Part 1: Rundown and Technical Analysis

This week, NEPSE traded for 4 days only as Thursday was a holiday of Bhoto Jatra. The index closed at 1,959.12 this week after a gain of 81.80 points (4.36%). The index closed at 1,877.32 last week with a gain of 2.11% from the week before that.

This week, the index went as high as 1,962.55 and as low as 1,866.11 hence witnessing volatility of 96.44 points. The index had seen a volatility of 75.16 points in the week before that.

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 is up but mid-term trends is still down.

The highest intraday gain was 51.32 points on Tuesday with a turnover of Rs 2.2 Arba, however, the total turnover stood at Rs 6.95 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 68.21. Meanwhile, the RSI reading on the weekly chart is 49.65.

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 4.27.

Moving Averages

The 5-day Moving Average of the NEPSE Index has crossed above its 20-day Moving Average from below forming a Golden crossover. This is typically a bullish signal, but requires further confirmation.

1,880 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 51.31 points on Tuesday with a turnover of Rs 2.2 Arba, whereas the total turnover of the week stood at Rs. 6.95 Arba. More than 1.92 crore unit shares have been traded through 133,714 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,858,062.63 million i.e. Rs 28.58 Kharba.

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

The NEPSE index inclined by 4.36% this week. All sector indices closed green.

Stocks with the highest Monthly Beta

The top three companies with the highest beta are River Falls Power Limited (RFPL), Himalaya Urja Bikas Company Limited (HURJA), and Sagarmatha Jalbidhyut Company Limited (SMJC)
with 2.960, 2.888, and 2.739 respectively.

 

Top Ten Gainers of the Week:

 

Top Ten Losers of the Week:

Adarsha Laghubitta Bittiya Sanstha Limited's (ADLB) price has decreased by 5.56% and its LTP stands at Rs. 1,223.

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. 38.22 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. 49.11 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. 49.01 Crores.

Top 10 Sold Companies: