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Market Recap 15 to 21 September 2021

Market Recap 15 to 21 September 2021

The local market was active this week, with the NSX Local index up 0.4% at 466, and the NSX Overall Index down 8.73% at 1359. As at 21 September, 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 Ltd lead the market this week with growth of 0.55% to close at N$ 1.83 per share, with Namibia Breweries in second place, closing at N$ 34.11 per share after growth of 0.24%. In terms of volume FirstRand Namibia lead the market with N$ 21 million worth of shares traded, with Standard Bank Namibia in second place with N$ 4.6 million worth of shares traded. The local currency lost 3.41% against the US Dollar, to close at N$ 14.81 per USD, and lost 2.28% against the British Pound, to close at N$ 20.22 per GBP. It closed at N$ 17.36 against the Euro, a loss of 2.72%.

 

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 inflation figures for the month of August 2021, and revealed that annual inflation is now 3.4% compared to 2.4% the same time last year, having increased from the 4.0% recorded for July 2021. The growth in the price index was due to increases in the prices of Food and non-alcoholic beverages accounting for 1.0% of the increase, as well as Transport accounting for 0.9% of the increase. Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 3.1% compared to 3.8% last month, with Zone 2 (Khomas) seeing inflation of 3.1%, compared to 3.6% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 4.5%, compared to 5.0% last month.

 

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