Kathmandu: Nepal’s stock market bounced back on Wednesday, with the NEPSE index closing in positive territory after declining for two consecutive trading sessions.

The benchmark NEPSE index rose by 30.08 points to settle at 2,754.48 points. Other indices also moved upward, with the Sensitive Index gaining 3.68 points, the Float Index adding 1.91 points, and the Sensitive Float Index climbing 1.29 points.

Trading activity also picked up compared to the previous session. While Tuesday saw transactions worth approximately Rs. 3 billion 8 crore, Wednesday’s market recorded trades in 346 stocks across 52,336 transactions, with 1 crore 6 lakh 61 thousand shares worth Rs. 3 billion 82 crore 8 lakh 96 thousand changing hands.

Among individual stocks, Upper Lohere Khola Hydropower Company hit the positive circuit level, with its share price surging Rs. 73.20 to close at Rs. 561.20. Mountain Hydro Nepal also gained nearly 12 percent, while Bungal Hydro rose approximately 7.5 percent. On the downside, Corporate Development Bank which was newly listed for trading saw the steepest decline of the day, falling 13.26 percent.

Despite its share price drop, Corporate Development Bank topped the turnover chart with shares worth Rs. 18 crore 35 lakh 13 thousand traded. Aankhuwakhola Jalbidhyut Company followed closely with nearly Rs. 18 crore in turnover, while Api Power crossed Rs. 11 crore in transactions.

All 13 sub-indices closed in the green on Wednesday. The Hotel & Tourism and Hydropower sub-sectors led the gains with increases of 1.89 percent each. The Finance, Investment, Manufacturing & Processing, Others, and Trading sub-sectors all posted gains exceeding 1 percent.