SEBON concerned on sluggish market

KATHMANDU, March 31: Expressing concern over the continued decline in Nepal Stock Exchange (Nepse) index, Securities Board of Nepal (SEBON) - the stock market regulator -- said on Wednesday that there was no reason to worry about fate of investment in the secondary market given the financial statement of listed companies and ongoing efforts for the reform and development of capital market.



Issuing a statement, SEBON urged the investors not to take any decision based on rumors and baseless assumptions without studying the financial condition and the real situation in the market. [break]



SEBON´s statement comes at a time when the Nepse index -- barometer of investors´ confidence - has dropped sharply to a 40-month low amid confusion market due to row between SEBON and the Finance ministry.



It has also urged the investors not to be discouraged with the mounting selling pressure and make prudent decisions.

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