NEPSE Gained 47.68 Points This Week; Technical Analysis With Sector Summary, Scrip Comparison, and Highlights

Fri, Oct 8, 2021 2:24 PM on Weekly Analysis, Featured,

NEPSE Index made 138.99 points volatility with the market reaching the highest 2681.10 and the lowest 2542.11. The index gained 47.68 points (1.81%) in this trading week. Last week market closed at 2633.42 points and this week closed at 2681.10 points on Tuesday. 

Exponential Moving Average:

NEPSE index is above 5 days EMA but below 20 days EMA. The Index above the short-term moving average signals for possibilities of change in the trend. Index closing above 20 days EMA only signals for the change in the trend from bearish to bullish.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 41.65 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Negative divergence is seen in RSI Indicator. The index is making lower low but RSI is making lower highs. It is forming the bullish divergence.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the negative zone.  A histogram is also in the negative zone. The MACD line is trying to cross the signal line, need to wait till the crossover.


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.

The Fibonacci retracement levels are

61.8% - 2696

78.6% - 2550

100% - 2356

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

Pivot Point- 2635

1st Resistance- 2727                    1st Support- 2588

2nd Resistance- 2774                   2nd Support- 2496

3rd Resistance- 2843                   3rd Support- 2426

Conclusion:   Major support is at 2570 and major resistance is at 2830. Break out from these levels will give confirmation of the trend.

Weekly Market Summary of NEPSE:

More than 3.06 crore unit shares worth Rs 15.23 Arba have been traded through 1.97 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,753,082.97 million.

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

The NEPSE index declined by 4.91% this week. The microfinance sector gained 2.33% this week while all other sectors lost more than 2% value.

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance

Goodwill Finance Company Limited (GFCL) has the highest monthly Beta value of 2.67 followed by Janaki Finance Limited (JFL) and Pokhara Finance Limited (PFL) with 2.48 and 2.48 beta values respectively.

Top Ten Gainers of the week:  

Mailung Khola Jal Vidhyut Company Limited (MKJC) is the top gainer of this week. MKJC closed at Rs. 432.9 with Rs. 137 (46.30%) increment.

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


Top Ten Losers of the week:

Sanima Mai Hydropower Limited (SHPC) price has decreased by 15.98% and its LTP stands at Rs. 405. 

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

Himalayan Distillery Limited (HDL) is the top traded company of the week. A total of Rs. 45.75 crores worth of HDL shares was traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs 1.23 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker 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 72.04 crores.

Top Seller Brokers Top 10 Sold Companies:

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


Major Highlights of the week:

IPO Allotment This Friday: Buddha Bhumi Hydropower Company Limited

Unilever Nepal Limited Calls AGM on Kartik 11; When's the Book Closure for Dividend?

Can Locals Apply for IPO of Madhya Bhotekoshi Jalavidyut Company? How About Employees of Promoter Companies and Employees/ Members of EPF?

Global IME Laghubitta (GILB) Proposes 28% Dividend for FY 2077/78

Sabaiko Laghubitta (SABSL) Proposes 32.68% Dividend for FY 2077/78

Shangrila Development Bank (SADBL) Proposes 10.5263% Dividend for FY 2077/78

Standard Chartered Bank Nepal Limited (SCB) Proposes 13.06% Dividend for FY 2077/78

Himalayan Bank welcomes new chairman; Mr. Prachanda Bahadur Shrestha receives his oath from NRB Governor

Do the Numbers Seem Promising for Investors To Grab the Shares of Madhya Bhotekoshi Company Limited; IPO Opens From Today

FNCCI, Nepal Investors Forum: Stop Unjustifiable Interference in Capital Market and Keep Authority Abuse in Check

Increment on Weekly Lending and Deposit Figures in Second Week of Ashwin

Chhyangdi Hydropower (CHL) Proposes Additional 40% Rights Issuance After 30% Rights Offering

Mero Microfinance Laghubitta (MERO) Proposes 21.0526% Dividend for FY 2077/78

Reliance Life Insurance (RLI) Proposes 5.2632% Cash Dividend for FY 2076/77

Look at top investment preferences for mutual fund schemes in the month of Bhadra

Lower Erkhuwa Hydropower appoints Muktinath Capital as issue manager to float 21 lakh unit shares in IPO;13 MW hydro project in Bhojpur to complete its construction work soon

Nepal Bangladesh Capital convenes its 3rd AGM; endorses 19% cash dividend for its shareholders

Molung Hydropower Calls AGM; Company's IPO Proposal in SEBON's Pipeline

Nepal Investment Bank Limited (NIB) Proposes 16% Dividend for FY 2077/78

Tourist arrival slightly picks up with implementation of on-arrival visa system

FM Sharma urged Microfinance companies to reduce interest rate

Swabhimaan Laghubitta (SMFBS) Proposes 34% Dividend for FY 2077/78

RSDC Laghubitta (RSDC) Proposes 10.5263% Dividend for FY 2077/78

Salt Trading Corporation (STC) Calls AGM; When's the Book Closure for 25% Dividend?

Sunrise Capital Limited Proposes 40% Dividend for FY 2077/78; AGM Called on Kartik 12

IPO of CYC Nepal Laghubitta in SEBON's Pipeline