The Namibian Stock Exchange presented investors with divergent signals this week as the NSX Local index posted a modest gain of 0.11% to close at 749.3 points, while the NSX Overall Index retreated 0.60% to finish at 1792.1 points. Market capitalization rankings demonstrated some movement as of July 27, 2025, with FirstRand Namibia maintaining its commanding position as the exchange’s largest company at N$12.5 billion. Capricorn Group strengthened its second-place standing with an increased valuation of N$11.3 billion, while Mobile Telecommunications expanded to N$6.4 billion, solidifying its third position ahead of Namibia Breweries, which remained stable at N$6.0 billion. Standard Bank Namibia Holdings emerged as the week’s standout performer, advancing 0.7% to close at N$10.85 per share. Namibia Breweries followed with a marginal gain of 0.1%, ending at N$28.92 per share. Trading activity centered on these same two performers, with Namibia Breweries leading volume statistics at N$0.9 million worth of shares traded, followed by Standard Bank Namibia Holdings with N$0.6 million in trading volume. On the currency front, the Namibian dollar weakened across all major foreign exchanges. The local currency depreciated 0.24% against the US dollar to close at N$17.76, lost 0.55% against the British pound to end at N$23.88, and experienced its most significant decline against the euro, falling 1.24% to close at N$20.86. Namibia’s new vehicle market demonstrated remarkable resilience in June 2025, recording 1,313 units sold and marking the second-highest monthly sales figure for the year. This represented a substantial 32.2% year-on-year increase and a healthy 29.9% month-on-month gain. The strong performance pushed first-half sales to 6,970 units, up 10.3% compared to the same period in 2024 and representing the highest year-to-date June total since 2019. The passenger vehicle segment led the charge with particularly impressive growth, as 636 units were sold in June – a striking 60.6% increase from the previous year and well above the ten-year monthly average of 454 units. Year-to-date passenger vehicle sales reached 3,367 units, marking the strongest first-half performance since 2016. This surge in consumer demand suggests growing confidence in Namibia’s economic outlook and improved household purchasing power. Commercial vehicles maintained their slight majority share of monthly sales at 51.6%, with 677 units sold across all commercial categories. Light commercial vehicles dominated this segment with 617 units, posting a solid 21.0% annual increase, while medium commercial vehicles grew by 14.3% year-on-year. However, the heavy commercial vehicle segment faced headwinds with a 45.5% annual decline, though this was partly attributed to base effects from exceptionally low previous-year figures. The market’s momentum is further evidenced by rolling twelve-month sales reaching 13,457 units by June 2025, representing a 7.5% year-on-year increase and the highest such total since March 2020. Toyota continues to dominate across multiple segments, holding a commanding 52% share in passenger vehicles and an impressive 72.8% in light commercial vehicles.