NEPSE Concludes The Week With 0.25% Gain and Turnover of Rs 17.12 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,745.65, up 6.93 points (0.25%). The index closed at 2,738.72 last week, down 1.79% from the previous week.

This week, the index reached a high of 2,745.79 and a low of 2,684.62, resulting in a volatility of 61.17 points. The index had seen volatility of 103.95 points in the previous week.

The highest intraday gain was 27.49 points on Friday, with a turnover of Rs 3.28 Arba; however, the total turnover for the week stood at Rs 17.12 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 45.05. Meanwhile, the RSI reading on the weekly chart is 51.07.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -8.10.

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

The 2,650 level may serve as the nearest support, while the 2,870 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 27.49 points on Friday, with a turnover of Rs 3.28 Arba; however, the total turnover for the week stood at Rs 17.12 Arba. Over 3.91 Crore unit shares have been traded through 2,76,580 transactions this week. The current market capitalization of NEPSE is Rs. 4,682,860.03 million, i.e., Rs 46.82 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 Solu Hydropower Limited (SOHL), Super Khudi Hydropower Limited (SKHL), and Bhujung Hydropower Limited (BJHL) with betas of 4.703, 3.853, and 3.766, respectively. 

Top Ten Gainers of the Week: