The Namibian Securities Exchange closed marginally higher yesterday, supported by gains in key banking and investment counters, according to a trading report from PSG Wealth Namibia.
The NSX Local Index rose 0.04%, while the NSX Overall Index advanced 0.63%, reflecting steady but uneven trading across listed companies.
BANKS AND FINANCIALS LEAD GAINS
SBN Holdings was the standout performer of the day, climbing 0.15% to N$13.47. It also recorded the highest trading activity, with turnover of N$763 905.
The counter has gained 27.56% over the past year, making it one of the strongest performers on the board.
Interim results are due on 12 August.
Capricorn Group also supported the market, edging up to N$28.17.
The counter has surged 32.27% year on year and remains one of the NSX’s top-performing stocks.
Full-year results are expected on 25 September.
FirstRand Namibia rose slightly to N$55.22, bringing its annual gain to 17.19%, with results expected on 11 September.
MIXED PERFORMANCE
MTC and Namibia Breweries ended unchanged at N$9.41 and N$32.13, respectively, although both remain higher over the year.
Letshego Namibia remained flat at N$5.55, but is down 14.75% over 12 months.
Oryx Properties and Paratus Namibia also closed steady, with Paratus still showing a slight annual decline.
Nictus Holdings held at N$3.40, while Stimulus Investments remained unchanged at N$128.
Alpha Namibia Industries ended the session unchanged at N$8.80, slightly lower over the year.
Namibian Asset Management showed no movement at N$0.73.
OTC MARKET STEADY
In over-the-counter trading, Agra held at N$4.35, up 12.99% year on year, while Gondwana stayed at N$10, gaining 12.36% over the year.
ECONOMY SNAPSHOT
The broader macro picture was mixed. The Namibia dollar weakened slightly to N$16.25 against the United States dollar, while inflation stood at 4.10% in May.
In stock market terms, a counter simply means a company that is listed on the stock exchange and can be traded.
