KATHMANDU, Sept 18:The shockwaves of the Gen Z movement have hit Nepal’s stock market. For the first time since September 8, the market reopened on Thursday but was forced to shut down after three consecutive negative circuits.
The NEPSE index plunged by 160.33 points, closing at 2,511.91.
Nepse closes week on a firmly higher note
Trading was halted just two minutes after opening when the first negative circuit triggered, suspending transactions for 20 minutes. By 11:02 AM, the index had already dropped 107.04 points to 2,565.21.
When trading resumed at 11:22 AM, the slide continued, and within a minute, the second negative circuit hit, closing the market for another 40 minutes. The market reopened at 12:03 p.m., but within three minutes, a third negative circuit forced a full-day shutdown.
Within just six minutes of trading, transactions worth Rs 728.7 million were recorded.
