KATHMANDU: Trading at the Nepal Stock Exchange (NEPSE) was halted twice on Wednesday after heavy selloffs triggered back-to-back circuit breakers in the wake of the violent protests of September 8 and 9.
The first circuit breaker was activated just two minutes after the market opened, when the NEPSE index plunged by 4 percent.
Trading resumed after a 20-minute halt, but the index continued to slide, falling by 5 percent overall and triggering a second suspension. As a result, transactions were frozen for 40 minutes.
Following the second halt, the NEPSE index had dropped 133 points to stand at 2,538. Among the sub-indices, the “Others” group, which includes the two reinsurance companies, recorded the sharpest decline of 8.9 percent. Banking, development banks, investment, and life insurance groups also tumbled by more than 5 percent.
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