Good times for market continues, NEPSE rallies 197.60 points; Naasa Securities tops the brokers with massive Rs 2.17 arba transaction (Weekly Wrap Up)

Fri, Feb 28, 2020 2:00 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index gained 197.60 points (13.77%) in the trading week between 23rd February to 27th February, 2020. This week market opened at 1434.57 points but close at high of the week 1632.17 points on Thursday.

This week's market statistics:

Index Open- 1434.57 points                Index Close- 1632.17 points

Index High- 1632.17 points                 Index Low- 1434.57 points

Candlestick pattern:

This week, 4 green and 1 red candle were formed. Clean shaved candlestick was formed on last trading day.

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 5th of December,2019.

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 bullish signal. Histogram is also in positive zone. Overall MACD is indicating 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

61.8% - 1254

78.6% - 1295

100% - 1348

161.8% - 1500

261.8% - 1745

Turnover

 Average Turnover of this week: Rs 3.72 arba

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

Pivot Point- 1566 point

1st Resistance- 1698 point                1st Support- 1500 point

2nd Resistance- 1764 point               2nd Support- 1368 point

3rd Resistance- 1896 point              3rd Support- 1302 point

Conclusion:  NEPSE is in bullish trend and have a strong resistance at 1750.

 Weekly NEPSE Movement:

Weekly Market Summary of NEPSE

More than 4.49 crore unit shares of worth Rs 18.62 arba has been traded through 1.55 lakhs transactions this week. The current market capitalization of NEPSE stands at Rs. 2,083,684.61 Million.

Sector-wise breakdown of the turnover of this week:

The banking sector made 36.53% of the total turnover this week followed by microfinance sector with 14.25% 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 massive 13.77% this week. All the indices increased this week. The top gainer sector of this week is banking sector with a whopping rise of 19.74% followed by Life Insurance sector with rise of 14.96%.

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

Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has the highest monthly Beta value of 3.24 followed by Everest Bank Limited (EBL) with 1.87 beta value.

Top Ten Gainers of the week:  

Unilever Nepal Limited (UNL) is the top gainer of this week. UNL closed at Rs 23,330 with Rs 5481 (30.71%) increment.

Top Ten Losers of the week:

Taragaon Regency Hotel Limited (TRH) price has decreased by 6.89% and its LTP stands at Rs 311.

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 87.75 crore worth of NLIC shares were traded this week. 

Listing:

Top Buyers Brokers of the Week:

Naasa Securities (Broker No- 58) was the top buyer broker of this week and it has bought stocks of worth Rs 1.12 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 of worth Rs 1.04 arba.

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