NEPSE Lost 2.36% This Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Oct 6, 2023 12:34 PM on Stock Market, Weekly Analysis, Featured,

Part 1: Rundown and Technical Analysis

The NEPSE index closed at 1,956.92 after losing 47.38 points (2.36%). The index closed at 2,004.30 last week with a gain of 1.26% from the previous week.

This week, the index went as high as 2,004.58 and as low as 1956.92 hence witnessing volatility of 47.66 points. The index had seen volatility of 43.22 points in the previous week.

The highest intraday loss was 33.20 points on Sunday with a turnover of Rs 1.83 Arba, however, the total turnover stood at Rs 7.06 Arba this week.


Momentum Indicators

The RSI reading on the daily timeframe is 42.57. Meanwhile, the RSI reading on the weekly chart is 45.62.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but the signal line has crossed the MACD line and the MACD line is below the signal line in the daily timeframe with the MACD reading at -12.57.

Nepse Index is below its 5-day Moving Average and 20-day Moving Average. This is an earlier signal of the possibility of a bearish signal but requires further confirmation.

1,923 – 1,946 zone may act as the nearest support whereas, the 1,990- 2030 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday loss was 17.56 points on Tuesday with a turnover of Rs 1.19 Arba, whereas the total turnover of the week stood at Rs. 7.06 Arba. More than 2.43 crore unit shares have been traded through 332,297 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,983,881.57 million i.e. Rs 2.98 Kharba.

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

The NEPSE index declined by 2.36% this week. All sector indices are closed in red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Menchhiyam Hydropower Limited (MCHL), Molung Hydropower Company Limited (MHCL), and Nyadi Hydropower Limited (NYADI) with 3.462, 3.239, and 3.217 respectively.

Top Ten Gainers of the Week:

Sayapatri Hydropower Limited (SPHL) is the top gainer. SPHL closed at Rs. 467 with an Rs. 77 (19.74%) increment.

Top Ten Losers of the Week:

NIC Asia Bank Limited's (NICA) price has decreased by 27.71 % and its LTP stands at Rs. 562.

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:

Citizen Life Insurance Company Limited (CLI) is the top-traded company of the week. A total of Rs. 44.59 Crores worth of CLI shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Pvt. Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 35.46 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. 43.83 Crores.

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.