Week after monetary policy: NEPSE index made a swing of 161.42 points, turnover rises by 40.77%; What does it symbolize ahead? (Weekly Wrap up)

Fri, Jul 24, 2020 1:20 PM on Featured, Stock Market, Weekly Analysis,

NEPSE index gained 47.84 points (3.43%) in the trading week between 19th July to 23rd July 2020. This week's market opened at 1394.77 points, made a high of 1556.19 points (increment of 161.42 points) but closed 1442.61 points on Thursday.

This week's market statistics:

Index Open- 1394.77 points                Index Close- 1442.61 points

Index High- 1556.19 points                 Index Low- 1417.32 points

Candlestick pattern:

This week, 2 green and 3 red candles were formed.

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 above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. GOLDEN CROSS on 9th July 2020 is still valid. The Golden cross is a technical pattern indicating the potential for a major rally.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the positive zone. MACD line rises above the signal line, this indicates a bullish signal, which suggests that the Nepse index is likely to experience upward 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

38.2% - 1402

50% - 1353

61.8% - 1305

78.6% - 1236

Turnover

 

Average Turnover of this week: Rs 1.52 arba

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

Pivot Point- 1471 point

1st Resistance- 1526 point                1st Support- 1387 point

2nd Resistance- 1568  point               2nd Support- 1360 point

3rd Resistance- 1610  point             3rd Support- 1332 point

Conclusion: Most of the Technical indicators are indicating for the upper side. This week's market would be trading between 1320 – 1470.

 

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 1.91 crore unit shares of worth Rs 7.59 arba has been traded through 1.28 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 1,898,954.52 Million.

Sector-wise breakdown of the turnover of this week:

The banking sector made 43% of the total turnover this week followed by the microfinance sector with 12.32% 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 3.43% this week. Most of the indices increased this week except for the trading sector and Hydropower sector. The top gainer sector of this week is a hotel sector with a rise of 13.06% followed by nonlife insurance with a rise of 4.90%.

 

 

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

Mega Bank Limited (MEGA) has the highest monthly Beta value of 1.46 followed by NMB Bank (NMB) and Shikhar Insurance (SICL) with 1.44 beta value.

Top Ten Gainers of the week:  

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) is the top gainer of this week. NICLBSL closed at Rs 793 with Rs 208 (35.56%) 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:

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) price has decreased by 8.60% and its LTP stands at Rs 755.

Top Stocks by Turnover, Volume, and Number of Transaction:

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. Total Rs 60.16 crore worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

Dynamic Money Managers (Broker No- 44) was the top buyer broker of this week and it has bought stocks of worth Rs 45.60 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Nasaa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks of worth Rs 39.91 crore.

Top Seller Brokers Top 10 Sold Companies:

Top Companies with Highest Market Capitalizations: