NEPSE Concludes The Week With 1.79% Loss and Turnover of Rs 21.18 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The market traded for four days this week, as Friday was a public holiday.

 The NEPSE Index closed at 2,738,72, down 49.98 points (1.79%). The index closed at 2,788.70 last week, down 1.75% from the previous week.

This week, the index reached a high of 2,812.29 and a low of 2,708.34, resulting in a volatility of 103.95 points. The index had seen volatility of 86.61 points in the previous week.

The highest intraday loss was 26.17 points on Monday, with a turnover of Rs 4.91 Arba; however, the total turnover for the week stood at Rs 21.18 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 40.46. Meanwhile, the RSI reading on the weekly chart is 50.57.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -10.71.

The Nepse Index is below both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index below the 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 loss was 26.17 points on Monday, with a turnover of Rs 4.91 Arba; however, the total turnover for the week stood at Rs 21.18 Arba. Over 4.80 Crore unit shares have been traded through 4,16,792 transactions this week. The current market capitalization of NEPSE is Rs. 4,671,024.81 million, i.e., Rs 46.71 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 National Hydro Power Company Limited (NHPC), Solu Hydropower Limited (SOHL), and Ridi Power Company Limited (RIDI) with betas of 2.657, 2.58, and 2.406, respectively. 

Top Ten Gainers of the Week: