Kathmandu, May 14
The share market of the country has been
shut for the entire lockdown period after a brief opening on Tuesday and
Wednesday.
The Securities Board of Nepal (SEBON) had last
week directed the Nepal Stock Exchange (NEPSE), share brokers, and merchant
bankers to resume operation with priority to online transactions.
However, NEPSE on Thursday decided to close
the securities transactions in lockdown.
The decision to allow the market opening has
been revoked owing to the growing number of coronavirus patients this week.
The share market that resumed operation
after more than one-and-a-half months after the announcement of lockdown,
witnessed the closure of transaction with circuit breaker on both the days,
following which, large investors had demanded to close the market.
There was a transaction of 106,000 units of
shares, worth Rs 104 million, of 87 companies on Tuesday.
Similarly, 10,526 units of shares worth Rs
3.6 million were traded on Wednesday.
Meanwhile, the SEBON has cancelled all the
vehicle passes it issued till Wednesday. It had issued the passes to facilitate
the share brokers, investors and other stakeholders and has cancelled as the
market operations were shut.
Board's Spokesperson Niraj Giri said that
passes were provided to NEPSE, CDS and clearing and brokerage firms and
investors. However, new passes have been provided to the needy organisations
from Thursday.
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