KATHMANDU: The Securities Board of Nepal (SEBON) has decided to abolish the 15-minute average price calculation method following strong backlash from investors.
During a meeting, the board resolved to revert to the previous system—using the last traded price as the official closing price—effective from Sunday.
The reversal comes in response to widespread protests, as investors staged demonstrations outside SEBON’s office demanding an immediate rollback of the controversial rule.
The pressure intensified after Finance Minister Rameshwor Khanal publicly called for the system to be scrapped, labeling it impractical. His intervention is believed to have played a key role in SEBON’s decision.
With this move, the stock market will now return to the previous method of determining the closing price, where the last transaction of the trading day sets the official closing rate, replacing the now-suspended average-based pricing system.
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