Recession bites NSX stocks

Listed companies are feeling the pinch of the current economic meltdown with most share prices of local listed companies dropping at the end of September compared to their closing share prices in December 2017, data released by the Namibian Stock Exchange (NSX) last week shows.
Namibia Asset Management recorded the biggest drop in share price at 11.11 percent, followed by Capricorn Investment Group (10.28 percent), FNB Namibia Holdings (6.18 percent), Nictus Holdings (4.76 percent), Oryx Properties (1.94 percent), Bidvest Namibia, (0.89 percent) and Letshego Holdings (0.25 percent).

NSX local index up 9.54 percent in 2017

The Namibian Stock Exchange’s (NSX) local index, which caters for only Namibian primary listed companies, increased by 9.54 percent in 2017.

NSX chief pleads innocence

The listing of Nimbus Infrastructure Limited on the Namibia Stock Exchange at the beginning of this month was above board and all possible conflict of interest was declared, Namibia Stock Exchange CEO, Tiaan Bazuin, said this week.

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