The Nepal Stock Exchange (NEPSE) recorded a double-digit decline of 11.49 points (0.42%) to close at 2,688.31, following a double-digit 11.64-point loss in the previous session. Opening at 2,697.52, the benchmark index experienced sharp movements, reaching an intraday high of 2,725.95 before retreating to a low of 2,683.28.
Despite attempts at recovery, the index remained under pressure, reflecting mixed investor sentiment and sectoral weakness. Among the most affected sectors, the Hotel and Tourism Index continued its downward trend, marking a double-digit decline of 16.36 points (-0.24%) to settle at 6,739.68. This drop follows a 25.22-point decline in the previous session, further emphasizing bearish momentum in the sector.
The Hotel and Tourism Index opened at 6,748.19 but faced strong resistance, briefly rising to a high of 6,813.57 before slipping to an intraday low of 6,692.50. The consistent downward trend signals investor caution, likely driven by macroeconomic uncertainties and sector-specific challenges.
Analysts suggest that the ongoing decline in the Hotel and Tourism sector could be linked to seasonal factors, reduced foreign inflows, and broader economic concerns. Market participants remain watchful of further developments as NEPSE continues to exhibit unpredictable movements.
