NEPSE Concludes The Week With 1.98% Loss and Turnover of Rs 19.65 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,600.78, down 52.62 points (1.98%). The index closed at 2,653.40 last week, up 0.15% from the previous week.

This week, the index reached a high of 2,661.46 and a low of 2,592.67, resulting in a volatility of 68.79 points. The index had seen volatility of 70.75 points in the previous week.

The highest intraday loss was 26.29 points on Monday, with a turnover of Rs 3.55 Arba; however, the total turnover for the week stood at Rs 19.65 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 32.59. Meanwhile, the RSI reading on the weekly chart is 38.79.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -31.12.

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 2,585 level may serve as the nearest support, while the 2,675 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday loss was 26.29 points on Monday, with a turnover of Rs 3.55 Arba; however, the total turnover for the week stood at Rs 19.65 Arba. Over 4.49 Crore unit shares have been traded through 3,07,191 transactions this week. The current market capitalization of NEPSE is Rs. 4,468,683.35 million, i.e., Rs 44.68 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 Sopan Pharmaceuticals Limited (SOPL), CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL), and Bhujung Hydropower Limited (BJHL) with betas of 4.363, 4.095, and 3.545 respectively. 

Top Ten Gainers of the Week: