The Nepal Stock Exchange (NEPSE) Index experienced a significant drop of 59.02 points (2.28%) on its latest trading day, closing at 2,529.33. This comes after a modest gain in the previous session. The index fluctuated throughout the day, starting at 2,607.86 points, reaching an intraday high of 2,608.43, and dropping to a low of 2,517.79 before stabilizing.
A notable impact was also observed in the Hotel and Tourism Index, which saw a steep decline of 212.06 points (3.33%), closing at 6,152.43. This follows a loss of 39.57 points in the prior session. The index fluctuated similarly, opening at 6,357.6 points, peaking at an intraday high of 6,396.14, and hitting a low of 6,130.81 before closing.
These declines highlight ongoing market volatility, particularly affecting the hotel and tourism sector. Despite positive movements in the previous session, the sharp decline suggests uncertainty within both the general market and tourism-related sectors.
Analysts believe that the downturn reflects broader market sentiments and external pressures affecting the tourism industry, one of Nepal’s key economic contributors.
