KATHMANDU, Jan 16: The Securities Board of Nepal (Sebon) mulls to increase the daily trading hours of stocks at the secondary market.
Speaking at a press meet on Wednesday, Sebon's newly appointed Chairman Bhisma Raj Dhungana hinted that the regulator of the stock exchange market would initiate extending the trading hours. Currently, the Nepal Stock Exchange allows the regular stocks to be traded for four hours daily from Sunday through Thursday.
“As the country has switched to online trading from manual system, it is appropriate to extend the trading hours to facilitate investors for multiple trading in real time,” said Dhungana.
On January 6, Dhungana was appointed as the chair of Sebon. Former chief executive director of Nepal Rastra Bank, Dhungana had been working as the board's expert member since August 22.
According to Sebon, the country's only secondary market carried out transaction of shares worth Rs 32.51 billion in the first six months of the current fiscal year. During the period, 16 listed companies were permitted to issue public offerings of Rs 20 billion, out of which Rs 16.5 billion was for issuance of debentures.