Year: 2022




NSX DAILY UPDATE (11 MAY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  97,528  5,415,880 100.00%
ETFs  -    -   0.00%
Total  97,528  5,415,880  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 5,415,880 worth of shares was traded on the NSX on Wednesday with about N$  1,522,075 worth of Anglo-American, and N$  66,693  of FirstRand Namibia Ltd on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares were traded causing the share price to increase.
  • FirstRand Namibia Ltd shares were traded without a decrease  in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 43.50 43.50 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.67 0.67 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.01 12.01 0.00%
Mobile Telecommunication Company MOC 7.51 7.51 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 656.43 674.15 2.70%
B2Gold Corporation B2G 65.22 64.27 -1.46%
Oceana Group Limited OCG 54.40 54.00 -0.74%
Mediclinic International Plc MEP 69.28 69.64 0.52%
Truworths TRW 53.18 52.79 -0.73%
Nedbank Group Limited NBK 209.97 207.66 -1.10%
Standard Bank Group SNB 161.07 161.98 0.56%
Shoprite Holdings SRH 220.90 220.30 -0.27%
FirstRand Limited FST 65.60 65.48 -0.18%
Momentum Metropolitan Holdings MMT 15.62 15.63 0.06%
Old Mutual Ltd OMM 11.95 12.10 1.26%
Sanlam Limited SLA 61.49 62.23 1.20%
Santam Limited SNM 284.59 285.98 0.49%
Vukile Property Fund Limited VKN 12.88 12.79 -0.70%
Investec Limited IVD 88.08 90.42 2.66%
PSG Konsult Limited KFS 13.10 13.10 0.00%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 278.69 277.68 -0.36%
New Gold Palladium ETF NGNPLD 323.09 321.31 -0.55%
New Gold Platinum ETF N NGNPLT 153.65 154.45 0.52%
New Funds S&P NAM Bond NFNAMA 16.49 16.58 0.55%

Table 4: ETFs


Exchange Rates  
USD/ZAR 16.19
EUR/ZAR 16.97
GBP/ZAR 16.98
EUR/GBP 0.85
EUR/USD 1.05
GBP/USD 1.25
AUD/USD 0.68
USD/JPY 129.51
Commodities  
Gold 1,851.36
Silver 21.38
Platinum 981.55
Palladium 2,014.78
WTI 104.06
Brent 106.05

Table 5: Exchange Rates and Commodities 


Local News

The Agronomy Producers Association (APA), affiliated with the Namibian Agriculture Union (NAU), has proposed a public-private partnership (PPP) deal to agriculture minister Calle Schlettwein for the government’s northern green scheme.  (Namibian Sun)

There are currently no punitive measures in place for electrical injuries and incidents in the electricity distribution sector. (New Era Newspaper)

SWAPO could reduce the number of years a candidate needs to compete for top party positions, such as president and vice president. (The Namibian)

Sub-Sahara News

SA needs to add a whopping 50 000 MW – equal to replacing its entire fleet – of additional generation capacity to the national transmission grid over the next 13 years to cover the energy supply gap and replace retiring coal stations, Eskom chief operating officer Jan Oberholzer said on Wednesday (News24)

The Executive Board of the International Monetary Fund has extended the credit facility line for Mozambique to assist in pushing forward the nation's recovery plans. (CNBC Africa)

As of May 11, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,588,765 while over 296,827,946 vaccinations have been administered across the continent. (All Africa News)

International News

North Korea has confirmed its first outbreak of COVID-19, raising fears of a humanitarian disaster in one of the world’s only unvaccinated countries as it goes into a nationwide lockdown (Aljazeera News)

Asian stocks rose broadly on Thursday after the U.S. Federal Reserve raised interest rates by 50 basis points, as widely expected, but struck a less hawkish tone than some had feared, saying inflation will "flatten out" over the coming months. (RTT News)

Finland is expected to announce on Thursday its intention to join NATO with Sweden likely to follow soon after, diplomats and officials said, as Russia's invasion of Ukraine reshapes European security and the Atlantic military alliance. (Reuters)

NSX DAILY UPDATE (10 MAY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  80,413  10,375,277 100.00%
ETFs  -    -   0.00%
Total  80,413  10,375,277  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 10,375,277 worth of shares was traded on the NSX on Tuesday with about N$ 2,816,034 worth of Anglo-American, and N$ 3,984 of FirstRand Namibia Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares were traded resulting in a decrease in share price.
  • FirstRand Namibia Ltd shares were traded without a decrease  in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 43.50 43.50 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.67 0.67 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.01 12.01 0.00%
Mobile Telecommunication Company MOC 7.51 7.51 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 667.40 656.43 -1.64%
B2Gold Corporation B2G 69.39 65.22 -6.01%
Oceana Group Limited OCG 54.48 54.40 -0.15%
Mediclinic International Plc MEP 70.41 69.28 -1.60%
Truworths TRW 52.83 53.18 0.66%
Nedbank Group Limited NBK 204.61 209.97 2.62%
Standard Bank Group SNB 157.77 161.07 2.09%
Shoprite Holdings SRH 214.88 220.90 2.80%
FirstRand Limited FST 64.94 65.60 1.02%
Momentum Metropolitan Holdings MMT 15.55 15.62 0.45%
Old Mutual Ltd OMM 11.64 11.95 2.66%
Sanlam Limited SLA 60.67 61.49 1.35%
Santam Limited SNM 280.67 284.59 1.40%
Vukile Property Fund Limited VKN 12.65 12.88 1.82%
Investec Limited IVD 85.62 88.08 2.87%
PSG Konsult Limited KFS 13.04 13.10 0.46%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 282.08 278.69 -1.20%
New Gold Palladium ETF NGNPLD 329.46 323.09 -1.93%
New Gold Platinum ETF N NGNPLT 149.29 153.65 2.92%
New Funds S&P NAM Bond NFNAMA 16.53 16.49 -0.24%

Table 4: ETFs


Exchange Rates  
USD/ZAR 16.07
EUR/ZAR 16.95
GBP/ZAR 19.83
EUR/GBP 0.85
EUR/USD 1.05
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 130.34
Commodities  
Gold 1,838.06
Silver 21.50
Platinum 956.45
Palladium 2,052.03
WTI 102.08
Brent 104.85

Table 5: Exchange Rates and Commodities 


Local News

The Agronomy Producers Association (APA), affiliated with the Namibian Agriculture Union (NAU), has proposed a public-private partnership (PPP) deal to agriculture minister Calle Schlettwein for the government’s northern green scheme.  (Namibian Sun)

Founding President Sam Nuuyoma believes Namibia is ready for a female head of state while saying the ruling party Swapo needs to be transformed into a modern political party that deploys people based on merit. (New Era Newspaper)

Businessman Kealeboga Gift Magopi (47), who is based in South Africa and Botswana, allegedly defrauded a Namibian woman of a N$ 1.7 million inheritance from her mother. (The Namibian)

Sub-Sahara News

South Africa’s decision to sell a majority stake in the country’s loss-making national airline represents an ongoing financial risk to the state as the terms were skewed heavily toward the buyer, National Treasury has said. (News24)

Zimbabwean security guard Edwin Dapi was already struggling to provide for his wife and four children before a conflict 11,000 km (6,800 miles) away in Ukraine sent global prices for grains, cooking oils, fuel, and fertilizer soaring. (CNBC Africa)

The government has suspended the Miss Rwanda beauty pageant following several allegations of misconduct and abuse toward contestants. (All Africa News)

International News

China’s zero-COVID strategy to defeat the pandemic is not sustainable, the head of the World Health Organization has said, in a rare public criticism by the UN agency on a government’s handling of the coronavirus. (Aljazeera News)

Asian stocks gave up early gains to end broadly lower on Wednesday ahead of the Federal Reserve's monetary policy announcement due out later in the day. (RTT News)

China's military said on Wednesday that it had monitored and warned a U.S. warship that had sailed through the sensitive Taiwan Strait, a mission that happened shortly after China carried out drills near the island. (Reuters)

Trade statistics Report: March 2022

Executive Summary

Analysis

  •  Total export earnings declined by 3.4% for March 2022 when compared to February 2022. This was attributed to a drop in the exports of non-monetary gold, fish, printed matter, medicinal and pharmaceutical products
  • On an annual basis, total export earnings increased by 27.9% year on year. This resulted from an increase in the exports earnings recorded for commodities such as petroleum oils, precious stones, and non-monetary gold
  • Import bill dropped by 17.7% for March 2022 when compared to February 2022. This was due to a decline in the import of vessels, inorganic chemical elements, ores, and concentrates of base metals, iron and steel bars, and other plastics in primary form
  • On an annual basis, total imports increased by 18.3%. This was influenced by an increase in the importation of petroleum oils, motor vehicles, and manufacturers of base metals (See figure 1 below)
  • The trade balance increased by 2.10% for March 2022 in relation to the same period last year (See figure 2)

            Figure 1: Export and Import value N$ million, (March 2021 – March 2022)

Source: Namibia Statistics Agency & HEI RESEARCH

Figure 2: Trade Balance (March 2021 - March 2022)

Source: NSA & HEI RESEARCH

Outlook

The country’s trade deficit improved in relation to the previous month. Maintaining the appropriate balance of imports and exports remains crucial thus prioritizing investments to boost the productivity of commodities the country has a comparative advantage is vital to narrowing the country’s trade deficit.

NSX DAILY UPDATE (09 MAY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  356,112  31,089,315 100.00%
ETFs  -    -   0.00%
Total  356,112  31,089,315  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 31,089,315 worth of shares was traded on the NSX on Monday with about N$5,155,007 worth of Anglo-American, and N$ 5,902 of FirstRand Namibia Ltd on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares were traded resulting in a decrease in share price.
  • SBN Holdings Ltd shares were traded without a decrease  in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 43.50 43.50 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.67 0.67 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.01 12.01 0.00%
Mobile Telecommunication Company MOC 7.51 7.51 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 688.19 667.40 -3.02%
B2Gold Corporation B2G 69.60 69.39 -0.30%
Oceana Group Limited OCG 54.13 54.48 0.65%
Mediclinic International Plc MEP 71.50 70.41 -1.52%
Truworths TRW 52.82 52.83 0.02%
Nedbank Group Limited NBK 205.64 204.61 -0.50%
Standard Bank Group SNB 157.15 157.77 0.39%
Shoprite Holdings SRH 216.25 214.88 -0.63%
FirstRand Limited FST 66.03 64.94 -1.65%
Momentum Metropolitan Holdings MMT 15.90 15.55 -2.20%
Old Mutual Ltd OMM 11.69 11.64 -0.43%
Sanlam Limited SLA 61.25 60.67 -0.95%
Santam Limited SNM 289.33 280.67 -2.99%
Vukile Property Fund Limited VKN 12.78 12.65 -1.02%
Investec Limited IVD 86.65 85.62 -1.19%
PSG Konsult Limited KFS 13.52 13.04 -3.55%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 280.55 282.08 0.55%
New Gold Palladium ETF NGNPLD 318.22 329.46 3.53%
New Gold Platinum ETF N NGNPLT 149.24 149.29 0.03%
New Funds S&P NAM Bond NFNAMA 16.58 16.53 -0.30%

Table 4: ETFs


Exchange Rates  
USD/ZAR 16.12
EUR/ZAR 17.05
GBP/ZAR 19.93
EUR/GBP 0.85
EUR/USD 1.05
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 130.36
Commodities  
Gold 1,862.41
Silver 22.05
Platinum 947.40
Palladium 2,133.27
WTI 101.97
Brent 104.69

Table 5: Exchange Rates and Commodities 


Local News

Construction on phase 2B of the China-aided Hosea Kutako International Airport road officially commerce yesterday. (Namibian Sun)

Namibians breathed a collective sigh of relief as news broke early last night that four ‘missing’ tourists were alive and well after a distress call was received by tourism officials over the weekend (New Era Newspaper)

Court documents provide detailed insight into how 178 weapons such as bombs, AK-47s, grenades, and rockets were allegedly stolen by five police officers in Windhoek (The Namibian)

Sub-Sahara News

The world cannot transition to a low-carbon future without mining, Anglo American's new CEO Duncan Wanblad said in his inaugural speech on Monday.. (News24)

The International Monetary Fund’s executive board on Monday approved a three-year, $456 million extended credit facility arrangement for Mozambique, with about $91 million available for immediate disbursement, the Fund said. (CNBC Africa)

The 15th session of the Conference of Parties (COP15) to the United Nations Convention to Combat Desertification (UNCCD), kicked off on Monday, in the Ivorian capital. (All Africa News)

International News

Tesla Inc halted production at its Shanghai plant on Monday due to issues with supplies, two people familiar with the matter have said. (Aljazeera News)

Australia's central bank raised its key interest rate for the first time in over 11 years as inflation picked up more than expected and the economy strongly weathered the headwinds. (RTT News)

Buildings in Odesa lay in ruins on Tuesday, a day after Kremlin forces pounded the southern Ukrainian port with missiles and Russian President Vladimir Putin led defiant celebrations marking the Soviet's victory over Nazi Germany in World War Two. (Reuters)

Vehicle Sales Report, Namibia: March 2022

Executive summary

  • New vehicle sales increased to 1054 vehicles for March 2022 from 883 vehicles sold in February 2022. See figure 1.
  • An increase in new vehicles sales for February 2022 was mainly driven by high sales of light commercial vehicles, passenger vehicles, and extra heavy  vehicles
  • New Light  commercial vehicle sales increased by 27% in relation to February 2022
  • Passenger vehicle sales increased by 21% in relation to February 2022
  • Extra-heavy commercial vehicles declined by 37% in relation to  February 2022
  • A total of 2642 new vehicles were sold during the first three months of  the year 2022

Analysis

  • On an annual basis, new vehicle sales recorded a growth of 4.15% from the 2.94% growth rate recorded in March 2021, (See figure 2). This came as a result of the high demand for new vehicles augmented by high consumers’ confidence.
  • Light commercial vehicle sales increased to 467 from 366 recorded for February 2022. This was due to expansion in light commercial operations for the country
  • The number of new passenger vehicles sold for March 2022 increased to 529 from 439 vehicles sold in February 2022. This was influenced by the upturn in demand and improvements in individuals' and businesses' confidence  
  • Extra-heavy vehicle sales declined to 31 from 49 from vehicles sold in February 2022. This was influenced by subdued activities for extra heavy commercial operations.

Outlook

  • The overall consumer confidence is on the recovery path although at a very slow pace. This is due to the global economic challenges that pose a risk to economic activities and to the entire transport sector.
  • We project that new vehicle sales will decline in the medium term. This is exacerbated by the recent increase in the Repo rate, which will in turn result in a decline in demand to take up credit to purchase new vehicles. 

Figure 1: Monthly Vehicle Sales (March 2021 – March 2022), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Figure 2: Year on Year, Vehicle sales growth (March 2021-March 2022), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Vehicle Sales Report, Namibia: January 2022

Executive summary

  • New vehicle sales declined to 705 vehicles for January 2022 from 734 vehicles sold in December 2021. See figure 1.
  • A decline in  new vehicles sales for January 2022 was mainly driven by low  sales of light commercial vehicles and extra-heavy  vehicles
  • New Light  commercial vehicle sales declined by 15% when compared to December 2021
  • Extra-heavy commercial vehicles sales declined by 54% in relation to the previous month
  • Passenger vehicle sales increased by 11% when compared to sales made in December 2021

Analysis

  • On an annual basis new vehicle sales recorded a growth of 7.18% from (-17.30%), (See figure 2). This was influenced by improvements in consumers’ confidence
  • Light commercial vehicle sales declined to 266 from 315 recorded in December 2021. This came as a result of subdued commercial activities at the back of the negative impact of the Covid-19 pandemic on consumers' and businesses' spending patterns.
  • The number of new passenger vehicles sold for January 2022 increased to 404 from 362 vehicles sold in December 2021. This was due to minimal improvements in income levels
  • Extra-heavy vehicle sales declined to 15 from 33 vehicles sold in December 2021.  This was influenced by low demand for heavy goods transportation services as a result of logistical disruptions

Outlook

  • We project that new vehicle sales for February 2022 will increase albeit at a very slow pace

Figure 1: Monthly vehicle sales (January 2021-January 2022)

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Figure 2: Year on Year, Vehicle sales growth (January 2021-January 2022), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

New Vehicle Sales Report, Namibia: November 2021

Executive summary

  • New vehicle sales for Namibia increased to 752 for November 2021 from 714 vehicles sold for August 2021. See figure 1
  • An increase in new vehicles sales for November 2021 was driven by high sales of light commercial vehicles and passenger vehicles
  • On a 12 months cumulative basis between November 2020 to November 2021, a total of 10078 new vehicles were sold for Namibia.

Analysis

  • On an annual basis, vehicle sales experienced growth from (-18.80%) to (8.13%). This was due to an improvement in consumers' and businesses' confidence in the market at the back of the impact of the covid-19 pandemic.  See figure 2
  • Light commercial vehicle sales increased to 316 from 295 recorded into 304 from 354 recorded for November  2021 as a consequence of improved light commercial operations
  • Passenger vehicle sales increased to 376 from 340 vehicles sold in October 2021. This came as a result of improvements in income levels.  

Outlook

  • Improvements in the sales of new vehicles indicate that individuals' and businesses' confidence to purchase new vehicles is returning  albeit at a very slow pace
  • We expect new vehicle sales for December 2021 to continue with a modest upward trend.

Figure 1: Monthly Vehicle Sales (November 2020 – November 2021), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Figure 2: Year on Year, Vehicle sales growth rate (November 2020- November 2021), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Report by Monika Kristof

NSX DAILY UPDATE (06 MAY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  52,203  8,751,499 100.00%
ETFs  -    -   0.00%
Total  52,203  8,751,499  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 8,751,499 worth of shares was traded on the NSX on Friday, with about N$  487,694 worth of Anglo-American, and N$ 1,125 of SBN Holdings Ltd on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares were traded resulting in a decrease in share price.
  • SBN Holdings Ltd shares were traded without a decrease  in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 43.50 43.50 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.67 0.67 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.01 12.01 0.00%
Mobile Telecommunication Company MOC 7.50 7.51 0.13%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 703.52 688.19 -2.18%
B2Gold Corporation B2G 69.63 69.60 -0.04%
Oceana Group Limited OCG 54.50 54.13 -0.68%
Mediclinic International Plc MEP 71.20 71.50 0.42%
Truworths TRW 54.29 52.82 -2.71%
Nedbank Group Limited NBK 213.92 205.64 -3.87%
Standard Bank Group SNB 162.61 157.15 -3.36%
Shoprite Holdings SRH 222.19 216.25 -2.67%
FirstRand Limited FST 68.85 66.03 -4.10%
Momentum Metropolitan Holdings MMT 16.01 15.90 -0.69%
Old Mutual Ltd OMM 11.56 11.69 1.12%
Sanlam Limited SLA 62.72 61.25 -2.34%
Santam Limited SNM 295.52 289.33 -2.09%
Vukile Property Fund Limited VKN 13.01 12.78 -1.77%
Investec Limited IVD 89.21 86.65 -2.87%
PSG Konsult Limited KFS 13.76 13.52 -1.74%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 280.79 280.55 -0.09%
New Gold Palladium ETF NGNPLD 340.27 318.22 -6.48%
New Gold Platinum ETF N NGNPLT 150.81 149.24 -1.04%
New Funds S&P NAM Bond NFNAMA 16.71 16.58 -0.78%

Table 4: ETFs


Exchange Rates  
USD/ZAR 16.14
EUR/ZAR 16.96
GBP/ZAR 19.82
EUR/GBP 0.85
EUR/USD 1.05
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 131.06
Commodities  
Gold 1,871.26
Silver 22.20
Platinum 934.75
Palladium 2,035.78
WTI 109.17
Brent 111.88

Table 5: Exchange Rates and Commodities 


Local News

Vice-President Nangolo Mbumba has told graduates that they will live long enough to inherit a country richer than it is now. (Namibian Sun)

A lawyer representing the family of a nine-year-old girl who was run over by a Hardap farmer last week has threatened to sue the police investigator and prosecutors involved in the matter. (New Era Newspaper)

Truck drivers recently mandated Naretu commander in chief Petersen Kambinda to put in motion the nationwide strike. (The Namibian)

Sub-Sahara News

Some of South Africa's biggest companies have pledged millions of rand to help fund a prominent charity's response to deadly floods, highlighting the government's shortcomings when it comes to managing and dispensing relief. (News24)

Britain’s National Crime Agency (NCA) has recovered more than $23 million stolen from Nigeria by the country’s late military dictator Sani Abacha, it said on Thursday, the latest in a series of similar recoveries around the world. (CNBC Africa)

The Department of Water and Sanitation in South Africa has reiterated its call to residents to continue using water sparingly. Communities were also encouraged to report any water leaks and water infrastructure vandalism to local municipalities. (All Africa News)

International News

Taiwan’s government has signaled it will abandon plans to buy advanced anti-submarine helicopters from the United States, saying the price is too high. (Aljazeera News)

European stocks tumbled on Monday, with growth worries and interest rate fears weighing on markets ahead of this week's FOMC meeting. Investors continued to monitor the war in Ukraine as EU leaders work on a Russian oil embargo. (RTT News)

The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. (Reuters)

NSX DAILY UPDATE (05 MAY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  18,630  259,673 100.00%
ETFs  -    -   0.00%
Total  18,630  259,673  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 259,673 worth of shares was traded on the NSX on Thursday, with about N$ 207,455 worth of FirstRand Namibia Ltd, and N$ 52,218 of SBN Holdings Ltd on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • FirstRand Namibia Ltd shares were traded however it did not have any effect on the share price
  • SBN Holdings Ltd shares were traded without a decrease  in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 43.50 43.50 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.67 0.67 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.01 12.01 0.00%
Mobile Telecommunication Company MOC 7.52 7.52 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 700.00 703.52 0.50%
B2Gold Corporation B2G 68.20 69.63 2.10%
Oceana Group Limited OCG 54.00 54.50 0.93%
Mediclinic International Plc MEP 71.43 71.20 -0.32%
Truworths TRW 54.46 54.29 -0.31%
Nedbank Group Limited NBK 215.33 213.92 -0.65%
Standard Bank Group SNB 164.78 162.61 -1.32%
Shoprite Holdings SRH 219.23 222.19 1.35%
FirstRand Limited FST 69.00 68.85 -0.22%
Momentum Metropolitan Holdings MMT 16.15 16.01 -0.87%
Old Mutual Ltd OMM 12.15 11.56 -4.86%
Sanlam Limited SLA 64.46 62.72 -2.70%
Santam Limited SNM 300.38 295.52 -1.62%
Vukile Property Fund Limited VKN 13.02 13.01 -0.08%
Investec Limited IVD 91.02 89.21 -1.99%
PSG Konsult Limited KFS 13.73 13.76 0.22%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 275.74 280.79 1.83%
New Gold Palladium ETF NGNPLD 345.99 340.27 -1.65%
New Gold Platinum ETF N NGNPLT 166.45 150.81 -9.40%
New Funds S&P NAM Bond NFNAMA 16.49 16.71 1.33%

Table 4: ETFs


Exchange Rates  
USD/ZAR 16.05
EUR/ZAR 16.89
GBP/ZAR 19.83
EUR/GBP 0.85
EUR/USD 1.05
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 130.67
Commodities  
Gold 1,878.40
Silver 22.43
Platinum 945.60
Palladium 2,168.02
WTI 108.80
Brent 111.46

Table 5: Exchange Rates and Commodities 


Local News

President Hage Geingob yesterday accused young people of harboring racist and tribalist traits, urging them to forge for unity of purpose in order to attain their generational mission. (Namibian Sun)

Namibian consumers have to tighten their belts even further this winter, as electricity prices are going to increase from 1 July 2022. (New Era Newspaper)

Truck drivers recently mandated Naretu commander in chief Petersen Kambinda to put in motion the nationwide strike. (The Namibian)

Sub-Sahara News

Transnet is in "free fall" and it is throttling investment and will ultimately cause mines to close, industry leaders have warned. (News24)

Africa’s top public health body urged all those purchasing COVID-19 vaccines for the continent to place orders with South Africa’s Aspen Pharmacare APNJ.J, saying the market was key to developing vaccine manufacturing on the continent. (CNBC Africa)

As of May 5, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,540,181 while over  294,169,448 vaccinations have been administered across the continent.. (All Africa News)

International News

Taiwan’s government has signaled it will abandon plans to buy advanced anti-submarine helicopters from the United States, saying the price is too high. (Aljazeera News)

European stock markets are expected to trade cautiously on Friday as a slew of data releases across the bloc update investors on the economic growth, price patterns, and economic activity. (RTT News)

Philippine voters head to the polls on Monday in a presidential election shaping up as a rematch between the son and namesake of the country's late dictator and the human rights lawyer who narrowly beat him in the 2016 vice presidential contest. (Reuters)

NSX DAILY UPDATE (04 MAY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  13,440.00  1,096,952.00 100.00%
ETFs  -    -   0.00%
Total  13,440.00  1,096,952.00  100.00

Table 1: NSX Trades


NSX Activities

A total of N$ 1,096,952.00 worth of shares was traded on the NSX on Wednesday, with about N$   273,715 worth of Anglo-American plc, and N$   29,313 of Shoprite Holdings, and no activity on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American plc share price reduced as sell-off trend develops in the mining sector
  • Shoprite Holdings shares were traded resulting in a decrease in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 43.50 43.50 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.67 0.67 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.01 12.01 0.00%
Mobile Telecommunication Company MOC 7.52 7.52 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 711.38 700.00 -1.60%
B2Gold Corporation B2G 67.34 68.20 1.28%
Oceana Group Limited OCG 55.00 54.00 -1.82%
Mediclinic International Plc MEP 72.90 71.43 -2.02%
Truworths TRW 56.60 54.46 -3.78%
Nedbank Group Limited NBK 219.08 215.33 -1.71%
Standard Bank Group SNB 165.15 164.78 -0.22%
Shoprite Holdings SRH 224.42 219.23 -2.31%
FirstRand Limited FST 67.47 69.00 2.27%
Momentum Metropolitan Holdings MMT 16.60 16.15 -2.71%
Old Mutual Ltd OMM 12.22 12.15 -0.57%
Sanlam Limited SLA 64.50 64.46 -0.06%
Santam Limited SNM 294.18 300.38 2.11%
Vukile Property Fund Limited VKN 13.12 13.02 -0.76%
Investec Limited IVD 92.58 91.02 -1.69%
PSG Konsult Limited KFS 13.65 13.73 0.59%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 277.18 275.74 -0.52%
New Gold Palladium ETF NGNPLD 347.68 345.99 -0.49%
New Gold Platinum ETF N NGNPLT 117.08 166.45 42.17%
New Funds S&P NAM Bond NFNAMA 15.91 16.49 3.65%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.52
EUR/ZAR 16.47
GBP/ZAR 19.49
EUR/GBP 0.84
EUR/USD 1.06
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 129.36
Commodities  
Gold 1,901.97
Silver 23.20
Platinum 990.76
Palladium 2,258.00
WTI 108.66
Brent 111.13

Table 5: Exchange Rates and Commodities 


Local News

About 100 construction workers may lose their jobs unless the government keeps its promise to pay N$100 million by tomorrow for the Windhoek- Okahandja dual carriageway. (Namibian Sun)

Over 100 war veterans, who received between N$ 2,500 to N$ 5,000 monthly, are setting up camp to force the government to increase their allowance. (New Era Newspaper)

Truck drivers recently mandated Naretu commander in chief Petersen Kambinda to put in motion the nationwide strike. (The Namibian)

Sub-Sahara News

Some international airlines whose suppliers still cannot guarantee enough jet fuel supplies at OR Tambo International Airport currently have to detour via Durban or even Windhoek to refuel. (News24)

Inflation in South Africa is set to rise to 8% this year, overshooting the central bank’s target amid the global impact of the Ukraine conflict and rising U.S. interest rates, credit rating agency Moody’s forecast in a report on Wednesday. (CNBC Africa)

Local officials and security sources have said that Al-Shabaab fighters stormed an African Union military base in the village of El-Baraf in Somalia's Middle Shabelle region on May 3, 2022. (All Africa News)


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