NEPSE lost 25.75 points this week; turnover grows by more than 100% due Everest Bank Promoter shares;weekly wrap up of NEPSE Index

NEPSE index movement:

The index opened at 1138.62 points and closed at 1112.87 points with the loss of 25.75 points (2.26%) by making bearish candle one after another. The index has lost 77.80 points in last one month. The candlestick chart of the weekly time-period is shown below

The NEPSE has formed stretched bodied bearish candle in last four week. This week's candle is bearish marubozu.

NEPSE index is just 3.55 points above the lowest point of 1109.32 since 2016. The breakdown of this low level could bring more bear in the market.

NEPSE Chart Analysis:

On the daily time period, kind of marubozu has formed this type of pattern show the selling pressure in the market.

The 5-days EMA (blue line) is below the 20-days EMA (red line) favoring a bearish trend. The space between them is increasing continuously and that supports the bears in the market.

Weekly Market Summary of NEPSE

More than 1.023 crore unit of shares of worth Rs 3.07 arba has been traded through 25 thousand transactions this week comparing to 51.10 lakhs unit of shares of worth Rs 1.50 arba last week. The current market capitalization of NEPSE stands at Rs. 1,390,639.65 Million, the market capitalization has decreased by 2.26% this week.

This week, a total of 72 lakhs unit of Everest Bank Promoter's shares of worth Rs 1.91 arba were traded. Thus, this transaction increases the turnover and total traded shares by more than 100%.

All the analysis are done with the SS Pro

Top Ten Gainers of the week:

CHAUTARI LAGHUBITTA BITTIYA SANSTHA LIMITED (CHLBS) is the top gainer of the week. CHLBS closed at Rs 375 with Rs 33 increments, this week. Last week, CHLBS stock price increased by 9.69%

Unilever price increased by Rs 704 with 4% increment.

Top Ten Losers of the week:

In this list, we have excluded price fall of promoters share

Naya Nepal Laghubitta Bikas Bank Limited (NNLB ) is the top loser of the week. The CEFL's stock opened at Rs 581 and closed at Rs 490 with the loss of 15.66%.

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has lost 9.18% this week.

Top Stocks by Turnover:

Everest Bank Promoter Shares (EBLPO) was the top traded company of the week. More than Rs 1.91 arba worth of EBLPO shares was traded this week.

Upper Tamakoshi is the second top traded company of the week with Rs 6.2 crore transaction amount.

All the analysis are done with the SS Pro

Top Seller Brokers of the Week:

Naasa Securities (Broker No- 58) was a top seller broker of this week and it has sold stocks of worth Rs 1.01 arba.

Top Buyers Broker:

Again, Nassa Securities (Broker No- 58) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 1.06 arba.