The NSX confirmed divergent developments this week, with the Local index edging up 0.06% to 688 factors, whereas the Overall Index retreated 0.84% to shut at 1851.8 factors. As of November 10, FirstRand Namibia maintained its place because the market heavyweight with a capitalization of N$12.5 billion. The banking sector continued to dominate the highest tier, with Capricorn Group holding second place at N$10.4 billion. Namibia Breweries and Mobile Telecommunications rounded out the main firms with market caps of N$6.0 billion and N$5.7 billion respectively. Trustco Group Holdings emerged because the week’s high performer, surging 10.5% to shut at N$0.42 per share, whereas Standard Bank Namibia Holdings posted a modest acquire of 0.4% to finish at N$9.05. Trading exercise was concentrated in FirstRand Namibia shares, with N$15.6 million price of shares altering fingers, considerably outpacing the second most energetic counter, Capricorn Group, which noticed trades price N$0.8 million. The Namibian Dollar strengthened in opposition to all main currencies, advancing 0.35% in opposition to the US Dollar to N$17.60, gaining 0.44% in opposition to the British Pound to N$22.73, and posting its strongest efficiency in opposition to the Euro with a acquire of 1.35% to shut at N$18.87.

Namibia’s annual inflation price dropped to three.0 % in October 2024, down from 3.4 % in September and markedly decrease than the 6.0 % recorded in October final yr, in accordance with the most recent shopper value information. The month-to-month inflation determine confirmed an uptick of 0.4 %, reversing the earlier month’s deflation of 0.2 %. Housing-related prices emerged as the first driver of inflation, with ‘Housing, Water, Electricity, Gas, and Other Fuels’ contributing 1.1 share factors to the general price. Food and beverage costs adopted carefully, including 1.0 share factors, whereas alcoholic drinks and tobacco merchandise contributed 0.7 share factors. Regional evaluation revealed important variations throughout the nation. The Khomas area (Zone 2) recorded the very best inflation price at 4.2 %, whereas each the northern areas (Zone 1) and the southern coastal areas (Zone 3) reported extra modest will increase of two.3 % every. Core inflation, which excludes unstable objects, remained above the headline price at 4.0 % for the month.