The Nepal Stock Exchange (NEPSE) witnessed a significant downturn today, dropping by 35.73 points (1.32%) to close at 2,658.93. This decline follows a modest gain of 1.60 points in the previous trading session, signaling renewed investor caution.
The benchmark index opened at 2,694.04, reached an intraday high of 2,699.28, and touched a low of 2,656.34 before settling lower at the close.
The day’s total turnover reached Rs. 6.67 Arba, with 15,538,474 shares traded across 315 companies in 75,508 transactions. The market capitalization stood at Rs. 44.28 Kharba, while the float market capitalization was recorded at Rs. 14.92 Kharba.
Hotel and Tourism Index Hit Hard
The Hotels and Tourism Index, which had shown strong momentum in the previous session with a 162.40-point gain, suffered a sharp decline of 147.44 points (2.12%), closing at 6,803.58.
The sector index opened at 6,951.02, marked a day-high of 6,971.37, and hit an intraday low of 6,790.85 before retreating significantly. The steep loss in this sector suggests a shift in investor sentiment after a strong rally, potentially due to profit-booking or external market cues.
Market Overview
Today’s overall market movement highlights heightened volatility as investors react to shifting dynamics in both domestic and global financial environments. Analysts suggest that although market fundamentals remain stable, traders may be adopting a wait-and-see approach ahead of fiscal year-end activities and policy announcements.
Market observers are closely watching the Hotels and Tourism sector, given its role as a key indicator of investor confidence in Nepal’s broader economic recovery and tourism rebound.
Investors are advised to monitor sectoral trends and company-specific developments as NEPSE continues to reflect short-term market sentiment amidst long-term growth potential.
