Jan 13- Nepal Stock Exchange (Nepse) will soon install digital signage that provides real-time trading information at various locations across the capital to lure more Nepalis towards the stock market.
"Nepse will place visual display boards at strategic locartions in the valley so that the public are aware of stock price movements," informed managing director of Nepse Sitaram Thapaliya during a programme held to mark the stock exchange's 20th anniversary.
In addition, the live trading data will also be displayed through different channels. The move is supposed to create awareness among the general public about stock trading. In addition, it is also expected to reduce traffic at stock exchange's official website. Nepse's official website has not been functioning well lately, as the system cannot handle heavy traffic.
Thapaliya also informed that the stock exchange is ready to float Expression of Interest (EoI) to hire consultants for introduction of the internet-based trading at the stock exchange. "The consultant will suggest whether to replace or upgrade the existing trading system so as to make the stock trading compatible with internet-based trading," informed Thaapaliya.
Moreover, the system will also have block trading window for market makers and dealers, which the current trading system lacks.
Meanwhile, it was also informed that the government received Rs 367 million more in the first five months than it had received in the whole of last fiscal year as capital gains tax (CGT) and tax deduction at source (TDS). Nepse paid Rs 229.7 million as CGT and Rs 35.4 million as TDS from the total trading held in the current fiscal year. The stock exchange had paid Rs 167.9 million as CGT and Rs 42 million as TDS in the whole of last fiscal year. Nepal's only stock exchange also held its annual general meeting today, which decided to distribute 50 per cent bonus shares worth Rs 100 million to shareholders.