NEPSE index plunged by 6.04 % to close at 1,495.30 levels; market is suspended for rest of the day from 13:29 onwards

The benchmark index at Nepal Stock Exchange Limited (NEPSE) has plunged by 6.04% percent i.e. 96.06 points to close at 1,495.30 points today in third trading hour. Nepal Stock Exchange has now suspended its operation for the rest of the day. Market will now resume tomorrow at normal trading hours. 

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 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 market shall continue trading.
• In the case of 6% movement, either way, trading shall be halted for the remainder of the day.