NEPSE Halted By 6% Negative Circuit Breaker; All sectors close red; NRIC closes with all-time high individual turnover but 10% loss

The benchmark index at Nepal Stock Exchange Limited (NEPSE) has decreased by a massive 6.00% to 1,932.11 today at 2:13 PM. Nepal Stock Exchange has now suspended its operation for the rest of the day. The regular market will now resume tomorrow. Total turnover for the day stood Rs. 7.2 Arba.

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.

The last time that the market observed the 6% circuit breaker was on July 19 of this year. However, this was a circuit breaker of a positive 6% gain. Today, the market has lost 6%.

The NEPSE index lost 123.34 points and closed at 1,932.11 today.

The index opened at 2,047.78, which was the intraday high itself. Meanwhile, the index closed at its intraday low of 1,932.11.

15,490,078 shares traded hands via 61,958 transactions. Nepal Reinsurance Company Limited (NRIC) has the highest individual scrip turnover of Rs. 1.16 Arba. This is the highest individual scrip turnover ever recorded in NEPSE's history if we exclude the bulk trading of promoter shares. The shares of the Global IME Samunnat Scheme 1 (GIMES1) traded the most today.

Reliance Finance Limited (RLFL) gained the most 2.3% today. It can be seen in the table below that none of the scrips gained significantly.

Meanwhile, if we look at the table below, we see that a lot of scrips are at or near the 10% loss, which is the maximum loss allowed before the trading halt.

All sectors lost today, with the sector "Others" losing a massive 9.13%.