NEPSE Concludes The Week With 1.03% Gain and Turnover of Rs 41.58 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,731.80 after gaining 27.84 points (1.03%). The index closed at 2,703.96 last week gaining 4.17 % from the previous week.

This week, the index went as high as 2,743.09 and as low as 2,662.59 hence witnessing volatility of  80.5 points. The index had seen volatility of 122.7 points in the previous week.

The highest intraday gain was 25.90 points on Thursday with a turnover of Rs 9.68 Arba, however, the total turnover stood at Rs 41.58 Arba this week.

 

Momentum Indicators

The RSI reading on the daily timeframe is 67.68. Meanwhile, the RSI reading on the weekly chart is 55.78.

Conversely, the MACD and Signal lines are in the Positive zone i.e., with the MACD reading at 15.87.

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.

2,640 - 2,600 level may act as the nearest support whereas, the 2,785 – 2,860 zone will act as major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 25.90 points on Thursday with a turnover of Rs 9.68 Arba, however, the total turnover stood at Rs 41.58 Arba this week. Over 10.38 crore unit shares have been traded through 3,66,486 transactions this week. The current market capitalization of NEPSE is Rs. 4,551,572.87 million, i.e., Rs 45.51 Kharba.

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

The NEPSE index increased by 1.03% 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 Green Development Bank Limited (GRDBL), Bindhyabasini Hydropower Development Company Limited (BHDC), and Rapti Hydro & General Construction Limited (RHGCL), with 3.754, 3.402, and 3.344, respectively. 

Top Ten Gainers of the Week:

Bhagawati Hydropower Development Company Limited (BGWT) is the top gainer. BGWT closed at Rs. 1,091.90 with an increment of Rs. 168.97 (18.31%).
 

Top Ten Losers of the Week:

12% Goodwill Finance Limited Debenture 2083 (GWFD83)'s price has decreased by 18.49%, and its LTP stands at Rs. 1,170.10. 

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:

Nepal Reinsurance Company Limited (NRIC) is the top-traded company of the week. Rs. 2.24 Arba worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

This week, Bhrikuti Stock Broking Company Private Limited (Broker No.- 55) was the top buyer broker and bought stocks worth Rs. 3.44 Arba.

Top 10 Bought Companies by Top Buyer Brokers:

Top Seller Brokers of the Week:

Bhrikuti Stock Broking Company Private Limited (Broker No.- 55) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 2.62 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