In 13 minutes of market opening, NEPSE hit 4% upper circuit breaker with Rs 14.39 crore turnover

The benchmark index at Nepal Stock Exchange Limited (NEPSE) has increased by 4% percent to 1310.90 points today in the first trading hour. Nepal Stock Exchange has now suspended its operation due to the continuous rise. The market will now resume after a 20 minutes halt i.e. at 11:33 AM onwards. Till now Rs 14.39 crore turnover has happened 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.

SEBON to allow stock market operation from today; provides guidelines for NEPSE for market operation; screening rooms at broker offices will remain close