Too bad the market is so much down!

Rajesh Sharma

Too bad the market is so much down. The spiral effect of the "1% directive" from the NRB has hurt Nepali share market so badly. I do not know about the motivating factors for the NRB bureaucrats, but certainly they are responsible for this down turn. This is not a normal market correction.
The NRB directive, most probably, brought in collaboration with syndicates and cartels was responsible for creating panic initially among many small investors. Gradually, the panic reached to a level of hysteria that took control over mass market behaviors. And finally, it forced cartels and syndicates out from the seat of influence. I guess, they are also bleeding now.

Now, particularly the small traders are in life threatening situation as share market participants. The only way for such people is to hold shares to keep hope alive, to continue the stay in the market and ultimately to help, in whatever small way, to revert the course of continuous downfall. For the investors, it is buy time, some golden opportunity, if we have the capacity to hold at least for a year or more.