NEPSE Implements Circuit Breakers as Index Surges by 4%, Triggers Temporary Trading Halt For 20 Minutes
Summary
The Nepal Stock Exchange Limited (NEPSE) temporarily halted trading for 20 minutes after its index surged by 4% within the first three minutes of market opening, triggering circuit breakers designed to stabilize the market.
Key Points
- NEPSE index surged by 4%, gaining 102.41 points to reach 2,662 within three minutes of opening.
- This rapid increase triggered a 20-minute trading halt as per NEPSE's circuit breaker rules for movements of 4% during the first hour.
- Total turnover during this period was 27.5 Crore.
- NEPSE has circuit breakers set at 4%, 5%, and 6% movements, with varying trading halt durations depending on the time and extent of the movement.
