After Last Week Gain NEPSE Drops by 88.67 Points This Week; Naasa Securities Remains Top Buyer and Seller Broker (Weekly Wrap Up With Sector Analysis, Highlights, and More)
Fri, Feb 3, 2023 3:47 PM on Stock Market, Weekly Analysis,
Part 1: Rundown and Technical Analysis
The NEPSE index closed at 2,094.54 this week after a loss of 88.67 points (4.06%). The index closed at 2,183.21 last week with a gain of 0.20% from the week before that.
This week, the index went as high as 2192.27 and as low as 2,090.53 hence witnessing volatility of 101.74 points. The index had seen volatility of 62.08 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. Looking at the daily charts, the short-term and mid-term trends are both down.
The highest intraday loss was 41.16 points on Monday with a turnover of Rs 3.30 Arba, however, the total turnover stood at Rs 13 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 49.21. Meanwhile, the RSI reading on the weekly chart is 53.71.
On the other side of things, the MACD line and Signal line both are in the Positive zone, i.e. above zero in the daily timeframe, but the MACD line and Signal line have made a crossover pattern with the MACD reading at 32.93. This indicates an early start of bearish sentiment.
Moving Averages
NEPSE index is below both 5 days Exponential Moving Average (EMA) and 20 days EMA. The index below these moving averages signals bearishness. The 5 days EMA is above the 20 Days EMA with a probability of crossover pattern.
2,080 to 2,000 zone may act as the nearest support whereas, the 2280 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 41.16 points on Monday with a turnover of Rs 3.302 Arba, whereas the total turnover of the week stood at Rs. 13 Arba. More than 3.55 crore unit shares have been traded through 239,498 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,022,527.69 million i.e. Rs 30.22 Kharba.
NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)
The NEPSE index declined by 4.06% this week. All sector indices are closed in red.
Stocks with the highest Monthly Beta
The top three companies with the highest beta are Himalayan Hydropower Limited (HHL), Khaptad Laghubitta Bittiya Sanstha Limited (KLBS), and People's Power Limited (PPL) with 3.197, 3.188, and 2.953 respectively.
Top Ten Gainers of the week:
Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) is the top gainer. ADLB closed at Rs. 1,928.90 with Rs. 731 (61.02%) increment.
Top Ten Losers of the week:
Ridi Power Company Limited's (RIDI) price has decreased by 36.46% and its LTP stands at Rs. 360.9.
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:
Ridi Power Company Limited(RIDI) is the top-traded company of the week. A total of Rs. 44.68 Crores worth of RIDI shares were traded this week.
Top Buyers Brokers of the Week:
Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 1.104 Arba.
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. 1.080 Arba.
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.
