Tourism Info Nepal

NEPSE Index and Hotel & Tourism Sector Experience Significant Decline

NEPSE Index and Hotel & Tourism Sector Experience Significant Decline

The Nepal Stock Exchange (NEPSE) Index faced a substantial decline today, closing at 2,894.57 points, marking a drop of 79.88 points or 2.68% from the previous session. This follows a modest gain of 6.01 points in the previous session, where the index closed at 2,974.46 points.

Today’s trading session began with the index opening at 2,987.06 points and experiencing significant fluctuations throughout the day. The index reached an intraday high of 2,990.04 points and dipped to a low of 2,885.39 points before settling at its final value.

The Hotel and Tourism Index mirrored the overall market trend, also witnessing a significant drop. It closed at 7,249.86 points, down by 177.50 points or 2.38% from the previous session. This decline follows a previous session where the index had seen a modest increase of 96.28 points, ending at 7,427.36 points.

Throughout the trading day, the Hotel and Tourism Index opened at 7,387.88 points and experienced similar fluctuations, hitting an intraday high of 7,527.36 points and a low of 7,199.98 points before closing at 7,249.86 points.

This downturn in the Hotel and Tourism sector highlights the volatility in the market, particularly affecting industries closely tied to tourism and hospitality. Investors are advised to monitor the sector closely as market conditions continue to evolve.

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