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 share transaction on Tuesday and Wednesday based on the decision of the SEBON.
As the share market nosedived on both the days, transactions were closed in the early hours of opening. With negative circuit break of more than two percent in NEPSE on both the days, officials ordered the closure of the share market.
According to NEPSE, share transaction is closed till May 18 as the lockdown order continues to reduce the risk of corona virus.