In a tumultuous morning session at the Nepal Stock Exchange Limited (NEPSE), investors were taken on an exhilarating ride as the market experienced an astonishing 6% climb. This surprising and significant rise compelled NEPSE to put into action a series of trading suspensions, ultimately resulting in the market’s premature closure for the entire day.
The chaotic episodes transpired in two distinct stages. During the first stage, trading continued for merely 1 minute and 10 seconds before a 20-minute suspension was initiated. The market reopened at 11:21 AM but jumped once more within 10 seconds, causing a second suspension of 40 minutes. Trading resumed at 12:01 PM and lasted for only about 25 seconds before another swift 6% positive circuit was triggered, leading to the final shutdown of the market for the day.
Despite the interruptions, market activity remained vigorous, with the total turnover in NEPSE soaring to an impressive Rs 55.59 Crores. The market settled for the day at 2,875.43 points, showcasing an extraordinary triple-digit gain of 162.93 points.
NEPSE’s Stunning Climb: 5% Increase Sparks 40-Minute Trading Suspension, Turnover Reaches Rs 28.51 Crores
NEPSE Installs Circuit Breakers as Index Rises by 4%, Initiates Short-Term Trading Halt for 20 Minutes
NEPSE’s protocol for a 6% fluctuation mandates an immediate and total trading suspension for the remainder of the day, highlighting the exchange’s dedication to implementing thorough measures in response to exceptional market shifts.
Almost three months since the last positive circuit, NEPSE’s recent surge adds a deeper significance to the day’s happenings. The previous time a positive circuit was recorded was on March 04, 2024, when NEPSE closed at 2,078 levels, gaining approximately 117.70 points or 6.00%. On that particular day, the turnover reached Rs. 37.52 Crores.
