Local index gets kick from NamBrew
The local index of the NSX once again closed Friday at a record high, having gained 8.25% so far in 2017.
Jo-Maré Duddy – What better way than to “prost!” the 25th birthday of the Namibian Stock Exchange (NSX) than with a cold one proudly brewed on local soil? Especially when the Namibian beer giant emerged as the week winner on the local index of the NSX too.
Namibia Breweries ended Friday at N$37.50 per share, 25c a piece or 0.7% higher than the previous week.
Not only did the company boast the biggest climb in closing price for the week, it also clinched the most deals on the local index in terms of money. More than N$22.3 million worth of NamBrew shares changed hands on the index last week, about 77% of total trade on the local index for the week.
As such, NamBrew was instrumental in the local index closing the week at yet another record so far this year. The index ended at 592.61 points on Friday, up 1.36 points or 0.23% compared to the previous week.
Namibia Breweries was the only company on the local index which ended last week on a higher note than the previous one.
The only other company with a change in its weekly closing price was Capricorn Investment Group. The company shed 0.1% during the week, closing at N$18.15 per share, 1c a piece down on the previous week.
Nimbus Infrastructure Ltd, the newcomer on the local index and the first capital pool company (CPC) on the NSX, started trading last week. A total of 2 830 Nimbus shares worth N$29 715 in total changed hands. The company closed at N$10.50 a share on Friday and has a total market capitalisation of N$109 million.
Only two other companies recorded trade last week: Capricorn with more than N$6.6 million and FNB Namibia Holdings with N$10 519.
In total about N$28.9 million worth of shares were traded on the local index last week, compared to nearly N$30.2 million the previous week.
More than N$518.6 million worth of shares in total was traded on the overall index of the NSX last week, up from about N$242.7 million the previous week. The index shed 1.63% during the week under review to close at 1 166.93 points on Friday. The JSE All Share Index gained 0.12% and closed at 57 948.70 points.
Clover Industries was the biggest winner on the overall index of the NSX last week. The company ended Friday at N$13.38 per share, up 6.5% on the previous week.
Truworths was the biggest loser, losing 5.6% to close at N$74.99 per share.
Namibia Breweries ended Friday at N$37.50 per share, 25c a piece or 0.7% higher than the previous week.
Not only did the company boast the biggest climb in closing price for the week, it also clinched the most deals on the local index in terms of money. More than N$22.3 million worth of NamBrew shares changed hands on the index last week, about 77% of total trade on the local index for the week.
As such, NamBrew was instrumental in the local index closing the week at yet another record so far this year. The index ended at 592.61 points on Friday, up 1.36 points or 0.23% compared to the previous week.
Namibia Breweries was the only company on the local index which ended last week on a higher note than the previous one.
The only other company with a change in its weekly closing price was Capricorn Investment Group. The company shed 0.1% during the week, closing at N$18.15 per share, 1c a piece down on the previous week.
Nimbus Infrastructure Ltd, the newcomer on the local index and the first capital pool company (CPC) on the NSX, started trading last week. A total of 2 830 Nimbus shares worth N$29 715 in total changed hands. The company closed at N$10.50 a share on Friday and has a total market capitalisation of N$109 million.
Only two other companies recorded trade last week: Capricorn with more than N$6.6 million and FNB Namibia Holdings with N$10 519.
In total about N$28.9 million worth of shares were traded on the local index last week, compared to nearly N$30.2 million the previous week.
More than N$518.6 million worth of shares in total was traded on the overall index of the NSX last week, up from about N$242.7 million the previous week. The index shed 1.63% during the week under review to close at 1 166.93 points on Friday. The JSE All Share Index gained 0.12% and closed at 57 948.70 points.
Clover Industries was the biggest winner on the overall index of the NSX last week. The company ended Friday at N$13.38 per share, up 6.5% on the previous week.
Truworths was the biggest loser, losing 5.6% to close at N$74.99 per share.
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