Market Update: NEPSE hits 5% negative circuit break in the second trading hour; NEPSE fall by massive 72.03 points

The benchmark index at Nepal Stock Exchange Limited (NEPSE) has decreased by 5.02% percent to 1,363.67 points today in the second trading hour. Nepal Stock Exchange has now suspended its operation due to the continuous downfall. Market will now resume after a 40 minutes halt i.e. at 1:12 PM onwards. Total turnover till now is 91.80 crore.

If the market falls or increase by more than 6% in a day then its suspended for the day. 

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