NEPSE Decreased by 4.74%; Naasa Securities Remains Top Buyer and Seller Broker (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)
Fri, Jun 2, 2023 11:53 AM on Stock Market, Weekly Analysis,
Part 1: Rundown and Technical Analysis
This week, NEPSE traded for 4 days only as Monday was a holiday of Republic Day. The index closed at 1,866.34 this week after a loss of 92.78 points (-4.74%). The index closed at 1,959.12 last week with a gain of 4.36% from the week before that.
This week, the index went as high as 1,977.36 and as low as 1,837.43 hence witnessing volatility of 139.93 points. The index had seen a volatility of 96.44 points in the previous week.
Analysis of Trend and Volume
Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. The daily charts show that the short-term trend and mid-term trends both are still down.
The highest intraday loss was 53.13 points on Tuesday with a turnover of Rs 2.34 Arba, however, the total turnover stood at Rs 8.95 Arba this week.
Momentum Indicators
The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.
The RSI reading on the daily timeframe is 46.83. Meanwhile, the RSI reading on the weekly chart is 42.99.
On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero in the daily timeframe but moving towards bullish zone with the MACD reading at 1.35.
Moving Averages
Nepse Index is below its 5-day Moving Average and 20-day Moving Average. This is typically a bearish signal, but requires further confirmation
1,800 zone may act as the nearest support whereas, the 2100 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday gain was 53.16 points on Tuesday with a turnover of Rs 2.3 Arba, whereas the total turnover of the week stood at Rs. 8.95 Arba. More than 2.89 crore unit shares have been traded through 155,123 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,74,651.40 million i.e. Rs 27.24 Kharba.
NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)
The NEPSE index declined by 4.74% this week. All sector indices closed green.
Stocks with the highest Monthly Beta
The top three companies with the highest beta are Swet-Ganga Hydropower & Construction Limited (SGHC), Shiva Shree Hydropower Limited (SSHL), and Himalaya Urja Bikas Company Limited (HURJA) with 2.592, 2.374, and 2.341 respectively.
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
Sunrise Focused Equity Fund's (SFEF) price has decreased by 14.89% and its LTP stands at Rs. 7.83.
All the analysis is done with the SS Pro Software. To know more about the software, click on the link below.
Top Stocks by Turnover, Volume, and Number of Transactions:
Shivam Cements Limited (SHIVM) is the top-traded company of the week. A total of Rs. 65.95 Crores worth of SHIVM shares were traded this week.
Top Buyers Brokers of the Week:
Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 90.49 Crores.
Top 10 Bought Companies:
Top Seller Brokers of the Week:
Naasa Securities Co. Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.28 Arba.
Top 10 Sold Companies:
All the analysis is done with the SS Pro Software. To know more about the software, click on the link below.
