Hotels and Hydropower sector rise by a massive 23.13% and 16.92%; Avg. daily turnover rises by 24.01%; Nepal Reinsurance traded most this week too (Weekly Wrap up)

Fri, Sep 18, 2020 12:49 PM on Stock Market, Weekly Analysis, Featured,

NEPSE index gained 51.49 points (3.39%) in the trading week between 13th September to 17th September 2020. Last Week market closed at 1520.69 and this week closed at 1572.18 points on Thursday. 55.71 points volatility was witnessed this week, with the market reaching the highest 1577.99 and the lowest 1522.28.

Candlestick pattern:

This week, 3 green and 2 red candles were formed. Green Candle having a long body was formed on Thursday.

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. Nepse Index above moving average signals for Bullishness. GOLDEN CROSS made on 20th August 2020 is still valid. The Golden cross is a technical pattern indicating the potential for a major rally.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  The signal line have crossed the MACD line, this indicates a bullish signal. A histogram is also in the 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

50% - 1414

61.8% - 1480

78.6% - 1565

100% - 1667


Average Turnover of this week: Rs 2.85 arba

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

Pivot Point- 1557 point

1st Resistance- 1592 point                1st Support- 1537 point

2nd Resistance- 1612 point               2nd Support- 1519 point

3rd Resistance- 1667 point              3rd Support- 1502 point

Conclusion: NEPSE Index closing above 61.8% Fibonacci level indicates the weightage of a bull is high. The market may be trading in the 1540 -1670 range this week.

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 4.23 crore unit shares of worth Rs 14.28 arba has been traded through 2.01 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,090,206.64 Million.

Breaking the all-time high market capitalization record, NEPSE gains a massive 30.78 points and closes at 1,572.18

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 22.70% of the total turnover this week followed by the non-life insurance sector with 18.70% 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 3.39% this week. Majority of the sub-indices increased this week. The top gainer sector of this week is the Hotel sector with a rise of a massive 23.13% followed by a hydropower Sector with a rise of 16.92%.

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

Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has the highest monthly Beta value of 1.89 followed by Karnali Development Bank Limited (KRBL) and Nepal Finance Limited (NFS) with 1.83 and 1.80 beta value respectively.

Top Ten Gainers of the week:  

Reliance Life Insurance Limited (RLI) is the top gainer of this week. RLI closed at Rs 660 with Rs 249 (60.58%) 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:

Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) price has decreased by 4.87% and its LTP stands at Rs 860.

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

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. A total Rs 82.48 arba worth of NRIC 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 of worth Rs 85.02 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Online Securities (Broker No- 49) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 78.90 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