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.
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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.
The market price reported is the last price at which a trade took place. If there are still buyers at this level, sellers will be able to sell for this price. If there are not buyers at that level, sellers will have to either wait, or sell their shares at a lower price, where there are buyers. Give us a call to find out where the buyers and sellers are at any point in time at 061-256-666.
Individuals buying or selling local shares
We require the original documents to be delivered to our offices (see our location here). Should you have any questions kindly email us at: dealers@cirrus.com.na
Buying Shares:
- Client Application (download by clicking here)
- Legal Entities Application (download by clicking here)
- Client Instruction (download by clicking here)
- TS Form complete (download by clicking here)
- Proof of Residence (water bill, lease agreement or declaration)
- Proof of Bank Account (Bank confirmation letter or bank statement -not older than three [3] months)
- Certified copy of ID
- NamRA Registration Form
Selling Shares:
- Original Share Certificate
- Signed CM42 form (download by clicking here - please only sign do not complete)
- Proof of Residence (water bill, lease agreement or declaration)
- Proof of Bank Account (Bank confirmation letter or bank statement -not older than three [3] months)
- Client Instruction (download by clicking here)
- Certified copy of ID
Should you wish to open an account for a legal entity kindly email us at dealers@cirrus.com.na and we will forward you the necessary documents.
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.
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: