Sadhana Laghubitta rises by 33.07%; Nepal Reinsurance traded most; Dynamic Money Managers top buying broker (Weekly Wrap up)

Fri, Aug 21, 2020 11:57 AM on Stock Market, Weekly Analysis, Featured,

NEPSE index lost 11.22 points (0.80%) in the trading week between 16th August to 21st August 2020. This week's market opened at 1408.79 points but closed 1397.57 points on Thursday. 59.32 points volatility was witnessed this week, with the market reaching the highest 1441.21 and the lowest 1381.89.

This week's market statistics:

Index Open- 1408.79 points                Index Close- 1397.57 points

Index High- 1441.21 points                 Index Low- 1381.89 points

Candlestick pattern:

This week, 3 green and 2 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 EMA, and 20 days EMA are forming an overlapping pattern. Overlapping pattern signifies non-trending nature.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone but moving towards the Negative zone. The histogram is in the negative zone and the Signal line has crossed the MACD line, this indicates a bearish signal.

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

38.2% - 1402

50% - 1353

61.8% - 1305

78.6% - 1236

Turnover:

Average Turnover of this week: Rs 

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

Pivot Point- 1406 point

1st Resistance- 1415 point                1st Support- 1371 point

2nd Resistance- 1450  point               2nd Support- 1362 point

3rd Resistance- 1472  point             3rd Support- 1340 point

Conclusion: Indicators are providing a signal of short term bearish. Strong Support is at 1380. Closing below 1380 indicates further downside in NEPSE.

Weekly Market Summary of NEPSE: Re 0.98 crore

More than 1.57 crore unit shares of worth Rs 4.94 arba has been traded through 80.33 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,844,854.71 Million.

 

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

The NEPSE index fell by 0.80% this week. Most of the sub-indices decreased this week except trading, Others, and the non-life insurance sector. The top gainer sector of this week is the trading sector with a rise of 4.39% followed by an Others Sector with a rise of 2.34%. Development Bank sector lost the most by 2.15%. 

Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector

Everest Insurance Company Limited (EIC) has the highest monthly Beta value of 1.93 followed by Prudential Insurance Company Limited (PICL) and Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) with 1.91 and 1.87 beta value respectively.

Top Ten Gainers of the week:  

Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) is the top gainer of this week. SDLBSL closed at Rs 845 with Rs 210 (33.07%) increment.

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

SS Pro

Top Ten Losers of the week:

Siddhartha Equity Fund (SEF) price has decreased by 7.38% and its LTP stands at Rs 8.91.

* Price of SEF decline due to book closure for 7.5% 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 29.80 crore worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

Dynamic Money managers Securities (Broker No- 44) was the top buyer broker of this week and it has bought stocks of worth Rs 28.53 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 33.05 crore.

Top Seller Brokers Top 10 Sold Companies:

Top Companies with Highest Market Capitalizations: