NEPSE Concludes The Week With 0.55% Gain and Turnover of Rs 50.41 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,655.38 after gaining 14.42 points (0.55%). The index closed at 2,640.96 last week, losing 1.93% from the previous week.

This week, the index went as high as 2,686.45 and as low as 2,626.39 hence witnessing volatility of  60.06 points. The index had seen volatility of 91.30 points in the previous week.

The highest intraday gain was 25.08 points on Tuesday with a turnover of Rs 10.16 Arba, however, the total turnover stood at Rs 50.41 Arba this week.

 

Momentum Indicators

The RSI reading on the daily timeframe is 48.84. Meanwhile, the RSI reading on the weekly chart is 49.73.

Conversely, the MACD and Signal lines are in the middle zone i.e., with the MACD reading at -0.25.

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

2,600 - 2,560 level may act as the nearest support whereas, the 2,730 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 25.08 points on Tuesday with a turnover of Rs 10.16 Arba; however, the total turnover stood at Rs 50.41 Arba this week. Over 11.18 crore unit shares have been traded through 4,31,820 transactions this week. The current market capitalization of NEPSE is Rs. 4,423,037.19 million, i.e., Rs 44.23 Kharba.

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

The NEPSE index increased by 0.55% this week. Only seven sector indices are closed in the red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Green Development Bank Limited (GRDBL), Sindhu Bikas Bank Limited (SINDU), and Manakamana Engineering Hydropower Limited (MEHL), with 3.693, 3.574, and 3.169, respectively. 

Top Ten Gainers of the Week:

Pure Energy Limited (PURE) is the top gainer. PURE closed at Rs. 824.70 with an increment of Rs. 312.40 (60.98%).
 

Top Ten Losers of the Week:

Om Megashree Pharmaceuticals Limited (OMPL)'s price has decreased by 17.23%, and its LTP stands at Rs. 1,497.54. 

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

SSpro

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

Radhi Bidyut Company Limited (RADHI) is the top-traded company of the week. Rs. 2.97 Arba worth of RADHI shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Company Limited (Broker No. 58) was the top buyer broker and bought stocks worth Rs. 3.06 Arba.

Top 10 Bought Companies by Top Buyer Brokers:

Top Seller Brokers of the Week:

Naasa Securities Company Limited (Broker No.- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 3.09 Arba.

Top 10 Sold Companies by Top Seller Brokers:

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

 SSPro