{"id":282717,"date":"2019-10-30T15:48:27","date_gmt":"2019-10-30T13:48:27","guid":{"rendered":"https:\/\/informante.web.na\/?p=282717"},"modified":"2019-10-30T15:48:29","modified_gmt":"2019-10-30T13:48:29","slug":"market-recap-23-oct-to-29-oct-2019","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=282717","title":{"rendered":"Market Recap 23 Oct to 29 Oct 2019"},"content":{"rendered":"\n<p>The local market remained stable this week, with the NSX Local index up 0.2% at 617, and the NSX Overall Index up 0.17% at 1322. As at 29 October, Trustco Group was the largest local company on the exchange, with market capitalization of N$ 11.4 billion, followed by Namibia Breweries with N$ 10 billion, FirstRand Namibia with N$ 8.9 billion, and Capricorn Investment Group with N$ 8 billion. Trustco Group lead the market this week, closing at N$ 9.44 per share after growth of 4.31%, with Namibia Asset Management in second place, closing at 56c per share after growth of 1.82%.<\/p>\n<p>\u00a0<\/p>\n<p>In terms of volume Trustco Group lead the market with N$ 1.48 million worth of shares traded, with Namibia Asset Management in second place with N$ 178 thousand worth of shares traded. The local currency lost 0.03% against the US Dollar, to close at N$ 14.59 per USD, and gained 0.05% against the British Pound, to close at N$ 18.78 per GBP. It closed at N$ 16.21 against the Euro, a gain of 0.08%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1024\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019-1000x1024.png\" alt=\"\" class=\"wp-image-282719\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019-1000x1024.png 1000w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019-293x300.png 293w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019-768x786.png 768w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019-36x36.png 36w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019.png 1465w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<p>Agra Ltd announced its audited consolidated group financial results for the year ending 31 July 2019, and revealed that revenue had gone up by 14.3% for the year to N$ 1.73 billion. Unfortunately, as a result of an increase in low-margin sales, the gross profit did not increase by the same amount, resulting in net profit for the year decreasing by 24.1% to N$ 24 million.<\/p>\n<p>\u00a0<\/p>\n<p>As a result, while net asset value per share increase to N$ 4.08 from N$ 3.90 last year, the basic earning per share and headline earning per share decreased to 23.74c and 23.78c, from 31.15c and 34.02c respectively.<\/p>\n<p>\u00a0<\/p>\n<p>Nevertheless, a final dividend of 4c per share was declared on 22 October 2019.<\/p>\n\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":282718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-282717","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Recap 23 Oct to 29 Oct 2019 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market remained stable this week, with the NSX Local index up 0.2% at 617, and the NSX Overall Index up 0.17% at 1322. As at 29 October\" \/>\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=282717\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 23 Oct to 29 Oct 2019 - Informant\u00e9\" \/>\n<meta property=\"og:description\" content=\"The local market remained stable this week, with the NSX Local index up 0.2% at 617, and the NSX Overall Index up 0.17% at 1322. As at 29 October\" \/>\n<meta property=\"og:url\" content=\"https:\/\/informante.web.na\/?p=282717\" \/>\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=\"2019-10-30T13:48:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-30T13:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/Market-Recap-23-Oct-to-29-Oct-2019-preview-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=\"Desmond van Heerden\" \/>\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=\"Desmond van Heerden\" \/>\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=282717#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=282717\"},\"author\":{\"name\":\"Desmond van Heerden\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/#\\\/schema\\\/person\\\/fe448a2e68079bc355c3b180636710b0\"},\"headline\":\"Market Recap 23 Oct to 29 Oct 2019\",\"datePublished\":\"2019-10-30T13:48:27+00:00\",\"dateModified\":\"2019-10-30T13:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=282717\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=282717#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/Market-Recap-23-Oct-to-29-Oct-2019-preview.png\",\"articleSection\":[\"Business\",\"News\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=282717\",\"url\":\"https:\\\/\\\/informante.web.na\\\/?p=282717\",\"name\":\"Market Recap 23 Oct to 29 Oct 2019 - Informant\u00e9\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=282717#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=282717#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/Market-Recap-23-Oct-to-29-Oct-2019-preview.png\",\"datePublished\":\"2019-10-30T13:48:27+00:00\",\"dateModified\":\"2019-10-30T13:48:29+00:00\",\"description\":\"The local market remained stable this week, with the NSX Local index up 0.2% at 617, and the NSX Overall Index up 0.17% at 1322. 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