The Securities Board of Nepal (Sebon) has asked investors not to panic because of plummeting Nepse.
The regulatory authority of the capital market expressed its serious concern over the present state of Nepali securities market.
Sebon has urged the investors not to take decisions regarding selling or buying of shares based on rumours. “The investors need to be well-informed about the company’s financial indicators and performance history before they invest their money in any stock,” a press release issued here by the Sebon said.
At present, Nepse is hovering around 400 points — the lowest in almost last four years. Sebon, being the regulatory body, has assured the people that there is nothing to be worried about.
The statement dubbed the present free-fall of Nepse as a temporary phenomenon that is natural in any market and insisted the investors to have more patience and not fall prey to panic selling that maximizes the risk.
“Most of the preliminary process of establishing Central Depository System (CDS) has already been completed and since Mutual Funds Regulations are also in the offing, the entry of institutional investors through mutual funds would stabilise the market,” the Sebon said, adding that the addition of new stock brokers, most probably by next month, will also help the expansion and promotion of the market.
Sebon is also starting Capital Market Development Master Plan with an assistance from the World Bank. Under the plan, international consultants will study the condition of Nepali capital market and suggest the ways to improve it. “The programme will evidently improve overall state of the capital market,” it added.
(news source: thehimalayantimes.com)
The regulatory authority of the capital market expressed its serious concern over the present state of Nepali securities market.
Sebon has urged the investors not to take decisions regarding selling or buying of shares based on rumours. “The investors need to be well-informed about the company’s financial indicators and performance history before they invest their money in any stock,” a press release issued here by the Sebon said.
At present, Nepse is hovering around 400 points — the lowest in almost last four years. Sebon, being the regulatory body, has assured the people that there is nothing to be worried about.
The statement dubbed the present free-fall of Nepse as a temporary phenomenon that is natural in any market and insisted the investors to have more patience and not fall prey to panic selling that maximizes the risk.
“Most of the preliminary process of establishing Central Depository System (CDS) has already been completed and since Mutual Funds Regulations are also in the offing, the entry of institutional investors through mutual funds would stabilise the market,” the Sebon said, adding that the addition of new stock brokers, most probably by next month, will also help the expansion and promotion of the market.
Sebon is also starting Capital Market Development Master Plan with an assistance from the World Bank. Under the plan, international consultants will study the condition of Nepali capital market and suggest the ways to improve it. “The programme will evidently improve overall state of the capital market,” it added.
(news source: thehimalayantimes.com)
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