NEPSE Index declined 107.88 points (7.83%) in the trading week between 15th March to 19th March, 2020. This week, NEPSE open at 1377.18 points and made a low of 1234.16 but close at 1269.30 points on Thursday.
This week's market statistics:
Index Open- 1377.18 points Index Close- 1269.30 points
Index High- 1377.18 points Index Low- 1234.16 points
This week, 3 bearish candles and 2 green 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 below both 5 days EMA and 20 days EMA. Values below moving average signals for bearishness.
Moving Average Convergence and Divergence:
MACD line (blue) is in negative zone and the signal line (red line) is in positive zone but moving towards to bearish zone. Signal line have crossed the MACD line, this indicates a possibility of bearish signal. Histogram is in negative zone. Overall MACD is indicating downward momentum.
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
50% - 1386
61.8% - 1319
78.6% - 1225
100% - 1100
Average Turnover of this week: Rs 1.65 arba
Support and resistance level for next trading week according to Pivot Point.
Pivot Point- 1387 point
1st Resistance- 1352 point 1st Support- 1209 point
2nd Resistance- 1436 point 2nd Support- 1150 point
3rd Resistance- 1579 point 3rd Support- 1007 point
Conclusion: NEPSE is in corrective mood.
Weekly NEPSE Movement:
Weekly Market Summary of NEPSE
More than 2.27 crore unit shares of worth Rs 8.26 arba has been traded through 93.12 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,623,469.97 Million.
Sector-wise breakdown of the turnover of this week:
The banking sector made 40.90% of the total turnover this week followed by Life Insurance sector with 13.57% of the total turnover.
NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)
The NEPSE index decreased by 7.83% this week. All the indices decreased this week. The top looser sector of this week is Life Insurance sector with fall of 12.61% followed by Non-Life Insurance sector with fall of 12.26%.
Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector
First microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has the highest monthly Beta value of 1.54 followed by Standard Chartered Bank Limited (SCB) with 1.49 beta value.
Top Ten Gainers of the week:
Janautthan Laghubitta Bittiya Sanstha Limited (JSLBB) is the top gainer of this week. JSLBB closed at Rs 1,723 with Rs 223 (14.87%) increment.
Top Ten Losers of the week:
Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) price has decreased by 24.9% and its LTP stands at Rs 787.
Top Stocks by Turnover, Volume and Number of Transaction:
Nepal Life Insurance Company Limited (NLIC) is the top traded company of the week. Total Rs 60.84 crore worth of NLIC shares were traded this week.
Listing of the Week:
Top Buyers Brokers of the Week:
Vision Securities (Broker No- 34) was the top buyer broker of this week and it has bought stocks of worth Rs 56.54 crore.
Top Buyer Brokers Top 10 Bought Companies:
Top Seller Broker of the Week:
Investment Management Nepal (Broker No- 53) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 52.06 crore.
Top Seller Brokers Top 10 Sold Companies:
Top Companies with Highest Market Capitalizations:
All the analysis are done with the SS Pro Software. To know more about the software click on the link below