The Nepal Stock Exchange (NEPSE) Index experienced a notable decline of 32.81 points (1.30%), closing at 2,486.76, following a gain of 58.93 points in the previous trading session. The index exhibited fluctuations throughout the day, opening at 2,519.04 points, dipping to an intraday low of 2,479.65, and reaching a high of 2,541.69 before settling.
The Hotels and Tourism Index was a significant contributor to the overall market downturn, witnessing a sharp drop of 145.63 points (2.34%) to close at 6,053.04. This follows a strong performance in the previous session, where the sector gained 210.06 points. The sector’s index opened at 6,198.68 points, reached a low of 5,970.99, and peaked at 6,249.66 before closing.
Among the various sectors, the Hotels and Tourism Index led the market decline, showing a 2.34% decrease. In contrast, the Trading Index recorded the highest sectoral gain, rising by 1.01%.
This volatility reflects the dynamic nature of the stock market, with the Hotels and Tourism sector facing the brunt of the market’s negative trend despite its recent positive momentum.
