Banking and telecommunications stocks were the main contributors in gains on the Namibia Securities Exchange (NSX) in 2025, despite subdued trading activity.
Data from Cirrus shows that Standard Bank Holdings (SBN) recorded the highest price return of 33.7%, followed by Capricorn Group at 26.58% and FirstRand Namibia rising 17.2%.
However, FirstRand Namibia was the most actively traded local counter in 2025, with turnover of N$151.8 million, followed by Capricorn Group at N$77.1 million and SBN Holdings at N$46.6 million.
Despite these gains, trading activity on the NSX Local remained muted, with 2025 recorded as the second-lowest year for local value traded since 2012, although activity improved toward year-end.
Meanwhile, Mobile Telecommunications Limited (MTC) had a price return of 20.98%, while Paratus Namibia Holdings ended the year on the low with 1.9%
Momentum picked up in the fourth quarter, led by Capricorn Group, which gained 12.82%. SBN Holdings and MTC rose by 1% and 0.88%, respectively, while most other local counters were flat.
The total value traded on the NSX last year was N$8.9 billion.
