{"id":360779,"date":"2024-07-30T01:30:00","date_gmt":"2024-07-29T23:30:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=360779"},"modified":"2024-07-30T07:49:37","modified_gmt":"2024-07-30T05:49:37","slug":"market-recap-22-july-to-28-july-2024","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=360779","title":{"rendered":"Market Recap 22 July to 28 July 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Namibian Stock Exchange (NSX) showed positive movement this week, with the NSX Local index edging up 0.13% to 680.6 and the NSX Overall Index posting a more substantial gain of 2.84% to reach 1807.7. As of July 28, 2024, FirstRand Namibia maintained its position as the largest local company on the exchange with a market capitalization of N$ 12.5 billion, followed by Capricorn Group at N$ 10.1 billion, Namibia Breweries at N$ 6.1 billion, and Mobile Telecommunications at N$ 5.7 billion. Trustco Group Holdings emerged as the top performer for the week, with its share price climbing 12.5% to close at N$ 0.36. Capricorn Group followed with a more modest gain of 0.7%, closing at N$ 19.45 per share. In terms of trading volume, Capricorn Group led the market with N$ 1.2 million worth of shares traded, closely followed by Standard Bank Namibia Holdings at N$ 1.1 million. On the currency front, the Namibian Dollar strengthened against major currencies, gaining 0.09% against the US Dollar to close at N$ 18.26, 0.51% against the British Pound to end at N$ 23.49, and 0.29% against the Euro, finishing at N$ 19.82.<\/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\/07\/Market-Recap-22-July-to-28-July-2024.png\" alt=\"\" class=\"wp-image-360778\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2024\/07\/Market-Recap-22-July-to-28-July-2024.png 613w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/07\/Market-Recap-22-July-to-28-July-2024-300x237.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/07\/Market-Recap-22-July-to-28-July-2024-380x300.png 380w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/07\/Market-Recap-22-July-to-28-July-2024-241x190.png 241w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/07\/Market-Recap-22-July-to-28-July-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\">Based on the latest tourism update for Namibia in June 2024, the country&#8217;s tourism sector is showing mixed signals. While the national occupancy rate declined to 47.3%, a drop of 13 percentage points from May and 3.9 percentage points year-over-year, passenger arrivals paint a more optimistic picture. June 2024 saw the highest number of arrivals for any June on record, with a 9.5% increase compared to the previous year. This divergence between occupancy rates and arrivals suggests a complex landscape for the industry. Despite the lower-than-expected June figures, there are reasons for cautious optimism. The average national occupancy rate for the first half of 2024 stands at 48%, marking the highest first-half performance since 2017. European tourists continue to dominate, comprising 51.5% of visitors, though this represents a decrease from May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Namibian Stock Exchange (NSX) showed positive movement this week, with the NSX Local index edging up 0.13% to 680.6 and the NSX Overall Index posting a more substantial gain of 2.84% to reach 1807.7. As of July 28, 2024, FirstRand Namibia maintained its position as the largest local company on the exchange with a &#8230;<\/p>\n","protected":false},"author":4,"featured_media":360778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-360779","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 22 July to 28 July 2024 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The Namibian Stock Exchange (NSX) showed positive movement this week, with the NSX Local index edging up 0.13% to 680.6 and the NSX...\" \/>\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=360779\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 22 July to 28 July 2024 - 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