NEPSE Lost 50.92 Points This Week: Weekly Wrap Up With Technical Analysis, Sector Comparison, Scrip Breakdown and Highlights

Fri, Sep 10, 2021 3:43 PM on Stock Market, Weekly Analysis,

NEPSE Index made 221.77 points volatility with the market reaching the highest 3001.10 and the lowest 2779.33. The index lost 50.92 points (1.74%) in this trading week. Last week market closed at 2926.89 points and this week closed at 2875.97 points on Thursday. 

Exponential Moving Average:

NEPSE index is below both 5 days EMA and 20 days EMA. The Index below the moving average signals for Bearishness. Recently, 5 days EMA has crossed its 20 Days EMA from above, forming a Dead crossover pattern. The Dead cross is a technical pattern indicating the potential for a downtrend.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 37.59 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  The MACD line has crossed the signal line and the MACD line is below the signal line, this indicates a possibility of a trend reversal. A histogram is also in the negative zone.  MACD is indicating the possibility of downward 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

61.8% - 2943

78.6% - 2865

100% - 2765

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

Pivot Point- 2885

1st Resistance- 2991                    1st Support- 2769

2nd Resistance- 3107                   2nd Support- 2663

3rd Resistance- 3218                   3rd Support- 2552

Conclusion:   All major technical indicators are supporting the downtrend. Major support is at the 2800 level.

Listings of the week:

Weekly Market Summary of NEPSE:

More than 8.67 crore unit shares worth Rs 42.25 Arba has been traded through 4.72 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,024,933.86 Million.

Sector-wise breakdown of the turnover of this week:

The Hydropower sector made 32% of the total turnover this week followed by the Commercial Bank sector with 17% of the total turnover.

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

The NEPSE index decreased by 1.74% this week. Only Hydropower sector and other gained this week

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance

Mahalaxmi Bikas Bank Limited (MLBL) has the highest monthly Beta value of 2.49 followed by Ruru Jalavidhyut Pariyojana Limited (RURU) and Kamana Sewa Bikas Bank Limited (KSBBL)  with 2.40 and 2.29 beta value respectively.

Top Ten Gainers of the week:  

Sanima Life Insurance Company Limited (SLI) is the top gainer of this week. SLI closed at Rs. 547.1 with Rs. 207.2 (60.96%) 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:

Citizens Mutual Fund-1 (CMF1) price has decreased by 29.63% and its LTP stands at Rs. 10.9.

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

Arun Valley Hydropower Development Company Limited (AHPC) is the top traded company of the week. A total of Rs. 2.28 Arba worth of AHPC shares was 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 2.80 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Imperial Securities Co.Pvt.Limited (Broker No- 45) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 2.22 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


Top 10 companies with Highest Market Capitalizatin:

Major Highlights of the week:

NIBL Ace Capital Proposes 26% Dividend for FY 2077/78, Muktinath Capital Proposes 18%

Oriental Hotels Limited (OHL) Calls AGM on 19th Ashwin; No Dividend for FY 2077/78

High Court's Interim Order Leads to Postponement of Gurkhas Finance Limited (GUFL)'s AGM

Cryptocurrency trading, mining punishable: Nepal Rastra Bank

Four hydropower projects operating in Myagdi, Mustang and Parbat halt production

Government will get full shape soon: PM Sher Bahadur Deuba

Nepal Reinsurance Company Limited (NRIC) Amends Dividend Proposal; What Has Changed?

Sanima Capital Declares Book Closure Date for Proposed Dividend of Its Mutual Funds

ICRA Nepal upgrades rating of Global IME Bank and its debentures; provides ICRANP-IR A and ICRANP LA rating indicating adequate safety and low credit risk

Investment Board sets goal of approving investment worth 10 billion USD in five years

Bottlers Nepal (Terai) baggs Best-Presented Annual Report Award 2020; receives recognition from ICAN for prioritizing corporate governance and compliance

Finance Minister Telephones Central Bank Urging the Governor to Solve Resistance Seen in Nepal's Capital Market

Investors Demand Dismissal of NRB Governor as NEPSE Goes on Downward Spiral

Pay Tax Amount to Unfreeze Bonus Shares: Radhi Bidyut Company Limited

Upper Tamakoshi Hydro Project begins commercial production from Sunday

First Microfinance Laghubitta (FMDBL) Proposes 10.53% Dividend for FY 2077/78

10: 4 Rights Offering Proposal of IME General Insurance Limited (IGI) in SEBON's Pipeline

Over 66,000 foreign tourists visit Nepal in eight months

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

IPO Allotment of Terhathum Power Company Limited This Friday

Unilever Nepal Limited (UNL) Proposes Cash Dividend for Fiscal Year 2077/78