Like Covid 19, Uncertainty prevails in NEPSE too; Market witnessed 5% circuit fall to close at 1269.48 points with Rs 29.35 turnover

Thu, Jul 2, 2020 11:48 AM on NEPSE News, Latest,

The benchmark index at Nepal Stock Exchange Limited (NEPSE) has hit the second lower circuit of 5% at 11:47 AM. NEPSE has fallen by 5.02% percent or 67.04 points to close at 1,269.48 points in the first trading hour. Nepal Stock Exchange has now suspended its operation due to the continuous fall. The market will now resume after a 40 minutes halt i.e. at 12:27 PM onwards. So far,  Rs 29.35 crore turnover has happened in NEPSE. 

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 a 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 a 6% movement, either way, trading shall be halted for the remainder of the day.