NEPSE Concludes The Week With 1.68% Loss Amid Rs 11.61 Arba Turnover; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Mar 1, 2024 4:48 PM on Stock Market, Weekly Analysis, SS Pro, Latest,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, NEPSE Index closed at 1,972.09 after losing 33.74 points (1.68%). The index closed at 2,005.83 last week, losing 2.73% from the previous week.

This week, the index went as high as 2,011.64 and as low as 1,970.42 hence witnessing volatility of 41.22 points. The index had seen volatility of 60.45 points in the previous week.

The highest intraday loss was 28.68 points on Thursday with a turnover of Rs 2.59 Arba, however, the total turnover stood at Rs 11.61 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 32.47. Meanwhile, the RSI reading on the weekly chart is 46.42.

Conversely, the MACD and Signal lines are both moving toward the negative zone i.e., below zero with the MACD reading at -23.97.

Nepse Index is below both the 5-day and 20-day Moving Average making a dead cross pattern.

1,925 – 1,950 zone may act as the nearest support whereas, the 2,100 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 28.68 points on Thursday with a turnover of Rs 2.59 Arba, however, the total turnover stood at Rs 11.61 Arba this week. Over 3.23 crore unit shares have been traded through 2,52,799 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,099,862.02 million i.e. Rs 30.99 Kharba.

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

The NEPSE index declined by 1.68% this week. Two sectors indices closed in green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Gurans Laghubitta Bittiya Sanstha Limited (GLBSL), Joshi Hydropower Development Company Limited (JOSHI), and Three Star Hydropower Limited (TSHL) with 4.307, 3.243, and 3.127 respectively.

Top Ten Gainers of the Week:

Bottlers Nepal Limited (Balaju) (BNL) is the top gainer. BNL closed at Rs. 21,605.10 with an increment of Rs. 8,189.90 (61.05%).

Top Ten Losers of the Week:

Samaj Laghubitta Bittiya Sanstha Limited's (SAMAJ) price has decreased by 20.93% and its LTP stands at Rs. 1,720.70.

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:

Sonapur Minerals and Oil Limited (SONA) is the top-traded company of the week. A total of Rs. 52.25 crore worth of SONA shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Co. Ltd (Broker No- 58) was the top buyer broker and bought stocks worth Rs. 66.00 crore.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 65.42 crore.

Top 10 Sold Companies: