NEPSE Index declined by 9.50 points; Bishal Bazar Company rises by 33.86%; Prime Commercial Bank traded most (Weekly Wrap up)

Fri, Nov 6, 2020 12:45 PM on Stock Market, Weekly Analysis, Featured,

NEPSE Index declined 9.5 points (0.58%) in the trading week between 1st November to 5th November 2020. Last Week market closed at 1645.67 points and this week closed at 1636.17 points on Thursday. 19.77 points volatility was witnessed this week, with the market reaching the highest 1654.15 and the lowest 1634.38.

Candlestick pattern:

One green and four red candles were formed this week.

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 above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness. Golden cross signal was generated by moving average on 18th of October,2020.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in positive 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:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

50% - 1442

61.8% - 1475

78.6% - 1562



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

Pivot Point- 1644 point

1st Resistance- 1654 point                1st Support- 1634 point

2nd Resistance- 1664 point               2nd Support- 1624point

3rd Resistance- 1684 point              3rd Support- 1604 point

Conclusion: All major indicators are supporting short term bearish trend. We can aspect market to have low volatility next week. NEPSE has Strong support at 1600.

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 4 crore unit shares of worth Rs 12.22 arba has been traded through 1.61 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,192,345.62 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank's sector made 33.34% of the total turnover this week followed by the hydropower' sector with 21.39% of the total turnover.

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

The NEPSE index decreased by 0.58% this week. The top looser sector of this week is the banking sector with a fall of 2.93% followed by the development Bank sector with a fall of 1.40%. The top gainer sector of this week is the trading sector with a rise of 10.95%.

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

Citizens Bank International Limited (CZBIL) has the highest monthly Beta value of 2.61 followed by Laxmi Bank Limited (LBL) and Prime Commercial Bank Limited (PCBL) with 2.49 and 2.39 beta value respectively.

Top Ten Gainers of the week:  

Bishal Bazar Company Limited (BBC) is the top gainer of this week. BBC closed at Rs 2,356 with Rs 596 (33.86%) 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:

Everest Bank Limited (EBL) price has decreased by 8.78% and its LTP stands at Rs 675.

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

Prime Commercial Bank Limited (PCBL) is the top traded company of the week. A total of Rs 66.04 crore worth of PCBL shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs 1.06 arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 98.84 crore.

Top Seller Brokers Top 10 Sold Companies:

Top Companies with Highest Market Capitalizations:

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

SS Pro

Major Events, News of the Week:

Economy will be revived in 'V shape' with everyone's efforts

Seven Things to Learn from Scam 1992: The Harshad Mehta Story

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Insurance Companies unveil monthly performance report for Ashwin; Which companies are leading?

Jyoti Life Insurance reports 91.87% growth in net profit in Q1; Company to issue IPO soon

United IDI Mardi allots its shares to project-affected locals of Machhapuchchhre Gaupalika of Kaski; issue received application only for 1.79 lakh unit shares from 255 applicants

Mountain Energy Nepal Limited issuing 19.68 lakh units IPO share to general public from Kartik 26

Bids opened for auction of Neco Insurance Company Limited's promoter shares; Cut-off price at Rs. 395.25

Jyoti Bikas Bank to convert 3.35% of total shares from promoter to public; BOD authorizes CEO to initiate procedures

Shares of Sanima General Insurance listed in NEPSE; Can be traded from Kartik 19

Bid Opening Concludes for the auction of Civil Laghubitta; How much is the cut-off price?

SALAMI SLICING ATTACK: All you need to know about your financial and technical security

RMDC Laghubitta's business remains stagnant; reports decline in Net Profit and NPL remains ZERO in Q1

Mero Microfinance proposes 17.83% dividend for fiscal year 2076/77; How much in bonus and cash?

United IDI-Mardi and R.B. Hydropower invites general public to apply for a stake (IPO) in the company from Kartik 27; total of 8.73 lakh units offered

Rise in net interest income leads to 54.24% growth in net profit of Prime Bank in Q1; CCD ratio stands at 80.03%

Everest Bank Limited (EBL) proposes 10.53% dividend for FY 2076/77; How much in bonus and cash?

Bank of Kathmandu Limited (BOKL) announces book closure on Kartik 28 for AGM and Dividend Payout