NEPSE Gained Massive 7.66% This Week With Rs 16.66 Arba Turnover (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Dec 15, 2023 1:38 PM on Stock Market, Weekly Analysis, SS Pro, Latest,

-ShareSansar

Part 1: Rundown and Technical Analysis

This week, NEPSE index closed at 1,994.60 after gaining 141.83 points (7.66%). The index closed at 1,852.77 last week, losing 0.31% from the previous week.

This week, the index went as high as 2,016.87 and as low as 1,866.06 hence witnessing volatility of 150.81 points. The index had seen volatility of 30.99 points in the previous week.

The highest intraday gain was 111.21 points on Sunday with a turnover of Rs 0.45 Arba, however, the total turnover stood at Rs 16.66 Arba this week.

Momentum Indicators

The RSI reading on the daily timeframe is 67.98. Meanwhile, the RSI reading on the weekly chart is 53.53.

On the other side, the MACD line and Signal line both are in the positive zone, i.e. above zero with the MACD reading at 20.95.

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

1,908 – 1,923 zone may act as the nearest support whereas, the 2,030 – 2,060 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 111.21 points on Sunday with a turnover of Rs 0.45 Arba, however, the total turnover stood at Rs 16.66 Arba this week. More than 5.02 crore unit shares have been traded through 3,60,771 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,075,147.62 million i.e. Rs 30.75 Kharba.

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

The NEPSE index inclined by 7.66% this week. All sector indices are closed in green.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Panchakanya Mai Hydropower Limited (PMHPL), Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) and United Idi-Mardi and R.B. Hydropower Limited (UMRH) with 2.07, 2.021, and 1.902 respectively.

Top Ten Gainers of the Week:

Dolti Power Company Ltd (DOLTI) is the top gainer. DOLTI closed at Rs. 330.50 with an Rs. 118.50 (55.90%) increment.

Top Ten Losers of the Week:

10% Prime Debenture 2088 (PBD88) price has decreased by 4.24% and its LTP stands at Rs. 970.

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.

SSpro

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

Sonapur Minerals and Oil Limited (SONA) is the top-traded company of the week. A total of Rs. 74.56 Crores worth of SONA shares were traded this week.