NEPSE Lost 1.16% This Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Sep 1, 2023 2:58 PM on Stock Market, Weekly Analysis, SS Pro, Latest,

Part 1: Rundown and Technical Analysis

This week, NEPSE traded for 4 days only as Thursday was a holiday for Janai Purnima. The NEPSE index closed at 1,990.59 after losing 23.34 points (1.16%). The index closed at 2,013.93 last week with a loss of 0.94% from the previous week.

This week, the index went as high as 2,015.85 and as low as 1,985.47 hence witnessing volatility of 30.38 points. The index had seen volatility of 61.68 points in the previous week.

The highest intraday loss was 20.55 points on Sunday with a turnover of Rs 1.26 Arba, however, the total turnover stood at Rs 4.24 Arba this week.


Momentum Indicators

The RSI reading on the daily timeframe is 38.80. Meanwhile, the RSI reading on the weekly chart is 47.58.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but signal line has crossed the MACD line and MACD line is below the signal line in the daily timeframe with the MACD reading at -24.33.

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

1,950 zone may act as the nearest support whereas, the 2085 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 20.54 points on Sunday with a turnover of Rs 1.26 Arba, whereas the total turnover of the week stood at Rs. 4.24 Arba. More than 1.53 crore unit shares have been traded through 132,203 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,979,982.59 million i.e. Rs 2.97 Kharba.


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

The NEPSE index declined by 1.16% this week. Only three sector indices closed in green.


Stocks with the highest Monthly Beta

The top three companies with the highest beta are Liberty Energy Company Limited (LEC), Sagarmatha Jalbidhyut Company Limited (SMJC), and Buddha Bhumi Nepal Hydropower Company Limited (BNHC) with 2.767, 2.512, and 2.428 respectively.

Top Ten Gainers of the Week:

Kutheli Bukhari Small Hydropower Limited (KBSH) is the top gainer. KBSH closed at Rs. 882 with a Rs. 180.90 (25.80%) increment.

Top Ten Losers of the Week:

Makar Jitumaya Suri Hydropower Company Limited's (MAKAR) price has decreased by 14.31% and its LTP stands at Rs. 230.50.


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


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

Machhapuchchhre Bank Limited (MBL) is the top-traded company of the week. A total of Rs. 19.63 Crores worth of MBL shares were traded this week.


Top Buyers Brokers of the Week:

Dynamic Money Managers Securities Pvt. Ltd (Broker No- 44) was the top buyer broker this week and it bought stocks worth Rs. 22.25 Crores.


Top 10 Bought Companies:

Top Seller Brokers of the Week:

Sani Securities Co. Ltd (Broker No- 42) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 24.62 Arba.


Top 10 Sold Companies:


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