NEPSE Trading halted for 20 minutes after a 4% increase in the second minute.

Tue, Jul 02, 2024 11:29 AM

The stock market experienced a surge following the announcement of a new government formation. The agreement between CPN-UML and Nepali Congress to form a government caused a significant rise in the stock market on Tuesday. In just the second minute of the market opening, the NEPSE index soared by 4%, triggering a circuit breaker and halting trading for 20 minutes. Trading will resume on NEPSE after this 20-minute pause.

Investors are particularly excited about the possibility of Bishnu Paudel from the UML, a preferred candidate among investors, becoming the Finance Minister.

How are you feeling after reading this post?