NEPSE rallies more than 97 points with massive Rs 6.67 arba turnover ; Ghodighoda Laghubitta gain 35.31% and NIC Asia Bank traded most (Weekly Wrap up)

Fri, Jan 17, 2020 12:53 PM on Featured, Stock Market, Weekly Analysis,

NEPSE Index gained 97.12 points (8.01%) in the trading week between 12th January to 16th January, 2020. This week market opened at 1213.11 points and made a high of 1313.19 but closed at 1310.23 points on Thursday.

This week's market statistics:

Index Open- 1213.11 points                Index Closed- 1310.23 points

Index High- 1313.19 points                 Index Low- 1213.11 points

Candlestick pattern:

This week, 4 green and 1 red candle were formed. Mostly, long body candles were formed.

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 above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness. Golden cross signal was generated by moving average on 5th of December,2019.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in negative zone. MACD line rises above the signal line, this indicates a bullish signal. NEPSE index is likely to continue its upward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

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

The Fibonacci retracement levels are

61.8% - 1254

78.6% - 1296

100% - 1349

127.2% - 1417

161.8% - 1503

Turnover

 

Average Turnover of this week:  1.33 Arba

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

Pivot Point- 1278 point

1st Resistance- 1316 point                1st Support- 1240 point

2nd Resistance- 1340 point               2nd Support- 1216 point

3rd Resistance- 1378 point              3rd Support- 1178 point

 

Conclusion:  All major indicators are supporting short term up trend. We can aspect market trading between 1350 - 1250 next week.

Weekly Market Summary of NEPSE

More than 2.11 crore unit shares of worth Rs 6.67 arba has been traded through 74.56 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,679,255.36 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 32.27% of the total turnover this week followed by Microfinance sector with 20.24% of the total turnover.

NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index increased by massive 8.01%. All the indices increased this week. The top gainer sector of this week is trading sector with the rise of 28.74%.

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, Insurance & Finance Sector

Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has the highest monthly Beta value of 3.05 followed by Nerude Laghubitta (NLBBL) with 2.82 beta value.

Top Ten Gainers of the week:  

Ghodighoda Laghubitta Bittiya Sanstha Limited (GGBSL) is the top gainer of the week. GGBSL closed at Rs 935 with Rs 265 (42.33%) increment.

Top Ten Losers of the week:

Prabhu Bank Limited promoter (PRVUPO) price has decreased by 18.59% and its LTP stands at Rs 127.

Top Stocks by Turnover, Volume and Number of Transaction:

NIC Asia Bank Limited (NICA) was the top traded company of the week. Total Rs 26.76 crore worth of NICA shares were traded this week.

Listing:

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 34 crores.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Online Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 42.33 crores.

Top Seller Brokers Top 10 Sold Companies:

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