The Namibian Stock Exchange (NSX) registered a record trade for the first time in four years on Monday when shares worth N$971.84 million exchanged hands on the bourse in a single day.
Data made available to The Brief show that Monday’s trade was the biggest trade since June 18, 2018, when N$926 129.60 was traded in a single day.
The NSX third highest trade was recorded in 2017, May 4th, when shares valued at N$751 068.96 were traded.
Of the top four trades shares executed on Monday, N$193 663 670.6531 worth of Anglo-American shares changed hands, followed by N$137 685 940.47 worth of Firstrand Limited shares, N$129 860 424.23 worth of Standard Bank Group shares and N$116 339 351.0421 worth of Nedbank Group shares.
According to NSX data, shares valued at N$1 566 954 279.89 have been traded month to date, with N$6 018 102 797.59 traded year to date.
In April, the NSX also saw high value trades recorded, with close to N$800 million having changed hands on the bourse in a week, with a then record trade of N$391.22 million having been recorded in one day.
According to the Bank of Namibia (BoN) Quarterly Bulletin for June 2022, the market capitalisation of the 32 companies listed on the NSX increased by 34.9% and 17.5% year-on-year and quarter-on quarter at the end of the first quarter of 2022 to N$2.54 trillion.
The NSX overall share price index increased by 19.2% at the end of the first quarter of 2022 aided by recoveries in all the indices, the central bank has revealed.
