Letshego Holdings Namibia was the standout performer on the Namibian Stock Exchange (NSX) in 2024, recording a total return of 49.2%, the latest data shows.
According to data from Cirrus Capital, Nictus Holdings followed with 30.4%, while Capricorn Group achieved a 24.7% total return.
In terms of price return, Cirrus Capital Fixed Income analyst Pandu Shaduka says Letshego Holdings led at 27.9%, with Capricorn Group at 21.4% and Nictus Holdings at 12.6%.
Namibia Breweries recorded the lowest total return among local stocks, closing the year at 1.9%.
“The NSX Local followed on a strong 2023, with all but one of the local tickers generating positive returns in 2024,” says Shaduka.
Meanwhile, Namibia Breweries saw the highest volume traded on the NSX Local in December 2024, with N$9.1 million exchanged.
FirstRand Namibia (FNB) followed with N$6.4 million traded, while other tickers, including Oryx Properties and Mobile Telecommunications, recorded less than N$1 million each.
December trading on the NSX Local Index totalled N$18 million, down from N$69.5 million in November.
“For the fourth quarter, SBN Holdings led with N$46.3 million traded, followed by FNB with N$33.4 million and Capricorn Group at N$22 million. Quarterly trading activity reached N$124 million, up from N$92.3 million in the second quarter and N$59.4 million in the third quarter,” says Shaduka.
Namibia Breweries was the most traded local stock in 2024, recording N$110.1 million in transactions. FNB followed with N$84.7 million, surpassing SBN Holdings at N$82.2 million.
Cirrus noted that the NSX Local recorded N$421.1 million in cumulative value traded for the year, marking it as the third-lowest annual volume on record.
On the dual-listed front, Anglo American was the most active in December, recording N$124.8 million traded.
FirstRand followed with N$99.7 million, while Shoprite Holdings saw N$79.3 million exchanged.
Overall trading volume on the NSX in December totalled N$612.7 million, above the 12-month rolling average of N$551 million.
“Despite low volumes traded in December, SBN Holdings led the value exchanged for the second consecutive quarter,” says Shaduka.
For 2024, N$6.2 billion was traded on the NSX Overall Index, making it the lowest annual value traded in over a decade.
Anglo American remained the most traded dual-listed counter, with N$908.3 million in transactions.
– The Brief
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