NEPSE Concludes the Week At Critical Juncture (Weekly Summary With Technical Analysis, Sector Comparison, and Major Highlights)

On Wednesday, Nepse Index reached an all-time high of 3140.38 points. The Index made 64.48 points volatility with the market reaching the highest 3140.38 and the lowest 3075.90. The index traded above 3000 levels all through this week. The index gained 27.62 points (0.90%) in this trading week. Last week market closed at 3079.83 points and this week closed at 3107.45 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 69.67 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- 3107

1^st Resistance- 3139                   1^st Support- 3074

2^nd Resistance- 3172                   2^nd Support- 3042

3^rd Resistance- 3237                    3^rd Support- 2977

Conclusion:  All major indicators are supporting the uptrend. Major support is at 3028 levels.

Weekly Market Summary of NEPSE:

More than 16.75 crore unit shares worth Rs 64.52 Arba have been traded through 6.09 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,337,173.06 million.

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

The NEPSE index closed at 3,107.45 points with an increment of 0.90% this week. Hydropower gained the most this week with an increment of 7.65%. 

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

Panchthar Power Company Limited (PPCL) has the highest monthly Beta value of 2.41 followed by Ngadi Group Power Limited (NGPL) and Excel Development Bank Limited (EDBL) with 2.32 and 2.29 beta values respectively.

Top Ten Gainers of the week:  

Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) is the top gainer of this week. JBLB closed at Rs. 1506.20 with Rs. 517.10 (52.28%) 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:
Laxmi Equity Fund (LEMF) price has decreased by 12.23% and its LTP stands at Rs. 12.20. 

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

Api Power Company Limited (API) is the top traded company of the week. A total of Rs. 2.27 Arba worth of API 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. 4.13 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 4.42 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:

Massive Write Back Inflates the Profit of Nirdhan Utthan Laghubitta in Q4; Look at the Overall Performance

3,19,410 Promoter Shares of First Microfinance Laghubitta in Auction From Today

What Fueled the Masisve Increment in Business and Profitability Indicator of Jeevan Bikas Laghubitta in Q4?

IPO for project-affected locals of Solukhumbu District: Sahas Urja Limited issuing 35,00,000 units IPO shares from Shrawan 29

Nerude Laghubitta Reports Increment in Major Profitability and Business Indicator in Q4

Government elevates Mr. Madhu Kumar Marasani as BOD of Rastra Bank; Mr. Marasani recently resigns from Nepal Bank as its serving chairman

IPO of Sanima Life Insurance Oversubscribed Over 2.13 Times on First Day Itself

IPO Proposals of These 3 Companies Are Added to SEBON's Pipeline

Banks Spend More Than They Have to on Corporate Social Responsibility but Two Third of the Fund Is Spent Only in Bagmati

Aarambha Chautari Reports Its Q4 Report Today With Increased Core Business Revenue

Increment in Core Business Revenue Leads to Impressive Rise in Net Profit of Mahila Laghubitta in Q4

Chhimek Laghubitta reported impressive increment in business volume and profitability in Q4; Look at the major highlights

IPO of Sanima Life Insurance Opening From Today; A Thorough Look Into Company Performance and Vital Fundamentals

IPO of Mailung Khola Jalavidhyut Company Closes With 21,18,925 Applications

NIC Asia Bank Auctioning Promoter Shares of These Companies From Today

Swabhalamban Laghubitta Reports Growth in Major Profitability Indicators in Q4; How Did It Perform Overall?

Increase in Business Volume and Core Business Revenue Leads to Impressive Increment in Net Profit of Ganapati Maghubitta in Q4

Meroshare Dysfunctional At The Moment; CDSC Will Extend IPO Deadline of Mailung Khola Jalavidhyut Company

Locals IPO of Madhya Bhotekoshi Jalavidyut Company Receives Application From 36,857 Applicants

2: 1 Rights Issue of Samriddhi Finance (SFCL) in SEBON's Pipeline

What Fueled the Net Profit Increment of Global Ime Laghubitta in Q4?

Increment in Net Profit Supported by Healthy Revenues in Q4 of Arun Kabeli; Look at the Major Highlights

Entrepreneurs urge government to bring master plan for recovery of tourism

Despite Rs 17.55 crore provision Mero Microfinance Laghubitta net profit rises by massive 145.51% in Q4

IPO of Mailung Khola Jalavidhyut Company Oversubscribed 35.31 Times; IPO Closes Tomorrow

Deadline Extended for Locals IPO Issue of Madhya Bhotekoshi Jalavidyut Company

How Did Asha Laghubitta Performed in Q4? Look At The Major Highlights Covered From Report

Sadhana Laghubitta Reports Impressive Increment in Major Indicators in Q4; Look at the Major Highlights

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Sanima Bank extends generous support of Rs 1 crore for construction of Children Hospital