Grameen Bikas Laghubitta’s trading suspended for the day; Investors to suffer for NEPSE’s errors

Mon, Sep 3, 2018 12:47 PM on Stock Market, Featured,

Trading on the shares of Grameen Bikas Laghubitta Bittiya Sanstha (GBLBS) has been suspended by Nepal Stock Exchange (NEPSE).

In the first hour of the day, the price of the microfinance company was wrongly adjusted. The microfinance company has called for a SGM to pass the proposed 50% right shares.

But due to some technical errors, the price of GBLBS was adjusted today.

As per the spokesperson of NEPSE, Mr Murahari Parajuli, the adjustment was made due to some errors and was removed as soon as it was published. “The trading has been suspended so that the investors do not have to face any kind of confusion”, says Mr Parajuli.

The LTP of GBLBS stood at Rs 545 as of yesterday while the adjusted price was Rs 397.