All sub-indices decline with major fall seen in hydropower sector; ICFC finance rises by 18.75%; Muktinath Bikas Bank traded most (Weekly Wrap up)

Fri, Oct 16, 2020 1:21 PM on Stock Market, Weekly Analysis, Featured,

NEPSE index declined 27.17 points (1.71%) in the trading week between 11th October to 15th October 2020. Last Week market closed at 1589.63 points and this week closed at 1562.46 points on Thursday. 31.90 points volatility was witnessed this week, with the market reaching the highest 1594.36 and the lowest 1562.46.


Candlestick pattern:

Bearish candles were formed on all trading days of 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 below 5 days EMA and taking rest at 20 days EMA. Values below shorter moving average signals for an 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 the Positive zone.  The signal line is above the MACD line, Signal line has crossed the MACD line, this indicates a bearish signal.

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% - 1524

38.2% - 1435

50% - 1380

61.8% - 1325


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

Pivot Point- 1572 point

1st Resistance- 1583 point                1st Support- 1551 point

2nd Resistance- 1604 point               2nd Support- 1540 point

3rd Resistance- 1620 point              3rd Support- 1524 point

Conclusion: All major indicators are supporting the short term bearish trend. We can aspect the market to have low volatility next week.

Listing of the Week:

Weekly Market Summary of NEPSE:

More than 3.31 crore unit shares of worth Rs 9.08 arba has been traded through 1.45 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,082,581.70 Million.

Sector-wise breakdown of the turnover of this week:

The hydropower sector made 25.38% of the total turnover this week followed by the commercial banks' sector with 23.86% 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 1.71% this week. All the sub-indices decline this week. The top looser sector of this week is the hydropower sector with a fall of 5.11% followed by the manufacturing sector with a fall of 3.37%. 

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

Corporate Development Bank Limited (CORBL) has the highest monthly Beta value of 4.46 followed by Saptakoshi Development Bank Limited (SAPDBL) and Progressive Finance Limited (PROFL) with 4.29 and 4.1 beta value respectively.

Top Ten Gainers of the week:  

ICFC Finance Limited (ICFC) is the top gainer of this week. ICFC closed at Rs 266 with Rs 42 (18.75%) 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:

Dibyashwari Hydropower Company Limited (DHPL) price has decreased by 16.79% and its LTP stands at Rs 109.

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

Muktinath Bikas Bank Limited (MNBBL) is the top traded company of the week. A total Rs 31.05 crore worth of MNBBL 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 worth Rs 68.83 crore.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 61.78 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