Nowadays, there is news about the Nepal Stock Exchange on every social media platform in Nepal. Every individual is discussing shares. Social media like YouTube, Facebook, TikTok, etc. are flooded with news about the Nepal Stock Market.
Even Nepalese youngsters are showing an interest in the Nepal Stock Exchange these days. It is also a trend in Nepal these days. The involvement of youngsters in the Nepal stock market is growing a lot these days.
The first securities market in Nepal was started in 1937 by Nepal Bank Limited and Biratnagar Jute Mills Limited. The Nepal Stock Exchange (NEPSE), Kathmandu, is the only stock exchange that is situated in Singha Durbar Plaza, Nepal. Since its launch, its services on online platforms have made it a lot easier for youngsters to get involved in the share market.
Over the past few years, the interest of Nepalese youngsters in the Nepal share market has grown a lot. The number started increasing after the Nepal Stock Exchange (NEPSE) made its procedure available online.
Youngsters in the Nepal Stock Exchange
The banks of Nepal these days are mostly crowded with youngsters. The number of Demat Account holders is increasing rapidly. Youngsters are applying for Demat Accounts for all of their family members.
They believe that the more Demat Accounts there are, the greater the chances of getting an IPO (Initial Public Offering). Almost every brokerage agency has also launched its website and made it easier for customers to register online. So there is no need to visit them in person, which is a plus point.
The launch of the Mero Share app, which is available on both Android and iOS platforms, has made it easier for youngsters to apply for the IPO and view the necessary information regarding the Nepal Stock Exchange. In fact, it is more convenient to use. Over the past few years, the number of candidates applying for the IPO has increased a lot. Every time the IPO is released, it gets oversubscribed on the first day.
Reasons for the Increment
The reason behind this is that one youngster holds more than 10 Demat Accounts at a minimum. So, thousands of youngsters are applying with all their Demat accounts for the same IPO, which, as a result, makes it oversubscribed on the first day of its opening.
Besides, social media is playing a vital role for this reason too. Lots of tutorial videos are released all over YouTube, Facebook, TikTok, and so on. Therefore, it has made it a lot easier to understand the procedures of the Nepal Stock Exchange.
On the other hand, the lockdown has also played a significant role in the increment of the candidates in the Nepal Stock Exchange. On the other hand, most elderly people in Nepal are not capable of using these new mobile apps.
They usually don’t have that much knowledge about the internet and social media. So, it has been a great advantage for the youngsters a lot in the period of lockdown.
Nepalese youngsters living abroad
Lots of youngsters are making a lot of money from the share market these days. Without any effort, it has been a good source of income for the youngsters of Nepal. Some youngsters take it as a pocket money source too. Every café, restaurant, and bar is full of gossip about the Nepal Stock Exchange among youngsters.
Even youngsters living abroad are taking an interest in the Nepal Stock Exchange nowadays. Lately, some news related to the stock market is going viral on social media. It’s about a strike done by Nepalese youngsters in South Korea. They have been investing a huge amount in the Nepal Share Market and due to the downfall in the market, they are at a great loss.
Well, it is a good thing to invest money in the Nepal Stock Exchange, but one needs to have good knowledge of the market. Moreover, an individual must study the fundamental and technical analysis of the company in which he/she is willing to invest. One must have patience, which is very important.
Because the price in the share market rises and falls depending on various factors. Without learning the facts about the company, youngsters are investing their money on the basis of gossip. This trend is leading some youngsters to a huge disadvantage, a great loss.
According to recent facts, the number of people investing in the Nepal Stock Exchange has grown enormously. The investors’ number has gone above a million. The total capitalization of the companies listed on the Nepal Stock Exchange is around 30 billion US dollars.
One of the biggest investors in the Nepal stock market is Nirmal Pradhan.
There are numerous companies that are good to invest in. However, some of the best companies are Nabil Bank Limited, Nepal Telecom Company Limited, Nepal Reinsurance Company Limited, and many more. Somehow, Laghubitta (Microfinance) also has a good image on the Nepal Stock Exchange. So, investing in these microfinance companies will also be a good alternative.