The Nepal Stock Exchange (Nepse) was closed for the day on Monday after three positive circuit breakers were triggered as the benchmark index surged by six percent within minutes of trading.

The market, which reopened after the elections, witnessed a sharp rally immediately after trading began.

Within the first minute of trading, the Nepse index rose by 108 points (four percent), triggering the first circuit breaker. Trading was suspended for 20 minutes.

After the market reopened, the index climbed further within a minute, triggering the second circuit breaker, following which trading was halted for 40 minutes.

When trading resumed again, the index rose by 162 points (six percent) at 12:01 pm, activating the third circuit breaker, after which the market was closed for the rest of the day.

According to Nepse, shares worth Rs510 million were traded during the brief trading period.