{"id":223693,"date":"2018-12-06T15:31:45","date_gmt":"2018-12-06T13:31:45","guid":{"rendered":"https:\/\/informante.web.na\/?p=223693"},"modified":"2019-01-22T07:19:24","modified_gmt":"2019-01-22T05:19:24","slug":"market-recap-3","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=223693","title":{"rendered":"Market Recap"},"content":{"rendered":"

\"Market<\/p>\n

WEEKLY market review<\/p>\n

28\u00a0 November\u00a0 to 4\u00a0 December\u00a0 2018<\/p>\n

The local market was very active this week, with the NSX Local index down 1.96% at 619, and the NSX Overall Index down 0.76% to close at 1260. As at 4 December, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 11.7 billion, followed by Trustco Group with N$ 10.2 billion, Namibia Breweries with N$ 9.5 billion, and Capricorn Investment Group with N$ 8 billion. Trustco Group lead the market this week, with growth of 9.89% to close at N$ 10.44 per share, with Capricorn Investment Group second, closing at N$ 15.5 per share after growth of 0.65%. In terms of volume Capricorn Investment Group with lead the market with N$ 39.5 million worth of shares traded, with Namibia Breweries in second place with N$ 10.2 million worth of shares traded. The local currency gained 1.85% against the US Dollar, to close at N$ 13.67 per USD, and gained 2.08% against the British Pound, to close at N$ 17.39 per GBP. It closed at N$ 15.51 against the Euro, a gain of 1.36%.<\/p>\n

The Bank of Namibian released the Money and Banking Statistics for October 2018, and revealed that growth in Private Sector Credit Extension rose at the end of October, with it now being at 7.1%, compared to 6.6% a year earlier, and having increased by 0.4% since the previous month. This growth was mainly experienced in overdraft credit and other loans and advances, and could be seen in both business and household sectors. In business, this was driven by the services, fishing, manufacturing and mining sectors, while for households, the growth came from mortgage credit increasing. Overdraft credit showed the most growth, having increased to 7.2% in October compared to 2.9% in September.<\/p>\n","protected":false},"excerpt":{"rendered":"

WEEKLY market review 28\u00a0 November\u00a0 to 4\u00a0 December\u00a0 2018 The local market was very active this week, with the NSX Local index down 1.96% at 619, and the NSX Overall Index down 0.76% to close at 1260. As at 4 December, FirstRand Namibia was the largest local company on the exchange, with market capitalization of …<\/p>\n","protected":false},"author":17,"featured_media":223841,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-223693","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nMarket Recap - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market was very active this week, with the NSX Local index down 1.96% at 619, and the NSX Overall Index down 0.76% to close at 1260. 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