Kathmandu – The stock market continued its upward momentum on Monday, following a trend of strong performance after the festival season. The market recorded significant growth, with the NEPSE index rising by 22.14 points, closing at 2,760.21.

The day’s trading saw gains in the share prices of 143 companies, contributing to a total transaction value of NPR 11.31 billion. However, 92 companies experienced a decline in share prices, while the share prices of 9 companies remained unchanged.

In recent months, the market has experienced fluctuations. While trading volumes reached record highs in July, August saw a notable decline. Investors were hopeful for a market rebound in October, which saw partial recovery. Despite the slow start in November, the last two trading days, Sunday and Monday, showed strong gains, boosting investor confidence.

On July 16, the NEPSE index stood at 2,240.41 points. The market then surged throughout July, reaching a peak of 3,000.81 points by July 31. However, the index fell to 2,580.76 points by August 31 and slightly improved to 2,742.88 points by October 16.

Market analysts believe that with all indicators pointing in a positive direction, the stock market is poised to reach new heights in the coming weeks.