NEPSE Lost 2.92% This Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Sep 8, 2023 11:16 AM on Stock Market, Weekly Analysis, Latest,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, NEPSE traded for 4 days only as Wednesday was a holiday for Gai Jatra. The NEPSE index closed at 1,932.45 after losing 58.14 points (2.92%). The index closed at 1,990.59 last week with a loss of 1.16% from the previous week.

This week, the index went as high as 1,991.04 and as low as 1,930.52 hence witnessing volatility of 60.52 points. The index had seen volatility of 30.38 points in the previous week.

The highest intraday loss was 29.81 points on Sunday with a turnover of Rs 1.18 Arba, however, the total turnover stood at Rs 4.23 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 31.04. Meanwhile, the RSI reading on the weekly chart is 43.48.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but signal line has crossed the MACD line and MACD line is below the signal line in the daily timeframe with the MACD reading at -32.04.

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 2,085 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 29.81 points on Sunday with a turnover of Rs 1.18 Arba, whereas the total turnover of the week stood at Rs. 4.23 Arba. More than 1.37 crore unit shares have been traded through 126,940 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,892,934.42 million i.e. Rs 2.89 Kharba.

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

The NEPSE index declined by 2.92% this week. All sector indices are closed in red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Liberty Energy Company Limited (LEC), Green Venture Limited (GVL), and Buddha Bhumi Nepal Hydropower Company Limited (BNHC) with 3.524, 3.044, and 2.495 respectively.

Top Ten Gainers of the Week:

Three Star Hydropower Limited (TSHL) is the top gainer. TSHL closed at Rs. 317 with an Rs. 86 (37.23%) increment.

Top Ten Losers of the Week:

Liberty Energy Company Limited's (LEC) price has decreased by 32.44% and its LTP stands at Rs. 152.

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.

SSpro

Top Stocks by Turnover, Volume, and Number of Transactions:

IME Life Insurance Company Limited (ILI) is the top-traded company of the week. A total of Rs. 15.02 Crores worth of ILI shares were traded this week.