7 & 9 out of top ten gainers & top ten traded company are commercial bank's stock; Deprosc Laghubitta was up by 14.33%; Weekly Wrap Up of the Market

NEPSE index movement:

The Nepal stock market welcomes the year 2076 explosively as NEPSE index has gained 48.04 points (4.05 %) in the mere four trading days(this week).

This week, the index opened at 1184.22 points and closed at 1232.26 points.

The candlestick chart of the weekly time-period is shown below;

This week's candle is the bullish candle with a large body. The so formed candle has a small tail on the downside and has no tail on the upside which means the index closed at the highest point of the week. This week’s candle shows an excessive dominance of the buyers in the market

A kind of double bottom pattern was observed in the weekly time-period candles-stick pattern but as the market was floating around the highest point of the first bottom, we can expect a correction next week.

NEPSE Chart Analysis:

On the daily time period, large green candles were formed.

Most of the candles closed almost at the closed point that expresses the clear dominance of the buyers in the market.

Thursday’s candle was a kind of marubozu pattern which supports the trend.

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

SS Pro

Weekly Market Summary of NEPSE

More than 86.42 lakhs unit of shares of worth Rs 2.62 arba has been traded through 33 thousand transactions this week comparing to 1.04 crore unit of shares of worth Rs 2.99 arba last week. The current market capitalization of NEPSE stands at Rs. 1,528,200.22 Million.

The turnover, as well as the number of traded shares, has decreased by 12.45% and 17.63% respectively compared to the last week. This decrement is due to the fact that this week market was open only for four days.

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

Deprosc Laghubitta Bittiya Sanstha Limited ( DDBL )is the top gainer of the week. DDBL closed at Rs 678 with Rs 85 (14.33%) increment.

Nepal SBI Bank (SBI) price has increased by 12.86% with Rs 53 increment.

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

SS Pro

Top Ten Losers of the week:

This list excludes the promoter’s shares.

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) is the top loser of the week. VLBS's stock opened at Rs 641 and closed at Rs 590 with the loss of 7.96% (Rs 51).

World Merchant Banking & Finance Limited (WMBF) has lost 6.98% this week. Losers list are filled with the stock of microfinance and hydropower sector.

Top Stocks by Turnover:

NMB Bank Limited (NMB) was the top traded company of the week. More than Rs 19.40 crore worth of NMB shares were traded this week.

Kumari Bank Limited (KBL) is the second top traded company of the week with Rs 17.26 crore transaction amount.

Top nine out of top ten traded company belongs to the commercial bank sector.

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) was the top seller broker of this week and it has sold stocks of worth Rs 14.36 crores.

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

SS Pro

Top Buyers Broker:

Again, Imperial Securities Co .Pvt.Limited  (Broker No- 45) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 14.18 crores.