All sub-indices rises this week with Life Insurance sector winning the race; Nepal Life Insurance and NMB Bank among most traded companies (Weekly Wrap up)
Fri, Dec 6, 2019 12:51 PM on NEPSE News, Weekly Analysis, Featured,
NEPSE Index gained 19.13 points (1.72%) in the trading week between 1st December to 5th December. This week market opened at 1112.79 points and made a high of 1134.93 on Thursday but closed at 1131.92 points.
Candlestick pattern:
Four green candlesticks and one red candlestick was formed this week.
Exponential Moving Average:
We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). Recently, NEPSE Index is above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness but still need to wait for Golden cross signal.
Moving Average Convergence and Divergence:
MACD line (blue) and the signal line (red line) are in negative zone. MACD line rises above the signal line, this indicates a bullish signal, which suggests that the NEPSE index is likely to experience upward momentum.
Fibonacci retracement method:
NEPSE Index is trading below 78.6 % Fibonacci level. Trading below 61.8% indicates weight of bear is more than bull.
This week's market statistics:
Index Open-1112.79 points Index Closed-1131.92 points
Index High- 1134.93 points Index Low- 1109.97 points
Turnover
1 - DEC - 2019: 20.63 crores
2 – DEC - 2019: 23.22 crores
3 – Nov - 2019: 26.68 crores
4 – Nov - 2019: 30.82 crores
5 – Nov - 2019: 35.88 crores
Average Turnover of this week: 27.44 crores
Support and resistance level for next trading week according to Pivot Point.
Pivot Point- 1124 point
1st Resistance-1140 point 1st support-1115 point
2nd Resistance-1149 point 2nd support-1099 point
Conclusion: Although, market gained 19.13 points this week, long term trend of NEPSE is still bearish. So, need to wait till 1150 level for uptrend conformation.
Weekly Market Summary of NEPSE
More than 45.97 lakhs unit shares of worth Rs 1.37 arba has been traded through 23.20 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,437,508.33 Million.
Sector-wise breakdown of the turnover of this week:
The commercial bank sector made 36.77% of the total turnover this week followed by microfinance sector with 19.66% of the total turnover.
NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)
The NEPSE index increased by 1.72%. All the indices increased this week. The top gainer sector of this week is Life Insurance sector with the rise of 8.59% followed by Non life Insurance sector.
All the analysis are done with the SS Pro Software. To know more about the software click on the link below
Stock with the highest monthly Beta value from the Banking, Insurance &Finance Sector
Gurans Laghubitta (GLBSL) has the highest monthly Beta value of 4.58 followed by Sabaiko Laghubitta (SABSL) with 4.25 beta value.
Top Ten Gainers of the week:
Civil Laghubitta Bittiya Sanstha (CLBSL) is the top gainer of the week. CLBSL closed at Rs 515 with Rs 60 (13.19%) increment.
Top Ten Losers of the week:
Miteri Development Bank Promoter (MDBPO) price has decreased by 75.32% and its LTP stands at Rs 136.
Top Stocks by Turnover, Volume and Number of Transaction:
Nepal Life Insurance (NLIC) was the top traded company of the week. Total Rs 10.52 crore worth of NLIC shares were traded this week.
Top Buyers Brokers of the Week:
Online Securities (Broker No- 49) was the top buyer broker of this week and it has bought stocks of worth Rs 7.64 crores.
Top Seller Broker of the Week:
Opal Securities (Broker No- 4) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 7.41 crores.
Top 10 Market Capitalization Companies:
All the analysis are done with the SS Pro Software. To know more about the software click on the link below
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