Year: 2022

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	7,752,183	389,725,466	99.94%
ETFs	1,062	221,656	0.06%
Total	7,753,245	389,947,122	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 389,725,466 worth of shares was traded on the NSX on Monday, with about N$  18,110,935 worth of Anglo-American, N$  203,530 worth of Shoprite Holdings and N$ 60,332 of Namibia Breweries on the home front. ETFs worth N$ 221,656 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to Shoprite Holdings increased in share price
• On the NSX local listing, Namibia Breweries shares were traded  by market participants, with a decrease in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	44.99	-0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	14.00	13.89	-0.79%
First Rand Namibia	FNB	29.50	29.51	0.03%
Standard Bank Namibia	SNO	5.00	5.00	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	781.81	782.68	0.11%
B2Gold Corporation	B2G	67.09	69.12	3.03%
Oceana Group Limited	OCG	57.21	57.82	1.07%
Mediclinic International Plc	MEP	68.90	68.10	-1.16%
Truworths	TRW	58.14	58.28	0.24%
Nedbank Group Limited	NBK	237.00	232.61	-1.85%
Standard Bank Group	SNB	183.19	182.01	-0.64%
Shoprite Holdings	SRH	235.24	235.55	0.13%
FirstRand Limited	FST	77.06	76.70	-0.47%
Momentum Metropolitan Holdings	MMT	17.29	17.50	1.21%
Old Mutual Ltd	OMM	14.00	13.85	-1.07%
Sanlam Limited	SLA	72.13	71.05	-1.50%
Santam Limited	SNM	290.13	295.55	1.87%
Vukile Property Fund Limited	VKN	14.00	13.75	-1.79%
Investec Limited	IVD	98.99	101.00	2.03%
PSG Konsult Limited	KFS	13.00	13.15	1.15%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	264.46	263.84	-0.23%
New Gold Platinum ETF N	NGNPLT	324.84	324.92	0.02%
New Funds S&P NAM Bond	NFNAMA	141.47	139.67	-1.27%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.56
EUR/ZAR	15.98
GBP/ZAR	19.12
EUR/GBP	0.846
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.76
USD/JPY	122.46
Commodities
Gold	1,930.40
Silver	24.71
Platinum	990.05
Palladium	2,298.02
WTI	104.64
Brent	109.00

Table 5: Exchange Rates and Commodities 

Local News

Following Air Namibia’s liquidation, Challenge Air has now set it’s sights on TransNamib to recover the money it is owed. (Namibian Sun)

A new iron ore mine in the Dordabis area owned by private investors is expected to be operational by the fourth quarter of 2024. (New Era Newspaper)

Three agricultural projects in northern Namibia are at a stand-still the last harvest season in October 2021, due to financial constaints, said acting manager of the Agricultural Business Development Agency (Agribusdev), Berfine Antindi. (The Namibian)

Sub-Sahara News

Storied venture firm Sequoia Capital has named a new leader. Roelof Botha (48) will become the senior steward of the firm. (News24)

In Africa, the economic potential of the film and audio-visual sectors remains largely untapped. It is estimated that these sectors account for about $5 billion in revenues in Africa and employ 5 million people. (CNBC Africa)

As of April 4, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,422,130 while over 270,321,505 vaccinations have been administered across the continent. (All Africa News)

International News

Russia and Ukraine have agreed on the need for humanitarian corridors to deliver aid and help civilians exit besieged Ukrainian cities, in the first apparent sign of progress in talks between the warring sides. (Aljazeera News)

Asian stocks rose broadly on Tuesday as Turkish President Recep Tayyip Erdogan opened the latest round of peace talks between Ukraine and Russia in Istanbul with a speech. (RTT News)

The United States and Europe were planning new sanctions on Tuesday to punish Moscow over civilian killings in Ukraine, and President Volodymyr Zelenskiy warned more deaths were likely to be uncovered in areas seized from Russian invaders. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	206,723	20,381,061	99.64%
ETFs	351	73,362	0.36%
Total	207,074	20,454,423	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 20,381,061 worth of shares was traded on the NSX on Friday, with about N$ 179,146 worth of Anglo-American, N$ 55,290 worth of Shoprite Holdings and N$  33,750 of Namibia Breweries on the home front. ETFs worth N$ 73,362 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to Shoprite Holdings increased in share price
• On the NSX local listing, Namibia Breweries shares were traded  by market participants, with a decrease in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.01	45.01	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.00	5.00	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	770.45	781.81	1.47%
B2Gold Corporation	B2G	66.71	67.09	0.57%
Oceana Group Limited	OCG	57.00	57.21	0.37%
Mediclinic International Plc	MEP	69.08	68.90	-0.26%
Truworths	TRW	58.35	58.14	-0.36%
Nedbank Group Limited	NBK	233.07	237.00	1.69%
Standard Bank Group	SNB	182.14	183.19	0.58%
Shoprite Holdings	SRH	236.66	235.24	-0.60%
FirstRand Limited	FST	77.47	77.06	-0.53%
Momentum Metropolitan Holdings	MMT	17.31	17.29	-0.12%
Old Mutual Ltd	OMM	13.77	14.00	1.67%
Sanlam Limited	SLA	72.20	72.13	-0.10%
Santam Limited	SNM	289.00	290.13	0.39%
Vukile Property Fund Limited	VKN	14.06	14.00	-0.43%
Investec Limited	IVD	97.51	98.99	1.52%
PSG Konsult Limited	KFS	13.10	13.00	-0.76%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	264.22	264.46	0.09%
New Gold Platinum ETF N	NGNPLT	321.12	324.84	1.16%
New Funds S&P NAM Bond	NFNAMA	138.61	141.47	2.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.64
EUR/ZAR	16.18
GBP/ZAR	19.22
EUR/GBP	0.846
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	122.64
Commodities
Gold	1,922.10
Silver	24.87
Platinum	992.85
Palladium	2,312.27
WTI	99.73
Brent	104.97

Table 5: Exchange Rates and Commodities 

Local News

The ministry of urban and rural development has informed claimant to the Ovaherero paramount chieftaincy, Prof Mutjinde Katjiua, that as far as the government concerned, the late Paramount Chief Vekuii Rukoro has not been officially replaced. (Namibian Sun)

The Roads Authority (RA) believes the opening of the 52km Namalubi-Isize-Luhonono road in the Zambezi region is of outmost importance. (New Era Newspaper)

Former minister of health and social services Benard Haufiku’s suspension from the Roman Catholic Hospital (RCH) in Windhoek recently was allegedly due to his bad attitude. (The Namibian)

Sub-Sahara News

Prioritising gas investments in the near term could become a "costly mistake" South African consumers will have to bear, according to a new report.(News24)

In Africa, the economic potential of the film and audio-visual sectors remains largely untapped. It is estimated that these sectors account for about $5 billion in revenues in Africa and employ 5 million people. (CNBC Africa)

South African DJ and music producer Nkosinathi Maphumulo, popularly known as DJ Black Coffee, has won his first-ever Grammy award in the category Best Dance/Electronic Album for Subconsciously at the 64th Grammy Awards in Las Vegas. (All Africa News)

International News

Hungary’s Prime Minister Viktor Orban has hailed a “great victory” for his Fidesz party after preliminary results showed the right-wing group winning Sunday’s general election by a landslide. (Aljazeera News)

Asian shares were mixed on Monday amid lingering worries surrounding the Covid-19 pandemic, inflation and the Russian invasion of Ukraine. (RTT News)

China has sent the military and thousands of healthcare workers into Shanghai to help carry out COVID-19 tests for all of its 26 million residents as cases continued to rise on Monday. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	342,406	16,982,408	20.64%
ETFs	394,167	65,314,301	79.36%
Total	736,573	82,296,709	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 16,982,408 worth of shares was traded on the NSX on Thursday, with about N$   815,090 worth of Anglo-American, N$  1,325,206 worth of Shoprite Holdings and N$ 14,826 of Capricorn Group Limited on the home front. ETFs worth N$ 65,314,301 were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to Shoprite Holdings increased in share price
• On the NSX local listing, Capricorn Group Limited shares were traded  by market participants, with an increase in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.01	45.01	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	14.00	0.07%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.40	5.00	-7.41%
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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	752.88	770.45	2.33%
B2Gold Corporation	B2G	66.64	66.71	0.11%
Oceana Group Limited	OCG	56.50	57.00	0.88%
Mediclinic International Plc	MEP	69.22	69.08	-0.20%
Truworths	TRW	58.05	58.35	0.52%
Nedbank Group Limited	NBK	235.87	233.07	-1.19%
Standard Bank Group	SNB	183.00	182.14	-0.47%
Shoprite Holdings	SRH	236.31	236.66	0.15%
FirstRand Limited	FST	76.00	77.47	1.93%
Momentum Metropolitan Holdings	MMT	17.49	17.31	-1.03%
Old Mutual Ltd	OMM	14.02	13.77	-1.78%
Sanlam Limited	SLA	72.32	72.20	-0.17%
Santam Limited	SNM	282.56	289.00	2.28%
Vukile Property Fund Limited	VKN	14.18	14.06	-0.85%
Investec Limited	IVD	97.52	97.51	-0.01%
PSG Konsult Limited	KFS	13.30	13.10	-1.50%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	261.48	264.22	1.05%
New Gold Platinum ETF N	NGNPLT	314.40	321.12	2.14%
New Funds S&P NAM Bond	NFNAMA	139.91	138.61	-0.93%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.63
EUR/ZAR	16.18
GBP/ZAR	19.21
EUR/GBP	0.84
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	122.31
Commodities
Gold	1,937.00
Silver	24.99
Platinum	989.10
Palladium	2,316.00
WTI	98.97
Brent	103.57

Table 5: Exchange Rates and Commodities 

Local News

Total income earned by Namibians has shrunk by nearly N$ 1 billion in both 2020 and 2021. (Namibian Sun)

President Hage Geingob has advised acting Ovaherero paramount chief Vipuira Kapuuo to ensure that customary laws are duly observed in the designation of the next Ovaherero traditional leader. (New Era Newspaper)

The government has announced the discovery of oil within the borders of the City of Windhoek- more specifically, near the Elisenheim residential area north of the capital. (The Namibian)

Sub-Sahara News

AM Vineyards' co-owners Andrew Robinson and Matthew Karan set their sights on the Chinese wine market. (News24)

South Africa’s finance minister on Thursday announced a cut in fuel prices to help ease pressure on consumers hit with sharply rising energy costs, but his opposition counterpart labelled the gesture all-but meaningless. (CNBC Africa)

As of March 31, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,414,166  while over  272,758,674 vaccinations have been administered across the continent.. (All Africa News)

International News

Pakistani Prime Minister Imran Khan has said he will not resign, striking a defiant tone ahead of a no-confidence vote expected to take place on Sunday. (Aljazeera News)

Asian stocks ended mixed on Friday as Western government promised more sanctions on Russia and improved U.S. jobless claims data stocked concerns about faster-than-expected tightening by the Federal Reserve. (RTT News)

The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	151,948	13,758,155	96.17%
ETFs	3,927	547,849	3.83%
Total	155,875	14,306,004	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 13,758,155 worth of shares was traded on the NSX on Wednesday, with about N$  6,525,445 worth of Anglo-American, N$  133,280 worth of B2Gold Corporation and N$  814,445 of Namibia Breweries on the home front. ETFs worth N$ 547,849 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to B2Gold Corporation increased in share price
• On the NSX local listing, Namibia Breweries shares were traded  by market participants, with an increase in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.01	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.40	5.40	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	723.16	752.88	4.11%
B2Gold Corporation	B2G	66.61	66.64	0.05%
Oceana Group Limited	OCG	59.90	56.50	-5.68%
Mediclinic International Plc	MEP	70.15	69.22	-1.33%
Truworths	TRW	58.50	58.05	-0.77%
Nedbank Group Limited	NBK	239.88	235.87	-1.67%
Standard Bank Group	SNB	185.00	183.00	-1.08%
Shoprite Holdings	SRH	237.64	236.31	-0.56%
FirstRand Limited	FST	77.75	76.00	-2.25%
Momentum Metropolitan Holdings	MMT	17.60	17.49	-0.63%
Old Mutual Ltd	OMM	13.97	14.02	0.36%
Sanlam Limited	SLA	72.04	72.32	0.39%
Santam Limited	SNM	282.56	282.56	0.00%
Vukile Property Fund Limited	VKN	13.57	14.18	4.50%
Investec Limited	IVD	97.04	97.52	0.49%
PSG Konsult Limited	KFS	13.30	13.30	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	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	259.48	261.48	0.77%
New Gold Platinum ETF N	NGNPLT	294.04	314.40	6.92%
New Funds S&P NAM Bond	NFNAMA	136.60	139.91	2.42%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.51
EUR/ZAR	16.20
GBP/ZAR	19.05
EUR/GBP	0.85
EUR/USD	1.11
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	122.07
Commodities
Gold	1,922.80
Silver	24.74
Platinum	985.15
Palladium	2,254.02
WTI	102.14
Brent	106.73

Table 5: Exchange Rates and Commodities 

Local News

Namibia’s housing crisis is one of epic proportions, compounded by challenges ranging from slow land delivery. High land prices and over-regulation of statutory processes. (Namibian Sun)

Namibian white sugar prices are set to increase by 20% from 7 April 2022, there by adding more pressure on consumers already faced with rising food prices. (New Era Newspaper)

Former defence minister Charles Namoloh expects Swapo’s tradition of elevating vice presidents at this year’s congress- a prediction that is seen as a direct endorsement of the deputy prime minister Nandi-Ndaitwah for the ruling party’s leadership. (The Namibian)

Sub-Sahara News

Material uncertainties, including whether its strategic equity partnership with the Takatso consortium will get the necessary approvals, "may cast significant doubt on the South African Airways (SAA) group's ability to continue as a going concern", according to a report by the Auditor-General. (News24)

Ghana will start producing its own COVID-19 vaccines in January 2024, President Nana Akufo-Addo said on Wednesday in his State of the Nation Address in parliament. (CNBC Africa)

Convoys carrying much-needed humanitarian supplies to Ethiopia's northern Tigray region are still stuck in Semera, the capital of the neighboring Afar, despite Ethiopia's government declaring a unilateral humanitarian truce on March 24. (All Africa News)

International News

Indian authorities are actively considering dedicated payment mechanisms for trade with Russia to enable existing trade obligations in the wake of sanctions imposed on the Kremlin, a move that will also pave the way for cheaper oil imports to meet the country’s energy demands. (Aljazeera News)

European stocks were steady on Thursday as U.S. President Joe Biden arrived in Brussels for meetings of the NATO alliance. (RTT News)

The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the White House tries to lower fuel prices. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,167,582	54,670,105	99.54%
ETFs	976	250,746	0.46%
Total	2,168,558	54,920,851	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 54,670,105 worth of shares was traded on the NSX on Tuesday, with about N$ 820,769 worth of Anglo-American, N$ 300,260 worth of Sanlam Limited and N$ 28,600 of Paratus Namibia Holdings on the home front. No ETFs worth N$ 250,746 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to Sanlam Limited  increased in share price
• On the NSX local listing, Mobile Telecommunications Limited shares were traded  by market participants, without a change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.40	5.40	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	751.00	723.16	-3.71%
B2Gold Corporation	B2G	68.14	66.61	-2.25%
Oceana Group Limited	OCG	59.01	59.90	1.51%
Mediclinic International Plc	MEP	68.25	70.15	2.78%
Truworths	TRW	57.89	58.50	1.05%
Nedbank Group Limited	NBK	237.44	239.88	1.03%
Standard Bank Group	SNB	180.62	185.00	2.42%
Shoprite Holdings	SRH	233.10	237.64	1.95%
FirstRand Limited	FST	76.33	77.75	1.86%
Momentum Metropolitan Holdings	MMT	17.43	17.60	0.98%
Old Mutual Ltd	OMM	13.30	13.97	5.04%
Sanlam Limited	SLA	70.17	72.04	2.66%
Santam Limited	SNM	275.41	282.56	2.60%
Vukile Property Fund Limited	VKN	13.50	13.57	0.52%
Investec Limited	IVD	95.18	97.04	1.95%
PSG Konsult Limited	KFS	13.18	13.30	0.91%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	266.49	259.48	-2.63%
New Gold Palladium ETF	NGNPLD	319.60	294.04	-8.00%
New Gold Platinum ETF N	NGNPLT	140.55	136.60	-2.81%
New Funds S&P NAM Bond	NFNAMA	16.42	16.43	0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.48
EUR/ZAR	16.10
GBP/ZAR	19.01
EUR/GBP	0.84
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.75
USD/JPY	121.74
Commodities
Gold	1,926.80
Silver	25.08
Platinum	996.60
Palladium	2,203.50
WTI	105.98
Brent	109.31

Table 5: Exchange Rates and Commodities 

Local News

Namibia’s corporate tax, which is the second-highest in Southern Africa, has been described as a ‘deterrent’ in attracting foreign businesses to the country. (Namibian Sun)

The construction of a N$ 300 million solar plant with a capacity of 20MW was officially commissioned at Usakos yesterday. (New Era Newspaper)

Namibian women can now look forward to taking care of their newborns for three months’ maternity leave while being paid up to N$ 15 000 per month. (The Namibian)

Sub-Sahara News

The National Treasury has availed only R20.5 billion to adjust salaries for the cost of living of public servants in the 2022/23 fiscal year. But it has a bigger problem as it is trying to contain the public wage bill when more teachers, nurses and doctors are needed in the country. (News24)

The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the producers’ group should not engage in politics as pressure mounted on them to take action against Russia over its invasion of Ukraine. (CNBC Africa)

South Africa' s image as a neutral party was last week shattered when it tried to introduce a resolution at the UN that made no mention of Russia. Pretoria's proposed resolution on providing humanitarian aid to Ukraine was defeated in the UN General Assembly because it did not blame Russia for the humanitarian crisis. (All Africa News)

International News

A gunman has killed at least five people in Bnei Brak, an ultra-Orthodox suburb of the Israeli city Tel Aviv, before being shot dead. (Aljazeera News)

Asian stocks advanced on Wednesday after technology stocks led a rally on Wall Street overnight (RTT News)

A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	369,999	7,550,774	100.00%
ETFs	-	-	0.00%
Total	369,999	7,550,774	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 7,550,774 worth of shares was traded on the NSX on Monday, with about N$ 556,502 worth of Anglo-American, N$ 250,839 worth of Sanlam Limited and N$  478,464 of Mobile Telecommunications Limited on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to Sanlam Limited  increased in share price
• On the NSX local listing, Mobile Telecommunications Limited shares were traded  by market participants, without a change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.99	45.00	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.40	5.40	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	769.85	751.00	-2.45%
B2Gold Corporation	B2G	66.97	68.14	1.75%
Oceana Group Limited	OCG	58.00	59.01	1.74%
Mediclinic International Plc	MEP	66.48	68.25	2.66%
Truworths	TRW	57.96	57.89	-0.12%
Nedbank Group Limited	NBK	235.18	237.44	0.96%
Standard Bank Group	SNB	178.69	180.62	1.08%
Shoprite Holdings	SRH	229.73	233.10	1.47%
FirstRand Limited	FST	74.00	76.33	3.15%
Momentum Metropolitan Holdings	MMT	17.13	17.43	1.75%
Old Mutual Ltd	OMM	13.24	13.30	0.45%
Sanlam Limited	SLA	69.21	70.17	1.39%
Santam Limited	SNM	275.48	275.41	-0.03%
Vukile Property Fund Limited	VKN	13.45	13.50	0.37%
Investec Limited	IVD	93.00	95.18	2.34%
PSG Konsult Limited	KFS	13.02	13.18	1.23%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	265.87	266.49	0.23%
New Gold Palladium ETF	NGNPLD	346.94	319.60	-7.88%
New Gold Platinum ETF N	NGNPLT	141.86	140.55	-0.92%
New Funds S&P NAM Bond	NFNAMA	16.40	16.42	0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.67
EUR/ZAR	16.11
GBP/ZAR	19.21
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.75
USD/JPY	123.62
Commodities
Gold	1,922.80
Silver	25.02
Platinum	987.55
Palladium	2,263.02
WTI	105.48
Brent	109.17

Table 5: Exchange Rates and Commodities 

Local News

Investors in a pyramid scheme are in limbo after the Bank of Namibia (BoN) froze assets to tune of approximately N$ 10 million last Friday. (Namibian Sun)

Namibia is scheduled to pay domestic and international creditors some N$ 9.2 billion in interest, not including the value of the bonds due to redemption. (New Era Newspaper)

As criticism mounts over Namibia spending millions on a six-month presence at the Expo 2020 Dubai, the Namibia Investment Promotion and Development Board (NIPDB) days it is still too early to determine how much business the country has ranked in. (The Namibian)

Sub-Sahara News

Over the past four years, businesses have promised to put more than R1 trillion into the economy. Of this, R314 billion is already spent; R460 billion is in investments in progress; and R332 billion comprises new announcements made at last week's investment conference. (News24)

The African Development Bank (AfDB) is aiming to raise $1 billion to rapidly ramp up agricultural production in Africa and stave off a potential food crisis brought on by Russia’s invasion of Ukraine. (CNBC Africa)

The "rampant vaccine nationalism" of wealthy nations and corporations – which saw less than eight percent of Africans fully vaccinated against Covid-19 by the end of 2021 – took centre stage on Monday as one of the world's best known human rights groups launched its annual report. (All Africa News)

International News

Sanctioned Russian billionaire Roman Abramovich and Ukrainian peace negotiators suffered symptoms of suspected poisoning earlier this month after a meeting in Kyiv. (Aljazeera News)

Asian stocks ended broadly higher on Tuesday despite concerns over rising geopolitical tensions and hawkish comments from Federal Reserve Chair Jerome Powell. (RTT News)

Shanghai, China's most populous city, on Tuesday again tightened the first phase of a two-stage COVID-19 lockdown, asking some residents to stay indoors unless they are getting tested as the number of daily cases rose beyond 4,400. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	212,965	4,895,100	98.05%
ETFs	366	97,345	1.95%
Total	213,331	4,992,445	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,895,100 worth of shares was traded on the NSX on Friday, with about N$ 848,287 worth of Anglo-American, N$ 479,928 worth of Sanlam Limited and N$ 107,820 SBN Holdings Ltd on the home front. ETFs worth N$ 97,345 were traded on Friday

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased aimed the sale transaction of its shareholding in Thungela Resources
• Shares belonging to Sanlam Limited  decreased in share price
• On the NSX local listing, SBN Holdings Ltd shares were traded  by market participants, resulting in a increase in share price at closing
• New Gold Issuer Ltd NM ETF was traded on the exchange resulting in a decrease in price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.99	44.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.52	29.50	-0.07%
Standard Bank Namibia	SNO	5.30	5.40	1.89%
Oryx Limited	ORY	10.21	10.21	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	759.20	769.85	1.40%
B2Gold Corporation	B2G	68.08	66.97	-1.63%
Oceana Group Limited	OCG	57.15	58.00	1.49%
Mediclinic International Plc	MEP	65.67	66.48	1.23%
Truworths	TRW	56.70	57.96	2.22%
Nedbank Group Limited	NBK	231.76	235.18	1.48%
Standard Bank Group	SNB	175.99	178.69	1.53%
Shoprite Holdings	SRH	229.07	229.73	0.29%
FirstRand Limited	FST	73.46	74.00	0.74%
Momentum Metropolitan Holdings	MMT	17.40	17.13	-1.55%
Old Mutual Ltd	OMM	13.35	13.24	-0.82%
Sanlam Limited	SLA	69.33	69.21	-0.17%
Santam Limited	SNM	282.00	275.48	-2.31%
Vukile Property Fund Limited	VKN	13.11	13.45	2.59%
Investec Limited	IVD	92.72	93.00	0.30%
PSG Konsult Limited	KFS	13.12	13.02	-0.76%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	266.66	265.87	-0.30%
New Gold Palladium ETF	NGNPLD	355.44	346.94	-2.39%
New Gold Platinum ETF N	NGNPLT	144.92	141.86	-2.11%
New Funds S&P NAM Bond	NFNAMA	16.39	16.40	0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.64
EUR/ZAR	16.03
GBP/ZAR	19.24
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.31
AUD/USD	0.75
USD/JPY	123.21
Commodities
Gold	1,936.20
Silver	25.16
Platinum	995.80
Palladium	2,368.52
WTI	109.42
Brent	113.13

Table 5: Exchange Rates and Commodities 

Local News

The Social Security Commission (SSC) has only managed to recover a paltry N$ 25,000 from its N$120 million investment in SME Bank. (Namibian Sun)

Government has been advised to consider amn=ending the necessary laws in order to protect defaulting homeowners from potential abuse by mortgage lenders. (New Era Newspaper)

The Nama Genocide Technical Committee (NGTC) has issued a warning to communities affected by the 1904 to 1908 Nama-Ovaherero genocide against what they term “government divisive forces”. (The Namibian)

Sub-Sahara News

The Central Energy Fund (CEF) released a tender last month, looking for a gas aggregator to help secure liquified natural gas (LNG) for various gas-to-power projects planned for the Coega special economic zone in the Eastern Cape. (News24)

The court of the West African Economic and Monetary Union (UEMOA) on Thursday ordered suspension of the eight-nation body’s sanctions against Mali, imposed in January after the junta delayed elections. (CNBC Africa)

As of March 27, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,358,704 while over  268,645,655 vaccinations have been administered across the continent. (All Africa News)

International News

Russia is considering “a Korean scenario” for Ukraine and splitting the country in two after failing to seize the capital Kyiv and overthrow its government, the Ukrainian military intelligence chief has said. (Aljazeera News)

Asian stocks ended flat to slightly lower on Monday, as the war in Ukraine rages on and a high-ranking Federal Reserve official made hawkish remarks on borrowing cost. (RTT News)

North Korea will continue to develop "formidable striking capabilities" that cannot be bartered or sold for anything, leader Kim Jong Un said, according to state media on Monday, as he visited workers involved with the country's biggest missile test. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	706,404	62,730,725	99.77%
ETFs	400	145,400	0.23%
Total	706,804	62,876,125	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 62,730,725 worth of shares was traded on the NSX on Thursday, with about N$ 4,860,377 worth of Anglo-American, N$ 51,096 worth of Momentum Metropolitan and N$  16,320  Oryx Properties Limited on the home front. ETFs worth N$ 145,400 were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased at closing.
• Shares belonging to Momentum Metropolitan decreased in share price
• On the NSX local listing, Properties Limited  shares were traded  by market participants, resulting in a decline in share price at closing
• New Gold Palladium ETF was traded on the exchange resulting in a decrease in price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.99	44.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.52	29.50	-0.07%
Standard Bank Namibia	SNO	5.30	5.30	0.00%
Oryx Limited	ORY	10.21	10.21	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	762.80	759.20	-0.47%
B2Gold Corporation	B2G	65.82	68.08	3.43%
Oceana Group Limited	OCG	58.10	57.15	-1.64%
Mediclinic International Plc	MEP	67.24	65.67	-2.33%
Truworths	TRW	56.23	56.70	0.84%
Nedbank Group Limited	NBK	232.99	231.76	-0.53%
Standard Bank Group	SNB	175.80	175.99	0.11%
Shoprite Holdings	SRH	232.52	229.07	-1.48%
FirstRand Limited	FST	73.74	73.46	-0.38%
Momentum Metropolitan Holdings	MMT	17.50	17.40	-0.57%
Old Mutual Ltd	OMM	13.33	13.35	0.15%
Sanlam Limited	SLA	69.00	69.33	0.48%
Santam Limited	SNM	280.93	282.00	0.38%
Vukile Property Fund Limited	VKN	13.25	13.11	-1.06%
Investec Limited	IVD	93.78	92.72	-1.13%
PSG Konsult Limited	KFS	13.00	13.12	0.92%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	266.44	266.66	0.08%
New Gold Palladium ETF	NGNPLD	357.89	355.44	-0.68%
New Gold Platinum ETF N	NGNPLT	145.96	144.92	-0.71%
New Funds S&P NAM Bond	NFNAMA	16.32	16.39	0.43%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.50
EUR/ZAR	15.99
GBP/ZAR	19.16
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.74
USD/JPY	121.59
Commodities
Gold	1,962.70
Silver	25.95
Platinum	1,033.10
Palladium	2,530.77
WTI	112.03
Brent	118.88

Table 5: Exchange Rates and Commodities 

Local News

The country’s regulator for auditors has instituted a probe into an unregistered audit firm that complied the recently released financial report of the All People’s Party (APP). (Namibian Sun)

President Hage Geingob has thanked Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum for providing material and financial support to Namibia to ensure the country’s participation in the World Expo Dubai 2020. (New Era Newspaper)

Some Namibian families are forced to shrink their meals as the price of food and other household goods continue to drain their pockets. (The Namibian)

Sub-Sahara News

The African Development Bank (AfdB) said on Thursday it would extend a $2.8-billion facility to SA over the next five years, part of which is intended to fund Eskom’s transition to a low emissions economy. (News24)

South Africa raised its main lending rate by 25 basis points to 4.25% on Thursday as expected, citing inflation risks linked to the war in Ukraine. (CNBC Africa)

High-ranking representatives of several countries pledged this week to devote all resources needed to interrupt transmission of Guinea worm disease and certify its eradication by 2030. (All Africa News)

International News

North Korea says it test-fired its biggest intercontinental ballistic missile (ICBM) on the orders of leader Kim Jong Un to boost its defences and prepare for a “long confrontation” with the United States, state media reported on Friday. (Aljazeera News)

Asian stocks ended mostly higher on Friday as global growth optimism outweighed lingering geo-political tensions arising from the Ukraine conflict. (RTT News)

A year ago Tesla dismissed the alternative path of electric car battery swapping as "riddled with problems and not suitable for wide scale use". It seems Beijing disagree. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	313,216	12,169,864	98.26%
ETFs	807	215,187	1.74%
Total	314,023	12,385,051	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12,169,864 worth of shares was traded on the NSX on Wednesday, with about N$ 2,583,143 worth of Anglo-American, N$    1,416,648  worth of Momentum Metropolitan and N$ 591,328 Capricorn Group Limited on the home front. ETFs worth N$ 215,187 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased at closing.
• Shares belonging to Momentum Metropolitan decreased in share price
• On the NSX local listing, Capricorn Group Limited shares were allotted by market participants, without changes in share price at closing
• New Gold Issuer Ltd NM ETF was traded on the exchange resulting into an increase in price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.99	44.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.52	29.52	0.00%
Standard Bank Namibia	SNO	5.30	5.30	0.00%
Oryx Limited	ORY	10.21	10.21	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	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	8.00	8.00	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	773.83	762.80	-1.43%
B2Gold Corporation	B2G	67.15	65.82	-1.98%
Oceana Group Limited	OCG	57.00	58.10	1.93%
Mediclinic International Plc	MEP	68.26	67.24	-1.49%
Truworths	TRW	57.94	56.23	-2.95%
Nedbank Group Limited	NBK	233.73	232.99	-0.32%
Standard Bank Group	SNB	176.99	175.80	-0.67%
Shoprite Holdings	SRH	232.00	232.52	0.22%
FirstRand Limited	FST	73.68	73.74	0.08%
Momentum Metropolitan Holdings	MMT	17.74	17.50	-1.35%
Old Mutual Ltd	OMM	13.50	13.33	-1.26%
Sanlam Limited	SLA	68.15	69.00	1.25%
Santam Limited	SNM	298.61	280.93	-5.92%
Vukile Property Fund Limited	VKN	13.39	13.25	-1.05%
Investec Limited	IVD	94.68	93.78	-0.95%
PSG Konsult Limited	KFS	13.10	13.00	-0.76%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	264.86	266.44	0.60%
New Gold Palladium ETF	NGNPLD	357.78	357.89	0.03%
New Gold Platinum ETF N	NGNPLT	145.35	145.96	0.42%
New Funds S&P NAM Bond	NFNAMA	16.29	16.32	0.18%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.75
EUR/ZAR	16.20
GBP/ZAR	19.46
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.74
USD/JPY	121.41
Commodities
Gold	1,942.70
Silver	25.05
Platinum	1,022.10
Palladium	2,534.77
WTI	115.03
Brent	122.31

Table 5: Exchange Rates and Commodities 

Local News

The Environmental Investment Fund of Namibia (EIF) recently rolled out its e-voucher card system at Mariental. (Namibian Sun)

President Hage Geingob yesterday encouraged international investors who have not yet invested in Namibia to make an investment decision and become investment partners. (New Era Newspaper)

Railway parastatal TransNamib is staring possible liquidation in the face if it fails to fight off an attempt by the liquidators of defunct Belgian airline Challenger Air SA to claim N$161 million from its coffers. (The Namibian)

Sub-Sahara News

A strong set of annual results and a positive outlook for fossil fuel markets this year have affirmed Thungela Resources' belief that coal has been written off too early and that it will remain in demand for many years to come. (News24)

After failing to secure a suitable buyer for its 50 per cent stake in African Bank, the South African Reserve Bank (SARB) will be listing the company on the Johannesburg Stock Exchange. (CNBC Africa)

As of March 23, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,343,776 while over 267,996,073 vaccinations have been administered across the continent. (All Africa News)

International News

Ukraine’s 2022 sunflower seed harvest could decrease by 42 percent to 9.6 million tonnes due to a sharp decrease in the sowing areas following Russia’s invasion, APK-Inform agriculture consultancy has said. (Aljazeera News)

Stock markets in Asia rallied on Thursday, amidst relief that the Fed did not increase interest rates more than the expected level of a quarter percent. (RTT News)

Recovery crews searched in light rain for a second black box from a China Eastern Airlines (600115.SS) passenger plane that plunged into a mountainside with 132 people on board as more information emerged about the pilots of the flight. (Reuters)