SEBON Proposes New Benchmark Index Based on Free-Float Shares
Summary
SEBON has proposed a new NEPSE Benchmark Index based on tradable free-float shares to better reflect Nepal’s securities market. The regulator has opened the working paper for public consultation and invited feedback by Kartik 15, 2083.
Key Points
- SEBON wants to restructure Nepal’s benchmark index by keeping NEPSE as an All Equity Index and introducing a new free-float-based NEPSE Benchmark Index.
- The new index would exclude locked-in promoter, government-owned and other non-tradable shares from the core benchmark calculation.
- SEBON says the change would make the market index more realistic and support index funds, ETFs and derivatives.
- The working paper has been opened for public consultation, with feedback requested by Kartik 15, 2083.
