Bank Windhoek shares jump 14% on first day

Marking the auspicious occasion are from the left, Lionel Mathews, Chairman of the Board of Directors of the Namibia Stock Exchange (NSX), Tiaan Bazuin, CEO of the NSX, Christo de Vries, Managing Director of Bank Windhoek Holdings Limited (BWH), Koos Brandt, Chairman of BWH Ltd, Johan Swanepoel, Vice Chairman, Mark Späth, MD of IJG Securities, and Brian van Rensburg, Director at PSG Konsult.The listing of Bank Windhoek Holdings Limited on the Namibian Stock Exchange is the financial event of the year. The share was valued at N$8.75 for the Initial Public Offering but demand was so huge, the listing was 3.5 times over-subscribed. It opened trading on Thursday at N$9.50 per share, reached an intra-day high of N$10.10, and closed its first day on N$10.02. Some 845,336 shares changed hands in 23 transactions at an average price for the day of N$9.723. Total traded value came to N$8,219,201. (See article under MARKETS)