NEPSE index gained 60.47 points (4.33%) in the trading week between 23rd August to 27th August 2020. This week's market opened at 1397.57 points but closed 1458.04 points on Thursday. 78.64 points volatility was witnessed this week, with the market reaching the highest 1472.73 and the lowest 1394.09.
This week's market statistics:
Index Open- 1397.57 points Index Close- 1458.04 points
Index High- 1472.73 points Index Low- 1394.09 points
This week, 4 green and 1 red candles were formed. Candles having a small body were 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, 5-days Moving Average of NEPSE Index has crossed above its 20-days Moving Average from below forming a Golden crossover. This is typically a bullish signal but requires further confirmation.
Moving Average Convergence and Divergence:
MACD line (blue) and the signal line (red line) are in Positive zone. The signal line have crossed the MACD line, this indicates a bullish signal. The histogram is also in the positive zone. Overall MACD is indicating upward momentum.
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.
The Fibonacci retracement levels are
38.2% - 1353
50% - 1414
61.8% - 1480
78.6% - 1565
Average Turnover of this week: Rs 1.94 arba
Support and resistance level for the next trading week according to Pivot Point.
Pivot Point- 1441 point
1st Resistance- 1488 point 1st Support- 1426 point
2nd Resistance- 1519 point 2nd Support- 1410 point
3rd Resistance- 1558 point 3rd Support- 1387 point
Conclusion: Indicators are providing a signal of short term bullish. The market may be trading in 1430 -1540 range this week.
Weekly Market Summary of NEPSE:
More than 2.22 crore unit shares of worth Rs 9.74 arba has been traded through 1.31 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 1,928,472.26 Million.
NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)
The NEPSE index increased by 4.33% this week. All the sub-indices increased this week except for the trading sector. The top gainer sector of this week is the manufacturing and processing sector with a rise of 7.21% followed by a non-life insurance Sector with a rise of 6.91%.
Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector
Grameen Laghubitta Bittiya Sanstha Limited (GBLBS) has the highest monthly Beta value of 2.09 followed by Janautthan Samudayik Laghubitta Bittiya Sanstha Limited (JSLBB) and Prudential Insurance Company Limited (PICL) with 2 and 1.97 beta value respectively.
Top Ten Gainers of the week:
Nepal Reinsurance Company Limited (NRIC) is the top gainer of this week. NRIC closed at Rs 709 with Rs 126 (21.61%) increment.
All the analysis are done with the SS Pro Software. To know more about the software click on the link below
Top Ten Losers of the week:
NIBL Samriddhi Fund 1 (NIBSF1) price has decreased by 1.16% and its LTP stands at Rs 9.14.
*NIBSF1 price adjusted for 12% cash dividend
Top Stocks by Turnover, Volume, and Number of Transaction:
Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. Total Rs 1.15 arba worth of NRIC 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 68.68 crore.
Top Buyer Brokers Top 10 Bought Companies:
Top Seller Broker of the Week:
Dynamic Money Managers Securities (Broker No- 44) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 41.08 crore.
Top Seller Brokers Top 10 Sold Companies:
Top Companies with Highest Market Capitalizations: