NamBrew puts 'prost!' back into Local Index
The Local Index ended last week at 591.30 points, the highest so far this year.
Jo-Maré Duddy
Investors were thirsty for Namibia Breweries Ltd's (NBS) shares last week and were willing to fork out for it.
As such, NamBrew was the undisputed winner on the Local Index of the Namibian Stock Exchange (NSX) – not just in terms of share price increase, but also regarding total trade value.
Of the nearly N$28.3 million worth of shares which changed hands on the Local Index last week, more than half was that of NamBrew. The group recorded total trade of nearly N$15.1 million for the week.
NamBrew closed at N$37.25 per share on Friday, up 7% or N$2.45 a piece compared to the previous Friday. This increase meant NBS was the week winner on the Local and Overall Index of the NSX.
The only other group on the Local Index which closed last week higher than the previous one was Capricorn Investment Group Ltd (CGP). CGP, with Bank Windhoek as its flagship brand, ended the week at N$18.15 per share, 0.3% or 6c per share higher than the previous one.
CGP recorded total trade of more than N$9.04 million last week.
FNB, Oryx
FNB Namibia Holdings was the only group on the Local Index which saw share price movement. However, the group shed 1c or 0.02% on its share price to close the week at N$46.75.
Nearly N$3.25 million of FNB Namibia's shares changed hands last week.
The only other company on the Local Index which recorded trade in the week under review was Oryx Properties Ltd. A total of N$906 019 was traded at N$20.65 per share.
The Local Index ended last week at 591.30 points, up 14.10 or 2.44% on the previous Friday, and the highest the index has been so far this year.
About N$194.1 million was traded on the Overall Index last week. The index ended the week at 1 135.70 points, 14.93 or 1.33% higher than the previous Friday. The JSE All Share Index was up 0.35%. The Namibian-based company Trustco Group Holdings Ltd was the biggest loser on the Overall Index last week. It closed at N$4.80 per share, shaving 20c or 4% off its closing price of the previous week.
Investors were thirsty for Namibia Breweries Ltd's (NBS) shares last week and were willing to fork out for it.
As such, NamBrew was the undisputed winner on the Local Index of the Namibian Stock Exchange (NSX) – not just in terms of share price increase, but also regarding total trade value.
Of the nearly N$28.3 million worth of shares which changed hands on the Local Index last week, more than half was that of NamBrew. The group recorded total trade of nearly N$15.1 million for the week.
NamBrew closed at N$37.25 per share on Friday, up 7% or N$2.45 a piece compared to the previous Friday. This increase meant NBS was the week winner on the Local and Overall Index of the NSX.
The only other group on the Local Index which closed last week higher than the previous one was Capricorn Investment Group Ltd (CGP). CGP, with Bank Windhoek as its flagship brand, ended the week at N$18.15 per share, 0.3% or 6c per share higher than the previous one.
CGP recorded total trade of more than N$9.04 million last week.
FNB, Oryx
FNB Namibia Holdings was the only group on the Local Index which saw share price movement. However, the group shed 1c or 0.02% on its share price to close the week at N$46.75.
Nearly N$3.25 million of FNB Namibia's shares changed hands last week.
The only other company on the Local Index which recorded trade in the week under review was Oryx Properties Ltd. A total of N$906 019 was traded at N$20.65 per share.
The Local Index ended last week at 591.30 points, up 14.10 or 2.44% on the previous Friday, and the highest the index has been so far this year.
About N$194.1 million was traded on the Overall Index last week. The index ended the week at 1 135.70 points, 14.93 or 1.33% higher than the previous Friday. The JSE All Share Index was up 0.35%. The Namibian-based company Trustco Group Holdings Ltd was the biggest loser on the Overall Index last week. It closed at N$4.80 per share, shaving 20c or 4% off its closing price of the previous week.
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