The local market was quiet this week, with the NSX Local index down 0.06% at 465, and the NSX Overall Index up 1.04% at 1532. As at 17 August, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 8 billion, followed by Namibia Breweries with N$ 7 billion, Capricorn Group with N$ 6.7 billion and Standard Bank Namibia with N$ 3.4 billion. Agra lead the market this week with growth of 1.11% to close at N$ 1.82 per share, with Namibia Breweries in second place, closing at N$ 34.01 per share after growth of 0.03%. In terms of volume FirstRand Namibia lead the market with N$ 1.4 million worth of shares traded, with Namibia Breweries in second place with N$ 653 thousand worth of shares traded. The local currency lost 0.7% against the US Dollar, to close at N$ 14.90 per USD, and gained 0.05% against the British Pound, to close at N$ 20.47 per GBP. It closed at N$ 17.45 against the Euro, a loss of 0.63%.
The Namibia Statistics Agency released the inflation figures for the month of July 2021, and revealed that annual inflation is now 4.0% compared to 2.1% the same time last year, having increased from the 4.1% recorded for June 2021. The growth in the price index was due to increases in the prices of Food and non-alcoholic beverages accounting for 1.1% of the increase, as well as Transport accounting for 1.4% of the increase. Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 3.8% compared to 3.9% last month, with Zone 2 (Khomas) seeing inflation of 3.6%, compared to 3.7% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 5.0%, compared to 4.9% last month.
