RSML Sheds 10.20 Points as NEPSE Triggers Final Positive Circuit Breaker
Summary
Nepal Stock Exchange triggered a final circuit breaker after a 6% surge in the NEPSE index, while Reliance Spinning Mills Limited shares fell 1.49% and closed at Rs 675.30.
Key Points
- Nepal Stock Exchange (NEPSE) index surged by 6%, triggering the final circuit breaker and halting trading.
- Reliance Spinning Mills Limited (RSML) shares dropped 10.20 points (1.49%) to close at Rs 675.30.
- RSML shares had hit nine consecutive positive circuits since their trading start on February 16.
- RSML's IPO was oversubscribed over 30 times, with significant interest from both general public and Nepali migrant workers abroad.
