NEPSE Concludes The Week With 0.57% Gain and Turnover of Rs 20.41 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,560.29 after gaining 14.56 points (0.57%). The index closed at 2,545.73 last week, down 1.94 % from the previous week.

This week, the index reached a high of 2,580.09 and a low of 2,533.03, resulting in a volatility of 47.06 points. The index had seen volatility of 68.89 points in the previous week.

The highest intraday gain was 15.71 points on Tuesday, with a turnover of Rs 4.01 Arba; however, the total turnover for the week stood at Rs 20.41 Arba.

 

Momentum Indicators

The RSI reading on the daily timeframe is 44.01. Meanwhile, the RSI reading on the weekly chart is 44.33.

Conversely, the MACD and Signal lines are in the Negative zone, i.e., with the MACD reading at -18.04.

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

The 2,440-2,480 level may serve as the nearest support, while the 2,630 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 15.71 points on Tuesday, with a turnover of Rs 4.01 Arba; however, the total turnover for the week stood at Rs 20.41 Arba. Over 4.49 Crore unit shares have been traded through 2,80,793 transactions this week. The current market capitalization of NEPSE is Rs. 4,298,784.02 million, i.e., Rs 42.98 Kharba.

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

The NEPSE index increased by 0.57% this week. Only five sector indices are closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB), Butwal Power Company Limited (BPCL), and Excel Development Bank Limited (EDBL) with 3.671, 3.126, and 2.984, respectively. 

Top Ten Gainers of the Week:

Sagar Distillery Limited (SAGAR) is the top gainer. SAGAR closed at Rs. 828 with an increment of Rs. 313.70 (61.00%).
 

Top Ten Losers of the Week:

Bhugol Energy Development Company Limited (BEDC)'s price has decreased by 20.80%, and its LTP stands at Rs. 567.10. 

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:

Sahas Urja Limited (SAHAS) is the top-traded company of the week. Rs. 1.16 Arba worth of SAHAS 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. 1.38 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. 1.54 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