NEPSE Ends Week Down 0.66% with Rs 18.85 Arba Turnover; Weekly Summary with Sector Comparison, Major Highlights, and More
The Nepal Stock Exchange (NEPSE) closed the week at 2,629.81, down 0.66% amid a holiday-shortened trading week. Total turnover reached Rs 18.85 Arba, with only two sector indices closing in the green. Himalayan Distillery led turnover, while Nepal Lube Oil topped gainers and Snow Rivers led losers.
Part 1: Rundown and Technical Analysis
The market traded for only three trading days this week, as Monday was closed due to a data issue and Friday was a public holiday for Indra Jatra.
The NEPSE Index closed at 2,629.81, down 17.41 points (0.66%). Last week, the index had closed at 2,647.22, up 3.43% from the previous week.
This week, the index reached a high of 2,671.04 and a low of 2,605.32, resulting in a volatility of 65.72 points. The index had seen volatility of 123 points in the previous week.
The highest intraday gain was 11.78 points on Friday, with a turnover of Rs 5.44 Arba; however, the total turnover for the week stood at Rs 18.85 Arba.
Momentum Indicators
- The RSI reading on the daily timeframe is 54.70, while the weekly chart shows 46.64.
- The MACD is above zero, and the Signal line is in the negative zone, with the MACD reading at 3.55.
- 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.
Part 2: Insight into Important Data
The highest intraday gain was 11.78 points on Friday, with a turnover of Rs 5.44 Arba; however, the total turnover for the week stood at Rs 18.85 Arba. Over 6.04 Crore unit shares have been traded through 180,354 transactions this week. The current market capitalization of NEPSE is Rs. 4,523,617.26 million, i.e., Rs 45.23 Kharba.
NEPSE Index and Sub-indices Performance
(Gain/loss is based on the previous week's close)
The NEPSE index decreased by 0.66% this week. Only two sector indices closed in the green.
Stocks with the Highest Monthly Beta
The top three companies with the highest beta are Mailung Khola Jal Vidhyut Company Limited (MKJC), Sindhu Bikas Bank Limited (SINDU), and Rasuwagadhi Hydropower Company Limited (RHPL) with betas of 4.131, 3.61, and 3.553, respectively.
Top Ten Gainers of the Week
Nepal Lube Oil Limited (NLO) is the top gainer. NLO closed at Rs. 271.30 with an increase of Rs. 30.08 (12.47%).
Top Ten Losers of the Week
Snow Rivers Limited (SNORL)'s price has decreased by 14.95%, and its LTP stands at Rs. 899.00.
All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.
Top Stocks by Turnover, Volume, and Number of Transactions
Himalayan Distillery Limited (HDL) is the top-traded company of the week. Rs. 96.07 Crores worth of HDL shares were traded this week.
Top Buyers Brokers of the Week
This week, Naasa Securities Co. Ltd. (Broker No.- 58) was the top buying broker and purchased stocks worth Rs. 1.93 Arba.
Top 10 Bought Companies by Top Buyer Brokers
Top Seller Brokers of the Week
Naasa Securities Co. Limited (Broker No.- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.30 Arba.
Top 10 Sold Companies by Top Seller Brokers
All analyses are conducted using the SS Pro Software. To learn more about the software, click on the link below.