Trading at the Nepal Stock Exchange (NEPSE) was suspended today after the market hit its third consecutive positive circuit.
The NEPSE Index rose by 162.93 points, closing at 2,875.43, marking a 6 percent increase.
The stock market showed strong investor enthusiasm on the first trading day after the House of Representatives election. Shortly after the market opened, the index surged by 4 percent, triggering the first positive circuit, which halted trading for 20 minutes.
Trading resumed at 11:21 AM, but within a minute the market hit the second positive circuit after the index climbed 5 percent, leading to another suspension for 40 minutes.
At 12:01 PM, the index increased by 6 percent, triggering the third positive circuit, after which trading was suspended for the rest of the day, according to NEPSE.
Under the current circuit breaker rules, trading is halted:
- For 20 minutes if the index rises or falls by 4% within the first hour of trading.
- For 40 minutes if it changes by 5% during the second hour.
- And if the index moves 6% in the third hour or later, trading is suspended for the remainder of the day.
During today’s session, shares of 261 companies were traded. A total of 1,143,767 shares changed hands through 4,051 transactions, amounting to Rs 555.96 million in turnover.
Sector-wise gains included:
- Banking: +6.92%
- Development Banks: +5.91%
- Finance: +5.47%
- Hotels and Tourism: +5.73%
- Hydropower: +6.81%
- Investment: +7.06%
Other sectors also posted gains, including:
- Life Insurance: +4.67%
- Manufacturing and Processing: +5.30%
- Microfinance: +4.07%
- Mutual Funds: +0.18%
- Non-life Insurance: +3.74%
- Trading: +7.73%
- Others: +5.56%.
About the Author
