Bull of a month for Capricorn

Jo-Maré Duddy – A jump of nearly 31% in its share price in March catapulted Capricorn Group (CGP) to the biggest company on the Local Index of the Namibian Stock Exchange (NSX).Capricorn – which Bank Windhoek as its flagship brand – ended March with a market capitalisation of N$6.879 billion by total shares in issue. A 4%-increase in the closing price of FirstRand Namibia (FNB) resulted in the group claiming the second spot, with a total market capitalisation of N$6.422 billion. Namibia Breweries (NBS), the previous heavyweight of the Local Index, moved into the third position after a 0.003%-dip in closing price left the group with a total market capitalisation of N$6.402 billion.At the end of February, NamBrew had a total market capitalisation of N$6.404 billion, followed by FNB with N$6.173 billion and CGP with N$5.254 billion.MARCH WINNERSCapricorn’s big break came on Wednesday, 3 March, when its closing price spiked by N$2.68 a piece or 26.5% to N$12.80. A total of 147 369 CGP shares were traded in 14 deals on the day, totalling nearly N$1.77 million.Capricorn extended its lead during the remainder of the month, ending March at N$13.25 per share, up N$3.13 or 30.9% from February and the clear winner for the period under review.SBN Holdings (SNO), of which Standard Bank Namibia is a subsidiary, closed at N$8.00 per share, up 50c or nearly 6.7% from February. FirstRand Namibia, boasting the FNB Namibia brand, ended at N$24.00 per share, 93c or 4.03% higher from February.Paratus Namibia Holdings (PNH), the only tech company listed on the Local Index, closed March at N$12.00 per share, a month-on-month (m/m) increase of 25c or 2.1%.Namibia Asset Management's (NAM) closing price increased by one cent or 1.6% m/m to N$0.63 per share.LOSERSLetshego Holdings Namibia (LHN) was the biggest loser on the Local Index in March. Its closing price dropped by 30c or 13.6% m/m to N$1.90 a share.Oryx Properties (ORY) closed at N$12.00 per share, down 50c or 4% from February.NamBrew ended March at N$31.00 per share, compared to N$31.01 per share the previous month.STATISTICSAbout N$38.6 million worth of shares were traded on the Local Index in March compared to around N$24.5 million the previous month.The index closed last month at 443.31 points, up 5.9% m/m. Compared to March 2020, when it closed at 558.19 points, the index shed nearly 20.6%.Total trade on the Overall Index in March was nearly N$921.1 million, compared to around N$1.1 billion the previous month.The Overall Index closed at 1 338.31 points last month, up 0.26% m/m. Compared to March 2020, when it closed at 900.32, the index gained nearly 48.7%.

Bull of a month for Capricorn

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Republikein 2026-09-18

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Bull of a month for Capricorn

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