{"id":371314,"date":"2025-03-10T23:00:00","date_gmt":"2025-03-10T21:00:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=371314"},"modified":"2025-03-10T18:12:47","modified_gmt":"2025-03-10T16:12:47","slug":"market-recap-3-to-9-march-2025","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=371314","title":{"rendered":"Market Recap 3 to 9 March 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Namibian Stock Exchange demonstrated notable strength this week as both major indices posted gains, with the NSX Local index advancing 0.40% to reach 706.5 points, while the NSX Overall Index recorded a more substantial increase of 1.59%, closing at 1775.9 points. As of March 9, 2025, the market capitalization hierarchy remains largely unchanged, with FirstRand Namibia maintaining its dominant position as the largest local company at N$12.5 billion. Capricorn Group continues to hold second place with N$11.0 billion, followed by Namibia Breweries and Mobile Telecommunications, now tied at N$6.0 billion each. This week&#8217;s standout performer was Nictus Holdings, which surged an impressive 16.0% to close at N$2.90 per share. Letshego Holdings Namibia followed with a strong showing, gaining 7.8% to end the week at N$5.50 per share. Trading activity was particularly robust in the banking sector, with FirstRand Namibia dominating volume statistics at N$42.3 million worth of shares traded, substantially outpacing second-place Oryx Properties, which saw N$3.7 million in trading volume. On the currency front, the Namibian dollar showed significant strength against the US dollar, appreciating by 2.91% to close at N$18.15. It also made modest gains against the British pound, up 0.17% to N$23.47. However, the local currency weakened against the euro, depreciating by 1.96% to close at N$19.77, presenting a mixed picture for importers and exporters dealing with European markets.<\/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\/2025\/03\/Market-Recap-3-to-9-March-2025.png\" alt=\"\" class=\"wp-image-371315\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2025\/03\/Market-Recap-3-to-9-March-2025.png 613w, https:\/\/informante.web.na\/wp-content\/uploads\/2025\/03\/Market-Recap-3-to-9-March-2025-300x237.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2025\/03\/Market-Recap-3-to-9-March-2025-380x300.png 380w, https:\/\/informante.web.na\/wp-content\/uploads\/2025\/03\/Market-Recap-3-to-9-March-2025-241x190.png 241w, https:\/\/informante.web.na\/wp-content\/uploads\/2025\/03\/Market-Recap-3-to-9-March-2025-133x105.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 in Namibia saw modest growth of 0.65% month-on-month in January 2025, bringing the total outstanding credit to N$117.90 billion. This represents a year-on-year increase of 4.06%, according to the latest data from the Bank of Namibia. The corporate sector emerged as the primary driver of growth, expanding by 1.83% month-on-month to N$49.33 billion, while credit extended to individuals contracted slightly by 0.18% to N$68.57 billion. Instalment credit and other loans and advances demonstrated strong annual growth of 16.70% and 12.28% respectively, suggesting increased demand particularly in vehicle financing. Meanwhile, mortgage loans remained sluggish with minimal growth of just 0.34% year-on-year. Banking sector liquidity continued its positive trajectory into 2025, with overall liquidity reaching N$8.5 billion in January, a 2.2% increase from December&#8217;s N$8.3 billion. Notably, the ratio of Namibian deposits held in reserve has undergone a significant shift in recent weeks, with the proportion held in Namibia versus South Africa changing from 30:70 to approximately 50:50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Namibian Stock Exchange demonstrated notable strength this week as both major indices posted gains, with the NSX Local index advancing 0.40% to reach 706.5 points, while the NSX Overall Index recorded a more substantial increase of 1.59%, closing at 1775.9 points. As of March 9, 2025, the market capitalization hierarchy remains largely unchanged, with &#8230;<\/p>\n","protected":false},"author":4,"featured_media":371315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-371314","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 v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Recap 3 to 9 March 2025 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The Namibian Stock Exchange demonstrated notable strength this week as both major indices posted gains, with the NSX Local index advancing...\" \/>\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=371314\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 3 to 9 March 2025 - 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