NEPSE Concludes The Week With 0.09% Loss and Turnover of Rs 7.60 Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Dec 1, 2023 3:35 PM on Stock Market, Weekly Analysis, SS Pro, Latest,

Part 1: Rundown and Technical Analysis

This week, NEPSE index closed at 1,858.53 after losing 1.67 points (0.09%). The index closed at 1,860.20 levels last week with a gain of 0.44% from the previous week.

This week, the index went as high as 1,926.12 and as low as 1,851.40 hence witnessing volatility of 74.72 points. The index had seen volatility of 55.96 points in the previous week.

The highest intraday gain was 47.75 points on Sunday with a turnover of Rs 2.01 Arba, however, the total turnover stood at Rs 7.60 Arba this week.



Momentum Indicators

The RSI reading on the daily timeframe is 43.82. Meanwhile, the RSI reading on the weekly chart is 40.35.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but the signal line has crossed the MACD line and the MACD line is below the signal line in the daily timeframe with the MACD reading at -11.80.

Nepse Index is below both its 5-day Moving Average and its 20-day Moving Average. This is a bearish signal but requires further confirmation.

1,807 – 1,837 zone may act as the nearest support whereas, the 1,925 – 1,945 zone will act as resistance. 

Part 2: Insight into Important Data

The highest intraday gain was 47.75 points on Sunday with a turnover of Rs 2.01 Arba, whereas the total turnover of the week stood at Rs. 7.60 Arba. More than 2.67 crore unit shares have been traded through 2,38,107 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,865,547.18 million i.e. Rs 28.6 Kharba.

NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)

The NEPSE index declined by -0.09% this week. Only three sector indices are closed in red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Buddha Bhumi Nepal Hydropower Company Limited (BNHC), Bhagawati Hydropower Development Company Limited (BGWT), and Peoples Hydropower Company Limited (PHCL) with 2.922, 2.802, and 2.663 respectively.

Top Ten Gainers of the Week:

Siddhartha Investment Growth Scheme-2 (SIGS2) is the top gainer. SIGS2 closed at Rs. 8.37 with an Rs. 1.17 (16.25%) increment.

Top Ten Losers of the Week:

Mountain Energy Nepal Limited ( MEN ) price has decreased by 13.44% and its LTP stands at Rs. 589.50.

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.


Top Stocks by Turnover, Volume, and Number of Transactions:

Sonapur Minerals and Oil Limited (SONA) is the top-traded company of the week. A total of Rs. 43.71 Crores worth of SONA shares were traded this week.

Top Buyers Brokers of the Week:

Dynamic Money Managers Securities Pvt. Ltd (Broker No- 44) was the top buyer broker this week and it bought stocks worth Rs. 45.58 Crores.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 44.01 Crores.

Top 10 Sold Companies:

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.