{"id":294867,"date":"2020-08-12T16:02:31","date_gmt":"2020-08-12T14:02:31","guid":{"rendered":"https:\/\/informante.web.na\/?p=294867"},"modified":"2020-08-12T16:02:33","modified_gmt":"2020-08-12T14:02:33","slug":"market-recap-5-aug-to-11-aug-2020","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=294867","title":{"rendered":"Market Recap 5 Aug to 11 Aug 2020"},"content":{"rendered":"\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">The local market was quiet this week, with the NSX Local index flat at 479, and the NSX Overall Index up 1.52% at 1112. As at 11 August, Trustco Group was the largest local company on the exchange, with market capitalization of N$ 10.4 billion, followed by Namibia Breweries with N$ 7.1 billion, Capricorn Group with N$ 6.4 billion, and FirstRand Namibia with N$ 6.1 billion. Trustco Group lead the market this week with growth of 30% to close at N$ 6.50 per share. In terms of volume Trustco Group again lead the market with N$ 1.4 million worth of shares traded, with Namibia Breweries in second place with N$ 421 thousand worth of shares traded. The local currency lost 0.46% against the US Dollar, to close at N$ 17.46 per USD, and lost 0.35% against the British Pound, to close at N$ 22.78 per GBP. It closed at N$ 20.50 against the Euro, a gain of 0.09%.<\/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=\"2244\" height=\"1667\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png\" alt=\"local market NSX index August Trustco Group Namibia Breweries\" class=\"wp-image-294868\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png 1024w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png 768w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png 1536w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png 2048w, https:\/\/informante.web.na\/wp-content\/uploads\/2020\/08\/Market-Recap-for-Web-4-August-2020-1.png 404w\" sizes=\"auto, (max-width: 2244px) 100vw, 2244px\" \/><\/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 Bulletin for June 2020, and revealed that trade during the month was lower by 12.2%, with N$ 14.1 billion in trade compared to N$ 16.1 billion in May 2020. This is also lower than the N$ 15.5 billion recorded in June 2019. Exported declined by 3.9% to N$ 7.2 billion from N$ 7.4 billion in May, with imports dropping by 19.5% to N$ 6.9 billion. As a result, the country recorded a trade surplus of N$ 324 million, the second time a surplus was recorded this year. China was Namibia\u2019s largest export market (29.3%), while South Africa was Namibia\u2019s largest import market (46.7%). Most export goods left via seaports (39.7%), while 79.4% of imports were done via road.<\/span><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":294869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-294867","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 5 Aug to 11 Aug 2020 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market was quiet this week, with the NSX Local index flat at 479, and the NSX Overall Index up 1.52% at 1112. As at 11 August...\" \/>\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=294867\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 5 Aug to 11 Aug 2020 - Informant\u00e9\" \/>\n<meta property=\"og:description\" content=\"The local market was quiet this week, with the NSX Local index flat at 479, and the NSX Overall Index up 1.52% at 1112. 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