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Market Recap 14 April to 20 April 2021

Market Recap 14 April to 20 April 2021

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.

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