NEPSE Hits Positive Circuit Breakers Following RSP Election Victory

Kathmandu. An unprecedented wave of enthusiasm has hit the stock market after the Rastriya Swatantra Party (RSP) secured nearly a two-thirds majority in the 2082 House of Representatives elections. Expecting a stable government and policy consistency, investors began buying shares aggressively, causing the market to hit three consecutive circuit breakers shortly after opening on Monday.

The first circuit breaker was triggered within a minute of the market opening as NEPSE rose by 4%, leading to a 20-minute suspension of trading. Upon reopening, the index climbed to 5% within another minute, triggering the second circuit breaker and a 40-minute halt. When trading resumed once more, the index rose an additional 1% to reach a total gain of 6% within a single minute, triggering the third circuit breaker and closing the market for the day.

On Monday, the NEPSE index rose by 162.93 points to settle at 2875.43. Shares of 253 companies were traded, with a total turnover exceeding 510 million rupees.

According to investors, the market surge is driven by expectations of a stable RSP government, commitments to stock market reforms, and potential economic improvements. Market analysts estimate that the bull trend starting today could lead NEPSE to set new records in the coming days.