The Nepal Stock Exchange (NEPSE) experienced a modest gain today, advancing by 5.10 points (0.19%) to close at 2,581.60. This follows a significant drop of 33.08 points in the previous trading session.
The market opened at 2,577.43 and exhibited considerable fluctuation throughout the day, reaching an intraday high of 2,589.42 and a low of 2,567.97. Despite the volatility, the market managed to close in positive territory, offering a slight relief to investors.
The Hotel and Tourism Index, a key sector indicator, also rebounded today, increasing by 59.98 points (0.95%) to close at 6,359.39. This marks a recovery after the index suffered a sharp decline of 88.49 points in the previous session.
The day began with the Hotel and Tourism Index at 6,299.41 and witnessed intraday movements, hitting a high of 6,373.40 and dipping to a low of 6,248.99 before stabilizing at its closing value.
This rebound in the Hotel and Tourism Index signals a potential recovery in investor confidence within the sector, which has been closely watched due to its critical role in Nepal’s economy. The overall market’s resilience amidst fluctuations points to cautious optimism among traders.