Universal Power lost 39% this week; Total turnover is par Rs 2 arba; Weekly Wrap Up of the Market

NEPSE index movement:

The index opened at 1145.95 points and closed at 1165.20 points with the gain of 19.25 points (1.6 %).

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

This week's candle is the bullish candle with decent body size. Four candles out of last five week’s candles are bullish

This week’s candle shows buyers domination in the market as we can observe that the tail of the candle is comparatively small in respect of its body. This week, market moves with the strong buying force.

The group of last three candles has formed the morning star pattern which is a good signal for an uptrend.

Now, considering the last two short-term cycle in the market since January 2018 we can observe that the market has moved 133 points to 1099 after hitting the high of 1232 and now, from the low of 1099, the market has reached to 1172 with the movement of 73 points. The market has retraced around 54% so far.

It will be interesting to see whether the market will able to close above  the hurdle of standard Fibonacci retracement level of 61.8% which is 1175 points.

All the analysis are done with the SS Pro

NEPSE Chart Analysis:

On the daily time period, three bullish candles with larger body and two bearish candles with comparatively smaller body has formed, this week.

Last two days candles have larger shadows on both the sides and these candles are indicating the weakness of the current trend.

The 5-days EMA (blue line) is above the 20-days EMA (red line) and it supports  the bullish trend.

Weekly Market Summary of NEPSE

More than 79.08 lakhs unit of shares of worth Rs 2.08 arba has been traded through 33 thousand transactions this week comparing to 58.58 lakhs unit of shares of worth Rs 1.42 arba last week. The current market capitalization of NEPSE stands at Rs. 1,424,089.62 Million.

The turnover has increased massively by 46.82%, this week comparing to the last week. Every financials has shown growth this week comparing to last week. On the weekly basis, the total turnover is in the increasing trend.

All the analysis are done with the SS Pro

Top Ten Gainers of the week:  

This list excludes the promoter’s shares.

Laxmi Equity Fund (LEMF) is the top gainer of the week. LEMF closed at Rs 8.03 with Rs 0.93 (13.1%) increment.

Bhargav Bikash Bank Limited  (BHBL) price has increased by 13.01% with Rs 19 increment.

Top Ten Losers of the week:

This list excludes the promoter’s shares.

Universal Power Company Limited ( UPCL) is the top loser of the week. UPCL's stock opened at Rs 179 and closed at Rs 108 with the loss of massive 39.66% (Rs 71).

Kanchan Development Bank Limited (KADBL) has lost 10.53% this week.

All the analysis are done with the SS Pro

Top Stocks by Turnover:

NIC Asia Bank (NICA) was the top traded company of the week. More than Rs 16.04 crore worth of NICA shares were traded this week.

Nepal Credit & Commerce Bank Limited (NCCB) is the second top traded company of the week with Rs 11.58 crore transaction amounts.

All the company in the top ten traded company of this week belongs to the commercial bank sector.

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 14.35 crores.

Top Buyers Broker:

The Nassa Securities Co.Ltd (Broker No- 58) is the top buyer broker for this week. The brokerage firm has bought stocks of worth Rs 15.52 crores.

 All the analysis are done with the SS Pro