Microfinance sector is booming; Nepal Bank traded the most;  Weekly Wrap up of the NEPSE index

NEPSE index movement:

The index opened at 1276.29 points and closed at 1269.92 points with the loss of 6.37 points (0.49%).

The candlestick chart of the weekly time-period is shown below;

The NEPSE index has formed a bearish candle this week.  No special pattern was observed this week.

There is a slight increment in the turnover compared to last week.

NEPSE Chart Analysis:

This week, the index has formed three bullish candles and two bearish candles respectively.

NEPSE index has gained steadily after the first trading day this week along with the gain in a turnover on a daily basis.

The Monetary Policy for the fiscal year 2076/2077 announced on Wednesday, and the very next day the Market reacted negatively on that though many stock market experts are in favor of the monetary policy. 

Thursday’s candle could not go single point above the opening value and closed just above the lowest point of the day which means Thursday’s market was entirely dominated by the sellers.

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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Weekly Market Summary of NEPSE

More than 71.92 lakhs unit shares of worth Rs 1.97 arba has been traded through 27 thousand transactions this week compared to 85.99 lakhs unit of shares of worth Rs 1.90 arba, last week. The current market capitalization of NEPSE stands at Rs. 1,581,188.31 Million.

The turnover has increased by 4.03% this week compared to last week. However, the total traded shares decreased by 16.35%.

Sector-wise breakdown of the turnover of this week:

The commercial bank sectors made 52% of the total turnover this week.  The turnover in the commercial bank sector increased by 9% compared to last week.

Microfinance and Life Insurance sector makes around 19% of the total turnover this week.

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

The NEPSE index declined by 0.20%. Majority of the indices end the week with the loss. Top loser sector of this week is Mutual Fund Sector with the decrement of 2.27%.

The top gainer of the week is the Microfinance sector with 2.10%.

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

The table below shows the list:

Janautthan Samudayic Laghubitta Bikas Bank Limited (JSLBB) has the highest monthly Beta value of 3.74 followed by the Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) with 3.39 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

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Top Ten Gainers of the week:  

Ganapati Microfinance Bittiya Sanstha Limited (GMFBS) is the top gainer of the week. GMFBS closed at Rs 518 with Rs 64 (14.1%) increment.

Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) price has increased by Rs 43 (9.09%), this week.

Top Ten Losers of the week:

Life Insurance Corporation Nepal Limited (LICN) price has decreased by 26.53% (LICN Price has adjusted for 34.53% bonus share this week).

LICN's stock opened at Rs 1602 and closed at Rs 1177.

Union Hydropower Company Limited (UNHPL) lost 25.44% (Rs 29) this week.

Top Stocks by Turnover:

Nepal Bank Limited (NBL) was the top traded company of the week. More than Rs 13.75 crore worth of NBL shares were traded this week.

Agricultural Development Bank Limited (ADBL) is the second top traded company of the week with Rs 12.76 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 11.88 crores.

Top Seller Broker of the Week:

Opal Securities Investment Pvt. Limited. (Broker No- 4) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 10.99 crores.

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

SS Pro