Government Moves to Revive Stock Market Hit by Gen-Z Movement: Will Investor Confidence Return?

Kathmandu: Finance Minister Rameshwor Khanal has formed a task force to reform Nepal’s stock market, which has slumped following the Gen-Z movement. The task force, coordinated by Rupesh KC, Acting Executive Director of the Securities Board of Nepal, has been instructed to submit recommendations for systemic and procedural reforms along with a concrete action plan within five days to immediately restore investor confidence.

The task force includes Sharan Adhikari, Director of Nepal Rastra Bank, and Niranjan Phuyal, Acting Executive Director of the Nepal Stock Exchange. Sharad Niraula, Deputy Secretary at the Ministry of Finance, has been appointed as the member secretary.

The stock market was shut down after the Gen-Z protests turned violent on 8 and 9 September, and only reopened on Thursday after the movement led to the fall of KP Sharma Oli’s government.

On the first day of reopening, the NEPSE index plunged 160 points to close at 2,511. Finance Minister Khanal said the task force was necessary to address the impact of the protests, improve the system, and lift investor sentiment.

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