Weekly Wrap Up: NEPSE at All-Time High in First Week of 2021; Sector Analysis, Technical Indicators, and Major Highlights

Fri, Jan 8, 2021 4:19 PM on Stock Market, Weekly Analysis, Featured,

This week NEPSE closed at 2194.48 points, its highest point ever. 111.59 points volatility was witnessed this week, with the market reaching the highest 2216.44 and the lowest 2104.85. NEPSE Index gained 107.21 points (5.14%) in this trading week. Last Week market closed at 2087.27 points and this week closed at 2194.48 points on Thursday.

Candlestick pattern:

Three green candles and two red candles were formed this week. Small body candles were formed on the last three trading days.

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. Values above moving average signals for bullishness. The golden cross signal was generated by moving average on the 18th of October,2020.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in Positive zone.  The signal line has crossed the MACD line, this indicates a bullish signal. The histogram is also in the 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

100% - 1888

1.272% - 2108

1.618% - 2383

2.618% - 3179


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

Pivot Point- 2171 point

1st Resistance- 2238 point               1st Support- 2126 point

2nd Resistance- 2283 point               2nd Support- 2059 point

3rd Resistance- 2339 point               3rd Support- 2003 point

Conclusion:  All major indicators are supporting the bullish trend. Strong support is at 2100.

Listing of the Week:


Weekly Market Summary of NEPSE:

More than 5.87 crore unit shares of worth Rs 27.17 Arba has been traded through 2.34 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,955,864.65 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank's sector made 35.16% of the total turnover this week followed by the Non-Life Insurance sector with 15.16% 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 5.14% this week. The top gainer sector of this week is the Non-Life Insurance sector with a rise of 6.74%.

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

National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has the highest monthly Beta value of 1.75 followed by Nepal Life Insurance Company Limited (NLIC) and Rastriya Beema Company Limited (EBCL) with 1.68 and 1.42 beta value respectively.

Top Ten Gainers of the week:  

Narayani Development Bank Limited (NABBC) is the top gainer of this week. Narayani Development Bank closed at Rs 632 with Rs 199 (45.96%) 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:

Guheshwori Merchant Banking and Finance Limited's (GMFIL) price has decreased by 6.06% and its LTP stands at Rs 186.

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 1.61 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 2.04 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities Co.Ltd (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 1.91 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:

Things to know for prospective investors about IPO of Chandragiri Hills Limited; high chance of lottery for 10 units

Forward Microfinance Laghubitta proposes 31.58% dividend for FY 2076/77; How much in bonus shares and cash?

Citizens Bank inks final acquisition agreement with Tinau Mission Development Bank in share swap ratio of 100:96 shares; revamped institution to have Rs 11.66 arba paid-up value with 163 branches

Ganapati Laghubitta (GMFBS) proposes 15.79% dividend for FY 2076/77; How much in bonus shares and cash?

Aarambha Chautari Laghubitta Dissolves Previous Merger Agreement; Signs acquisition MoU with Two Other Companies

Five Months Data shows Improving Fiscal Deficit; Alarming Rise in Import of Electricity Alternatives and What It Might Be Telling Us

Another IPO Approved: Singati Hydro Energy Ltd. to Issue 43.5 lakh units

Attention: NEPSE is Wrong About NIBPO's 8.33% Loss; Stock Opens Without Dividend Adjustment

Are Mutual Funds in Nepal Cheaper than their Real Worth? Should You Buy Mutual Funds or Ignore Them?

Countdown begins for the biggest ever IPO of Nepal; expected that no applicants will go empty-handed

Mega Capital Market signs four-party agreement to promote rural entrepreneurship at Jwalamukhi Gaupalika in Dhading

Gold More Expensive by Rs. 1,100 per Tola Overnight; so is Silver

Shikhar Insurance Company (SICL) Proposes Dividend for FY 2076/77; How much in Bonus shares and Cash?

Influence of Westerly wind: Rainfall forecast till Wednesday

Api Power completes financial closure with Bank of Kathmandu for its 4 MW solar energy project in Rautahat; bank to extend credit facility of Rs 24.75 crore for green project

Zhong Shanshan (Not Jack Ma) Is the Richest Guy in China and He Sells Water

National Microfinance Laghubitta (NMFBS) Proposes 27% Dividend for FY 2076/77; How much in Bonus shares and Cash?

Jyoti Bikash Bank (JBBL) Declares Book Closure and AGM; Agenda to Endorse Dividend and Approve Share Conversion

Siddhartha Bank (SBL) calls AGM on Magh 16; When's the Book Closure for 15% Dividend?

Muktinath Bikash Bank celebrates its 15th glorious anniversary; becomes leading development bank in short time from Rs 1.30 crore worth bank initially with presence in few districts

Reminder: Your Last Chance to Grab the Dividend of Two Companies

Attention: NRN Laghubitta Changes Its Name; What's the New Ticker Symbol?

NIC Asia Bank auctioning Promoter Shares of 4 Companies from Today

Auction Open Today: Promoter Shares of These 3 Companies

Global IME Bank turns 14 years better; achieves number of milestones in Nepalese banking fraternity with 27 arba in core capital and hundreds of service points