Capricorn Group has maintained its strong performance among listed companies over the past year, with its share price increasing by 32.45%.
The group, which owns Bank Windhoek and Capricorn Asset Management is a top performer among major companies traded on the Namibia Securities Exchange(NSX).
The increase means shareholders who held Capricorn Group shares over the past 12 months have seen a significant growth in the value of their investments.
The company is set to release its results on 25 September.
According to the latest market report from PSG Wealth Namibia, the local market started the week on a positive note, with the NSX Overall Index increasing by 1.06%, reflecting gains across listed companies.
The NSX Local Index, which tracks locally based companies, recorded a smaller increase of 0.06%. Local companies recorded mixed performance.
While Capricorn led the gains, other companies also recorded positive movements during the past year.
Nictus Holdings recorded a 17.24% increase, while Namibia Breweries gained 11.25% and Mobile Telecommunications Limited’s share price increased by 10.06%.
However, not all companies experienced growth.
Letshego Namibia recorded a decline of 15.91% over the same period, while Alpha Namibia Industries and Stimulus Investments also recorded decreases.
Financial services company, Standard Bank Namibia Holdings, recorded a smaller gain on the latest trading day, increasing by 0.37% to close at N$13.55.
The company is expected to release its interim financial results on 12 August.
Beyond the main stock exchange listings, companies such as Agra and Gondwana have also recorded positive movements over the past year, gaining 13.77% and 12.36% respectively.
GLOBAL OUTLOOK
South Africa’s JSE All Share Index increased by 0.79%, while major United States (US)markets, including the Dow Jones and S&P 500, also ended higher.
However, Japan’s Nikkei Index declined by almost 2%, showing that investor sentiment remains uneven across global markets.
For ordinary Namibians, market performance is closely linked to wider economic conditions, including inflation, interest rates and fuel prices.
Namibia’s annual inflation rate stood at 4.4% in June 2026, while the repo rate is at 6.75% and the prime lending rate at 10.25%.
Economic growth was recorded at 2% during the first quarter of 2026, indicating continued but moderate expansion.
Brent crude oil increased by 4.60%, reaching about N$1 303.17 (US$79.51) per barrel, which could influence fuel prices going forward.
The Namibia dollar also weakened slightly against the US dollar, trading at around N$16.39 per US dollar, partly due to a stronger US currency globally.
