Tourism Info Nepal

NEPSE Index Drops by 45.93 Points Amid Fluctuations

NEPSE Index Drops by 45.93 Points Amid Fluctuations

The Nepal Stock Exchange (NEPSE) experienced a significant decline today, falling by 45.93 points (1.67%) to close at 2,689. This drop follows a loss of 15.93 points in the previous trading session, continuing a downward trend in the market.

The market opened at 2,752.38, displaying considerable volatility throughout the day. It reached an intraday low of 2,675.92 and peaked at 2,735.67, reflecting investor uncertainty and fluctuating sentiments.

The Hotel and Tourism sub-index also suffered a notable decline, falling by 126.11 points (1.84%) to close at 6,726.84. This comes after a significant loss of 258.66 points in the previous session, marking a challenging period for this key sector.

The Hotel and Tourism sector opened the day at 6,852.96, with fluctuations leading to an intraday low of 6,694.74 and a high of 6,886.93. The sector’s performance underscores growing concerns among investors, potentially influenced by broader market conditions and sector-specific challenges.

The consecutive declines in both the overall NEPSE Index and the Hotel and Tourism sub-index highlight a cautious sentiment in the market. Analysts suggest that factors such as profit-booking, external economic influences, or sector-specific issues might be contributing to the current trend.

Investors are closely monitoring market movements, particularly in key sectors like Hotel and Tourism, which play a significant role in Nepal’s economy.

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