NEPSE Concludes The Week With 0.66% Loss and Turnover of Rs. 18.85 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

This week, the market traded for Three trading days, as  Monday was closed due to data issue and Friday was a public holiday to mark Indra Jatra.

The NEPSE Index closed at 2,629.81, down 17.41 points (0.66%). The index closed at 2,647.22 last week, up 3.43% from the previous week.

This week, the index reached a high of 2,671.04 and a low of 2,605.32, resulting in a volatility of  65.72 points. The index had seen volatility of 123 points in the previous week.

The highest intraday gain was 11.78 points on Friday, with a turnover of Rs 5.44 Arba; however, the total turnover for the week stood at Rs 18.85 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 54.70. Meanwhile, the RSI reading on the weekly chart is 46.64.

Conversely, the MACD is above zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at 3.55.

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

The 2,570 level may serve as the nearest support, while the 2,750 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 11.78 points on Friday, with a turnover of Rs 5.44 Arba; however, the total turnover for the week stood at Rs 18.85 Arba. Over 6.04 Crore unit shares have been traded through 180,354 transactions this week. The current market capitalization of NEPSE is Rs. 4,523,617.26 million, i.e., Rs 45.23 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 Mailung Khola Jal Vidhyut Company Limited (MKJC), Sindhu Bikas Bank Limited (SINDU), and Rasuwagadhi Hydropower Company Limited (RHPL) with betas of 4.131, 3.61 and 3.553, respectively. 

Top Ten Gainers of the Week:

Top Ten Losers of the Week:

Snow Rivers Limited (SNORL)'s price has decreased by 14.95%, and its LTP stands at Rs. 899.00.

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

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

Himalayan Distillery Limited (HDL) is the top-traded company of the week. Rs. 96.07 Crores worth of HDL 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. 1.93 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. 1.30 Arba.

Top 10 Sold Companies by Top Seller Brokers:

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