The NEPSE gained by 29.17 points to 645.32, an increment of 4.73 percent compared to 616.15 points Sunday. [break]
A total of 104,089 share units worth Rs 61.49 million were traded in 947 transactions with the total market capitalization reaching Rs353.97 billion.
The NEPSE witnessed its double digit growth with the shares of most listed companies rising impressively.
"The share market has moved into positive territory because investors seem to gain confidence following news about Nepal Rastra Bank officials mulling a loosening of the recently announced margin landing policy," Newaraj Pokharel, stock analyst, told myrepublica.com.
"It is a remarkable gain seen in the capital market since the last five months," added Pokhrel, who is also a stockbroker.
However, investors had shown no positive reaction to the good financial positions submitted by different companies to the Securities Board of Nepal.
Pokhrel expects that the gain in the stock market will not continue at this pace as turnover volume has not increased as compared to the number of shares and the NEPSE index.
He said investors are in the mood to average down their investment pattern with buyers and sellers deeming this point of time an optimum occasion.
According to him, buying makes up 70 percent of the total transaction with a major chunk of the investors willing to buy from Sunday.
"I have begun to buy shares, thinking their prices will not go down any more," said Bhola Ghimire, who bought 2,500 shares of different companies on Monday alone.
Nepal´s capital market had witnessed an unprecedented slowdown due to declining consumer confidence, the finance minister´s controversial remark about the capital market and subsequent moves by the government creating panic among investors.
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