Microfinance sector fell this week after continuous last two week rallies; Hydropower sector lost the most by 6.02%; Weekly Wrap up of the NEPSE index

Fri, Aug 9, 2019 3:52 PM on Featured, Stock Market, Weekly Analysis,

NEPSE Index movement:

The Index opened at 1263.84 points and closed at 1238.56 points with the loss of 25.28 points (2%). Market was bearish this week, index kept on losing points. On the first trading day the index was down by 4.20 points, on Monday index lost 4.55 points, on Tuesday index continues its fall thus, lost 9.36 points, on Wednesday index was up by 2.75 points and on Thursday index was down by 9.92 points. 

Candlestick pattern:

On a daily candlestick pattern, no specific pattern was observed and on the weekly basis, a type of bearish marubozu has observed.1238.56 is the lowest point and closing for this week. Bearish marubozu supports the downtrend.

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 both 5 days EMA and 20 days EMA. Value below moving average usually is bearish signal. Dead cross signal was generated by moving average on 29th of July,2019.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in negative zone. Histogram is also in negative zone which shows market could fall further in upcoming days.

Fibonacci retracement method:

Looking from low of 1102.32 to high of 1349.38, Fibonacci retracement shows major support of 50%   is at 1224 and 61.8% is at 1195 level.

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

Pivot Point- 1247 point

1st Resistance-1257 point                1st support-1228 point

2nd Resistance-1276 point               2nd support-1218 point

Conclusion: All major indicators are supporting for the downtrend.

Prediction: Low volatile downtrend.

 

This week's market statistics:

Index Open-1263.87 points                Index closed-1238.56 points

Index High- 1266.37 points                Index low- 1237.70 points

 

Weekly Market Summary of NEPSE

More than 74.38 lakhs unit shares of worth Rs 2.19 arba has been traded through 56,809 transactions this week compared to 74.81 lakhs unit of shares of worth Rs 2.08 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,567,426.60 Million.

  This week Last week Percentage Change
Total Turnover (Rs.) 2,191,387,636.00 2,086,215,671.00 5.04%
Total Traded Shares 7,438,848.00 7,481,445.00 -0.57%
Total No. of Transactions 56,809.00 32,269.00 76.05%
Market Cap at (In million Rs) 1,567,426.60 1,574,284.82 -0.44%
Floated Market Cap at (In million Rs) 562,441.89 561,899.39 0.10%
No of trading days 5 5  

The turnover has increased by 5.04% this week compared to last week. And also the total number of transactions increased by massive 76.05%.

Sector-wise breakdown of the turnover of this week:

The commercial bank sectors made 44.86% of the total turnover this week. The turnover in the commercial bank sector decreased by 19.47% compared to last week.

Microfinance sector weightage fell to 18.97% of the total turnover this week which was  24.37% last week. 

Sector This Week (Aug 4-8) Last Week (July 28-Aug 2)
Turnover (Rs in Millions) Weightage Turnover (Rs in Millions) Weightage
Commercial Banks 983.08 44.86% 822.82 39.44%
Microfinance 415.6 18.97% 508.33 24.37%
Hydro Power 260.6 11.89% 104.89 5.03%
Development Banks 142.89 6.52% 101.4 4.86%
Promotor Shares 96.65 4.41% 166.58 7.98%
Life Insurance 90.23 4.12% 86.62 4.15%
Non Life Insurance 65.45 2.99% 147.85 7.09%
Manu. And Processing 58.09 2.65% 75.06 3.60%
Others 31.16 1.42% 25.33 1.21%
Finance 23.3 1.06% 19.49 0.93%
Hotels 15.94 0.73% 11.28 0.54%
Mutual Fund 7.34 0.33% 16 0.77%
Tradings 1.07 0.05% 0.57 0.03%

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

The NEPSE index declined by 2%. Majority of the indices end the week with the loss. Top looser sector of this week is hydropower sector with the massive decrement of 6.02%.

The top gainer of the week is the trading sector with 1.27% rise.

Index This Week Last Week % Change Index
NEPSE 1,238.56 1,263.84 -2.00%
Sensitive 268 272.53 -1.66%
Float 91.06 92.97 -2.05%
Sensitive Float 85.14 86.54 -1.62%
Banking  1,118.03 1,136.29 -1.61%
Development Bank 1,595.07 1,616.90 -1.35%
Finance 620.77 630.96 -1.61%
Hotels 2,030.80 2,066.66 -1.74%
HydroPower 1,111.54 1,182.77 -6.02%
Life Insu 5,842.77 5,894.31 -0.87%
Manufacturing And Processing 2,576.08 2,652.89 -2.90%
Microfinance 1,523.99 1,569.65 -2.91%
Mutual Fund 9.94 10.08 -1.39%
Non Life Insurance 4,958.09 5,073.53 -2.28%
Others 709.36 718.39 -1.26%
Trading 257.84 254.61 1.27%

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

The table below shows the list:

SN Stock Symbol LTP Monthly Beta Sector
1 SDESI 610 3.99 Microfinance
2 GMFBS 580 3.9 Microfinance
3 SLBSL 634 3.67 Microfinance
4 NMFBS 1,485 3.57 Microfinance
5 MLBBL 492 3.55 Microfinance
6 LLBS 760 3.4 Microfinance
7 SPARS 610 3.37 Microfinance
8 NAGRO 852 3.3 Microfinance
9 SLBBL 554 3.29 Microfinance
10 NADEP 463 3.19 Microfinance

Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has the highest monthly Beta value of 3.99 followed by the Ganapati Microfinance Bittiya Sanstha Limited (LLBS) with 3.9 beta value.

All the companies of the top ten beta value belong to the microfinance sector.

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 Gainers of the week:  

Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) is the top gainer of the week. SMFBS closed at Rs 780 with Rs 59 (8.18%) decrement.

S.N. Symbol Open Price (Rs.) Closing Price (Rs.) Change (Rs.) Change (%)
1 SMFBS 721 780 59 8.18
2 NAGRO 789 852 63 7.98
3 STC 493 527 34 6.9
4 SLBBL 520 554 34 6.54
5 GLICL 452 477 25 5.53
6 GMFIL 125 130 5 4
7 MSMBS 503 523 20 3.98
8 NLBBL 554 570 16 2.89
9 RRHP 105 108 3 2.86
10 CEFL 105 107 2 1.9

Top Ten Losers of the week:

S.N. Symbol Open Price (Rs.) Closing Price (Rs.) Change (Rs.) Change (%)
1 SLBSL 737 634 -103 -13.98
2 CLBSL 586 510 -76 -12.97
3 ILBS 533 469 -64 -12.01
4 NSEWA 510 459 -51 -10
5 GBLBS 410 371 -39 -9.51
6 GILB 765 700 -65 -8.5
7 GMFBS 633 580 -53 -8.37
8 NADEP 504 463 -41 -8.13
9 ALBSL 515 475 -40 -7.77
10 SPARS 660 610 -50 -7.58

Top Stocks by Turnover and Top Number of Transaction:

Agricultural Development Bank Limited (ADBL) was the top traded company of the week. More than Rs 17.28 crore worth of ADBL shares were traded this week.

S.N. Top Turnover Top No of Transaction
Symbol Turnover (Rs.) Symbol Trans (No)
1 ADBL 172,869,201 SJCL 12,780
2 NBL 160,995,710 RHPL 12,750
3 RHPL 99,023,711 ILBS 1,547
4 NCCB 74,100,841 UPPER 1,140
5 PRVU 66,003,645 NBL 1,094
6 NICA 55,688,376 ADBL 1,024
7 SJCL 52,837,236 NCCB 764
8 SHIVM 49,060,487 ALBSL 746
9 MNBBL 48,832,394 SMFBS 721
10 NABIL 42,075,527 GBLBS 682

Nepal Bank Limited (NBL) was the second top traded company of the week with Rs 16.09 crore transaction amount.

Top Buyers Brokers of the Week:

Vision Securities Pvt. Limited  (Broker No- 34) was the top Buyer broker of this week and it has bought stocks of worth Rs 15.55 crores.

S.N. Broker No. Broker Name Buy Amount (Rs.)
1 34 Vision Securities Pvt.Limited 155,532,263.02
2 58 Naasa Securities Co. Ltd. 117,433,571.30
3 6 Agrawal Securities Pvt. Limited 104,060,358.30
4 17 ABC Securities Pvt. Limited 98,448,770.00
5 49 Online Securities Pvt.Ltd 95,737,948.00
6 44 Dynamic Money Managers Securities Pvt.Ltd 89,091,407.00
7 14 Nepal Stock House Pvt. Limited 87,175,496.00
8 4 Opal Securities Investment Pvt. Limited 80,110,334.00
9 39 Sumeru Securities Pvt.Limited 78,279,088.00
10 45 Imperial Securities Co .Pvt.Limited 74,913,603.30

Top Seller Broker of the Week:

Vision Securities Pvt. Limited. (Broker No- 34) was also the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 16.58 crores.

S.N. Broker No. Broker Name Sell Amount (Rs.)
1 34 Vision Securities Pvt.Limited 165,826,968.01
2 49 Online Securities Pvt.Ltd 103,175,771.00
3 58 Naasa Securities Co. Ltd. 102,956,587.00
4 4 Opal Securities Investment Pvt. Limited 98,207,841.00
5 17 ABC Securities Pvt. Limited 92,759,228.77
6 44 Dynamic Money Managers Securities Pvt.Ltd 71,899,456.90
7 45 Imperial Securities Co .Pvt.Limited 69,260,928.00
8 38 Dipshika Dhitopatra Karobar Co. Pvt.Limited 67,723,181.00
9 50 Crystal Kanchenjunga Securities Pvt.Ltd 64,628,706.00
10 57 Araya Tara Investment And Securities Pvt. Ltd. 63,709,238.30

Top 10 companies in terms of highest Market Capitalization:

S. No. Symbol Capitalization (Rs. In Million)
1 NTC 103,050.00
2 NABIL 71,137.92
3 NIB 64,065.21
4 EBL 52,415.42
5 SCB 52,074.30
6 NLIC 47,981.48
7 HBL 46,691.00
8 NICA 39,665.69
9 ADBL 38,856.93
10 SBI 38,021.63