NEPSE Concludes The Week With 2.73% Loss Amid Rs 12.33 Arba Turnover; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Feb 23, 2024 10:20 PM on Stock Market, Weekly Analysis, SS Pro,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, the market traded for four days only as Monday was a public holiday. NEPSE Index closed at 2,005.83 after losing 56.20 points (2.73%). The index closed at 2,062.03 last week, losing 1.64% from the previous week.

This week, the index went as high as 2,061.08 and as low as 2,000.63 hence witnessing volatility of 60.45 points. The index had seen volatility of 52.91 points in the previous week.

The highest intraday loss was 27.21 points on Sunday with a turnover of Rs 3.77 Arba, however, the total turnover stood at Rs 12.33 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 34.83. Meanwhile, the RSI reading on the weekly chart is 49.05.

Conversely, the MACD and Signal lines are both moving toward the negative zone i.e., below zero with the MACD reading at -11.55.

Nepse Index is below both the 5-day and 20-day Moving Average making a dead cross pattern.

1,925 – 1,950 zone may act as the nearest support whereas, the 2,100 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 27.21 points on Sunday with a turnover of Rs 3.77 Arba, however, the total turnover stood at Rs 12.33 Arba this week. Over 3.59 crore unit shares have been traded through 3,10,103 transactions this week. The current market capitalization of NEPSE stands at Rs. 31,53,000.65 million i.e. Rs 31.53 Kharba.

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

The NEPSE index declined by 2.73% this week. Only one sector index closed in green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Gurans Laghubitta Bittiya Sanstha Limited (GLBSL), Vision Lumbini Urja Company Limited (VLUCL), and Panchthar Power Company Limited (PPCL) with 4.048, 3.087, and 3.014 respectively.

Top Ten Gainers of the Week:

Sana Kisan Laghubitta Bittiya Sanstha Limited Promoter Share (SKBBLP) is the top gainer. SKBBLP closed at Rs. 351 with an increment of Rs. 251 (251%).

Top Ten Losers of the Week:

Kamana Sewa Bikas Bank Limited Promoter Share (KSBBLP) price has decreased by 41.71% and its LTP stands at Rs. 102.

All the analysis is done with 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:

Himalayan Reinsurance Limited (HRL) is the top-traded company of the week. A total of Rs. 98.63 crore worth of HRL shares were traded this week.

Top Buyers Brokers of the Week:

This week, Naasa Securities Co. Ltd (Broker No- 58) was the top buyer broker and bought stocks worth Rs. 73.64 crore.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 82.90 crore.

Top 10 Sold Companies: