The Hotels and Tourism Index recorded a notable gain today, rising by 146.26 points (2.07%) to settle at 7,201.95, rebounding sharply from a 25.17 point loss on the last trading day of the previous week.
The benchmark index opened at 7,034.12, touching an intraday high of 7,201.95 and a low of 7,034.12.
Benchmark Index Performance
The Nepal Stock Exchange (NEPSE) index benchmark also saw positive movement, gaining 21.62 points (0.82%) to close at 2,638.60. This follows a decline of 27.59 points during the previous week’s final trading session. The NEPSE opened the day at 2,614.67, reaching an intraday high of 2,638.64 and a low of 2,614.26, reflecting a steady upward trend amid positive investor sentiment.
Sector-wise Gains
Among sectoral performances, the Hotels and Tourism Index emerged as the day’s top performer with a 2.07% gain, while the Mutual Fund sector recorded the smallest increase at 0.09%. Analysts attribute the surge in hotels and tourism stocks to optimism about the upcoming tourist season and improved investor confidence in the sector.
Market Turnover and Trading Activity
Total turnover for the day reached Rs. 4.23 Arba, with 9,364,938 shares traded across 329 companies through 49,093 transactions. The market capitalization stood at Rs. 44.38 Kharba, with a float market capitalization of Rs. 15.10 Kharba. The active trading volume indicates a steady investor appetite and liquidity across the market, suggesting that participants are regaining confidence after the previous week’s declines.
Investor Outlook
Market observers suggest that the rebound in the Hotels and Tourism Index may signal growing optimism in Nepal’s hospitality and tourism sector, reflecting expectations of higher tourist arrivals and sector recovery. The overall positive momentum in NEPSE reflects cautious optimism among investors as they monitor sector-specific performance, macroeconomic indicators, and global market trends.
With today’s gains, both NEPSE and the Hotels and Tourism Index demonstrate resilience, bouncing back from last week’s losses. Investors and market participants are advised to closely monitor sectoral performances and market trends as Nepal’s stock market continues to respond to domestic and international developments.
