SEBON Chief Promises Direct Action and Law Updates to Fix Nepal Stock Market
Summary
SEBON Chairman Dr. Gopal Bhatta has vowed direct intervention and possible ordinance-backed changes to reform Nepal’s stock market as the NEPSE index continues to slide. He pledged to protect investor rights, improve transparency and push reforms such as short selling if legal updates are delayed.
Key Points
- SEBON Chairman Dr. Gopal Bhatta said he is ready to take direct action to reform Nepal’s stock market, including issuing an ordinance if needed.
- The remarks came after the NEPSE index fell near 2,650, about 18% below its all-time high of 3,227.
- Representatives of the Nepal Share Market Investors Association raised concerns about weak economic activity and risks to small investors.
- Bhatta promised reforms to protect investors, improve transparency and remove legal barriers, including the introduction of short selling.
