September 18 (Ashoj 2), Kathmandu, after the devastating events on Bhadra 23 and 24 (September 8 and 9), the stock market reopened but was halted on Thursday after hitting the negative circuit breaker three times. The market fell by 6% throughout the day.
Within just two minutes of opening, the NEPSE index dropped by 4%. Trading was then suspended for 20 minutes. After it resumed, the index fell another 1%, reaching a total drop of 5%, triggering the second circuit breaker at 11:23 AM.
Following the second circuit breaker, trading was halted for 40 minutes. When the market reopened at 12:04 PM, it fell by another 1% (a total of 6%), triggering the third circuit breaker, which resulted in the suspension of trading for the rest of the day.
With the 6% drop, the NEPSE index fell by 160 points to settle at 2,511. Trading lasted for only about 4 minutes in total, with a transaction volume of approximately NPR 728.7 million.
The Trading group saw the highest decline at 9.34%. Other major declines included:
- Others: 7.48%
- Hotels and Tourism: 7.24%
- Investment: 7.18%
The “Others” group includes the two reinsurance companies: Himalayan Reinsurance and Nepal Reinsurance, both of which saw significant drops, heavily impacting the group index.
Additional sector declines:
- Banking: 5.52%
- Development Banks: 5.13%
- Finance: 4.52%
- Hydropower: 5.40%
- Life Insurance: 6.66%
- Manufacturing and Processing: 5.02%
- Microfinance: 4.08%
- Non-life Insurance: 5.42%
Today, the stock prices of 16 companies dropped by 10%.
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