Stock market closed for the day as NEPSE index surges six percent
KATHMANDU, March 4 -- The stock market has been suspended for the day following a surge in the Nepal Stock Exchange (NEPSE) Index. The index witnessed an unprecedented increase of 6.0% at 12:04:42. Witnessed its second circuit break this Monday.
The initial halt was triggered as the NEPSE index surged by 4 percent or 79 points within a mere 3 minutes of trading commencement.
The market encountered another circuit breaker 20 minutes later, following a 5 percent uptick in trading activity. Subsequently, the NEPSE index soared by an additional 98 points, reaching a tally of 2059 points.
Currently, trading has been paused for 240 minutes. The circuit rules state that if the market jumps or drops by 4 percent within the initial hour of trad...
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