The markets closed last week (18 August to 22 August) on a positive note, with several sectors posting strong gains. The JSE All Share Index climbed to 102,724 points, up 774 points from last week, marking a 0.76% increase. Since the start of the year, the index has risen an impressive 22.15%, reaching its highest level yet in 2025.
On the Namibian Stock Exchange, Namibia’s Overall Index gained 1.29% to settle at 1,835.39 points, while the Local Index inched up slightly by 0.04% to 754.19 points, continuing its steady growth of 9.09% since December 2024.
Among the major sectors, real estate emerged as the star performer, surging 5.26% to 2,384.91 points. The sector has now advanced more than 20% since December, reflecting renewed investor confidence in property markets. Financials also strengthened, up 1.37% to 633.36 points, while consumer discretionary added 1.57%, closing at 3,123.83 points.
However, not all sectors shared in the rally. Consumer staples slipped 8.35% compared to December levels, and basic materials showed only marginal year-to-date growth of 0.18% despite a 1.13% weekly rise. Utilities remained flat with no movement recorded.
Dividends continue to add value across sectors, with telecommunications offering the highest yield at 9.56%, followed by consumer discretionary at 7.76%, and real estate at 6.14%.
Overall, the week reflected optimism in regional markets, powered by real estate and financial gains, though challenges persist in staple and discretionary spending sectors.
–Namibia Stock Exchange
Caption
Namibian and South African markets closed strong last week.
