Microfinance sector rallies this week by 7.52%; Nepal Seva Laghubitta gain 20%; Shivam Cements traded most (Weekly Wrap up)

Fri, Feb 14, 2020 1:46 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index gained 10.90 points (0.82%) in the trading week between 9th February to 13th February, 2020. This week market opened at 1333.69 points and made a low of 1316.10 on Sunday but close at 1316.10 points on Thursday.

This week's market statistics:

Index Open- 1333.69 points                Index Closed- 1344.59 points

Index High- 1354.88 points                 Index Low- 1316.10 points

Candlestick pattern:

This week, 3 green and 2 red candles were formed. Spinning Top Candle was formed on Wednesday and Thursday. Shooting Star indicates a potential price top and reversal.

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. Golden cross signal was generated by moving average on 5th of December,2019.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone.  Signal line have crossed the MACD line, this indicates a bearish signal. Histogram is also in negative zone. Overall MACD is indicating downward 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

23.6% - 1299

38.2% - 1262

50% - 1231

61.8% - 1200

78.6% - 1157

100% - 1100

Turnover

Average Turnover of this week: Rs 1.34 arba

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

Pivot Point- 1310 point

1st Resistance- 1352 point                1st Support- 1323point

2nd Resistance- 1361 point               2nd Support- 1314 point

3rd Resistance- 1376 point              3rd Support- 1300 point

Conclusion:  NEPSE is in consolidation phase. Enter the market after the breakout of resistance 1350.

Weekly Market Summary of NEPSE

More than 1.66 crore unit shares of worth Rs 6.69 arba has been traded through 70.83 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,715,727.10 Million.

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

The NEPSE index increased by 0.82%. Most of the indices increased this week. The top gainer sector of this week is micro finance sector with the rise of 7.52% followed by Manufacturing sector with rise of 5.07%.

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

SS Pro

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

Janaki Finance Limited (JFL) has the highest monthly Beta value of 2.82 followed by Prabhu Insurance Company Limited (PRIN) with 2.75 beta value.

Top Ten Gainers of the week:  

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) is the top gainer of the week. NSEWA closed at Rs 840 with Rs 140 (20%) increment.

Top Ten Losers of the week:

Khani Khola Hydropower Compnay Limited (KKHC) price has decreased by 8.47% and its LTP stands at Rs 54.

Top Stocks by Turnover, Volume and Number of Transaction:

Shivam Cements Limited (SHIVM) is the top traded company of the week. Total Rs 50.67 crore worth of SHIVM shares were traded this week.

Top Buyers Brokers of the Week:

Online Securities (Broker No- 49) was the top buyer broker of this week and it has bought stocks of worth Rs 34.70 crores.

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 of worth Rs 34.43 crores.

Top Seller Brokers Top 10 Sold Companies:

 

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

SS Pro