{"id":271078,"date":"2019-06-26T16:56:37","date_gmt":"2019-06-26T14:56:37","guid":{"rendered":"https:\/\/informante.web.na\/?p=271078"},"modified":"2019-06-26T16:56:37","modified_gmt":"2019-06-26T14:56:37","slug":"market-recap-19-june-to-25-june-2019","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=271078","title":{"rendered":"Market Recap 19 June to 25 June 2019"},"content":{"rendered":"

The local market was quiet this week, with the NSX Local index down 0.21% at 623, and the NSX Overall Index up 0.43% at 1392. As at 25 June, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 10 billion, followed by FirstRand Namibia with N$ 9.3 billion, Capricorn Investment Group with N$ 8.2 billion, and Trustco Group with N$ 7.6 billion. Agra lead the market this week with growth of 0.61% to close at N$ 1.65 per share. In terms of volume Trustco Group lead the market with N$ 805 thousand worth of shares traded, with FirstRand Namibia in second place with N$ 648 thousand worth of shares traded. The local currency gained 1.89% against the US Dollar, to close at N$ 14.37 per USD, and gained 0.87% against the British Pound, to close at N$ 18.23 per GBP. It closed at N$ 16.33 against the Euro, a gain of 0.35%.<\/p>\n

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The Namibia Statistics Agency released the GDP figures for the first quarter of 2019, and revealed that the economy had contracted by 2% during that quarter, compared to a contraction of 0.5% a year earlier. The sectors that contributed most to the contraction were the Construction, Wholesale &
\nretail trade, Agriculture & forestry as well as Hotels & restaurants sectors that recorded declines of 27.8%, 6.7%, 6.7% and 8.7%, respectively. However, during the first quarter, Namibia experienced a trade surplus for the first time since 2011, as imports had declined faster than exports.<\/p>\n\t\t

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The local market was quiet this week, with the NSX Local index down 0.21% at 623, and the NSX Overall Index up 0.43% at 1392. As at 25 June, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 10 billion, followed by FirstRand Namibia with N$ 9.3 billion, Capricorn …<\/p>\n","protected":false},"author":10,"featured_media":271079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-271078","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"\nMarket Recap 19 June to 25 June 2019 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market was quiet this week, with the NSX Local index down 0.21% at 623, and the NSX Overall Index up 0.43% at 1392.\" \/>\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=271078\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 19 June to 25 June 2019 - 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