NEPSE Concludes The Week With 0.96% Loss and Turnover of Rs 26.94 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,755.41, down 26.69 points (0.96%). The index closed at 2,782.10 last week, up 0.86% from the previous week.

This week, the index reached a high of 2,799.15 and a low of 2,745.20, resulting in a volatility of 53.95 points. The index had seen volatility of 39.39 points in the previous week.

The highest intraday gain was 22.21 points on Tuesday, with a turnover of Rs 5.26 Arba; however, the total turnover for the week stood at Rs 26.94 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 48.05. Meanwhile, the RSI reading on the weekly chart is 51.53.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -0.08.

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 2,650 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 22.21 points on Tuesday, with a turnover of Rs 5.26 Arba; however, the total turnover for the week stood at Rs 26.94 Arba. Over 6.16 Crore unit shares have been traded through 2,94,462 transactions this week. The current market capitalization of NEPSE is Rs. 4,701,282.07 million, i.e., Rs 47.01 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 First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL), Super Khudi Hydropower Limited (SKHL), and Hotel Forest Inn Limited (HFIN) with betas of 4.430, 3.837, and 3.823, respectively. 

Top Ten Gainers of the Week: