Nepal’s Finance Ministry has urged investors to remain calm and not panic amid the ongoing decline in the stock market, which has been a cause of growing discontent and outrage among investors since the formation of the new government.
In a statement released on Friday morning, the ministry’s secretariat referred to the stock market as an essential part of the economy and stated that various economic indicators have been moving in a positive direction lately.
The secretariat expressed confidence that sufficient liquidity, decreasing interest rates, and policies to increase investment and government spending will contribute to improving the market.
It claimed that a stable government, wise leadership, and transparent management in regulatory bodies have been working systematically to improve the stock market.
Warning Against Misinformation
The secretariat also warned investors to be cautious of negative rumors and misinformation about the market spread through various media.
It mentioned that some individuals have been trying to create unnecessary fear by misinterpreting information and stated that the government has been working based on facts, procedures, and official decisions.
The secretariat appealed to investors to obtain information about the stock market only from relevant government agencies and not from informal sources like Clubhouse, WhatsApp, or Messenger groups.
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