NEPSE continues its rising trend this week too; Trading sector rises by massive 14.59%; Naasa Securities remains top buying and selling broker (Weekly Wrap Up)

Fri, Sep 11, 2020 12:53 PM on Stock Market, Weekly Analysis, Featured,

NEPSE index gained 10.27 points (0.68%) in the trading week between 6th September to 10th September 2020. Last Week market closed at 1510.42 and this closed at 1520.69 points on Thursday. 64.17 points volatility was witnessed this week, with the market reaching the highest 1538.42 and the lowest 1477.25.

Candlestick pattern:

This week, 3 green and 2 red candles were formed. Green Candles having a small body were formed this week.

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. GOLDEN CROSS made on 20th August 2020 is still valid. The Golden cross is a technical pattern indicating a potential for a major rally.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  The signal line have crossed the MACD line, this indicates a bullish signal. The histogram is also in the positive zone. Overall MACD is indicating 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

50% - 1414

61.8% - 1480

78.6% - 1565

100% - 1667


Average Turnover of this week: Rs 2.30 arba

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

Pivot Point- 1511 point

1st Resistance- 1546 point                1st Support- 1485 point

2nd Resistance- 1572 point               2nd Support- 1450 point

3rd Resistance- 1603 point              3rd Support- 1420 point

Conclusion: Indicators are providing a signal of short term bullish. The market may be trading in the 1470 -1590 range this week.

Weekly Market Summary of NEPSE:

More than 2.69 crore unit shares of worth Rs 11.52 arba has been traded through 1.45 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,021,749.95 Million.

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

The NEPSE index increased by 0.68% this week. Most of the sub-indices increased this week. The top gainer sector of this week is the trading sector with a rise of a massive 14.59% followed by a non-life insurance sector with a rise of 7.60%.

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

NRN Laghubitta Bittiya Sanstha Limited (NLBSL) has the highest monthly Beta value of 4.8 followed by Rairang Hydropower Development Company Limited (RRHP) and Nepal Finance Limited (NFS) with 2.21 and 2.14 beta value respectively.

Top Ten Gainers of the week:  

Joshi Hydropower Development Company Limited (JOSHI) is the top gainer of this week. JOSHI closed at Rs 90 with Rs 18 (25%) 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:

NRN Investment and Company Limited (NRN) price decreased by 27.56% and its LTP stands at Rs 389.

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

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. A total Rs 1.35 arba worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities (Broker No- 58) was the top buyer broker of this week and it has bought stocks of worth Rs 60.07 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 62.12 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

SS Pro