NEPSE Concludes The Week With 2.13% Gain and Turnover of Rs 28.33 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The NEPSE Index closed at 2,734.60, up 57.06 points (2.13%). The index closed at 2,677.65 last week, up 2.95% from the previous week.

This week, the index reached a high of 2,754.08 and a low of 2,659.53, resulting in a volatility of 94.55 points. The index had seen volatility of 130.95 points in the previous week.

The highest intraday gain was 41.70 points on Monday, with a turnover of Rs 5.51 Arba; however, the total turnover for the week stood at Rs 28.33 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 62.70. Meanwhile, the RSI reading on the weekly chart is 51.87.

Conversely, the MACD is above zero, and the Signal line is in the Positive zone, i.e., with the MACD reading at 7.62.

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

The 2,670 level may serve as the nearest support, while the 2,780 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 41.70 points on Monday, with a turnover of Rs 5.51 Arba; however, the total turnover for the week stood at Rs 28.33 Arba. Over 6.23 Crore unit shares have been traded through 3,26,199 transactions this week. The current market capitalization of NEPSE is Rs. 4,699,609.35 million, i.e., Rs 46.99 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 Bhujung Hydropower Limited (BJHL), Shreenagar Agritech Industries Limited (SAIL), and Ridge Line Energy Limited (RLEL) with betas of 4.114, 3.952, and 3.533 respectively. 

Top Ten Gainers of the Week: