Kamana Sewa Bikas Bank rises by 31.41%; Development Bank sector remains top gainer; Hydropower sector traded most (Weekly Wrap Up)

Fri, Oct 2, 2020 10:45 AM on Stock Market, Weekly Analysis, Featured,

NEPSE index gained 9.77 points (0.63%) in the trading week between September 27 to October 1, 2020. Last Week market closed at 1561.27 and this week closed at 1571.04 points on Thursday. 32.86 points volatility was witnessed this week, with the market reaching the highest 1575.43 and the lowest 1542.57.

Candlestick pattern:

This week, 1 green and 4 red candles were formed. Mostly, small body candles were formed, this week.

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 is above the MACD line, Signal line has crossed the MACD line, this indicates a bearish signal.

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 2.28 arba

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

Pivot Point- 1562 point

1st Resistance- 1583 point                1st Support- 1540 point

2nd Resistance- 1595 point               2nd Support- 1529 point

3rd Resistance- 1628 point              3rd Support- 1496 point

Conclusion: Most of the indicators are in favor of low volatility. The market may be trading in 1490 -1640 range this week.

Weekly Market Summary of NEPSE:

More than 5.22 crore unit shares of worth Rs 11.41 arba has been traded through 1.89 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,093,149.21 Million.

Sector-wise breakdown of the turnover of this week:

The hydropower sector made 27.14% of the total turnover this week followed by the commercial banks' sector with 26.60% 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 a meager 0.63% this week. The top looser sector of this week is the trading sector with a fall of 2.95% followed by the other Sector with a fall of 0.63%. The development bank sector rises by 6.25% this week.

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

Reliance Life Insurance Limited (RLI) has the highest monthly Beta value of 3.73 followed by Shree Investment and Finance Limited (SIFC) and Saptakoshi Development Bank Limited (SAPDBL) with 3.47 and 3.45 beta value respectively.

Top Ten Gainers of the week:  

Kamana Sewa Bikas Bank Limited (KSBBL) is the top gainer of this week. KSBBL closed at Rs 205 with Rs 49 (31.41%) 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:

Citizens Mutual Fund - 1 (CMF1) price has decreased by 8.75% and its LTP stands at Rs 10.11.

* 15% cash dividend-adjusted in the price of CMF1 this week

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

Soaltee Hotel  Limited (SHL) is the top traded company of the week. A total Rs 50.28 crore worth of SHL 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 82.93 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 worth Rs 98.81 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