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Market Recap 24 July to 2 August 2022

Market Recap 24 July to 2 August 2022

In the local market this week, the NSX Local index was down 0.23% at 469.1, and the NSX Overall Index was up 3.10% at 1565.3. As at 2 August 2022, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 8.3 billion, followed by FirstRand Namibia Limited with N$ 8.0 billion, Mobile Telecommunications Limited with N$ 6.0 billion and Capricorn Group Limited with N$ 5.7 billion. Mobile Telecommunications Limited lead the market this week, closing at N$ 8 per share after growth of 6.4%, with Trustco Group Holdings Limited second, closing at N$ 0.4 after growth of 5.3%. In terms of volume Namibia Breweries lead the market with N$ 4.1 million worth of shares traded, with SBN Holdings Ltd in second place with N$ 2.4 million worth of shares traded. The local currency gained 0.44% against the US Dollar, to close at N$ 16.84 per USD, and lost 0.49% against the British Pound, to close at N$ 20.44 per GBP. It closed at N$ 20.44 against the Euro, a gain of 0.01%.

Market Recap Capricorn FirstRand Breweries Trustco Group Oryx Properties Asset Management FirstRand Namibia US Dollar USD British Pound GBP Euro


For the month of June 2022, Private Sector Credit Extension shrunk by N$ 710.4 million, or 0.6% since May, but grew by 9.9% compared to June 2021. Over the past year, N$ 10.4 billion worth of credit was extended in total to the private sector, with individuals receiving N$ 1.21 billion, corporates receiving N$ 2.32 billion and non-resident private sectors receiving N$ 6.92 billion.

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