The Hotels and Tourism Index on the Nepal Stock Exchange (NEPSE) witnessed a sharp decline on Monday, falling by 142.99 points (1.99%) to close at 7,031.30, reflecting continued weakness in tourism-related stocks. The sectoral index extended its losses after declining 27.13 points in the previous trading session. The Hotels and Tourism Index opened the day at 7,168.72 and traded between an intraday high of 7,186.49 and a low of 7,023.70 before settling at 7,031.30 by the close of trading.
NEPSE Falls Over 30 Points
The broader Nepal Stock Exchange (NEPSE) also remained in negative territory, declining by 30.60 points (1.17%) to close at 2,570.18, following a marginal loss of 1.13 points in the previous session.
The benchmark index opened at 2,599.66, reached an intraday high of 2,607.04, and dropped to a low of 2,566.27 before ending the day at 2,570.18.
Turnover Exceeds Rs. 7.46 Billion
Despite the market decline, investor participation remained strong. Total daily turnover reached Rs. 7.46 billion, with 41.73 million shares of 368 listed companies changing hands through 51,295 transactions. Following the day’s trading, the total market capitalization of NEPSE stood at Rs. 44.16 trillion, while the float market capitalization was recorded at Rs. 14.91 trillion. The sharp fall in the Hotels and Tourism Index indicates continued selling pressure in tourism-related stocks, even as the sector remains one of Nepal’s key contributors to the country’s economy and capital market.
