NEPSE Concludes The Week With 1.55% Loss Amid Rs 17.17 Arba Turnover; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Mar 22, 2024 4:06 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, the NEPSE Index closed at 2048.57 after losing 32.30 points (1.55%). The index closed at 2,080.87 last week, gaining 1.68% from the previous week.

This week, the index went as high as 2,091.19 and as low as 2,045.33 hence witnessing volatility of 45.86 points. The index had seen volatility of 91.33 points in the previous week.

The highest intraday loss was 15.38 points on Thursday with a turnover of Rs 4.31 Arba, however, the total turnover stood at Rs 17.17 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 49.05. Meanwhile, the RSI reading on the weekly chart is 52.26.

Conversely, the MACD and Signal lines are moving toward the positive zone i.e., above zero with the MACD reading at 5.31.

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

2,000 zone may act as the nearest support whereas, the 2,180 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 15.38 points on Thursday with a turnover of Rs 4.31 Arba, however, the total turnover stood at Rs 17.17 Arba this week. Over 5.33 crore unit shares have been traded through 2,92,399 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,248,257.34 million i.e. Rs 32.48 Kharba.

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

The NEPSE index declined by 1.55% this week. Only three sector indices closed in green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Reliable Nepal Life Insurance Limited (RNLI), Himalayan Power Partner Limited (HPPL), and Dolti Power Company Ltd (DOLTI) with 1.722, 1.719, and 1.697 respectively.

Top Ten Gainers of the Week:

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) is the top gainer. DLBS closed at Rs. 1,408.00 with an increment of Rs. 418.00 (42.22%).

Top Ten Losers of the Week:

Bottlers Nepal Limited (Balaju) (BNL) price has decreased by 19.53% and its LTP stands at Rs. 16,615.00.

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:

Machhapuchchhre Bank Limited Promotor Share (MBLPO) is the top-traded company of the week. A total of Rs. 1.21 Arba worth of MBLPO shares were traded this week.