The local market was quite active this week, with the NSX Local index up 3.51% at 616, and the NSX Overall Index up 6.23% at 1313. As at 17 September, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 10 billion, followed by Trustco Group with N$ 9.9 billion, FirstRand Namibia with N$ 8.3 billion, and Capricorn Investment Group with N$ 8.2 billion. Trustco Group lead the market this week with growth of 17.99% to close at N$ 8.20 per share, while Namibia Breweries took second place with growth of 5.11% to close at N$ 48.35 per share. In terms of volume Namibia Breweries lead the market with N$ 42.9 million worth of shares traded, with FirstRand Namibia in second place with N$ 0.9 million worth of shares traded. The local currency lost 0.63% against the US Dollar, to close at N$ 14.74 per USD, and lost 1.88% against the British Pound, to close at N$ 18.43 per GBP. It closed at N$ 16.32 against the Euro, a loss of 0.92%.
The Namibia Statistics Agency released the inflation figures for the month of August 2019, and revealed that annual inflation is now 3.7% compared to 4.4% the same time last year, having reduced from the 3.6% recorded for July 2019. Decreases in price were noted in transport (9.7% to 6.1%), housing, water, electricity, and fuels (4.4% to 1.9%), health (5.1% to 3.1%), alcoholic beverages and tobacco (5.4% to 3.9%), other goods and services (3.9% to 2.3%) and hotels and restaurants (4.5% to 3.4%). Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 3.5% compared to 4.8% last year and 3.3% last month, with Zone 2 (Khomas) seeing inflation of 3.1% compared to 4.4% last year and 3.0% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 4.9%, compared to 5.1% last year and 5.1% last month.