NEPSE Increased By Phenomenal 114.90 Points With Turnover of Rs 19.01 Arba This Week; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, Jan 6, 2023 1:23 PM on Stock Market, Weekly Analysis,

Part 1: Rundown and Technical Analysis

The NEPSE index closed at 2,143.93 this week after a gain of 114.90 points (5.66%). The index closed at 2,029.03 last week with a gain of 8.67% from the week before that.

This week, the index went as high as 2,159.82 and as low as 2028.74, hence witnessing volatility of 131.08 points. The index had seen a volatility of 160.85 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. Looking at the daily charts, the short-term is up but and mid-term trends of the NEPSE index is still down.

The highest intraday gain was 64.78 points on Wednesday with a turnover of Rs 3.50 Arba, however, the total turnover stood at Rs 19.01 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 79.28. Meanwhile, the RSI reading on the weekly chart is 59.22.

On the other side of things, the MACD line is in the Positive zone, i.e. above zero in the daily timeframe, but moving upward to the positive zone with the MACD reading at 49.74. The signal line is above the MACD line. This indicates an increase in bullish sentiment.

Moving Averages

NEPSE index is above both 5 days Exponential Moving Average (EMA) and 20 days EMA. The index above these moving averages signals bullishness. The 5 days EMA is above the 20 Days EMA with a golden crossover pattern forming. The golden cross is a technical pattern indicating the potential for an uptrend. The golden cross pattern is formed on 27th December.

1,880 to 1,965 zone may act as the nearest support whereas, the 2200 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 64.78 points on Wednesday with a turnover of Rs 3.501 Arba, whereas the total turnover of the week stood at Rs. 19 Arba. More than 4.86 crore unit shares have been traded through 293,496 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,101,450.11 million i.e. Rs 31.01 Kharba.

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

The NEPSE index inclined by 5.66% this week. All sector indices closed green.

Stocks with the highest Monthly Beta

The top three companies with the highest beta are Shiva Shree Hydropower Limited (SSHL), Himalayan Power Partner Limited (HPPL), and Mahalaxmi Bikas Bank Limited (MLBL) with 2.278, 2.241, and 2.148 respectively.

Top Ten Gainers of the week:

Khaptad Laghubitta Bittiya Sanstha Limited (KLBS) is the top gainer. KLBS closed at Rs. 1,405 with Rs. 532.4 (61.01%) increment.

Top Ten Losers of the week:

Himalayan Distillery Limited's (HDL) price has decreased by 25.86% and its LTP stands at Rs. 2,969.9. This is due to the adjustment of 60% bonus share happened this week. The same with the Nabil and CYCL. Both the companies had adjusted their bonus share which is why there is a fall in the prices of the scrips. 

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


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

Himalayan Distillery Limited (HDL) is the top-traded company of the week. A total of Rs. 1.30 Arba worth of HDL 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. 1.321 Arba.

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. 1.454 Arba.

Top 10 Sold Companies:


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