NEPSE Gained 58.28 Points on Last Week of Fiscal Year 2077/78 (Weekly Wrapup with Technical Analysis, Sector Comparison, and Highlights)

Fri, Jul 16, 2021 5:46 PM on Stock Market, Weekly Analysis,

This week Nepse Index made 86.53 points volatility with the market reaching the highest 2929.70 and the lowest 2843.17. On Monday, the index reached a high of 2929.70. The index gained 58.28 points (2.06%) in this trading week. Last week market closed at 2825.10 points and this week closed at 2883.38 points on Thursday.

Exponential Moving Average:

NEPSE index is above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. Recently, 5 days EMA has crossed its 20 Days EMA forming a Golden crossover pattern. The Golden cross is a technical pattern indicating the potential for a major rally.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 54.15 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. A formation of bearish divergence is seen in RSI on the weekly chart as the index is making higher highs but RSI is making higher lows.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  The signal line has touched the MACD line, need to wait for confirmation till crossover.


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

Pivot Point- 2885

1st Resistance- 2927                    1st Support- 2841

2nd Resistance- 2971                   2nd Support- 2799

3rd Resistance- 3014                    3rd Support- 2756

Conclusion: Moving average is currently working as a dynamic resistance. Currently, Nepse Index is trading above 20 Days EMA. Index trading above the moving average indicates a bullish sentiment. Market sentiment will be a reversal on the index closing below the moving average.

Weekly Market Summary of NEPSE:

More than 17.31 crore unit shares worth Rs 37.68 Arba have been traded through 3.51 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,010,957.81 Million.

NEPSE index and Sub-indices performance: (Decrement here is based on the previous week closed value)

The NEPSE index closed at 2,883.38 points with an increment by 2.06% this week. Finance gained the most this week with an increment by 15.55%.

Stock with the highest monthly Beta value from the Development Bank and Finance sector

Guheswori Merchant Banking & Finance Limited (GMFIL) has the highest monthly Beta value of 3.22 followed by Central Finance Limited (CFCL) and Best Finance Limited (BFC) with 3.15 and 3.04 beta values respectively.

Top Ten Gainers of the week:  

Multipurpose Finance Company Limited (MPFL) is the top gainer of this week. MPFL closed at Rs. 351 with Rs. 100 (28.49%) increment.

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


Top Ten Loser of the week:

Oriental Hotels Limited (OHL) price has decreased by 7.10% and its LTP stands at Rs. 704. 

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

NIC Asia Bank Limited (NICA) is the top traded company of the week. A total of Rs. 1.40 Arba worth of NICA shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs. 2.35 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Vision Securities Pvt.Limited (Broker No- 34) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 2.56 Arba.

Top Seller Brokers Top 10 Sold Companies:

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


Major Highlights of the week:

IPO Allotted: Union Life Insurance Gets Highest Number of Applicants But Only 1 in Every 4 Applicants Get 10 Unit Shares on Meroshare

Fiscal Year 2077/78 Ends Today, This is How We Performed As a Nation This Year

Commercial Banks Update Interest Rates for Shrawan; What Has Changed?

Deadline Extended for Public Issue of "8.5% Laxmi Bank Debenture 2088"

Nepal Rastra Bank launches beta version of its mobile app.; to provide all central bank-related info via app

Pokhara, the tourist city, rebranded as ‘Pokhara Pure as Paradise’

Finance Minister Sharma approves Rs 5 billion to purchase vaccines

First decision of Deuba-led government to vaccinate all citizens by mid-April

Ujyalo Nepal’s campaigner Janardan Sharma gets financial ministry berth

SEBON organizes discussion event on Blended Finance regulation; gathers recommendations from stakeholders for its proposed new regulations

Prime Minister Sher Bahadur Deuba takes oath of office

Nepalese Young Entrepreneurs' Forum Held Entrepreneurship World Cup Nepal-Bhutan Joint National Finals 2021 For First Time in Nepal

Nepal Finance completes successful acquisition of Lalitpur Finance; new institution to have 20 branches in operation

Supreme Court gives verdict to reinstate House of Representatives

78,150 Promoter Shares of National Microfinance Laghubitta in Auction From Today

IPO Allotment of Manakamana Smart Laghubitta Bittiya Sanstha Limited [LIVE VIDEO]

IPO for project-affected locals of Terhathum District: Terhathum Power Company issuing 4,00,000 units IPO shares from Shrawan 5

All Nepalis get vaccines by end of 2021: PM KP Sharma Oli

New food delivery service LaskarFoods begins its operation inside Kathmandu; customers now having more options to enjoy delicacies at their doorsteps

10 Financial Tips To Help You Grow Your Wealth: Biliz Maharjan

Flood-hit Melamchi Bazaar will be managed in secured places-PM Oli

SEBON organizes webinar to gather suggestions for its upcoming plans and policies for the FY 2078-79