A secret meeting could soon change NEPSE last 15-minute rule in Nepal’s stock market
Today, the Securities Board of Nepal (SEBON) and a group of investors are meeting behind closed doors. They are discussing one of the most debated rules in the market.
What’s the Big Issue?
For the past few months, investors have been asking to remove the weighted average price calculation during the last 15 minutes of trading. They believe this rule, introduced about five months ago, is one of the main reasons the market has been falling.
Investors had first taken this issue to the Nepal Stock Exchange (NEPSE). Now, they have brought it directly to SEBON, the only body that can officially cancel the rule.
The meeting includes SEBON Chairman Santosh Narayan Shrestha and several investors. NEPSE CEO Chudamani Chapagain has shown support for removing the rule, but he cannot do it without SEBON’s approval.
If the rule is removed, the way stock prices are calculated in the last minutes of trading could change immediately. This could have a big impact on the market’s movement.
