Select your Top Menu from wp menus
Latest News
Market Recap

Market Recap


WEEKLY market review

2 January to 8 January 2019

The local market was active this week, with the NSX Local index down 0.05% at 621, and the NSX Overall Index down 1.04% to close at 1293. As at 8 January, Trustco Group was the largest local company on the exchange, with market capitalization of N$ 15.4 billion, followed by FirstRand Namibia with N$ 11.6 billion, Namibia Breweries with N$ 9.5 billion, and Capricorn Investment Group with N$ 8.2 billion. Trustco Group lead the market this week, with growth of 10.45% to close at N$ 15.75 per share, with Capricorn Investment Group in second place with growth of 1.94% to close at N$ 15.80 per share. In terms of volume Namibia Breweries with lead the market with N$ 8.4 million worth of shares traded, with Capricorn Investment Group in second place with N$ 8.2 million worth of shares traded. The local currency gained 3.18% against the US Dollar, to close at N$ 13.93 per USD, and gained 3.32% against the British Pound, to close at N$ 17.74 per GBP. It closed at N$ 15.96 against the Euro, a gain of 3.24%.

The Namibia Statistics Agency released the inflation figures for the month of November 2018, and revealed that annual inflation is now 5.6% compared to 5.2% the same time last year, having increased from the 5.1% recorded for October 2018. The increase since last year is attributed to rising prices in all baskets except for the prices in Housing, water, and electricity which declined (8.6% to 3.7%), Hotel, cafes and restaurants (6.7% to 2.9%), Health services (5.7% to 4.8%) and Other goods and services which decreased (4.3% to 3.6%).

Related posts