The Namibian Stock Exchange demonstrated notable energy this week as each main indices posted positive aspects, with the NSX Local index advancing 0.40% to achieve 706.5 factors, whereas the NSX Overall Index recorded a extra substantial improve of 1.59%, closing at 1775.9 factors. As of March 9, 2025, the market capitalization hierarchy stays largely unchanged, with FirstRand Namibia sustaining its dominant place as the biggest native firm at N$12.5 billion. Capricorn Group continues to carry second place with N$11.0 billion, adopted by Namibia Breweries and Mobile Telecommunications, now tied at N$6.0 billion every. This week’s standout performer was Nictus Holdings, which surged a powerful 16.0% to shut at N$2.90 per share. Letshego Holdings Namibia adopted with a powerful displaying, gaining 7.8% to finish the week at N$5.50 per share. Trading exercise was significantly strong within the banking sector, with FirstRand Namibia dominating quantity statistics at N$42.3 million price of shares traded, considerably outpacing second-place Oryx Properties, which noticed N$3.7 million in buying and selling quantity. On the foreign money entrance, the Namibian greenback confirmed vital energy in opposition to the US greenback, appreciating by 2.91% to shut at N$18.15. It additionally made modest positive aspects in opposition to the British pound, up 0.17% to N$23.47. However, the native foreign money weakened in opposition to the euro, depreciating by 1.96% to shut at N$19.77, presenting a combined image for importers and exporters coping with European markets.
Private sector credit score extension in Namibia noticed modest progress of 0.65% month-on-month in January 2025, bringing the full excellent credit score to N$117.90 billion. This represents a year-on-year improve of 4.06%, in line with the most recent information from the Bank of Namibia. The company sector emerged as the first driver of progress, increasing by 1.83% month-on-month to N$49.33 billion, whereas credit score prolonged to people contracted barely by 0.18% to N$68.57 billion. Instalment credit score and different loans and advances demonstrated sturdy annual progress of 16.70% and 12.28% respectively, suggesting elevated demand significantly in automobile financing. Meanwhile, mortgage loans remained sluggish with minimal progress of simply 0.34% year-on-year. Banking sector liquidity continued its constructive trajectory into 2025, with general liquidity reaching N$8.5 billion in January, a 2.2% improve from December’s N$8.3 billion. Notably, the ratio of Namibian deposits held in reserve has undergone a major shift in latest weeks, with the proportion held in Namibia versus South Africa altering from 30:70 to roughly 50:50.