{"id":292344,"date":"2020-06-10T14:41:58","date_gmt":"2020-06-10T12:41:58","guid":{"rendered":"https:\/\/informante.web.na\/?p=292344"},"modified":"2020-06-10T14:42:00","modified_gmt":"2020-06-10T12:42:00","slug":"market-recap-3-june-to-9-june-2020","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=292344","title":{"rendered":"Market Recap 3 June to 9 June 2020"},"content":{"rendered":"\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The local market showed activity this week, with the NSX Local index up 0.09% at 535, and the NSX Overall Index up 5.79% at 1098. As at 9 June, FirstRand Namibia was the largest local company on the exchange, with market capitalization of N$ 8.7 billion, followed by Namibia Breweries with N$ 7.8 billion, Capricorn Group with N$ 7.2 billion, and Standard Bank Namibia with N$ 4.4 billion. Paratus Namibia Holdings lead the market this week with growth of 2.9% to close at N$10.29 per share. In terms of volume Paratus Namibia Holdings also lead the market with N$ 357 thousand worth of shares traded, with Capricorn Group in second place with N$ 356 thousand worth of shares traded. The local currency gained 3.05% against the US Dollar, to close at N$ 16.64 per USD, and gained 1.67% against the British Pound, to close at N$ 21.18 per GBP. It closed at N$ 18.87 against the Euro, a gain of 1.6%.<\/span><\/p>\n<p>\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1347\" height=\"1000\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020.jpg\" alt=\"local market activity NSX index Overall FirstRand\" class=\"wp-image-292342\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020.jpg 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020.jpg 1024w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020.jpg 768w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020.jpg 404w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020.jpg 1347w\" sizes=\"auto, (max-width: 1347px) 100vw, 1347px\" \/><\/figure><\/div>\n\n\n\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Namibia Statistics Agency released the trade statistics for the month of April 2020, and revealed that total trade reduced to N$ 11 134 million for the month, down by 31.9% compared to March, and down 42.4% compared to April 2019. Both exports and imports fell for the month, with exports down by 43% and imports down by 18.1%. As a result, Namibia showed a trade deficit of N$ 826 million for the month, compared to a surplus of N$ 424 million in April 2019. China was the largest export market for the month of April, while surprisingly Zambia was Namibia\u2019s largest import market, eclipsing South Africa.<\/span><\/p>\n<p>\u00a0<\/p>\n\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":292343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-292344","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 3 June to 9 June 2020 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market showed activity this week, with the NSX Local index up 0.09% at 535, and the NSX Overall Index up 5.79% at 1098. As at 9 June, FirstRand...\" \/>\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=292344\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 3 June to 9 June 2020 - Informant\u00e9\" \/>\n<meta property=\"og:description\" content=\"The local market showed activity this week, with the NSX Local index up 0.09% at 535, and the NSX Overall Index up 5.79% at 1098. As at 9 June, FirstRand...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/informante.web.na\/?p=292344\" \/>\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=\"2020-06-10T12:41:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-10T12:42:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/informante.web.na\/wp-content\/uploads\/2020\/06\/Market-Recap-for-Web-10-June-2020-feature.jpg?fit=2000%2C1000&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=292344#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=292344\"},\"author\":{\"name\":\"Desmond van Heerden\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/#\\\/schema\\\/person\\\/fe448a2e68079bc355c3b180636710b0\"},\"headline\":\"Market Recap 3 June to 9 June 2020\",\"datePublished\":\"2020-06-10T12:41:58+00:00\",\"dateModified\":\"2020-06-10T12:42:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=292344\"},\"wordCount\":248,\"publisher\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=292344#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/Market-Recap-for-Web-10-June-2020-feature.jpg\",\"articleSection\":[\"Business\",\"News\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=292344\",\"url\":\"https:\\\/\\\/informante.web.na\\\/?p=292344\",\"name\":\"Market Recap 3 June to 9 June 2020 - Informant\u00e9\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=292344#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=292344#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/Market-Recap-for-Web-10-June-2020-feature.jpg\",\"datePublished\":\"2020-06-10T12:41:58+00:00\",\"dateModified\":\"2020-06-10T12:42:00+00:00\",\"description\":\"The local market showed activity this week, with the NSX Local index up 0.09% at 535, and the NSX Overall Index up 5.79% at 1098. 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