April 29 : The Securities Board of Nepal (SEBON)– an apex regulator of securities markets – has said that the preparations are underway to open share market immediately after the current national lockdown is lifted.
At a virtual conference organized by the Society of Economic Journalists-Nepalin the capital on Tuesday (April 29), chair of the SEBON Bhishma Dhungana made such a remark.
He also expressed commitment for bringing fully automated trading system in the capital market within 2-3 months after the lockdown comes to an end. The Nepal Stock Exchange (NEPSE) and SEBON are effortful to that end, he added.
Similarly, NEPSE’s Chief Executive Officer Chandra Singh Saud said the NEPSE was in favour of resuming the operation of share market following May 7 and discussions were being held on the modality of share market operation even during the period of lockdown. The existing online system could be further improved, he noted.
During the meeting, former chair of Nepal Investors’ Forum Ambika Prasad Poudel recommended to lower the limits of transaction time and circuit breaker. He urged the authorities concerned to put necessary measures to open share market in view of spreading negative message to the domestic and international investors while closing the market for long. Stock Broker Association chair Bharat Ranabhat also stressed the need to open the market at the earliest. Share market expert Dr Gopal Bhatta also echoed the need to resume the share market with a necessary plan. RSS
