Share Market as bullish Trend by Minister of Finance addressed share market issues

Jan Sun 2023 02:38:41

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Share Market as bullish Trend by Minister of Finance addressed share market issues

Kathmandu. The stock market, which has continuously entered the bearish phase for 15 months, has become excited among investors with the change of government.

Rumors that the government will be formed on January 11 caused a wave in the market. The market had increased by 52.34 points and closed at 1919.54 points. On the 12th, the discussion of the formation of the government caused the stock to increase by 59.87 points to 1983.95 points and created a distinct excitement in the market.

The NEPSE index increased by 116.74 points only in these two days of trading. With the arrival of Bishnu Paudel in the Ministry of Finance, industrialists and investors are excited. Former Finance Minister Janardan Sharma did not want to listen to the industrialists and even if he did, he would not enter the implementation stage.

Finance Minister Janardan Sharma did not let the investors of the stock market fall easily around him. Investors were fleeing from the capital market due to the psychology of this. The capital market is one such area of investment, where if mass psychology is not addressed, it will have a negative impact. Which will discourage industry, trade and business and the capital market and capitalization will decrease.

During his tenure, the stock market, which had a capitalization of 44 trillion, reached 26 trillion after he left his tenure. During his 16-month tenure, the capitalization of the stock market has decreased by 18 trillion. Overall, during his tenure, investors have lost 18 billion, i.e. assets equal to this financial year's budget.

That is why the Ministry of Finance is such an important ministry, this example confirms that if it is not managed in a political and psychological manner in a balanced manner, the industrialists as well as the nation will be in financial ruin.

Due to the confrontation between Finance Minister Janardhan Sharma and Rastra Bank Governor Maha Prasad Adhikari, the country went into a downward spiral economically and two to four stock market investors were forced to commit suicide. Therefore, if the people at the policy-making level are not businessmen-friendly, both the state and the businessmen have to bear the risk. The pain suffered by industrialists during the tenure of the previous government.

With the change of government, Finance Minister Bishnu Podel is being talked about, and the stock market has been excited, and with the talk of his coming, the stock market has increased by 179.06 points in the last 5 working days, and the market capitalization is also increasing daily. At the same time, industrialists and investors have started to expand the area of investment by being excited and hopeful that we got the Finance Minister as we wanted.

As a result of which the Minister of Finance met the industrialists and understood their demands and memorandums and gave assurances to solve the problem, while the movement of the traders who were in phased agitation has been suspended, the industrialists seem optimistic that their demands will be addressed.

The finance minister met the representatives of the investors of the association related to the stock market and listened to the problems of the investors as well as promised to create an investment-friendly environment. As a result, the NEPSE index increased by 179.06 points within 5 working days and the capital market completed the bearish phase and entered the bullish phase. Now, Daily increase in transaction amount, the NEPSE index is also continuously increasing.