{"id":267040,"date":"2019-05-22T15:06:10","date_gmt":"2019-05-22T13:06:10","guid":{"rendered":"https:\/\/informante.web.na\/?p=267040"},"modified":"2019-05-22T15:06:10","modified_gmt":"2019-05-22T13:06:10","slug":"market-recap-15-may-to-21-may-2019","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=267040","title":{"rendered":"Market Recap – 15 May to 21 May 2019"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The local market was active this week, with the NSX Local index down 0.19% at 631, and the NSX Overall Index down 2.55% at 1322. As at 21 May, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 10.8 billion, followed by Namibia Breweries with N$ 10 billion, Capricorn Investment Group with N$ 8.3 billion, and Trustco Group with N$ 7.8 billion. In terms of volume Capricorn Investment Group lead the market with N$ 3.5 million worth of shares traded, with FirstRand Namibia in second place with N$ 1.1 million worth of shares traded. The local currency lost 0.98% against the US Dollar, to close at N$ 14.38 per USD, and gained 0.54% against the British Pound, to close at N$ 18.28 per GBP. It closed at N$ 16.06 against the Euro, a loss of 0.55%.<\/p>\n

Bidvest Namibia announced that following a general meeting, the required majority of Bidvest Namibia\u2019s shareholders have voted to approve the delisting. As such, Bidvest Namibia will delist effective 11 June 2019, or at dates approved by the NSX and the Bank of Namibia. The board of directors have also received a statement from Bidvest Group that states that the acceptance date has now occurred in terms of the circular released on 25 April 2019, and that the offer as presented has now become unconditional and effective. Bidvest furthermore withdrew their cautionary announcement regarding this transaction.\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The local market was active this week, with the NSX Local index down 0.19% at 631, and the NSX Overall Index down 2.55% at 1322. As at 21 May, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 10.8 billion, followed by Namibia Breweries with N$ 10 billion, Capricorn …<\/p>\n","protected":false},"author":10,"featured_media":267042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-267040","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"\nMarket Recap - 15 May to 21 May 2019 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market was active this week, with the NSX Local index down 0.19% at 631, and the NSX Overall Index down 2.55% at 1322. As at 21 May, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 10.8 billion, followed by Namibia Breweries with N$ 10 billion, Capricorn Investment Group with N$ 8.3 billion, and Trustco Group with N$ 7.8 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=267040\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap - 15 May to 21 May 2019 - Informant\u00e9\" \/>\n<meta property=\"og:description\" content=\"The local market was active this week, with the NSX Local index down 0.19% at 631, and the NSX Overall Index down 2.55% at 1322. As at 21 May, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 10.8 billion, followed by Namibia Breweries with N$ 10 billion, Capricorn Investment Group with N$ 8.3 billion, and Trustco Group with N$ 7.8 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/informante.web.na\/?p=267040\" \/>\n<meta property=\"og:site_name\" content=\"Informant\u00e9\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/informantenam\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-22T13:06:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/05\/Market-Recap-for-Web-15-May-21-May-2019-1024x512.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Staff Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@informantenews\" \/>\n<meta name=\"twitter:site\" content=\"@informantenews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040\"},\"author\":{\"name\":\"Staff Reporter\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/#\\\/schema\\\/person\\\/6ab65e7153fe62b690517153b8913a80\"},\"headline\":\"Market Recap – 15 May to 21 May 2019\",\"datePublished\":\"2019-05-22T13:06:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040\"},\"wordCount\":223,\"publisher\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/Market-Recap-for-Web-15-May-21-May-2019.png\",\"articleSection\":[\"Business\",\"News\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040\",\"url\":\"https:\\\/\\\/informante.web.na\\\/?p=267040\",\"name\":\"Market Recap - 15 May to 21 May 2019 - Informant\u00e9\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=267040#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/Market-Recap-for-Web-15-May-21-May-2019.png\",\"datePublished\":\"2019-05-22T13:06:10+00:00\",\"description\":\"The local market was active this week, with the NSX Local index down 0.19% at 631, and the NSX Overall Index down 2.55% at 1322. 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