NEPSE's Rollercoaster Morning: 5% Surge Triggers 40-Minute Trading Halt, Total Turnover Hits Rs 26.37 Crore
Mon, Mar 4, 2024 11:32 AM on Stock Market, Latest,
Nepal Stock Exchange Limited (NEPSE) experienced a rollercoaster morning, with its benchmark index witnessing a second temporary halt due to a significant 5% surge. This abrupt increase prompted NEPSE to suspend operations for 40 minutes, highlighting the impact of market dynamics on trading activities. The total turnover during this brief suspension amounted to Rs 26.37 Crore. Currently at 2,059.00 levels, NEPSE resumes trading at 12:04 PM, showing a positive change of 98.69 points.
This interruption follows an earlier market pause today when the benchmark index surged 4% within the initial 3 minutes of opening. Trading resumed at 11:23 AM after a brief hiatus.
NEPSE adheres to a robust system of Index-based Circuit Breakers designed to manage extreme market movements. Trigger thresholds are set at 4%, 5%, and 6% in either direction, ensuring a measured response to market volatility.
Specifically addressing the 5% movement, NEPSE's protocol enforces a 40-minute trading halt if it occurs before 13:00 hours. However, if the movement takes place after 13:00 hours, trading continues without a halt. On the other hand, a 6% movement triggers a complete trading halt for the remainder of the day, ensuring comprehensive measures in the face of unprecedented market fluctuations.
