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Market Recap 14 Oct to 20 Oct 2020

Market Recap 14 Oct to 20 Oct 2020

The local market was quiet this week, with the NSX Local index up 0.02% at 465, and the NSX Overall Index up 1.72% at 1090. As at 20 October, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 6.728 billion, followed by Capricorn Group with N$ 6.721 billion, FirstRand Namibia with N$ 6.2 billion, and Trustco Group with N$ 5.3 billion. Trustco Group lead the market this week with growth of 3.45% to close at N$ 3.30 per share, with Standard Bank Namibia in second place with growth of 0.14% to close at N$ 6.91 per share. In terms of volume Oryx Properties lead the market with N$ 1.3 million worth of shares traded, with Capricorn Group in second place with N$ 831 thousand worth of shares traded. The local currency lost 0.03% against the US Dollar, to close at N$ 16.48 per USD, and lost 0.09% against the British Pound, to close at N$ 21.32 per GBP. It closed at N$ 19.47 against the Euro, a loss of 0.68%.

 

Market Recap local NSX index Namibia Breweries Statistics Agency Capricorn Group FirstRand

 

The Namibia Statistics Agency released the inflation figures for the month of September 2020, and revealed that annual inflation is now 2.4% compared to 3.3% the same time last year, having increased from the 2.4% recorded for August 2020. The slow growth in the price index was due to declines registered in the price levels of clothing and footwear (1.4% to -5%). Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 2.5% compared to 2.5% last month, with Zone 2 (Khomas) seeing inflation of 2.6% compared to 2.9% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 1.9%, compared to 1.5% last month.

 

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