The Hotels and Tourism Index surged sharply today, gaining 185.01 points (2.39%) to close at 7,907.86, following a previous session increase of 193.09 points. The index opened at 7,690.16, reaching an intraday high of 7,919.09 and a low of 7,690.16, reflecting strong investor interest in the sector.
NEPSE Performance
The Nepal Stock Exchange (NEPSE) also experienced a significant rise, climbing 48.71 points (1.73%) to settle at 2,851.24, after a prior session gain of 45.12 points. The benchmark index started the day at 2,805.18, touched a high of 2,854.66, and recorded a low of 2,797.49 during intraday trading.
Trading Activity
A total of 27,931,770 shares were traded across 338 companies, completing 108,869 transactions. The total turnover for the day reached Rs. 9.91 Arba. The market capitalization stood at Rs. 48.47 Kharba, with a float market capitalization of Rs. 16.31 Kharba, indicating robust trading activity and investor confidence in the market.
Outlook
The upward trend in both the Hotels and Tourism Index and NEPSE suggests growing optimism among investors, particularly in the hospitality and tourism sectors, which have been recovering steadily in recent months. Analysts expect continued cautious optimism as trading momentum remains strong.
