Life and Non-Life Insurance sector rallies this week; NEPSE decline by 12.76 point; Global IME Bank traded most (Weekly Wrap Up)
Fri, Jan 24, 2020 4:57 PM on NEPSE News, Stock Market, Weekly Analysis, Featured,
NEPSE Index declined 12.76 points (0.97%) in the trading week between 19th January to 23rd January, 2020. This week market opened at 1310.23 points and close at low of 1297.47 points on Thursday.
This week's market statistics:
Index Open- 1310.23 points Index Closed- 1297.47 points
Index High- 1359.32 points Index Low- 1297.47 points
Candlestick pattern:
This week, 2 green and 3 red candles were formed. Mostly, long body candles were formed. Spinning Top candle was formed on Tuesday.
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 below 5 days EMA but above 20 days EMA. This indicates possibilities of short term down fall.
Moving Average Convergence and Divergence:
MACD line (blue) and the signal line (red line) are in Positive zone. MACD line rises above the signal line, this indicates a bullish signal. Since MACD line is converging to touch Signal line, need to wait for conformation till crossover.
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
23.6% - 1299
38.2% - 1262
50% - 1231
61.8% - 1200
78.6% - 1157
100% - 1100
Turnover
Average Turnover of this week: 1.70 Arba
Support and resistance level for next trading week according to Pivot Point.
Pivot Point- 1317 point
1st Resistance- 1341 point 1st Support- 1293 point
2nd Resistance- 1351 point 2nd Support- 1279 point
3rd Resistance- 1379 point 3rd Support- 1277 point
Conclusion: All major indicators are supporting short term down fall. We can expect market trading between 1330 – 1230 next week.
Weekly Market Summary of NEPSE
More than 2.51 crore unit shares of worth Rs 8.54 arba has been traded through 86.49 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,654,735.03 Million.
Sector-wise breakdown of the turnover of this week:
The commercial bank sector made 34.71% of the total turnover this week followed by Life Insurance sector with 16.46% 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 meager 0.97%. Most of the indices decreased this week. The top gainer sector of this week is Life Insurance sector with the rise of 7.67% and top looser sector is trading sector with fall of 8.88%.
All the analysis are done with the SS Pro Software. To know more about the software click on the link below
Top Ten Gainers of the week:
Multipurpose Finance Limited (MPFL) is the top gainer of the week. MPFL closed at Rs 148 with Rs 27 (22.31%) increment.
Top Ten Losers of the week:
Global IME Bank Limited promoter (GBIMEP) price has decreased by 31.79% and its LTP stands at Rs 118.
Top Stocks by Turnover, Volume and Number of Transaction:
Global IME Bank Limited (GBIME) was the top traded company of the week. Total Rs 80.62 crore worth of GBIME 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 65.20 crores.
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 64.74 crores.
Top Seller Brokers Top 10 Sold Companies:
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
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