NEPSE remain stagnant this week; Trading and Hotels sector rises; Nepal Life Insurance most traded stock (Weekly Wrap Up)

Sat, Jan 4, 2020 1:07 PM on Featured, Stock Market, Weekly Analysis,

NEPSE Index declined 1.20 points (0.10%) in the trading week between 29th December to 2nd January, 2020. This week market opened at 1166.86 points and closed at 1166.21 points on last trading day.

Candlestick pattern:

3 small red and 2 small green candles were formed. Weekly candle made a Spinning Top Candle. 

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). NEPSE Index and 5 days EMA are in same level but above 20 days EMA. Values above moving average signals for bullishness.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone. MACD line and signal line both are in bullish zone. Recently, signal line is crossover by MACD line. Crossover by MACD line indicates possibility of starting of down trend.

Fibonacci retracement method:

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

This week's market statistics:

Index Open- 1166.86 points                Index Closed- 1166.21 points

Index High- 1171.48 points                 Index Low- 1159.23 points

Turnover

Average Turnover of this week:  crores

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

Pivot Point- 1165 point

1st Resistance- 1171 point                1st support- 1159 point

2nd Resistance- 1177 point               2nd support- 1153 point

Conclusion:  Market may test 1150 level this week.

Weekly Market Summary of NEPSE

More than 71.84 lakhs unit shares of worth Rs 2.39 arba has been traded through 33.27 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,486,519.37 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 22.53% of the total turnover this week followed by Life Insurance sector with 19.37% 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 0.10%. Half of the indices decreased this week. The top gainer sector of this week is trading sector with the rise of 12.66% and top looser sector is others sector.

 

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

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has the highest monthly Beta value of 5.63 followed by Nirdhan Utthan Laghubitta (NUBL) with 4.93 beta value.

Top Ten Gainers of the week:  

NADEP Laghubitta Bittiya Sanstha Limited (NADEP) is the top gainer of the week. NADEP closed at Rs 519 with Rs 60 (13.07%) increment.

Top Ten Losers of the week:

Bank of Kathmandu Promoter Share (BOKLP)) price has decreased by 14.37% and its LTP stands at Rs 137. 

Top Stocks by Turnover, Volume and Number of Transaction:

Nepal Life Insurance (NLIC) was the top traded company of the week. Total Rs 26.84 crore worth of NLIC shares were traded this week.

Top Buyers Brokers of the Week:

Vision Securities Pvt. Limited (Broker No- 34) was the top buyer broker of this week and it has bought stocks of worth Rs 13.31 crores.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Online Securities (Broker No- 49) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 13.72 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