Nepal Stock Market Hits Third Circuit Breaker, Trading Halted for the Day
Kathmandu. The stock market has hit its third circuit breaker. After the market opened today, it rose by 4 percent and trading was halted for 20 minutes. After reopening, the market rose another 1 percent, triggering a second circuit breaker. With this, the market was closed for 40 minutes.
After reopening following the second halt, the market rose another 1 percent in less than a minute, triggering the third circuit breaker. Consequently, trading has been halted for the entire day today.
Today, the market increased by 162.93 points, reaching 2875.43 points. While the prices of 253 companies increased in today's trading, only Reliance Spinning Mill's price decreased.
Trading today lasted barely 2 minutes. During this period, shares worth NPR 51 crore 6 lakh were traded.
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