The Namibian stock market saw a mixed performance in the week ended 25 September, with the NSX Local Index reaching a new 2026 high. The index rose to 859.89 points, a 1.78-point or 0.21% increase from 858.12 points previously. This marks the highest recorded level for the index in 2026. In contrast, the Overall Index declined by 15.34 points, or 0.65%, to 2 354.27 points from 2 369.61 points.
The NSX Local Index has shown significant growth since December 2025, with a 6.46% gain. The Overall Index, however, has increased by 9.94% over the same period. The local index's performance was driven by various sectors, including real estate, which recorded the largest increase, rising 0.75% to 2 631.11 points. Basic Materials also gained 0.96% to 892.67 points, while Telecommunications increased 0.27% to 312.09 points.
Consumer Staples rose 0.13% to 1 549.24 points, contributing to the positive performance of the local index. On the other hand, the financials Index declined by 2.07% to 715.72 points, while Consumer Discretionary fell 1.13% to 1 981.73 points. Utilities remained unchanged at 1 084.09 points. The sector performance since December 2025 showed Basic Materials as the strongest gainer, up 24.77%.
The data also revealed that Consumer Staples and Telecommunications recorded significant gains, at 17.46% and 4.22%, respectively. However, Consumer Discretionary was down 26.13% over the same period, while Real Estate declined 2.58%, Utilities fell 2.11%, and Financials increased marginally by 0.30%. The dividend yields ranged from 0% for Utilities and the JSE All Share Index to 11.28% for Consumer Discretionary.
The NSX Local Index had a dividend yield of 9.49%, while the Overall Index stood at 3.66%. The JSE All Share Index, which tracks the South African market, fell 1.93% to 110 826.04 points from 113 002.48 points. This decline was attributed to various market and economic factors.
According to the market data, the JSE All Share Index was down 4.32% from December 2025. In contrast, Namibia's Overall and Local indices remained higher over the same period. The NSX Local Index's performance is a positive indicator for the Namibian economy, which has been working to recover from the impacts of the COVID-19 pandemic.
The mixed performance of the NSX indices reflects the ongoing trends in the global and local markets. As investors continue to navigate the complexities of the market, the NSX Local Index's 2026 high is a notable achievement. The index's growth and the overall market's performance will likely be closely watched by investors and analysts in the coming weeks.
Key points
- The NSX Local Index reached a new 2026 high, driven by growth in various sectors.
- The Overall Index declined, while the JSE All Share Index also fell.
- The NSX Local Index has gained 6.46% since December 2025.
