Trading Halted Due to "Internal Issues"

NEPSE trading has been halted due to internal issues in the system.

Sharesansar was made aware of multiple sell orders being placed for the same quantity of shares. We called NEPSE spokesperson Mr. Murari Parajuli. We talked to him but he wasn't present at the office today.

Just while we were covering the issue, NEPSE issued a notice informing about the trading being halted for "some time."

The same problem was there during the lockdown. Some investors had ended up selling five times the quantity of the shares they did not have. When we called NEPSE CEO Chandra Singh Saud at that time, he had informed us that the problem was later diagnosed to be in the connection between TMS and NOTS.

According to NEPSE spokesperson Parajuli, the technical team "must be" working on the issue. No further updates have been received on today's issue, even though the problem is the same. 

For more insight into this issue from last time, also read:

TMS makes you sell the same stock multiple times: Yes, you might lose money. No, NEPSE has no idea what went wrong