NEPSE failed to cross Fibonacci 38.2% level; Nepal Bank in list of top gainers; Weekly Wrap Up of the NEPSE Index

NEPSE index movement:

The index opened at 1264.53 points and closed at 1257.15 points with the loss of 7.38 points (0.58%).

The candlestick chart of the weekly time-period is shown below;

This week the NEPSE has formed bearish candle, this week’s candle is the fourth bearish candle in a row.

The index tested the 38.2% Fibonacci level twice in the last two weeks. However, the NEPSE failed to break that level which signifies the paleness of the sellers in the market. The market seems comparatively stable in the last two week.

In the last 10-12 months, often the market has reversed the trend (short-term) whenever it went through the stable phase after a strong movement. The current stability could bring a rising market in the coming days.

NEPSE Chart Analysis:

NEPSE has formed small-bodied candle in this week. The volume has increased on a daily basis.

The index looks indecisive in the last two weeks.

We could see high volatility in the coming week and few technical indicators softly signaling for a trend reversal.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

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Weekly Market Summary of NEPSE

More than 76.58 lakhs crore unit of shares of worth Rs 2.52 arba has been traded through 31 thousand transactions this week compared to 64 lakhs unit of shares of worth Rs 1.91 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,564,430.79 Million.

The turnover has increased by a massive 31.75%, this week compared to last week.

The average daily turnover increased to Rs 50.46 crore from Rs 38.29 crore compared to last week. The daily average turnover has increased this week.

Sector-wise breakdown of the turnover of this week:

41% of the total turnover raised by the commercial bank sector. The percentage decreases from 49% compared to last week.

Microfinance and Manufacturing & Processing makes 27.4% of the total turnover this week.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

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NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index points fall by 0.57%.  Majority of the indices were on the losing side this week. The top losing sector of this week is Non-Life insurance. Non-Life insurance was the top loser sector for three consecutive weeks.

The sub-index lost 3.6%. The Non-Life Insurance lost 10.77% in a mere three weeks.

Finance sector closed with a 0.54% gain this week.

Stock with highest monthly Beta value from the Banking &Finance Sector

The table below shows the list:

Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has the highest monthly Beta value of 5.54 followed by the Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) with 5.48 beta value.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

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Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

Ganapati Microfinance Bittiya Sanstha Limited (GMFBS) is the top gainer of the week. GMFBS closed at Rs 436 with Rs 110 (33.74%) increment.

Nepal Agro Laghubitta Bittiya Sanstha Limited (NAGRO) price has increased by Rs 99 (24.36%), this week. Nepal Argo increased by more than 47% in the last two week.

Top Ten Losers of the week:

This list excludes the promoter’s shares and a stock whose dividend /right book close date were in this week.

Shikhar Insurance Company Limited (SICL) is the top loser of the week. SICL's stock opened at Rs 806 and closed at Rs 740 with the loss of 8.19% (Rs 66).

Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) lost 7.36% (Rs 36).

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

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Top Stocks by Turnover:

Himalayan Distillery Limited (HDL) was the top traded company of the week. More than Rs 34.77 crore worth of HDL shares were traded this week.

Nepal Bank Limited (NBL) is the second top traded company of the week with Rs 15.88 crore transaction amount.

Top Buyers Brokers of the Week:

Naasa Securities Co. Ltd (Broker No- 58) was the top Buyer broker of this week and it has bought stocks of worth Rs 32.49 crores.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro

 Top Seller Broker of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) is the top seller broker for this week as well. The brokerage firm has sold stocks of worth Rs 42.45 crores.