The Namibian Stock Exchange (NSX) closed one of its best weeks, after it recorded trade valued at over N$2.8 billion last week.
This was the same week that shares worth nearly N$1 billion exchanged hands in one day.
The local bourse recorded high value consecutives trades for the period under review, starting with N$971.84 million on Monday, followed by N$274.52 million on Tuesday, N$836.34 million on Wednesday, with N$101.16 being the lowest amount traded for the week on Thursday, while Friday recorded N$685.85 million.
Of the shares traded last week, the financial services sector dominated most trades, with N$1.81 billion worth of shares from 130 deals changing hands out of the week’s N$2.87 billion from 217 deals.
Year to date, over N$7.9 billion has been traded on the NSX from 3312 deals.
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.
The year 2021 saw N$439.7 million being traded on the Namibian Stock Exchange’s Local board, which is the lowest in local trading dating back to 2014.
