Letshego Holdings Namibia Ltd was the standout performer on the Namibia Securities Exchange (NSX) in 2024, recording a total return of 49.2%, latest data shows.
According to data from Cirrus Capital, Nictus Holdings Ltd followed with 30.4%, while Capricorn Group Ltd achieved a 24.7% total return.
In terms of price return, Cirrus Capital (Pty) Ltd Fixed Income Analyst Pandu Shaduka said Letshego Holdings led at 27.9%, with Capricorn Group at 21.4% and Nictus Holdings at 12.6%.
Namibia Breweries Ltd recorded the lowest total return among local stocks, closing the year at 1.9%.
“The NSX Local followed on a strong 2023, with all but one of the local tickers generating positive returns in 2024,” said Shaduka.
Meanwhile, Namibia Breweries Ltd (NBS) saw the highest volume traded on the NSX Local in December 2024, with N$9.1 million exchanged.
FirstRand Namibia Ltd (FNB) followed with N$6.4 million traded, while other tickers, including Oryx Properties and Mobile Telecommunications, recorded less than N$1.0 million each.
December trading on the NSX Local Index totalled N$18 million, down from N$69.5 million in November.
“For the fourth quarter, SBN Holdings (SNO) led with N$46.3 million traded, followed by FNB with N$33.4 million and Capricorn Group Ltd at N$22.0 million. Quarterly trading activity reached N$124.0 million, up from N$92.3 million in the second quarter and N$59.4 million in the third quarter,” said Shaduka.
Namibia Breweries Ltd was the most traded local stock in 2024, recording N$110.1 million in transactions. FNB followed with N$84.7 million, surpassing SBN Holdings at N$82.2 million.
Cirrus noted that the NSX Local recorded N$421.1 million in cumulative value traded for the year, marking it as the third-lowest annual volume on record.
On the dual-listed front, Anglo American plc (ANM) was the most active in December, recording N$124.8 million traded.
FirstRand Ltd (FST) followed with N$99.7 million, while Shoprite Holdings Ltd (SRH) saw N$79.3 million exchanged.
Overall trading volume on the NSX in December totalled N$612.7 million, above the 12-month rolling average of N$551.0 million.
“Despite low volumes traded in December, SBN Holdings led the value exchanged for the second consecutive quarter,” said Shaduka.
For 2024, N$6.2 billion was traded on the NSX Overall Index, making it the lowest annual value traded in over a decade.
Anglo American remained the most traded dual-listed counter, with N$908.3 million in transactions.
