Nepal Breaking NewsNepal Stock ExchangeTo discourage stock manipulators, SEBON will cancel the ‘AON' facility.

To discourage stock manipulators, SEBON will cancel the ‘AON’ facility.

Must
spot_img

The (SEBON) has directed the Nepal Stock Exchange (NEPSE) to discontinue the ‘All or None (AON)’ facility in the Trade Management (). This will deter manipulators from inflating demand for shares on the market.

At the moment, investors have the option of using AON when purchasing and selling shares. This means merely and selling the quantity of shares you want to buy or sell. When an buys or 10,000 shares, he can select option ‘AON.’ This signifies that he or she will only buy or sell the 10,000 shares all at once.

As a result of this facility, certain investors and brokers have increased their tendency to create artificial demand for shares in the market. As a result, the price of the company’s shares has risen due to increasing demand in the market depth. This demand is not for actual stock purchases. Because the volume of such demand is rather significant, they are rarely carried out.

You May Also Like:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Cooperation between Nabil Bank and DV Excellus on agricultural credit

Nabil Bank and DV Excellus (Farming App) have agreed to enable farmers registered on the Farm platform with easy...

More Articles Like This