Staff Writer
The Namibia Securities Exchange (NSX) Overall Index gained 2.74% during the trading week of 20–24 July 2026, closing at 2,316.51 points, up from 2,254.66 points in the previous session, supported by strong gains in the basic materials sector.
The NSX Local Index edged 0.10% higher to 848.88 points from 848.02 points, extending its gain for the year to 5.09%. The index also reached a new 2026 high of 848.88 points, compared with its year low of 807.70 points.
The basic materials Index recorded the strongest performance among the major sectors, climbing 10.26% to 835.15 points. The sector has advanced 16.73% since December 2025, making it the best-performing sector year-to-date.
The telecommunications Index also ended the week in positive territory, rising 0.27% to 306.94 points, while the Utilities Index remained unchanged at 1,084.09 points.
However, several sectors closed lower during the week. The consumer discretionary Index posted the largest decline, falling 5.87% to 2,382.67 points, leaving the sector down 11.19% since the end of 2025.
The real estate Index dropped 3.41% to 2,587.76 points, while the consumer staples Index declined 2.21% to 1,361.15 points.
The financials index retreated 1.52% to 740.30 points, although it remains 3.74% higher than its December 2025 level.
Across the broader market, the FTSE/JSE All Share Index declined 0.16% to 109,398.05 points, extending its year-to-date loss to 5.55% from 115,832.00 points recorded at the end of December 2025.
Based on dividend yields, the telecommunications sector offered the highest yield at 9.94%, followed by consumer discretionary at 9.71% and the Local Index at 9.54%. The basic materials sector recorded the lowest dividend yield at 0.57%.
The data indicate that while gains in basic materials helped lift the overall NSX, weakness in consumer-related sectors and real estate weighed on broader market sentiment during the week.
The NSX recorded total trading activity of N$29.1 million during the week of 20 July to 24 July 2026, with the financial sector accounting for the largest share of market turnover.
According to the NSX weekly market statistics report, the overall market recorded 982,333 shares traded across 50 deals during the reporting period.
The value traded increased by N$26.1 million compared with the previous reporting period, while trading volume rose by 863,468 shares.
The financial sector remained the main driver of activity, recording a free float market capitalisation of N$1.37 billion.
The sector accounted for N$22.7 million in traded value from 774 740 shares exchanged through 35 deals.
Real estate was the second-largest contributor to weekly turnover, with N$4.6 million worth of shares traded from 187176 shares across three deals.
The sector had a free float market capitalisation of N$34 billion.
Consumer staples recorded N$1.2 million in trading value, with 14 651 shares changing hands through five transactions. The sector’s free float market capitalisation stood at N$140.3 billion.
Consumer discretionary companies recorded N$149 358 in turnover from 2,889 shares traded across three deals, while basic materials recorded N$429 401 in value traded from 577 shares through two deals.
The telecommunications and utilities sectors recorded no trading activity during the week.
Local companies accounted for N$3 million in weekly trading value, with 118 865 shares traded through 16 deals. Local market activity for the year to date reached N$188.2 million in value traded from 9.7 million shares across 798 deals.
The NSX overall market, including all listed securities, recorded year-to-date trading activity of N$4.64 billion from 73.7 million shares traded through 2 882 deals.
Exchange Traded Products (ETPs) contributed N$512.5 million in year-to-date turnover, with 2.54 million units traded across 156 deals.
The Development Capital Board (DevX) recorded year-to-date activity of N$21.6 million, with 617 180 shares traded through 34 deals.
Combined activity across the NSX overall market, ETPs and DevX reached N$5.17 billion in value traded year to date, involving 76.9 million units and 3,072 deals.
