Everything That Happened in NEPSE in "The Week That Broke One Record After Another"

Sat, Dec 5, 2020 7:06 AM on Stock Market, Weekly Analysis, Featured,

-ShareSansar

NEPSE index gained 162.21 points (8.57%) in this trading week. Last Week's market closed at 1893.24 points and this week closed at 2055.45 points on Thursday. 206.30 points volatility was witnessed this week, with the market reaching the highest 2118.41 and the lowest 1912.11.

Candlestick pattern:

Long two green candles and three red candles were formed this week.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). At present, NEPSE Index is above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness. The golden cross signal was generated by moving average on the 18th of October,2020.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the positive zone. MACD line rises above the signal line, this indicates a bullish signal, which suggests that the Nepse index will continue its upward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

2.618% - 2524

1.618% - 1996

100% - 1671

78.6% - 1558

Turnover:

Weekly Market Summary of NEPSE:

More than 10 crore unit shares worth Rs 40.98 Arba has been traded through 3.57 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,755,063.29 Million.

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

The NEPSE index increased by 8.57% this week. The top loser sector of this week is the Trading sector with a fall of 7.28% followed by Finance sector with a fall of 2.23%. The top gainer sector of this week is the Others sector with a rise of 17.66%.

Stock with the highest monthly Beta value from the Banking, Microfinance & Insurance

National Life Insurance Company Limited (NLICL) has the highest monthly Beta value of 1.80 followed by Chilime Hydropower Company Limited (CHCL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) with 1.76 and 1.62 beta value respectively.