NEPSE continues its gaining spirit; Microfinance and Banking sector rises most; highest turnover of Nepal Reinsurance recorded (Weekly Wrap Up)

NEPSE index gained 63.67 points (4.77%) in the trading week between 12th July to 16th July 2020. This week's market opened at 1331.10 points but close at the high of the week 1394.77 points on Thursday.

This week's market statistics:

Index Open- 1331.10 points                Index Close- 1394.77 points

Index High- 1395.82 points                 Index Low- 1331.10 points

Candlestick Pattern:

This week, 4 green and 1 red candles were formed. Mostly small body candles were formed.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). At present, NEPSE Index is above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. 5 days EMA and 20 Days EMA made GOLDEN CROSS on 9th July,2020. The Golden cross is a technical pattern indicating the potential for a major rally.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in negative zone but moving upward to the positive zone. MACD line rises above the signal line, this indicates a bullish signal, which suggests that the Nepse index is likely to experience upward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

38.2% - 1349

50% - 1410

61.8% - 1471

78.6% - 1558

100% - 1670


Average Turnover of this week: Rs 1.08 arba

Support and resistance level for the next trading week according to Pivot Point.

Pivot Point- 1307 point

1st Resistance- 1415 point                1st Support- 1351 point

2nd Resistance- 1437 point               2nd Support- 1330 point

3rd Resistance- 1469  point             3rd Support- 1309 point

Conclusion: Most of the Technical indicators are indicating for the upper side. This week's market would be trading between 1320 – 1470.

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 1.51 crore unit shares of worth Rs 5.39 arba has been traded through 79.20 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,835,428.29 Million.

Sector-wise breakdown of the turnover of this week:

The banking sector made 33.06% of the total turnover this week followed by the microfinance sector with 19.23% of the total turnover.

NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index increased by 4.77% this week. All the indices increased this week. The top gainer sector of this week is microfinance with a rise of 8.69% followed by the banking sector with a rise of 6.18%.

Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector

United Insurance Company Limited (UIC) has the highest monthly Beta value of 1.68 followed by Samata Laghubitta (SMATA) with 1.57 beta value.

Top Ten Gainers of the week:  

Firstmicrofinance Laghubitta Bittiya Sanstha Limited Promoter (FMDBLP) is the top gainer of this week. FMDBLP closed at Rs 275 with Rs 143 (108.33%) increment.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro

Top Ten Losers of the week:

Prime Commercial Bank Limited Promoter (PCBLP) price has decreased by 19.08% and its LTP stands at Rs 140.

Top Stocks by Turnover, Volume, and Number of Transaction:

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. Total Rs 54.88 crore worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

Online Securities (Broker No- 49) was the top buyer broker of this week and it has bought stocks of worth Rs 39.39 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Opal Securities Investment (Broker No- 4) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 32.35 crore.

Top Seller Brokers Top 10 Sold Companies:

Top Companies with Highest Market Capitalizations: