Correction continues this week too in NEPSE with decline of 4.08%; Strong support at 1350 level; NLIC traded most (Weekly Wrap Up)

Fri, Mar 13, 2020 6:03 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index declined 58.52 points (4.08%) in the trading week between 8th March to 12th March, 2020. This week market opened for 3 trading days. Tuesday NEPSE open at 1435.70 points and made a low of 1349.31 but close at 1377.18 points on Thursday.

This week's market statistics:

Index Open- 1435.70 points                Index Close- 1377.18 points

Index High- 1436.66 points                 Index Low- 1349.31 points

Candlestick pattern:

This week, 3 marabozu candles were formed. One bullish and 2 bearish marabozu were formed.  A green Marubozu moves upward and is very bullish, and a red Marubozu moves downward and is very bearish. The longer the candle is, the more dramatic the jump in price has been (whether it jumped up or down).

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 both 5 days EMA and 20 days EMA. Values below moving average signals for bearishness.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone.  Signal line have crossed the MACD line, this indicates a possibility of bearish signal. Histogram is in negative zone. Overall MACD is indicating downward 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% - 1386

61.8% - 1319

78.6% - 1225

Turnover

Average Turnover of this week: Rs 1.83 arba 

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

Pivot Point- 1387 point

1st Resistance- 1425 point                1st Support- 1338 point

2nd Resistance- 1474 point               2nd Support- 1300 point

3rd Resistance- 1512 point              3rd Support- 1251 point

Conclusion:  NEPSE is in corrective mood with strong support at 1350.

Weekly NEPSE Movement:

Weekly Market Summary of NEPSE

More than 1.40 crore unit shares of worth Rs 5.50 arba has been traded through 55.68 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,761,259.04 Million.

Sector-wise breakdown of the turnover of this week:

The banking sector made 42.19% of the total turnover this week followed by Life Insurance sector with 15.62% 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 4.08% this week. All the indices decreased this week. The top looser sector of this week is hotel sector with fall of 6.46% followed by Life Insurance sector with fall of 5.83%.

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

SS Pro

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

First microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has the highest monthly Beta value of 1.54 followed by Standard Chartered Bank Limited (SCB) with 1.53 beta value.

Top Ten Gainers of the week:  

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) is the top gainer of this week. NSEWA closed at Rs 787 with Rs 48 (6.5%) increment.

Top Ten Losers of the week:

Himal Dolakha Hydropower Company Limited (HDHPC) price has decreased by 17.76% and its LTP stands at Rs 88.

Top Stocks by Turnover, Volume and Number of Transaction:

Nepal Life Insurance Company Limited (NLIC) is the top traded company of the week. Total Rs 52.07 crore worth of NLIC shares were traded this week.

Listing of the Week:

Top Buyers Brokers of the Week:

Imperical Securities (Broker No- 45) was the top buyer broker of this week and it has bought stocks of worth Rs 25.92 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Vision Securities (Broker No- 34) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 31.52 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