{"id":365528,"date":"2024-11-05T01:00:00","date_gmt":"2024-11-04T23:00:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=365528"},"modified":"2024-11-04T17:33:42","modified_gmt":"2024-11-04T15:33:42","slug":"market-recap-28-october-to-3-november-2024","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=365528","title":{"rendered":"Market Recap 28 October to 3 November 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The NSX showed little movement this week, with the Local index remaining unchanged at 687.6 points, while the Overall Index declined 0.57% to close at 1867.4 points. FirstRand Namibia maintained its position as the market leader as of November 3, with a market capitalization of N$12.5 billion. The banking sector continued to dominate the top tier, with Capricorn Group holding second place at N$10.4 billion. Namibia Breweries and Mobile Telecommunications rounded out the leading companies with market caps of N$6.0 billion and N$5.7 billion respectively. Trading activity was subdued, with Capricorn Group posting a marginal gain of 0.1% to close at N$20.05, while FirstRand Namibia edged up 0.04% to N$46.5. FirstRand dominated trading volumes with N$8.0 million worth of shares changing hands, followed by Capricorn Group with trades totaling N$3.5 million. On the currency front, the Namibian Dollar strengthened against major currencies, gaining 0.40% against the US Dollar to close at N$17.58 and advancing 0.44% against the British Pound to N$22.77. However, it weakened against the Euro, dropping 0.42% to end at N$19.13.<\/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\/11\/Market-Recap-28-October-to-3-November-2024.png\" alt=\"\" class=\"wp-image-365529\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2024\/11\/Market-Recap-28-October-to-3-November-2024.png 613w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/11\/Market-Recap-28-October-to-3-November-2024-300x237.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/11\/Market-Recap-28-October-to-3-November-2024-380x300.png 380w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/11\/Market-Recap-28-October-to-3-November-2024-241x190.png 241w, https:\/\/informante.web.na\/wp-content\/uploads\/2024\/11\/Market-Recap-28-October-to-3-November-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\">Private sector credit extension (PSCE) in Namibia showed moderate growth in September 2024, expanding by 0.57% month-on-month to reach N$114.62 billion. The annual growth rate stood at 3.03%, with credit extension to the private sector reaching N$3.37 billion over the past twelve months\u2014nearly double the amount from the same period a year earlier. Individual borrowers led the expansion, accounting for N$1.90 billion of the total credit uptake, while corporate borrowing contributed N$1.47 billion. Breaking down the credit categories, instalment credit showed particularly strong performance with 14.72% year-on-year growth, while mortgage loans grew more modestly at 0.86%. Notably, overdrafts increased by 6.01% month-on-month but showed an annual decline of 7.75%. Corporate credit demand, though gradually increasing with positive growth across most categories, remains relatively subdued, while individual credit lines maintained steady growth across all categories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NSX showed little movement this week, with the Local index remaining unchanged at 687.6 points, while the Overall Index declined 0.57% to close at 1867.4 points. FirstRand Namibia maintained its position as the market leader as of November 3, with a market capitalization of N$12.5 billion. The banking sector continued to dominate the top &#8230;<\/p>\n","protected":false},"author":4,"featured_media":365529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-365528","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 28 October to 3 November 2024 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The NSX showed little movement this week, with the Local index remaining unchanged at 687.6 points, while the Overall Index declined 0.57%...\" \/>\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=365528\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 28 October to 3 November 2024 - 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