The NEPSE Index closed at 2,424.32 this week, gaining an impressive 219.71 points (9.97%). Last week, the index closed at 2,204.61, showing a 4.01% increase from the week before.
This week, the NEPSE Index experienced significant volatility, reaching a high of 2,459.94 and a low of 2,230.50, marking a fluctuation of 229.44 points. In contrast, the previous week saw a volatility of just 83.16 points. The highest intraday gain was 70.18 points on Tuesday, with a turnover of Rs 9.13 Arba. The total turnover for the week stood at Rs 53.09 Arba.
Momentum Indicators
The Relative Strength Index (RSI) on the daily timeframe is at 86.63, while the weekly chart shows an RSI of 72.77. The MACD and Signal lines are in the positive zone, with the MACD reading at 71.56, indicating strong bullish momentum. The NEPSE Index is also above the 20-day and 5-day Exponential Moving Averages, reinforcing the bullish sentiment.
The 2,240-2,300 zone is likely to act as the nearest support, while the 2,650-2,700 zone is expected to act as resistance.
Important Market Data
The NEPSE Index recorded its highest intraday gain of 70.18 points on Tuesday, with a turnover of Rs 9.13 Arba. The total weekly turnover was Rs 53.09 Arba, with over 14.49 crore unit shares traded through 652,050 transactions. The current market capitalization of NEPSE stands at Rs 3,846,697.61 million (Rs 38.46 Kharba).
NEPSE Index and Sub-Indices Performance
The NEPSE Index increased by 9.97% this week, with all sector indices closing in the green.
Stocks with the Highest Monthly Beta
The top three companies with the highest beta are Ankhukhola Hydropower Company Limited (AKJCL) at 2.773, Panchakanya Mai Hydropower Limited (PMHPL) at 2.039, and Singati Hydro Energy Limited (SHEL) at 2.027.
Top Gainers and Losers of the Week
Ridi Power Company Limited (RIDI) was the top gainer, closing at Rs. 216.20 with an increment of Rs. 49.20 (29.46%). On the other hand, the 10.5% Nepal Investment Bank Debenture 2082 (NIBD2082) saw a decrease of 11.21%, with its last traded price (LTP) standing at Rs. 1,017.00.
Top Traded Stocks and Brokers
Upper Tamakoshi Hydropower Limited (UPPER) was the top-traded company, with shares worth Rs. 1.11 Arba traded this week. Naasa Securities Company Limited (Broker No- 58) was both the top buyer and seller broker, buying stocks worth Rs. 3.38 Arba and selling stocks worth Rs. 2.91 Arba.