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Market watch 4th September(Wednesday)

  41 min 5 sec to read
Market watch 4th September(Wednesday)
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                                        Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1194.77

OHLC Update of 18th Bhadra:

O: 1192.22
H: 1198.48
L: 1183.40
C: 1194.77

Pivot for 19th Bhadra:

S3

S2

S1

Pivot

R1

R2

R3

1170.87

1177.14

1185.95

1192.22

1201.03

1207.30

1216.11

Pivot for the 2nd Week (15th Bhadra- 19th Bhadra):

S3

S2

S1

Pivot

R1

R2

R3

1169.83

1181.96

1189.19

1201.32

1208.55

1220.68

1227.91

Pivot for the month of Bhadra:

S3

S2

S1

Pivot

R1

R2

R3

1139.02

1180.41

1202.22

1243.61

1265.42

1306.81

1328.62

Turnover Update:
On Month of Ashad    : 1080.72 Crores
On Month of Shrawan : 888.27 Crores

Volume of 1st Week of Bhadra: NRs. 154.59 Crores

Volume of 2nd Week of Bhadra: NRs. 162.48 Crores

16th Bhadra     : NRs. 40.75 Crores

17th Bhadra     : NRs. 51.05 Crores

18th Bhadra     : NRs. 43.64 Crores

Commentary:

  • 1.Today the NEPSE market has increased by 0.32 %. The Sensitive index has also increased by 0.24%. The Float index has gained 0.42% and Sensitive Float has gained 0.47% today.
  • 2.The turnover of today is less than that of previous day.
  • 3.Out of the 11 Sub-indices traded today, all of them are positive except Finance, Manufacture and Production, and Others. The noticeable changes are positive on Life Mutual Fund by 0.99%, Banking by 2.75% and Microfinance by 2.27%. Likewise, the negative changes are Finance by 0.62%.
  • 4.The CMP of 18th Bhadra is above the pivot of 19th Bhadra but it is below the weekly pivot and the monthly pivot.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

MBL

Rs. 9.30 Crores

258

NBL

Rs. 2.02 Crores

320

CIT

Rs. 1.97 Crores

2,297

PRVU

Rs. 1.64 Crores

269

SANIMA

Rs. 1.57 Crores

354

Top 5 Gainers:

Scrips

LTP

Percentage Change(in%)

PPCL

106

9.28

RHPC

85

4.94

KRBL

110

4.76

NMFBS

1,558

4.35

GLBSL

490

4.03

Top 5 Losers:

Scrips

LTP

Percentage Change(in%)

HIDCL

141

-3.42

SFFIL

255

-3.40

UFL

180

-3.22

SMFBS

813

-3.21

KSBBL

145

-2.68

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 24.84 Crores

871,927

2,004

Finance

NRs. 0.26 Crores

17,516

82

Hotels

NRs. 0.07 Crores

3,080

17

Manufacturing And Processing

NRs. 1.43 Crores

22,633

154

Others

NRs. 2.96 Crores

28,288

265

Hydro Power

NRs. 2.47 Crores

153,933

1,660

Non Life Insurance

NRs. 1.82 Crores

43,885

302

Development Banks

NRs. 1.95 Crores

90,738

280

Mutual Fund

NRs. 0.04 Crores

47,235

27

Promoter Share

NRs. 0.88 Crores

16,947

16

                                  Pic. Showing Sensitive Candle Stick Chart

Conclusion:

  • 1.Today, the market has increased and become positive along with it sub-indices.
  • 2.Observing today’s candle stick, it is Hammer. By the end of the trading day, the market closes near to its high for the day. This signifies a weakening of the previous bearish sentiment.
  • 3.Since the certainty for a Hammer indicator is low, the trend reversal can be confirmed by a higher open and an even higher close on the next trading day.
  • 4.The CMP of today is above the pivot for the next day.

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