Support Microfinance rises by 41.82%; Development Bank sector rises most this week; Nepal and Neco Insurance traded most (Weekly Wrap Up)

Fri, Feb 7, 2020 11:55 AM on Latest, NEPSE News, Stock Market, Weekly Analysis,

NEPSE Index gained 8.31 points (0.63%) in the trading week between 2nd February to 6th February, 2020. This week market opened at 1325.38 points and made a high of 1355.27 on Monday but close at 1333.69 points on Thursday.

This week's market statistics:

Index Open- 1325.38 points                Index Closed- 1333.69 points

Index High- 1355.27 points                 Index Low- 1325.38 points

Candlestick pattern:

This week, 3 green and 2 red candles were formed. Spinning Top Candle was formed on Monday. Shooting Star indicates a potential price top and reversal.

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 is below 5 days EMA but above 20 days EMA. Values below shorter moving average signals for earlier indication of possibilities of starting of bearishness, but still need to wait till Nepse to close below 20 days EMA.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone.  Signal line have crossed the MACD line, this indicates a bearish signal. Histogram is also in negative zone. Overall MACD is indicating downward momentum.

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

23.6% - 1299

38.2% - 1262

50% - 1231

61.8% - 1200

78.6% - 1157

100% - 1100

Turnover

Average Turnover of this week: Rs 1.47 arba

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

Pivot Point- 1310 point

1st Resistance- 1349 point                1st Support- 1326 point

2nd Resistance- 1356 point               2nd Support- 1319 point

3rd Resistance- 1367 point              3rd Support- 1307 point

Conclusion:  All major indicators are supporting short term down fall. We can expect market trading between 1350 – 1260 next week.

Weekly Market Summary of NEPSE

More than 2.11 crore unit shares of worth Rs 7.39 arba has been traded through 81.40 thousand transactions this week. The current market capitalization of NEPSE stands at Rs. 1,701,040.41 Million. The turnover rises by 12.97% this week compared to last week.

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

The NEPSE index increased by meager 0.63% this week. Most of the indices increased slightly this week. The top gainer sector of this week is development bank sector with the rise of 2.79% followed by Non Life Insurance sector with rise of 2.16%.

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

Prabhu Insurance Company Limited (PRIN) has the highest monthly Beta value of 2.67 followed by Saptakoshi Development Bank Limited (SAPDBL) with 2.58 beta value.

Top Ten Gainers of the week:  

Support Microfinance Bittiya Sanstha Limited (SMB) is the top gainer of the week. SMB closed at Rs 1092 with Rs 322(41.82%) increment.

Top Ten Losers of the week:

Multipurpose Finance Limited (MPFL) price has decreased by 10.69% and its LTP stands at Rs 142.

Top Stocks by Turnover, Volume and Number of Transaction:

Nepal Insurance Company Limited (NICL) is the top traded company of the week. Total Rs 27.31 crore worth of NICL shares were traded this week.

Top Buyers Brokers of the Week:

Imperial Securities (Broker No- 45) was the top buyer broker of this week and it has bought stocks of worth Rs 38.36 crores.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Opal Securities (Broker No- 4) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 50.89 crores.

Top Seller Brokers Top 10 Sold Companies:

 

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

SS Pro