How ‘influencers’ are manipulating the Nepal share market? What efforts are being made to correct this?

Despite the lockdown and a depleting economy, Nepal’s share market has been in a bullish run . Share prices of companies from non-financial sectors like hydropower and hotels, which have not been in operation, are going up while share prices of banks have not increased significantly.

To regulate the market, the Securities Board of Nepal (SEBON) on June 15 issued a list of 51 companies that it believed were risky for investments. The regulator said it wanted to stop irregularities and manipulations in the share market. Since that move, the share market has seen a drop as SEBON believes that irregularities have stopped significantly.