Weekly wrap up of NEPSE Index: Upper Tamakoshi gains the most
Fri, Jan 18, 2019 4:39 PM on Featured, Stock Market, Weekly Analysis,
NEPSE index movement:
NEPSE index has formed two bullish and three bearish candles this week. The index opened at 1181.53 points and closed at 1187.77 points with the gain of 6.15 points (0.52%). This is the second consecutive bullish candle on the weekly time period. The small-bodied candle on the weekly basis made index steady but stability in the market is always followed by turbulence.
NEPSE Chart Analysis:
Special candlestick pattern was not observed this week on both weekly and daily time period.
Total turnover has increased compared to last week's turnover. We have observed the golden cross this week as 5-days EMA (blue) has crossed the 20-Days EMA from the downside. Technically, the index is looking positive for next week. For the short-term trend to call bullish, NEPSE index has to cross the 1232 points.
Weekly Market Summary of NEPSE
More than 53.70 lakh unit of shares of worth Rs 1.85 arba has been traded through 23 thousand transactions this week comparing to 62.88 lakhs unit of shares of worth Rs 1.66 arba last week.
The current market capitalization of NEPSE stands at Rs. 1,448630.51 Million.
Top ten gainers of the week:
Upper Tamakoshi (UPPER) is the top gainer of the week. The UPPER is listed in NEPSE this week and has opened at the extreme of pre-defined listing price range at Rs 224. UPPER has hit the upper circuit on every trading day and closed at Rs 311 with 38.84% increment.
Citizens Investment Trust (CIT) has gained more than 30% in the last couple of weeks.
Top ten losers of the week:
Kabeli Bikas Bank Limited (KEBL) has lost more than 11% this week. KEBL open at Rs 203 and closed at Rs 180 losing Rs 23 in 5 trading days.
Newly listed Joshi Hydropower (JOSHI) has lost 11.31% this week. The top traded company of the week, the Nepal Bank Limited (NBL) has lost 4.56%.
Top Stocks By turnover:
Nepal Bank (NBL) has topped in the case of turnover as more than Rs 29.58 crore worth of shares of NBL traded this week.
Nepal Bank had top traded company for consecutive three weeks as more than Rs 72 crore worth of NBL's stock has traded in that period.
The top seller brokers of the week:
Naasa Securities (Broker No. 58) was a top seller broker of this week. The firm has sold stocks of worth Rs 12.63 crore in the period of 5 days.
Top Seller Broker's Top sell:
The list below shows the top sold companies by top ten seller broker.
Nepal Bank Limited (NBL) is the top sold company by top seller brokers. A total of 7.12 lakhs unit of NBL stocks of worth Rs 21.21 crore had been sold this week.
Top Buyers Broker:
ABC Securities is the top buyer broker for this week. The brokerage firm has bought a stock of worth Rs 11.72 crore.
Top buyer's broker top bought Company:
The Nepal bank limited is the top bought company by top ten buyer's broker with a stock of worth Rs 13.41 crore have been bought this week.
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