The Nepal Stock Exchange (NEPSE) experienced a modest gain of 17.80 points (0.64%) on Sunday, closing at 2,775.85. This follows an earlier increase of 19.97 points in the previous trading session, indicating continued positive momentum for the broader market.
The market opened at 2,772.74 and saw fluctuations throughout the day, reaching an intraday low of 2,751.31 before touching a high of 2,793.03.
In contrast to the overall market trend, the Hotel and Tourism Index faced a setback, declining by 124.67 points (1.71%) to close at 7,140.64. This drop follows a robust gain of 348.04 points in the last session.
The index began the day at 7,308.93 and exhibited considerable volatility, with an intraday low of 7,122.93 and a high of 7,353.18.
The contrasting performance highlights the mixed investor sentiment across sectors. While the NEPSE’s overall gain suggests optimism, the Hotel and Tourism sector’s decline may reflect profit-booking or concerns specific to the industry.
The Hotel and Tourism Index, often seen as a proxy for the tourism sector’s performance, had shown strong growth in the previous session. However, today’s decline indicates that the sector is facing challenges amid fluctuating market conditions.
Market analysts suggest that the broader market’s steady gains could be attributed to positive macroeconomic indicators and increased investor participation. However, the dip in the Hotel and Tourism Index raises questions about sector-specific hurdles, such as seasonal demand fluctuations or concerns about rising costs in the industry.
As the market heads into the next trading session, stakeholders will closely monitor sectoral performances and economic cues to gauge future trends.