NEPSE Concludes The Week With 3.43% Gain and Turnover of Rs 30.61 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,647.22, up 87.73 points (3.43%). The index closed at 2,5459.49 last week, down 0.66% from the previous week.

This week, the index reached a high of 2,679.90 and a low of 2,556.90, resulting in a volatility of  123 points. The index had seen volatility of 53.88 points in the previous week.

The highest intraday gain was 25.55 points on Monday, with a turnover of Rs 4.68 Arba; however, the total turnover for the week stood at Rs 30.61 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 59.81. Meanwhile, the RSI reading on the weekly chart is 48.17.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -3.97.

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

The 2,570 level may serve as the nearest support, while the 2,750 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 48.57 points on Tuesday, with a turnover of Rs 8.29 Arba; however, the total turnover for the week stood at Rs 30.61 Arba. Over 8.19 Crore unit shares have been traded through 2,99,574 transactions this week. The current market capitalization of NEPSE is Rs. 4,553,559.44 million, i.e., Rs 45.53 Kharba.

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

The NEPSE index increased by 3.43% this week. All sector indices closed in the green.
 

 

 

 

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Mailung Khola Jal Vidhyut Company Limited (MKJC), Rasuwagadhi Hydropower Company Limited (RHPL), and Chilime Hydropower Company Limited (CHCL) with betas of 4.556, 3.716 and 3.131, respectively. 

 

Top Ten Gainers of the Week:

Infinity Laghubitta Bittiya Sanstha Limited (ILBS) is the top gainer. ILBS closed at Rs. 1,065 with an increase of Rs. 195(22.41%).

 

Top Ten Losers of the Week:

Hathway Investment Nepal Limited 's price has decreased by 17.93%, and its LTP stands at Rs. 499.00.

All analyses are 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:

Reliance Spinning Mills Limited (RSML) is the top-traded company of the week. Rs. 1.06 Arba worth of RSML 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. 2.33 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. 1.32 Arba.

Top 10 Sold Companies by Top Seller Brokers:

 

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

 SSPro