NEPSE Concludes Week With 2.49% Loss and Turnover of Rs 37.54 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, Nov 22, 2024 2:47 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The market traded for Four days this week as Monday was a public holiday.
The NEPSE Index closed at 2,680.44 after losing 68.34 points (2.49%). The index closed at 2,748.78 last week gaining 2.74% from the previous week.
This week, the index went as high as 2,788.12 and as low as 2,676.25 hence witnessing volatility of 111.87 points. The index had seen volatility of 107.65 points in the previous week.
The highest intraday loss was 51.11 points on Tuesday with a turnover of Rs 10.46 Arba, however, the total turnover stood at Rs 37.54 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 48.51. Meanwhile, the RSI reading on the weekly chart is 57.45.
Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 17.46.
Nepse Index is below both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bearish sentiment.
2,600 level may act as the nearest support whereas, the 2,860 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 51.11 points on Tuesday with a turnover of Rs 10.46 Arba, however, the total turnover stood at Rs 37.54 Arba this week. Over 8.09 crore unit shares have been traded through 378,240 transactions this week. The current market capitalization of NEPSE is Rs. 4,268,070.54 million i.e. Rs 42.68 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index declined by 2.49% this week. Two sectors' indices are closed in the green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Gurans Laghubitta Bittiya Sanstha Limited's (GLBSL)price has decreased by 19.88% and its LTP stands at Rs. 2,450.00.
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
Top Stocks by Turnover, Volume, and Number of Transactions:
Ngadi Group Power Limited (NGPL) is the top-traded company of the week. Rs. 1.48 Arba worth of NGPL shares were traded this week.
Top Buyers Brokers of the Week:
This week, Naasa Securities Company Limited (Broker No- 58) was the top buyer broker and bought stocks worth Rs. 2.19 Arba.
Top 10 Bought Companies by Top Buyer Brokers:
Top Seller Brokers of the Week:
Naasa Securities Company Limited (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 2.27 Arba.
Top 10 Sold Companies by Top Seller Brokers:
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
