NEPSE Concludes The Week With 0.97% Gain and Turnover of Rs 17.75 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,758.49, up 26.55 points (0.97%). The index closed at 2,745.65 last week, down 0.50% from the previous week.

This week, the index reached a high of 2,764.14 and a low of 2,719.27, resulting in a volatility of 44.87 points. The index had seen volatility of 61.17 points in the previous week.

The highest intraday gain was 30.09 points on Wednesday, with a turnover of Rs 4.49 Arba; however, the total turnover for the week stood at Rs 17.75 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 50.23. Meanwhile, the RSI reading on the weekly chart is 52.11.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -11.86.

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 2,650 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 30.09 points on Wednesday, with a turnover of Rs 4.49 Arba; however, the total turnover for the week stood at Rs 17.75 Arba. Over 4.41 Crore unit shares have been traded through 2,49,405 transactions this week. The current market capitalization of NEPSE is Rs. 4,704,758.74 million, i.e., Rs 47.04 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 Salapa Bikas Bank Limited (SABBL), First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL), and SY Panel Nepal Limited (SYPNL) with betas of 3.973, 3.923, and 3.754, respectively. 

Top Ten Gainers of the Week: