NEPSE Concludes The Week With 0.48% Gain and Turnover of Rs 24.69 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,654.93, up 12.78 points (0.48%). The index closed at 2,642.15 last week, down 1.08% from the previous week.

This week, the index reached a high of 2,666.22 and a low of 2,608.95, resulting in a volatility of 57.27 points. The index had seen volatility of 45.80 points in the previous week.

The highest intraday gain was 21.63 points on Tuesday, with a turnover of Rs 4.23 Arba; however, the total turnover for the week stood at Rs 24.69 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 47.99. Meanwhile, the RSI reading on the weekly chart is 50.24.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -8.19.

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

The 2,580 level may serve as the nearest support, while the 2,780 zone will act as a major resistance zone.

Insight into Important Data

The highest intraday gain was 21.63 points on Tuesday, with a turnover of Rs 4.23 Arba; however, the total turnover for the week stood at Rs 24.69 Arba. Over 5.84 Crore unit shares have been traded through 2,70,388 transactions this week. The current market capitalization of NEPSE is Rs. 4,466,062.92 million, i.e., Rs 44.66 Kharba.

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

The NEPSE index increased by 0.48% 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 Trade Tower Limited (TTL), SY Panel Nepal Limited (SYPNL), and Bandipur Cable Car and Tourism Limited (BANDIPUR), with betas of 4.068, 3.826, and 3.372, respectively. 

Top Ten Gainers of the Week:

Salapa Bikas Bank Limited (SABBL) is the top gainer. SABBL closed at Rs. 584.50, with an increase of Rs. 221.50 (61.02%).
 

Top Ten Losers of the Week:

Supermai Hydropower Limited (SMH)'s price has decreased by 14.51%, and its LTP stands at Rs. 625.00. 

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:

Ankhukhola Hydropower Company Limited (AKJCL) is the top-traded company of the week. Rs. 1.73 Arba worth of AKJCL 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. 1.33 Arba.

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. 1.79 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