The NEPSE Index made a notable recovery, surging by 78.17 points (2.99%) to close at 2,688.38 after experiencing a 22.73-point decline in the previous session. The trading day began with the index at 2,625.46 points, initially dipping to a low of 2,604.83 points before reaching an intraday high of 2,688.52 points.
The Hotel and Tourism Index, a key sector of the market, followed this positive trend after six consecutive days of decline. The sector saw a significant gain of 167.42 points (2.50%), closing at 6,844.76 points. This follows the previous session’s drop of 35.01 points.
The day’s trading for the Hotel and Tourism sector began at 6,677.34 points, climbing to an intraday high of 6,850.63 points before touching a low of 6,628.49 points. By the close of the session, the index stabilized at 6,844.76 points, indicating a solid rebound for the sector.
This growth reflects renewed investor confidence in the tourism and hotel industry, signaling a potential recovery in this vital sector, which has faced challenges in recent months.
