June 29, Kathmandu:
The share market is reopening from today. A meeting of the Board of Directors of the Securities Board of Nepal (SEBON) on Sunday decided to direct the Nepal Stock Exchange (NEPSE) to open the market from Monday after one and a half months due to Covid-19 pandemic.
According to NEPSE, the trading in the stock market will begin at 11AM and close at 3 PM. All provisions related to trading, circuit breaker and limit of price fluctuation will be applied. NEPSE also imposed a new rule relating to the circuit breaker that automatically halts and suspends trading if the index increases or decreases by 2 percent in a day.
The capital market regulator said, “Investors, brokers, NEPSE, CDS and clearing and merchant banks should follow the COVID-19 safety guidelines published earlier,”. It said that the companies would be punished in case they did not follow the required safety measures.