There is No Stopping to the NEPSE Index; Weekly Summary with Sector Comparison, Technical Analysis, Major Highlights, and More

Fri, Feb 19, 2021 4:55 PM on Stock Market, Weekly Analysis, Featured,

160.04 points volatility was witnessed this week, with the market reaching the highest 2642.47 and the lowest 2482.42. NEPSE index gained 109.76 points (4.34%) in this trading week. Last Week market closed at 2526.92 points and this week closed at 2636.68 points on Thursday.

Candlestick pattern:

Two green candles and three red candles were formed this week. Snipping top 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.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 75.29 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. A bearish divergence is seen in RSI as the index is making higher highs but RSI is making lower highs.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  A histogram is in the negative zone. The signal line and the MACD line are overlapping each other. The overlapping pattern signifies a non-decisive state.

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- 2586 point

1st Resistance- 2691 point               1st Support- 2531 point

2nd Resistance- 2746 point               2nd Support- 2426 point

3rd Resistance- 2826 point               3rd Support- 2186 point

Conclusion:  All major indicators are supporting the market to experience low volatility.

Weekly Market Summary of NEPSE:

More than 9.23 crore unit shares worth Rs 44.14 Arba has been traded through 3.69 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,633,217.66 Million.

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

The NEPSE index increased by 4.34% this week. The top gainer sector of this week is the Banking sector with a rise of 7.08%.

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

Support Laghubitta Bittiya Sanstha Limited (SMB) has the highest monthly Beta value of 2.82 followed by Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) and Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) with 2.66 and 2.48 beta value respectively.

Top Ten Gainers of the week:  

Nepal Infrastructure Bank Limited (NIFRA) is the top gainer of this week. NIFRA closed at Rs. 546 with Rs. 206 (60.59%) 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:

Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) price has decreased by 11.57% and its LTP stands at Rs 2660.

* Fowad and SMFBS price adjusted for bonus shares this week

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

Nabil Bank Limited (NABIL) is the top traded company of the week. A total of Rs 2.10 Arba worth of NABIL 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 3.79 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 3.22 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


Major Highlights of the week:

Greenlife Hydropower's IPO Allotment on Friday; At What Time Exactly?

Amidst Preparation for IPO at Premium Price, Sarbottam Cement Gets Fairly Positive Rating from ICRA Nepal

Higher Unpaid Claims Vs. Rising Profitability: This is How Life Insurance Companies Have Performed in Second Quarter

My Two Cents on Nepali Share Bazar: Aman Sah

SEBON conducts interaction event with heads of different investors’ group; investors urge board to resolve pending issues for further growth of Nepalese equity market

Saurya Cement Industry starting production soon; Company established with an investment of Rs 15 billion

Much-awaited Galchhi-Rasuwagadhi road project sees 65 percent work progress

The Bull Market Absorbs It All: IPO of Mahila Laghubitta Oversubscribed 60 Times

How to Survive and Thrive in Nepal's Stock Market

A Comparative Study of Non-Life Insurance Companies! How have the companies been performing?

Miteri Development Bank (MDB) Distributing 15% Bonus Shares to Demat Accounts

Stay tuned for 60 lakhs units IPO shares! Mahalaxmi Life Insurance concludes 3rd AGM for FY 2075-76 endorsing to go public

Bonus Shares of These 6 Companies are Now Listed in NEPSE

Amidst Speculation of Margin Loan Revision and Investment Restriction, NRB Unveils This Kind of Monetary Policy Review

Higher Provisioning of Microfinance Companies Might Signal Bad Loans and Defaults but the Rise in Profitability Says Something Else

Mahalaxmi Bikas Bank promotes Mr. Dipesh Lamsal as Senior Deputy CEO; also hands over the responsibility of Acting CEO

NEPSE Lifts Trading Suspension of 4 Companies

Prabhu Insurance (PRIN) Proposes 10.53% Dividend; How Much in Bonus Shares and Cash?

Mahuli Laghubitta (MSLB) Proposes 21.05% Dividend; How Much in Bonus Shares and Cash?

Cooperation with private sector in priority: PM Oli

The Spectacular Rise of Bitcoin and Its Legality in the Context of Nepal