KATHMANDU: The Nepal Stock Exchange (NEPSE) has suspended regular securities trading today due to a technical issue at a data center hosting the servers of 72 trading member companies connected to NEPSE’s trading system.
In a notice issued on Monday, NEPSE said a technical problem had occurred at Data Hub Pvt. Ltd. on the morning of Ashwin 4. Although efforts are underway to resolve the issue, it has not yet been fixed.
NEPSE said continuing trading while the technical problem at the data center persists could potentially damage the stock exchange’s trading system.
Meanwhile, the Stock Brokers Association of Nepal had also requested NEPSE to suspend today’s regular trading session. Following the request, Nepal Stock Exchange Limited decided to suspend regular trading for Ashwin 5 in accordance with Rule 21(1) of the Securities Listing and Trading Regulations, 2075.
NEPSE clarified that the suspension was necessary to prevent further damage to the trading system if trading were to continue before the technical issue is resolved.
Comment