All major technical indicators are supporting end of short term down trend; Hotel and Life Insurance sector lost the most; Weekly Wrap Up of NEPSE

Sun, Sep 8, 2019 6:49 AM on Latest, NEPSE News, Weekly Analysis,

This week NEPSE made volatility of 41.76 points. NEPSE made a high of 1198.48 and low of 1156.72 within a week. Index opened at 1196.41 points and closed at 1191.07 points with the loss of 5.34 points (0.44%). On Sunday the index was down by 11.63 points to 1184.78. The market slipped down further on Monday by 14.44 points. Market made a low of 1156.72 but closed on 1190.90 on Tuesday. Tuesday was most volatile day of a week. Wednesday index gained 3.87 and on Thursday index fell by 3.70 points.

Candlestick pattern:

First 3 trading days, long candles were made whereas, Small sized candlestick were formed in last 2 trading days.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). At present, NEPSE Index is below 20 days EMA but above 5 days EMA. Values above short term EMA indicates possibility of start of short term up trend. Starting of uptrend will be confirm after Nepse Index closes above 20 days EMA.

Relative Strength Index:

Relative Strength Index is currently at over sold zone, 36.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in negative zone but into a verse of crossover.  Cross over of signal line by MACD line indicates early entry of buyers.

Fibonacci retracement method:

NEPSE Index is trading between 61.8% and 78.6 % Fibonacci level. Index trading above 61.8% level could lead index to 1224.

This week's market statistics:

Index Open-1194.09 points                Index closed-1191.07 points

Index High- 1198.48 points                Index low- 1156.72 points

Support and resistance level for next week according to Pivot Point.

Pivot Point- 1181 point

1st Resistance-1207 point                1st support-1165 point

2nd Resistance-1223 point               2nd support-1139 point

Conclusion: All major indicators are supporting end of short term down trend. We can aspect market won’t go below 1156 next week.

Prediction: Low volatile range trading between 1170 – 1224.

 

Weekly Market Summary of NEPSE

More than 70.49 lakhs unit shares of worth Rs 1.94 arba has been traded through 37.49 thousand transactions this week compared to 60.24 lakhs unit of shares of worth Rs 1.62 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,512,669.69 Million.

  This week Last week Percentage Change
Total Turnover (Rs.) 1,942,141,801.00 1,624,838,377.00 19.53%
Total Traded Shares 7,049,319.00 6,024,975.00 17.00%
Total No. of Transactions 37,490.00 29,600.00 26.66%
Market Cap at (In million Rs) 1,512,669.69 1,519,459.38 -0.45%
Floated Market Cap at (In million Rs) 545,401.00 546,197.59 -0.15%
No of trading days 5 5 0

The turnover has increased by 19.53% this week compared to last week and the total number of transaction also increased by 26.66%.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 45% of the total turnover this week followed by microfinance sector with 13% of the total turnover.

Sector This Week (Sept 1-5) This Week (Aug 25-29)
Turnover (Rs in Millions) Weightage Turnover (Rs in Millions) Weightage
Commercial Banks 882.19 45.42% 697.94 42.95%
Microfinance 245.14 12.62% 162.74 10.02%
Life Insurance 154.66 7.96% 87.17 5.36%
Hydro Power 146.47 7.54% 130.55 8.03%
Promotor Shares 142.53 7.34% 291.26 17.93%
Others 82.06 4.23% 45.24 2.78%
Development Banks 79.04 4.07% 86.26 5.31%
Manu. And Processing 75.16 3.87% 40.61 2.50%
Non Life Insurance 74.76 3.85% 46.84 2.88%
Finance 41.58 2.14% 16.22 1.00%
Hotels 14.88 0.77% 15.11 0.93%
Mutual Fund 3.33 0.17% 4.84 0.30%
Preference Shares 0.33 0.02% 0.01 0.00%
Tradings 0 0.00% 0.05 0.00%

NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index declined by 0.45%. Majority of the indices end the week with the loss. Top loser sector of this week is Hotel Sector with the decline of 2.12%.

Top gainer of the week is Development Bank sector which rises by 0.33%.

Index This Week Last Week Point Change % Change Index
NEPSE 1,191.07 1,196.41 -5.34 -0.45%
Sensitive 259.9 261.24 -1.34 -0.51%
Float 87.92 88.06 -0.14 -0.16%
Sensitive Float 83.31 83.34 -0.03 -0.04%
Banking  1,090.24 1,087.92 2.32 0.21%
Development Bank 1,589.08 1,583.90 5.18 0.33%
Finance 577.17 580.68 -3.51 -0.60%
Hotels 1,958.89 2,001.26 -42.37 -2.12%
HydroPower 996.86 1,014.57 -17.71 -1.75%
Life Insurance 5,388.43 5,491.79 -103.36 -1.88%
Manu. And Processing 2,476.03 2,515.51 -39.48 -1.57%
Microfinance 1,505.59 1,510.74 -5.15 -0.34%
Mutual Fund 9.73 9.78 -0.05 -0.51%
Non Life Insurance 4,636.14 4,638.62 -2.48 -0.05%
Others 671.48 685.89 -14.41 -2.10%

Stock with the highest monthly Beta value from the Banking &Finance Sector

The table below shows the list:

SN Stock Symbol LTP Monthly Beta Sector
1 MSMBS 482 3.72 Microfinance
2 NNLB 444 3.03 Microfinance
3 CLBSL 521 2.45 Microfinance
4 GLBSL 478 2.45 Microfinance
5 GILB 748 2.39 Microfinance
6 LLBS 707 2.31 Microfinance
7 ILBS 448 2.21 Microfinance
8 MLBBL 451 2.20 Microfinance
9 NLBBL 521 2.15 Microfinance
10 RSDC 349 2.14 Microfinance

Mahila Sahayatra Laghubitta (MSMBS) has the highest monthly Beta value of 3.72 followed by the Naya Nepal Laghubitta (NNLB) with 3.03 beta value.

All the companies of the top ten beta value belong to the microfinance sector.

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 Gainers of the week:  

Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) is the top gainer of the week. SABSL closed at Rs 485 with Rs 44 (9.98%) increment.

S.N. Symbol Open Price (Rs.) Closing Price (Rs.) Change (Rs.) Change (%)
1 SABSL 441 485 44 9.98
2 UFL 175 192 17 9.71
3 GBLBS 347 364 17 4.9
4 AKBSL 318 330 12 3.77
5 KRBL 104 107 3 2.88
6 GHL 73 75 2 2.74
7 AKPL 151 155 4 2.65
8 KPCL 82 84 2 2.44
9 WMBF 89 91 2 2.25
10 RRHP 101 103 2 1.98

Top Ten Losers of the week:

NIC Asia Growth Fund (NICGF) price has decreased by 11.92% (NICGF Price has adjusted for 10% cash dividend this week).

S.N. Symbol Open Price (Rs.) Closing Price (Rs.) Change (Rs.) Change (%)
1 NICGF 9.65 8.5 -1.15 -11.92
2 SJCL 203 190 -13 -6.4
3 RHPL 185 174 -11 -5.95
4 OHL 580 548 -32 -5.52
5 HPPL 148 140 -8 -5.41
6 NLG 642 611 -31 -4.83
7 GLICL 420 400 -20 -4.76
8 NLBBL 548 522 -26 -4.74
9 ALICL 326 313 -13 -3.99
10 SPDL 78 75 -3 -3.85

Top Stocks by Turnover and Number of Transaction:

Nepal Life Insurance (NLIC) was the top traded company of the week. More than Rs 19.70 crore worth of NLIC shares were traded this week.

S.N. Top Turnover Top No of Transaction
Symbol Turnover (Rs.) Symbol Trans (No)
1 NLIC 19,703,205 RHPL 776
2 SHIVM 11,967,460 SJCL 755
3 PRVU 10,514,031 SABSL 303
4 NLICP 10,300,000 NLIC 272
5 KBL 9,351,010 UPPER 185
6 NBL 9,151,061 PRVU 147
7 SANIMA 9,044,866 SHIVM 131
8 CZBIL 7,989,849 KBL 124
9 NIB 7,706,231 NIB 119
10 ADBL 7,593,805 CCBL 112

Top Buyers Brokers of the Week:

Vision Securities Pvt. Limited  (Broker No- 34) was the top Buyer broker of this week and it has bought stocks of worth Rs 21 crores.

S.N. Broker No. Broker Name Buy Amount (Rs.)
1 34 Vision Securities Pvt.Limited 210,004,435.40
2 49 Online Securities Pvt.Ltd 166,464,436.00
3 44 Dynamic Money Managers Securities Pvt.Ltd 110,446,242.00
4 38 Dipshika Dhitopatra Karobar Co. Pvt.Limited 77,815,946.00
5 45 Imperial Securities Co .Pvt.Limited 69,870,481.23
6 25 Sweta Securities Pvt. Limited 62,097,833.00
7 57 Araya Tara Investment And Securities Pvt. Ltd. 56,621,840.00
8 32 Premier Securites Company Limited 55,671,282.00
9 39 Sumeru Securities Pvt.Limited 51,324,430.00
10 4 Opal Securities Investment Pvt. Limited 50,434,156.00

Top Seller Broker of the Week:

Online Securities Investment Pvt. Limited. (Broker No- 49) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 15.26 crores.

S.N. Broker No. Broker Name Sell Amount (Rs.)
1 49 Online Securities Pvt.Ltd 152,641,076.59
2 45 Imperial Securities Co .Pvt.Limited 133,501,782.00
3 4 Opal Securities Investment Pvt. Limited 93,687,978.00
4 32 Premier Securites Company Limited 93,502,262.10
5 38 Dipshika Dhitopatra Karobar Co. Pvt.Limited 80,154,224.00
6 25 Sweta Securities Pvt. Limited 69,069,061.00
7 28 Shree Krishna Securities Limited 66,336,934.00
8 43 South Asian Bulls Pvt.Limited 64,256,649.00
9 58 Naasa Securities Co. Ltd. 62,135,795.00
10 34 Vision Securities Pvt.Limited 60,823,326.90

Top 10 Market Capitalization Companies:

S.N.  Symbol Capitalization (Rs. In Million)
1 NTC 97650
2 NABIL 70237.44
3 NIB 58814.75
4 EBL 49927.09
5 SCB 49831.1
6 HBL 45583.37
7 NLIC 44408.98
8 NICA 39665.69
9 ADBL 38316
10 SBI 37514.67

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

SS Pro