Trade of Ridge Line Energy Shares Suspended After Price Falls Outside NEPSE Range
Ridge Line Energy’s first trade on NEPSE was halted after executing at Rs. 30-well below the prescribed opening range.
Trading of Ridge Line Energy Limited shares on the Nepal Stock Exchange (NEPSE) was temporarily suspended after its first transaction in the special pre-open session executed at a price significantly below the designated range.
The company’s shares were listed on NEPSE on Chaitra 11, with its initial trade scheduled for Chaitra 12 through the special pre-open session. NEPSE had set an opening price range of Rs. 100 to Rs. 300 per share for the first transaction.
However, during the pre-open session, the stock was traded at Rs. 30 per share—well below the lower limit of the approved range. Following this discrepancy, NEPSE immediately halted trading of the stock, citing a deviation from the prescribed pricing band.
According to NEPSE, the irregularity is linked to a technical issue within the trading system. The exchange stated that efforts are underway to resolve the problem and that trading may resume later in the day once the issue is rectified.
The incident highlights the importance of system integrity and price control mechanisms in maintaining orderly trading, particularly during the initial listing phase of newly listed securities.