Correction seen on NEPSE after last week rallies; NMB traded most and Nepal Finance rises by 31.45% (Weekly Wrap up)

Fri, Dec 20, 2019 2:38 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index declined 23 points (1.96%) in the trading week between 15th December to 19th December. This week market opened at 1172.64 points and made a high of 1181.70 on Sunday but closed at 1149.64 points on last trading day.

Candlestick pattern:

Shooting Star candle was formed on Sunday. Shooting Star indicates a potential price top and reversal.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). NEPSE Index is below its 5-days Moving Average and above 20-days Moving.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone. MACD line and signal line both are in bullish zone. This indicates possibility of continuation of upward momentum.

Fibonacci retracement method:

NEPSE Index is trading above 78.6 % Fibonacci level. Trading below 61.8% indicates weight of bear is more than bull.

This week's market statistics:

Index Open- 1172.64 points                Index Closed- 1149.64 points

Index High- 1181.70 points                 Index Low- 1149.64 points

Turnover

 

Average Turnover of this week: 41.73 crores

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

Pivot Point- 1159 point

1st Resistance- 1170 point                1st support- 1138 point

2nd Resistance- 1191 point               2nd support- 1127 point

Conclusion:  Market may continue its  correction this week too.

 

Weekly Market Summary of NEPSE

More than 65.21 lakhs unit shares of worth Rs 2.08 arba has been traded through 31.96 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,460,368.94 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 43.45% of the total turnover this week followed by microfinance sector with 16.07% of the total turnover.

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

The NEPSE index decline by 1.96%. All the indices decreased this week except trading sector. The top looser sector of this week is Life Insurance sector with the fall of 5.28% 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

SS Pro

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

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has the highest monthly Beta value of 5.99 followed by Nirdhan Utthan Laghubitta (NUBL) with 5 beta value.

Top Ten Gainers of the week:  

Nepal Finance (NFS) is the top gainer of the week. NFS closed at Rs 163 with Rs 39(31.45%) increment.

Top Ten Losers of the week:

Naya Nepal Laghubita (NNLB) price has decreased by 22.24% and its LTP stands at Rs 507. 20% bonus share has been adjusted of NNLB. 

Top Stocks by Turnover, Volume and Number of Transaction:

NMB Bank (NMB) was the top traded company of the week. Total Rs 31.62 crore worth of NMB shares were traded this week.

Top Buyers Brokers of the Week:

Dynamic Money Managers (Broker No- 44) was the top buyer broker of this week and it has bought stocks of worth Rs 16.27 crores.

Top Buyer Brokers Top 10 Bought Companies:

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 21.08 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

SS Pro