All Trading Halted For 40 Minutes After NEPSE's 5.03% Plunge, Highest-Ever For a Single Day

The trading session for the day has been halted after the index lost 5% in the first two hours of trading. With this, NEPSE has lost big money, the highest it ever lost in a single trading session. 

The index opened at 2,928.80 and immediately went on a downward spiral. It went as low as 2,779.68, hence hitting the 40 minutes halt after it lost 5.03% from last week's closing at 2,926.89.

Index-based Circuit Breakers or market halt system applies at 3 stages of the NEPSE index movement on either way by 4%, 5%, and 6%. These circuit breakers when triggered bring about a trading halt in all equities.

• In the case of 4%, movement, either way, there would be a market halt for 20 minutes if the movement takes place during the first hour of trading i.e. 12:00 hours. In case this movement takes after 12:00 hours there will be no trading halt at this level and the market shall continue trading.
• In the case of 5% movement, either way, there would be a market halt for 40 minutes if the movement takes place before 13:00 hours. In case this movement takes after 13:00 hours there will be no trading halt at this level and the market shall continue trading.
• In the case of 6% movement, either way, trading shall be halted for the remainder of the day.

All sectors have lost as of this moment. Finance has lost a stabbing 9.35% while Development Bank has lost an equally painful 9.04%.