After the listing of NTC, the market trading halt policy has been changed for the smooth operation of the market. The existing value weighted index is highly influneced by the huge market capitalization of Nepal Telecom. Small changes in price of NTC's share will bring about big changes in the benchmark index which is not justifiable. To curb this problem free float index assigning weight to each scrips should be implemented by NEPSE as soon as possible. NEPSE has introduced the percentage system instead of previous point based system. Accordingly, the market trading will halt for 15 min. if NEPSE index changes by 3% of previous day's NEPSE index in either way before 13:00 hrs. Similarly if it changes by 4% in either way before 14:00 hrs market trading will halt for 30 min. and if NEPSE index changes 5% in either way market will halt for rest of the day.
Source: Jamb News Service
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Monday, August 25, 2008
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Whats wrong with NTC....why people running after it and want to see forcomming losses.......Please be carefull!
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