The NSX confirmed little motion within the Local index this week, remaining regular at 688 factors, whereas the Overall Index declined considerably by 2.27% to shut at 1809.8 factors. FirstRand Namibia maintained its place as market chief as of November 17, with a market 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 corporations with market caps of N$6.0 billion and N$5.7 billion respectively.

Trading exercise was subdued, with Capricorn Group main volumes at N$2.4 million value of shares traded and posting a marginal achieve of 0.05% to shut at N$20.11. Standard Bank Namibia Holdings adopted with trades totalling N$1.3 million. The Namibian Dollar weakened considerably in opposition to main currencies, dropping 3.32% in opposition to the US Dollar to shut at N$18.17, falling 0.92% in opposition to the British Pound to N$22.93, and declining 1.62% in opposition to the Euro to finish at N$19.16.

Meanwhile, the World Bank has reported stronger than anticipated financial efficiency for Namibia, with 4.2% progress in 2023 primarily pushed by the mining sector and oil exploration investments. However, the Bank initiatives progress to reasonable to three.1% in 2024 earlier than rebounding to three.8% in 2025-26. While the economic system has recovered to pre-pandemic ranges, key employment sectors akin to building and monetary companies proceed to lag. The report anticipates a revival in non-mineral sectors, significantly tourism, and initiatives family consumption to strengthen, supported by financial coverage easing and declining inflation, which is anticipated to reasonable to 4.6% in 2024.