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NEPSE: 5 percent jump leads to 40-minute trading pause


28 July 2024  

Time taken to read : 2 Minute


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KATHMANDU: The Nepal Stock Exchange Limited (NEPSE) saw a notable rise this morning as its main index surged by 5 percent, resulting in a second temporary trading halt.

This sharp increase led to a 40-minute suspension of trading, highlighting the significant effects of market volatility.

During this pause, the total turnover amounted to Rs 52.49 crore.

Trading resumed at 12:02 PM with the index showing a gain of 129.07 points.

Earlier today, the market encountered another brief halt when the benchmark index rose by 4 percent shortly after opening.

Trading recommenced at 11:21 AM following this short break.

NEPSE employs Index-based Circuit Breakers to address extreme market fluctuations.

The thresholds for these breaks are set at 4 percent, 5 percent, and 6 percent in either direction to manage market volatility effectively.

For a 5 percent movement, NEPSE implements a 40-minute trading halt if it occurs before 1:00 PM.

If the movement happens after 1:00 PM, trading continues without interruption.

A 6 percent movement, however, leads to a complete trading halt for the remainder of the day, providing a robust response to exceptional market changes.

Publish Date : 28 July 2024 12:52 PM

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