The Nepal Stock Exchange (NEPSE) experienced a significant decline today, falling by 51.37 points (1.91%) to close at 2,630.91. This follows a loss of 33.42 points in the previous session, continuing the downward trend in the market.
The market opened at 2,684 and saw fluctuations throughout the day, with an intraday high of 2,684.32 and a low of 2,622.76. Despite efforts to stabilize, the NEPSE faced consistent selling pressure, resulting in an overall decline.
The Hotel and Tourism sector was particularly affected, dropping by 153.43 points (2.31%) to close at 6,472.53. This follows a loss of 134.45 points in the previous session, reflecting the ongoing challenges faced by the sector. The index opened at 6,625.97, fluctuating between an intraday high of 6,625.97 and a low of 6,436.74, before settling at a significant loss.
The decline in both the overall market and the Hotel and Tourism sector highlights ongoing market uncertainties, with investors closely watching for any signs of recovery in the coming days.