The Hotels and Tourism Index witnessed a decline in trading today, falling by 28.22 points (0.38%) to close at 7,370.34, continuing its downward movement after losing 10.17 points in the previous trading session.
The sectoral index opened trading at 7,435.31 and remained volatile throughout the day. During intraday trading, the index reached a high of 7,435.30 while touching a low of 7,358.36 before settling lower at the market close. The decline reflects continued pressure on tourism and hospitality-related stocks listed on the exchange.
NEPSE Benchmark Index Falls by 8.30 Points
Meanwhile, the benchmark NEPSE Index also ended the day in negative territory, declining by 8.30 points (0.31%) to close at 2,653.40. This comes after the market had gained 8.78 points in the previous trading session.
The benchmark index opened at 2,673.15 and fluctuated during the day, reaching an intraday high of 2,673.14 and dropping to a low of 2,646.78 before closing lower.
Daily Turnover Crosses Rs. 4.41 Arba
Despite the market decline, investor participation remained active as total daily turnover reached Rs. 4.41 Arba. A total of 8,584,401 shares were traded during the session across 345 listed companies through 46,234 transactions.
Market capitalization at the end of trading stood at Rs. 45.59 Kharba, while float market capitalization was recorded at Rs. 15.37 Kharba.
Tourism Sector Faces Continued Pressure
The latest decline in the Hotels and Tourism sector indicates continued selling pressure in tourism-related stocks, even as Nepal’s broader tourism industry continues to recover gradually. Market analysts suggest investors are closely watching sector performance amid shifting market sentiment and broader fluctuations in the overall stock market.
