The NEPSE (Nepal Stock Exchange) index concluded the week at 1,877.32, registering a gain of 38.73 points or 2.11%. In the previous week, the index had closed at 1,838.59, experiencing a loss of 1.67% compared to the week before.
Throughout the week, the NEPSE index witnessed fluctuations, reaching a high of 1,883 and a low of 1,807.84. This volatility amounted to 75.16 points, exceeding the 46.39 points observed in the previous week.
Technical analysis involves studying trends and patterns in order to make predictions about future market movements. Based on the daily charts, both the short-term and mid-term trends for the NEPSE index are currently downward, with the index consistently reaching lower lows.
On Thursday, the index recorded its highest intraday gain of 32.31 points, accompanied by a turnover of Rs 1.47 Arba. However, the total turnover for the week amounted to Rs 4.59 Arba.
Overall, the NEPSE index experienced notable gains this week, although volatility remained a prominent factor influencing market movements.
