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NEPSE Trading Network

The NEPSE Journal

Insights & Analysis

Market commentary, data deep-dives, and trading notes from the NEPSE Trading desk.

All Articles — Page 23

2768 posts

Money without mobilisation5 min read
Money without mobilisation: the paradox behind Nepal's banking glut
That is the deeper message in the data. Nepal's banks have more than enough money to lend; what they lack is borrowers confident enough to take it. Lower rates and surplus liquidity have set the stage for a credit recovery, but the cast — investors, builders, manufacturers — has yet to arrive. Until domestic confidence and economic activity revive, the system is likely to remain caught in its present paradox: rich in deposits, poor in demand, and waiting on the real economy to turn.
Dipesh Ghimire24 Jun, 2026
NEPSE5 min read
RSP's reform blueprint: bold ambition, careful hedges
For now, the document does what a convention proposal is meant to do — it plants a flag. The RSP has used it to define itself as an alternative force organised around democracy, a liberal economy, social justice, good governance and national interest, and to push debates over federalism, the shape of the executive and the conduct of parties onto the national agenda. The harder work — turning a blueprint into a settlement that others will accept — still lies ahead.
Dipesh Ghimire24 Jun, 2026
NEPSE3 min read
Reading the Market's Mixed Signals: What Recent NEPSE Activity Is Really Telling Investors
The broader lesson that recent NEPSE activity reinforces is that market movements are a reflection of collective investor sentiment, and sentiment is often an imperfect guide to underlying value. Prices can fall in good companies when sentiment turns negative, and they can rise in weak companies when excitement takes over. Investors who understand the difference between sentiment-driven price movements and fundamentally-driven value changes have a genuine strategic advantage over those who simply follow the crowd. Staying informed, using reliable analytical tools, and maintaining the discipline to act on analysis rather than emotion is what long-term investment success in Nepal's capital market ultimately comes down to.
Dipesh Ghimire21 Jun, 2026
NEPSE4 min read
Beyond Ordinary Shares: How Nepal's Investors Can Build Smarter Portfolios
The deeper insight behind all of this is that investment is not fundamentally about finding the one stock that will double quickest. It is about building a collection of assets that will compound in value over time, generate income, and protect capital against the inevitable periods when markets decline. Nepal's capital market has expanded significantly in terms of the products and vehicles available to investors, even if awareness of those options has not kept pace with their availability. Investors who limit themselves to direct share trading are using only a fraction of what the market offers. Those who take the time to understand and appropriately use mutual funds, rights share opportunities, and IPO allocations as part of a broader strategy are building portfolios with fundamentally better risk-adjusted prospects for the long run.
Dipesh Ghimire21 Jun, 2026
NEPSE3 min read
Beyond the Price Ticker: Why Fundamental Analysis Is the Serious Investor's Most Important Tool
The honest acknowledgment about fundamental analysis is that it takes time. Reading financial statements thoroughly, understanding the accounting choices embedded in them, building comparable models, and forming a considered view of a business's competitive position is not work that can be done in minutes. Technical chart analysis is faster, and for short-term traders it may be more immediately useful. But for investors with a genuine long-term horizon — those who want to own pieces of good businesses rather than trade price movements — fundamental analysis is not optional. It is the only reliable way to distinguish between a share price that has fallen because the market has mispriced a good business and one that has fallen because the business itself is deteriorating. Getting that distinction right, consistently over time, is what long-term investment success is actually built on.
Dipesh Ghimire21 Jun, 2026
NEPSE3 min read
Five Decades of Nepal's Securities Market: From a Single Trading Centre to NEPSE
The half-century arc from the Securities Marketing Centre to today's NEPSE captures something essential about how Nepal builds institutions — carefully, incrementally, and with significant state involvement at every stage. The foundations that were laid in 2033 BS, strengthened by legislation in 2040 BS, and institutionally consolidated in 2050 BS have created a functioning secondary market where previously none existed. That is a genuine achievement. But the market's next phase of development — broadening participation, deepening liquidity, introducing new products, and connecting Nepal's capital market more meaningfully to regional and global flows — will require governance structures, regulatory independence, and competitive dynamics that the current framework, shaped so heavily by state ownership, may find difficult to generate on its own.
Dipesh Ghimire21 Jun, 2026
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Nepal's cooperative sector5 min read
Nepal's Cooperative Sector Gets a 10-Point Action Plan — But the Real Test Is Enforcement
The savers who have lost money to collapsed or mismanaged cooperatives will not be made whole by an action plan. Their immediate need is for compensation mechanisms and clearer legal pathways to recover their savings — issues that the current plan does not directly address. But the longer-term goal of preventing future losses requires exactly the kind of systematic oversight strengthening that the 10-point plan attempts to put in place. Whether this plan marks a genuine turning point for cooperative sector governance in Nepal or becomes another document filed and forgotten will depend on choices that have not yet been made.
Dipesh Ghimire19 Jun, 2026
Nepal Rastra Bank5 min read
Nepal Rastra Bank Moves to Unmask the People Behind the Banks
But the framework that has been put in place is a genuine improvement over what existed before. For the first time, Nepal Rastra Bank is demanding a comprehensive, structured, legally accountable account of who the people running and significantly owning its licensed institutions really are. For depositors, investors, and the public whose money flows through these institutions, that is a development worth taking seriously.
Dipesh Ghimire19 Jun, 2026
monetary policy of fiscal year7 min read
Nepal Bankers' Association to Nepal Rastra Bank: Here Is What Needs to Change
monetary policy of fiscal year 2083/84 ; Taken as a whole, the NBA's 22-point submission is a serious and substantive document. It addresses real problems with practical proposals, draws on international experience, and reflects genuine understanding of where Nepal's banking sector needs to evolve. The NBA has framed the entire package as supportive of the government's 7 percent growth target for the coming fiscal year — and that framing is not unreasonable. A banking sector that can manage its liquidity more effectively, resolve its non-performing assets more cleanly, price credit more accurately, and deliver digital services more efficiently is a banking sector that is better positioned to support the economic activity the government is trying to generate. Whether Nepal Rastra Bank incorporates these recommendations into the upcoming monetary policy will be a meaningful test of the central bank's appetite for reform in a year when the economy needs every advantage it can get.
Dipesh Ghimire19 Jun, 2026
Finance Minister Wagle 5 min read
Finance Minister Wagle Addresses Parliament on Wealth Commission, AI Infrastructure, and the Fight Against Poverty
The recurring theme across Wagle's responses was that the current government sees economic growth and institutional reform as complementary rather than competing priorities. Tightening accountability for public officials through the wealth commission, fixing the project delivery system, building digital infrastructure, and directing budget resources toward disadvantaged regions are all presented as parts of a coherent development strategy. Whether that coherence holds in practice — whether the reforms are implemented rather than announced, whether the accountability mechanisms apply equally across political affiliations, and whether the growth strategy actually reaches the communities it is designed to serve — are questions that Thursday's parliamentary session could raise but not answer. Those answers will emerge in the months and years ahead.
Dipesh Ghimire19 Jun, 2026

NEPSEtrading

Primary issues

Income & debt

Live market

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NEPSE Trading Network

Insights & Analysis

All Articles — Page 23

Money without mobilisation: the paradox behind Nepal's banking glut

RSP's reform blueprint: bold ambition, careful hedges

Reading the Market's Mixed Signals: What Recent NEPSE Activity Is Really Telling Investors

Beyond Ordinary Shares: How Nepal's Investors Can Build Smarter Portfolios

Beyond the Price Ticker: Why Fundamental Analysis Is the Serious Investor's Most Important Tool

Five Decades of Nepal's Securities Market: From a Single Trading Centre to NEPSE

Nepal's Cooperative Sector Gets a 10-Point Action Plan — But the Real Test Is Enforcement

Nepal Rastra Bank Moves to Unmask the People Behind the Banks

Nepal Bankers' Association to Nepal Rastra Bank: Here Is What Needs to Change

Finance Minister Wagle Addresses Parliament on Wealth Commission, AI Infrastructure, and the Fight Against Poverty

NEPSEtrading

Primary issues

Income & debt

Live market

Read & learn

NEPSE Trading Network

Insights & Analysis

All Articles — Page 23

Money without mobilisation: the paradox behind Nepal's banking glut

RSP's reform blueprint: bold ambition, careful hedges

Reading the Market's Mixed Signals: What Recent NEPSE Activity Is Really Telling Investors

Beyond Ordinary Shares: How Nepal's Investors Can Build Smarter Portfolios

Beyond the Price Ticker: Why Fundamental Analysis Is the Serious Investor's Most Important Tool

Five Decades of Nepal's Securities Market: From a Single Trading Centre to NEPSE

Nepal's Cooperative Sector Gets a 10-Point Action Plan — But the Real Test Is Enforcement

Nepal Rastra Bank Moves to Unmask the People Behind the Banks

Nepal Bankers' Association to Nepal Rastra Bank: Here Is What Needs to Change

Finance Minister Wagle Addresses Parliament on Wealth Commission, AI Infrastructure, and the Fight Against Poverty