In the local market this week, the NSX Local index was down 0.04% at 505.1, and the NSX Overall Index was up 0.54% at 1734.9. As at 22 February 2022, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 9.9 billion, followed by FirstRand Namibia Limited with N$ 7.9 billion, Mobile Telecommunications Limited with N$ 6.2 billion and Capricorn Group Limited with N$ 5.8 billion. Agra Ltd lead the market this week, closing at N$ 2 per share after growth of 2.6%. In terms of volume Trustco Group Holdings Limited lead the market with N$ 0.5 million worth of shares traded, with Capricorn Group Limited in second place with N$ 0.4 million worth of shares traded. The local currency gained 0.24% against the US Dollar, to close at N$ 15.06 per USD, and lost 0.15% against the British Pound, to close at N$ 20.46 per GBP. It closed at N$ 20.46 against the Euro, a gain of 0.51%.
The Namibia Statistics Agency released the inflation figures for the month of January 2022, and revealed that annual inflation is now 4.6% compared to 2.7% the same time last year, having increased from the 4.5% recorded for December 2021. The growth in the price index was due to increases in the prices of Food and non-alcoholic beverages accounting for 1% of the increase, as well as Transport accounting for 2% of the increase. Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 4.1% compared to 4.2% last month, with Zone 2 (Khomas) seeing inflation of 5.3%, compared to 4.2% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 4.4%, compared to 5.5% last month.
