Kathmandu, 10 Dec : There has been a circuit break in the stock market three times on Sunday. Nepal Stock Exchange (NEPSE) has closed trading for the third time after a circuit break.
The first circuit break occurred after the market rose by 4 percent within five minutes of the market opening today. The market, which opened at 11.25 am, rose by 5 percent in two minutes and was halted for 40 minutes due to the second circuit break. After that, the market opened again at 12:07 pm and the trading was closed for today after the circuit break increased by 6 percent.
According to the provisions related to circuit break, if the NEPSE index decreases or increases by 4 percent in the first hour of the beginning of trading, then the transaction will be closed for 20 minutes. Similarly, if there is a decrease or increase of 5 percent in the second hour, then 40 minutes and in the third hour or later, if there is a decrease or increase of 6 percent, then the rest of the day will be closed.
At the same time, the nepse index rose by 111.20 points to 1,963.98 points on Sunday. 13 lakh units of shares worth Rs 482.4 million in 9 minutes today.
The stock market has risen after the first quarter review of monetary policy. Investors have been encouraged by the reduction of the risk weight of the loan from 150 percent to 125 percent.
Shares of insurance, hotel and tourism, development bank, production and processing, microfinance, hydropower, trade and finance group rose by high points today. Shares of Reliance Finance, Joshi Hydropower, Rapti Hydro, Shubham Power and Kalinchok Darshan rose 10 per cent today. Shares of five companies fell slightly on the day of the circuit break in the stock market.
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