Part 1: Rundown and Technical Analysis
The NEPSE Index closed at 2,647.22, up 87.73 points (3.43%). The index closed at 2,5459.49 last week, down 0.66% from the previous week.
This week, the index reached a high of 2,679.90 and a low of 2,556.90, resulting in a volatility of 123 points. The index had seen volatility of 53.88 points in the previous week.
The highest intraday gain was 25.55 points on Monday, with a turnover of Rs 4.68 Arba; however, the total turnover for the week stood at Rs 30.61 Arba.
The RSI reading on the daily timeframe is 59.81. Meanwhile, the RSI reading on the weekly chart is 48.17.
Conversely, the MACD is below zero, and the Signal line is in the Negative zone, i.e., with the MACD reading at -3.97.
The Nepse Index is above both the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the short moving average indicates earlier bullish sentiment.
The 2,570 level may serve as the nearest support, while the 2,750 zone will act as a major resistance zone.
The highest intraday gain was 48.57 points on Tuesday, with a turnover of Rs 8.29 Arba; however, the total turnover for the week stood at Rs 30.61 Arba. Over 8.19 Crore unit shares have been traded through 2,99,574 transactions this week. The current market capitalization of NEPSE is Rs. 4,553,559.44 million, i.e., Rs 45.53 Kharba.
The top three companies with the highest beta are Mailung Khola Jal Vidhyut Company Limited (MKJC), Rasuwagadhi Hydropower Company Limited (RHPL), and Chilime Hydropower Company Limited (CHCL) with betas of 4.556, 3.716 and 3.131, respectively.
Hathway Investment Nepal Limited 's price has decreased by 17.93%, and its LTP stands at Rs. 499.00.
All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.
Reliance Spinning Mills Limited (RSML) is the top-traded company of the week. Rs. 1.06 Arba worth of RSML shares were traded this week.
This week, Naasa Securities Co. Ltd. (Broker No.- 58) was the top buying broker and purchased stocks worth Rs. 2.33 Arba.
Naasa Securities Co. Limited (Broker No.- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.32 Arba.
All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.
