NEPSE Implements Circuit Breakers as Index Surges by 4%, Triggers Temporary Trading Halt For 20 Minutes
Summary
Nepal Stock Exchange (NEPSE) temporarily halted trading for 20 minutes after the benchmark index surged 4% shortly after market opening, triggering the circuit breaker mechanism.
Key Points
- NEPSE index rose sharply by 4%, reaching 2,821.10 points within minutes of opening.
- The surge triggered a 20-minute trading halt as per NEPSE's circuit breaker rules for movements before 12:00 hours.
- Total turnover during this period was NPR 18.96 Crore.
- NEPSE's circuit breakers have thresholds at 4%, 5%, and 6% movements, with varying halt durations depending on the time of day.
