NEPSE hit 5% upper circuit at 1553.06 levels; trading to resume at 12:02 PM

The benchmark index at Nepal Stock Exchange Limited (NEPSE) has hit the second upper circuit at 11:22 AM. NEPSE has increased by 5% percent or 74.02 points to close at 1,553.06 points in the first trading hour. Nepal Stock Exchange has now suspended its operation due to the continuous rise. The market will now resume after a 40 minutes halt i.e. at 12:02 PM onwards. So far, Rs 9.19 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.