The Nepal Stock Exchange (NEPSE) Index continued its downward trajectory, dropping by 55.86 points, or 2.06%, to close at 2,646.03 points on the latest trading day. This decline follows a previous session’s dip of 25.46 points, indicating a continued slide in market performance.
The trading day opened with the NEPSE Index at 2,702.57 points, reaching an intraday high of 2,706.54 points before sharply falling to a low of 2,637.71 points. By the end of the session, the index had settled at 2,646.03 points, marking a significant decrease in investor confidence.
The Hotel and Tourism Index was particularly hard hit, registering a 2.67% drop. The sector index fell by 184.28 points, closing at 6,712.35 points. This marked a continuation of the previous session’s loss of 98.97 points.
Starting the day at 6,896.64 points, the Hotel and Tourism Index briefly peaked at 6,908.41 points before plunging to a low of 6,678.89 points, closing at 6,712.35 points. The substantial dip reflects the sector’s ongoing struggles, signaling potential concerns for investors and stakeholders in Nepal’s tourism and hospitality industry.
The continued decline in both the broader NEPSE market and the Hotel and Tourism Index suggests a challenging period for the market, with further volatility expected. Investors in the hotel and tourism sector are now closely watching for signs of recovery or stabilization amid market uncertainty.
