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Market Recap 13 November to 19 November 2019

Market Recap 13 November to 19 November 2019

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.

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