Share market transaction closed as long as lockdown order
The Securities Board of Nepal (SEBON) has directed the Nepal Stock Exchange (NEPSE) to close the share market from trading.
The NEPSE had opened on the 50th day of the lockdown and resumed the share transaction on Tuesday and Wednesday based on the decision of the SEBON. As the share market nosedived in both the days, the transactions were closed in the early hours of opening.
With negative circuit break of more than two percent in NEPSE in both the days, the officials ordered the closure of the share market. Against the backdrop, the share market was closed as per the SEBON’s direction, NEPSE said. According to NEPSE, the share transaction is closed till May 18 as the lockdown order continues to reduce the risk of corona virus.