NEPSE Concludes Week With 2.91% Loss and Turnover of Rs 35.09 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The market traded for four days this week as Thursday was a public holiday.

The NEPSE Index closed at 2,712.74 after losing 81.95 points (2.91%). The index closed at 2,818.43 last week, gaining 0.12% from the previous week.

This week, the index went as high as 2,819.92 and as low as 2,712.74, hence witnessing a volatility of 107.18 points. The index had seen a volatility of 120.46 points in the previous week.

The highest intraday gain was 17.28 points on Wednesday, with a turnover of Rs 8.23 Arba, however, the total turnover stood at Rs 35.09 Arba this week.

 

Momentum Indicators

The RSI reading on the daily timeframe is 47.89. Meanwhile, the RSI reading on the weekly chart is 56.

Conversely, the MACD and Signal lines are in the positive zone, i.e., above zero, with the MACD reading at 21.25.

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.

2,670 level may act as the nearest support, whereas the 2,900 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 17.28 points on Wednesday, with a turnover of Rs 8.23 Arba, however, the total turnover stood at Rs 35.09 Arba this week. Over 7.63 crore unit shares have been traded through 3,70,770 transactions this week. The current market capitalization of NEPSE is Rs. 4,543,811.88 million, i.e., Rs 45.43 Kharba.

NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)

The NEPSE index declined by 2.91% this week. All sector indices are closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Sindhu Bikas Bank Limited (SINDU), Dordi Khola Hydropower Company Limited (DORDI), and Liberty Energy Company Limited (LEC), with 3.04, 2.683, and 2.306, respectively. 

Top Ten Gainers of the Week:

Guardian Micro Life Insurance Limited (GMLI) is the top gainer. GMLI closed at Rs. 1,961.00 with an increment of Rs. 288.80 (17.27%).
 

Top Ten Losers of the Week:

Citizen Life Insurance Company Limited's (CLI) price has decreased by 22.47%, and its LTP stands at Rs. 562.10. 

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.

SSpro

Top Stocks by Turnover, Volume, and Number of Transactions:

Himalayan Reinsurance Limited (HRL) is the top-traded company of the week. Rs. 3.00 Arba worth of HRL 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. 2.34 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. 2.50 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.

 SSPro: