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SEBON claims unnatural movement in share price of 51 companies


Nepalnews
2021 Jun 15, 18:05, Kathmandu
This image shows tha office of the Securities Board of Nepal in Lalitpur district in January 2021. Photo courtesy: Dp Meteo

The Securities Board of Nepal (SEBON) has issued a statement mentioning that there has been ‘cornering’ in the past few weeks at the Nepal Stock Exchange. In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or another asset in an attempt to manipulate the market price.

It has said that there has been unnatural movement in the share price of 51 companies. The study report of the market regulator has mentioned that large investors have been involved in manipulating the share market.

The board has already submitted its study report to the Finance Ministry, which has mentioned that a limited number of individuals and groups had been manipulating the share price of 51 companies. The report states that there have to be some genuine reasons for the price of any company’s share to rise but the share price of some companies had increased without any valid reason.

SEBON has made public the list of the 51 companies and advised investors to be cautious while investing in the shares of these firms.


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Securities Board of Nepal SEBON Finance Ministry Nepal Stock Exchange unnatural movement Share price of companies
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