The NSX confirmed little motion this week, with the Local index remaining unchanged at 687.6 factors, whereas the Overall Index declined 0.57% to shut at 1867.4 factors. FirstRand Namibia maintained its place because the market chief as of November 3, 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 firms with market caps of N$6.0 billion and N$5.7 billion respectively. Trading exercise was subdued, with Capricorn Group posting a marginal achieve of 0.1% to shut at N$20.05, whereas FirstRand Namibia edged up 0.04% to N$46.5. FirstRand dominated buying and selling volumes with N$8.0 million price of shares altering palms, adopted by Capricorn Group with trades totaling N$3.5 million. On the forex entrance, the Namibian Dollar strengthened towards main currencies, gaining 0.40% towards the US Dollar to shut at N$17.58 and advancing 0.44% towards the British Pound to N$22.77. However, it weakened towards the Euro, dropping 0.42% to finish at N$19.13.

Private sector credit score extension (PSCE) in Namibia confirmed reasonable development in September 2024, increasing by 0.57% month-on-month to achieve N$114.62 billion. The annual development charge stood at 3.03%, with credit score extension to the non-public sector reaching N$3.37 billion over the previous twelve months—practically double the quantity from the identical interval a 12 months earlier. Individual debtors led the enlargement, accounting for N$1.90 billion of the full credit score uptake, whereas company borrowing contributed N$1.47 billion. Breaking down the credit score classes, instalment credit score confirmed notably robust efficiency with 14.72% year-on-year development, whereas mortgage loans grew extra modestly at 0.86%. Notably, overdrafts elevated by 6.01% month-on-month however confirmed an annual decline of seven.75%. Corporate credit score demand, although regularly rising with optimistic development throughout most classes, stays comparatively subdued, whereas particular person credit score strains maintained regular development throughout all classes.