NEPSE index 1.26% away from 52-week low; Trading sector fall sharply; Weekly Wrap Up of the NEPSE

Fri, Nov 29, 2019 2:58 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index lost by 7.81 points (0.70%) in the trading week between 24th November to 28th November. This week market opened at 1120.60 points and made a low 1102.46 on Monday but closed at 1112.79 points on Thursday.

Candlestick pattern:

Four red candlestick and one green candlesticks was formed this week.

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. Values below moving average signals for bearishness.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in negative zone. MACD line is below the signal line. Histogram is also in negative zone. Overall MACD is indicating downward momentum.

Fibonacci retracement method:

NEPSE Index is trading below 78.6% Fibonacci level. Trading below 61.8% indicates weight of bear is more than bull.

This week's market statistics:

Index Open-1120.60 points                Index closed-1112.79 points

Index High- 1121.94 points                Index low- 1102.46 points

Turnover

24 - Nov - 2019: 28.05 crores

25 – Nov - 2019: 28.85 crores

26 – Nov - 2019: 29.58 crores

27 – Nov - 2019: 21.23 crores

28 – Nov - 2019: 24.33 crores

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

Pivot Point- 1111 point

1st Resistance-1121 point                1st support-1102 point

2nd Resistance-1130 point               2nd support-1092 point

Conclusion:  Overall most of the indicators are indicating for bearish. NEPSE Index is currently at 1112.79 points, 1.26% away from 52-week low of 1098.95. NEPSE may test 1100 level this week.

 

Weekly Market Summary of NEPSE

More than 51.51 lakhs unit shares of worth Rs 1.32 arba has been traded through 22.17 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,411,953.22 Million.

 

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 44.29% of the total turnover this week followed by microfinance sector with 12.83% 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 0.70%. Majority of the indices decreased this week meagerly. The top gainer sector of this week is other sector with the rise of 0.63% whereas the top looser of the week is trading sector which fall by 13.68%.

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

SS Pro

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

Gurans Laghubitta (GLBSL) has the highest monthly Beta value of 5.36 followed by Sabaiko Laghubitta (SABSL) with 4.3 beta value.

Top Ten Gainers of the week:  

Gurans Laghubitta Bittiya Sanstha (GLBSL) is the top gainer of the week. GLBSL closed at Rs 423 with Rs 29 (7.36%) increment.

Top Ten Losers of the week:

Salt Trading Corporation (STC) price has decreased by 17.41% and its LTP stands at Rs 1252.

Top Stocks by Turnover and Number of Transaction:

NMB Bank Limited (NMB) was the top traded company of the week. Total Rs 9.85 crore worth of NMB shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities (Broker No- 58) was the top buyer broker of this week and it has bought stocks of worth Rs 7.56 crores.

Top Seller Broker of the Week:

Neev Securities (Broker No- 47) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 6.36 crores.

Top 10 Market Capitalization Companies:

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

SS Pro