NamBrew remains sure bet in first half-year

Nearly N$6 billion worth of shares were traded on the Namibian Stock Exchange in the first two quarters of 2018.

10 July 2018 | Business

Jo-Maré Duddy – Namibia Breweries has emerged as the star on the Local Index of the Namibian Stock Exchange (NSX) during the first six months of 2018, with the company ending June 15.3% higher than it started off the year.

NamBrew ended June at N$44.98 a share, N$5.96 a piece higher than its opening price for 2018. Compared to the end of June 2017, NamBrew’s share price has climbed by N$11.67 or about 35%.

Only three of the ten companies listed on the Local Index ended June on a higher note than it kicked off the new year. Letshego Holdings Namibia is up 0.25% or 1c, while Nimbus Infrastructure’s share price boasted an increase of 4.86% or 51c a piece. Nimbus listed as the first capital pool company (CPC) on the NSX last October, and was reclassified as part of the Main Board on 29 June.

Losers

Namibia Asset Management (NAM) is the biggest loser on the Local Index so far this year. It started 2018 at 72c a share. By the end of June, it was 11.1% down to 64c a piece.

Nictus Holdings Namibia shed 4.76% to end the first half-year 9c a share lower at N$1.80. Capricorn Investment Group was 77c or 4.28% lower at N$17.23, while FNB Namibia Holdings dropped N$1.65 or 3.54% per share. Oryx Properties ended June at N$20.20 per share, a decrease of 39c or 1.89% compared to the beginning of January. Bidvest Namibia lost 6c or 0.77% to end the first six months of the year at N$7.78 per share.

The preferential shares of Stimulus Investments remained flat at N$121.29 a piece.

Trading

About N$103 million worth of shares in total were traded on the Local Index during the second quarter, bringing the total for the first half-year to some N$377 million. During the first six months of 2017, total trade of about N$358 million was recorded, of which approximately N$100 million was in the second quarter.

Moneywise, FNB Namibia clinched the bulk of trade during the past quarter, with nearly N$53.56 million worth of shares in total changing hands. This was followed by Oryx with total trade of nearly N$25.71 million.

Other companies’ total trade during the quarter under review was: NamBrew (nearly N$11.96 million); Capricorn (N$5.03 million); Stimulus (N$3.28 million); Letshego Namibia (N$1.89 million); Bidvest Namibia (N$1.18 million); Nimbus (N$384 900) and NAM (N$16 695).

On the Overall Index of the NSX, total trade during the first half-year of 2018 amounted to about N$5.9 billion. Of this, some N$2.8 billion was during the past quarter. During the first six months of 2017, shares worth about N$8.9 billion in total were traded on the Overall Index, with some N$5.6 billion recorded in the second quarter.

The Local Index ended June at 619.96 points, up 20.31 points or 3.39% since the beginning of the year. Compared to the end of June 2017, the index gained 49.56 points or 8.69%.

The Overall Index ended the second quarter at 1 283.68 points, down 15.99 points or 1.2% from the beginning of 2018. Compared to the end of June 2017, the index gained 270.17 points or 26.7%.

By comparison, the JSE All Share Index retreated 3.2% so far this year, while it is up 11.6% from the end of June 2017.

Similar News

 

FirstRand Namibia fights back

1 day - 15 February 2019 | Business

Jo-Maré Duddy – FirstRand Namibia bounced back to positive profit growth in the six months ended 31 December 2018 after taking a knock in the...

NaCC scrutinises fuel imports

1 day - 15 February 2019 | Business

The Namibia Competition Commission (NaCC) is requesting input from interested and affected parties on the reinstatement of the National Petroleum Corporation of Namibia's (Namcor) intent...

RA, Unam sign MoU

1 day - 15 February 2019 | Business

Justicia Shipena On 12 February, the Roads Authority (RA) and the University of Namibia (Unam) signed a memorandum of understanding (MoU) at the RA’s...

Company news in brief

1 day - 15 February 2019 | Business

Vodacom, Telkom welcome ECA bill withdrawalSouth African mobile network operators Vodacom and Telkom on Wednesday welcomed a government decision to withdraw a bill, which proposed...

Better half-year for FirstRand Namibia

2 days ago - 14 February 2019 | Business

FirstRand Namibia, previously FNB Namibia Holdings, made a profit of nearly N$552.7 million for the six months ended 31 December 2018 – an increase of...

Company news in brief

2 days ago - 14 February 2019 | Business

Heineken sees 2019 profit growth at similar pace to last yearHeineken, the world's second-largest beer maker, forecast its operating profit to grow at nearly the...

Company news in brief

3 days ago - 13 February 2019 | Business

Tanzania row overshadows Acacia's upbeat outputAcacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner...

Namibian khalas hits market

4 days ago - 12 February 2019 | Business

Desert Fruit Namibia (DFN), one of only a limited number of date producers in the southern hemisphere, has begun to harvest Khalas – a new...

Company news in brief

4 days ago - 12 February 2019 | Business

Gushing profits for oil majors on crude priceThe world's top energy companies booked enormous profits last year thanks to higher oil prices and keeping a...

Cannabis craze weeds out junior mining field

5 days ago - 11 February 2019 | Business

Joe Bavier and Barbara Lewis - A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to...

Latest News

Hostel a threat to lives

1 day - 15 February 2019 | Education

The Kavango West education directorate continues to subsidise a dilapidated church hostel at Nkurenkuru, despite a 2010 directive by the health ministry that it must...

Foreign graduates protest 'unfair' tests

1 day - 15 February 2019 | Health

Dozens of foreign-trained medical and dentistry graduates took to the streets yesterday to protest against a pre-internship exam which they claim is unfair and discriminatory.One...

FirstRand Namibia fights back

1 day - 15 February 2019 | Business

Jo-Maré Duddy – FirstRand Namibia bounced back to positive profit growth in the six months ended 31 December 2018 after taking a knock in the...

Our people sustain our group

1 day - 15 February 2019 | Columns

Engaged employees help establish better relationships with customers, since staff are the ones who are actually in contact with customers. This is why FirstRand Namibia...

NaCC scrutinises fuel imports

1 day - 15 February 2019 | Business

The Namibia Competition Commission (NaCC) is requesting input from interested and affected parties on the reinstatement of the National Petroleum Corporation of Namibia's (Namcor) intent...

Our Achilles heel of accountability

1 day - 15 February 2019 | Columns

Enforcing greater accountability has always been an Achilles heel for the Namibian government over the years. Questions have been raised over whether there is indeed...

RA, Unam sign MoU

1 day - 15 February 2019 | Business

Justicia Shipena On 12 February, the Roads Authority (RA) and the University of Namibia (Unam) signed a memorandum of understanding (MoU) at the RA’s...

Mutorwa’s journey with science

1 day - 15 February 2019 | People

Justicia Shipena Marius Mutorwa is a lecturer at the Namibia University of Science and Technology (Nust) in the department of health...

Witbooi artefacts coming

1 day - 15 February 2019 | Cultural

The arts and culture ministry has dismissed claims by the Nama Traditional Leaders Association (NTLA) that repatriating the bible and whip of the late Nama...

Load More