NEPSE's Loss Is Not Real; Faulty Scrip NIFRA Suspended from Trading But Index Still Unadjusted

Wed, Feb 24, 2021 1:06 PM on Latest, Stock Market,

NEPSE has suspended the trading of Nepal Infrastructure Bank Limited (NIFRA).

There was an error in the trading of NIFRA this morning. The company had lost 100% and had an LTP of Rs. 0 in the TMS. Clearly, this is erroneous and misleading. This had also affected the overall NEPSE index.

To work on the issue, NEPSE has issued a notice stating that the trading of NIFRA will be suspended until the issue is resolved. Although the trading is now suspended, the NEPSE index is still unadjusted. The index still incorporates the unnatural loss seen in NIFRA's share price. As of writing, NEPSE is at an unadjusted level of 2,528.41, with a faulty 58.10 loss.