{"id":355695,"date":"2024-03-14T01:00:00","date_gmt":"2024-03-13T23:00:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=355695"},"modified":"2024-03-14T07:34:07","modified_gmt":"2024-03-14T05:34:07","slug":"market-recap-6-to-12-march-2024","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=355695","title":{"rendered":"Market Recap 6 to 12 March 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">This week, the local market witnessed a marginal uptick with the NSX Local index rising by 0.03% to 673.8, while the NSX Overall Index displayed a stronger performance, surging by 2.70% to 1541. As of 12 March 2024, FirstRand Namibia emerged as the largest local entity on the exchange, boasting a market capitalization of N$ 13.3 billion. It was closely followed by Capricorn Group at N$ 9.1 billion, Namibia Breweries at N$ 6.2 billion, and Mobile Telecommunications at N$ 5.9 billion. In the weekly market performance, Standard Bank Namibia Holdings took the lead, with its shares appreciating by 0.6% to close at N$ 8.5 each. Stimulus Investments trailed behind, marking a slight increase of 0.1% to end at N$ 128.01 per share. In terms of trading volume, Namibia Breweries led the market with shares worth N$ 23.6 million being traded. Oryx Properties followed suit with a trading volume reaching N$ 13.0 million. On the currency front, the local currency made significant strides, appreciating by 1.61% against the US Dollar to close at N$ 18.66 per USD. It also gained 0.91% against the British Pound to close at N$ 23.87 per GBP, and saw a gain of 0.96% against the Euro, closing at N$ 20.39.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"613\" height=\"484\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2024\/03\/Market-Recap-6-to-12-March-2024.png\" alt=\"\" class=\"wp-image-355701\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2024\/03\/Market-Recap-6-to-12-March-2024.png 613w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/03\/Market-Recap-6-to-12-March-2024-300x237.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/03\/Market-Recap-6-to-12-March-2024-380x300.png 380w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/03\/Market-Recap-6-to-12-March-2024-241x190.png 241w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/03\/Market-Recap-6-to-12-March-2024-133x105.png 133w\" sizes=\"auto, (max-width: 613px) 100vw, 613px\" \/><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">In February 2024, Namibia\u2019s annual inflation rate was reported at 5.0%, a significant decrease from the 7.2% recorded in the same month of the previous year, and slightly lower than the 5.4% reported in January 2024. A regional breakdown of the inflation rates for February 2024 shows that Zone 2 (Khomas region) had the highest annual inflation rate at 5.5%. This was closely followed by Zone 1 (comprising Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi regions) with an inflation rate of 5.3%. Zone 3 (which includes \/\/Kharas, Erongo, Hardap, Omaheke regions) reported a lower annual inflation rate of 4.0%. The primary drivers of the annual inflation rate for February 2024 were \u2018Food and non-alcoholic beverages\u2019, contributing 1.1 percentage points to the overall inflation. This was followed by \u2018Transport\u2019 and \u2018Alcoholic beverages &amp; tobacco\u2019, each contributing 1.0 percentage points. \u2018Housing, water, electricity, gas, and other fuels\u2019 also had a notable impact, contributing 0.9 percentage points to the inflation rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, the local market witnessed a marginal uptick with the NSX Local index rising by 0.03% to 673.8, while the NSX Overall Index displayed a stronger performance, surging by 2.70% to 1541. As of 12 March 2024, FirstRand Namibia emerged as the largest local entity on the exchange, boasting a market capitalization of N$ &#8230;<\/p>\n","protected":false},"author":4,"featured_media":355701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-355695","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 v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Recap 6 to 12 March 2024 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"This week, the local market witnessed a marginal uptick with the NSX Local index rising by 0.03% to 673.8, while the NSX Overall Index...\" \/>\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=355695\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 6 to 12 March 2024 - 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