Most of the microfinance and non-life insurance companies rises this week; GBIME and NLIC traded most; Nerude Laghubitta rises by 20.9% (Weekly Wrap up)
Fri, Jan 31, 2020 1:45 PM on NEPSE News, Stock Market, Weekly Analysis, Featured,
NEPSE Index gained 27.91 points (2.15%) in the trading week between 26th January to 30th January, 2020. This week market opened at 1297.47 points and made a low of 1274.03 on Monday but closed at 1325.38 points on Thursday.
This week's market statistics:
Index Open- 1297.47 points Index Closed- 1325.38 points
Index High- 1331.83 points Index Low- 1274.03 points
Candlestick pattern:
This week, 3 green and 2 red candles were formed. Mostly, long body candles 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 Positive zone. Signal line have crossed the MACD line, this indicates a bearish 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: 1.30 arba
Support and resistance level for next trading week according to Pivot Point.
Pivot Point- 1310 point
1st Resistance- 1331 point 1st Support- 1288 point
2nd Resistance- 1345 point 2nd Support- 1274 point
3rd Resistance- 1367 point 3rd Support- 1253 point
Conclusion: All major indicators are supporting short term down fall. We can expect market trading between 1345 – 1260 range next week.
Weekly Market Summary of NEPSE
More than 1.62 crore unit shares of worth Rs 6.54 arba has been traded through 72.18 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,690,451.32 Million.
Sector-wise breakdown of the turnover of this week:
The micro finance sector made 26.88% of the total turnover this week followed by commercial banks sector with 23.70% 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 2.1%. Most of the indices increased this week. The top gainer sector of this week is micro finance sector with the rise of 9.51% followed by Non Life Insurance sector with rise of 8.48%.
All the analysis are done with the SS Pro Software. To know more about the software click on the link below
Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector
Saptakoshi Development Bank Limited (SAPDBL) has the highest monthly Beta value of 2.83 followed by Lumbini General Insurance Limited (LGIL) with 2.45 beta value.
Top Ten Gainers of the week:
Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) is the top gainer of the week. NLBBL closed at Rs 804 with Rs 139(20.9%) increment.
Top Ten Losers of the week:
Gurkhas Finance Limited (GUFL) price has decreased by 8.27% and its LTP stands at Rs 122.
Top Stocks by Turnover, Volume and Number of Transaction:
Global IME Bank Limited (GBIME) is the top traded company of the week. Total Rs 33.42 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 44.80 crores.
Top Buyer Brokers Top 10 Bought Companies:
Top Seller Broker of the Week:
Online Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 42.33 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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