NEPSE Concludes The Week With 0.29% Gain and Turnover of Rs 19.37 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,615.25, down 7.66 points (0.29%). The index closed at 2,607.37 last week, down 0.90% from the previous week.

This week, the index reached a high of 2,632.81 and a low of 2,587.23, resulting in a volatility of 45.58 points. The index had seen volatility of 40.27 points in the previous week.

The highest intraday gain was 18.38 points on Tuesday, with a turnover of Rs 3.29 Arba; however, the total turnover for the week stood at Rs 19.37 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 50.81. Meanwhile, the RSI reading on the weekly chart is 48.15.

Conversely, the MACD is above zero, and the Signal line is in the Positive zone, i.e., with the MACD reading at 2.81.

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

The 2,540 level may serve as the nearest support, while the 2,700 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 18.38 points on Tuesday, with a turnover of Rs 3.29 Arba; however, the total turnover for the week stood at Rs 19.37 Arba. Over 4.67 Crore unit shares have been traded through 2,94,024 transactions this week. The current market capitalization of NEPSE is Rs. 4,390,697.98 million, i.e., Rs 43.90 Kharba.

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

The NEPSE index increased by 0.29% this week. Only four sector indices are closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Joshi Hydropower Development Company Limited (JOSHI), Bandipur Cable Car and Tourism Limited (BANDIPUR), and Sagar Distillery Limited (SAGAR) with 3.798, 3.213, and 2.482, respectively. 

Top Ten Gainers of the Week:

Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) is the top gainer. SWASTIK closed at Rs. 3,097.10 with an increment of Rs. 1,173.90 (61.04%).
 

Top Ten Losers of the Week:

Barahi Hydropower Public Limited (BHPL)'s price has decreased by 14.29%, and its LTP stands at Rs. 534.00. 

All analysis is conducted using 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:

Ngadi Group Power Limited (NGPL) is the top-traded company of the week. Rs. 75.33 Crores worth of NGPL shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Co. Ltd. (Broker No. 58) was the top buying broker and purchased stocks worth Rs. 97.04 Crores.

Top 10 Bought Companies by Top Buyer Brokers:

Top Seller Brokers 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. 1.00 Arba.

Top 10 Sold Companies by Top Seller Brokers:

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

 SSPro