14 February 2025 Morning Market Update: Local and Global Financial Trends

By Leonard Witbeen

The Namibian stock market saw significant activity yesterday, with 1,582,354 shares traded at a total value of N$13.65 million across 28 deals. The financial sector led with N$11.89 million in trades, while the real estate sector followed with N$274,678. Year-to-date, market trades have reached 8 million shares, totaling N$481.55 million.

Global Currency and Market Trends

South African Rand Holds Steady Amid Tariff Speculation

According to Reuters, South Africa’s rand remained stable at 18.53 per dollar in volatile trading on Thursday. Investors are closely watching U.S. President Donald Trump’s anticipated announcement of new reciprocal tariffs. While Trump has not provided specific details, the plan could potentially impact all countries imposing duties on U.S. imports.

Nigeria’s 2025 Budget Approval

Nigerian lawmakers have approved a 2025 budget of 54.99 trillion naira ($36.6 billion), surpassing the initial proposal by President Bola Tinubu. CNBCAfrica reports that the increased budget accounts for additional revenue expected from tax collections, customs, and other governmental agencies. This move signals Nigeria’s continued efforts to boost its economy through enhanced revenue strategies.

Wall Street Defies Inflation Concerns

Wall Street stocks surged on Tuesday, brushing off concerns over rising inflation. Bloomberg reports that big tech stocks led the gains, with Tesla and Nvidia jumping over 3.2%, while Apple rose 1.5% following CEO Tim Cook’s announcement of a new product launch scheduled for February 19. Despite ongoing inflationary pressures, investors remain optimistic about market stability and future growth.

Financial Indicators

• The Namibia dollar trades at 18.51 against the US dollar, 19.35 against the Euro, and 23.23 against the British Pound.
• Gold is currently priced at $2,927.38 per fine ounce.
• Brent crude stands at $75.18 per barrel.
• Bitcoin is trading at $1,788,228.82.

Stay tuned for more updates on market trends and economic insights.