NEPSE experiences six percent surge and trading suspension amid volatility

Published On: December 10, 2023 05:00 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Dec 10: The Nepal Stock Exchange (NEPSE) witnessed a remarkable six percent surge, following a 40-minute delay in opening today.

However, the day’s trading was abruptly halted after just two minutes of activity.

On Sunday, the NEPSE index soared by six percent, prompting a full-day suspension of trading.

Upon resumption today, the market experienced a rapid six percent increase within the initial two minutes of trading, resulting in an immediate closure.

The NEPSE index recorded a gain of 111.20 points, settling at 1963 points.

The day’s turbulence included a 20-minute trading halt after a swift 4 percent surge within the first five minutes of the market opening.

After resuming, the market encountered a 40-minute pause at a 5% surge, following a consistent rise beyond 4%. This highlights predetermined intervals for trading interruptions: a 4% increase leads to a 20-minute halt, while hitting 5% prompts a 40-minute break within a 2-hour window.

Furthermore, a 6% surge results in a full-day trading suspension.