Expert Speaks: Will the market sustain 1200 levels?
Sun, Aug 23, 2015 12:00 AM on Experts Speak,
Sandeep Pradhan
Head of Investment Banking and company secretary at Laxmi Capital Market Limited
I don’t think the market would sustain 1200 levels this week. One important reason for the market to reach a peak of 1200.92 levels was due to lack of supply.
Demat was implemented by CDSC and there were a lot of people who were not able to sell their physical or BT shares which resulted in a lack of supply.
Now, as the supply will increase the market would come down by some points for correction. The market would again bounce back after the commercial bank starts declaring their plans to increase the paid up capital.
Dipendra Agrawal
Investor cum Executive Director of Nepal Investors Forum
At present there is enough liquidity in the market so in my opinion the market would sustain 1200 levels.
Among all the commercial banks, Everest Bank is always the first one to propose its dividends. This time the Everest Bank will surely provide 60-70 percent bonus share as it has no other options. This would keep the market very positive.
Head of Investment Banking and company secretary at Laxmi Capital Market Limited
I don’t think the market would sustain 1200 levels this week. One important reason for the market to reach a peak of 1200.92 levels was due to lack of supply.
Demat was implemented by CDSC and there were a lot of people who were not able to sell their physical or BT shares which resulted in a lack of supply.
Now, as the supply will increase the market would come down by some points for correction. The market would again bounce back after the commercial bank starts declaring their plans to increase the paid up capital.
Dipendra Agrawal
Investor cum Executive Director of Nepal Investors Forum
At present there is enough liquidity in the market so in my opinion the market would sustain 1200 levels.
Among all the commercial banks, Everest Bank is always the first one to propose its dividends. This time the Everest Bank will surely provide 60-70 percent bonus share as it has no other options. This would keep the market very positive.
