NEPSE Concludes The Week With 3.98% Gain and Turnover of Rs 49.51 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 Sunday was a public holiday.

The NEPSE Index closed at 2,820.44, up 107.95 points (3.98%). The index closed at 2,712.49 last week, up 2.17% from the previous week.

This week, the index reached a high of 2,911.38 and a low of 2,757.12, resulting in a volatility of 154.26 points. The index had seen volatility of 85.9 points in the previous week.

The highest intraday gain was 162.94 points on Monday, with a turnover of Rs 0.28 Arba; however, the total turnover for the week stood at Rs 49.51 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 65.28. Meanwhile, the RSI reading on the weekly chart is 63.13.

Conversely, the MACD is above zero, and the Signal line is in the Positive zone, i.e., with the MACD reading at 35.08.

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

The 2,780 level may serve as the nearest support, while the 3,000 zone will act as a major resistance zone.

Insight into Important Data

The highest intraday gain was 162.94 points on Monday, with a turnover of Rs 0.28 Arba; however, the total turnover for the week stood at Rs 49.51 Arba. Over 13.15 Crore unit shares have been traded through 4,55,227 transactions this week. The current market capitalization of NEPSE is Rs. 4,744,733.91 million, i.e., Rs 47.44 Kharba.

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

The NEPSE index increased by 3.98% this week. All sector indices are closed in the green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Pure Energy Limited (PURE), Shreenagar Agritech Industries Limited (SAIL), and Daramkhola Hydro Energy Limited (DHEL), with betas of 1.901, 1.790, and 1.743, respectively. 

Top Ten Gainers of the Week:

Salapa Bikas Bank Limited (SABBL) is the top gainer. SABBL closed at Rs. 948.60, with an increase of Rs. 241.50 (34.15%).
 

Top Ten Losers of the Week:

Trishuli Jal Vidhyut Company Limited (TVCL)'s price has decreased by 5.68%, and its LTP stands at Rs. 613.10. 

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:

Ngadi Group Power Limited (NGPL) is the top-traded company of the week. Rs. 1.91 Arba worth of NGPL 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. 3.78 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. 3.37 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