NAMIBIAN STOCK EXCHANGE CELEBRATES 25TH ANNIVERSARY

WINDHOEK, The Namibian Stock Exchange (NSX) marked its 25th anniversary on Thursday to celebrate its achievements since its formation on Sept 30, 1992.

The NSX launched with four companies listed and a market capitalization of 8.6 billion Namibian dollars (about 631 million US dollars at current exchange rates). Throughout the years, the boursee has grown significantly and is known to be the second largest stock exchange by market cap in Africa.

Market capitalization refers to the total market value of a company's outstanding shares held by shareholders.

The NSX is now home to 43 companies with a market cap of 1,844 trillion NAD, an NSX statement notes.

Source: NAM NEWS NETWORK