10.45 Billion Rupees Wiped Out In Matter Of A Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Aug 11, 2023 12:52 PM on Stock Market, Weekly Analysis, Latest,

Part 1: Rundown and Technical Analysis

This week, the NEPSE index closed at 2066.05 after losing 23.79 points (1.14%). The index closed at 2,089.84 last week with a loss of 1.72% from the week before that.

This week, the index went as high as 2,101.42 and as low as 2,000.51 hence witnessing volatility of 100.91 points. The index had seen volatility of 76.61 points in the previous week.

Analysis of Trend and Volume

Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. The daily charts show the short-term trend as bearish and mid-term trends as bullish.

The highest intraday gain was 41.06 points on Wednesday with a turnover of Rs 1.88 Arba, however, the total turnover stood at Rs 10.80 Arba this week.


Momentum Indicators

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

The RSI reading on the daily timeframe is 53.14. Meanwhile, the RSI reading on the weekly chart is 46.26.

On the other side, the MACD line and Signal line both are in the positive zone, i.e. above zero but signal line has crossed the MACD line and MACD line is below the signal line in the daily timeframe with the MACD reading at -8.51.

Moving Averages

Nepse Index is below its 5-day Moving Average and 20-day Moving Average. This is typically a bearish signal but requires further confirmation

2,000 zone may act as the nearest support whereas, the 2200 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 41.06 points on Wednesday with a turnover of Rs 1.88 Arba, whereas the total turnover of the week stood at Rs. 10.80 Arba. More than 3 crore unit shares have been traded through 372,700 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,061,191.24 million i.e. Rs 3.06 Kharba.


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

The NEPSE index declined by 1.14% this week. Only four sector indices closed in green.



Stocks with the highest Monthly Beta

The top three companies with the highest beta are Nepal Investment Mega Bank (NIMB), Kamana Sewa Bikas Bank Limited (KSBBL), and Jyoti Bikash Bank Limited (JBBL) with 2.039, 2.035, and 2.024 respectively.

Top Ten Gainers of the Week:

Nepal Republic Media Limited (NRM) is the top gainer. NRM closed at Rs. 297 with Rs. 46.60 (18.61%) increment.

Top Ten Losers of the Week:

Vijaya Laghubitta Bittiya Sanstha Limited's (VLBS) price has decreased by 11.51% and its LTP stands at Rs. 635.


All the analysis is done with the SS Pro Software. To know more about the software, click on the link below.


Top Stocks by Turnover, Volume, and Number of Transactions:

IME Life Insurance Limited (ILI) is the top-traded company of the week. A total of Rs. 88.61 Crores worth of ILI shares were traded this week.


Top Buyers Brokers of the Week:

Sani Securities Co. Ltd (Broker No- 42) was the top buyer broker this week and it bought stocks worth Rs. 70.05 Crores.


Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 61.10 Crores.


Top 10 Sold Companies:


All the analysis is done with the SS Pro Software. To know more about the software, click on the link below.