The local market was somewhat active this week, with the NSX Local index flat at 455, and the NSX Overall Index up 6.7% at 1330. As at 12 January, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 6.8 billion, followed Capricorn Group by with N$ 6.7 billion, FirstRand Namibia with N$ 6.2 billion and Trustco Group with N$ 5.3 billion. In terms of volume Namibia Breweries lead the market with N$ 10.5 million worth of shares traded, with Trustco Group in second place with N$ 418 thousand worth of shares traded. The local currency lost 1.63% against the US Dollar, to close at N$ 15.21 per USD, and lost 1.96% against the British Pound, to close at N$ 20.79 per GBP. It closed at N$ 18.57 against the Euro, a loss of 0.88%.
The Namibia Statistics Agency released the inflation figures for the month of November 2020, and revealed that annual inflation is now 2.2% compared to 2.5% the same time last year, having decreased from the 2.3% recorded for October 2020. The slow growth in the price index was due to declines registered in the price levels of clothing and footwear (1.9% to -6.5%), hotels, cafes and restaurants (3.5% to 0.9%), housing, water, electricity, gas and other fuels (1.9% to -1.3%), transport (0.1% to -1.2%) and recreation and culture (4.9% to 4.3%). Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 2.0% compared to 2.6% last month, with Zone 2 (Khomas) seeing inflation of 2.6% compared to 2.4% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 2.1%, compared to 1.8% last month.