NEPSE halts trading after three circuit breaks

The Nepal Stock Exchange (NEPSE) on Monday experienced a tumultuous trading day, prompting three consecutive circuit breaks and ultimately halting trading for the day.

Trading started at 11 am, witnessing a rapid ascent of 4% or 79 points from the previous day’s close, triggering the first circuit break merely three minutes into the session.

After a 20-minute suspension, trading resumed, only to face another surge of 5% or 98 points, leading to a second circuit break at 11:24 am. The market was suspended for 40 minutes.

After reopening at 12:04 pm, the market saw a further 1% increase, culminating in a total 6% rise from the previous day and triggering the third circuit break, resulting in the complete cessation of trading for the day. The NEPSE index soared by 117.70 points, settling at 2,078 points.