Select your Top Menu from wp menus
  • Instagram
Market Recap 3 August to 9 August 2022

Market Recap 3 August to 9 August 2022

In the local market this week, the NSX Local index was down 1.25% at 467.7, and the NSX Overall Index was up 4.59% at 1587. As at 9 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, Capricorn Group Limited with N$ 5.7 billion and Mobile Telecommunications Limited with N$ 5.6 billion. Trustco Group Holdings Limited lead the market this week, closing at N$ 0.61 per share after growth of 52.5%, with Agra Ltd second, closing at N$ 2.46 after growth of 0.8%. In terms of volume FirstRand Namibia Limited lead the market with N$ 2.9 million worth of shares traded, with Namibia Breweries in second place with N$ 0.8 million worth of shares traded. The local currency gained 1.28% against the US Dollar, to close at N$ 16.60 per USD, and gained 2.05% against the British Pound, to close at N$ 20.04 per GBP. It closed at N$ 20.04 against the Euro, a gain of 0.87%.

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 Trade Statistics Bulletin for June 2022, and revealed that trade during the month decreased by 1.7%, with N$ 18.4 billion in trade compared to N$ 118.8 billion in May 2022. This is higher than the N$ 15.3 billion recorded in June 2021. Exports increased by 26% to N$ 8.0 billion, with imports decreasing by 15.9% to N$ 10.5 billion. As a result, the country recorded a trade deficit of N$ 2.5 billion, shrinking from N$ 6.1 billion in May. The increase in exports was mainly due to Uranium increasing by N$1.2 billion, Copper ores and concentrates increasing by N$211 million, Petroleum oils increasing by N$152 million, Ores and concentrates of base metals increasing by N$142 million, and Precious stones(diamonds) increasing by N$98 million. The increase in imports was due to Copper ores and concentrates decreasing by N$1.5 billion, Ores and concentrates of precious metals decreasing by N$590 million, Sulphur and unroasted iron pyrites decreasing by N$451 million, Sugars, molasses and honey, decreasing by N$174 million, and Civil engineering and contractors’ equipment, decreasing by N$89 million. Botswana was Namibia’s largest export market (19.6%), with South Africa as Namibia’s largest import market (35.3%). Most export goods left via seaport (39.5%), with 52.2% of imports done via road.

 

Related posts