{"id":324148,"date":"2022-08-12T01:00:00","date_gmt":"2022-08-11T23:00:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=324148"},"modified":"2022-08-11T17:40:35","modified_gmt":"2022-08-11T15:40:35","slug":"market-recap-3-august-to-9-august-2022","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=324148","title":{"rendered":"Market Recap 3 August to 9 August 2022"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">In the local market this week, the NSX Local index was down 1.25% at 467.7, and the NSX Overall Index was up 4.59% at 1587. As at 9 August 2022, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 8.3 billion, followed by FirstRand Namibia Limited with N$ 8.0 billion, Capricorn Group Limited with N$ 5.7 billion and Mobile Telecommunications Limited with N$ 5.6 billion. Trustco Group Holdings Limited lead the market this week, closing at N$ 0.61 per share after growth of 52.5%, with Agra Ltd second, closing at N$ 2.46 after growth of 0.8%. In terms of volume FirstRand Namibia Limited lead the market with N$ 2.9 million worth of shares traded, with Namibia Breweries in second place with N$ 0.8 million worth of shares traded. The local currency gained 1.28% against the US Dollar, to close at N$ 16.60 per USD, and gained 2.05% against the British Pound, to close at N$ 20.04 per GBP. It closed at N$ 20.04 against the Euro, a gain of 0.87%.<\/span><\/p>\n<p><\/p>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"625\" height=\"508\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2022\/08\/image004-1.png\" alt=\"Market Recap Capricorn FirstRand Breweries Trustco Group Oryx Properties Asset Management FirstRand Namibia US Dollar USD British Pound GBP Euro\" class=\"wp-image-324149\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2022\/08\/image004-1.png 625w, https:\/\/informante.web.na\/wp-content\/uploads\/2022\/08\/image004-1-300x244.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2022\/08\/image004-1-369x300.png 369w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/figure>\n<\/div>\n\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Namibia Statistics Agency released the Trade Statistics Bulletin for June 2022, and revealed that trade during the month decreased by 1.7%, with N$ 18.4 billion in trade compared to N$ 118.8 billion in May 2022. This is higher than the N$ 15.3 billion recorded in June 2021. Exports increased by 26% to N$ 8.0 billion, with imports decreasing by 15.9% to N$ 10.5 billion. As a result, the country recorded a trade deficit of N$ 2.5 billion, shrinking from N$ 6.1 billion in May. The increase in exports was mainly due to Uranium increasing by N$1.2 billion, Copper ores and concentrates increasing by N$211 million, Petroleum oils increasing by N$152 million, Ores and concentrates of base metals increasing by N$142 million, and Precious stones(diamonds) increasing by N$98 million. The increase in imports was due to Copper ores and concentrates decreasing by N$1.5 billion, Ores and concentrates of precious metals decreasing by N$590 million, Sulphur and unroasted iron pyrites decreasing by N$451 million, Sugars, molasses and honey, decreasing by N$174 million, and Civil engineering and contractors\u2019 equipment, decreasing by N$89 million. Botswana was Namibia\u2019s largest export market (19.6%), with South Africa as Namibia\u2019s largest import market (35.3%). Most export goods left via seaport (39.5%), with 52.2% of imports done via road.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>In the local market this week, the NSX Local index was down 1.25% at 467.7, and the NSX Overall Index was up 4.59% at 1587. As at 9 August 2022, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 8.3 billion, followed by FirstRand Namibia Limited with N$ 8.0 &#8230;<\/p>\n","protected":false},"author":4,"featured_media":324149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24,26],"tags":[],"class_list":["post-324148","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-trustco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Recap 3 August to 9 August 2022 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"In the local market this week, the NSX Local index was down 1.25% at 467.7, and the NSX Overall Index was up 4.59% at 1587.\" \/>\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=324148\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 3 August to 9 August 2022 - 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