Year: 2022




NSX DAILY UPDATE (28 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  348,839  14,991,032 100.00%
ETFs  -    -   0.00%
Total  348,839  14,991,032  100.00%

Table 1: NSX Trades

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NSX Activities

A total of N$ 14,991,032 worth of shares was traded on the NSX on Thursday with about N$  1,923,667  worth of Anglo-American plc, and N$  255,055  of FirstRand Namibia Ltd on the home front. No ETFs were traded on Thursday.

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
  • On the NSX local listing, FirstRand Namibia shares were were traded without a change in share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.01 43.50 8.72%
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


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Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 658.41 687.05 4.35%
B2Gold Corporation B2G 67.04 66.04 -1.49%
Oceana Group Limited OCG 54.40 55.00 1.10%
Mediclinic International Plc MEP 75.02 75.40 0.51%
Truworths TRW 56.67 55.75 -1.62%
Nedbank Group Limited NBK 217.22 221.56 2.00%
Standard Bank Group SNB 168.02 169.68 0.99%
Shoprite Holdings SRH 231.06 232.69 0.71%
FirstRand Limited FST 68.30 69.22 1.35%
Momentum Metropolitan Holdings MMT 16.53 16.49 -0.24%
Old Mutual Ltd OMM 12.19 12.38 1.56%
Sanlam Limited SLA 68.32 68.54 0.32%
Santam Limited SNM 288.13 291.64 1.22%
Vukile Property Fund Limited VKN 13.32 13.25 -0.53%
Investec Limited IVD 94.85 95.54 0.73%
PSG Konsult Limited KFS 13.70 13.45 -1.82%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 282.13 283.56 0.51%
New Gold Palladium ETF NGNPLD 338.87 348.84 2.94%
New Gold Platinum ETF N NGNPLT 141.00 142.28 0.91%
New Funds S&P NAM Bond NFNAMA 16.31 16.38 0.43%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.88
EUR/ZAR 16.73
GBP/ZAR 19.88
EUR/GBP 0.84
EUR/USD 1.06
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 130.51
Commodities  
Gold 1,907.04
Silver 23.41
Platinum 912.65
Palladium 2,191.77
WTI 102.08
Brent 105.21

Table 5: Exchange Rates and Commodities 


Local News

No much further rain is expected countrywide in the morning weeks, although it is possible for the southern parts of Namibia to receive light showers in the second week of May from the frontal system bringing cloudy and cooler conditions. (Namibian Sun)

With the winter season upon us, President Hage Geingob has once againg called on Namibians who are unvaccinated to get their Covid-19 shots against the deadly virus. (New Era Newspaper)

State house has defended remarks by the president Hage Geingob, including the head of state telling those involved in traditional disputes “don’t go to white courts”.(The Namibian)

Sub-Sahara News

Eskom's performance is deteriorating, giving rise to fears that the company cannot be saved. But, as Carol Paton writes,  it is too big to fail, and taxpayers and consumers will have to pay to save it. (News24)

Africa is seeing an uptick in COVID-19 infections, largely driven by a doubling in cases reported in South Africa, the World Health Organization said on Thursday, urging people across the continent to continue to get vaccinated. (CNBC Africa)

The government signed an U.S.$80 million deal with coffee firm Uganda Vinci Coffee Company Limited (UVCC), to establish a coffee processing plant at Namanve industrial park. The deal - signed by company director Enrica Pinetti - led a parliamentary committee investigation after several irregularities were discovered. (All Africa News)

International News

Elon Musk’s $44bn bid to buy Twitter puts the world’s richest man in the crosshairs of censorship-prone governments such as China and India, raising questions about how the Tesla CEO might respond to demands to stifle dissent in countries where he does business. (Aljazeera News)

Asian stocks slumped on Friday, pressured by strength in U.S. Treasury yields amid hawkish Federal Reserve bets. (RTT News)

Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said. (Reuters)

ROOMS AND BEDS OCCUPANCY RATES FOR NAMIBIA (FIRST QUARTER)

Background


The room and bed occupancy rates serve as a proxy for Namibia’s tourism sector. This indicates the demand for accommodation services in the country. The Covid-19 restrictions and lockdown measures imposed during the year 2020 to contain the spread of Covid-19  negatively affected the demand for accommodation services resulting in historically low occupancy rates for Namibia. Figure 1 below depicts national rooms and beds occupancy rates pre-Covid-19 and during the Covid-19 pandemic.

Additionally, in the first quarter of 2022, the statistics indicate that the demand for accommodation services has improved during the first quarter of 2022. The improvement was influenced by the relaxation of Covid-19 travel regulations which has created a more permitting atmosphere for visitors.

Figure 1: Rooms and beds occupancy rates, Namibia (2019-2022Q1)


Source: H.A.N & HEI RESEARCH


Outlook


There are green shots on the horizon for the revival of Namibia’s tourism industry and the demand for accommodation services for the year 2022. The positive outlook is reflected by a high demand for accommodation services that has driven GDP growth for the category of Hotel cafés and restaurants and improvements in the number of international arrivals during the first 3 months of the year 2022.

NSX DAILY UPDATE (26 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  1,020,934  18,306,865 100.00%
ETFs  -    -   0.00%
Total  1,020,934  18,306,865  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 18,306,865 worth of shares was traded on the NSX on Tuesday, with about N$ 217,860 worth of Shoprite Holdings, and N$ 126,510 of Letshego Holdings (Namibia) Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Shoprite Holdings  share price reduced as sell-off trend develops in the retail sector
  • On the NSX local listing, Letshego Holdings (Namibia) Ltd shares were bought with a decline in share price
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.01 40.01 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 30.04 29.51 -1.76%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.21 10.21 0.00%
Letshego LHN 2.51 2.50 -0.40%
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 7.54 7.52 -0.27%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


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Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 651.00 658.41 1.14%
B2Gold Corporation B2G 70.13 67.04 -4.41%
Oceana Group Limited OCG 55.68 54.40 -2.30%
Mediclinic International Plc MEP 75.04 75.02 -0.03%
Truworths TRW 55.23 56.67 2.61%
Nedbank Group Limited NBK 217.13 217.22 0.04%
Standard Bank Group SNB 168.60 168.02 -0.34%
Shoprite Holdings SRH 232.80 231.06 -0.75%
FirstRand Limited FST 67.85 68.30 0.66%
Momentum Metropolitan Holdings MMT 16.70 16.53 -1.02%
Old Mutual Ltd OMM 12.11 12.19 0.66%
Sanlam Limited SLA 67.60 68.32 1.07%
Santam Limited SNM 282.14 288.13 2.12%
Vukile Property Fund Limited VKN 13.28 13.32 0.30%
Investec Limited IVD 95.60 94.85 -0.78%
PSG Konsult Limited KFS 13.41 13.70 2.16%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 275.72 282.13 2.32%
New Gold Palladium ETF NGNPLD 328.19 338.87 3.25%
New Gold Platinum ETF N NGNPLT 139.91 141.00 0.78%
New Funds S&P NAM Bond NFNAMA 16.30 16.31 0.06%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.82
EUR/ZAR 16.85
GBP/ZAR 19.93
EUR/GBP 0.84
EUR/USD 1.06
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 127.72
Commodities  
Gold 1,898.25
Silver 23.77
Platinum 912.65
Palladium 2,191.77
WTI 102.08
Brent 105.21

Table 5: Exchange Rates and Commodities 


Local News

The Namibia Agricultural Union (NAU) says the proposed bill on the regulation of foreign ownership of land in Namibia by the Affirmative Repositioning (AR) movement. (Namibian Sun)

Students at the University of Namibia’s  Ogongo Campus are devastated as months and sometimes years pass with no lecturers for some subjects on campus. (New Era Newspaper)

City of Windhoek executives are against a proposal by a private company that cheaply bought a N$ 10 million plot from the council in 2016 to sell it on to a state-owned agency- warning that could set a dangerous precedent. (The Namibian)

Sub-Sahara News

Funding for South Africa's just energy transition should not negatively impact the country's fiscal position and borrowing programmes, says Daniel Mminele, head of the Presidential Climate Finance Task Team. (News24)

Zambian President Hakainde Hichilema thanked China on Monday for joining international efforts to help his country to restructure its debt after China committed to joining Zambia’s creditor committee at International Monetary Fund meetings last week. (CNBC Africa)

Sasol, the producer of fuel products and chemicals from coal, has said the impact of the KwaZulu-Natal floods may affect its fourth-quarter volume outlook. The firm has also declared a force majeure on the export of some chemicals products. (All Africa News)

International News

Polish and Bulgarian officials say Russia is cutting off gas deliveries to their countries after their refusal to pay in Russian roubles, a demand made by President Vladimir Putin as the West tightened sanctions over the war in Ukraine. (Aljazeera News)

European bourses are expected to open on a cautious note on Wednesday as sentiments remain weak amidst worries of a global slowdown and pain-points from the war in Eastern Europe. (RTT News)

The second round of COVID-19 testing in Beijing's largest district began on Wednesday, with this week's campaign to screen most of the Chinese capital's 22 million residents so far detecting less than three dozen new infections a day. (Reuters)

NSX DAILY UPDATE (25 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  252,529  32,299,291 100.00%
ETFs  -    -   0.00%
Total  252,529  32,299,291  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 32,299,291 worth of shares was traded on the NSX on Monday, with about N$  15,193,413 worth of Anglo-American plc, N$  1,437,780 worth of Shoprite Holdings, and N$  86,502 of Namibia Breweries on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s share price reduced as the sell-off trend develops in the mining index on the stock market.
  • Shares belonging to Shoprite Holdings were bought in spite of market conditions intensity.
  • On the NSX local listing, Namibia Breweries Ltd shares were bought without a change in share price
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.00 40.01 0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 30.04 30.04 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 2.51 0.40%
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 7.53 7.53 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


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Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 703.47 651.00 -7.46%
B2Gold Corporation B2G 72.22 70.13 -2.89%
Oceana Group Limited OCG 56.00 55.68 -0.57%
Mediclinic International Plc MEP 75.63 75.04 -0.78%
Truworths TRW 55.72 55.23 -0.88%
Nedbank Group Limited NBK 222.74 217.13 -2.52%
Standard Bank Group SNB 170.94 168.60 -1.37%
Shoprite Holdings SRH 238.97 232.80 -2.58%
FirstRand Limited FST 69.57 67.85 -2.47%
Momentum Metropolitan Holdings MMT 16.89 16.70 -1.12%
Old Mutual Ltd OMM 12.39 12.11 -2.26%
Sanlam Limited SLA 69.26 67.60 -2.40%
Santam Limited SNM 292.00 282.14 -3.38%
Vukile Property Fund Limited VKN 13.40 13.28 -0.90%
Investec Limited IVD 99.12 95.60 -3.55%
PSG Konsult Limited KFS 13.48 13.41 -0.52%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 282.29 275.72 -2.33%
New Gold Palladium ETF NGNPLD 365.00 328.19 -10.08%
New Gold Platinum ETF N NGNPLT 141.14 139.91 -0.87%
New Funds S&P NAM Bond NFNAMA 16.32 16.30 -0.12%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.70
EUR/ZAR 16.84
GBP/ZAR 20.08
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.38
AUD/USD 0.71
USD/JPY 127.95
Commodities  
Gold 1,905.75
Silver 23.77
Platinum 915.30
Palladium 2,175.50
WTI 99.22
Brent 103.03

Table 5: Exchange Rates and Commodities 


ARRIVALS REPORT, MARCH 2022

Hosea Kutako International Airport arrivals increased to 18 496 for March 2022 from 12 678 recorded during the same period last year. International arrivals improved significantly and were influenced by the reopening of the majority of the borders that were closed to contain the spread of the Covid-19 pandemic.

The outlook remains uncertain, this is due to the continuous surge in fuel prices globally, global political strive, and Covid-19. This will lead to moderate travelers' confidence and as a consequence, the number of international arrivals could take a while before returning to pre-Covid numbers.

Figure 1: Monthly HKIA Arrivals, Namibia (March 2021-March 2022)


Source: NAC &HEI RESEARCH

NSX DAILY UPDATE (22 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  683,314  45,105,635 100.00%
ETFs  -    -   0.00%
Total  683,314  45,105,635  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 45,105,635 worth of shares was traded on the NSX on Friday, with about N$ 1,961,750 worth of Anglo-American plc, N$ 154,246 worth of Shoprite Holdings, and N$  148,557 of Namibia Breweries on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s share price reduced as sell-off trend develops in the mining index on the stock market.
  • Shares belonging to Shoprite Holdings were bought in spite of market conditions intensity.
  • On the NSX local listing, Namibia Breweries Ltd shares were bought resulting in an increase in share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.00 40.01 0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 30.04 30.04 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 2.51 0.40%
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 7.53 7.53 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 740.07 703.47 -4.95%
B2Gold Corporation B2G 72.57 72.22 -0.48%
Oceana Group Limited OCG 56.00 56.00 0.00%
Mediclinic International Plc MEP 76.81 75.63 -1.54%
Truworths TRW 55.39 55.72 0.60%
Nedbank Group Limited NBK 221.28 222.74 0.66%
Standard Bank Group SNB 170.36 170.94 0.34%
Shoprite Holdings SRH 235.10 238.97 1.65%
FirstRand Limited FST 69.53 69.57 0.06%
Momentum Metropolitan Holdings MMT 16.62 16.89 1.62%
Old Mutual Ltd OMM 12.29 12.39 0.81%
Sanlam Limited SLA 69.29 69.26 -0.04%
Santam Limited SNM 295.02 292.00 -1.02%
Vukile Property Fund Limited VKN 13.38 13.40 0.15%
Investec Limited IVD 100.11 99.12 -0.99%
PSG Konsult Limited KFS 13.75 13.48 -1.96%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 278.86 282.29 1.23%
New Gold Palladium ETF NGNPLD 364.18 365.00 0.23%
New Gold Platinum ETF N NGNPLT 144.59 141.14 -2.39%
New Funds S&P NAM Bond NFNAMA 16.43 16.32 -0.67%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.69
EUR/ZAR 16.90
GBP/ZAR 20.09
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.30
AUD/USD 0.71
USD/JPY 128.53
Commodities  
Gold 1,917.30
Silver 23.77
Platinum 921.05
Palladium 2,294.27
WTI 98.72
Brent 102.71

Table 5: Exchange Rates and Commodities 


Local News

The Namibia Agricultural Union (NAU) says the proposed bill on the regulation of foreign ownership of land in Namibia by the Affirmative Repositioning (AR) movement. (Namibian Sun)

Works minister John Mutorwa says his ministry is facing a N$ 57 million budget shortfall to pay for office accommodation to ensure government institutions have facilities to operate from.  (New Era Newspaper)

The government has been criticized for its non-essential expenses, including on safety and security, while compromising key issues such as poverty eradication and job creation. (The Namibian)

Sub-Sahara News

Zimbabwean President Emmerson Mnangagwa said banks and companies involved in local currency manipulation and unjustifiable increases in the prices of goods and services could lose their operating licenses, according to a report by a state media outlet. (News24)

The seven countries of the East African Community (EAC) have agreed to set up a regional military force to try to end decades of bloodshed caused by militant activity in the eastern Democratic Republic of Congo, Kenya said. (CNBC Africa)

Bamako — Six soldiers are dead and 20 wounded after Malian Army bases in the central cities of Sévaré, Niono, and Bapho were simultaneously attacked this morning by suspected terrorists. (All Africa News)

International News

French President Emmanuel Macron has won a second term in office, defeating his far-right rival Marine Le Pen by a comfortable margin in a runoff election. (Aljazeera News)

Asian stocks fell broadly on Monday due to inflation worries and a deepening crisis in Ukraine. (RTT News)

Beijing kicked off three rounds of COVID-19 testing for all residents of its biggest district Chaoyang on Monday after dozens of cases were reported, prompting people to stock up on food over fears of an eventual strict Shanghai-style lockdown. (Reuters)

NSX DAILY UPDATE (21 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  1,361,720  72,146,453 100.00%
ETFs  -    -   0.00%
Total  1,361,720  72,146,453  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 72,146,453 worth of shares was traded on the NSX on Thursday, with about N$ 11,728,036 worth of Anglo-American plc, N$    2,001,095 worth of Shoprite Holdings and N$  132,400  of Namibia Breweries on the home front. No ETFs were traded on Thursday

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s  share price reduced as sell-off trend develops in the mining index on the stock market.
  • Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
  • On the NSX local listing, Namibia Breweries Ltd shares were sold off by market participants.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.01 40.00 -0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 30.04 30.04 0.00%
Standard Bank Namibia SNO 4.51 4.50 -0.22%
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 7.53 7.53 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 792.00 740.07 -6.56%
B2Gold Corporation B2G 72.57 72.57 0.00%
Oceana Group Limited OCG 56.36 56.00 -0.64%
Mediclinic International Plc MEP 75.08 76.81 2.30%
Truworths TRW 56.35 55.39 -1.70%
Nedbank Group Limited NBK 221.84 221.28 -0.25%
Standard Bank Group SNB 165.59 170.36 2.88%
Shoprite Holdings SRH 237.30 235.10 -0.93%
FirstRand Limited FST 67.98 69.53 2.28%
Momentum Metropolitan Holdings MMT 17.00 16.62 -2.24%
Old Mutual Ltd OMM 12.09 12.29 1.65%
Sanlam Limited SLA 68.45 69.29 1.23%
Santam Limited SNM 295.00 295.02 0.01%
Vukile Property Fund Limited VKN 13.63 13.38 -1.83%
Investec Limited IVD 98.40 100.11 1.74%
PSG Konsult Limited KFS 14.30 13.75 -3.85%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 274.67 278.86 1.53%
New Gold Palladium ETF NGNPLD 355.68 364.18 2.39%
New Gold Platinum ETF N NGNPLT 143.82 144.59 0.54%
New Funds S&P NAM Bond NFNAMA 16.43 16.43 0.00%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.41
EUR/ZAR 16.72
GBP/ZAR 20.08
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.30
AUD/USD 0.74
USD/JPY 127.83
Commodities  
Gold 1,956.00
Silver 24.64
Platinum 967.80
Palladium 2,428.02
WTI 102.53
Brent 107.02

Table 5: Exchange Rates and Commodities 


Local News

A total of 96,139 births were registered last year, while 17,353 people died and more than 5,000 new marriages were registered in Namibia during the same period. (Namibian Sun)

The Ministry of Mines and Energy said that consultations are ongoing on how to potentially reduce fuel levies or taxes to provide some reprieve to Namibian consumers.  (New Era Newspaper)

National Petroleum Corporation of Namibia (Namcor) managing director Immanuel Mulunga says the country in 2014 missed out on a massive opportunity to commercialise the Kudu gas project. (The Namibian)

Sub-Sahara News

In a province which relies heavily on tourism, the pre-Easter holiday season floods could not have come at a worse time, particularly on the back of the July 2021 riots which left more than 300 people dead, nearly two million people unemployed and more than R50 billion "wiped off the economy", in the words of President Cyril Ramaphosa. (News24)

Zambia’s debt restructuring process has “stalled” as it awaits the formation of a creditor committee, Finance Minister Situmbeko Musokotwane said on Thursday at the International Monetary Fund (IMF) Spring Meetings. (CNBC Africa)

As of April 21, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,468,994 while over 282,593,552 vaccinations have been administered across the continent. (All Africa News)

International News

North Korean leader Kim Jong Un exchanged friendly letters with outgoing South Korean President Moon Jae-in this week, in what North Korean state media described as a rare moment of positive news for both countries. (Aljazeera News)

After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April. (RTT News)

North Korean leader Kim Jong Un has thanked South Korea's outgoing president for trying to improve relations, a rare gesture of goodwill but one that analysts said may not be enough to head off growing tension between the two Koreas. (Reuters)

NSX DAILY UPDATE (20 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  7,023,134  192,058,909 99.67%
ETFs  2,351  642,528 0.33%
Total  7,025,485  192,701,437  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 192,058,909 worth of shares was traded on the NSX on Wednesday, with about N$ 15,141,604 worth of Mediclinic International, N$   17,910,195 worth of Shoprite Holdings and N$ 8,782,195 of Namibia Breweries on the home front. ETFs worth N$ 642,528 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Mediclinic International, share price increased in price at closing
  • Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
  • On the NSX local listing, Namibia Breweries Ltd shares were bought by market participants.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.00 40.01 0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.30 13.30 0.00%
First Rand Namibia FNB 30.05 30.04 -0.03%
Standard Bank Namibia SNO 4.50 4.51 0.22%
Oryx Limited ORY 10.20 10.21 0.10%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.66 0.67 1.52%
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 7.53 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 804.44 792.00 -1.55%
B2Gold Corporation B2G 73.08 72.57 -0.70%
Oceana Group Limited OCG 56.75 56.36 -0.69%
Mediclinic International Plc MEP 74.62 75.08 0.62%
Truworths TRW 55.95 56.35 0.71%
Nedbank Group Limited NBK 225.31 221.84 -1.54%
Standard Bank Group SNB 168.50 165.59 -1.73%
Shoprite Holdings SRH 234.06 237.30 1.38%
FirstRand Limited FST 69.99 67.98 -2.87%
Momentum Metropolitan Holdings MMT 16.68 17.00 1.92%
Old Mutual Ltd OMM 12.33 12.09 -1.95%
Sanlam Limited SLA 69.25 68.45 -1.16%
Santam Limited SNM 290.50 295.00 1.55%
Vukile Property Fund Limited VKN 13.48 13.63 1.11%
Investec Limited IVD 96.55 98.40 1.92%
PSG Konsult Limited KFS 14.00 14.30 2.14%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 272.99 274.67 0.62%
New Gold Palladium ETF NGNPLD 343.53 355.68 3.54%
New Gold Platinum ETF N NGNPLT 142.52 143.82 0.91%
New Funds S&P NAM Bond NFNAMA 16.48 16.43 -0.30%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.07
EUR/ZAR 16.35
GBP/ZAR 19.67
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.30
AUD/USD 0.74
USD/JPY 128.17
Commodities  
Gold 1,953.70
Silver 25.15
Platinum 983.35
Palladium 2,442.02
WTI 103.51
Brent 108.25

Table 5: Exchange Rates and Commodities 


Local News

Lawyer Sisa Namandje yesterday confirmed he has been instructed by his client, Belgian company Challenger Air, to approach the High Court with a bid to liquidate TransNamib. (Namibian Sun)

Namibia should not be apologetic for having discovered oil, but the country should ensure it derives maximum benefit from it.  (New Era Newspaper)

National Petroleum Corporation of Namibia (Namcor) managing director Immanuel Mulunga says the country in 2014 missed out on a massive opportunity to commercialise the Kudu gas project. (The Namibian)

Sub-Sahara News

The South African Civil Aviation Authority (SACAA) is growing increasingly concerned about the number of air safety incidents and accidents in the country. (News24)

Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could mean an end to the rampant practice of borrowing a family member’s or friend’s — or loose acquaintance’s — login information. (CNBC Africa)

As of April 20, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,465,800 while over 282,567,569 vaccinations have been administered across the continent. (All Africa News)

International News

Cut off from international payments systems by Western-led sanctions, Russia has turned to China to obtain the microchips it needs to meet surging demand for its domestic bank cards. (Aljazeera News)

Asian stocks advanced on Thursday, as a retreat in U.S. Treasury yields helped push rate-sensitive tech stocks higher and China pledged measures to cushion the damage to the economy due to the stringent lockdown measures imposed in Shanghai and elsewhere. (RTT News)

In a show of strength two months into its assault on Ukraine, Russia test-launched a new nuclear-capable intercontinental ballistic missile which President Vladimir Putin said on Wednesday would make Moscow's enemies stop and think. (Reuters)

NSX DAILY UPDATE (19 APRIL 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  4,559,439  166,121,780 99.36%
ETFs  7,300  1,064,307 0.64%
Total  4,566,739  167,186,087  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 48,151,066 worth of shares was traded on the NSX on Tuesday, with about N$ 2,007,820 worth of Anglo-American plc, N$ 557,422  worth of Shoprite Holdings and N$ 7,980,000  of Capricorn Group on the home front. ETFs worth N$ 1,064,307 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price increased in price at closing
  • Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
  • On the NSX local listing, Capricorn Group shares were allotted by subscribers.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 40.00 40.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.15 13.30 1.14%
First Rand Namibia FNB 29.51 30.05 1.83%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.20 10.20 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.66 0.66 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 796.60 804.44 0.98%
B2Gold Corporation B2G 71.70 73.08 1.92%
Oceana Group Limited OCG 57.00 56.75 -0.44%
Mediclinic International Plc MEP 73.66 74.62 1.30%
Truworths TRW 54.59 55.95 2.49%
Nedbank Group Limited NBK 220.18 225.31 2.33%
Standard Bank Group SNB 166.59 168.50 1.15%
Shoprite Holdings SRH 233.12 234.06 0.40%
FirstRand Limited FST 69.88 69.99 0.16%
Momentum Metropolitan Holdings MMT 16.90 16.68 -1.30%
Old Mutual Ltd OMM 12.23 12.33 0.82%
Sanlam Limited SLA 68.61 69.25 0.93%
Santam Limited SNM 288.56 290.50 0.67%
Vukile Property Fund Limited VKN 13.54 13.48 -0.44%
Investec Limited IVD 93.55 96.55 3.21%
PSG Konsult Limited KFS 13.45 14.00 4.09%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 271.25 272.99 0.64%
New Gold Palladium ETF NGNPLD 332.36 343.53 3.36%
New Gold Platinum ETF N NGNPLT 139.14 142.52 2.43%
New Funds S&P NAM Bond NFNAMA 16.53 16.48 -0.30%

Table 4: ETFs


Exchange Rates  
USD/ZAR 14.97
EUR/ZAR 16.19
GBP/ZAR 19.50
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.30
AUD/USD 0.74
USD/JPY 128.69
Commodities  
Gold 1,941.95
Silver 25.07
Platinum 977.20
Palladium 2,395.02
WTI 102.62
Brent 107.82

Table 5: Exchange Rates and Commodities 


Local News

The Business Rescue Task Force (BRTF) has recommended an amendment to the insolvency Act to help struggling businesses from collapse, while the development of a business rescue fund was also proposed. (Namibian Sun)

The Anti-Corruption Commission has entered the fray in the parliament corruption scandal that broke over the Easter weekend. (New Era Newspaper)

A parliamentary standing committee on natural resources prematurely ended a meeting with the Ministry of Agriculture, Water and Land Reform after its officials failed to study an Affirmative Repositioning (AR) movement’s foreign land ownership petition. (The Namibian)

Sub-Sahara News

Matshela Koko, a former Eskom CEO who left the company under a cloud in 2018, has lost in court for the third time running as he tried to justify his punitive litigation against a member of the public who called him a crook on social media. (News24)

African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday. (CNBC Africa)

The conditions of nearly 90% of the International Monetary Fund's pandemic-related loans are forcing developing nations suffering some of the world's worst humanitarian crises to implement austerity measures that fuel further impoverishment and inequality. (All Africa News)

International News

When Chinese Premier Li Keqiang called for a “sense of urgency” about growing economic risks during a meeting with provincial officials earlier this week, it was his third such warning in days. (Aljazeera News)

China's exports grew more than expected in March and imports logged an unexpected fall largely due to the lockdown and supply chain disruptions, official data revealed on Wednesday. (RTT News)

Shanghai reported on Wednesday no new cases of COVID-19 outside quarantined areas in two districts, raising hopes that the tide was turning in its battle against the epidemic, with some factories around the city making a gradual return to work. (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 March 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 elevated demand for new vehicles augmented by an upturn in consumers’ confidence
  • Light commercial vehicle sales increased to 467 from 366 recorded for February 2022. This could have been driven by an adjustment in preference for 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 is an indication that individuals’ and businesses’ confidence could be returning  
  • Extra-heavy vehicle sales declined to 31 from 49 vehicles sold in February 2022. This can be attributed to subdued activities for extra heavy commercial operations.

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

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 the entire transport sector.
  • We project that new vehicle sales will moderate 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. 

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