Nepse susupends trading after third circuit breaker

Nepse susupends trading after third circuit breaker

Nepal Stock Exchange (Nepse) suspended today's trading after the third circuit breaker as the market witnessed a rise of over five per cent. The shareholders of Prime Commercial Bank gained 10 per cent whereas the market saw trading of Rs 331.45 million turnover from 673,123 stocks of 96 listed companies. The market today gained 37.95 points to close at 771.2 points as all the seven sub-groups gained. As usual hydropower, banking and insurance sub-groups propelled the market. Though there are only four hydropower companies listed in the market, the sub-group has been one of the key players in the market. Sanima Mai hydro is going to list its shares soon making it the fifth hydropower company in the market. Nepal SBI Bank shareholders gained Rs 88 per unit share, whereas Nabil Bank shareholders gained Rs 86 per unit in a day today. Likewise, Everest bank shareholders gained Rs 85 per unit. Fearing the manipulation in the market, the Nepse has yesterday asked the listed companies not to float any decisions that could influence the stock price before the closing time of trading at the market at 3 pm as the trend of influencing stock prices increased in recent months. A few days ago, Nepse had also asked the listed companies to communicate any price-sensitive decision to the Nepse first.
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