Market report: MTC only NSX primary listed share to trade

Mobile Telecommunications Limited (MTC) was the only primary listed share to trade on the Namibia Securities Exchange (NSX), gaining 0.21% as shares worth N$1.45 million changed hands.

The NSX Local Index edged up 0.03%, while the Overall Index fell 2.71%.

South African shares traded lower, with the Johannesburg Stock Exchange (JSE) All Share Index falling 1.75% and the Top 40 Index declining 1.90%.

The Resources 10 Index recorded the biggest decline among the listed South African indices, falling 3.32%.

The Financial 15 Index also dropped 1.08%.

International markets were mixed. In the United States, the Dow Jones Industrial Average slipped 0.07%, while the S&P 500 gained 0.41%. In the United Kingdom, the FTSE 100 fell 1.08%.

Asian markets also traded lower, with Japan’s Nikkei 225 declining 1.50% and Hong Kong’s Hang Seng Index falling 1.23%. Commodity prices moved in different directions. Brent crude oil rose 0.37% to US109.95 per barrel, while gold fell 0.42% to US4 123.47 an ounce. Platinum gained 0.14% to US$1 644.77 an ounce.

The Namibia dollar strengthened against the United States dollar, trading at N$16.41 to the dollar.

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