Weekly Wrap Up: NEPSE bids Farewell to the Year 2020 with the Highest Closing Ever; Technical Analysis, Major Highlights, and More

Fri, Jan 1, 2021 12:37 PM on Stock Market, Weekly Analysis, Featured,

131.09 points volatility was witnessed this week, with the market reaching the highest 2112.59 on Thursday and the lowest 1981.50 on Monday. NEPSE index gained 48.64 points (2.39%) in this trading week. Last Week's market closed at 2038.63 points and this week closed at 2087.27 points on Thursday.

Candlestick pattern:

Three green candles and two red candles were formed this week. Shooting Star candle was formed on Thursday at major resistance level. Shooting Star indicates a potential price top and reversal.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). Recently, NEPSE Index is above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone but moving towards the Negative zone.  The signal line have crossed the MACD line, this indicates a bearish signal but still need to wait for more confirmation.

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% - 1889

38.2% - 1747

50% - 1632

78.6% - 1354

100% - 1146


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

Pivot Point- 2060 point

1st Resistance- 2139 point                1st Support- 2008 point

2nd Resistance- 2191 point               2nd Support- 1928 point

3rd Resistance- 2256 point                3rd Support- 1863 point

Conclusion:  Triple top chart pattern formation is still valid so, buying opportunities will be created only after the Nepse Index closing above 2100.

Listing of the Week:


Weekly Market Summary of NEPSE:

More than 4.51 crore unit shares of worth Rs 22.76 Arba has been traded through 2.07 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,808,748.45 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank's sector made 38.51% of the total turnover this week followed by the Life Insurance sector with 13.92% 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 2.39% this week. The top loser sector of this week is the Hotels sector with a fall of 5.62% followed by the  Life Insurance sector with a fall of  1.70%. The top gainer sector of this week is the Trading sector with a rise of 16.21%.


Stock with the highest monthly Beta value from the Microfinance & Insurance 

Nepal Life Insurance Company Limited (NLIC) has the highest monthly Beta value of 1.79 followed by Neco Insurance Company Limited (NIL) and Mahila Sahayatra Laghubitta Bittiya Sanstha Limited (MSMBS) with 1.51 and 1.49 beta value respectively.

Top Ten Gainers of the week:  

RMDC Laghubitta Bittiya Sanstha Limited Promoter Share (RMDCPO) is the top gainer of this week. RMDC closed at Rs 461 with Rs 134 (40.98%) increment.

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


Top Ten Losers of the week:

Citizen Investment Trust (CIT) price has decreased by 32.75% and its LTP stands at Rs. 3430.

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

Nepal Life Insurance Company Limited (NLIC) is the top traded company of the week. A total of Rs 1.86 Arba worth of NLIC 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 1.72 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Imperial Securities Co.Pvt.Limited (Broker No- 45) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 1.11 Arba.

Top Seller Brokers Top 10 Sold Companies:

Top 10 Companies with the Highest Market Capitalizations:

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


Major Events, News of the Week:

Look at top investment preferences for mutual fund schemes in the month of Mangsir; Which mutual fund NAV rises most?

Chandragiri Hills issuing IPO share to general public from Poush 24; Lucky 1.39 lakh applicants will get 10 unit shares

NRN Infrastructure and Development (NRN) Declares First Dividend After Being Public

With Agenda to Discuss IPO Issuance and Authorize BOD for Merger/ Acquisiton, Shrijanshil Laghubitta calls AGM on 29th Poush

The Most Interesting Quotes About the Stock Market and Wealth You'll Ever Hear from One Man

New board of NAFIJ organizes virtual interaction with NRB Governor Mr. Maha Prashad Adhikari; Governor assures of favorable economic growth and claims about Rs 9 arba worth interest subsidy

Mergers and acquisitions among microfinance institutions gain further momentum; already established Deprosc Laghubitta to acquire Nadep Laghubitta to create more synergy

FNCCI Senior VP Mr. Chandra Prasad Dhakal urges government to maintain cordial relationship with the private sector; asks for strong public-private collaboration for national development

With Agenda to Endorse IPO Issuance, Dordi Khola Hydropower calls AGM on Magh 09

IPO Allotment Today: IPO to Locals of Chandragiri Hills Limited

Sarbottam Cement calls AGM; Agenda to Discuss Book Building for IPO Issuance

United Insurance Company Nepal (UIC) calls AGM on Magh 07; What are the agendas?

International Payment Finally Allowed in Nepal; NRB Approves Nepalese Equivalent of Paypal and Payoneer

NOC makes profit even when fuel consumption slumped due to the adverse impact of COVID-19 on the economy

NTC offers CUG service for throw away price for teachers, students and their parents

Nepal Rastra Bank Wishes to Invest its Gratuity and Pension Fund; Invites Sealed Applications

Value Investing: The Investment Philosophy That Made Warren Buffet a Towering Figure in Global Equity Market

Fonepay concludes video making campaign involving college students; Team Influencers from Ace Institute of Management adjudged Students Ambassador 2020 for their creative video

Another Milestone: NEPSE finally brings data API after a Long Wait; Real Time Data with less than 30 second Delay

SEBON Just Approved the Biggest IPO Issue Ever; 8 Crore Unit Shares to be Issued

Garima Bikas Bank (GBBL) proposes 14.21% Dividend for FY 2076/77; How much in bonus shares and cash?