The stock market experienced the second circuit break.
The stock market, which opened following the monetary policy, has seen a second circuit break. Trading was halted for 20 minutes owing to the first circuit break after the NEPSE index rose by 4% in less than a minute after the market opened.
The market reopened after 20 minutes, having increased by 1 percentage point, or 5 percent, in just one minute, when the second circuit interruption happened. Following the second circuit break, there was a 129-point gain in the NEPSE index to 2697. Following the second circuit, trading is halted for forty minutes.
The 200 million share maximum that institutional investors may have obtained as collateral from banks and other financial institutions was eliminated last Friday by the official monetary policy. Large institutional investors now have the opportunity to invest significant sums of debt as a result.
When the second circuit broke, the banking index increased by 8.9 percent the most. Investment 4.8, Life Insurance 4.1, Manufacturing 4.3, Microfinance 2.8, Other 3.7, Development Bank 4, Finance 2.3, Hotel and Tourism 1.8, Hydropower 3, and Business Group 7.2 The proportion has gone up.
