The Hotel and Tourism Index witnessed a notable decline in Tuesday’s trading session, falling by 44.27 points or 0.56 percent to close at 7,733.20 on the Nepal Stock Exchange. The sectoral index had also posted a loss of 18.59 points in the previous trading session, continuing its downward trend amid weak investor sentiment in tourism-related stocks.
During the day’s trading, the Hotel and Tourism Index opened at 7,747.77 and climbed to an intraday high of 7,752.77 before slipping to a low of 7,691.12. Market analysts said selling pressure in hotel and tourism companies contributed to the sector’s decline despite overall market fluctuations remaining relatively moderate.
NEPSE Closes in Negative Territory
The broader NEPSE benchmark index also ended lower, declining by 6.51 points or 0.23 percent to settle at 2,724.39.
The benchmark opened the trading session at 2,726.71 and touched an intraday high of 2,734.73, while the day’s low stood at 2,719.27. Despite the decline, trading activity remained active throughout the session with investors participating across multiple sectors.
Daily Turnover Crosses Rs 3 Arba
According to NEPSE data, total daily turnover reached Rs 3.08 Arba during the session. A total of 7,816,478 shares of 346 listed companies were traded through 45,519 transactions. The total market capitalization of the stock market stood at Rs 46.46 Kharba, while the float market capitalization reached Rs 15.53 Kharba.
Investors Monitor Market Direction
Market observers say investors are closely monitoring sectoral movements and broader economic indicators as the market continues to fluctuate around the 2,700-point level. The decline in the tourism index comes despite expectations of increased tourism activity during Nepal’s ongoing travel and mountaineering season. Analysts noted that short-term profit booking and cautious investor sentiment may have contributed to the market’s overall negative close.
