Lockdown extended for a week in Kathmandu; Where does NEPSE stand at this critical phase?

Wed, Aug 26, 2020 1:25 PM on NEPSE News, Stock Market, Latest,

Lockdown has been extended for a week in Kathmandu valley.

After a discussion with the public health authority and the Mayor, the three Chief District Officers of Kathmandu, Bhaktapur, and Lalitpur have extended the lockdown for another week. Previously, the lockdown had started from Bhadra 3 and was expected to end today, i.e. Bhadra 10.

Since the number of cases is rising within the valley, the authorities had to extend the lockdown till Bhadra 17.

The public isn't allowed to go out of their house except to buy medicine, consumer good, and other essential items. One should wear a mask compulsorily while going out in such cases.

Meanwhile, NEPSE has been rising amidst the lockdown. Many had expected a decline in the volume of transactions. However, NEPSE has performed fairly well, if we overlook the first day of lockdown when NEPSE only had a turnover of Rs. 39.31 crores. A few days after, NEPSE gained Rs. 2.13 Arba in turnover amount. The last time that the turnover crossed 2.1 Arba was way back, on March 15. This was a mentionable achievement given that all the investors were trading online or via phone calls to their brokers.

Additionally, NEPSE has also introduced the system of online KYC filling and opening an online trading account without physically visiting a broker office. Moreover, SEBON has recently instructed stockbroker companies to make payment online within two weeks or so. All this shows that NEPSE is improving at a satisfactory pace lately.