The AON system has been removed from the stock market

Jun Sun 2021 11:34:42

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The AON system has been removed from the stock market

Kathmandu. The AON system, which has been implemented in the stock market, has been removed from today. The Nepal Securities Board (NSB) has instructed the Nepal Stock Exchange (NSE) to remove this provision after investors complained that the market has become more volatile.

The full English form of AON is 'Al Ar Nun'. AON is a system that will not be sold unless the buyer guarantees to buy everything.

Investors complained that while such a system was in place, a large number of shares were being sold at very cheap and very expensive prices. If someone wanted to reduce the price but did not sell the shares, he could have sold tens of thousands of shares at a cheaper price at once. It is said that with the removal of this provision, the possibility of small investors falling is less.