Relax, say experts. The market should now move ahead smoothly
Wed, Sep 10, 2014 12:00 AM on Others,
ShareSansar, September 10:
After hitting 5 percent upper circuit, a day after hitting the lower circuit of the same percent, what would be the market like today? More importantly, will the market sustain the gain in days to come, or will it again become sluggish or fall down? This is a pertinent question that general investors must be asking today.
You may relax now, say market experts.
“The market will continue to grow today beyond doubt.” says President of Nepal Brokers’ Association Narendra Sijapati. “It may, however, not hit the circuit, and it may just post a marginal gain today. It will be good if the market only gain a few points today – it’s high time for the market to stabilize as it has by and large found it natural level now.”
Chairperson of Nepal Investors’ Forum Raj Kumar Timilsina agrees.
“The best thing is that the investors have regained confidence following solid assurance from the government and the regulators that the market will not fall down. They have clearly stated that there is no reason for the market to fall and has asked all concerned parties to be more responsible toward the stock market” said Timilsina. “Now the market should go forward in slow and steadily manner instead of hitting one after another circuit.”
Both Sijapati and Timilsina believe that another very good development is that Nepse and CDSC have become sincere and dedicated to smoothly implement CDSC by Kartik.
“This will definitely take the market to a new height at a time when the listed companies are coming up with impressive dividend, besides surplus liquidity in the market and overall good macroeconomic indicators and political development,” added Timilsina.
After hitting 5 percent upper circuit, a day after hitting the lower circuit of the same percent, what would be the market like today? More importantly, will the market sustain the gain in days to come, or will it again become sluggish or fall down? This is a pertinent question that general investors must be asking today.
You may relax now, say market experts.
“The market will continue to grow today beyond doubt.” says President of Nepal Brokers’ Association Narendra Sijapati. “It may, however, not hit the circuit, and it may just post a marginal gain today. It will be good if the market only gain a few points today – it’s high time for the market to stabilize as it has by and large found it natural level now.”
Chairperson of Nepal Investors’ Forum Raj Kumar Timilsina agrees.
“The best thing is that the investors have regained confidence following solid assurance from the government and the regulators that the market will not fall down. They have clearly stated that there is no reason for the market to fall and has asked all concerned parties to be more responsible toward the stock market” said Timilsina. “Now the market should go forward in slow and steadily manner instead of hitting one after another circuit.”
Both Sijapati and Timilsina believe that another very good development is that Nepse and CDSC have become sincere and dedicated to smoothly implement CDSC by Kartik.
“This will definitely take the market to a new height at a time when the listed companies are coming up with impressive dividend, besides surplus liquidity in the market and overall good macroeconomic indicators and political development,” added Timilsina.
