The Nepal Stock Exchange (NEPSE) closed in the red today, recording a decline of 8.30 points (0.30%), settling at 2,748.05. This dip follows a strong performance in the previous session, where NEPSE had surged by 39.70 points.
The market started the day at 2,757.13 and experienced notable fluctuations throughout the trading session. NEPSE reached an intraday low of 2,738.80 and peaked at 2,774.14 before closing lower.
The Hotels and Tourism Index, a key indicator for the hospitality sector, saw a sharp decline of 56.17 points (0.80%) today, closing at 6,896.54. In comparison, the index had gained 98.85 points during the previous session.
Starting at 6,952.83, the index mirrored the broader market’s volatility, reaching an intraday low of 6,847.64 and a high of 7,020.68.
The decline in both NEPSE and the Hotels and Tourism Index reflects increased market volatility, likely driven by investor sentiment and sector-specific factors. The performance of the Hotels and Tourism Index is particularly significant, as it highlights fluctuations in the tourism sector, a vital contributor to Nepal’s economy.
Market watchers suggest that while the drop in today’s session may indicate a temporary correction, overall investor confidence in the tourism sector remains crucial for sustaining momentum. Further analysis and updates are expected as the market reacts to ongoing economic developments.
