Chamwe Kaira
Trading on the Namibian Stock Exchange’s (NSX) fixed income market was quiet on Monday, with only one deal recorded, according to NSX data.
The government bond market remained largely unchanged, with yields stable across maturities. Economic indicators pointed to steady conditions as the country enters the final quarter of 2025.
The only transaction involved the GC32 government bond, with N$10 million in nominal value traded at a yield of 9.31%. The bond, which matures in April 2032, closed unchanged at a price of 98.27.
Other benchmark government bonds, ranging from the short-term GC25 to the long-term GC50, reported no activity. Yields were steady, with the GC25 at 8.43% and the longer-dated GC48 and GC50 around 11.69%.
Inflation-linked bonds such as the GI27, GI29, and GI33 also saw no trades, maintaining yields between 4.45% and 5.35%.
The slow start to the week reflects investors holding their positions ahead of new economic data releases and upcoming monetary policy announcements.
According to the Bank of Namibia and the Ministry of Finance’s borrowing strategy for the 2025/26 financial year, the fiscal deficit is projected at N$12.8 billion, or 4.6% of GDP.
After accounting for foreign loan repayments of N$3.8 billion, local bond redemptions of N$3.9 billion, the outstanding Eurobond, and additional financing requirements, the total funding needed for 2025/26 is estimated at N$29.8 billion. Of this, N$21.2 billion will be raised domestically, while N$8.6 billion is expected from external sources.
Meanwhile, the NSX recorded modest gains in Monday’s trading session. The NSX Local Index rose 1.21%, bringing its year-to-date gain to 12.50%.
The Overall Index climbed 1.05%, extending its 2025 performance to 6.03%.
Trading value increased to N$1.98 million, up from N$769,000 in the previous session. Namibia Breweries led the gains, rising 19.10% to close at N$23.01, followed by Oryx Properties, which advanced 11.96% to N$52.03. Cohen Property gained 40.56%, and FirstRand Namibia added 29.18%.
Letshego Holdings Namibia was the only notable decliner, slipping 1.42%. In the over-the-counter market, prices rose by 8.09%, indicating firm sentiment among investors.
Caption
The bond market remained quiet early this week.
- Photo: Contributed
