The Nepal Stock Exchange (NEPSE) Index experienced a modest rise of 5.60 points today, marking a 0.27% increase and closing at 2,071.77 points. This follows a gain of 3.21 points in the previous trading session, indicating a continued upward trend.
Among the various sector-specific indices, the hotel and tourism sector stood out by posting a slight gain. The Hotel and Tourism Index rose by 58.81 points, or 1.12%, closing at 5,302.47 points. This gain is notable as it follows a loss of 11.19 points in the previous trading period, suggesting a recovery in the sector.
Today’s trading session was characterized by significant volatility. The market opened at 5,243.66 points and experienced fluctuations throughout the day, hitting an intraday low of 5,238.85 points and an intraday high of 5,334.62 points.
The increase in the hotel and tourism sector is particularly noteworthy amid the broader economic uncertainty affecting various industries. Analysts attribute this rebound to optimistic investor sentiment regarding the sector’s potential growth and resilience, especially as Nepal prepares for the upcoming tourist season and various promotional campaigns.
