This week within the native market, the NSX Local Index noticed a modest rise of 0.31%, closing at 687.6, whereas the NSX Overall Index dropped by 0.40% to complete at 1878.1. As of October 27, 2024, FirstRand Namibia maintained its place as the biggest native firm on the change, boasting a market capitalization of N$ 12.5 billion. It was adopted by Capricorn Group with N$ 10.4 billion, Namibia Breweries at N$ 6.0 billion, and Mobile Telecommunications with N$ 5.7 billion. Trustco Group Holdings was the chief this week, closing at N$ 0.43 per share, reflecting a notable 22.9% development. Capricorn Group additionally carried out properly, ending at N$ 20.03, marking a 1.7% enhance. In phrases of buying and selling quantity, Capricorn Group led the market with N$ 6.7 million price of shares altering palms, whereas Paratus Namibia Holdings adopted with N$ 0.9 million in commerce. On the forex entrance, the Namibian greenback weakened by 0.56% towards the US greenback, closing at N$ 17.69 per USD. However, it gained 0.13% towards the British pound, ending at N$ 22.92 per GBP, and noticed a slight 0.04% enhance towards the euro, closing at N$ 19.11 per EUR.

New automobile gross sales in Namibia confirmed blended alerts in September 2024, with whole gross sales figures dipping barely by 0.8% month-over-month to 988 items, down from 996 in August. Compared to September of final yr, this marked a 5.2% decline, revealing a complete of 9,471 autos offered year-to-date, a lower from the 9,682 recorded throughout the identical interval in 2023. Passenger automobile gross sales skilled the steepest drop, declining by 16.3% year-over-year to 435 items in September, persevering with a development of weakened demand. Toyota and Volkswagen accounted for 65.7% of passenger gross sales, indicating their strong presence in a this phase. Commercial automobile gross sales confirmed extra resilience, rising by 5.9% year-over-year to 553 items, although this represented a slight 0.2% lower from August’s whole. Light industrial autos led this phase with a 6.2% year-to-date enhance, pushed primarily by Toyota, which commanded a market share of 62.8%. Conversely, heavy industrial autos fell 6.0% year-over-year, revealing a disparity inside the sector.