NEPSE Concludes The Week With 0.17% Gain and Turnover of Rs 30.30 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The market traded for Four days this week as Thursday was a public holiday.

The NEPSE Index closed at 2,693.06 after gaining 4.51 points (0.17%). The index closed at 2,688.55 last week gaining 2.94% from the previous week.

This week, the index went as high as 2,745.89 and as low as 2,655.29 hence witnessing volatility of  90.6 points. The index had seen volatility of 166.44 points in the previous week.

The highest intraday gain was 17.44 points on Tuesday with a turnover of Rs 8.58 Arba, however, the total turnover stood at Rs 30.30 Arba this week.

 

Momentum Indicators

The RSI reading on the daily timeframe is 58.04. Meanwhile, the RSI reading on the weekly chart is 52.62.

Conversely, the MACD and Signal lines are in the negative zone i.e., below zero with the MACD reading at 4.14.

Nepse Index is above both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bullish sentiment.

2,600 - 2,560 level may act as the nearest support whereas, the 2,730 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 17.44 points on Tuesday with a turnover of Rs 8.58 Arba, however, the total turnover stood at Rs 30.30 Arba this week. Over 7.07 crore unit shares have been traded through 2,77,210 transactions this week. The current market capitalization of NEPSE is Rs. 4,483,804.18 million, i.e., Rs 44.83 Kharba.

NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)

The NEPSE index increased by 0.17% this week. Only eight sector indices are closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Shangrila Development Bank Limited (SADBL), Green Development Bank Limited (GRDBL), and Sindhu Bikas Bank Limited (SINDU), with 3.976, 3.958, and 3.316, respectively. 

Top Ten Gainers of the Week:

Om Megashree Pharmaceuticals Limited (OMPL) is the top gainer. OMPL closed at Rs. 1,499.50 with an increment of Rs. 475.20 (46.39%).
 

Top Ten Losers of the Week:

Barahi Hydropower Public Limited (BHPL)'s price has decreased by 20%, and its LTP stands at Rs. 817.27. 

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

SSpro

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

Radhi Bidyut Company Limited (RADHI) is the top-traded company of the week. Rs. 2.42 Arba worth of RADHI shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Company Limited (Broker No. 58) was the top buyer broker and bought stocks worth Rs. 1.78 Arba.

Top 10 Bought Companies by Top Buyer Brokers:

Top Seller Brokers of the Week:

Naasa Securities Company Limited (Broker No.- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.72 Arba.

Top 10 Sold Companies by Top Seller Brokers:

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

 SSPro