City Hotel’s Share Price Adjusted, Hits Positive Circuit Right After Market Opens

The Nepal Stock Exchange (NEPSE) today adjusted the share price of City Hotel Limited. The adjustment was made after the company closed its books to issue an 80% rights share, setting the new price at Rs. 578.42.

Based on the previous trading day’s (Monday) closing price of Rs. 961.15, NEPSE revised the valuation accordingly. Right after the market opened today, City Hotel’s stock hit the positive circuit limit, marking the start of trading in the secondary market at the adjusted price.