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Market Recap 7 July to 13 July 2021

Market Recap 7 July to 13 July 2021

The local market was active this week, with the NSX Local index up 0.59% at 447, and the NSX Overall Index up 2.9% at 1418. As at 13 July, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 7.3 billion, followed by Capricorn Group with N$ 6.7 billion, Namibia Breweries with N$ 6.6 billion and Standard Bank Namibia with N$ 3.4 billion. Namibia Breweries lead the market this week with growth of 1.76% to close at N$ 31.76 per share, with Namibia Asset Management in second place at N$ 0.66 per share after growth of 1.54%. In terms of volume Namibia Breweries again lead the market with N$14.3 million worth of shares traded, with FirstRand Namibia in second place with N$ 5.7 million worth of shares traded. The local currency lost 2.42% against the US Dollar, to close at N$ 14.73 per USD, and lost 2.52% against the British Pound, to close at N$ 20.35 per GBP. It closed at N$ 17.35 against the Euro, a loss of 2%.

 

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 May 2021, and revealed that trade during the month was severely decreased by 37.8%, with N$ 14.1 billion in trade compared to N$ 22.6 billion in April 2021. This is even lower than the N$ 16 billion recorded in May 2020, when Namibia was emerging from its first lockdown. Exports decreased by 51.6% to N$ 5.4 billion from N$ 11.2 billion in April, with imports decreasing by 24.2% to N$ 8.6 billion from the N$ 11.3 billion in April. As a result, the country recorded a trade deficit of N$ 3.2 billion, widening from the N$ 143 million deficit recorded in April. China was Namibia’s largest export market (27.9%), while South Africa was Namibia’s largest import market (43.2%). Most export goods left via seaports (56.9%), while 70.1% of imports were done via road.

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