The Hotels and Tourism Index witnessed another decline on Tuesday, extending its losing streak to seven consecutive trading sessions as investor sentiment in Nepal’s tourism and hospitality sector remained weak amid continued pressure across the secondary market. During today’s trading session, the sectoral index dropped by 68.85 points, or 0.93 percent, closing at 7,287.60 points. This follows a significant decline of 85.40 points recorded in the previous trading session, indicating sustained bearish momentum in tourism-related stocks listed on the stock exchange.
The index opened trading at 7,321.58 points and experienced fluctuations throughout the day. It touched an intraday high of 7,381.60 points, while slipping to a day’s low of 7,255.86 points before settling at its final closing value. The continued decline reflects cautious investor behavior and reduced buying interest in the hotel and tourism segment, which remains an important indicator of market confidence in Nepal’s tourism industry.
NEPSE Records Seventh Consecutive Loss, Drops by 24.63 Points
Alongside the decline in tourism-related stocks, the broader market also remained under pressure as the Nepal Stock Exchange (Nepal Stock Exchange/NEPSE) continued its downward trend for the seventh consecutive trading day. The benchmark NEPSE Index fell by 24.63 points, or 0.93 percent, closing at 2,608.33 points. This comes after a loss of 16.54 points in the previous trading session, further signaling prolonged weakness in overall market performance. The benchmark index opened at 2,631.55 points and moved within a relatively narrow range throughout the trading day. It reached an intraday high of 2,638.17 points while dropping to a low of 2,603.44 points before closing lower.
Daily Turnover Exceeds Rs. 3.25 Arba Despite Market Weakness
Despite the continuous market decline, investor participation remained relatively active. Total turnover for the day stood at Rs. 3.25 Arba, with 8,737,392 shares traded among 365 listed companies through 79,286 transactions. According to market data, the total market capitalization of the exchange reached Rs. 44.67 Kharba, while the float market capitalization stood at Rs. 15.05 Kharba. Market analysts say the continued decline across both the tourism sector and the broader stock market reflects cautious market sentiment, short-term profit booking, and uncertainty among investors. The performance of the Hotels and Tourism Index is being closely watched, particularly because the tourism industry remains one of Nepal’s major economic pillars and a key driver of investment interest.
