CHAMWE KAIRA
The Namibia Securities Exchange (NSX) Overall Index fell by 1.41% during the trading week of 6 to 10 July, closing at 2,294.38 points from 2,327.30 points recorded on the previous trading day.
The decline of 32.91 points came as losses in consumer discretionary, consumer staples and basic materials stocks outweighed gains in the financial sector.
The NSX Local Index, however, edged up by 0.14% to close at 845.08 points, compared with 843.92 points previously. The local index has gained 4.62% since the beginning of the year.
The financial sector posted the strongest gain among the major sectors, rising 0.29% to 750.46 points, while telecommunications and utilities ended the week unchanged at 306.11 points and 1,084.09 points, respectively.
Consumer discretionary stocks recorded the steepest decline, falling 4.16% to 2,654.79 points. The basic materials sector dropped 3.56% to 794.45 points, while consumer staples declined 2.48% to 1,395.61 points. The real estate sector also slipped by 1.03% to 2,673.90 points.
Despite the weekly decline, several sectors remain higher than at the end of 2025. Basic materials have delivered the strongest year-to-date performance, rising 11.04%, followed by the overall market index, which is up 7.15%, consumer staples at 5.81%, financials at 5.16% and telecommunications at 2.22%.
By contrast, utilities are down 2.11% since the start of the year, while consumer discretionary has declined 1.05% and real estate has eased 0.99%.
Meanwhile, the Johannesburg Stock Exchange (JSE) All Share Index declined by 1.03% to 110,355.39 points, extending its year-to-date loss to 4.73% from its December 2025 closing level of 115,832.00 points.
The NSX Overall Index currently offers an actual dividend yield of 3.58%, while the Local Index has a dividend yield of 9.58%.
Telecommunications stocks provide the highest sector dividend yield at 9.96%, followed by consumer discretionary at 8.71%, real estate at 5.96% and financials at 5.57%.
