Heavy selling pressure pushed the market down by 4% circuit levels; market to resume at 11:43 AM

After consecutive 6% upper circuit levels in the last two days, NEPSE witnessed 4% negative circuit or 53.50 points fall in mere 23 minutes of market opening to close at 1283.03 index levels. 

Nepal Stock Exchange has now suspended its operation due to the continuous downfall. The market will now resume after a 20 minutes halt i.e. at 11:43 AM onwards. Till now Rs 22.32 crore turnover executed in NEPSE. 

Index-based Circuit Breakers or market halt system applies at 3 stages of the NEPSE index movement on either way by 4%, 5%, and 6%. These circuit breakers when triggered bring about a trading halt in all equities.

• In the case of 4%, movement, either way, there would be a market halt for 20 minutes if the movement takes place during the first hour of trading i.e. 12:00 hours. In case this movement takes after 12:00 hours there will be no trading halt at this level and the market shall continue trading.

• In the case of a 5% movement, either way, there would be a market halt for 40 minutes if the movement takes place before 13:00 hours. In case this movement takes after 13:00 hours there will be no trading halt at this level and the market shall continue trading.

• In the case of a 6% movement, either way, trading shall be halted for the remainder of the day.