Mining, bank shares lift exchange value to N$3.15 trillion
The total value of companies listed on the Namibian Securities Exchange (NSX) increased by almost N$99 billion in August, driven mainly by strong gains in mining and bank shares.
The combined market value of companies on the exchange rose by 3.24%, from N$3.06 trillion at the beginning of August to N$3.15 trillion by the end of the month, according to the NSX Monthly Report compiled by the High Economic Intelligence.
The report says the exchange “demonstrated sustained upward momentum across its principal boards, propelled by a broad surge in primary mining resources and solid liquidity across primary and dual-listed financial sector equities.”
Mining companies were among the biggest drivers of the increase.
Anglo American, one of the largest companies traded on the NSX, saw its share price rise by 9.23% to N$915.60. The company ended the month with a market value of about N$1.08 trillion.
The company was also the most valuable counter on the exchange.
The report says mining and natural resource companies “delivered exceptional performance”, while Anglo American’s rise was linked to “strong copper portfolio restructuring updates”.
Those developments added more than N$91 billion to Anglo American’s market value during the month.
Other mining companies also recorded large increases.
B2Gold rose by 42.75% to N$88.62 a share, while Paladin Energy increased by 22.63% to N$134.29.
Uranium and exploration companies also performed strongly.
The NSX says “DevX uranium developers surged sharply… reflecting global spot price gains and progress on Namibian project execution.”
Africa Bitcoin Corporation recorded the biggest increase on the exchange, with its share price rising by 85.66% to N$9.19.
Andrada Mining grew by 51.76% to N$1.29 after receiving approval from the Namibian Competition Commission for its Brandberg West earn-in agreement.
Bannerman Energy rose 43.29% to N$51.47, while Asarian Energy increased by 29.59% to N$6.57. Elevate Uranium grew by 24.80% to N$3.12 and Deep Yellow rose by 23.66% to N$18.97.
Banks and other financial companies also attracted a large share of the money being invested and traded on the exchange.
The report says “major banking and financial services counters accounted for over N$320 million in combined value traded, serving as the central anchor of market liquidity during August’s corporate reporting window.”
FirstRand was the most actively traded financial share, with investors buying and selling N$97.55 million worth of its shares during the month.
Its share price, however, fell 3.44% to N$95.29 after the bank released its 2026 financial-year trading statement.
Nedbank’s share price moved in the opposite direction, rising 5.32% to N$294.5.
Investors traded N$79.38 million worth of its shares.
Sanlam recorded N$51.46 million in trading, while Standard Bank recorded N$44.80 million. Investec recorded N$40.94 million.
Not every company gained during the month.
Oceana’s share price fell by 14.09% to N$62.93, while Truworths dropped 13.91% to N$45.75.
Vukile Property Fund fell by 6.90%.
Overall, however, the gains in large mining and financial companies were enough to push the combined value of companies on the NSX to N$3.15 trillion.
