In today’s trading session, the Nepal Stock Exchange (NEPSE) Index experienced a slight upward movement, closing at 2,974.46 points. This marks an increase of 6.01 points, or 0.20%, from the previous session’s close of 2,968.44 points. The day’s trading began with the index at 2,974.78 points, fluctuating throughout the day with an intraday high of 3,018.93 points and a low of 2,967.47 points before settling at its closing value.
In a notable development, the Hotel and Tourism Index, a key indicator of the sector’s performance, saw a significant rise today. It closed at 7,427.36 points, reflecting an increase of 96.28 points, or 1.31%, from the previous session’s closing of 7,331.07 points. The index opened at 7,331.08 points and showed considerable volatility, reaching an intraday high of 7,456.42 points and a low of 7,280.31 points before ending the day at its final value.
The rise in the Hotel and Tourism Index highlights positive momentum within the sector, which has been a critical component of Nepal’s economic landscape, especially given its pivotal role in the tourism industry. This uptick may indicate growing investor confidence in Nepal’s tourism sector, potentially buoyed by recent developments and increased travel activity.
Overall, while the NEPSE Index showed only a modest gain, the significant increase in the Hotel and Tourism Index underscores a potential rebound and optimism in the travel and hospitality sectors.
