The local market was quite active this week, with the NSX Local index up 0.38% at 611, and the NSX Overall Index up 1.13% at 1332. As at 16 July, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 10 billion, followed by FirstRand Namibia with N$ 9.3 billion, Trustco Group with N$ 8.9 billion, and Capricorn Investment Group with N$ 8.3 billion. Oryx Properties lead the market this week with growth of 3.33% to close at N$ 20.15 per share. In terms of volume Nimbus Infrastructure lead the market with N$ 968 thousand worth of shares traded, with Capricorn Investment Group in second place with N$ 397 thousand worth of shares traded. The local currency gained 1.61% against the US Dollar, to close at N$ 13.95 per USD, and gained 2.09% against the British Pound, to close at N$ 17.31 per GBP. It closed at N$ 15.64 against the Euro, a gain of 1.57%.
The Namibia Statistics Agency released the inflation figures for the month of June 2019, and revealed that annual inflation is now 3.9% compared to 4% the same time last year, having reduced from the 4.1% recorded for May 2019. Decreases in price were noted in Transport (7.2% to 7.0%), Housing, water and electricity (3.2% to 2.0%), Health (5.4% to 2.6%) and Other goods and services (4.1% to 1.8%). Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 3.5% compared to 4% last year and 3.3% last month, with Zone 2 (Khomas) seeing inflation of 3.7% compared to 3.2% last year and 4.1% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 4.9%, compared to 5.6% last year and 5.1% last month.