Part 1: Rundown and Technical Analysis

Nepse index closed at 1,939.61 this week after a gain of 73.27 points (3.93%). The index closed at 1,866.34 last week with a loss of 4.74% from the week before that.

This week, the index went as high as 1,950.57 and as low as 1,865.73 hence witnessing volatility of 84.84 points. The index had seen a volatility of 139.93 points in the previous week.

Analysis of Trend and Volume

Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. The daily charts show that the short-term trend is in bullish but mid-term trend is still down.

The highest intraday gain was 53.04 points on Sunday with a turnover of Rs 1.65 Arba, however, the total turnover stood at Rs 10.28 Arba this week.

Momentum Indicators

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

The RSI reading on the daily timeframe is 58.36. Meanwhile, the RSI reading on the weekly chart is 48.83.

On the other side, the MACD line and Signal line both have crossed the negative zone, i.e. above zero in the daily timeframe with the MACD reading at 11.90.

Moving Averages

Nepse Index is above its 5-day Moving Average and 20-day Moving Average. This is typically a bullish signal, but requires further confirmation

1,800 zone may act as the nearest support whereas, the 2100 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 53.03 points on Sunday with a turnover of Rs 1.65 Arba, whereas the total turnover of the week stood at Rs. 10.28 Arba. More than 2.82 crore unit shares have been traded through 188,679 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,831,611.25 million i.e. Rs 28.31 Kharba.

NEPSE index and Sub-indices performance: (Incline is based on the previous week's close)

The NEPSE index inclined by 3.93% this week. All sector indices closed green.

Stocks with the highest Monthly Beta

The top three companies with the highest beta are Taragaon Regency Hotel Limited (TRH), Himalayan Everest Insurance Limited (HEI), and Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) with 2.274, 2.210, and 2.157 respectively.

 

Top Ten Gainers of the Week:

 

Top Ten Losers of the Week:

Summit Laghubitta Bittiya Sanstha Limited's (SMFDB) price has decreased by 6.76% and its LTP stands at Rs. 855.

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

Shivam Cements Limited (SHIVM) is the top-traded company of the week. A total of Rs. 62.56 Crores worth of SHIVM shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 86.15 Crores.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 75.36 Arba.

Top 10 Sold Companies: