NSX Overall Index falls 4.3% in a week

**Staff Writer **

Namibia Securities Exchange’s overall stock market index fell 4.3% during the week ended 23 October 2026, while the local index declined by 0.6%, according to the Namibia Securities Exchange (NSX) weekly market index data.

The NSX Overall Index closed at 2 276.55 points on Friday, down from 2 379.97 points on 16 October. The NSX Local Index declined to 899.31 points from 904.71 points over the same period.

The overall index fell by 103.42 points during the week, while the local index lost 5.40 points.

The market also recorded losses on Friday, with the Overall Index dropping 4.35% from 2 379.97 points on Thursday to 2 276.55 points. The Local Index fell by 0.60% from 904.71 points to 899.31 points.

The Johannesburg Stock Exchange’s All Share Index also weakened, falling to 108 020.14 points on Friday from 110 934.23 points a week earlier, a decline of 2.63%.

On a year-to-date basis, however, the NSX Local Index remained 11.33% higher than its December 2025 level of 807.75 points. The Overall Index was up 6.31% from its December 2025 level of 2 141.33 points.

The NSX Local Index reached a 2026 high of 905.21 points on 21 October, before retreating to 899.31 points by Friday. The Overall Index’s 2026 high stood at 2 493.58 points, while its low was 2 070.30 points.

Meanwhile, Schanzen Road Investments CC, an associate of a director of Nictus Holdings Limited subsidiary, Corporate Guarantee and Insurance Company of Namibia Limited, has purchased 66 666 Nictus shares worth almost N$300 000.

The off-market transaction took place on 22 October at N$4.50 per share, bringing the total value of the purchase to N$299 997, according to a notice issued by Nictus.

Schanzen Road Investments CC is a close corporation in which BJ Gous, a director of Corporate Guarantee and Insurance Company of Namibia Limited, is a member.

Nictus said the transaction involved ordinary shares and represented an indirect beneficial interest in the company.

The company confirmed that the required chairman’s clearance had been obtained for the transaction. Nictus Holdings is listed on the Namibia Securities Exchange under the share code NHL.

Furthermore, Haida Investments (Pty) Ltd, a company owned and directed by Nictus Holdings subsidiary director WO Fourie, has purchased 12 410 ordinary shares in Nictus Holdings at N$4.15 per share.

The off-market transaction took place on 21 October and had a total value of N$51 501.50, according to a disclosure issued by Nictus Holdings to the Namibia Securities Exchange (NSX).

The company said the transaction represents an indirect beneficial interest in Nictus shares. Haida Investments is a company in which Fourie is the sole director and shareholder.