Nepal | September 21, 2020

Nepse to be fully automated in November

Himalayan News Service
Share Now:

Nepse over the yearsKathmandu, July 7

The country’s only secondary market is gearing up to implement fully automated online trading system in the next four months.

During a press meet organised by Nepal Stock Exchange (Nepse) here today to bid adieu to its General Manager Sitaram Thapaliya, he informed that the fully automated online trading system will be implemented by November 7.

On the final day of his four-year tenure as Nepse GM, Thapaliya claimed to have introduced some systemic changes in the company. “We are at the threshold of introducing the fully automated system, while we have made numerous systemic changes in clearing and settlement, remote work stations of brokers and others,” he said.

Thapaliya also informed that Nepse planned to rope in a strategic partner. “We have completed due diligence audit and the report has been submitted to the Ministry of Finance,” he said. “A strategic partner is expected to make the company more efficient.”

The financial details of the country’s sole secondary market was also revealed during the event today that showed that the total turnover increased by an eye-popping 10 folds over the last five years.

Turnover in 10 months of current fiscal stood at Rs 178.93 billion against total turnover of Rs 21.56 billion in fiscal 2012-13.

According to Nepse, the total turnover in fiscal year 2013-14 had gone up to Rs 77.25 billion, but dropped to Rs 66.53 billion in the subsequent fiscal 2014-15.

In fiscal 2015-16, as the country reeled from the shocks of devastating earthquakes and unrest in Tarai region, share transaction surged significantly to reach Rs 163.95 billion, the data provided by Nepse showed.

Murahari Parajuli, spokesperson for Nepse, said, “Nepse index and the transaction amount had decreased after the earthquakes, but it surged when the three major political parties came to a consensus on the Constitution.”

Immediately after the earthquakes, the market had remained closed for 19 days, which helped prevented a disastrous fall in the market.

“The effect of the political unrest was not witnessed in the market. Also, banks and financial institutions declared huge bonus shares to increase the paid-up capital as per Nepal Rastra Bank’s direction, which drove up the capital market,” Parajuli added, explaining the massive bull run of last fiscal.


A version of this article appears in print on July 08, 2017 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Photo Gallery: Rohingya refugees receive relief in Kapan amid COVID-19 crisis

KATHMANDU, SEPTEMBER 21 Hiteri Foundation provided food relief packages to long-persecuted Rohingya Muslim refugees here in Kapan on Sunday, September 20. More than 175 families are taking shelter in Kapan after entering Nepal following a mass exodus from their native Myanamar. Also seen in pi Read More...

Nepali Army soldier Nepal’s first security person to die of COVID-19

KATHMANDU, SEPTEMBER 20 Country witnessed the first death of a security person due to COVID-19. The deceased, a 34-year-old soldier of Nepali Army was posted in Kathmandu. He hailed from Ramechhap district. However, Nepali Army has not yet revealed the identity of the deceased. The deceased wa Read More...

Mane double eases Liverpool to 2-0 win over 10-man Chelsea

LONDON: Two goals from Sadio Mane just after halftime eased champions Liverpool to a 2-0 win over 10-man Chelsea in the Premier League season's first heavyweight clash at Stamford Bridge on Sunday. A dull game never threatened to live up to the eight-goal thriller when the sides met in Read More...

Son and Kane combination leads Spurs rout of Southampton

SOUTHAMPTON: Son Heung-min scored four goals set up by Harry Kane as Tottenham Hotspur came from a goal down to overwhelm Southampton 5-2 on Sunday and earn their first Premier League win of the season. In an action-packed first half at St Mary's, both sides had a goal ruled out by VAR before Read More...

Women, children highly affected by COVID pandemic

KATHMANDU, SEPTEMBER 20 The National Women Commission today organised a webinar on ‘Impact of COVID-19 on Women and Initiatives Taken by NWC and Nepal Police in Addressing Gender Based Violence Issues’ to highlight impact of pandemic on women and children across the country. According to t Read More...

Thapa vows to establish RPP as strong force

KATHMANDU, SEPTEMBER 20 Chairperson of Rastriya Prajatantra Party Kamal Thapa today pledged to establish the party as a strong force. The country would become prosperous and sovereign only by pursuing the ideology RPP as Nepal is faced with complex geo-political situation, he claimed at a virt Read More...

NCP Secretariat dwells on Cabinet reshuffle

KATHMANDU, SEPTEMBER 20 The Secretariat of the ruling Nepal Communist Party (NCP) today began discussion on Cabinet reshuffle. NCP Spokesperson Narayan Kaji Shrestha said the meeting discussed policy issues regarding the Cabinet reshuffle from different angles, but it did not take a decision o Read More...

Ministry of Urban Development

Bancharedanda landfill site to be completed by mid-October

KATHMANDU, SEPTEMBER 20 State Minister of Urban Development Rambir Manandhar said construction of a sanitary landfill site at Bancharedanda on the border of Nuwakot and Dhading districts will be completed by mid-October. During monitoring of the under-construction landfill site today, State Mi Read More...