{"id":301805,"date":"2021-03-03T17:16:25","date_gmt":"2021-03-03T15:16:25","guid":{"rendered":"https:\/\/informante.web.na\/?p=301805"},"modified":"2021-03-03T17:16:27","modified_gmt":"2021-03-03T15:16:27","slug":"market-recap-2-mar-2021","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=301805","title":{"rendered":"Market Recap 2 Mar 2021"},"content":{"rendered":"\n<p>The local market was active this week, with the NSX Local index up 0.5% at 418, and the NSX Overall Index up 2.77% at 1370. As at 2 March, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 6.4 billion, followed by FirstRand Namibia with N$ 6.2 billion, Capricorn Group with N$ 5.2 billion and Trustco Group with N$ 3.8 billion. Standard Bank Namibia lead the market this week with growth of 10.46% to close at N$ 7.39 per share, with Namibia Asset Management in second place at N$ 0.63 per share after growth of 1.61%. In terms of volume Standard Bank Namibia again lead the market with N$ 388 thousand worth of shares traded, with FirstRand Namibia in second place with N$ 223 thousand worth of shares traded. The local currency lost 2.72% against the US Dollar, to close at N$ 14.93 per USD, and lost 1.56% against the British Pound, to close at N$ 20.83 per GBP. It closed at N$ 18.05 against the Euro, a loss of 2.21.<\/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=\"625\" height=\"484\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2021\/03\/image006.png\" alt=\"Market Recap 2021 local NSX\" class=\"wp-image-301806\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2021\/03\/image006.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/03\/image006.png 387w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/03\/image006.png 625w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/figure><\/div>\n\n\n\n<p class=\"x_MsoNormal\">\u00a0<\/p>\n<p class=\"x_MsoNormal\">The Namibia Statistics Agency released the Annual Trade Statistics Bulletin for 2020, and revealed that trade during the year was lower by 3.7%, with N$ 197 billion in trade compared to N$ 204.5 billion in 2019. Exports reduced by 3.8% to N$ 88.7 billion from N$ 92.2 billion in 2019, with imports dropping by 3.5% to N$ 108.3 billion from 112.2 billion in 2019. As a result, the country recorded a trade deficit of N$ 19.6 billion for 2020, an improvement of the N$ 20 billion deficit recorded in 2019. China was Namibia\u2019s largest export market (36%), while South Africa was Namibia\u2019s largest import market (38.1%). Most export goods left via seaports (55%), while 68.2% of imports were done via road.<\/p>\n\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":301806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-301805","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 v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Recap 2 Mar 2021 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market was active this week, with the NSX Local index up 0.5% at 418, and the NSX Overall Index up 2.77% at 1370.\" \/>\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=301805\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 2 Mar 2021 - 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