The Nepal Stock Exchange (NEPSE) Index witnessed a notable decline today, closing at 2,749.57 points, a decrease of 36.83 points or 1.32% from the previous session. This is in contrast to the previous session, where the index saw a gain of 3.80 points, closing at 2,786.40 points.
The trading day commenced with the NEPSE Index at 2,791.09 points and experienced considerable volatility throughout the session. The index reached an intraday high of 2,800.28 points and a low of 2,727.57 points before settling at the closing value.
The Hotel and Tourism Index, closely watched by investors in the travel and tourism sector, also faced a significant decline today. It closed at 7,155.68 points, down by 132.50 points or 1.81% from the previous session. This downturn contrasts with the modest gain of 6.81 points in the previous session, where the index had closed at 7,288.19 points.
The trading day for the Hotel and Tourism Index began at 7,264.31 points, with the index experiencing fluctuations throughout the day. It peaked at an intraday high of 7,414.12 points and reached a low of 7,091.80 points before settling at the final value.
The decline in the Hotel and Tourism Index reflects the broader market trends, signaling a cautious sentiment among investors in the sector. Despite the ongoing challenges, the sector remains a key focus for long-term growth, given Nepal’s potential as a major tourist destination.
