Nepse rebounds by 18 points

Nepse to implement fully-automated online trading
Nepse officials have said that the preparations are afoot to enforce fully automated online stock trading system from November 7. Organizing a press meet in Kathmandu on Friday, Nepse General Manager Sita Ram Thapaliya said that the stock exchange company was hopeful of getting the new system from the developer within the first quarter of the upcoming fiscal year for trial before bringing it into implementation from November 7.

The Nepal Stock Exchange (Nepse) index rebounded by 18.3 points or 1.17 per cent in the trading week between July 2 to 6, on expectations of a pro-market Monetary Policy.

Investor sentiment got a major boost during the week as Nepal Rastra Bank (NRB), the central monetary authority of the country, is unveiling the monetary policy for next fiscal year 2017-18 this week.

According to Narendra Sijapati, the former chairman of Stock Brokers Association of Nepal, share investors have pinned their hopes on the upcoming monetary policy addressing the credit crunch issue. “Moreover, investors have been suffering due to higher interest rates, and they are hoping that
the market regulator will help bring the situation under control,” he added, explaining the two major factors for investor optimism in the trading week.

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