NEPSE decline by meager 0.25%; Joshi Hydropower rises by massive 55.84% ; Nepal Reinsurance traded most this week too (Weekly Wrap up)

Fri, Jul 31, 2020 1:21 PM on Featured, Stock Market, Weekly Analysis,

NEPSE index declined 3.55 points (0.25%) in the trading week between 26th July to 31st July 2020. This week's market opened at 1442.61 points but closed 1439.06 points on Thursday.

This week's market statistics:

Index Open- 1442.61 points                Index Close- 1439.06 points

Index High- 1475.20 points                 Index Low- 1421.07 points

Candlestick pattern:

This week, 2 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 5 days EMA but above 20 days EMA. Values below shorter moving average signals for an earlier indication of possibilities of starting of short-term bearishness, but still need to wait till Nepse to close below 20 days EMA.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone. Since the MACD line is converging to touch the Signal line, need to wait for confirmation till cross1442over.

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 1.60

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

Pivot Point- 1471 point

1st Resistance- 1469 point                1st Support- 1415 point

2nd Resistance- 1484  point               2nd Support- 1391 point

3rd Resistance- 1499  point             3rd Support- 1364 point

Conclusion: Most of the indicators are in favor of low volatility. Some indicators are providing a signal of short term bearish. This week's market might test 1350-1380 level.

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 1.92 crore unit shares of worth Rs 8.02 arba has been traded through 1.29 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 1,894,521.71 Million.

Sector-wise breakdown of the turnover of this week:

The banking sector made 30.98% of the total turnover this week followed by the microfinance sector with 16.57% 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 meager 0.25% this week. Most of the indices decreased this week. The top gainer sector of this week is others sector with a rise of 2.71% followed by life insurance with a rise of 0.75%. The hotel sector fell by 5.01% this week.

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

Nepal Sewa Laghubitta Bittiya Sanstha Limited (NSEVA) has the highest monthly Beta value of 1.73 followed by Saptakoshi Development Bank Limited (SAPDBL) and United Insurance (UIC) with 1.49 beta value.

Top Ten Gainers of the week:  

Joshi Hydropower Development Company Limited (JOSHI) is the top gainer of this week. JOSHI closed at Rs 72 with Rs 25.80 (55.84%) 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:

Ghodighoda Laghubitta Bittiya Sanstha Limited (GGBSL) price has decreased by 11.30% and its LTP stands at Rs 824.

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

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. Total Rs 83.81 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 40.86 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: