NEPSE Hits 6% Positive Circuit, Market Closes for the Day After 1 Minute 45 Seconds of Trading

In a volatile morning session at the Nepal Stock Exchange Limited (NEPSE), investors experienced a whirlwind as the market underwent a staggering 6% surge. This unexpected and substantial increase prompted NEPSE to implement a series of trading halts, ultimately leading to the early closure of the market for the entire day.

The tumultuous events unfolded in two distinct phases. In the initial phase, trading lasted for just 1 minute 10 seconds before a 20-minute halt was triggered. The market resumed at 11:21 AM but surged again within 20 seconds, leading to a second halt of 40 minutes. Trading recommenced at 12:01 PM and lasted only about 25 seconds before another rapid 6% positive circuit was hit, resulting in the final closure of the market for the day.

Throughout these phases of suspension, market activity remained active, with the total turnover in NEPSE reaching an impressive Rs 55.59 Crores. The market concluded the tumultuous day at 2,875.43 points, showcasing a remarkable triple-digit gain of 162.93 points.

NEPSE's Dramatic Surge: 5% Spike Triggers 40-Minute Trading Halt, Turnover Hits Rs 28.51 Crore

NEPSE Implements Circuit Breakers as Index Surges by 4%, Triggers Temporary Trading Halt for 20 Minutes

NEPSE's protocol for a 6% movement includes an immediate and complete trading halt for the remainder of the day, emphasizing the exchange's commitment to implementing comprehensive measures in response to extraordinary market fluctuations.

Almost three months since the last positive circuit, NEPSE's recent surge adds an extra layer of significance to the day's events. The last time a positive circuit was hit was on March 04, 2024, when NEPSE closed at 2,078 levels, gaining around 117.70 points or 6.00%. On that day, the turnover stood at Rs. 37.52 Crores.