High-level Committee discusses on ways to boost secondary market confidence

The High-level Financial Sector Coordination Committee today dwelt on ways to boost investors' confidence.
"We have requested institutional investors to enter the secondary market," said senior economic advisor at Finance Ministry after the meeting that took place at the acting Prime Minister and Finance Minister Bharat Mohan Adhikari's office.
The committee also came to a conclusion that the retail investors cannot boost the secondary market that has been hovering around 340 points in the past few weeks.
"The institutional investors like Employees Provident Fund and Citizens Investment Trust can enter the Nepse and they are positive on the committee's request," he said, adding that the committee has, however, did not come up with specific suggestions on how to boost the confidence of investors.
The meeting was called today after the secondary market did not stop free fall due to low investors' confidence.
Recently, Mutual Fund regulation has been brought to help boost the market that is soon going to be high tech due to Central Depository System (CDS) but still the investors are not confident enough to invest.
The committee that has central bank governor, finance secretary, chairmen of Securities Board of Nepal, Insurance Board was formed as a permanent mechanism to coordinate among the regulators and is chaired by the finance minister.