Kathmandu. Investors are angry that share trading has been stopped today due to technical problems.
According to NEPSE, there has been a technical problem in the data center data hub of 72 trading member companies (brokers) of Nepse since the morning of September 19 and efforts are being made to resolve it, but it has not been resolved yet. The Stock Brokers Association of Nepal had also filed an application to postpone today’s regular trading session as it could also harm Nepse’s trading system in this situation.
Investors are angry that the sensitive sector like the stock market has suddenly stopped trading citing technical problems. They have said that the government should not back down from restructuring Nepse.
Tulsi Ram Dhakal, president of Nepal Investors’ Forum, said that the halt in share trading today was unfortunate. “The recent steps of the government and regulators had boosted the morale of the share investors,” he said, “But stopping the share trading due to technical problems raises a question mark on the capacity of NEPSE.” ’
Dhakal said that they have been repeatedly stressing on the need to make NEPSE modern technology-friendly. “But NEPSE is moving ahead in the old way,” he said, adding, “The stoppage of share trading today is a catastrophic incident like the devastating flood in Rasuwa.” If the government does not restructure NEPSE on time, it cannot be said that such incidents will not be repeated in the future. ’
Dhakal said that the stoppage of share trading during the festival season and during the payment of bank installments is a big loss for the investors. “Investors had high hopes in the market which was finally moving forward in a positive way after a long time,” he said, “However, the investors are disappointed when the share trading is stopped due to technical problems.” ’
Prem Oli, an investor who has been active in the stock market for a long time, said that investors are in trouble due to the halt of trading today. “When the stock market is closed, not only the investors but also the government loses revenue,” he said.
On the other hand, Oli said that there is also a concern that the sensitive information of the investors will be leaked due to the news of the hacking of the technology. “The weakness of NEPSE also raises the question of how safe the investment of the general investors is,” he said.
Nepse spokesperson Murhari Parajuli said that the data hub is trying to solve the technical problem. “The transaction has been suspended today to avoid further losses,” he said. ’
Asked if the transaction would resume from tomorrow, Parajuli said that the business could be resumed from tomorrow as the problem would be resolved today.
