The Nepal Stock Exchange (NEPSE) witnessed a significant surge today, posting a double-digit gain of 75.24 points (2.67%) to close at 2,890.28. This marks a continuation of the positive momentum from the previous session, where the index had already climbed 49.15 points. Investor sentiment remained bullish throughout the trading day, reflecting strong buying interest across multiple sectors.
The trading session began at 2,829.12, with the index fluctuating between an intraday high of 2,890.28 and a low of 2,826.86. The steady rise indicates growing confidence among investors, supported by increased market activity.
A key driver of today’s impressive performance was the Hotels and Tourism Index, which recorded an exceptional 281.67-point gain (4.14%), closing at 7,071.94. This follows a previous session increase of 75.58 points, highlighting the sector’s strong upward momentum.
The index opened at 6,807.69, reaching a peak of 7,085.40 before settling slightly lower, with an intraday low of 6,799.54.
The substantial rise in the Hotels and Tourism sector suggests growing optimism about Nepal’s tourism industry, possibly fueled by expectations of increased tourist arrivals and strong performance from hospitality-related businesses. The overall bullish sentiment in the market, combined with positive economic indicators, continues to drive NEPSE towards higher levels, signaling sustained investor confidence.
As NEPSE maintains its upward trajectory, market analysts are closely monitoring whether this momentum will continue, especially with increasing activity in key sectors like tourism, banking, and hydropower. The coming sessions will be crucial in determining if the rally sustains or if profit-booking leads to a temporary correction.
