Kathmandu: The stock market witnessed an extraordinary surge on Sunday, triggering the circuit breaker three times and forcing trading to halt for the rest of the day.
Soon after the market opened, strong buying pressure from investors pushed the market up by 4 percent, activating the first circuit breaker and suspending trading for 20 minutes. When trading resumed, the market continued its upward momentum, rising by another 1 percent and triggering the second circuit breaker, which halted trading for an additional 40 minutes.
Investor enthusiasm remained high even after the market reopened. Within less than a minute of resumption, the market climbed another 1 percent, leading to the third circuit breaker and resulting in the closure of trading for the entire day.
The NEPSE index jumped by 162.93 points to reach 2,875.43 points. Share prices of 253 listed companies increased, while only Reliance Spinning Mills recorded a decline.
Due to the repeated circuit breakers, the market was able to operate for barely about two minutes in total. Even within this brief period, shares worth around Rs 510.6 million were traded, reflecting the strong bullish sentiment among investors.
