July 13, 2017
According to data compiled by the Securities Board of Nepal, the average daily turnover of securities in the secondary market at the Nepal Stock Exchange (NEPSE) has recorded a growth of over 26 percent from Rs 706.6 million in 2015/16 to 892.7 million in the current fiscal year.
The record growth is being attributed to the introduction of the dematerialized share trading system that was introduced in January 2016. Market analysts including Anjan Raj Poudyal, former president of Stock Brokers Association of Nepal (SBAN) are of the opinion that quicker trading and settlement of shares is now possible following the full-fledged implementation of the dematerialized share trading.
Analysts also ascribe the rise in the turnover to the cheaper funds in the stock market, that could be channelized due to the excess liquidity in the banking system. Growing awareness of the stock market operations and the capital market in particular has encouraged the entry of new investors and led to the increase in the market liquidity.
July 13, 2017 Chief of Army Staff (CoAS) Rajendra Chhetri, who is currently on an official…Read more