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Trading Hours |
Opening Auction |
08:50 - 09:00 |
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Continuous trading |
09:00 - 16:50
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Closing Auction |
16:50 - 17:00 |
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Close |
17:00 |
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Please note that there is an Intraday Auction Call Period on selected stocks from 12:00 to 12:15) |
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Time Zone |
GMT+2 |
Trading Days |
Monday – Friday |
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Trading Currency |
Namibian Dollar (NAD). |
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Main Index |
Namibia Overall Index |
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Reuters code |
.wFTN098 |
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Bloomberg code |
FTN098 |
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Trading ID/ Trading Requirements |
BDA Account Number |
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Settlement Cycle |
T+3 for Dual Listed Stocks & T+5 for Primary Listed Stock |
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Current Index Status |
No MSCI classification |
No FTSE classification |
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Market Cap |
$120bn |
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| Year | AVG VALUE TRADED |
|---|---|
| 2021 | $2.7mn |
| 2022 | $3.2mn |
| 2023 | $1.8mn |
Stock Limit
Up/Down
Varies from
0% - 20%
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pre-set at market segment leve
Tick
Size
N$ 0.01
Crosses
Crosses can be done in the market’s spread during regular trading hours
All or None
Not Available.
Off- Market
Crosses
Not available
Official
Closing Price
Auction price
Board Lot
No board lots
| Market Fees |
NSX Levy: Ranges from 0.35% to 1% depending on the trade value (where commission is calculate on a step up structure, see below) NAMFISA Levy: 7.9bps |
| Non-resident shareholder’s tax | 10% for non-resident shareholders owning more than 25% 20% for non-resident shareholders owning less than 25% |
| VAT | None |
| Capital Gain Tax | None |
| Dividend Tax | None |
Step Up Commission Structure
| Transaction Value | Brokerage | NSX Levy |
| Below $N10,000 | 1.00% | 0.1% |
| N$10,001 - N$20,000 | 0.85% | 0.085% |
| N$20,001 - N$100,000 | 0.65% | 0.065% |
| N$100,001 - N$500,000 | 0.55% | 0.055% |
| N$500,001 - N$5,000,000 | 0.40% | 0.040% |
| N$5,000,000 + | 0.35% | 0.035% |