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Market Recap 2 June to 8 June 2021

Market Recap 2 June to 8 June 2021

The local market was active this week, with the NSX Local index up 0.16% at 441, and the NSX Overall Index down 1.98% at 1439. As at 8 June, Capricorn Group was the largest local company on the exchange, with market capitalization of N$ 6.9 billion, followed by FirstRand Namibia with N$ 6.7 billion, Namibia Breweries with N$ 6.4 billion and Standard Bank Namibia with N$ 3.4 billion. Capricorn Group lead the market this week with growth of 0.37% to close at N$ 13.42 per share, with FirstRand Namibia in second place at N$ 25.16 per share after growth of 0.04%. In terms of volume Paratus Namibia lead the market with N$95.7 million worth of shares traded, with Oryx Properties in second place with N$ 1.3 million worth of shares traded. The local currency gained 1.42% against the US Dollar, to close at N$ 13.55 per USD, and gained 1.34% against the British Pound, to close at N$ 19.18 per GBP. It closed at N$ 16.49 against the Euro, a gain of 1.74%.


Market Recap Capricorn FirstRand Breweries Trustco Group Oryx Properties Asset Management FirstRand Namibia US Dollar USD British Pound GBP Euro


The Namibia Statistics Agency released the Trade Statistics Bulletin for April 2021, and revealed that trade during the month was higher by 0.8%, with N$ 18.7 billion in trade compared to N$ 18.6 billion in March 2021. This is higher than the N$ 13.1 billion recorded in April 2020, when Namibia was in its first lockdown. Exports decreased by 0.8% to N$ 8.3 billion from N$ 8.4 billion in March, with imports increasing by 2% to N$ 10.4 billion from the N$ 10.2 billion in March. As a result, the country recorded a trade deficit of N$ 2 billion, widening from the N$ 1.8 billion deficit recorded in March. China was Namibia’s largest export market (46%), while South Africa was Namibia’s largest import market (32%). Most export goods left via seaports (68.4%), while 59.4% of imports were done via road.

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