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NEPSE declines by 885 points in a single day? What is the reality?

SPIL
Nepal Life

Kathmandu. The NEPSE index increased by 19.27 points to close at 2,674.20 points today. However, within an hour of the close, the NEPSE index fell by 885.32 points or 33.34 percent to close at 1769.60 points on the NEPSE website.

Normally, in the first hour of trading, the trading time will be closed for 20 minutes if the NEPSE index rises or decreases by 4 percent. If the market rises or decreases by 5 percent, trading is suspended for 40 minutes. Trading is suspended for the rest of the time when the market reopens when it rises or decreases by 6 percent.

Esewa
Crest

Therefore, the 33.34 percent decline seen on Nepse’s website today is not real. This is evident when there is a technical problem.

An official of NEPSE has found an error in the data displayed on NEPSE’s website due to a technical problem. “Technicians are working to resolve the problem,” the official said, adding, “The problem will be resolved soon.” ’

The website of NEPSE has been taken down to resolve the technical problem.

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