Year: 2022

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	128 721	10 908 090	96.30%
ETFs	1 591	419 547	3.70%
Total	130 312	11 327 637	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 10 908 090 worth of shares was traded on the NSX on Monday, with about N$ 438 174 worth of Anglo-American, N$ 95 026 worth of Nedbank Group Limited, and N$ 356 544 worth of Namibia Breweries on the home front. ETFs worth N$ 419 547 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decrease in price at closing.
• Shares belonging to Nedbank Group Limited were traded resulting to the share price to drop.
• On the local NSX listing, Namibia Breweries shares were dumped by market participants resulting into a reduction in price.
• New Gold Issuer Ltd NM ETF was bought yesterday commodity prices starts to increase in value..

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.46	48.00	-2.95%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.50	8.50	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	733.52	730.02	-0.48%
Barloworld Limited	BWL	148.41	144.75	-2.47%
Oceana Group Limited	OCG	58.54	58.18	-0.61%
Mediclinic International Plc	MEP	69.17	68.47	-1.01%
Truworths	TRW	59.29	57.52	-2.99%
Nedbank Group Limited	NBK	206.43	206.60	0.08%
Standard Bank Group	SNB	153.26	154.58	0.86%
Shoprite Holdings	SRH	222.50	222.35	-0.07%
FirstRand Limited	FST	65.07	63.78	-1.98%
Momentum Metropolitan Holdings	MMT	20.14	19.88	-1.29%
Old Mutual Ltd	OMM	14.19	13.62	-4.02%
Sanlam Limited	SLA	66.67	65.11	-2.34%
Santam Limited	SNM	270.70	269.15	-0.57%
Vukile Property Fund Limited	VKN	12.27	12.40	1.06%
Investec Limited	IVD	92.33	90.80	-1.66%
PSG Konsult Limited	KFS	13.85	14.09	1.73%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	258.71	263.49	1.85%
New Gold Palladium ETF	NGNPLD	324.33	340.65	5.03%
New Gold Platinum ETF N	NGNPLT	149.08	151.62	1.70%
New Funds S&P NAM Bond	NFNAMA	16.52	16.55	0.18%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.10
EUR/ZAR	17.09
GBP/ZAR	20.43
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.35
AUD/USD	0.71
USD/JPY	115.31
Commodities
Gold	1 879.85
Silver	23.82
Platinum	1 029.25
Palladium	2 328.02
WTI	94.82
Brent	95.88

Table 5: Exchange Rates and Commodities 

Local News

Consumers should brace themselves for years of high energy prices, heads of top oil gas companies said. (Namibian Sun)

The Teachers Union of Namibia (TUN) has threatened to take tough action against government if their call for salary increases continues to fall on deaf ears. (New Era Newspaper)

Slapped with a N$250 000 defamation judgement, northern Namibian teacher Abed 'Bishop' Hishoono on Friday publicly apologised to first Lady Monica Geingos for having made slanderous claims about her in a video recording distributed via WhatsApp in February last year. (The Namibian)

Sub-Sahara News

Ahead of an extraordinary general meeting on Tuesday, where Distell shareholders will vote on a takeover by Heineken, large fund manager Ninety One said the Dutch giant’s bid was unfair and too low. (News24)

The conditions are no longer in place to continue the fight against Islamist militants in Mali and President Emmanuel Macron has asked to re-organise French troops in the region, Foreign Minister Jean-Yves Le Drian said on Monday. (CNBC Africa)

WHO has been permitted to deliver medical supplies to Tigray, Ethiopia, for the first time since July 2021, but there is no fuel to distribute them to health centres. (All Africa News)

International News

Japan's economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook. (Reuters)

Asian stocks rose broadly on Tuesday, though the upside remained capped due to caution over the tightening of U.S. monetary policy. (RTT News)

Campaigning for South Korea’s presidential election officially began on Tuesday, in what is expected to be the tightest race in 20 years. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	438 782	27 916 832	100.00%
ETFs	-	-	0.00%
Total	438 782	27 916 832	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 27 916 832 worth of shares was traded on the NSX on Thursday, with about N$ 4 182 720 worth of Anglo-American, N$ 1 809 815 worth of Mediclinic International, and N$ 77 700 shares of Capricorn Group Limited on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased as the company resumes with their buyback policy fulfilment.
• Shares belonging to Mediclinic International were traded resulting to the share price to drop.
• On the local NSX bourse, Capricorn Group Limited were trading without change in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.46	49.46	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.50	8.50	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	726.72	733.80	0.97%
Barloworld Limited	BWL	139.11	145.10	4.31%
Oceana Group Limited	OCG	57.00	70.66	23.96%
Mediclinic International Plc	MEP	71.00	70.66	-0.48%
Truworths	TRW	57.30	58.56	2.20%
Nedbank Group Limited	NBK	201.26	205.26	1.99%
Standard Bank Group	SNB	153.90	155.31	0.92%
Shoprite Holdings	SRH	224.32	224.59	0.12%
FirstRand Limited	FST	64.25	64.00	-0.39%
Momentum Metropolitan Holdings	MMT	20.30	20.00	-1.48%
Old Mutual Ltd	OMM	14.46	14.40	-0.41%
Sanlam Limited	SLA	64.35	65.72	2.13%
Santam Limited	SNM	280.00	276.47	-1.26%
Vukile Property Fund Limited	VKN	12.28	12.27	-0.08%
Investec Limited	IVD	93.86	93.10	-0.81%
PSG Konsult Limited	KFS	13.85	13.85	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	262.32	259.05	-1.25%
New Gold Palladium ETF	NGNPLD	340.96	339.87	-0.32%
New Gold Platinum ETF N	NGNPLT	154.18	151.22	-1.92%
New Funds S&P NAM Bond	NFNAMA	16.58	16.56	-0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.22
EUR/ZAR	17.33
GBP/ZAR	20.60
EUR/GBP	0.84
EUR/USD	1.13
GBP/USD	1.35
AUD/USD	0.71
USD/JPY	116.09
Commodities
Gold	1 825.60
Silver	23.06
Platinum	1 019.75
Palladium	2 215.77
WTI	89.35
Brent	90.68

Table 5: Exchange Rates and Commodities 

Local News

Bank Windhoek recently installed three new cash accepting Automated Teller Machines (ATMs) t its branches in Walvis Bay, Swakopmund and Henties Bay. (Namibian Sun)

Yesterday, Paratus confirmed the completion of the building and is on track with its aggressive expansion to provide Namibia and the continent with increased capacity on its network. (New Era Newspaper)

Keetmanshoop in the //Kharas region has been without water since Wednesday. (The Namibian)

Sub-Sahara News

President Cyril Ramaphosa has announced that government's Social Relief of Distress Grant will be extended by one year, meaning it will continue into March 2023. (News24)

Africa’s response to the COVID-19 pandemic has improved over time but the continent needs to accelerate the pace of vaccination to control the pandemic. (CNBC Africa)

As of February 10, 2022, confirmed cases of Covid-19 from 55 African countries reached 11 028 833 while over 220 617 343 vaccinations have been administered across the continent. (All Africa News)

International News

Elon Musk said on Thursday he was "highly confident" his new SpaceX Starship, designed for voyages to the moon and Mars, will reach Earth orbit for the first time this year, despite a host of technical and regulatory hurdles yet to be overcome. (Reuters)

Asian stocks ended broadly higher on Friday, as strong earnings from the likes of Amazon, Snap Inc. and Pinterest helped investors shrug off a tech-led selloff on Wall Street. (RTT News)

Indonesia is moving to upgrade its ageing airforce fleet with multi-billion dollar orders for advanced fighters jets from France and the United States, amid increasing tension in the Asia Pacific. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	104 467	8 612 435	44.64%
ETFs	650 000	10 679 500	55.36%
Total	754 467	19 291 935	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8 612 435 worth of shares was traded on the NSX on Wednesday, with about N$1 419 300 worth of Anglo-American, N$239 097 worth of Firstrand Limited, and N$62 160 shares of Capricorn Group Limited on the home front. ETFs worth N$ 10 679 500 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased as the company starts up with new Aquila metallurgical coal mine that is located near Middlemount in Central Queensland in Australia.
• Shares belonging to Firstrand Limited were traded resulting to the share price to plummeted
• On the local NSX bourse, Capricorn Group Limited were trading without change in share price.
• NewFunds S&P Namibia Bond ETF was traded in large volume causing an increase in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.46	49.46	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.50	8.50	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	725.23	726.72	0.21%
Barloworld Limited	BWL	137.70	139.11	1.02%
Oceana Group Limited	OCG	56.61	57.00	0.69%
Mediclinic International Plc	MEP	71.00	71.00	0.00%
Truworths	TRW	56.45	57.30	1.51%
Nedbank Group Limited	NBK	201.59	201.26	-0.16%
Standard Bank Group	SNB	155.29	153.90	-0.90%
Shoprite Holdings	SRH	224.20	224.32	0.05%
FirstRand Limited	FST	64.32	64.25	-0.11%
Momentum Metropolitan Holdings	MMT	20.12	20.30	0.89%
Old Mutual Ltd	OMM	14.33	14.46	0.91%
Sanlam Limited	SLA	63.49	64.35	1.35%
Santam Limited	SNM	276.38	280.00	1.31%
Vukile Property Fund Limited	VKN	12.25	12.28	0.24%
Investec Limited	IVD	95.03	93.86	-1.23%
PSG Konsult Limited	KFS	14.25	13.85	-2.81%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	262.14	262.32	0.07%
New Gold Palladium ETF	NGNPLD	338.25	340.96	0.80%
New Gold Platinum ETF N	NGNPLT	153.87	154.18	0.20%
New Funds S&P NAM Bond	NFNAMA	16.55	16.58	0.18%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.19
EUR/ZAR	17.36
GBP/ZAR	20.56
EUR/GBP	0.84
EUR/USD	1.14
GBP/USD	1.35
AUD/USD	0.71
USD/JPY	115.67
Commodities
Gold	1 835.45
Silver	23.77
Platinum	1 033.25
Palladium	2 281.02
WTI	89.41
Brent	91.20

Table 5: Exchange Rates and Commodities 

Local News

Expert urges Namibia to take a cautionary and clear-eyed approach to the promise of green hydrogen boosting Namibia’s  development goals. (Namibian Sun)

The Government Institutions Pension Fund (GIPF) has invested over N$20 million in a housing development by Beucorp Group, through Koningstein Capital Investment Property Fund. (New Era Newspaper)

Student unions are insisting that the University of Namibia (Unam) and the Namibia University of Science and Technology (Nust) should let students register while looking for ways to settle their outstanding tuition fees. (The Namibian)

Sub-Sahara News

The R3.2-billion bailout government gave the SABC three years ago did little to improve its financial position, with irregular spend and other financial concerns still dogging Auckland Park, Parliament's Standing Committee on Public Accounts heard on Wednesday. (News24)

South African business confidence rose in January on increased trade and retail sales, data showed on Wednesday. (CNBC Africa)

As of February 9, 2022, confirmed cases of Covid-19 from 55 African countries reached 11 004 889 while over 218 397 031 vaccinations have been administered across the continent. (All Africa News)

International News

United States troops relocating to Romania from Germany will reach the country on Wednesday night, Romania's defence ministry said, and will shield NATO's eastern flank from potential spillover from the Ukraine crisis. (Reuters)

Asian stocks retreated on Thursday after Meta, which owns Facebook, Instagram and WhatsApp, missed on Wall Street earnings estimates and offered a weaker-than-expected forecast. (RTT News)

Gunmen have attacked Libyan Prime Minister Abdulhamid Dbeibah’s convoy in the capital, Tripoli. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	14 456	1 775 022	100.00%
ETFs	-	-	0.00%
Total	14 456	1 775 022	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 1 775 022 worth of shares was traded on the NSX on Tuesday, with about N$ 1 546 096 worth of Anglo-American, N$  190 664 worth of Firstrand Limited, and N$  1 700 shares of Mobile Telecommunication Company on the home front. No ETFs were traded on Tuesday

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price fluctuations over a 3-day moving average got the share price to increase at closing
• Shares belonging to Firstrand Limited were traded resulting to the share price to plummeted
• On the local NSX bourse, Mobile Telecommunications were trading cause the share price to decrease at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.47	49.47	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.91	8.50	-4.60%
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	714.30	725.23	1.53%
Barloworld Limited	BWL	138.00	137.70	-0.22%
Oceana Group Limited	OCG	56.61	56.61	0.00%
Mediclinic International Plc	MEP	71.00	71.00	0.00%
Truworths	TRW	55.88	56.45	1.02%
Nedbank Group Limited	NBK	197.35	201.59	2.15%
Standard Bank Group	SNB	154.06	155.29	0.80%
Shoprite Holdings	SRH	220.00	224.20	1.91%
FirstRand Limited	FST	62.56	64.32	2.81%
Momentum Metropolitan Holdings	MMT	19.56	20.12	2.86%
Old Mutual Ltd	OMM	13.83	14.33	3.62%
Sanlam Limited	SLA	62.11	63.49	2.22%
Santam Limited	SNM	281.80	276.38	-1.92%
Vukile Property Fund Limited	VKN	12.12	12.25	1.07%
Investec Limited	IVD	94.15	95.03	0.93%
PSG Konsult Limited	KFS	14.40	14.25	-1.04%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	262.73	262.14	-0.22%
New Gold Palladium ETF	NGNPLD	335.13	338.25	0.93%
New Gold Platinum ETF N	NGNPLT	152.05	153.87	1.20%
New Funds S&P NAM Bond	NFNAMA	16.54	16.55	0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.35
EUR/ZAR	17.54
GBP/ZAR	20.81
EUR/GBP	0.84
EUR/USD	1.14
GBP/USD	1.35
AUD/USD	0.71
USD/JPY	115.48
Commodities
Gold	1 828.05
Silver	23.23
Platinum	1 031.15
Palladium	2 236.27
WTI	89.36
Brent	90.77

Table 5: Exchange Rates and Commodities 

Local News

BP returned to profit in 2021 as oil and gas surged following a huge loss the prior year when the pandemic struck the British economy. (Namibian Sun)

Johannesburg Stock Exchange-listed South African technology company 4Sight has confirmed it will be extending its presence and making available all the group’s technology offerings in Namibia, officially expanding the 4Sight regional office in Windhoek. (New Era Newspaper)

Newly appointed CEO of the National Fishing Corporation of Namibia (Fishcor) Clive Gawanab is currently seeking a permanent solution for the company's more than 400 employees at Walvis Bay. (The Namibian)

Sub-Sahara News

Eskom’s group executive for generation, Phillip Dukashe, says the power supplier will crack the whip at Majuba power station after a failure to ensure it was ready for the rainy season. (News24)

Ghana’s finance ministry said that Moody’s decision to downgrade its credit rating was made by omitting key information and revealed an institutional bias against African economies. (CNBC Africa)

On 1 January 2021, trading under the African Continental Free Trade Area (AfCFTA) kicked off. The trade pact, which seeks to create a single market for goods and services and promote cross-border movement of capital and people, should boost intra-African trade, currently at only 18% and regional integration. (All Africa News)

International News

French President Emmanuel Macron, the first leader of a major Western power to meet Vladimir Putin since Russia massed troops near Ukraine, said on Tuesday he believed steps can be taken to de-escalate the crisis and called on all sides to stay calm. (Reuters)

European stocks were moving higher on Wednesday after top U.S. companies like Alphabet, Advanced Micro Devices and General Motors reported encouraging earnings results. (RTT News)

As NATO confronts Russia over security in Europe, renewed tension between Greece and Turkey is gnawing at the alliance’s eastern heel. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	734 563	12 726 990	100.00%
ETFs	-	-	0.00%
Total	734 563	12 726 990	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12 726 990 worth of shares was traded on the NSX on Monday, with about N$ 60 981 worth of Anglo-American, N$ 160 749 worth of Shoprite Holdings, and N$ 9 935 shares of Mobile Telecommunication Company 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 fluctuations over a 3-day moving average got the share price to increase at closing
• Shares belonging to Shoprite Holdings were traded without changing the share price.
• On the local NSX bourse, Mobile Telecommunications were trading cause the share price to increase at closing..

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.47	49.47	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.50	29.51	0.03%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.55	8.56	0.12%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.90	8.91	0.11%
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	698.86	714.30	2.21%
Barloworld Limited	BWL	136.95	138.00	0.77%
Oceana Group Limited	OCG	58.35	56.61	-2.98%
Mediclinic International Plc	MEP	68.60	71.00	3.50%
Truworths	TRW	55.79	55.88	0.16%
Nedbank Group Limited	NBK	195.27	197.35	1.07%
Standard Bank Group	SNB	153.75	154.06	0.20%
Shoprite Holdings	SRH	220.00	220.00	0.00%
FirstRand Limited	FST	62.23	62.56	0.53%
Momentum Metropolitan Holdings	MMT	20.18	19.56	-3.07%
Old Mutual Ltd	OMM	13.96	13.83	-0.93%
Sanlam Limited	SLA	62.35	62.11	-0.38%
Santam Limited	SNM	282.42	281.80	-0.22%
Vukile Property Fund Limited	VKN	12.00	12.12	1.00%
Investec Limited	IVD	91.78	94.15	2.58%
PSG Konsult Limited	KFS	15.00	14.40	-4.00%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	260.92	262.73	0.69%
New Gold Palladium ETF	NGNPLD	345.97	335.13	-3.13%
New Gold Platinum ETF N	NGNPLT	153.21	152.05	-0.76%
New Funds S&P NAM Bond	NFNAMA	16.68	16.54	-0.84%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.54
EUR/ZAR	17.74
GBP/ZAR	21.01
EUR/GBP	0.84
EUR/USD	1.14
GBP/USD	1.35
AUD/USD	0.70
USD/JPY	115.48
Commodities
Gold	1 820.90
Silver	22.88
Platinum	1 015.20
Palladium	2 254.50
WTI	91.41
Brent	92.69

Table 5: Exchange Rates and Commodities 

Local News

Anderson Global continues to strengthen its African platform as the organisation enters a Collaboration Agreement with Namibia-based Windhoek Accounting and Taxation. (Namibian Sun)

The Euphrates Agri-fund, managed by Eos Capital, a Namibian private equity firm with N$1 billion in assets under management, has acquired a minority stake in the Namibian business of Cherry Irrigation for an undisclosed amount. (New Era Newspaper)

Almost five years after the second national land conference, the government says it has only been able to successfully implement 29 of the 167 resolutions taken to turn around the country's land problems. (The Namibian)

Sub-Sahara News

Eskom announced earlier on Tuesday that it will implement Stage 2 load shedding from 21:00 on Monday night until 05:00 on Tuesday due to more breakdowns in generating units, with total breakdowns now amounting to more than 16 000 MW. (News24)

Nigeria should remove untargeted fuel subsidies and channel resources to the poor, the International Monetary Fund said on Monday, warning that the budget deficit was expected to widen in 2021 despite a recovery in international crude prices. (CNBC Africa)

As of February 7, 2022, confirmed cases of Covid-19 from 55 African countries reached 10 976 143 while over 215 479 398 vaccinations have been administered across the continent. (All Africa News)

International News

SoftBank Group Corp's sale of Arm Ltd to U.S. chipmaker Nvidia Corp has collapsed. (Reuters)

Australia's central bank decided to scrap its bond purchase programme citing faster-than-expected improvement towards the inflation goal and strengthening labour market conditions. (RTT News)

The United States has approved a $100 million support contract with Taiwan aimed at boosting the island’s missile defence systems amid heightened tensions with China. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1 752 160	25 287 188	94.31%
ETFs	10 000	1 525 000	5.69%
Total	1 762 160	26 812 188	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 25 287 188 worth of shares was traded on the NSX on Friday, with about N$    514 407 worth of Anglo-American, N$  141 557  worth of Shoprite Holdings, and N$ 712 000  shares of Mobile Telecommunication Company on the home front. ETFs worth N$ 1 525 000 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price fluctuations over a 3-day moving average got the share price to increase at closing
• Shares belonging to Shoprite Holdings idecreased in price causing a slight surge in price at closing.
• On the local NSX bourse, Mobile Telecommunications were trading without changes in share price.
• ETF New Gold Platinum ETF N was subscribed by market participants.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.47	49.47	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.55	8.56	0.12%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.90	8.90	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	691.38	698.86	1.08%
Barloworld Limited	BWL	136.95	136.95	0.00%
Oceana Group Limited	OCG	58.50	58.35	-0.26%
Mediclinic International Plc	MEP	67.65	68.60	1.40%
Truworths	TRW	56.64	55.79	-1.50%
Nedbank Group Limited	NBK	195.51	195.27	-0.12%
Standard Bank Group	SNB	155.52	153.75	-1.14%
Shoprite Holdings	SRH	220.57	220.00	-0.26%
FirstRand Limited	FST	62.88	62.23	-1.03%
Momentum Metropolitan Holdings	MMT	20.30	20.18	-0.59%
Old Mutual Ltd	OMM	13.86	13.96	0.72%
Sanlam Limited	SLA	62.85	62.35	-0.80%
Santam Limited	SNM	282.02	282.42	0.14%
Vukile Property Fund Limited	VKN	12.07	12.00	-0.58%
Investec Limited	IVD	90.93	91.78	0.93%
PSG Konsult Limited	KFS	14.05	127.90	810.32%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	256.33	260.92	1.79%
New Gold Palladium ETF	NGNPLD	350.03	345.97	-1.16%
New Gold Platinum ETF N	NGNPLT	151.80	153.21	0.93%
New Funds S&P NAM Bond	NFNAMA	16.62	16.68	0.36%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.45
EUR/ZAR	17.67
GBP/ZAR	20.90
EUR/GBP	0.83
EUR/USD	1.14
GBP/USD	1.35
AUD/USD	0.70
USD/JPY	115.29
Commodities
Gold	1 811.05
Silver	22.74
Platinum	1 024.30
Palladium	2 299.27
WTI	91.98
Brent	93.43

Table 5: Exchange Rates and Commodities 

Local News

Johannes !Gawaxab, the governor of the Bank of Namibia (BoN), became the third Namibian central bank chief to have his signature on a Namibian ten dollar note. (Namibian Sun)

Local commercial banks have been offering prospective clients the option to use a balloon payment option as part of their instalment sales possibilities when purchasing a vehicle. (New Era Newspaper)

Canadian oil and gas company ReconAfrica, which is currently exploring in the two Kavango regions, has now been accused of cutting through a virgin forest within conservancy boundaries. (The Namibian)

Sub-Sahara News

Investors are no longer purely focusing on profits, but increasingly seeking funds that consider the environment, improve social conditions and promote good governance - or Environmental, Social and Governance (ESG) factors.(News24)

South Africa is seeing more cases of the BA.2 sub-variant of the Omicron coronavirus variant and is monitoring it, but there is no clear sign that BA.2 is substantially different from the original Omicron strain. (CNBC Africa)

As of February 6, 2022, confirmed cases of Covid-19 from 55 African countries reached   10 961 240 while over 215 351 076 vaccinations have been administered across the continent. (All Africa News)

International News

Credit Suisse will face charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. (Reuters)

Asian stocks followed Wall Street higher on Monday as tech stocks rebounded from recent string of losses.(RTT News)

Sadio Mane scored the winning spot-kick – after missing one in the opening minutes of the game – as Senegal claimed their first Africa Cup of Nations title with a 4-2 penalty shoot-out victory over seven-time winners Egypt. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2 237 236	220 192 094	100.00%
ETFs	-	-	0.00%
Total	2 237 236	220 192 094	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 220 192 094 worth of shares was traded on the NSX on Thursday, with about N$   45 053 896 worth of Anglo-American, N$ 29 968 494   worth of Shoprite Holdings, No shares were traded on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price fluctuations over a 3-day moving average got the share price to increase at closing
• Shares belonging to Shoprite Holdings increased in price causing a slight up soar price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.47	49.47	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.55	8.55	0.00%
Letshego	LHN	1.53	1.53	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	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.90	8.90	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	690.74	691.38	0.09%
Barloworld Limited	BWL	134.34	136.95	1.94%
Oceana Group Limited	OCG	58.74	58.50	-0.41%
Mediclinic International Plc	MEP	67.00	67.65	0.97%
Truworths	TRW	55.69	56.64	1.71%
Nedbank Group Limited	NBK	193.06	195.51	1.27%
Standard Bank Group	SNB	151.82	155.52	2.44%
Shoprite Holdings	SRH	216.81	220.57	1.73%
FirstRand Limited	FST	62.18	62.88	1.13%
Momentum Metropolitan Holdings	MMT	20.18	20.30	0.59%
Old Mutual Ltd	OMM	13.72	13.86	1.02%
Sanlam Limited	SLA	62.75	62.85	0.16%
Santam Limited	SNM	276.44	282.02	2.02%
Vukile Property Fund Limited	VKN	11.90	12.07	1.43%
Investec Limited	IVD	89.12	90.93	2.03%
PSG Konsult Limited	KFS	13.90	14.05	1.08%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	258.49	256.33	-0.84%
New Gold Palladium ETF	NGNPLD	355.58	350.03	-1.56%
New Gold Platinum ETF N	NGNPLT	153.51	151.80	-1.11%
New Funds S&P NAM Bond	NFNAMA	16.69	16.62	-0.42%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.25
EUR/ZAR	17.47
GBP/ZAR	20.73
EUR/GBP	0.83
EUR/USD	1.11
GBP/USD	1.34
AUD/USD	0.70
USD/JPY	114.97
Commodities
Gold	1 809.20
Silver	22.54
Platinum	1 039.95
Palladium	2 342.52
WTI	90.75
Brent	91.44

Table 5: Exchange Rates and Commodities 

Local News

Trustco Group Holdings’ current liabilities at the end of August 2021 exceeded its current assets by N$ 664 million.   (Namibian Sun)

Solomon Mudege, Fifa’s head of development programmes for Africa, last Friday wrote to the secretary general of the Namibia Football Association (NFA), Franco Cosmos, to express his concern with the NFA’s financial statements. (New Era Newspaper)

Analysts have expressed mixed feelings over Namibia's weakening performance on the Corruption Perceptions Index, according to which the country's ranking fell from 56th place out of 180 countries in 2020 to 58th place in the latest results. (The Namibian)

Sub-Sahara News

Smile Telecommunications - the group founded by SA black empowerment entrepreneur Irene Charnley - is being wound down, which will see debt owed to several SA government funders, including the PIC, extinguished in the transaction. (News24)

South Africa’s Afrigen Biologics has used the publicly available sequence of Moderna’s COVID-19 mRNA vaccine to make its own version of the shot, which could be tested in humans before the end of this year (CNBC Africa)

As of February 3, 2022, confirmed cases of Covid-19 from 55 African countries reached 10 892 533 while over 214 680 685 vaccinations have been administered across the continent (All Africa News)

International News

Russia has formulated several options as an excuse to invade Ukraine, including the potential use of a propaganda video showing a staged attack. (Reuters)

European stocks fell on Friday as risk-off sentiment prevailed amid concerns over higher interest rates and rising geopolitical tensions in Ukraine.(RTT News)

China’s President Xi Jinping is poised for his first face-to-face meeting with a world leader in nearly two years on Friday when he hosts Russian counterpart Vladimir Putin, with the pair drawing closer as tensions grow with the West over Ukraine and other issues. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	70 377	4 437 731	100.00%
ETFs	0	0	0.00%
Total	70 377	4 437 731	100.00%

Table 1: NSX Trades

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NSX Activities

A total of N$ 4 437 731 worth of shares was traded on the NSX on Wednesday , with about N$  1 451 179  worth of Anglo-American, N$  239 402  worth of Shoprite Holdings, and N$  84 073  of SBN Holdings Ltd on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price fluctuations over a 3-day moving average got the share price to decline at closing
• Shares belonging to Shoprite Holdings increased in price causing a slight up soar price at closing.
• On the NSX local listing, SBN Holdings Ltd shares were traded resulting into a dump in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.47	49.47	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.99	5.98	-0.17%
Oryx Limited	ORY	8.55	8.55	0.00%
Letshego	LHN	1.53	1.53	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	12.78	12.78	0.00%
Mobile Telecommunication Company	MOC	8.90	8.90	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	683.50	690.74	1.06%
Barloworld Limited	BWL	133.77	134.34	0.43%
Oceana Group Limited	OCG	58.85	58.74	-0.19%
Mediclinic International Plc	MEP	66.25	67.00	1.13%
Truworths	TRW	57.61	55.69	-3.33%
Nedbank Group Limited	NBK	192.95	193.06	0.06%
Standard Bank Group	SNB	150.00	151.82	1.21%
Shoprite Holdings	SRH	208.13	216.81	4.17%
FirstRand Limited	FST	62.03	62.18	0.24%
Momentum Metropolitan Holdings	MMT	20.38	20.18	-0.98%
Old Mutual Ltd	OMM	13.81	13.72	-0.65%
Sanlam Limited	SLA	62.96	62.75	-0.33%
Santam Limited	SNM	270.78	276.44	2.09%
Vukile Property Fund Limited	VKN	11.95	11.90	-0.42%
Investec Limited	IVD	88.50	89.12	0.70%
PSG Konsult Limited	KFS	14.00	13.90	-0.71%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	257.27	258.49	0.47%
New Gold Palladium ETF	NGNPLD	350.48	355.58	1.46%
New Gold Platinum ETF N	NGNPLT	152.17	153.51	0.88%
New Funds S&P NAM Bond	NFNAMA	16.66	16.69	0.18%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.38
EUR/ZAR	17.38
GBP/ZAR	20.85
EUR/GBP	0.83
EUR/USD	1.11
GBP/USD	1.34
AUD/USD	0.70
USD/JPY	114.47
Commodities
Gold	1 807.40
Silver	22.62
Platinum	1 028.60
Palladium	2 375.77
WTI	87.90
Brent	89.23

Table 5: Exchange Rates and Commodities 

Local News

Ministry of Industrialisation and Trade (MIT) launched the micro,small and medium enterprise (MSME) policy.   (Namibian Sun)

More than 380 Namibian employers provided notice to the labour commissioner to retrench 3244 employees from 1 January 2021 to 31 December 2021. (New Era Newspaper)

The involvement of the National Commission on Science, Research and Technology (NCSRT) in the Science Granting Councils Initiative (SGCI) has resulted in some major positive developments at the commission (The Namibian)

Sub-Sahara News

Eskom, which has a pipeline of shovel-ready projects to support the country's energy transition, should access as much as it can of the $8.5 billion (~R131 billion) pledged by developed nations at COP26, according to chief executive André de Ruyter. (News24)

Kenya plans to spend an extra 108.5 billion shillings ($956.7 million) in the fiscal year to end June, the finance ministry said, a move that will raise the fiscal deficit to 8.1% of gross domestic product from the initial target of 7.5%. (CNBC Africa)

As of February 2, 2022, confirmed cases of Covid-19 from 55 African countries reached   10 874 619 while over 214 545 135 vaccinations have been administered across the continent. (All Africa News)

International News

The United Arab Emirates intercepted and destroyed three drones that entered the Gulf nation's airspace over unpopulated areas early on Wednesday, the defence ministry said (Reuters)

European stocks may succumb to heavy selling pressure on Thursday, with a hawkish Fed decision (RTT News)

The United States is sending 2,000 additional soldiers to Europe and repositioning another 1,000 from Germany to Romania to ensure the “robust defence” of European NATO members (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	92 784	21 715 323	100.00%
ETFs	0	0	0.00%
Total	92 784	21 715 323	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 21 715 323 worth of shares was traded on the NSX on Tuesday, with about N$ 16 882 520 worth of Anglo-American, N$ 1 333 119 worth of Shoprite Holdings, and N$  130 813 of Paratus Namibia Holdings on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price soared in share price as the company buyback policy resumed.
• Shares belonging to Shoprite Holdings were dumped by market participants causing a slight decline in share price.
• On the NSX local listing, Paratus Namibia shares were traded resulting into a dump in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	49.47	49.47	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.00	11.00	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.99	5.99	0.00%
Oryx Limited	ORY	8.56	8.55	-0.12%
Letshego	LHN	1.53	1.53	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	12.78	12.78	0.00%
Mobile Telecommunication Company	MOC	8.90	8.90	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	677.55	683.50	0.88%
Barloworld Limited	BWL	133.02	133.77	0.56%
Oceana Group Limited	OCG	57.16	58.85	2.96%
Mediclinic International Plc	MEP	66.17	66.25	0.12%
Truworths	TRW	57.04	57.61	1.00%
Nedbank Group Limited	NBK	190.52	192.95	1.28%
Standard Bank Group	SNB	149.41	150.00	0.39%
Shoprite Holdings	SRH	210.01	208.13	-0.90%
FirstRand Limited	FST	61.71	62.03	0.52%
Momentum Metropolitan Holdings	MMT	20.18	20.38	0.99%
Old Mutual Ltd	OMM	13.79	13.81	0.15%
Sanlam Limited	SLA	62.85	62.96	0.18%
Santam Limited	SNM	269.00	270.78	0.66%
Vukile Property Fund Limited	VKN	11.83	11.95	1.01%
Investec Limited	IVD	86.72	88.50	2.05%
PSG Konsult Limited	KFS	14.00	14.00	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	260.05	257.27	-1.07%
New Gold Palladium ETF	NGNPLD	363.66	350.48	-3.62%
New Gold Platinum ETF N	NGNPLT	152.32	152.17	-0.10%
New Funds S&P NAM Bond	NFNAMA	16.64	16.66	0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.26
EUR/ZAR	17.20
GBP/ZAR	20.64
EUR/GBP	0.83
EUR/USD	1.11
GBP/USD	1.34
AUD/USD	0.70
USD/JPY	114.03
Commodities
Gold	1 798.18
Silver	22.65
Platinum	1 028
Palladium	2 365.27
WTI	88.38
Brent	89.31

Table 5: Exchange Rates and Commodities 

Local News

Hitachi Energy announced that it has achieved the first-step target set out in its Sustainability 2030 plan.   (Namibian Sun)

Tourism remains one of the hardest-hit sectors by Covid-19 taking the longest to recover as myriad local and international. (New Era Newspaper)

Minister of agriculture, water and land reform Calle Schlettwein has admitted that the current land reform and resettlement programme has not been as effective as intended, because most allocated farms are still unproductive. (The Namibian)

Sub-Sahara News

Power utility Eskom has announced that it will implement stage 2 load shedding from 11:00 on Wednesday morning to 05:00 next week Monday. (News24)

TotalEnergies and its partner China National Offshore Oil Corporation have reached a deal with Uganda and Tanzania to invest more than $10 billion in developing crude oil production in East Africa, the French group said on Tuesday. (CNBC Africa)

Ethiopian Airlines, one of the largest carriers in Africa, has said it will resume flying Boeing 737 MAX planes beginning Tuesday, nearly three years after a deadly crash of the same plane. (All Africa News)

International News

Anglo-Australian miner Rio Tinto's (RIO.AX)(RIO.L) admissions of sexual assault, racism and bullying in an internal report have sparked calls from investors for the entire industry to clean up its act. (Reuters)

Asian stocks ended mixed on Wednesday as investors braced for a hawkish Fed outcome. Concluding a two-day policy meeting later today (RTT News)

Guinea-Bissau’s president says he has survived an attempted coup after assailants armed with machine guns and AK-47s attacked the government palace for hours while the president and prime minister were inside. (Aljazeera News)