Staff Writer
The local share index reached a new high for 2026 during the week ended 16 October, closing at 904.71 points, up 0.07% from 904.11 points recorded previously.
The Namibia Securities Exchange (NSX) Local Index has gained 12.00% since December 2025, rising from 807.75 points. Its latest closing level was also its highest for the year, according to market data for 12 to 16 October.
The overall NSX index increased by 1.00% to 2 379.97 points from 2 356.42 points, bringing its gain since December 2025 to 11.14%.
The consumer discretionary sector recorded the strongest weekly performance, rising 4.28% to 2 203.48 points. The sector gained 90.40 points over the period but remained 17.87% below its December 2025 level.
The financials index rose 3.49% to 719.16 points, an increase of 24.24 points. Despite the weekly gain, the index was only 0.78% higher than its December 2025 level.
Real estate increased by 0.94% to 2 675.69 points, while consumer staples gained 0.96% to 1 593.97 points.
The telecommunications index was nearly unchanged, slipping 0.04% to 312.85 points. Utilities declined 0.11% to 1 082.85 points.
Basic materials was the weakest-performing sector during the week, falling 1.86% to 905.31 points, a decline of 17.13 points.
Despite the weekly drop, basic materials remained the strongest-performing sector since December 2025, having gained 26.53% from 715.47 points.
Consumer staples followed, rising 20.85% since December 2025, while the local index gained 12.00% over the same period.
Consumer discretionary remained the weakest sector relative to December 2025, down 17.87%, while real estate declined 0.93% and utilities fell 2.22%.
The Johannesburg Securities Exchange All Share Index rose 2.22% during the week to 110 934.23 points from 108 524.77 points. However, it remained 4.23% below its December 2025 level of 115 832 points.
The local index’s latest level of 904.71 points was above its previous 2026 high of 904.11 points recorded in the supplied data and substantially higher than its December 2025 level.
The data shows that Namibia’s overall and local indices remained in positive territory for the year, while sector performance was mixed, with basic materials and consumer staples recording the largest gains since December 2025.
