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Market Recap 5 Aug to 11 Aug 2020

Market Recap 5 Aug to 11 Aug 2020


The local market was quiet this week, with the NSX Local index flat at 479, and the NSX Overall Index up 1.52% at 1112. As at 11 August, Trustco Group was the largest local company on the exchange, with market capitalization of N$ 10.4 billion, followed by Namibia Breweries with N$ 7.1 billion, Capricorn Group with N$ 6.4 billion, and FirstRand Namibia with N$ 6.1 billion. Trustco Group lead the market this week with growth of 30% to close at N$ 6.50 per share. In terms of volume Trustco Group again lead the market with N$ 1.4 million worth of shares traded, with Namibia Breweries in second place with N$ 421 thousand worth of shares traded. The local currency lost 0.46% against the US Dollar, to close at N$ 17.46 per USD, and lost 0.35% against the British Pound, to close at N$ 22.78 per GBP. It closed at N$ 20.50 against the Euro, a gain of 0.09%.


local market NSX index August Trustco Group Namibia Breweries


The Namibia Statistics Agency released the Trade Statistics Bulletin for June 2020, and revealed that trade during the month was lower by 12.2%, with N$ 14.1 billion in trade compared to N$ 16.1 billion in May 2020. This is also lower than the N$ 15.5 billion recorded in June 2019. Exported declined by 3.9% to N$ 7.2 billion from N$ 7.4 billion in May, with imports dropping by 19.5% to N$ 6.9 billion. As a result, the country recorded a trade surplus of N$ 324 million, the second time a surplus was recorded this year. China was Namibia’s largest export market (29.3%), while South Africa was Namibia’s largest import market (46.7%). Most export goods left via seaports (39.7%), while 79.4% of imports were done via road.


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