NEPSE closed for the day after repeated negative circuits

Kathmandu, Sept 18: Share trading has closed for today after NEPSE – the benchmark index of share transaction in stock market dropped by six percent. 

The market had started plummeting immediately after the commencement of stock trading. 

Within two minutes of the market resumption, the NEPSE index had dropped by four percent. The first negative circuit was applied within a short time. 

After the closure of the share market for 20 minutes and its subsequent reopening, the second circuit was triggered at 11:23 am. At that time, the market had declined by five percent. 

Following the second circuit, trading was suspended again for 40 minutes. When NEPSE opened the market again at 12:04 pm, the index had invariably dropped by six percent. 

The trading was closed following the third circuit. According to NEPSE, the index dropped by 160.33 points to 2,511.91. 

Total trading volume recorded in the limited time was Rs 728.72 million. The stock market that remained closed due to adverse situation in the country in the wake of the Gen-Z protests on September 8-9 had opened today.  (RSS)