NEPSE Prepares to Reintroduce 15-Minute Weighted Average Price System, Circuit Breaker Limit Also Under Review
The Nepal Stock Exchange (NEPSE) is preparing to reintroduce the system of calculating the index based on the weighted average price of the final 15 minutes. Following a feasibility study by the Securities Board of Nepal, NEPSE has informed the board that its system is ready and that the circuit breaker limit of up to 15 percent may also be reviewed.
Kathmandu — Nepal Stock Exchange (NEPSE) is preparing to reintroduce the system of calculating the index based on the weighted average price of the final 15 minutes. NEPSE has stated that its system is fully ready for this.
Earlier, the provision was removed after widespread opposition from investors. However, after the Securities Board of Nepal directed a feasibility study on whether the system of calculating the index based on the final 15 minutes of trading could be implemented, NEPSE has prepared to reintroduce the provision.
NEPSE has already informed the board that its system is now fully ready to implement the 15-minute provision. An official of NEPSE confirmed that a formal letter with this information has also been sent to the board.
According to the official, NEPSE has informed the board that along with the 15-minute provision, the circuit breaker limit of up to 15 percent may also be reviewed.