NEPSE’s negligence harms the investors; will the behaviour actually change?

The careless nature of the Board of Directors of Nepal Stock Exchange (NEPSE) has proved to affect the investors adversely.

From the start of the new fiscal year, the listing of many companies have been stuck in the pipeline. The regulations which should have been implemented from the start of the fiscal year has not been till date.

The following companies are awaiting to get listed from NEPSE in order to start exchange in the secondary market:

1. 1,38,600 unit bonus shares of Mirmire Microfinance Company Limited
2. 95,56,564 unit shares of Siddhartha Bank Limited
3. 4,80,000 unit IPO of Nadep Laghubitta Bittiya Sanstha.

Due to the non-listing of such huge amount of shares, the investors are losing their investments day after day. Not just the listing, but the general operation are also not being performed well since the past few days.

NEPSE has not shown any kind of effort in the implementation of ‘ Dhitopatra Suchikaran Biniyamawali, 2075’ as well as ‘ Dhitopatra Sanchalan Biniyamawali, 2075’. Along with the regulations, NEPSE has also delayed the task of presenting the letter sent by Rastra Bank regarding the Margin Trading.

The behavior of the frontline regulator of the Nepalese Stock Market towards the investors cannot be called praiseworthy at the moment. The carelessness and negligence of NEPSE has already caused the investors to lose a huge sum of money. The rest is to be seen in the upcoming days if the board will be responsible and perform its part accordingly.