The Nepal Stock Exchange (NEPSE) Index experienced a modest uptick today, closing at 2,786.40 points, marking a rise of 3.80 points or 0.13% from the previous session. This comes after the previous session’s significant drop of 111.96 points, where the index settled at 2,782.60 points.
The trading day opened with the index at 2,791.09 points and exhibited considerable volatility throughout the session. The index reached an intraday high of 2,860.89 points and a low of 2,761.02 points before stabilizing at its closing value.
In a positive development for the tourism sector, the Hotel and Tourism Index also saw a notable increase today, closing at 7,288.19 points. This reflects a gain of 6.81 points or 0.09% from the previous session. The prior session had seen an even sharper incline of 31.51 points, ending at 7,281.37 points.
The trading day for the Hotel and Tourism Index began at 7,250.55 points and witnessed significant fluctuations, hitting an intraday high of 7,472.72 points and a low of 7,144.39 points before closing at its final value.
This positive movement in the Hotel and Tourism Index is seen as a sign of renewed investor confidence in the sector, driven by expectations of a strong rebound in tourism as Nepal continues to recover from the economic impacts of the pandemic.
