NamBrew retains buzz in third quarter

Jo-Maré Duddy – Namibia Breweries Ltd is the darling of the Local Index of the Namibian Stock Exchange (NSX) so far this year, with its share price gaining 17.89% from the end of 2017 to the end of September.NamBrew is one of only two companies on the index of which ended September higher than the end of 2017. The other one is Nimbus Infrastructure Ltd, which posted an increase of 4.76%.NamBrew ended September at N$46.00 a share, N$6.98 a piece higher than the end of 2017. Compared to the end of September 2017, the company’s price climbed by N$8.75 per share or 23.5%.Nimbus listed as the first capital pool company (CPC) on the NSX last October, and was reclassified as part of the Main Board on 29 June this year. Since the end of December 2017, the company share price has increased by 50c a piece.LosersNamibia Asset Management (NAM) was the biggest loser in the nine months under review, closing September at 64c per share, down 8c or 11.11% a piece.Capricorn Investment Group’s share price dropped by N$1.85 or nearly 10.3% a piece. Compared to September 2017, Capricorn’s price slumped by N$2.03 or nearly 11.2% per share.FNB Namibia Holdings ended September N$2.88 or nearly 6.2% per share lower than it did 2017. Compared to September 2017, the group’s share price fell by N$3.01 or 6.4%.The year-to-date drop in share prices for the other companies on the Local Index was: Bidvest Namibia (7c or 0.89% per share); Letshego Holdings Namibia (1c or 0.25%); Nictus Holdings Nam (9c or 4.76%) and Oryx Properties (40c or 1.94%).The preferential shares of Stimulus Investments remained flat at N$121.29 a piece.Trading About N$136.4 million worth of shares in total were traded on the Local Index during the third quarter, bringing the total for the first nine months to some N$513.4 million. During the first nine months of 2017, total trade of about N$598.5 million was recorded, of which approximately N$240.5 million was in the third quarter.Moneywise, FNB Namibia clinched the bulk of trade during the past quarter, with nearly N$49.1 million worth of shares in total changing hands. This was followed by NamBrew with total trade of nearly N$43.8 million. Other companies’ total trade during the quarter under review was: Capricorn (N$36.1 million); Oryx (N$3.96 million); Nimbus (N$1.7 million), Letshego Namibia (N$1.5 million); Bidvest Namibia (N$302 551) and Nictus (N$4 388).On the Overall Index of the NSX, total trade during the first nine months of 2018 amounted to about N$8.4 billion. Of this, some N$2.5 billion was during the past quarter. During the first nine months of 2017, shares worth about N$11 billion in total were traded on the Overall Index, with some N$2.1 billion recorded in the third quarter.The Local Index ended September at 615.25 points, up 15.6 points or 2.6% since the beginning of the year. Compared to the end of September 2017, the index gained 23.78 points or 4.02%.The Overall Index ended the third quarter at 1 303.28 points, up 3.61 points or 0.28% from the beginning of 2018. Compared to the end of September 2017, the index gained 174.84 points or 15.49%.By comparison, the JSE All Share Index retreated 6.38% so far this year, while it is up 0.23% from the end of September 2017.

NamBrew retains buzz in third quarter

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Republikein 2026-09-18

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NamBrew retains buzz in third quarter

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