The shockwaves of the Gen Z movement have rattled Nepal’s stock market, forcing an unprecedented shutdown on Thursday. It was the first market reopening since September 8, but trading was halted after three consecutive negative circuits.
The NEPSE index plunged by 160.33 points, closing at 2,511.91.
Trading was first halted just two minutes after opening, when the initial negative circuit was triggered, suspending transactions for 20 minutes. By 11:02 AM, the index had already dropped 107.04 points to 2,565.21.
When trading resumed at 11:22 AM, the decline accelerated, and within a minute, the second negative circuit was hit, closing the market for another 40 minutes. The market reopened at 12:03 PM, but just three minutes later, the third negative circuit forced a full-day shutdown.
In just six minutes of active trading, transactions worth Rs 728.7 million were recorded.
