Another tough day on markets
Jo-Maré Duddy – The Namibian Stock Exchange (NSX) remained in the red today with both the Overall and Local Indexes ending lower than yesterday.
The Local Index ended at 583.13 points this afternoon, 0.12% down from yesterday.
The drop was caused by Capricorn Investment Group, which shed 0.6%, while Paratus Namibia Holdings lost 0.1%. Capricorn closed at N$15.30 per share, 10c lower than yesterday, while Paratus’ share price was down 1c and closed at N$10.18.
First Rand Namibia was up 1c and closed at N$33.39 per share.
The Overall Index of the NSX fell by 9.22% or 83.46 points to close at 822.04 points.
Both indices closed at their lowest levels so far this year.
JSE, world
The JSE All Share index fell 7.15% from yesterday and closed at 38 604.90 points. The JSE's blue-chip top-40 index also ended more than 7% lower.
Wall Street resumed a steep slide today while bond markets rushed to price in the sheer scale of government support programmes and handouts announced over the past 24 hours, all aimed at softening the economic shock of coronavirus, Reuters reports.
The Dow Jones Industrial Average fell 1 048.69 points or nearly 5% at the open to 20 188.69, while the S&P 500 opened lower by 92.69 points, or 3.7% at 2 436.50. The Nasdaq Composite dropped 432.47 points or nearly 6%.
The declines follow sharp tumbles in Europe where equity indexes in London, Frankfurt and Paris plunged around 5% and Milan slipping around 2%.
In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan dropped 4% to lows last seen in summer 2016, led by a 6.4% fall in Australia. Japan's Nikkei dipped 1.7%. – Additional reporting by Nampa/Reuters
The Local Index ended at 583.13 points this afternoon, 0.12% down from yesterday.
The drop was caused by Capricorn Investment Group, which shed 0.6%, while Paratus Namibia Holdings lost 0.1%. Capricorn closed at N$15.30 per share, 10c lower than yesterday, while Paratus’ share price was down 1c and closed at N$10.18.
First Rand Namibia was up 1c and closed at N$33.39 per share.
The Overall Index of the NSX fell by 9.22% or 83.46 points to close at 822.04 points.
Both indices closed at their lowest levels so far this year.
JSE, world
The JSE All Share index fell 7.15% from yesterday and closed at 38 604.90 points. The JSE's blue-chip top-40 index also ended more than 7% lower.
Wall Street resumed a steep slide today while bond markets rushed to price in the sheer scale of government support programmes and handouts announced over the past 24 hours, all aimed at softening the economic shock of coronavirus, Reuters reports.
The Dow Jones Industrial Average fell 1 048.69 points or nearly 5% at the open to 20 188.69, while the S&P 500 opened lower by 92.69 points, or 3.7% at 2 436.50. The Nasdaq Composite dropped 432.47 points or nearly 6%.
The declines follow sharp tumbles in Europe where equity indexes in London, Frankfurt and Paris plunged around 5% and Milan slipping around 2%.
In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan dropped 4% to lows last seen in summer 2016, led by a 6.4% fall in Australia. Japan's Nikkei dipped 1.7%. – Additional reporting by Nampa/Reuters
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