MARKET INFORMATION
Namibian Stock Exchange
http://www.nsx.com.na/

 

 

 

Trading Hours

Opening Auction

08:50 - 09:00

Continuous trading

09:00 - 16:50

 

Closing Auction

16:50 - 17:00

Close

17:00

Please note that there is an Intraday Auction Call Period on selected stocks from 12:00 to 12:15)

Time Zone

GMT+2

Trading Days

Monday – Friday

Trading Currency

Namibian Dollar (NAD).

 

Main Index

Namibia Overall Index

Reuters code

.wFTN098

Bloomberg code

FTN098

Trading ID/ Trading Requirements

BDA Account Number

Settlement Cycle

T+3 for Dual Listed Stocks & T+5 for Primary Listed Stock

Current Index Status

No MSCI classification

No FTSE classification

Market Cap

$158bn
Average Daily Value Traded
YearAVG VALUE TRADED
2023 $1.8m
2024 $1.4m
2025 $1.9m
MARKET DYNAMICS

Stock Limit
Up/Down


Varies from
0% - 20%

pre-set at market segment leve

Tick
Size

 

N$ 0.01

Crosses

 

Brokers cannot cross orders internally without following NSX rules and directives.

All crossings must be transparent and executed through the official NSX trading system.

Using alternative books (e.g., odd-lot book) to bypass normal market rules is prohibited.

All or None


Not Available.

Off- Market
Crosses


Not available

Official
Closing Price


Auction price

Board Lot


1 share

MARKET REGULATIONS
Foreign Ownership Restriction
No FOL. Foreigners can own up to 100% of all listed stocks
Disclosure Rules
Investors holding significant interest in a listed company’s shares (or reaching that threshold, 5%as a guide) must disclose their holdings and any subsequent changes. Directors have additional obligations to disclose all interests. 
Securities Lending
Allowed
Short selling

Securities borrowing agreement in place.

Proper disclosure and order marking.

Compliance with tick rules to prevent price manipulation.

Crossing Restrictions

All crossings must be transparent and executed through the official NSX trading system.

MARKET FEES & TAXES
Market Fees

NSX Levy: Ranges from 0.02% 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

10% dividend tax on Namibian resident shareholders effective 1 Jan 2026 (Exemptions: e.g., dividends to resident companies and retirement funds)

 

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$5,000,001 - N$40,000,000 0.35% 0.035%
Over N$40,000,000 0.20% 0.02%