NSX Trading

Do you have Namibia Stock Exchange (NSX) shares that you would like to sell? Or do you want to start investing and purchasing NSX shares? If so, this page is for you.

Calculator

Share Price

N$

Estimated Breakdown

  • Please contact us for more info

Do you have Namibia Stock Exchange (NSX) shares that you would like to sell? Or do you want to start investing and purchasing NSX shares? If so, this page is for you.

If you would like to see our NSX research, please sign up for a brokerage account here, after which you can request access to our bespoke research portal.

Background

In order to buy or sell shares on the NSX, you will need a stockbroker, such as Cirrus Securities. The stockbroker can see if there are any buyers or sellers in the market and will match sellers and buyers where possible to ensure that a transaction takes place. Note that there are not always buyers and sellers for all NSX shares.

Opening an account:

In order to trade your shares, you will need to open a brokerage account. The documents we require from you to do this are:

  • Certified copy of ID
  • Proof of Bank account details (statement or letter from the bank)
  • Proof of residence (a water bill, lease document or confirmation letter from person who’s house you live in)
  • Client Application download here
  • Client Instruction download here
  • Signed CM42 form (please only sign do not complete) download here
  • Original share certificate

All documents must not be older than three months and must be originals or certified copies delivered or couriered to our offices.

Brokerage fees structure

The brokerage fees on the NSX are regulated, and do not vary across brokers.

Trading fees on the NSX: Sliding Scale Brokerage fee:

  • 1% on any investment less than N$ 10 000
  • 0.85% on any investment between N$ 10 001 and N$ 20 000
  • 0.65% on any investment between N$ 20 001 and N$ 100 000
  • 0.55% on any investment between N$ 100 001 and N$ 500 000
  • 0.40% on any investment between N$ 500 001 and N$ 5 000 000
  • 0.35% on any investment over N$ 5 000 000
  • NSX Fees - 10% of the brokerage fee
  • Namfisa levy - 0.079% of the value of the trade

Transaction time

Because there are not always buyers or sellers of shares in the market, finding the counterparty (a seller if you are a buyer, or a buyer if you are a seller) can take time. However, as mentioned previously, if you are happy to take a lower price, you can sometime speed up the transaction time buy finding a counterparty more quickly.

Once a transaction is made in the market, it takes five days for funds to flow and the transaction to complete. This means that if we trade today, you will have money in your account five working days from now.

Please do not hesitate to contact us should you require any additional information. To speak to our traders, please call 061-256-666.

Open An Account Here icon

Research

Once you have an active account with Cirrus Securities, we will subscribe you to our research portal with tens of thousands of Namibian indicators, covering an enormous spectrum of Namibian data and research reports published frequently by our strong team of financial analysts and economists.

Watch a brief tour of our research portal below: