United Finance price increases by 23.61%; NEPSE registered almost 100% turnover growth this week; weekly wrap up of NEPSE Index

NEPSE index movement:

The index opened at 1127.29 points and closed at 1155.50 points with the huge gain of 28.21 points (2.50%).

The candlestick chart of the weekly time-period is shown below;

This week's candle is the second bullish candle in the past three months. These bullish candles are formed after the six successive bearish candles.

The bodied of so formed bullish candles are large and it represents a positive sentiment of an investor. However, in these bearish trends where the market is making consistently lower lows, these bullish trends could be numbness before the storm. All the investor needs to be cautious about it.

The market started its upward movement after hitting the lowest point since December 2015. The NEPSE index went below 1100 points and in the last two weeks, it has swiftly improved 50 points.

NEPSE Chart Analysis:

On the daily time period, the candles with comparatively larger bodied have formed.

The last candle on the daily time period has a larger shadow on the downside which expresses that the buyers have overcome the selling pressure. The other candles except Thursday's, shows the buying pressure in the market.

However, looking at the prior bullish candles of this week, we can observe that the shadows on the down sides are very small but then again, the candle of the last two days are ramblingly showing the weakness of this upward trend.

The 5-days EMA (blue line) is above the 20-days EMA (red line) that is favoring a bullish trend. 9 out of last 13-days candles are bullish.

All the analysis are done with the SS Pro

Weekly Market Summary of NEPSE

More than 64.62 lakhs unit of shares of worth Rs 1.94 arba has been traded through 27 thousand transactions this week comparing to 36.01 lakhs unit of shares of worth Rs 97.91 arba last week. The current market capitalization of NEPSE stands at Rs. 1,405,334.15 Million.

The turnover has increased massively by 98.64%, this week comparing to the last week. This increment in turnover supports the bullish trend.

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

All the analysis are done with the SS Pro

United Finance Limited (UFL) is the top gainer of the week. UFL closed at Rs 178 with Rs 34 (23.61%) increment.

World Merchant Banking & Finance Limited (WMBF) price has increased by 17.57% with Rs 13 increment.

Top Ten Losers of the week:

This list excludes the promoter’s shares.

Hathway Finance Company Limited (HATH) is the top loser of the week. The HATH's stock opened at Rs 123 and closed at Rs 116 with the loss of 5.69% (Rs 7).

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has lost 5.43% this week.

Top Stocks by Turnover:

National Life Insurance Promoter Shares (NLICP) was the top traded company of the week. More than Rs 21 crore worth of NLICP shares were traded this week.

Nepal Credit & Commerce Bank Limited (NCCB) is the second top traded company of the week with Rs 8.94 crore transaction amount.

 All the analysis are done with the SS Pro

Top Seller Brokers of the Week:

Online Securities Pvt.Ltd (Broker No- 49) was the top seller broker of this week and it has sold stocks of worth Rs 16.60 crores.

All the analysis are done with the SS Pro

Top Buyers Broker:

Again, the Online Securities Pvt.Ltd (Broker No- 49) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 18.57 crores.