Shares traded in just four minutes on Thursday, nine companies rose, 217 fell
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On the first day after the Zen-G movement, the market (Nepse) that opened on Thursday has seen a 'landslide' of 160 points. NEPSE has been closed since August 24 due to the agitation. After 10 days, the stock market opened on Thursday, in which NEPSE fell by 6 percent to 2,511.91 points compared to the previous trading day.
Only on Thursday, NEPSE decreased by 160.33 points. This is the first time in history that the NEPSE has fallen by so many points in a single day. On July 22, 2081, the NEPSE fell by 145.05 points on the same day.
On the day when the NEPSE increased, it increased by 161.94 points on the same day. 078 Aug 21 I had a one day increase in NEPSE. After the NEPSE fell by 4 percent in the first two minutes of the market opening on Thursday, the stock trading was closed for 20 minutes through a circuit breaker. Then the market opened at 11:22. NEPSE fell by 5 percent in the first minute of market opening. At 11:23, business was halted for 40 minutes through a second circuit breaker. After the open market fell by 6 percent, trading was closed at 12:06 through the third circuit breaker, according to NEPSE. When the market closed, NEPSE decreased by 160 points to 2,511.91 points.
Nepal Stock Exchange has arranged a circuit breaker since 2064 to control the abnormal fluctuations in the stock market. Before 2064, there was a system in which the stock market could fluctuate as much as one day. According to the current arrangement, if NEPSE increases or decreases by 4 percent in the first hour of market opening, trading is stopped for 20 minutes through a circuit breaker. Then, if the open market rises or falls by 5 percent within an hour, trading is halted for 40 minutes through a second circuit breaker. After that, when the open market increases or decreases by 6 percent in one hour, the trading is suspended for the whole day.
Therefore, the NEPSE index cannot rise or fall more than 6 percent in a single day. Not only in the overall market, the arrangement of circuit breakers has also been imposed by NEPSE in companies. If the share price of a company falls by 10 percent, it is being controlled through circuit breakers. Only 7,335 shares were traded on Thursday. In those transactions, the share price of only 9 companies increased, while 217 companies decreased. In a short period of time, 1752 thousand 781 shares were bought and sold. Only 72 million 87 million rupees worth of transactions have been done in those purchases. The transaction amount has also decreased compared to the previous trading day.
The business subgroup index fell the most on the day by 9.34 percent. Similarly, the index of other sub-groups decreased by 7.48 percent, hotel and tourism by 7.24 percent and investment by 7.18 percent. According to NEPSE, on Thursday, the index of banking sub-group was 5.52, development bank 5.13, finance company 4.52, hydro power 5.40, life insurance 6.66, production and processing 5.02, microfinance 4.08 and non-life insurance 5.42 percent. On Thursday, the prices of 16 companies fell by 10 percent.
