The Hotels and Tourism index posted a strong gain in today’s trading session, even as the broader Nepal Stock Exchange (NEPSE) index ended in negative territory.
Hotels and Tourism Index Records Strong Growth
The Hotels and Tourism Index climbed by 97.08 points, marking a 1.16 percent increase to close at 8,457.99. This follows another notable gain of 84.06 points recorded in the previous trading session, indicating sustained investor confidence in the tourism sector.
The index opened at 8,422.59 and reached an intraday high of 8,564.26, while the day’s low stood at 8,335.51. The consistent upward trend highlights growing optimism around tourism-related businesses.
NEPSE Suffers Continued Losses
In contrast, the benchmark NEPSE declined by 18.10 points, or 0.64 percent, to settle at 2,807.12. This comes after a loss of 13.17 points in the previous session, reflecting continued market pressure.
The sector opened at 2,838.60 and fluctuated throughout the day, hitting an intraday high of 2,838.59 before dropping to a low of 2,796.92.
Market Activity and Turnover
Despite the decline in the benchmark index, market activity remained robust. The total daily turnover reached Rs. 5.77 Arba, with 13,019,055 shares traded across 347 listed companies through 95,800 transactions. The total market capitalization stood at Rs. 47.87 Kharba, while the float market capitalization was recorded at Rs. 15.91 Kharba.
Sectoral Performance Mixed
Among sectoral indices, the Hotels and Tourism sector emerged as the top performer of the day, registering the highest gain of 1.16 percent. On the other hand, the “Other” Index recorded the steepest decline, falling by 1.27 percent.
Tourism Sector Shows Resilience
Market analysts suggest that the continued rise in the Hotels and Tourism sector reflects positive sentiment surrounding Nepal’s tourism industry, which has been showing signs of recovery and growth.
While the broader market experienced a downturn, the strong performance of tourism stocks signals sector-specific momentum, potentially driven by increasing tourist arrivals and improved business outlook in the hospitality industry.
