NEPSE Gained Massive 5.74% This Week With Huge Rs 31.29 Arba Turnover(Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)
Fri, Dec 22, 2023 3:40 PM on Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
This week, NEPSE index closed at 2,109.10 after gaining 114.50 points (5.74%). The index closed at 1,994.60 last week, gaining 7.66% from the previous week.
This week, the index went as high as 2,154.19 and as low as 1,951.05 hence witnessing volatility of 203.14 points. The index had seen volatility of 150.81 points in the previous week.
The highest intraday gain was 45.99 points on Tuesday with a turnover of Rs 5.98 Arba, however, the total turnover stood at Rs 31.29 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 73.06. Meanwhile, the RSI reading on the weekly chart is 61.19.
On the other side, the MACD and Signal lines are both in the positive zone, i.e., above zero with the MACD reading at 57.54.
Nepse Index is above its 5-day Moving Average and 20-day Moving Average. This is a bullish signal but requires further confirmation.
2,050 zone may act as the nearest support whereas, the 2,250 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday gain was 45.99 points on Tuesday with a turnover of Rs 5.98 Arba, however, the total turnover stood at Rs 31.29 Arba this week. More than 9.22 crore unit shares have been traded through 5,38,165 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,265,754.23 million i.e. Rs 32.65 Kharba.
NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)
The NEPSE index inclined by 5.74% this week. All sector indices are closed in green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
10.25% NBBL Debenture 2085 (NBBD2085) price has decreased by 20.93% and its LTP stands at Rs. 990.
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:
Shivam Cements Limited (SHIVM) is the top-traded company of the week. A total of Rs. 1.36 Arba worth of SHIVM shares were traded this week.
Top Buyers Brokers of the Week:
Imperial Securities Co. Pvt. Ltd (Broker No- 45) was the top buyer broker this week and it bought stocks worth Rs. 1.60 Arba.
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. 1.66 Arba.
Top 10 Sold Companies:
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
