Select your Top Menu from wp menus
Latest News
Market recap – 14 August to 20 August 2019

Market recap – 14 August to 20 August 2019

The local market was active this week, with the NSX Local index up 0.45% at 598, and the NSX Overall Index down 1.29% at 1194. As at 20 August, Namibia Breweries was the largest local company on the exchange, with market capitalization of N$ 9.6 billion, followed by FirstRand Namibia with N$ 9 billion, Trustco Group with N$ 8.4 billion, and Capricorn Investment Group with N$ 8.3 billion. Namibia Breweries lead the market with growth of 1.06% to close at N$ 46.50 per share, with Trustco Group in second place with growth of 0.73%, to close at N$ 6.90 per share. In terms of volume Namibia Breweries lead the market with N$ 39.3 million worth of shares traded, with FirstRand Namibia in second place with N$ 34.7 million worth of shares traded. The local currency lost 1.51% against the US Dollar, to close at N$ 15.36 per USD, and lost 2.41% against the British Pound, to close at N$ 18.69 per GBP. It closed at N$ 17.05 against the Euro, a loss of 0.84%.

The Namibia Statistics Agency released the inflation figures for the month of June 2019, and revealed that annual inflation is now 3.6% compared to 4.5% the same time last year, having reduced from the 3.9% recorded for June 2019. Decreases in price were noted in alcoholic beverages and tobacco (6.8% to 3.5%), health (5.1% to 2.9%), hotels and restaurants (6.1% to 3.9%), transport (8.9% to 6.9%), other goods and services (4.0% to 2.3%) and Housing, water, electricity and other fuels (3.7% to 2.2%). Zone 1 (Otjozondjupa, Kunene, Oshana, Omusati, Oshikoto, Ohangwena, Kavango East, Kavango West and Zambezi) saw inflation of 3.3% compared to 4.6% last year and 3.5% last month, with Zone 2 (Khomas) seeing inflation of 3.0% compared to 3.9% last year and 3.7% last month. Zone 3 (Omaheke, Hardap, Karas and Erongo) had inflation of 5.1%, compared to 5.6% last year and 4.9% last month.

Related posts