Weekly Summary: Ascending Trend in Market Participation as NEPSE Explores New Territory (Technical Analysis, Sector Comparison, and Highlights)

Fri, Apr 16, 2021 9:12 PM on Stock Market, Weekly Analysis, Featured,

NEPSE index closed at its highest point ever. 83.11 points volatility was witnessed this week, with the market reaching the highest 2755 and the lowest 2671.89. NEPSE index gained 61.11 points (2.29%) in this trading week. Last Week market closed at 2674.35 points and this week closed at 2735.46 points 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. Values above moving average signals for bullishness. The golden cross signal was generated by the moving average on 21th of March 2021 is still Valid.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 73.73 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the positive zone.  The MACD line has crossed the Signal line above 0, this indicates a bullish signal. The 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

61.8% -2560

100% - 2676

161.8% - 2865


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

Pivot Point- 2720

1st Resistance- 2769                      1st Support- 2685

2nd Resistance- 2804                     2nd Support- 2636

3rd Resistance- 2846                      3rd Support- 2594

Conclusion: All major indicators are supporting the uptrend. The past resistance level of 2670 will work as major support for now.

Weekly Market Summary of NEPSE:

More than 4.75 crore unit shares worth Rs 23.39 Arba has been traded through 2.52 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,787,509.07 Million.

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

The NEPSE index increased by 2.28% this week. The top gainer sector of this week is the Development Bank sector with a rise of 8.16%.

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has the highest monthly Beta value of 2.71 followed by Prudential Insurance Company Limited (PICL) and General Insurance Company Nepal Limited (GIC) with 2.70 and 2.25 beta value respectively.

Top Ten Gainers of the week:  

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) is the top gainer of this week. NICLBSL closed at Rs. 1868 with Rs. 463 (32.95%) increment.

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


Top Ten Losers of the week:

National Hydro Power Company  Limited (NHPC) price has decreased by 5.81% and its LTP stands at Rs. 162.

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

Nepal Infrastructure Bank Limited (NIFRA) is the top traded company of the week. A total of Rs. 93.09 crores worth of NIFRA shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs 1.15 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 1.40 Arba.

Top Seller Brokers Top 10 Sold Companies:

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


Major Highlights of the week:

IPO Allotment Tomorrow: Lucky 37,916 Applicants Will Each be Awarded 10 Shares of Ru Ru Jalabidhyut

IPO Alert: CEDB Hydropower Development Company to Issue Shares to General Public

Molung Hydropower Initiates IPO Procedure; Things You Must Know About the Company

Rating Agency ICRA Nepal Rates Hathway Investment's Short-Term Loans

PM KP Sharma Oli urges non-resident Nepalis to invest in Nepal

Stay prepared for right offering from Excel Development Bank; bank appoints NIBL Ace Capital to float its 24.33 lakh unit right shares

These Two Bonds/ Debentures are Now Listed in NEPSE

How Did We Perform As a Nation in The First Eight Months of This Fiscal Year? A Quick Summary

Second Wave of Pandemic and Commercial Banks Still Slashing Interest Rates; Will NEPSE Benefit from Rising Liquidity?

Citizens Bank signs agreement with Kings Lounge; MoU to enable bank’s card users to receive attractive discount for lounge’s services

Prabhu Capital hands over computers to Chandika Basic School located in Pokhara; also provides 10 set computer CPU to an NGO

Nokia launches X-series, G-series and C-series globally; makes good come back in Nepalese market with great value for money smartphones

After a Massive $2.78 Billion Fine, Alibaba's Stock Rose Sharply Instead; This is Why

Amidst Talks of Eliminating Brokers from NEPSE's System, Stock Brokers' Association Delivers High Hopes and Promises

Ghalemdi Hydro Limited Calls 7th AGM; What are the Agendas?

Find the lists of loss, management expense, commission and combined ratio of non-life insurance companies

Kathmandu Marriott Hotel to bring into operation new Mediterranean restaurant; Tahina Terrace to welcome guests from April 13 with range of appealing services

Manakamana Cable Car to begin operation from Chaitra 30 after first stage renovation work; aims to transform cable car service to digital operation within next two years

Ghode Jatra observed amid fanfare in the capital city

Rastriya Beema Sansthan joins NCHL; to sinc its payment system with NCHL’s NPI to automate all kind of payments

CEO and AGM of NIC ASIA Bank receive Prabal Janasewa Shree medals from Rt. Honorable President; bank extends congratulations to both its executive staffs

Young industrialist Mr. Bikash Dugar receive Prabal Janasewi medal from President Bhandari; gets his entrepreneurial and social work skills recognized by the authority