Even a small push destabilizes the stock market : Ramesh Kumar Hamal, Chairman (SEBON)

Feb Wed 2022 03:14:30

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Even a small push destabilizes the stock market : Ramesh Kumar Hamal, Chairman (SEBON)

Kathmandu. Newly appointed chairman of the Nepal Securities Board Ramesh Kumar Hamal has claimed that even a small push creates volatility and ups and downs due to lack of institutional and instrumental diversity in the share market.

He said that it was up to him to make the market resilient and expressed confidence that there would be cooperation and coordination with all in this endeavor. He said that the security of small investors would be given special priority as the stock market is connected with the lives of the people.

The newly appointed Chairman Hamal has been welcomed by the entire staff including the high ranking staff of the Board. With the inauguration, Chairman Hamal said that building the institutional capacity of the board was his first priority.

He said that there is a plan to keep the morale of the employees high and work for proper management of the board building as well as development of information technology. Hamal also pointed out the need for all employees to work together without prejudice to achieve common goals.

Speaking on the occasion, Hamal said that the stock market is an important part of Nepali society and reminded that the Board has a big responsibility to develop, expand and stabilize the market. He directed all the employees to work responsibly with high morale and enhance the dignity of the organization.