Market Report

Namibia’s share market ended mixed, with the Namibia Securities Exchange (NSX) Local Index gaining 0. 11%, while the broader NSX Overall Index fell by 0. 27% The gain in the local market was supported by several major companies. Capricorn Group rose by 0. 03%, while FirstRand Namibia gained 0. 17%. SBN Holdings increased by 0. 14% and Mobile Telecommunications Limited rose by 0. 21%. In South Africa, shares ended lower.

The JSE All Share Index, which tracks many of the biggest companies listed in Johannesburg, fell by 0. 85%. The Top 40 Index dropped by 0. 92%. Banks and other financial companies were among the weaker performers, with the Financial 15 Index falling 0. 84%. The Resources 10 Index, which tracks major resource companies, was unchanged. Major international markets were mixed. In the United States, the Dow Jones fell by 0. 86%, while the S&P 500 declined by 0. 25%. In the United Kingdom, the FTSE 100 fell by 0. 29%. Asian markets, however, moved higher, with Japan’s Nikkei gaining 3. 25% and Hong Kong’s…