NEPSE Concludes The Week With 1.12% Loss and Turnover of Rs 14.69 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 for Christmas.

The NEPSE Index closed at 2,585.87, down 29.16 points (1.12%). The index closed at 2,615.25 last week, down 0.29% from the previous week.

This week, the index reached a high of 2,616.25 and a low of 2,568.94, resulting in a volatility of 47.31 points. The index had seen volatility of 45.58 points in the previous week.

The highest intraday loss was 19.93 points on Sunday, with a turnover of Rs 4.42 Arba; however, the total turnover for the week stood at Rs 14.69 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 43.59. Meanwhile, the RSI reading on the weekly chart is 46.23.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -4.42.

The Nepse Index is below both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index below the moving average indicates earlier bearish 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 loss was 19.93 points on Sunday, with a turnover of Rs 4.42 Arba; however, the total turnover for the week stood at Rs 14.69 Arba. Over 3.53 Crore unit shares have been traded through 2,91,402 transactions this week. The current market capitalization of NEPSE is Rs. 4,341,739.25 million, i.e., Rs 43.41 Kharba.

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

The NEPSE index decreased by 1.12% this week. Only one sector index is closed in the green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Narayani Development Bank Limited (NABBC), River Falls Power Limited (RFPL), and Swet-Ganga Hydropower & Construction Limited (SGHC) with 4.508, 4.187, and 3.521, respectively. 

Top Ten Gainers of the Week:

SY Panel Nepal Limited (SYPNL) is the top gainer. SYPNL closed at Rs. 815.00 with an increment of Rs. 192.40 (30.90%).
 

Top Ten Losers of the Week:

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL)'s price has decreased by 14.66%, and its LTP stands at Rs. 762.00. 

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:

SY Panel Nepal Limited (SYPNL) is the top-traded company of the week. Rs. 50.44 Crores worth of SYPNL 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. 67.54 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. 84.60 Crores.

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