Nepse update: Optimistic investor causes Nepse breach four percent in intraday transaction

Sharesansar, December 14:

Optimistic Investors lead share market bench mark Nepse to breach four percent in intraday transaction. Nepse has crossed the psychological level of 900 at 2:45 pm and reached 905 points.

Even Nepse increased by four precent, market wasn’t halted for its growth. According to the nepse rule, market will be halted for 15 min if there is 3 percent growth in index within initial hour. And if it able breach 4 percent in second hour, market will be halted for half an hour. Five percent growth in index will lead market to shut down for the entire day.

But Sunday there was continuous growth in index to the four percent and market remains stable. It closed up by 4.52 percent, which shows investors are stepping in market rationally.