The Nepali stock market, represented by the NEPSE Index, experienced a mixed week with four trading days due to a public holiday on Tuesday. The NEPSE Index closed at 1,965.93, witnessing a slight decline of 6.21 points (0.31%) compared to the previous week’s close at 1,972.14.
Throughout the week, the index fluctuated between a high of 1,992.55 and a low of 1,953.37, showcasing volatility of 39.18 points. This volatility was lower than the previous week’s 64.41 points.
Key momentum indicators suggest a bearish sentiment, with the Relative Strength Index (RSI) at 35.49 on the daily timeframe and 45.21 on the weekly chart. Additionally, the Moving Average Convergence Divergence (MACD) and Signal lines are below zero, indicating a negative trend.
The market’s performance is reflected in its position relative to the 5-day and 20-day Moving Averages, both of which it is currently below, further suggesting bearish sentiment.
In terms of support and resistance levels, the 1,940 -1,960 zone is identified as the nearest support, while the 2,120 zone serves as resistance.
Insight into important data reveals that despite an intraday loss of 15.41 points on Monday, the total turnover for the week stood at Rs 9.22 Arba, with significant trading activity totaling over 2.56 crore unit shares across 1,64,168 transactions. The current market capitalization of NEPSE is Rs. 3,117,226.24 million.
In terms of sector performance, the NEPSE index declined by 0.31% for the week, although four sector indices closed in the green.
Among the top performers of the week, Pokhara Finance Limited (PFL) emerged as the top gainer, closing at Rs. 610 with an increment of Rs. 90 (17.31%). Conversely, NIC Asia Bank Limited (NICA) experienced a decline of 9.48%, with its Last Traded Price (LTP) at Rs. 348.50.
Top trading activities included Gurkhas Finance Limited (GUFL), which emerged as the top-traded company of the week with shares worth Rs. 38.22 Crores traded.
The week also saw notable brokerage activities, with Online Securities Limited (Broker No- 49) emerging as the top buyer broker and Dynamic Money Managers Securities Private Limited (Broker No- 44) as the top seller broker.
Overall, the week in NEPSE was characterized by mixed performance, significant trading activity, and notable stock movements.