The Nepal Stock Exchange (NEPSE) Index extended its downward trend, dropping by 12.10 points, or 0.44%, to close at 2,727.36 points. This follows a significant loss of 90.73 points in the previous trading session, resulting in a cumulative decline of 102.83 points over the last two days.
The market opened at 2,740.21 points and experienced high volatility throughout the session, reaching an intraday high of 2,758.92 points and a low of 2,686.62 points before settling at 2,727.36.
The Hotel and Tourism Index also saw further losses, decreasing by 8.38 points, or 0.11%, to close at 6,995.60 points. This follows a sharp 328.22-point drop in the previous session, marking continued pressure on the sector.
The session for the Hotel and Tourism Index began at 7,003.99 points, with fluctuations that saw the index rise to an intraday high of 7,050.63 points before falling to a low of 6,807.13 points, ultimately closing at 6,995.60.
Both indices reflect ongoing volatility in the market, signaling potential challenges for investors, particularly in the tourism and hospitality sectors, which continue to face economic pressures.
