The Nepal Stock Exchange (NEPSE) Index closed at 2,766.38 points today, reflecting a modest gain of 6.70 points or 0.24% from the previous trading day’s close. This slight increase follows a significant rise of 108.35 points in the prior session, indicating a steady performance in the broader market.
The trading day it commenced with the NEPSE Index opening at 2,772.84 points. Throughout the session, the index fluctuated, reaching an intraday high of 2,811.15 points and an intraday low of 2,744.86 points, before ultimately settling at 2,766.38 points. The market’s resilience amid these fluctuations highlights investor confidence in the overall economy.
However, the Hotel and Tourism sector experienced a slight decline today. The Hotel and Tourism Index closed at 7,427.69 points, registering a loss of 95.61 points or 1.27% from the previous trading day’s close. This dip comes after a substantial increase of 367.50 points in the prior session, suggesting a possible short-term correction in the sector.
The trading session for the Hotel and Tourism Index began with an opening value of 7,529.79 points. Like the broader market, this sector also saw significant fluctuations, reaching an intraday high of 7,745.25 points and an intraday low of 7,377.91 points, before closing at 7,427.69 points.
The decline in the Hotel and Tourism Index reflects a cautious sentiment among investors, potentially influenced by factors such as seasonal fluctuations in tourism and broader economic uncertainties. Despite this, the sector remains a key component of Nepal’s economy, with long-term prospects still considered favorable by market analysts.
As the NEPSE Index continues to show resilience, the performance of the Hotel and Tourism sector will be closely monitored by investors, especially with the upcoming tourist season and ongoing infrastructure developments aimed at boosting tourism in the country.
