The Nepal Stock Exchange (NEPSE) Index closed at 2,651.32 points today, experiencing a substantial loss of 145.05 points or 5.18% from the previous trading day’s close. This sharp decline follows an increase of 40.76 points in the prior session.
The trading day began with the index opening at 2,802.04 points. Throughout the session, the index fluctuated, reaching an intraday low of 2,644.85 points and an intraday high of 2,815.94 points before settling at its closing value of 2,651.32 points.
The Hotel and Tourism Index, a key indicator of the sector’s performance, also faced a significant downturn. It closed at 7,155.79 points, marking a loss of 624.87 points or 8.03% from the previous trading day’s close. This notable drop comes after an increase of 488.31 points in the prior session.
The trading day for the Hotel and Tourism Index began with an opening at 7,870.91 points. Similar to the overall market, this index saw considerable volatility, with an intraday low of 7,149.74 points and an intraday high of 7,961.21 points before settling at its closing value of 7,155.79 points.
Today’s trading session highlighted the market’s volatility, significantly affecting the Hotel and Tourism sector. Investors in this sector experienced substantial losses, underscoring the need for careful monitoring of market trends and sector-specific developments.
The overall market sentiment and sector-specific movements will be closely watched in the coming days, as stakeholders assess the implications of today’s significant declines.
