The local market was active this week, with the NSX Local index flat at 615, and the NSX Overall Index down 0.87% at 1327.
As at 19 November, Trustco Group was the largest local company on the exchange, with market capitalization of N$ 10.6 billion, followed by Namibia Breweries with N$ 10 billion, FirstRand Namibia with N$ 8.9 billion, and Capricorn Investment Group with N$ 7.9 billion.
In terms of volume Capricorn Investment Group lead the market with N$ 1.5 million worth of shares traded, with Agra Ltd in second place with N$ 1.2 million worth of shares traded.
The local currency gained 1.21% against the US Dollar, to close at N$ 14.77 per USD, and gained 0.62% against the British Pound, to close at N$ 19.09 per GBP.
It closed at N$ 16.36 against the Euro, a gain of 0.59%.
The Namibia Statistics Agency released the inflation figures for the month of October 2019, and revealed that annual inflation is now 3.0% compared to 5.1% the same time last year, having reduced from the 3.3% recorded for September 2019.
Decreases in price were noted in transport (13.6% to 1.5%), other goods and services (4.4% to 1.7%), housing, water, electricity and fuels (3.8% to 1.9%), health (4.8% to 3.1%) and alcoholic beverages and tobacco (4.9% to 3.9%).
Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 2.8% compared to 5.2% last year and 3.0% last month, with Zone 2 (Khomas) seeing inflation of 2.5% compared to 5.0% last year and 2.7% last month.
Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 4.1%, compared to 5.9% last year and 4.4% last month.