Select your Top Menu from wp menus
  • Instagram
Market Recap 14 July to 20 July 2021

Market Recap 14 July to 20 July 2021

The local market was quiet this week, with the NSX Local index up 0.27% at 448, and the NSX Overall Index down 4.86% at 1321. As at 20 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 0.79% to close at N$ 32.01 per share, with FirstRand Namibia in second place at N$ 27.34 per share after growth of 0.04%. In terms of volume FirstRand Namibia lead the market with N$ 246 thousand worth of shares traded, with Namibia Breweries in second place with N$ 168 thousand worth of shares traded. The local currency gained 0.84% against the US Dollar, to close at N$ 14.61 per USD, and gained 2.21% against the British Pound, to close at N$ 19.90 per GBP. It closed at N$ 17.21 against the Euro, a gain of 0.8%.



The Namibia Statistics Agency released the inflation figures for the month of June 2021, and revealed that annual inflation is now 4.1% compared to 2.1% the same time last year, having increased from the 3.8% recorded for May 2021. The growth in the price index was due to increases in the prices of Food and non-alcoholic beverages increasing by 7.3% (1.3%) which accounts for 16.5% of the inflation basket, as well as Transport increasing by 9.6% (1.3%), which accounts for 14.3% of the basket. Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 3.9% compared to 3.7% last month, with Zone 2 (Khomas) seeing inflation of 3.7%, compared to 3.4% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 4.9%, compared to 4.4% last month.

Related posts