The local market stayed was active this week, with the NSX Local index up 0.3% at 440, and the NSX Overall Index up 2.75% at 1400. As at 20 April, Capricorn Group was the largest local company on the exchange, with market capitalization of N$ 7 billion, followed by FirstRand Namibia with N$ 6.5 billion, Namibia Breweries with N$ 6.2 billion and Trustco Group with N$ 3.8billion. Capricorn Group lead the market this week with growth of 1.96% to close at N$ 13.50 per share, with FirstRand Namibia in second place at N$ 24.25 per share after growth of 0.21%. In terms of volume Paratus Namibia lead the market with N$ 5.4 million worth of shares traded, with Capricorn Group in second place with N$ 623 thousand worth of shares traded. The local currency gained 1.39% against the US Dollar, to close at N$ 14.30 per USD, and remained flat against the British Pound, to close at N$ 19.93 per GBP. It closed at N$ 17.21 against the Euro, a gain of 0.68%.
The Namibia Statistics Agency released the inflation figures for the month of March 2021, and revealed that annual inflation is now 3.1% compared to 2.4% the same time last year, having increased from the 2.7% recorded for February 2021. The growth in the price index was due to increases in the prices of Food and non-alcoholic beverages (2.9% to 6.6%), Housing, water, electricity, and fuels (-0.3% to 1.1%), Communications (1.1% to 3.3%), Alcoholic beverages and tobacco (2.0% to 3.8%), Health (2.3% to 3.7%) and other goods and services (6.1% to 6.4%). Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 2.9% compared to 2.4% last month, with Zone 2 (Khomas) seeing inflation of 3.0%, compared to 2.6% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 3.7%, compared to 3.5% last month.