Staff Writer
The Namibia Securities Exchange (NSX) ended higher on Wednesday, with the Overall Index rising 1.56% to 2,428.98 points, supported by strong gains in financial and basic materials stocks.
The Overall Index gained 37.20 points from the previous session’s 2,391.77, extending its year-to-date increase to 13.43% from 2,141.33 at the end of December 2025. The index also closed at its highest level of the year.
The Local Index edged up 0.07% to 840.10 points, adding 0.59 points from the previous day’s close of 839.51. The index has gained 4.0% since the start of the year and also finished at a new 2026 high.
Among sector indices, financial stocks recorded the strongest daily performance, with the Financials Index advancing 1.91% to 758.74 points.
The Basic Materials Index followed with a 1.27% increase to 902.01 points, while the Consumer Discretionary Index rose 0.84% to 2,652.91 points.
The Consumer Staples Index gained 0.82% to 1,443.12 points, while the Telecommunications Index added 0.27% to close at 304.32 points.
Real estate was the only sector to record a decline, with the Real Estate Index falling 0.39% to 2,628.08 points.
The Utilities Index remained unchanged at 1,084.09 points.
On the South African market, the JSE All Share Index rose 0.41% to 116,024.72 points, up 468.53 points from the previous session.
Despite the daily gain, the benchmark remained broadly flat for the year, up 0.17% from its December 2025 closing level.
Year-to-date performance remained strongest in the Basic Materials sector, which has advanced 26.07% since the beginning of 2026.
Consumer Staples has gained 9.41%, Financials 6.32%, Telecommunications 1.63% and the Local Index 4.0%.
In contrast, the Real Estate Index has declined 2.69% since the start of the year, while Consumer Discretionary is down 1.12% and Utilities has fallen 2.11%.
