Tough returns on Local Index

Jo-Maré Duddy – SBN Holdings was the biggest winner on the Local Index of the Namibian Stock Exchange (NSX) last month, while Oryx Properties recorded the biggest drop in closing prices.Three companies – SBN Holdings, Paratus Namibia and FirstRand – closed January higher than December. Compared to the end of January 2020, however, only one company could boast a higher closing price.SBN Holdings ended last month at N$7.41 per share, up 51c or 7.4% compared to the end of December. Year-on-year (y/y), SBN Holdings’ share fell by N$1.79 or 19.5% a piece. The group’s recorded a high of N$9.11 per share over a 52-week period, while its low was N$6.85.According to IJG Securities, SBN Holdings’ total returns over 12 months were -14.33%. Both Cirrus Securities and IJG currently have a “sell” recommendation on SBN Holdings. Cirrus has a target price of N$6.40 for the company.WINNERSParatus Namibia closed January at N$11.75 per share, 26c or 2.3% higher than the previous month and the highest over a 52-week period. Compared to the end of January 2020, Paratus’ share price increased by N$1.48 or 14.4%. Paratus’ 52-week low was N$10.00.The company delivered total returns of 16.48% over the past year. Cirrus has a “buy” recommendation on the company and its target price is N$12.77.FirstRand Namibia ended last month at N$23.07 per share, gaining 3c or 0.1% on December’s closing price. Y/y, however, the group’s share price plummeted by N$10.34 or nearly 31%. FirstRand Namibia’s 52-week high was N$33.49 per share, while its low was N$20.15.The group yielded returns of -27.25% over the past year.IJG has a “hold” recommendation on the share, while Cirrus has a “buy” recommendation, with a target price of N$27.92 a piece.LOSERSNot only was Oryx Properties the biggest loser on the Local Index last month, it also was the biggest loser in the 12 months to the end of January 2021.Oryx closed January at N$12.00 per share, down N$2.00 or 14.3% compared to the previous month and the lowest over a 52-week period. Y/y, the group’s share price fell by N$7.50 or 38.5%. Oryx recorded a 52-week high of N$18.99.The group’s total yield over the past year was -36.14%.Both IJG and Cirrus have a “sell” recommendation on Oryx. Cirrus’ target price is N$11.04 per share.Letshego Holdings Namibia was the second biggest loser on the Local Index in January, shedding 9.8% or 26c per share month-on-month. The group closed last month at N$2.40 a piece, 40c or 14.3% down from January 2020. Its 52-week was N$3.00 and its low N$2.30.The group’s total yield over the past year was -7.86%.IJG has a “hold” recommendation on Letshego, while Cirrus recommends “buy”, with a target price of N$3.30 per share.Namibian Breweries ended last month at N$30.51 per share, losing N$2.74 or 8.3% compared to December. The group’s share price dropped by N$17.48 or 36.4% over the past year. Its 52-week high was N$47.99 and its lowest N$25.90.The group’s total yield over the past year was -34.53%.Both IJG and Cirrus have a “hold” recommendation on the share. Cirrus’ target price is N$33.81 per share.Capricorn Group closed January at N$12.97 a share, down 1c or 0.08% from the previous month. Compared to January 2020, Capricorn’s share price was N$2.23 or 14.7% lower. Its 52-week high was N$15.45 and its lowest N$10.00.Capricorn’s total yield over the past year was -11.96%.IJG has a “sell” recommendation on Capricorn. Cirrus recommends “hold” and it target price is N$13.14.STATISTICSNearly N$22.8 million worth of shares were traded on the Local Index last month compared to about N$42.2 million in January 2020.The index closed last month at 435.64 points, down 4.53% from December. Compared to January 2020, when it closed at 606.77 points, the index shed 28.2%.Total trade on the Overall Index last months was about N$603.94 million, compared to around N$1.06 billion in January 2020.The Overall Index closed at 1 232.28 points last months, virtually unchanged from the 1 232.26 points in December. In January 2020, the index ended at 1 239.95 points, 0.6% higher than last month.

Tough returns on Local Index

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Allgemeine Zeitung 2025-05-16

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Tough returns on Local Index

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Allgemeine Zeitung 2025-05-16

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