Markets

Markets (8)

The Namibian Stock Exchange (NSX) has launched a bond trading system, a development expected to boost the capabilities of the exchange to facilitate safe and regulated trading in Namibia's bond market.

The Namibian Stock Exchange (NSX) has been named the Best Stock Exchange Management (Africa) for 2023 by London-based Capital Finance International.

The Namibia Stock Exchange (NSX) is now among the top five exchanges on the African continent by market capitalisation, the central bank has said.

The Namibian Stock Exchange (NSX) overall share price index increased by 19.2% at the end of the first quarter of 2022 aided by recoveries in all the indices, the central bank has revealed.

The year 2021 saw N$439.7 million being traded on the Namibian Stock Exchange’s Local board, which is the lowest in local trading dating back to 2014. The poor volumes according to Cirrus Securities, can be attributed to the lackluster domestic economy taking away the shine from listed companies.

 Mobile Telecommunications Limited (MTC) on Friday became the newest member of the Namibian Stock Exchange after it listed under the abbreviated name “MTC Limited”, share code “MOC” and International Securities Identification Number ISIN NA000A3CR803.

Oryx Properties Ltd (ORY) released their FY21 results on 10 September 2021, reporting a N$10mn profit from prior year loss N$157.6mn, with total comprehensive loss reduced to N$32.1mn (PY: N$88.4mn loss).

Over the past couple of days, you might have read on the planned listing of Mobile Telecommunications Limited’s (MTC’s), through an Initial Public Offering (IPO) on the Namibian Stock Exchange (NSX) following government’s approval of the process in November 2017. Of course, this is history in the making, as MTC will become the first State Owned Enterprise to be listed. But if you find yourself with more questions than answers around what this means, here is our explainer.

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