Nepal Bank and Shivam Cements was traded the most this week; Kanchan Dev. Bank gains 23.24%; both total turnover and transaction rises (Weekly Wrap Up)

Fri, Dec 27, 2019 12:51 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index gained 17.77 points (1.55%) in the trading week between 22nd December to 26th December. This week market opened at 1149.70 points and made a high of 1176.70 on Tuesday but closed at 1176.70 points on last trading day.

Candlestick pattern:

Last 3 consecutive day, long head n small body candles were formed, indicating 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). NEPSE Index is above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone. MACD line and signal line both are in bullish zone. This indicates possibility of continuation of upward momentum.

Fibonacci retracement method:

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- 1149.64 points                Index Closed- 1167.41 points

Index High- 1176.70 points                 Index Low- 1164.85 points

Turnover

 

Average Turnover of this week:  crores

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

Pivot Point- 1169 point

1st Resistance- 1174 point                1st support- 1162 point

2nd Resistance- 1181 point               2nd support- 1157 point

Conclusion:  Market may be trading between 1150 - 1180 this week.

 

Weekly Market Summary of NEPSE

More than 85.95 lakhs unit shares of worth Rs 2.81 arba has been traded through 35.36 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,482,941.85 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 39.82% of the total turnover this week followed by manufacturing and processing sector with 12.93% 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 1.55%. All the indices increased this week except hydropower and mutual fund sector. The top looser sector of this week is mutual fund sector with the fall of 0.54%.

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

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has the highest monthly Beta value of 6.48 followed by Nirdhan Utthan Laghubitta (NUBL) with 5.74 beta value.

Top Ten Gainers of the week:  

Kanchan Development Bank Limited (KADBL) is the top gainer of the week. KADBL closed at Rs 228 with Rs 43 (23.24%) increment.

Top Ten Losers of the week:

Surya Life Insurance Company Promoter Share (SLICLP) price has decreased by 45.26% and its LTP stands at Rs 156. 

Top Stocks by Turnover, Volume and Number of Transaction:

Nepal Bank Limited (NBL) was the top traded company of the week. Total Rs 32.99 crore worth of NBL shares were traded this week.

Top Buyers Brokers of the Week:

Dynamic Money Managers (Broker No- 44) was the top buyer broker of this week and it has bought stocks of worth Rs 22.02 crores.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Dakshinkali Investment Securities (Broker No- 33) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 25.87 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

SS Pro