The Hotels and Tourism Index posted a strong gain on the Nepal Stock Exchange (NEPSE) on Wednesday, reflecting continued investor confidence in tourism and hospitality-related stocks as the broader market also closed higher.
The sectoral index advanced 42.92 points, or 0.61 percent, to close at 7,079.76, following a 5.53-point gain in the previous trading session.
Tourism Stocks End Higher
The Hotels and Tourism Index opened the trading day at 7,036.84 and traded within a range of 7,036.83 to 7,114.19 before settling at 7,079.76 at the market close.
The positive performance indicates sustained buying interest in tourism and hotel companies, a sector that has been attracting attention amid Nepal’s ongoing tourism recovery and expectations of stronger business performance.
NEPSE Rises for Second Consecutive Session
The broader NEPSE Index also extended its upward momentum, gaining 14.00 points, or 0.54 percent, to close at 2,590.29. The benchmark index had risen by 6.11 points in the previous trading session.
NEPSE opened at 2,577.24 and fluctuated between an intraday high of 2,601.99 and a low of 2,576.61 before ending the day in positive territory.
Turnover Exceeds Rs. 4.17 Billion
Market activity remained robust, with investors trading shares worth Rs. 4.17 billion during the session. A total of 8,473,016 shares of 362 listed companies changed hands through 38,836 transactions, highlighting active participation across the market.
At the close of trading, the total market capitalization stood at Rs. 44.50 trillion, while the float market capitalization reached Rs. 15.03 trillion.
Positive Market Sentiment Continues
The consecutive gains in both the NEPSE Index and the Hotels and Tourism Index suggest improving market sentiment, with tourism-related stocks outperforming the broader market during the day’s trading.
Investors continue to monitor corporate performance, tourism sector recovery, and broader economic indicators, which are expected to influence market direction in the coming sessions.
