NEPSE Concludes The Week With 3.86% Gain and Turnover of Rs 20.20 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis

The market traded for four days this week as Monday was a public holiday of Chhat Parba.

The NEPSE Index closed at 2,600.38 after gaining 96.53 points (3.86%). The index closed at 2,503.85 last week, up 0.67 % from the previous week.

This week, the index reached a high of 2,605.50 and a low of 2,469.37, resulting in a volatility of 136.13 points. The index had seen volatility of 24.18 points in the previous week.

The highest intraday gain was 62.30 points on Tuesday, with a turnover of Rs 4.57 Arba; however, the total turnover for the week stood at Rs 20.20 Arba.

 

Momentum Indicators

The RSI reading on the daily timeframe is 48.67. Meanwhile, the RSI reading on the weekly chart is 46.27.

Conversely, the MACD and Signal lines are in the Negative zone, i.e., with the MACD reading at -46.14.

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

The 2,440-2,480 level may serve as the nearest support, while the 2,690 zone will act as a major resistance zone.

Part 2: Insight into Important Data

The highest intraday gain was 62.30 points on Tuesday, with a turnover of Rs 4.57 Arba; however, the total turnover for the week stood at Rs 20.20 Arba. Over 5.23 Crore unit shares have been traded through 1,78,592 transactions this week. The current market capitalization of NEPSE is Rs. 4,347,161.31 million, i.e., Rs 43.47 Kharba.

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

The NEPSE index increased by 3.86% this week. All sector indices are closed in the green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Butwal Power Company Limited (BPCL), NRN Infrastructure and Development Limited (NRN), and Sindhu Bikas Bank Limited (SINDU) with 2.066, 1.874, and 1.830, respectively. 

Top Ten Gainers of the Week:

Radhi Bidyut Company Limited (RADHI) is the top gainer. NMIC closed at Rs. 767 with an increment of Rs. 128 (20.03%).
 

Top Ten Losers of the Week:

Taragaon Regency Hotel Limited (TRH)'s price has decreased by 9.55%, and its LTP stands at Rs. 720. 

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 Bank Limited Promoter (HBLPO) is the top-traded company of the week. Rs. 1.66 Arba worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

This week, Vision Securities Company Limited (Broker No.- 34) was the top buyer broker and bought stocks worth Rs. 2.42 Arba.

Top 10 Bought Companies by Top Buyer Brokers:

Top Seller Brokers of the Week:

Trishakti Securities Public Limited (Broker No.- 48) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 2.16 Arba.

Top 10 Sold Companies by Top Seller Brokers:

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.

 SSPro