Trading halted for 20 min as NEPSE index surges 4 pc within 1 min 31 sec

KATHMANDU: Nepal Stock Exchange (NEPSE) index experienced a positive circuit today. Trading was halted for 20 minutes after the NEPSE index surged by 4% within one minute and 31 seconds of the market opening.

This surge is attributed to the positive impact of the monetary policy for the current fiscal year 2024/25 on the capital market.

Previously, the NEPSE index witnessed a significant boost after the agreement between two major political parties in the Federal Parliament, Nepali Congress (NC) and CPN (UML), to form a new coalition government, on July 2, 2024. The index had surged by 4% within the first minute, leading to 20-minute trading halt. Subsequently, when the index increased by 5% after trading resumed at 11:21 am, the second 40-minute halt was implemented.

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