The Nepal Stock Exchange (NEPSE) Index experienced a sharp decline, dropping by 90.73 points, or 3.20%, to close at 2,739.46 points. This downturn follows a modest gain of 6.90 points in the previous session, where the index had closed at 2,830.16 points.
The trading session began with the index at 2,860.07 points, marked by significant volatility throughout the day. The index reached an intraday high of 2,860.39 points before dipping to a low of 2,732.40 points, ultimately closing at 2,739.46 points.
The Hotel and Tourism Index also saw a substantial decline, falling by 328.22 points, or 4.47%, to close at 7,003.99 points. This drop follows a previous gain of 47.74 points, which had brought the index to 7,332.21 points.
Starting the session at 7,362.94 points, the Hotel and Tourism Index demonstrated considerable fluctuations, with an intraday high of 7,371.42 points and a low of 6,970.90 points before closing at 7,003.99 points. This significant drop in both the NEPSE and Hotel & Tourism Index highlights the market’s ongoing volatility and its impact on the tourism sector.
