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%.
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.
