Others and Hydropower sector rise by a massive 12.91% and 11.55%; Avg. daily turnover rises by 52.75%; Nepal Reinsurance traded most this week too (Weekly Wrap up)

Fri, Sep 4, 2020 12:55 PM on Stock Market, Weekly Analysis, Featured,

NEPSE index gained 52.38 points (3.59%) in the trading week between 30th August to 3rd September 2020. This week's market opened for 4 trading days at 1458.04 points but closed 1510.42 points on Thursday. 79.75 points volatility was witnessed this week, with the market reaching the highest 1524.67 and the lowest 1444.92.

This week's market statistics:

Index Open- 1458.04 points                Index Close- 1510.42 points

Index High- 1524.67 points                 Index Low- 1444.92 points

Candlestick pattern:

This week, 3 green and 1 red candle 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 is above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. GOLDEN CROSS made on 20th August 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.  The signal line has crossed the MACD line, this indicates a bullish signal. The histogram is also in a positive zone. Overall MACD is indicating 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

50% - 1414

61.8% - 1480

78.6% - 1565

100% - 1667


Average Turnover of this week: Rs 3.38 arba

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

Pivot Point- 1498 point

1st Resistance- 1553 point                1st Support- 1449 point

2nd Resistance- 1596 point               2nd Support- 1400 point

3rd Resistance- 1645 point              3rd Support- 1351 point

Conclusion: Indicators are providing a signal of short term bullish. The market may be trading in 1470 -1630 range this week.

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 3.04 crore unit shares of worth Rs 11.90 arba has been traded through 1.59 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 1,998,314.35 Million.

Sector-wise breakdown of the turnover of this week:

The non-life sector made 21.28% of the total turnover this week followed by commercial banks with 18.72% 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 3.59% this week. All the sub-indices increased this week. The top gainer sector of this week is the other sector with a rise of a massive 12.91% followed by a hydropower Sector with a rise of 11.57%.

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

Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has the highest monthly Beta value of 2.56 followed by Rairang Hydropower Development Company Limited (RRHP) and Everest Insurance Company Limited (EIC) with 2.48 and 2.06 beta value respectively.

Top Ten Gainers of the week:  

Arun Kabeli  Power Limited (AKBL) is the top gainer of this week. AKPL closed at Rs 167 with Rs 49(41.53%) 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:

Souryadaya Laghubitta Bittiya Sanstha Limited (SLBS) price has decreased by 3.36% and its LTP stands at Rs 930.

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

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. A total Rs 1.72 arba worth of NRIC shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities (Broker No- 58) was the top buyer broker of this week and it has bought stocks of worth Rs 68.20 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Vision Securities (Broker No- 34) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 86.16 crore.

Top Seller Brokers Top 10 Sold Companies:

Top Companies with Highest Market Capitalizations:

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

SS Pro