NEPSE closes early after hitting 6% ceiling as election rally triggers third and final circuit breaker
Summary
Nepal Stock Exchange closed early after the NEPSE Index surged 6%, triggering a full-day circuit breaker amidst an election-driven trading rally.
Key Points
- The Nepal Stock Exchange (NEPSE) closed early after the NEPSE Index hit a 6% gain, triggering a full-day closure as per regulations.
- The index rose to 2,875.43 points, a gain of 162.93 points or 6 percent in a single trading day.
- Three circuit breakers were triggered: a 20-minute halt at 4% gain, a 40-minute halt at 5% gain, and the final closure at 6%.
- Trading turnover reached Rs 555 million with shares of 261 companies traded, with most advancing and only one declining.