The Nepal Stock Exchange (NEPSE) Index experienced a setback today, falling by 27.39 points (1.01%) to close at 2,663.32. This decline marks the end of a brief two-day rally that had seen a total increase of 93.22 points, including a gain of 37.13 points yesterday. Despite an optimistic start to the trading session, the market struggled to maintain its upward momentum and ultimately closed in negative territory.
The trading day began with the NEPSE Index opening at 2,692.49 points. The market saw a brief surge, reaching an intraday high of 2,707.16 points, but could not sustain this upward trend. The session witnessed significant fluctuations, with the index dipping to a low of 2,652.66 points before settling for the day.
Similarly, the Hotels and Tourism Index also faced challenges, plummeting by 130.91 points (1.93%) to end at 6,618.43. This decline followed a positive trading session yesterday, where the index had gained 228.51 points, including a modest rise of 3.50 points. Like the broader market, the Hotels and Tourism Index started the day on a positive note, opening at 6,749.35 points and briefly reaching an intraday high of 6,802.35 points. However, it too succumbed to market pressures, falling to a low of 6,585.46 points during the session.
Market analysts suggest that today’s declines in both the NEPSE Index and the Hotels and Tourism Index reflect broader economic uncertainties and fluctuations that are currently impacting investor confidence. Stakeholders in the hotel and tourism sectors are advised to closely monitor these trends, as sustained declines could indicate challenges ahead for tourism-related investments.
As the market looks ahead, investors will be keenly observing upcoming economic indicators and potential policy shifts that may influence market dynamics in the coming weeks.
