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SEBON Celebrates 21st Anniversary

  1 min 11 sec to read


Emphasis laid to bring non-financial sector into security market

By TC Correspondent

Securities Board of Nepal (SEBON) celebrated 21st Anniversary on Sunday, June 9. It is the governing body of the security market in Nepal.

On the occasion of anniversary programme governor of Nepal Rastra Bank Dr Yuba Raj Khatiwada expressed the necessity of entry of established non-financial sector companies in the security market.

He argued that the entry of these sectors in the security market might make them transparent among the public. He also added that high dependency of only on sector is not good for the stock market development. Currently, about 85 percent of the market capitalization of Nepal Stock Exchange (Nepse) is covered by banks and financial institutions. He also stated that there is a need of a strong presence of SEBON at the current volatile market situation. Finally, he promised for any help and coordination needed from the central bank.

On the occasion, Baburam Shrestha, Chairman of SEBON said that various basic infrastructures needed for the development of securities market like Credit Rating Company, Central Depository System (CDS), mutual fund have been going on and it will help in boosting the market.

 

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