The Nepal Stock Exchange (NEPSE) Index experienced a decline of 26.07 points (0.99%) today, closing at 2,597.49. This drop comes after a significant gain of 114.70 points in the previous trading session, marking a volatile day for the market.
The NEPSE Index started the day at 2,629.73 points, reaching an intraday high of 2,643.76 before falling to an intraday low of 2,582.72, reflecting the market’s fluctuations throughout the session.
The Hotel and Tourism Index also faced a decline today, dropping 116.99 points (1.79%) to close at 6,411.08. This downturn followed a notable rise of 368.14 points in the previous session. The sector began trading at 6,534.02 points, peaked at an intraday high of 6,556.54, and hit an intraday low of 6,309.19.
Investors in the hotel and tourism sector, which has been performing well lately, may be experiencing some uncertainty, as this sector often mirrors broader market volatility and external factors influencing tourism demand.
