Meet discusses ways to boost confidence
KATHMANDU, May 10:
The High-level Financial Sector Coordination Committee today dwelt on ways to boost investors’ confidence. “We have requested institutional investors to enter the secondary market,” said senior economic advisor at the Ministry of Finance after the meeting that took place at the acting Prime Minister and Finance Minister Bharat Mohan Adhikari office.
The committee thought that the retail investors cannot boost the secondary market that has been hovering around 340 points in the past few weeks.
“The institutional investors like Employees Provident Fund and Citizens Investment Trust are positive on the committee’s request,” he said, adding that the committee has, however, did not come up with specific suggestions on how to boost the confidence of investors.
The meeting was called today after the secondary market didnot stop free fall due to low investors’ confidence. Recently, Mutual Fund regulation and Central Depository System has been brought to help boost market but still the investors are not confident.
Source: THT
The High-level Financial Sector Coordination Committee today dwelt on ways to boost investors’ confidence. “We have requested institutional investors to enter the secondary market,” said senior economic advisor at the Ministry of Finance after the meeting that took place at the acting Prime Minister and Finance Minister Bharat Mohan Adhikari office.
The committee thought that the retail investors cannot boost the secondary market that has been hovering around 340 points in the past few weeks.
“The institutional investors like Employees Provident Fund and Citizens Investment Trust are positive on the committee’s request,” he said, adding that the committee has, however, did not come up with specific suggestions on how to boost the confidence of investors.
The meeting was called today after the secondary market didnot stop free fall due to low investors’ confidence. Recently, Mutual Fund regulation and Central Depository System has been brought to help boost market but still the investors are not confident.
Source: THT
