Finance minister says Long Term shareholders can profit from investment in share market
December 12, 2018 | Investopaper
Dr. Yubraj Khatiwada, the finance minister of Nepal, said that the person who can handle the ups and downs of the market can make decent profit. The financial committee meeting was scheduled to hold on Tuesday to discuss about the current turmoil in Nepalese stock market. In the discussion, he conveyed the message to investors that they need to invest in appropriate time and should be able to hold their shares through market cycles. “Market is subject to fluctuation and one needs to understand it and hold their shares in order to profit from the market” said the finance minister.
Also Read: Online Share Trading In Nepal: How To Buy & Sell Shares?
In the discussion, the governor also shared his viewpoint about the current crisis. Earlier, the investors had protested that the tightening policy on share loan by Nepal Rastra Bank is also partly responsible for the ongoing market correction. In his defense, the governor stated that that bank and financial institutions had only invested 40% of their capacity on share loans. He pointed out that financial institutions have provided only Rs. 34 arab on share loans while their allowed capacity is 93 arab.
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