Weekly Summary: Technical Analysis, Sector-wise Breakdown, Major Highlights, and More

This week Nepse Index closed at 3004.31 weekly highest points. The Index made 139.4 points volatility with the market reaching the highest 3031.87 and the lowest 2892.47. On Monday, the index reached a high of 3031.87. The index gained 120.93 points (4.19%) in this trading week. Last week market closed at 2883.38 points and this week closed at 2883.38 points on Thursday.

Exponential Moving Average:

Nepse index is above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. Recently, 5 days EMA has crossed its 20 Days EMA forming a Golden crossover pattern. The Golden cross is a technical pattern indicating the potential for a major rally.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 65.97 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  The signal line has crossed the MACD line, this indicates a bullish signal. A histogram is also in the positive zone.  MACD is indicating upward momentum.

Turnover

Support and resistance level for the next trading week according to Pivot Point.

Pivot Point- 2885

1^st Resistance- 3059                    1^st Support- 2920

2^nd Resistance- 3114                   2^nd Support- 2836

3^rd Resistance- 3184                    3^rd Support- 2767

Conclusion:  Index Closing at the highest point in weekly charts indicates the market is to make a new high in the coming days.

Weekly Market Summary of NEPSE:

More than 15.40 crore unit shares worth Rs 42.46 Arba have been traded through 4.23 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 1,463,230.68 Million.

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

The NEPSE index closed at 3,004.31 points with an increment of 4.19% this week. Mutual Fund gained the most this week with an increment of 16.32%. (NOTE: Mutual Fund doesn't impact the NEPSE increment or decrement)

Stock with the highest monthly Beta value from the Development Bank and Finance sector

Sindhu Bikas Bank Limited (SINDU) has the highest monthly Beta value of 2.88 followed by Goodwill Finance Company Limited (GFCL) and Mahalaxmi Bikas Bank Limited (MLBL) with 2.49 and 2.42 beta values respectively.

Top Ten Gainers of the week:  

Mountain Hydro Nepal Limited (MHNL) is the top gainer of this week. MHNL closed at Rs. 453 with Rs. 107 (30.92%) increment.

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

SSpro

Top Ten Loser of the week:
Rastriya Beema Company Limited Promoter Share (RBCLPO)price has decreased by 5.55% and its LTP stands at Rs. 17,000. 

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

NIC Asia Bank Limited (NICA) is the top traded company of the week. A total of Rs. 1.30 Arba worth of NICA shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs. 2.60 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities Co. Limited (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 3.10 Arba.

Top Seller Brokers Top 10 Sold Companies:

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

SSpro

Major Highlights of the week:

Fall in NAV and Net Profit in Ashar for Global IME Samunnat Scheme-1 (GIMES1)

Public Issue of "8.75% Muktinath Debenture/Rinpatra 2084/85" Open from Today

When's the Book Closure Date for 25% Cash Dividend of Laxmi Unnati Kosh (LUK)?

Laxmi Equity Fund (LEMF) Proposes 35% Cash Dividend for FY 2077/78

Sharesansar and Mid Valley International College join hands to teach students about Share Market within Bachelors curriculum; sets-up one of its kind finlab in college premise

Machhapuchchhre Bank grows with new extension counter; banking access to benefit service seekers at Land Revenue office in Waling of Syangja

Mailung Khola Jal Vidhyut Company issuing 7.36 lakh units IPO share to general public from Shrawan 14

PM Deuba announces 'relief package' to prop up COVID-impacted industries

"Sustainable Banking Is Not Just Another Banking Scheme, It Is a New Banking Culture": Interview with Nabil Bank Chairman Upendra Poudyal

President Bhandari, VP Pun, PM Deuba extend greetings on Bakar-Eid

Despite slow business growth Mahalaxmi Bikas Bank able to increase profit by 71.02% in Q4; has 16% (approx.) dividend distribution capacity from FY 2077/78 earnings

Laxmi Unnati Kosh (LUK) Proposes 25% Cash Dividend for FY 2077/78

Rastra Bank publishes findings of Inflation Expectation Survey conducted in urban areas of all 7 provinces; 96% city dwellers opine that inflation will hit 10% by Magh this year

Terhathum Power Opening Its IPO for Locals From Today; Here’s What Investors Should Know About the Company Before Investing

Hindus across Nepal are celebrating Harishayani Ekadashi festival today

Madhya Bhotekoshi Hydro Project resumes its IPO process from Shrawan 5 for Sindhupalchowk locals; issue to close by Shrawan 17 at earliest

IPO Approved: Samling Power Company to Issue 12,30,000 Shares

A Disciplined Investor Takes Full Control of His Psychology; The Science of Cognitive Biases and Investment Decisions

Finance Minister Janardan Sharma bats for self-reliant economy

IPO Approved: IPO Issue of Sanima Life Insurance and Manushi Laghubitta