Non-life Insurance sector rallies; Naya Nepal Laghubitta rises by 31.98% ; turnover increased by 86.94% (Weekly Wrap up)

Fri, Dec 13, 2019 1:35 PM on Featured, NEPSE News, Weekly Analysis,

NEPSE Index gained 40.72 points (3.59%) in the trading week between 8th December to 12th December. This week market opened at 1131.92 points and made a high of 1175.30 on Thursday but closed at 1172.64 points.

Candlestick pattern:

Whole week, green candlesticks were formed.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). Recently, 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.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone. MACD line rises above the signal line in negative zone and moving towards bullish zone. This indicates possibility of continuation of upward momentum in upcoming days.

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- 1131.92 points                Index Closed- 1172.64 points

Index High- 1175.30 points                 Index Low- 1125.81 points

Turnover

 

Average Turnover of this week: 51.30 crores

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

Pivot Point- 1157 point

1st Resistance- 1189 point                1st support- 1139 point

2nd Resistance- 1207 point               2nd support- 1107 point

Conclusion:  Market might be in corrective mode as NEPSE has already gained for 8 straight days.

Weekly Market Summary of NEPSE

More than 82.46 lakhs unit shares of worth Rs 2.56 arba has been traded through 36.44 thousand transactions this week compared. The current market capitalization of NEPSE stands at Rs. 1,489,583.02 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank sector made 29.89% of the total turnover this week followed by microfinance sector with 24.52% 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 3.60%. All the indices increased this week except manufacturing sector. The top gainer sector of this week is Non Life Insurance sector with the rise of 13.63% followed by Trading 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 5.35 followed by Everest Insurance (EIC) with 4.52 beta value.

Top Ten Gainers of the week:  

Naya Nepal Laghubitta Bittiya Sanstha (NNLB) is the top gainer of the week. NNLB closed at Rs 652 with Rs 158(31.98%) increment.

Top Ten Losers of the week:

Swabalamban Laghubita (SWBBLP) price has decreased by 39.7% and its LTP stands at Rs 439.

Top Stocks by Turnover, Volume and Number of Transaction:

NMB Bank (NMB) was the top traded company of the week. Total Rs 13.93 crore worth of NMB shares were traded this week.

Top Buyers Brokers of the Week:

Online Securities (Broker No- 49) was the top buyer broker of this week and it has bought stocks of worth Rs 21 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 14.71 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