Trend reversal signal observed; Shivam Cement in top losers list; Weekly Wrap Up of the NEPSE index

NEPSE index movement:

The index opened at 1258.31 points and closed at 1260.47 points with the gain of 2.16 points (0.17%).

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

This week the NEPSE has formed the first bullish candle after four consecutive bearish candles.

The Index broke the 38.2% (1254 points) Fibonacci level this week but could not hold there and reversed back and closed above it. The market has tested this resistance several times in the last three weeks but could not close below that level.

This week, the index has formed dozi kind of pattern with a longer tail on the lower side. The candlestick expressing how the buyers overcome the selling pressure of the market this week.

Whenever ‘dozi’ candlestick pattern has formed after the strong movement market usually turns the trend, sometimes instantly or sometimes lately after the formation of one or two similar kinds of candles.

This week’s candle injecting a hope of bullish rail.

NEPSE Chart Analysis:

The market was volatile this week, we have witnessed big movements in the NEPSE.

The daily rising turnover supporting the bulls in the market.

The concerning part for the buyers is on Thursday (Last trading day) the index closed at the lowest point of the day with small tail in the upper side which means sellers overcome the buying pressure and completely dominated the market yesterday.

However, the major technical indicators are supporting the bulls.

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 1.61 crore unit of shares of worth Rs 2.66 arba has been traded through 34 thousand transactions this week compared to 76 lakhs unit of shares of worth Rs 2.52 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,568,593.01 Million.

The turnover has increased by 5.81% this week compared to last week. The Total Traded shares increased by 110% which shows the stocks of lower market value has traded massively compared to last week.

Sector-wise breakdown of the turnover of this week:

The total turnover of the commercial bank sector has increased from 41% to 53.9%. This is the highest turnover percentage of commercial bank in last 3-4 months.

Promoter and Manu & Process make 15.5% of the total turnover this week.

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

The NEPSE index up by 0.26%.  Majority of the indices were gainers this week. The top losing sector of this week is the Hotels sector.

Top gainer sector of this week is Non-Life insurance sector with 1.49% gain. The sub-index was the top loser for three consecutive weeks.

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:

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has the highest monthly Beta value of 4.36 followed by the Janautthan Samudayic Laghubitta Bikas Bank Limited (JSLBB) with 4.25 beta value.

Nine out of 10 companies of the top ten beta value belong to the microfinance sector.

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) is the top gainer of the week. SMFBS closed at Rs 416 with Rs 107 (34.63%) increment.

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) price has increased by Rs 65 (15.48%), 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.

Union Hydropower Company Limited (UNHPL) is the top loser of the week. UNHPL's stock opened at Rs 136 and closed at Rs 114 with the loss of 16.18% (Rs 22).

Rairang Hydropower Development Company Limited (RRHP) lost 6.09% (Rs 7).

Top Stocks by Turnover:

Nepal Bank Limited (NBL) was the top traded company of the week. More than Rs 20.73 crore worth of NBL shares were traded this week.

Mega Bank (MEGA) is the second top traded company of the week with Rs 16.43 crore transaction amount.

Top Buyers Brokers of the Week:

Vision Securities Pvt. Limited (Broker No- 34) was the top Buyer broker of this week and it has bought stocks of worth Rs 19.57 crores.

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 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 23.27 crores.