NEPSE decline by 4.01%%; Nepal Finance rises by massive 44.44% ; Nepal Reinsurance traded most this week too (Weekly Wrap up)
Fri, Aug 7, 2020 2:22 PM on Stock Market, Weekly Analysis, Featured,
NEPSE index declined 57.69 points (4.01%) in the trading week between 2nd August to 6th August 2020. This week's market opened at 1439.06 points but closed 1381.37 points on Thursday. 75.6 points volatility was witnessed this week, with the market reaching the highest 1441.26 and the lowest 1365.66.
This week's market statistics:
Index Open- 1439.06 points Index Close- 1381.37 points
Index High- 1441.26 points Index Low- 1365.66 points
Candlestick pattern:
This week, 1 green and 3 red 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. The value below moving average usually is generally, a bearish signal. 5 days EMA and 20 days EMA have just touch each other, possibilities of making Dead cross signal.
Moving Average Convergence and Divergence:
MACD line (blue) and the signal line (red line) are in Positive zone but the Signal line has crossed the MACD line, this indicates a bearish signal.
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% - 1402
50% - 1353
61.8% - 1305
78.6% - 1236
Turnover
Average Turnover of this week: Rs 1.32 arba
Support and resistance level for the next trading week according to Pivot Point.
Pivot Point- 1395 point
1st Resistance- 1426 point 1st Support- 1350 point
2nd Resistance- 1471 point 2nd Support- 1319 point
3rd Resistance- 1509 point 3rd Support- 1281 point
Conclusion: Indicators are providing a signal of short term bearish. Strong Support is at 1350. Closing below 1350 indicates further downside in NEPSE.
Listing of the Week:
Weekly Market Summary of NEPSE:
More than 1.57 crore unit shares of worth Rs 5.28 arba has been traded through 85.6 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,822,043.94 Million.
Sector-wise breakdown of the turnover of this week:
The banking sector made 33.33% of the total turnover this week followed by the microfinance sector with 13.56% 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 4.01% this week. All the sub-indices decreased this week. The top looser sector of this week is the banking sector with a fall of 4.73% followed by a Hotel Sector with a fall of 4.13%. c
Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector
Ajod Insurance Limited (AIL) has the highest monthly Beta value of 2.66 followed by Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) and Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) with 1.94 and 1.61 beta value respectively.
Top Ten Gainers of the week:
Nepal Finance Limited (NFS) is the top gainer of this week. NFS closed at Rs 195 with Rs 60 (44.44%) increment.
All the analysis are done with the SS Pro Software. To know more about the software click on the link below
Top Ten Losers of the week:
United Finance Limited Promoter Share (UFLPO) price has decreased by 60.95% and its LTP stands at Rs 107.
Top Stocks by Turnover, Volume, and Number of Transaction:
Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. Total Rs 58.11 crore worth of NRIC shares were traded this week.
Top Buyers Brokers of the Week:
Dynamic Money Managers (Broker No- 44) was the top buyer broker of this week and it has bought stocks of worth Rs 56.31 crore.
Top Buyer Brokers Top 10 Bought Companies:
Top Seller Broker of the Week:
Nasaa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 54.20 crore.
Top Seller Brokers Top 10 Sold Companies:
Top Companies with Highest Market Capitalizations:
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