NEPSE Concludes The Week With 2% Gain and Turnover of Rs 57.27 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The market traded for six days this week. The NEPSE Index closed at 2,837.78, up 55.60 points (2%). The index closed at 2,782.16 last week, down 5.69% from the previous week.

This week, the index reached a high of 2,866.63 and a low of 2,669.70, resulting in a volatility of 196.93 points. The index had seen volatility of 218.57 points in the previous week.

The highest intraday gain was 83.34 points on Monday, with a turnover of Rs 10.92 Arba; however, the total turnover for the week stood at Rs 57.27 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 53.83. Meanwhile, the RSI reading on the weekly chart is 58.28.

Conversely, the MACD is above zero, and the Signal line is in the Positive zone, i.e., with the MACD reading at 10.42.

The Nepse Index is above both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bullish sentiment.

The 2,650 level may serve as the nearest support, while the 2,960 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 83.34 points on Monday, with a turnover of Rs 10.92 Arba; however, the total turnover for the week stood at Rs 57.27 Arba. Over 14.16 Crore unit shares have been traded through 6,51,222 transactions this week. The current market capitalization of NEPSE is Rs. 4,824,532.17 million, i.e., Rs 48.24 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 Corporate Development Bank (CORBL), National Hydro Power Company Limited (NHPC), and Solu Hydropower Limited (SOHL), with betas of 2.320, 2.238, and 2.191, respectively. 

Top Ten Gainers of the Week: