Nepal Stock Market Plummets: NEPSE Trading Halted After Circuit Breaker
(Image of the NEPSE graph in decline)
Hello stock market enthusiasts! Today’s Nepse trading session has been abruptly halted after a significant downturn, triggering a circuit breaker and leaving many investors concerned. The Nepal Stock Exchange experienced a sharp decline, dropping by a substantial 6% during Thursday’s trading. This marks the third consecutive day of significant falls, leading to the mandated suspension of share trading.
This means the Nepse index closed for the day and will remain closed until next Sunday, October 5th, at 11 AM. This measure, put in place to protect the market from extreme volatility, is implemented when the market experiences such a rapid decline. The stock market performance has resulted in trading ceasing for the rest of today’s session.
The market closed at 2511.91 points. Today, the NEPSE index saw a substantial drop of 160.33 points. Despite the halt in trading, the total stock market transaction volume reached approximately 720 million Nepalese rupees.
Keep a close eye on the stock market and Nepse developments, and stay informed as the market tries to recover.
