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Market Recap 6 Jan to 12 Jan 2021

Market Recap 6 Jan to 12 Jan 2021

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%.


Market Recap NSX Local index 2021 Namibia Breweries local company exchange Capricorn Group FirstRand Namibia Trustco Group Breweries shares traded


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.

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