Featured

Economy Roundup: Big Investors offshoreing their greens !

Published by Octron on November 19, 2008

The political unstability, impotential new government and outlaw politics finally hit Nepali business world. To worsen the market, biggest capital market of the world tumbled and others simply followed. The inflation rate is all time high (14% in last three months) for daily consumer goods, land & housing market under scrunttization of tax officers with recent law by government to reveal souce of that income for the buyers finally made the mid range businessmen to drift their cash to offshore.

The marwadis, are now not even interested a commercial plot or house in Ason or Indrachowk.
Ex Gorkha army men are eager enough to leave their fully furnished 1.5 Cr bunglow for less than 1 Cr and move with their peers in UK, USA.
And all time dealers and wheelers in Nepal Stock Exchange are busy just warning investors – WAIT & WATCH, Dont hurry !

So, whats there for normal small time investors in the market today ?

If you are careful enough, then this might be the right time to invest in some of the well established companies scrips as they are all time low – for e.g. NIB, NABIL, NTC, SCB, etc.
As major players are trying to leave out from this market to off shore their capital, the market is behaving very bearish post festive season.

Readers Rating: