Will the market continue to be in a downward trend?
- ShareSansar, August 7, 2016 on Experts Speak , Featured , Latest
The market was seen in a downward trend last week. Nepse Index went down by 45.12 points to close 1768.60 at points.
Here are opinion of our experts on market performance in up coming days.
Praveen Raman Parajuli
Chief Executive Officer (Nabil Investment Banking)
Correction is a normal phenomenon in the market, which is required for the market to be stable. I think the required correction has happened last week, so further correction should not take place for now. In my opinion the market will remain stable.
Investors need not panic about the current situation.
Dharma Raj Sapkota
Broker Number 37 (Swornalaxmi Securities Private Limited)
The market has been in a downward trend from past six trading days.
In my opinion the market has been in downward trend due to the problem in settlements. There were buyers in the market, but the number of sellers were minimal.
I think the market will bounce back in 2 to 4 days after the problem in settlement process is solved.
The market sentiment seemed negative after the step taken by Securities Board of Nepal (SEBON) and also due to the present political conditions.
Nepal investors forum is visiting Minister Krishna Bahadur Mahara and if the Maoist Government shows any concern about stock than the market won’t have correction this week else the correction will continue.
In my opinion, some correction will be visible in the stock market in first 2-3 days of this week. After the index will move up by some points, but it won’t be able to cross earlier highest points any time soon.
The market moved into a downward trend mainly because of the problem in the settlement process and also due to the current political scenario.