NEPSE Concludes The Week With 0.57% Loss and Turnover of Rs. 12.96 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

This week, the market traded for four days, as Friday was a public holiday for Krishna Janmashtami.

The NEPSE Index closed at 2,542.77, down 14.54 points (0.57%). The index closed at 2,557.31 last week, down 2.35% from the previous week.

This week, the index reached a high of 2,556.96 and a low of 2,501.49, resulting in a volatility of 55.47 points. The index had seen volatility of 102.82 points in the previous week.

The highest intraday loss was 43.89 points on Monday, with a turnover of Rs 3.64 Arba; however, the total turnover for the week stood at Rs 12.96 Arba. 

 

Momentum Indicators

The RSI reading on the daily timeframe is 31.43. Meanwhile, the RSI reading on the weekly chart is 36.75.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -34.52.

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

The 2,480 level may serve as the nearest support, while the 2,670 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday loss was 43.89 points on Monday, with a turnover of Rs 3.64 Arba; however, the total turnover for the week stood at Rs 12.96 Arba. Over 3.63 Crore unit shares have been traded through 1,96,843 transactions this week. The current market capitalization of NEPSE is Rs. 4,373,904.59 million, i.e., Rs 43.73 Kharba.

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

The NEPSE index decreased by 0.57% this week. Only four sector indices closed in the green.
 

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Mailung Khola Jal Vidhyut Company Limited (MKJC), Rasuwagadhi Hydropower Company Limited (RHPL), and Mount Everest Power Development Limited (MEPDL) with betas of 6.866, 6.307, and 6.025, respectively. 

Top Ten Gainers of the Week:

Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) is the top gainer. ULBSL closed at Rs. 2,926.00 with an increase of Rs. 518.00 (21.51%).
 

Top Ten Losers of the Week:

Pure Energy Limited (PURE)'s price has decreased by 13.80%, and its LTP stands at Rs. 662.00.

All analyses are conducted using 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:

Reliance Spinning Mills Limited (RSML) is the top-traded company of the week. Rs. 66.78 crore worth of RSML shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Co. Ltd. (Broker No.- 58) was the top buying broker and purchased stocks worth Rs. 1.00 Arba.

Top 10 Bought Companies by Top Buyer Brokers

Top Seller Brokers of the Week:

Naasa Securities Co. Limited (Broker No.- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 79.35 Crores.

Top 10 Sold Companies by Top Seller Brokers:

All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.

 SSPro