The Nepal Stock Exchange (NEPSE) Index witnessed a significant decline today, closing at 2,782.60 points, marking a drop of 111.96 points or 3.86% from the previous session. This follows a previous drop of 79.88 points, where the index had closed at 2,894.57 points.
The trading session opened at 2,899.8 points and saw considerable fluctuation throughout the day, with an intraday high of 2,902.75 points and a low of 2,770.39 points before settling at its closing value.
Despite the overall market downturn, the Hotel and Tourism Index emerged as the sole sector in the green, posting a gain of 0.43%. This resilience stands in contrast to the broader market, where sectors like Banking experienced the highest losses, with the Banking SubIndex dropping by 4.92%.
The session’s fluctuations highlight the volatility within the market, yet the Hotel and Tourism sector’s positive performance signals investor confidence in its growth potential, even amidst broader market challenges.
