KATHMANDU: Following a 40-minute delay in opening today, the Nepalese Stock Exchange (NEPSE) witnessed a remarkable 6 percent surge.
However, the day’s trading was abruptly halted after just 2 minutes of activity.
On Sunday, the NEPSE index soared by 6 percent, prompting a full-day suspension of trading.
Upon resumption today, the market experienced a rapid 6 percent increase within the initial 2 minutes of trading, resulting in an immediate closure.
The NEPSE index recorded a gain of 111.20 points, settling at 1963 points.
The day’s turbulence included a 20-minute trading halt after a swift 4 percent surge within the first 5 minutes of the market opening.
Following this, the market resumed and, after consistently rising beyond 4 percent, faced another 40-minute break upon reaching a 5 percent increase.
Market dynamics seem to dictate specific intervals for trading interruptions.
A 4 percent rise triggers a 20-minute hiatus, while a 5 percent increase prompts a 40-minute break within 2 hours.
Moreover, if the market witnesses a 6 percent surge, trading remains suspended for the entire day.
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