Standard Chartered is up by 16%; Total turnover is par Rs 5 arba; Weekly Wrap Up of the Market

NEPSE index movement:

The index opened at 1232.53 points and closed at 1292.12 points with the massive gain of 59.59 points (4.83%).

The candlestick chart of the weekly time-period is shown below;

This week's candle is the fifth bullish candle in a row. On examining the candles, we observed that the body of the candles has increased respectively on every next week and this week’s candle is the largest among those five candles.

The candles stick pattern has shown an increasing interest of an investor in the market.  This week’s candles show the complete dominance of the buyers in the market as the shadows on both sides is very small compare to the body.

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

SS Pro

NEPSE Chart Analysis:

The market moves consistently up in last one month without even a small correction. Looking at the strong upward movement we can expect a correction in the market.

The upward movement of the market was well supported by an increasing volume. The special candlestick pattern on the daily time-period was not observed this week.

The Indices and Sub-indices:

The movement of the Indices and Sub-indices is shown below:

As shown in the figure above, most of the sub-indices performed inferior to the NEPSE index. The best performing sector this week is the commercial bank sector and the worst performing sector is the hydropower sector. 

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

SS Pro

Weekly Market Summary of NEPSE

More than 1.6 crore unit of shares of worth Rs 5 arba has been traded through 51 thousand transactions this week comparing to 86.42 lakhs unit of shares of worth Rs 2.62 arba last week. The current market capitalization of NEPSE stands at Rs. 1,601,054.22 Million.

The turnover has increased massively by 91.05%, this week comparing to the last week.  This week, the total no of the transaction has also increased that shows the market has a comparatively a large number of investors in the market.

Top Ten Gainers of the week:  

This list excludes the promoter’s shares and stocks whose price gets adjusted this week.

Standard Chartered Bank Nepal Limited (SCB) is the top gainer of the week. SCB closed at Rs 723 with Rs 102 (16.43%) increment.

Mahalaxmi Bikas Bank Limited (MLBL) price has increased by 12.57% with Rs 22 increment.

Top Ten Losers of the week:

This list excludes the promoter’s shares and stock’s whose price has adjusted in this week.

NADEP Laghubitta Bittiya Sanstha Limited (NADEP) is the top loser of the week. NADEP's stock

opened at Rs 615  and closed at Rs 522 with the loss of massive 15.12% (Rs 93).

Aarambha Microfinance Bittiya Sanstha Limited ( AMFI ) has lost 11.11% this week.

Top Stocks by Turnover:

Nepal Bank Limited (NBL) was the top traded company of the week. More than Rs 56.08 crore worth of NBL shares were traded this week.

Prabhu Bank Limited (PRVU) is the second top traded company of the week with Rs 22.88 crore transaction amounts.

All the company in the top ten traded company of this week belongs to the commercial bank sector.

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

SS Pro

Top Seller Brokers of the Week:

Online Securities Pvt.Ltd (Broker No- 49) was the top seller broker of this week and it has sold stocks of worth Rs 26.20 crores.

Top Buyers Broker:

Again, the Online Securities Co.Ltd (Broker No- 49) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 26.76 crores.