Market snaps seven-day losing streak with 44.59-point rally

Nepal's stock market rebounded sharply on Wednesday, snapping a seven-session losing streak as the benchmark NEPSE Index gained 44.59 points to close at 2,652.93.

The rally was broad-based, with all 13 sectoral indices finishing in positive territory. The Trading sub-index led the gains, rising 2.60%, reflecting improved investor sentiment across the market.

Trading activity also picked up. Daily turnover increased to NRS 3.86 billion, up from NRS 3.25 billion in the previous session. Investors traded 9.55 million shares across 362 listed securities.

Market breadth was overwhelmingly positive, with 252 companies advancing, 17 declining, and six closing unchanged.

Snow Rivers, the recently listed stock, emerged as the day's biggest winner, with price hitting the upper circuit limit after soaring 14.99% to NRs 522.30. CYC Nepal Laghubitta followed with a 14.22% gain, closing at NRs 1,550 per share.

Among the decliners, Corporate Development Bank posted the steepest loss, falling 5.28% to NRs 1,800 per share. NMB Debenture also slipped 4.93%, ending the session at NRs 1,079.10 per debenture.

Laxmi Sunrise Bank recorded the highest trading value of the day, with shares worth NRs 288.4 million changing hands. The stock closed at NRs 219, up 2.53% from the previous session.

Reliance Spinning Mills ranked second in turnover with NRs 175.1 million worth of shares traded, followed by Ankhu Khola Hydropower, which logged transactions worth NRs 172.6 million.

The market's broad-based recovery and higher trading volume suggest renewed buying interest after a week of sustained declines.