NEPSE Concludes The Week With 0.15% Gain and Turnover of Rs 18.32 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,653.40, up 3.89 points (0.15%). The index closed at 2,649.51 last week, down 1.95 % from the previous week.

This week, the index reached a high of 2,673.14 and a low of 2,602.39, resulting in a volatility of 70.75 points. The index had seen volatility of 85.23 points in the previous week.

The highest intraday gain was 44.60 points on Wednesday, with a turnover of Rs 4.41 Arba; however, the total turnover for the week stood at Rs 18.32 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 38.63. Meanwhile, the RSI reading on the weekly chart is 42.91.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -27.88.

The Nepse Index is below both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index below the short moving average indicates earlier bearish sentiment.

The 2,585 level may serve as the nearest support, while the 2,785 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 44.60 points on Wednesday, with a turnover of Rs 4.41 Arba; however, the total turnover for the week stood at Rs 18.32 Arba. Over 4.35 Crore unit shares have been traded through 2,70,443 transactions this week. The current market capitalization of NEPSE is Rs. 4,559,094.85 million, i.e., Rs 45.59 Kharba.

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

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Bhujung Hydropower Limited (BJHL), Kutheli Bukhari Small Hydropower Limited (KBSH), and Sopan Pharmaceuticals Limited (SOPL) with betas of 4,647, 4.607, and 4.558 respectively. 

Top Ten Gainers of the Week: