May 9, 2020 | Investopaper
Trading on the Nepal Stock Exchange (NEPSE) will resume from Tuesday. The Securities and Exchange Board of Nepal (SEB) had decided to close the market for a week from Chaitra 10 to Chaitra 16 due to the risk of spreading the Corona virus epidemic. Since then, the stock market has been closed with the government’s decision to impose a ban and extend it.
The stock market will open for two hours daily as the Securities and Exchange Board, Nepse, CDS and Clearing Limited, Merchant Bank, depository members and other financial institution will reopen. The share market will be open from 11 am to 1 am on Tuesday, according to Nepse.
Arrangement has been made to install circuit breaker as soon as the market fluctuates by 2 percent. After that, the day’s business will be closed. Similarly, it has been decided not to allow the share price to fluctuate more than 3 percent daily. Provision has been made to change the price up to 1 percent of the previous day’s price when entering the price in the initial trading session and up to 2 percent when entering the trading order.
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Securities sales must be paid for electronically. Similarly, it has been made mandatory for the investors to open Meroshare account and clear it from the same account through electronic deposit instruction slip.