NEPSE Concludes The Week With 2.35% Loss and Turnover of Rs. 15.90 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

This week, the market traded for four trading days, as Friday was a public holiday of Janai Purnima.

The NEPSE Index closed at 2,557.31, down 61.41 points (2.35%). The index closed at 2,618.72 last week, down 0.95% from the previous week.

This week, the index reached a high of 2,620.13 and a low of 2,517.31, resulting in a volatility of 102.82 points. The index had seen volatility of 40.19 points in the previous week.

The highest intraday loss was 35.92 points on Wednesday, with a turnover of Rs 4.77 Arba; however, the total turnover for the week stood at Rs 15.91 Arba. 

Momentum Indicators

The RSI reading on the daily timeframe is 25.35. Meanwhile, the RSI reading on the weekly chart is 37.76.

Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -24.40.

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

The 2,480 level may serve as the nearest support, while the 2,740 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday loss was 35.92 points on Wednesday, with a turnover of Rs 4.77 Arba; however, the total turnover for the week stood at Rs 15.90 Arba. Over 4.28 Crore unit shares have been traded through 2,13,759 transactions this week. The current market capitalization of NEPSE is Rs. 4,398,915.85 million, i.e., Rs 43.98 Kharba.

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

The NEPSE index decreased by 2.35% this week. Only one sector index closed in the green.
 

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Everest Colour Limited (ECL), Mount Everest Power Development Limited (MEPDL), and Bottlers Nepal Limited (Balaju) (BNL) with betas of 3.862, 3.729, and 3.593, respectively. 

Top Ten Gainers of the Week:

Sarvottam Paints Industries Limited (SAPIL) is the top gainer. SAPIL closed at Rs. 1,394.80 with an increase of Rs. 597.20 (74.87%).
 

Top Ten Losers of the Week:

Rasuwagadhi Hydropower Company Limited (RHPL)'s price has decreased by 24.47%, and its LTP stands at Rs. 188.00.

All analyses are conducted using 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:

Makar Jitumaya Suri Hydropower Company Limited (MAKAR) is the top-traded company of the week. Rs. 1.00 Arba worth of MAKAR shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Co. Ltd. (Broker No.- 58) was the top buying broker and purchased stocks worth Rs. 1.06 Arba.

Top 10 Bought Companies by Top Buyer Brokers

Top Seller Brokers of the Week:

Dipshika Dhitopatra Karobar Co. Pvt. Limited (Broker No.- 38) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.37 Arba.

Top 10 Sold Companies by Top Seller Brokers:

All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.

 SSPro