Part 1: Rundown and Technical Analysis
The NEPSE Index closed at 2,587.25, down 42.56 points (1.62%). The index closed at 2,629.81 last week, down 0.66% from the previous week.
This week, the index reached a high of 2,638.28 and a low of 2,582.36, resulting in a volatility of 55.92 points. The index had seen volatility of 65.72 points in the previous week.
The highest intraday loss was 16.48 points on Monday, with a turnover of Rs 5.38 Arba; however, the total turnover for the week stood at Rs 23.99 Arba.
The RSI reading on the daily timeframe is 45.43. Meanwhile, the RSI reading on the weekly chart is 43.04.
Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -0.90.
The Nepse Index is below both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index below the short moving average indicates earlier bearish sentiment.
The 2,500 level may serve as the nearest support, while the 2,750 zone will act as a major resistance zone.
Part 2: Insight into Important Data
The highest intraday loss was 11.78 points on Monday, with a turnover of Rs 5.38 Arba; however, the total turnover for the week stood at Rs 23.99 Arba. Over 6.08 Crore unit shares have been traded through 2,53,104 transactions this week. The current market capitalization of NEPSE is Rs. 4,450,373.85 million, i.e., Rs 44.50 Kharba.
The top three companies with the highest beta are Sindhu Bikas Bank Limited (SINDU), Mailung Khola Jal Vidhyut Company Limited (MKJC), and Rasuwagadhi Hydropower Company Limited (RHPL) with betas of 4.157, 3.047 and 2.607, respectively.
Garima Bikas Bank Limited (GBBL)'s price has decreased by 11.19%, and its LTP stands at Rs. 400.00.
All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.
Himalayan Distillery Limited (HDL) is the top-traded company of the week. Rs. 95.92 Crores worth of HDL shares were traded this week.
This week, Naasa Securities Co. Ltd. (Broker No.- 58) was the top buying broker and purchased stocks worth Rs. 1.86 Arba.
Naasa Securities Co. Limited (Broker No.- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.56 Arba.
All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.
