Any insights on why the banks are rising and if this current bull run is sustainable as it just broke the 2200 mark without retracement today.
View on r/NepalStock by manishshr
Tag: Sector
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NEPSE Ends Trading with 0.92% Gain; Hydropower Sector Surges by 3.09%
In today’s Nepal Stock Exchange (NEPSE) trading session, the NEPSE Index concluded at 2,022.91 points, showing a gain of 18.45 points or 0.92% compared to the previous day’s closing. On Monday, the index had experienced a loss of 5.89 points.
The trading day commenced with the index opening at 2,006.64. It reached its lowest point during the day at 2,005.42 and reached the highest point at 2,030.51.
Throughout today’s trading, there were 286 different stocks traded in a total of 78,616 transactions. The volume of shares traded added up to 8,704,477, with a total turnover of Rs. 2.09 Arba. The market capitalization stood at Rs. 30.66 Kharba, and the float market capitalization was at Rs. 10.80 Kharba.
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NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility
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.
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NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth
During today’s trading session, the NEPSE index posted a notable gain, closing at 2,029.78 points, which marked an impressive increase of 44.34 points or 2.23% compared to the previous day’s closing. This upward momentum follows a recent surge of 16.24 points on Tuesday, contributing to a cumulative gain of 64.84 points over the last three working days. This surge has propelled the index back to the 2000 level, and the driving force behind this remarkable increase has been the notable rise in the hydropower sector.
The trading day commenced with the index opening at 1,988.71 points, hitting an intraday low of 1,988.67 points. However, it also reached an intraday high of 2,040.28 points before ultimately settling at its closing value of 2,029.78 points.
Today’s trading activities featured 278 different stocks that were traded in a total of 119,359 transactions. The volume of shares exchanged reached 11,264,309, with an overall turnover of Rs. 3.29 Arba. As a result, the market capitalization saw a significant boost, reaching Rs. 30.59 Kharba, with a float market capitalization of Rs. 10.77 Kharba.
One of the prominent performers during today’s trading was Sun Nepal Life Insurance Company Limited (SNLI), which recorded the highest turnover, totaling Rs. 20.18 crores, and closed with a market price of Rs. 470 per share.
Notably, the trading session witnessed a substantial rise in the stock prices of nearly eight hydropower companies, making them an attractive choice for many traders due to their lower-than-usual pricing.
On the downside, the NIBL Growth Fund (NIBLGF) experienced the most significant loss of 4.07% during today’s trading.
In terms of sector indices, all sectors ended the day in positive territory, with the Hydropower Index leading the way with a substantial gain of 5.31%, followed closely by the Finance Index, which saw a 4.38% increase.
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NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses
This week, the Nepal Stock Exchange (NEPSE) was active for only four trading days due to Thursday being a holiday. During these four days, the NEPSE index showed significant upward momentum, closing at 2007.06 points. This marked an impressive gain of 74.61 points, equivalent to a 3.86% increase. This positive performance was a stark contrast to the previous week when the index had closed at 1,932.45 points, reflecting a 2.92% loss.
Throughout the trading week, the NEPSE index experienced fluctuations, reaching its highest point at 2,007.06 and the lowest point at 1,933.12. This level of volatility amounted to a substantial 73.94 points. Comparatively, the preceding week had seen slightly lower volatility, with fluctuations of 60.52 points.
The highest intraday loss during the week occurred on Monday, with a significant drop of 44.31 points. This drop coincided with a turnover of Rs 1.51 Arba on that particular day. However, when considering the entire week, the total turnover amounted to a more substantial Rs 5.22 Arba, indicating active trading and investment activities in the market.
In summary, the NEPSE index demonstrated remarkable resilience and gained substantial ground during the four trading days of the week, erasing losses from the previous week. Despite some intraday fluctuations, the overall performance was positive, reflecting growing investor confidence and trading activity in the market.
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“NEPSE Weekly Summary: 2.92% Loss with Technical Analysis and Sector Comparison”
During this week, trading on the Nepal Stock Exchange (NEPSE) was limited to four days due to the Gai Jatra holiday on Wednesday. The NEPSE index closed at 1,932.45, reflecting a loss of 58.14 points, which amounts to a 2.92% decrease. In the previous week, the index had closed at 1,990.59, showing a 1.16% decline.
Throughout the week, the NEPSE index experienced fluctuations, reaching a high of 1,991.04 and a low of 1,930.52. This translated to a total volatility of 60.52 points, compared to 30.38 points of volatility in the preceding week.
The most significant intraday loss during the week was 29.81 points, occurring on Sunday, with a turnover of Rs. 1.18 Arba. Nevertheless, the total turnover for the entire week amounted to Rs. 4.23 Arba. These fluctuations indicate a dynamic week in the Nepali stock market.
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“NEPSE Weekly Update: 1.16% Loss with Technical Analysis and Highlights”
The daily RSI stands at 38.80, and the weekly RSI is at 47.58. In terms of MACD, both lines are below zero, with the signal line crossing the MACD line, showing a MACD reading of -24.33 on the daily chart.
The Nepse Index is currently below its 5-day and 20-day Moving Averages, which is generally seen as a bearish sign, but we should wait for more confirmation.
In the current scenario, the 1,950 level might serve as the nearest support, while resistance is likely to be encountered around the 2,085 level.
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“NEPSE Witnesses 10.45 Billion Rupees Loss in a Week: Technical Analysis, Sector Comparison, and Key Highlights”
Trend analysis is a technique used in technical analysis to forecast future movements by examining current trend data. Looking at the daily charts, we can see that the short-term trend is downward (bearish), while the medium-term trend is upward (bullish).
This Wednesday, there was a significant increase in points, with the highest intraday gain reaching 41.06 points. This gain was accompanied by a turnover of Rs 1.88 Arba. However, when we consider the entire week, the total turnover amounted to Rs 10.80 Arba.
In summary, trend analysis helps predict future trends by analyzing current data. The recent daily charts indicate a downward short-term trend and an upward medium-term trend. On Wednesday, there was a notable gain of 41.06 points with a turnover of Rs 1.88 Arba, contributing to a total weekly turnover of Rs 10.80 Arba.
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“CBFIN Urges Risk Weightage Reduction and Policy Changes in Nepal’s Financial Sector”
In banking and finance, risk weightage is a percentage assigned to assets or loans based on how risky they are. This percentage determines how much capital a bank needs to keep aside as a safety cushion in case of losses. Higher-risk assets get higher risk weightages, meaning more capital needs to be reserved for them. Lower-risk assets get lower risk weightages, requiring less capital. This calculation is vital for assessing a bank’s financial strength, known as the capital adequacy ratio.
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NEPSE Concludes The Week With 3.79% Gain and Turnover of Rs 14.88. Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More
During the past week, the NEPSE index experienced significant gains, closing at 2,263.92 after an impressive rise of 78.99 points, equivalent to 3.79%. The previous week had also seen a positive performance, with the index closing at 2,084.93 and recording a gain of 1.73% from the week before that.
Throughout the week, the index displayed volatility, fluctuating between its highest point of 2,177.76 and its lowest point of 2,079.39, resulting in a total volatility of 98.37 points. This marked an increase in volatility compared to the previous week, which had witnessed fluctuations of 71.91 points.
The substantial gains in the NEPSE index during the week indicate positive market sentiment and investor confidence, contributing to the overall growth in the stock market.
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“NEPSE Index Registers Double-Digit Gain in Today’s Trading Session, BPW Laghubitta Bittiya Sanstha Leads Individual Stock Performance”
In today’s trading session, the NEPSE index concluded at 2,165.24, reflecting a notable double-digit gain of 11.17 points or 0.52% compared to the previous day’s closing. The index had experienced a surge of 9.91 points in the trading session prior to today’s.
The trading day commenced with the NEPSE index opening at 2,154.02. Throughout the day, it demonstrated some downward momentum, reaching an intraday low of 2,141.82. However, it also reached an intraday high of 2,174.63 before settling at its closing value of 2,165.24.
During the day’s trading activities, a total of 260 scrips were exchanged in 51,445 transactions. The volume of shares traded amounted to 8,674,109, resulting in a total turnover of Rs. 3.34 Arba.
Among the various stocks, United Ajod Insurance Limited (UAIL) displayed the highest turnover, with a significant amount of Rs. 23.57 crores, closing at a market price of Rs. 631. The shares of KBL were the most actively traded.
In terms of individual stock performance, BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded the highest gain of 10% and reached the positive circuit for the day, indicating strong market demand for the stock.
Conversely, NIBL Samriddhi Fund -2 (NIBSF2) experienced the highest decline of 9.64%, indicating a negative performance for this particular stock.
As for sector indices, five of them ended the day with gains. The “Trading” sector witnessed the highest gain, increasing by 4.83%. However, the “Others” sector registered the highest loss, declining by 0.96%.
Overall, the trading session showed a positive trend for the NEPSE index, with some sectors performing particularly well, while others faced minor losses.
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“NEPSE Index Sees Significant Decline of 4.72% This Week”
During the past week, the NEPSE (Nepal Stock Exchange) index experienced a significant decline, closing at 2049.38 after a loss of 101.61 points, equivalent to a 4.72% decrease. In comparison, the index had closed at 2,150.99 the previous week, registering a gain of 4.64% from the week before that.
Throughout the week, the index reached its highest point at 2,158.83, but also dipped to its lowest point at 2,033.59, indicating a considerable volatility of 125.24 points. Comparatively, the previous week had witnessed a slightly higher volatility of 147.56 points.
In summary, the NEPSE index experienced a notable downturn during the week, resulting in a significant loss of points. The index displayed fluctuations between its highest and lowest points, demonstrating a level of volatility that was slightly lower than the previous week.