Microfinance sector rallies this week; Womi Laghubitta rises by 42.33%; turnover increased by 76.63% (Weekly Wrap up)

Fri, Jan 10, 2020 1:04 PM on Featured, Stock Market, Weekly Analysis,

NEPSE Index gained 46.9 points (4.02%) in the trading week between 5th January to 9th January, 2020. This week market opened at 1166.21 points and made a high of 1223.66 on Wednesday but closed at 1213.11 points on Thursday.

Candlestick pattern:

This week, 4 green and 1 red candle were formed. 

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 negative zone. MACD line rises above the signal line, this indicates a bullish signal. Nepse index is likely to continue its upward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The Fibonacci retracement levels are

23.6% - 1160

38.2% - 1196

50% -    1225

61.8% - 1254

78.6% - 1296

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.

NEPSE Index is trading above 78.6% Fibonacci level. Trading below 61.8% indicates weight of bear is more than bull.

This week's market statistics:

Index Open- 1166.21 points                Index Closed- 1213.11 points

Index High- 1223.66 points                 Index Low- 1163.39 points

Turnover

 

Average Turnover of this week:  84.4 crores

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

Pivot Point- 1203 point

1st Resistance- 1243 point                1st support- 1183 point

2nd Resistance- 1263 point               2nd support- 1143 point

Conclusion:  All major indicators are supporting short term up trend. We can aspect market trading between 1180 - 1250 next week.

 

Weekly Market Summary of NEPSE

More than 1.46 crore unit shares of worth Rs 4.22 arba has been traded through 52.16 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,546,585.52 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 37.42% of the total turnover this week followed by Microfinance sector with 26.58% 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 4.02%. Most of the indices increased this week. The top gainer sector of this week is microfinance sector with the rise of 11.13% and top looser sector is trading.

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

Adhikhola Laghubitta Bittiya Sanstha Limited (AKBSL) has the highest monthly Beta value of 6.81 followed by Nirdhan Utthan Laghubitta (NUBL) with 3.73 beta value.

Top Ten Gainers of the week:  

Womi Laghubitta Bittiya Sanstha Limited (WOMI) is the top gainer of the week. WOMI closed at Rs 891 with Rs 265 (42.33%) increment.

Top Ten Losers of the week:

Nepal Finance Limited (NFS) price has decreased by 11.27% and its LTP stands at Rs 126. 

Top Stocks by Turnover, Volume and Number of Transaction:

Machhapuchchhre Bank Limited (MBL) was the top traded company of the week. Total Rs 26.57 crore worth of MBL shares were traded this week.

Top Buyers Brokers of the Week:

Dynamic Money Managers Securities (Broker No- 44) was the top buyer broker of this week and it has bought stocks of worth Rs 38.08 crores.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Online Securities (Broker No- 49) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 31.33 crores.

Top Seller Brokers Top 10 Sold Companies:

Top 10 Market Capitalization Companies: