NEPSE tested Fibonacci 38.2% level; Gurans Laghubitta up by 29%; Weekly Wrap Up of the NEPSE index

NEPSE index movement:

The index opened at 1271.18 points and closed at 1264.36 points with the loss of 6.82 points (0.53%). Number of trading days is 5

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 third bearish candle in a row. So formed bearish candle is the candle with the smallest body in the series.

According to the Fibonacci retracement from 1100 (low) points to 1350 (high) points. After reaching 1350 points index floated the 23.6% retracement level and have broke that level.

This week NESPE tested 38.2% level and started moving the upward movements. It will be interesting to see the index movement next week.

Green shaded part in the chart above shows the area between the 23.6% and 38.2% level.

NEPSE Chart Analysis:

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

The index was looking stable after the strong bearish trend. The Nepse index usually gains in the month of June-July. 

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 64.43 lakhs crore unit of shares of worth Rs 1.91 arba has been traded through 28 thousand transactions this week compared to 68 lakhs unit of shares of worth Rs 2.05 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,573,038.23 Million.

The average daily turnover has decreased by 25% to Rs 38.29 crore compared to last week average turnover of Rs 51.26 crore.

Sector-wise breakdown of the turnover of this week:

49% of the total turnover raised by the commercial bank sector.

Microfinance is the second top traded company of this week.

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

The NEPSE index points fall by 0.41%.  Majority of the indices were on the losing side this week. The top losing sector of this week is Non-Life insurance. The sub-index lost 2.6%. The sub-index was a top loser sector of last week as well. Non-Life Insurance lost 7.17% in two weeks.

Banking and Hydropower Index closes with minimal gain.

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

The table below shows the list:

Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has the highest monthly Beta value of 7.08 followed by the Multipurpose Finance Company Limited (MPFL) with 4.18 beta value.

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) is the top gainer of the week. GLBSL closed at Rs 423 with Rs 96 (29.36%) increment.

Nepal Agro Laghubitta Bittiya Sanstha Limited (NAGRO) price has increased by Rs 76 (23.31%), 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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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.

Union Hydropower Company Limited (UNHPL) is the top loser of the week. UNHPL's stock opened at Rs 150 and closed at Rs 136 with the loss of 9.33% (Rs 14).

Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) lost 9.05% (107).

Top Stocks by Turnover:

Nepal Bank Limited (NBL) was the top traded company of the week. More than Rs 12.34 crore worth of NBL shares were traded this week.

Shivam Cement Limited (SHIVM) is the second top traded company of the week with Rs 11.78 crore transaction amount.

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

SS Pro

Top Buyers Brokers of the Week:

Online Securities Pvt.Ltd. (Broker No- 49) was the top Buyer broker of this week and it has bought stocks of worth Rs 18.52 crores.

Top Seller Broker of the Week:

Opal Securities Investment Pvt. Limited. (Broker No- 4) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 19.34 crores.