KATHMANDU, JULY 2
The Nepal Stock Exchange (NEPSE) witnessed notable volatility today, triggering two circuit breakers as the index rose by 47.04 points, or 2.29 percent, to close at 2,100.43 points by the end of the trading day.
The market encountered its first turbulence just one minute after opening, surging by 4% from the previous day's close, a 82.48 points increase to reach 2,135.87 points, which activated the first circuit breaker and resulted in a 20-minute trading halt.
Upon resuming at 11:21 AM, the market climbed an additional 1%, totaling a 5% or 102-point increase, thus triggering the second circuit breaker and suspending trading for 40 minutes.
When trading resumed for the third time at 12:01 PM, contrary to expectations of a third circuit breaker, the market began to decline after reaching 2,162 points. Despite continued fluctuations, the trading day ended with an overall positive sentiment.
As per NEPSE regulations, a 20-minute halt is mandated after a 4% movement within an hour, a 40-minute halt for a 5% movement within two hours, and a market closure for the day if a 6% movement occurs at any time.
During this volatile session, the sensitive index, which measures the performance of class 'A' stocks, increased by 2.47%, while the float index, representing actively traded shares, rose by 2.41%.
Despite the market's decline and fluctuations after the third reopening, the overall sentiment remained positive, with all sectors recording gains.
The manufacturing and processing sector led the gainers with a 3.30% rise, followed by the trading sector at 3.12% and the banking sector at 3.03%.
In today's market, 227 companies advanced, while 17 declined, and three remained unchanged.
Following the positive market sentiment, the daily turnover increased to Rs 4.57 billion, with 11,645,905 units of shares of 315 companies traded in 60,720 transactions. The intraday turnover on Monday was Rs 2.99 billion.
The total market capitalization stood at Rs 3.330 trillion.
