I have read few books about stocks but I feel their benchmarks and strategies dont work well in context of Nepse, planning to study books of Minervini so wanted to get your feedback first, and also please suggest books that are revelant in Nepse in your opinion.
View on r/NepalStock by Initial_Tackle_8636
n the recent trading week, the NEPSE index closed at 2,155.82, marking a notable 3.20% gain from the previous week’s closing at 2,088.99. The index experienced volatility, ranging from 2,093.46 to 2,215.29, with a fluctuation of 121.83 points. Key indicators, such as the RSI and MACD, suggest a bullish trend, but further confirmation is needed. The highest intraday gain occurred on Tuesday, with 54.55 points and a weekly turnover of Rs 31.41 Arba.
Himalayan Reinsurance Limited (HRL) emerged as the top gainer, closing at Rs. 653 with a 44.28% increment. Conversely, Mid Solu Hydropower Company Limited (MSHL) saw a 9.07% decrease, closing at Rs. 510.10. In terms of turnover, HRL was the most traded company, with shares worth Rs. 2.56 Arba exchanged. Naasa Securities Co. Ltd (Broker No- 58) stood out as both the top buyer and seller broker during the week.
In the current trading week, the NEPSE index concluded at 1,994.60, marking a notable increase of 141.83 points (7.66%). This follows a marginal loss of 0.31% in the previous week when the index closed at 1,852.77. The week saw the index’s volatility range from 1,866.06 to 2,016.87, totaling 150.81 points, a significant rise from the 30.99 points observed in the prior week.
Momentum indicators reveal a daily RSI reading of 67.98 and a weekly RSI reading of 53.53. The MACD line and Signal line are both in the positive zone, indicating positivity, with the MACD reading at 20.95. The NEPSE index currently stands above its 5-day and 20-day Moving Averages, signaling a bullish trend that warrants further confirmation. Potential support is identified in the 1,908 – 1,923 zone, while resistance is anticipated in the 2,030 – 2,060 zone.
**Part 2: Insight into Key Data**
The highest intraday gain occurred on Sunday, reaching 111.21 points with a turnover of Rs 0.45 Arba, contributing to a total weekly turnover of Rs 16.66 Arba. Trading activity involved more than 5.02 crore unit shares through 3,60,771 transactions. NEPSE’s current market capitalization is reported at Rs. 3,075,147.62 million, equivalent to Rs 30.75 Kharba.
NEPSE’s index displayed a robust 7.66% increase this week, with all sector indices closing in positive territory.
**Stock Performance Metrics:**
– **Monthly Beta Leaders:** Panchakanya Mai Hydropower Limited (PMHPL), Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS), and United Idi-Mardi and R.B. Hydropower Limited (UMRH) lead with betas of 2.07, 2.021, and 1.902, respectively.
– **Top Gainer:** Dolti Power Company Ltd (DOLTI) emerged as the top gainer, closing at Rs. 330.50 with a significant increment of Rs. 118.50 (55.90%).
**Top Loser of the Week:**
– **10% Prime Debenture 2088 (PBD88):** Experienced a decrease of 4.24%, settling at an LTP of Rs. 970.
**Market Activities:**
– **Top-Traded Stock:** Sonapur Minerals and Oil Limited (SONA) led the charts with a total trade value of Rs. 74.56 Crores.
– **Top Buyer Broker:** Vision Securities Pvt. Ltd (Broker No- 34) emerged as the leading buyer broker, purchasing stocks worth Rs. 90.55 Crores.
– **Top Seller Broker:** Naasa Securities Co. Ltd (Broker No- 58) took the lead as the top seller broker, with sales amounting to Rs. 80.77 Crores.
This week, the NEPSE index concluded at 1,860.20, marking an increase of 8.12 points (0.44%) from the previous week’s closing at 1,850.08. The index exhibited a range between 1,816.68 and 1,872.64, indicating a weekly volatility of 55.96 points, slightly higher than the 50.98 points observed in the preceding week. The most significant intraday loss, amounting to 20.68 points, occurred on Wednesday, accompanying a turnover of Rs 1.08 Arba. However, the overall weekly turnover amounted to Rs 4.48 Arba.
Momentum Indicators:
The Relative Strength Index (RSI) recorded 43.84 on the daily timeframe and 40.47 on the weekly chart. Meanwhile, the Moving Average Convergence Divergence (MACD) indicators are in the negative zone, with the signal line crossing the MACD line. The MACD reading stands at -25.53.
The Nepse Index currently resides below both its 5-day and 20-day Moving Averages, signaling a bearish trend that requires further confirmation. Key support is identified in the 1,807 – 1,837 zone, while resistance is anticipated in the 1,925 – 1,945 zone.
Part 2: Analysis of Key Data
The week witnessed the highest intraday loss of 23.82 points on Tuesday, accompanying a turnover of Rs 95.04 Crores. The total weekly turnover amounted to Rs. 4.48 Arba, with over 1.56 crore unit shares traded through 1,74,410 transactions. NEPSE’s current market capitalization is Rs. 2,868,120.36 million, equivalent to Rs 2.86 Kharba.
Performance of NEPSE Index and Sub-indices:
The NEPSE index experienced a 0.44% decline this week, with only four sector indices closing in the red.
Stocks with the Highest Monthly Beta:
Peoples Hydropower Company Limited (PHCL), Ingwa Hydropower Ltd (IHL), and Buddha Bhumi Nepal Hydropower Company Limited (BNHC) are the top three companies with the highest beta, recording 3.087, 2.571, and 2.412, respectively.
Top Ten Gainers and Losers of the Week:
Three Star Hydropower Limited (TSHL) emerged as the top gainer, closing at Rs. 381.10 with a notable increment of Rs. 72.40 (23.45%). Prime Commercial Bank Limited Promoter Share (PCBLP) experienced the most significant decline, with its price decreasing by 15.34%, closing at Rs. 122.
Top Stocks by Turnover, Volume, and Transactions:
Sonapur Minerals and Oil Limited (SONA) claimed the top position as the most traded company of the week, with shares worth Rs. 30.62 Crores exchanged.
Top Buyers and Sellers:
Naasa Securities Pvt. Ltd (Broker No- 58) was the leading buyer broker, investing Rs. 21.14 Crores. Imperial Securities Company Pvt. Ltd. (Broker No- 45) emerged as the top seller broker, selling stocks worth Rs. 31.43 Crores.
Top 10 Bought and Sold Companies:
The analysis has been conducted using the SS Pro Software, providing a comprehensive overview of market trends and activities. For more information about the software, refer to the provided link.
During the past week, the Nepal Stock Exchange (NEPSE) experienced four days of trading activity due to a holiday on Wednesday. The week concluded with the NEPSE index closing at 2,029.78 points, reflecting a gain of 22.72 points, which translates to a 1.13% increase. In comparison, the previous week had seen the index closing at 2,007.06 points, marking a significant gain of 3.86% from the week prior.
Throughout the trading week, the NEPSE index displayed fluctuations, reaching a high of 2,040.03 points and a low of 1,953.15 points. This level of volatility amounted to a substantial 86.88 points. In the preceding week, the index had witnessed slightly lower volatility, with fluctuations of 73.94 points.
Thursday stood out as the day with the highest intraday loss during the week, recording a drop of 44.35 points, and the day saw a turnover of Rs 3.29 Arba. However, when considering the entire week, the total turnover amounted to a more substantial Rs 7.37 Arba, indicating active trading and investment activities in the market.
In summary, the NEPSE index demonstrated fluctuations during the four trading days of the week, with a net gain of 22.72 points. This performance follows a notable gain from the previous week, signifying ongoing activity and investor sentiment in the market.
“NEPSE Index Surges by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”
In today’s trading session, the NEPSE index showed a significant gain of 47.07 points or 2.24% compared to the previous trading day’s closing. This follows a surge of 12.16 points experienced in the index yesterday.
The trading day began with the index opening at 2,097.99 and witnessed fluctuations throughout. It reached an intraday low of 2,089.16, indicating some downward momentum, but also achieved an intraday high of 2,144.60 before settling at its closing value of 2,144.16.
A total of 257 scrips were exchanged through 50,299 transactions during the day’s trading. The volume of shares traded amounted to 7,634,190, resulting in a turnover of Rs. 2.56 Arba.
Among the stocks, SHIVAM CEMENTS LTD (SHIVM) had the highest turnover, with a value of Rs. 14.86 crores, and closed at a market price of Rs. 662. The shares of PRSF recorded the highest trading volume.
In terms of individual stock performance, BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded the highest gain of 10%, while United Ajod Insurance Limited (UAIL) rose by 9.99%, reaching the positive circuit for the day. On the other hand, Kumari Dhanabriddhi Yojana (KDBY) experienced the highest decline of 8.37%.
In terms of sector indices, only the “Mutual Fund” sector closed in the red, with a decline of 0.49%. The “Development Bank” sector showed the highest gain, increasing by 4.14%, while the “Others” sector experienced the smallest gain of 1.32%.
Overall, the NEPSE index witnessed a significant surge in today’s trading session, accompanied by notable individual stock performances and sector movements.
Today, the NEPSE index, which represents the stock market performance in Nepal, closed at 2,055.53 points. It gained 4.75 points compared to the previous trading day, resulting in a 0.23% increase. Yesterday, the index had experienced a loss of 14.05 points.
The trading day started with the index opening at 2,054.62 points. Throughout the day, it reached its highest point at 2,074.38 and the lowest point at 2,042.28. Finally, it settled at 2,055.53 points when the trading session ended.
During the day, there were 276 different stocks traded, and these transactions amounted to 56,556 trades. In total, 8,008,246 shares were exchanged, with a total turnover amount of Rs. 3.44 Arba. However, this turnover was slightly lower than the previous trading day’s turnover of Rs. 3.49 Arba.
The NEPSE index concluded the trading day at 1,987.87, registering a gain of 7.79 points or 0.39% compared to the previous day’s closing. The index had experienced a significant increase of 40.48 points in the previous session.
The day started with the index opening at 1,984.36 and reaching an intraday high of 2,003.25. However, it also dipped to a low of 1,972.00 before ultimately closing at 1,987.87.
In terms of trading activity, 285 scrips were traded through 49,944 transactions. The total shares exchanged amounted to 7,454,007, with a turnover of Rs. 2.88 Arba. This figure represented a decrease compared to the turnover of Rs. 3.45 Arba recorded in the previous trading day.
Soaltee Hotel Limited (SHL) accounted for the highest turnover of Rs. 15.28 crores, with its market price closing at Rs. 375.30 per share. The shares of SSHL were the most actively traded.
Five scrips experienced a significant gain of 10%, reaching the positive circuit during the day’s trading activities. On the other hand, Prabhu Smart Fund (PRSF) incurred a loss of 10% during the session.
Among the sector indices, six closed in the green, with the “Hotels and Tourism” sector gaining the highest at 10.78%. However, the “Finance” sector recorded the highest loss of 0.96% during the day’s trading activities.
The NEPSE index finished at 1,905.68 today, up 17.36 points from the previous trading day’s close. This is a 0.92% increase. Yesterday, the index rose 2.71 points.
Today, the index began at 1,887.3 and closed at 1,885.17. In contrast, it reached a high of 1,905.73 before closing at 1,905.68.
Through 27,766 transactions, 264 scrips changed hands. A total of 2,700,570 shares were traded, totaling Rs. 88.55 crores in turnover. This exceeds the previous trading day’s turnover of Rs. 75.13 Crores.