The Nepal Stock Exchange (NEPSE) Index surged by 0.82 percent, or 22.04 points, on Wednesday, July 9, to close at 2,705.90, reversing losses from the previous two sessions.

The benchmark index had dropped by 0.82 percent on Monday and edged down by 0.14 points on Tuesday, after posting gains for six consecutive trading days.

Market activity also picked up on Wednesday, with daily turnover reaching Rs 7.45 billion—up from Rs 6.57 billion recorded the previous session. 

The volume of shares traded also rose to 15.82 million across 62,884 transactions, compared to 15.02 million shares in 56,276 transactions on Tuesday.

Among key sub-indices, the Sensitive Index climbed 1.03 percent, the Sensitive Float Index increased 0.95 percent, and the Float Index gained 1.15 percent.

Out of 248 listed companies that traded on the day, 199 posted gains while 49 declined.

Barun Hydropower Company Limited (BARUN) emerged as the top gainer, advancing 6.21 percent to close at Rs 452.20 per share. Green Development Bank Limited (GRDBL) was the biggest loser, dropping 4.41 percent to Rs 1,331.59 per share.

Radhi Bidyut Company Limited (RADHI) topped the turnover chart, with shares worth Rs 467.15 million changing hands. Butwal Power Company Limited (BPCL) and NRN Infrastructure and Development Limited (NRN) followed, posting turnovers of Rs 366.75 million and Rs 351.82 million, respectively.

Of the 13 sectoral indices, 11 ended in positive territory. The Banking Sub-index posted the highest gain, up 1.68 percent. The Finance and Mutual Fund indices were the only ones to close lower, falling by 0.38 percent and 0.01 percent, respectively.

The total market capitalization rose to Rs 4,508.43 billion, up from Rs 4,471.71 billion the previous day.