9 may,The Securities Board of Nepal has directed Nepal Stock Exchange (NEPSE) to re-operate the share market from coming Tuesday or May 12.
The regulatory body had held discussions with the stakeholders on Friday. Following the meeting, the Board has made arrangements to open the second market transactions for two hours daily (11 am to 1 pm). Board spokesman Niraj Giri said provisions have been made allowing for up to one per cent change against the final value of the previous day while entering the values in the primary transaction session and for a two per cent change while entering the transaction order. Overall, more than three per cent fluctuation would not be allowed on a day.
Similarly, it is stated that the payment of sale of shares should be compulsorily made through IPS or electronic means and full digital means would be adopted from the coming Saun (mid-August).
It is also stated that the day’s transactions would be stopped if the NEPSE index fluctuates by two per cent on a day. The stock brokers are also required to make arrangements of a help desk regarding hearing complaints of investors and addressing the complaints. Spokesman Giri also informed that the Board would provide vehicle passes to the investors on the recommendation of brokers in special circumstances.
Meanwhile, arrangements have been made to operate the offices of NEPSE, CDSC and the merchant bankers from Sunday. The secondary market was closed from March 24 with the announcement of the lockdown by the government.