The Nepal Stock Exchange (NEPSE) Index displayed a notable uptick today, gaining 16.29 points or 0.80% to close at 2,053.38 points. This positive movement follows a minor setback of 14.83 points in the previous trading session, indicating renewed investor confidence.
The trading session commenced with NEPSE starting at 2,038.7 points, dipping to an intraday low of 2,030.38 points. However, the index rebounded throughout the day, hitting a peak of 2,053.38 points before settling at the closing figure of 2,053.38 points.
Similarly, the Hotels And Tourism Index also saw a substantial rise, climbing by 42.34 points or 0.80% to end at 5,281.28 points. This positive trend comes after a slight decline of 21.04 points in the previous trading session.
At the start of today’s trading, the Hotels And Tourism Index opened at 5,238.94 points, touching an intraday low of 5,223.19 points. It later reached a peak of 5,282.87 points before settling at the closing value of 5,281.28 points.
Market analysts attribute today’s gains to improved sentiment among investors, driven by optimistic economic indicators and favorable market conditions. The upward movement in both indices reflects a broader confidence in the economic outlook, particularly in sectors like hospitality and tourism, crucial for Nepal’s economic recovery and growth.
