Market recovered from series of artificial fall; Relief to investors

The benchmark index at Nepal Stock Exchange Limited (NEPSE) bounces back after 4.07 percent negative circuit break in the second trading hour of the day. Today NEPSE index opened at 1468.72 points, the local bourse declined by 4.07 percent negative circuit break in the second trading hour. Market was resumed at 12:42 PM and was seen in upward trend. In domestic market, circuit breakers are clamped when share index rises or falls by 3 percent, four percent and five percent. This is done to protect the market from negative effects of sudden upward or downward movement in share prices. Bank of Kathmandu Lumbini Limited and Civil Bank Limited were among top traded shares. Many companies hit hit circuit fall after massive downfall. NEPSE had hit negative circuit by 3.01% yesterday as well in the first trading hour by losing 46.16 points within the first 45 minutes. It lost a total of 64.55 points (-4.21%) by the end of the trading day yesterday and closed at 1469.48 points.