The Namibian Stock Exchange (NSX)’s local board saw a total of N$527.3 million traded in 2023 from 1,564 deals, representing a N$82.17 million decrease from the N$609.6 million traded in 2022.
Overall, N$8.2 billion was traded on the NSX in 2023 from 5,519 deals, reflecting a decrease of N$5.3 billion from the N$13.5 billion traded in 2022.
NSX 2023 Top Performers
The top-performing local share on NSX in 2023 was Standard Bank Namibia Holdings, with a total return of 114%.
The financial services group’s share price recorded a 91.6% increase during the period under review, according to Simonis Storm data.
FirstRand Namibia Ltd retained its second-best performing share spot in 2023, with a return of 79.5%.
FirstRand Namibia Ltd’s share price recorded a 50.75% increase in 2023, with N$234.1 million worth of shares traded, an increase from N$148.9 million traded in 2022 and N$123 million traded in 2021.
The third-best performing share for the period under review was Letshego Holdings Namibia Ltd, which recorded a 58.8% return in 2023. Its share price increased by 30.33%, with over two million shares worth over N$8 million traded.
Capricorn Group Ltd recorded a return of 38.7% during the period under review, with its share price up 30.08%.
NSX 2022 Worst Performers
Namibia Breweries Ltd was the worst-performing share on the NSX, down 31.54%, although offering a return of 24.8%.
Looking at asset class returns in Namibia for 2023, according to Cirrus Capital, NSX local shares were the top-performing asset class in 2023, with a total return of 42.3%.
Namibian Government bonds delivered a 17.4% return.
The worst-performing asset class was the overall index, up 5.8% for the year.
