Year: 2022




NSX DAILY UPDATE (17 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 64 609  6 306 848 100.00%
ETFs  -    -   0.00%
Total  64 609  6 306 848  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 6 306 848 worth of shares was traded on the NSX on Monday, with about N$    1 233 384 worth of Anglo-American plc , N$  86 678  worth of Barloworld Limited and N$ 13 317 of SBN Holdings Ltd.   No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s shares were the subscribed causing the share price to increase by 1.2% at closing.
  • Shares in Barloworld Limited were sold off, as bear market conditions stimulate investors’ judgment.
  • On the NSX local listing, SBN Holdings’s shares were dumped by market participants causing a dip in its share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.11 -0.33%
Oryx Limited ORY 8.60 8.60 0.00%
Letshego LHN 1.85 1.85 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 8.60 8.60 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 697.88 706.57 1.25%
Barloworld Limited BWL 140.02 137.90 -1.51%
Oceana Group Limited OCG 55.19 54.45 -1.34%
Mediclinic International Plc MEP 68.49 69.22 1.07%
Truworths TRW 56.70 58.84 3.77%
Nedbank Group Limited NBK 187.15 185.75 -0.75%
Standard Bank Group SNB 147.68 146.15 -1.04%
Shoprite Holdings SRH 208.58 208.63 0.02%
FirstRand Limited FST 64.50 64.55 0.08%
Momentum Metropolitan Holdings MMT 20.29 20.09 -0.99%
Old Mutual Ltd OMM 14.39 14.40 0.07%
Sanlam Limited SLA 63.20 62.78 -0.66%
Santam Limited SNM 274.88 275.94 0.39%
Vukile Property Fund Limited VKN 12.16 12.24 0.66%
Investec Limited IVD 89.62 89.25 -0.41%
PSG Konsult Limited KFS 14.39 14.00 -2.71%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 261.50 262.31 0.31%
New Gold Palladium ETF NGNPLD 284.65 282.65 -0.70%
New Gold Platinum ETF N NGNPLT 145.82 145.91 0.06%
New Funds S&P NAM Bond NFNAMA 16.63 16.50 -0.78%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.43
EUR/ZAR 17.60
GBP/ZAR 21.05
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.71
USD/JPY 114.84
Commodities  
Gold 1 815
Silver 22.97
Platinum 967.60
Palladium 1 879
WTI 84.81
Brent 87.75

Table 5: Exchange Rates and Commodities 


Local News

If Namibia wants to avoid an increase in extreme poverty, competitiveness must improve. Namibia sees itself as victim of external threats and the evils of apartheid four decades ago. (Namibian Sun)

Namibia Financial Institution Supervisory Institutions last week cautioned the public on microlenders retaining possession of bankcards and PIN codes as well as original identification documents (passports, driver’s licenses or IDs) of borrowers. (New Era Newspaper)

The Bank of Namibia (BoN) has come to the defence of its governor, Johannes !Gawaxab, who has been rated as having performed poorly according to the 'Central Banker Report Cards'. (The Namibian)

Sub-Sahara News

South Africa's green hydrogen economy could get as much as €40 million (or about R700 million) in grant funding from the German government for its development. (News24)

Nigeria’s headline inflation has reversed the 8-month decline and has increased to 15.6 per cent in December, with food inflation slowing further. (CNBC Africa)

The long awaited Pan-African Payments and Settlement System (PAPSS) was launched on January 13, 2022 in Accra, Ghana, in a virtual event under the theme: "Connecting Payments, Accelerating Africa's Trade. (All Africa News)

International News

The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending "catastrophic" aviation crisis in less than 36 hours, when AT&T (T.N) and Verizon (VZ.N) are set to deploy new 5G service.. (Reuters)

Asian stocks ended broadly lower on Tuesday amid continuing worries about the Omicron coronavirus and an earlier-than-expected U.S. interest rate hike (RTT News)

The UAE has pledged reprisals after a drone attack claimed by Yemen’s Houthi rebels triggered a fuel tank blast that killed three people in Abu Dhabi. (Aljazeera News)

CPI Report: December 2021

Report by Turimuye Uandara

Executive summary

  • The annual inflation rate for December 2021 increased to (4.5%), up from (2.4%) recorded for the same period last year. See figure 1
  • The main drivers of an increase in the annual inflation rate were transport, clothing and footwear, housing, water, electricity, gas, and other fuels, hotels, cafes and restaurants, miscellaneous goods and services categories. See figure 2
  • On a monthly basis, Namibia recorded an inflation rate of 0.4% in December 2021 when compared to 0.6% in November 2021
  • The main contributors to the monthly inflation rate recorded in December 2021 were mainly transport, alcoholic and beverage tobacco, and hotels, cafes, and restaurants
  • Overall, the average annual inflation rate for the year 2021 rose by 3.6% when compared to 2.2% recorded for the year 2020, driven mainly by the transport inflation

Analysis

  • The transport category recorded an increase in the annual inflation rate from (-1.3%) to (14.3%). This was mainly influenced by high prices for vehicle-related goods (car parts and high fuel prices) which led to an increase in transport fares
  • The annual inflation rate for clothing and footwear increased from (-6.0%) to (-2.1%) as a result of an increase in the price levels of footwear, adult footwear, and dry cleaning, repair, and hire clothing
  • The annual inflation rate for housing, water, electricity, gas, and other fuels increased from (-1.3%) to (1.2%) as a consequence of an increase in the costs of regular maintenance and repair of dwellings
  • Hotels, cafes, and restaurants recorded an increase in the annual inflation rate from (0.1%) to (1.9%) due to an increase in the demand for accommodation services
  • The annual inflation rate for miscellaneous goods and services increased from (5.6%) to (6.9%). This was driven by a high demand  for financial services

Outlook

  • The persisting supply chain troubles on the emergence of the omicron variant virus especially in the advanced economies threaten to prolong the increase in prices of goods and services into 2022.
  • The general inflation will remain elevated in the short to medium term which could bring an end to the accommodative monetary policy in the global economy.

Figure 1: Annual Inflation rate

Source: NSA & HEI RESEARCH

Figure 2: Categorical analysis Year on Year %, Namibia

Source: NSA & HEI RESEARCH

NSX DAILY UPDATE (14 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 366 522  20 704 381 100.00%
ETFs  -    -   0.00%
Total  366 522  20 704 381  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 20 704 381 worth of shares was traded on the NSX on Friday, with about N$   3 501 193 worth of Anglo-American plc , N$ 3 617 482 worth of Momentum Metropolitan Holdings. No trades occurred on the home front.   No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s shares were the unsubscribed causing the share price to sunk by 1.3% prior to closing.
  • Shares in Momentum Metropolitan were sold off, as bear market conditions stimulate investors’ judgment.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 8.60 8.60 0.00%
Letshego LHN 1.85 1.85 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 8.60 8.60 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 705.88 697.88 -1.13%
Barloworld Limited BWL 138.58 140.02 1.04%
Oceana Group Limited OCG 55.54 55.19 -0.63%
Mediclinic International Plc MEP 69.24 68.49 -1.08%
Truworths TRW 56.06 56.70 1.14%
Nedbank Group Limited NBK 188.41 187.15 -0.67%
Standard Bank Group SNB 148.10 147.68 -0.28%
Shoprite Holdings SRH 210.70 208.58 -1.01%
FirstRand Limited FST 64.78 64.50 -0.43%
Momentum Metropolitan Holdings MMT 20.39 20.29 -0.49%
Old Mutual Ltd OMM 14.21 14.39 1.27%
Sanlam Limited SLA 63.04 63.20 0.25%
Santam Limited SNM 276.89 274.88 -0.73%
Vukile Property Fund Limited VKN 12.23 12.16 -0.57%
Investec Limited IVD 89.28 89.62 0.38%
PSG Konsult Limited KFS 13.72 14.39 4.88%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 261.60 261.50 -0.04%
New Gold Palladium ETF NGNPLD 283.88 284.65 0.27%
New Gold Platinum ETF N NGNPLT 145.27 145.82 0.38%
New Funds S&P NAM Bond NFNAMA 16.52 16.63 0.67%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.43
EUR/ZAR 17.61
GBP/ZAR 21.10
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 114.48
Commodities  
Gold 1 820
Silver 22.98
Platinum 967.55
Palladium 1 874
WTI 83.66
Brent 86.32

Table 5: Exchange Rates and Commodities 


Local News

E-Tech Resources Inc is a rare earth element development company. The company owns 100% of the Eureka Project in Namibia which is located approximately 250km north-west of Windhoek, and 140km east of Walvis Bay. (Namibian Sun)

Finance minister Iipumbu Shiimi reaffirmed during yesterday’s 39th Covid-19 national briefing that economic recovery lies in Harambee Prosperity Plan (HPP) II. (New Era Newspaper)

The Namibia Consumer Trust has condemned the practices of more than 170 pharmacies found to have contravened Namibia's competition law by fixing the prices of medicines in the country. (The Namibian)

Sub-Sahara News

In South Africa, petrol price is higher than most other African countries (News24)

A Johnson and Johnson COVID-19 vaccine booster shot is 85% effective in protecting against being hospitalised by the Omicron variant for 1-2 months after it is received, the head of South Africa’s Medical Research Council (SAMRC) said on Friday (CNBC Africa)

The International Trade Union Confederation (ITUC) has urged President Emmerson Mnangagwa of Zimbabwe to urgently release the teachers who were arrested during a flash demonstration last week amid urgent calls to respect citizens' rights (All Africa News)

International News

Credit Suisse (CSGN.S) Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday.(Reuters)

Asian stocks ended mixed on Monday as the Omicron Covid-19 variant continued to spread rapidly around the world and traders pondered the possibility of the U.S. Federal Reserve's faster than expected tapering and rate hikes. (RTT News)

China’s economy grew 4 percent in the final quarter of 2021 to expand 8.1 percent year-on-year, amid stronger-than-expected industrial production in December, government data showed on Monday.(Aljazeera News)

NSX DAILY UPDATE (13 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 408 660  26 027 697 100.00%
ETFs  -    -   0.00%
Total  408 660  26 027 697  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 26 027 697 worth of shares was traded on the NSX on Thursday, with about N$   8 490 077 worth of Anglo-American plc, N$   3 454 040 worth of Mediclinic International Plc and N$   100 002 worth of Letshego Holdings Ltd on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s shares price declined on the stock exchange as buyback programme was halted.
  • Shares in Mediclinic International were the allotted on the stock exchange causing an increase in its share price.
  • On the NSX home front, Letshego Holdings shares were dumped on the stock market when news about mandatory vaccine demotes investors ‘confidence.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 8.50 8.50 0.00%
Letshego LHN 1.95 1.85 -5.13%
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 8.60 8.60 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 713.72 705.88 -1.10%
Barloworld Limited BWL 138.75 138.58 -0.12%
Oceana Group Limited OCG 56.14 55.54 -1.07%
Mediclinic International Plc MEP 68.45 69.24 1.15%
Truworths TRW 55.27 56.06 1.43%
Nedbank Group Limited NBK 186.34 188.41 1.11%
Standard Bank Group SNB 147.02 148.10 0.73%
Shoprite Holdings SRH 209.73 210.70 0.46%
FirstRand Limited FST 64.26 64.78 0.81%
Momentum Metropolitan Holdings MMT 20.14 20.39 1.24%
Old Mutual Ltd OMM 13.67 14.21 3.95%
Sanlam Limited SLA 62.04 63.04 1.61%
Santam Limited SNM 273.75 276.89 1.15%
Vukile Property Fund Limited VKN 12.21 12.23 0.16%
Investec Limited IVD 87.90 89.28 1.57%
PSG Konsult Limited KFS 13.60 13.72 0.88%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 262.58 261.60 -0.37%
New Gold Palladium ETF NGNPLD 290.34 283.88 -2.22%
New Gold Platinum ETF N NGNPLT 147.02 145.27 -1.19%
New Funds S&P NAM Bond NFNAMA 16.49 16.52 0.18%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.35
EUR/ZAR 17.63
GBP/ZAR 21.09
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.37
AUD/USD 0.72
USD/JPY 113.69
Commodities  
Gold 1 827
Silver 23.21
Platinum 977.80
Palladium 1 879.53
WTI 82.07
Brent 84.62

Table 5: Exchange Rates and Commodities 


Local News

The strong recovery in global commodity price such as diamonds, uranium, zinc, copper, and tin which are abundant in Namibia, has strengthen mining investment. (Namibian Sun)

Hydrocarbon exploration in Namibia was given a massive boost, with word spreading fast within the industry that Shell’s high impact Graff-1 exploration well offshore Namibia has discovered light oil. (New Era Newspaper)

Namibia has reduce the number of people it wants to vaccinate to 1,47 million. (The Namibian)

Sub-Sahara News

In South Africa, Platinum group metals (PGM) and chrome producer Tharisa has reported the best quarter on record for the three months ended in December. (News24)

Nigerians on Thursday reacted with mingled relief and indifference to the government’s decision to lift a ban on Twitter, saying many in Africa’s biggest economy had stayed connected via virtual private networks (VPN). (CNBC Africa)

As of January 13, 2022, confirmed cases of Covid-19 from 55 African countries reached 10 202 705 while over 202 925 169 vaccinations have been administered across the continent. (All Africa News)

International News

Citigroup (C.N) has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) (UOBH.SI) for S$4.915 billion ($3.65 billion), bringing the U.S. bank closer to its goal of exiting retail operations in 13 markets. (Reuters)

UK house price inflation accelerated sharply at the end of 2021, but the pace is set to slow this year amid expectations of further interest rate hikes and increasing pressures on household budgets. (RTT News)

North Korea launched at least seven attacks on crypto currency platforms that extracted nearly $400m worth of digital assets last year, one of its most successful years on record. (Aljazeera News)

NSX DAILY UPDATE (12 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 118 148  14 079 033 100.00%
ETFs  -    -   0.00%
Total  118 148  14 079 033  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 14 079 033 worth of shares was traded on the NSX on Wednesday, with about N$ 2 375 862 worth of Anglo-American plc, N$ 2 251 280 worth of Standard Bank Group and N$  17 200  worth Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s shares were the most subscribed on the stock exchange as the company buyback its own shares to keep the share price up.
  • Shares in Standard Bank Group were allotted on the stock exchange, causing a rise in its share price.
  • On the NSX home front, Mobile Telecommunications Limited shares were sold off causing a decrease in share price at closing.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 8.50 8.50 0.00%
Letshego LHN 2.00 2.00 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 8.60 -3.37%
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 679.24 713.72 5.08%
Barloworld Limited BWL 135.48 138.75 2.41%
Oceana Group Limited OCG 55.18 56.14 1.74%
Mediclinic International Plc MEP 69.78 68.45 -1.91%
Truworths TRW 54.50 55.27 1.41%
Nedbank Group Limited NBK 184.90 186.34 0.78%
Standard Bank Group SNB 145.19 147.02 1.26%
Shoprite Holdings SRH 210.14 209.73 -0.20%
FirstRand Limited FST 63.75 64.26 0.80%
Momentum Metropolitan Holdings MMT 20.11 20.14 0.15%
Old Mutual Ltd OMM 13.77 13.67 -0.73%
Sanlam Limited SLA 61.55 62.04 0.80%
Santam Limited SNM 273.85 273.75 -0.04%
Vukile Property Fund Limited VKN 12.29 12.21 -0.65%
Investec Limited IVD 87.08 87.90 0.94%
PSG Konsult Limited KFS 13.60 13.60 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 264.00 262.58 -0.54%
New Gold Palladium ETF NGNPLD 288.57 290.34 0.61%
New Gold Platinum ETF N NGNPLT 142.86 147.02 2.91%
New Funds S&P NAM Bond NFNAMA 16.48 16.49 0.06%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.32
EUR/ZAR 17.53
GBP/ZAR 21.00
EUR/GBP 0.83
EUR/USD 1.14
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 114.62
Commodities  
Gold 1 826
Silver 22.18
Platinum 972.55
Palladium 1 900
WTI 82.48
Brent 83.50

Table 5: Exchange Rates and Commodities 


Local News

Raphael Karuaihe officially assumed duty as AgriBank’s new CEO this week.. (Namibian Sun)

The tussle over a piece of land between Puma Energy Namibia Two and the Namibia Bus and Taxi Association (Nabta) on which they have been operating on for years is far from over as the later claims his rights to the land have never been challenged.(New Era Newspaper)

Letshego Namibia has given its employees until 31 January to get vaccinated against Covid-19 or face being banned from the workplace. (The Namibian)

Sub-Sahara News

In South Africa, gas prices could skyrocket by as much as 220% this year and an organisation representing industrial gas users is now legally challenging National Energy Regulator of South Africa's (Nersa) "failed" gas pricing methodology.. (News24)

The World Bank slashed its global growth forecast for 2022 and 2023, and cautioned that a rise in inflation, debt and income inequality could jeopardize the recovery in emerging and developing economies.(CNBC Africa)

Hundreds of people have been shifted to safety after torrential rains caused floods that killed at least 14 people and damaged houses in the Eastern Cape (All Africa News)

International News

Asian shares were dragged lower by weakness in Chinese economic data on Thursday although investors seemed relieved that U.S. inflation data was not hot enough to force even faster monetary tightening by the Federal Reserve. (Reuters)

European stocks fell from record highs on Thursday as investors digested the hawkish tone in the minutes from the latest U.S. Federal Reserve meeting. (RTT News)

Mali have beaten Tunisia 1-0 in a controversial Group F game at the Africa Cup of Nations (AFCON) that was ended prematurely twice by referee Janny Sikazwe. (Aljazeera News)

NSX DAILY UPDATE (11 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 83 225  4 707 283 100.00%
ETFs  -    -   0.00%
Total  83 225  4 707 283  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 4 707 283 worth of shares was traded on the NSX on Tuesday, with about N$  4 531 787 worth of Firstrand Limited, N$  145 996 worth of PSG Konsult Limited and N$  29 500 worth of FirstRand Namibia Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Firstrand Limited’s shares were the most subscribed on the stock exchange by market participants triggering a surge in share price at market closing.
  • Shares in PSG Konsult were the second most traded shares on the stock exchange, however they were retailed off as bear market conditions stimulate investors’ judgment.
  • On the NSX home front, FirstRand Namibia Ltd shares were traded at market price without a change in the share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 8.50 8.50 0.00%
Letshego LHN 2.00 2.00 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 689.93 679.24 -1.55%
Barloworld Limited BWL 137.67 135.48 -1.59%
Oceana Group Limited OCG 55.80 55.18 -1.11%
Mediclinic International Plc MEP 70.00 69.78 -0.31%
Truworths TRW 54.77 54.50 -0.49%
Nedbank Group Limited NBK 188.76 184.90 -2.04%
Standard Bank Group SNB 147.00 145.19 -1.23%
Shoprite Holdings SRH 208.56 210.14 0.76%
FirstRand Limited FST 63.43 63.75 0.50%
Momentum Metropolitan Holdings MMT 20.05 20.11 0.30%
Old Mutual Ltd OMM 13.90 13.77 -0.94%
Sanlam Limited SLA 61.53 61.55 0.03%
Santam Limited SNM 275.00 273.85 -0.42%
Vukile Property Fund Limited VKN 12.31 12.29 -0.16%
Investec Limited IVD 89.13 87.08 -2.30%
PSG Konsult Limited KFS 13.61 13.60 -0.07%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 263.88 264.00 0.05%
New Gold Palladium ETF NGNPLD 290.78 288.57 -0.76%
New Gold Platinum ETF N NGNPLT 141.41 142.86 1.03%
New Funds S&P NAM Bond NFNAMA 16.52 16.48 -0.24%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.49
EUR/ZAR 17.62
GBP/ZAR 21.14
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 115.32
Commodities  
Gold 1 820
Silver 22.87
Platinum 969.70
Palladium 1 919.53
WTI 81.25
Brent 83.60

Table 5: Exchange Rates and Commodities 


Local News

An index of economic freedom, which measures parameters such as trade freedom, tax burden and judicial effectiveness, says Namibia has a moderately-free economy. (Namibian Sun)

The medical aid fund industry was financially sound and well capitalised as of 30 September 2021 despite the challenging macroeconomic climate coupled with the impact of Covid-19. (New Era Newspaper)

The Heritage Foundation's 2021 Index of Economic Freedom has ranked Namibia in the top five countries in terms of economic freedom in 2021in sub-Saharan Africa. (The Namibian)

Sub-Sahara News

In South Africa, FNB has been recognized by the Global SME Finance Awards 2021 in the Best Bank for Women Entrepreneurs category through an Honorable Mention for its Women in Business portfolio. (News24)

Mali will not be able to complete a 30 billion CFA franc ($52 million) sale of T-bills this week because of sanctions imposed by its neighbours. (CNBC Africa)

President Joseph Biden spoke with Prime Minister Abiy Ahmed of Ethiopia on Monday January 10, 2022 "to discuss the ongoing conflict in Ethiopia and opportunities to advance peace and reconciliation. (All Africa News)

International News

More than 30 officials from major South Korean companies who attended the giant CES tech trade show in Las Vegas last week tested positive for COVID-19 while in the United States. (Reuters)

European stocks were moving higher on Wednesday, though the upside remained capped by Covid-19 worries and uncertainty surrounding the interest-rate outlook.(RTT News)

North Korea’s leader Kim Jong Un personally oversaw the successful test of a hypersonic missile and called on scientists to accelerate efforts to build up the country’s “military muscle”. (Aljazeera News)

NSX DAILY UPDATE (06 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 7 497  124 055 100.00%
ETFs  -    -   0.00%
Total  7 497  124 055  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 124 055 worth of shares was traded on the NSX on Thursday, with about N$ 88 202 worth of Momentum Metropolitan Holdings, N$ 27 200 worth of PSG Konsult Limited and N$ 6 853 worth of Mobile Telecommunication Company on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Momentum Metropolitan shares were subscribed by market participants causing an increase in share price at market closing.
  • Shares in PSG Konsult were sold off as bear market conditions influence investors’ decision making process.
  • On the NSX home front, Mobile Telecommunication Company’s shares were allotted at market price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 9.00 9.00 0.00%
Letshego LHN 2.00 2.00 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 677.74 674.39 -0.49%
Barloworld Limited BWL 139.15 140.57 1.02%
Oceana Group Limited OCG 56.18 56.30 0.21%
Mediclinic International Plc MEP 69.12 68.76 -0.52%
Truworths TRW 53.34 54.45 2.08%
Nedbank Group Limited NBK 185.95 184.69 -0.68%
Standard Bank Group SNB 145.27 144.95 -0.22%
Shoprite Holdings SRH 209.49 211.08 0.76%
FirstRand Limited FST 62.62 62.68 0.10%
Momentum Metropolitan Holdings MMT 19.32 19.51 0.98%
Old Mutual Ltd OMM 13.66 13.60 -0.44%
Sanlam Limited SLA 60.92 60.61 -0.51%
Santam Limited SNM 276.07 275.00 -0.39%
Vukile Property Fund Limited VKN 12.55 12.71 1.27%
Investec Limited IVD 90.14 90.19 0.06%
PSG Konsult Limited KFS 14.00 13.95 -0.36%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 269.84 263.59 -2.32%
New Gold Palladium ETF NGNPLD 293.06 285.34 -2.63%
New Gold Platinum ETF N NGNPLT 150.27 146.74 -2.35%
New Funds S&P NAM Bond NFNAMA 16.53 16.56 0.18%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.75
EUR/ZAR 17.80
GBP/ZAR 21.33
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.35
AUD/USD 0.71
USD/JPY 115.93
Commodities  
Gold 1 789
Silver 22.06
Platinum 962.50
Palladium 1 864
WTI 80.30
Brent 80.13

Table 5: Exchange Rates and Commodities 


Local News

The Institute for Public Policy Research (IPPR) has highlighted many of the challenges Namibia will have to face in getting a green hydrogen industry off the ground. (Namibian Sun)

Government through the finance ministry assured the nation that the chances of defaulting on the N$3.9 billion budget deficit loan Namibia received last year from the International Monetary Fund are minuscule. (New Era Newspaper)

CHINESE businessman Bin Yan, who last year wanted to establish a brickmaking project at Oshakati, might be allocated two industrial plots if there are no objections by this week Friday. (The Namibian)

Sub-Sahara News

The Competition Commission is investigating whether Clover’s new Israeli owner flouted its commitments to the competition authorities, as unions urge government to nationalise the dairy company if a resolution is not found. (News24)

South Africa’s Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country’s rollout of 5G and expansion of 4G capacity already held back by legal action (CNBC Africa)

South African President Cyril Ramaphosa says a scathing report by the Zondo Commission of Inquiry into State Capture marks "the end of an era" of corruption. But analysts say it's only the beginning of efforts needed to restore public trust in South Africa's political institutions (All Africa News)

International News

President Joe Biden on Thursday accused his predecessor Donald Trump of spreading a "web of lies" to undermine U.S. democracy in a speech on the anniversary of the deadly Capitol attack by Trump supporters who tried to undo his 2020 election defeat. (Reuters)

European stocks were mostly lower on Friday as surging Covid-19 infections around the world stoked worries over the pace of global economic recovery. (RTT News)

Omicron is exposing an East-West divide between governments determined to halt the spread of the variant and those that see its spread as inevitable and even necessary. (Aljazeera News)

NSX DAILY UPDATE (05 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 532 437  32 995 692 100.00%
ETFs  -    -   0.00%
Total  532 437  32 995 692  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 32 995 692 worth of shares was traded on the NSX on Wednesday, with about N$ 7 390 338 worth of Anglo- American, N$ 14 729 298 worth of Shoprite Holdings. No ETFs and shares were traded on the home front on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares increased in price at closing following the buying back programmes.
  • Shares in Shoprite Holdings were subscribed in large volumes as consumer staples index increase.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 9.00 9.00 0.00%
Letshego LHN 2.00 2.00 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 672.20 677.74 0.82%
Barloworld Limited BWL 150.45 139.15 -7.51%
Oceana Group Limited OCG 56.77 56.18 -1.04%
Mediclinic International Plc MEP 68.68 69.12 0.64%
Truworths TRW 53.27 53.34 0.13%
Nedbank Group Limited NBK 180.33 185.95 3.12%
Standard Bank Group SNB 145.18 145.27 0.06%
Shoprite Holdings SRH 207.57 209.49 0.92%
FirstRand Limited FST 61.55 62.62 1.74%
Momentum Metropolitan Holdings MMT 19.10 19.32 1.15%
Old Mutual Ltd OMM 13.68 13.66 -0.15%
Sanlam Limited SLA 60.88 60.92 0.07%
Santam Limited SNM 273.21 276.07 1.05%
Vukile Property Fund Limited VKN 12.46 12.55 0.72%
Investec Limited IVD 90.04 90.14 0.11%
PSG Konsult Limited KFS 13.60 14.00 2.94%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 271.26 269.84 -0.52%
New Gold Palladium ETF NGNPLD 294.94 293.06 -0.64%
New Gold Platinum ETF N NGNPLT 152.59 150.27 -1.52%
New Funds S&P NAM Bond NFNAMA 16.55 16.53 -0.12%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.96
EUR/ZAR 18.04
GBP/ZAR 21.59
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.35
AUD/USD 0.71
USD/JPY 115.88
Commodities  
Gold 1 803.35
Silver 22.63
Platinum 972.80
Palladium 1 859
WTI 77.22
Brent 80.13

Table 5: Exchange Rates and Commodities 


Local News

Corruption, which has permeated the entire social structure of Namibia, has robbed the Namibian Youth of gainful employment. (Namibian Sun)

Namibia’s current account balance worsened to a deficit of N$6.4 billion compared to a lower deficit of N$315 million in the corresponding quarter of 2020 and N$3.1 billion a quarter ago. (New Era Newspaper)

Former acting labour commissioner, Kylliki Sihlahla has been officially appointed as the new deputy labour commissioner. (The Namibian)

Sub-Sahara News

President Cyril Ramaphosa has cautioned ANC members who are tempted to challenge the State Capture Inquiry report, saying the report should serve as a lesson for the governing party. (News24)

South Africa’s Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country’s rollout of 5G and expansion of 4G capacity already held back by legal action (CNBC Africa)

As of January 5, 2022, confirmed cases of Covid-19 from 55 African countries reached 9 853 700 while over 191 351 476 vaccinations have been administered across the continent (All Africa News)

International News

North Korea fired a "hypersonic missile" this week that successfully hit a target, state news agency KCNA reported on Thursday, its second such test as the country pursues new military capabilities amid stalled denuclearisation talks (Reuters)

Asian stocks ended Thursday's session on a mixed note despite U.S. shares edging up to news record highs overnight amid light volumes in the final days of the year (RTT News)

The Iraqi armed forces mark their 101st anniversary on Thursday while embarking on a new chapter in their tumultuous history after the United States formally concluded its combat mission in Iraq on December 31, 2021.(Aljazeera News)

NSX DAILY UPDATE (04 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 13 5403  11 147 339 100.00%
ETFs  -    -   0.00%
Total  135 403  11 147 339  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 11 147 339 worth of shares was traded on the NSX on Tuesday, with about N$ 1 190 689 worth of Anglo- American, N$ 2 230 129 worth of Shoprite Holdings  and N$ 2 670  worth 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 shares increased in price at closing following the buying back programmes.
  • Shares in Shoprite Holdings were dumped following the news of a Shoprite worker being stabbed during an in-store attack.
  • On the local NSX front, Mobile Telecommunication Company’s shares were traded at market price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.49 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.13 6.13 0.00%
Oryx Limited ORY 9.00 9.00 0.00%
Letshego LHN 1.96 2.00 2.04%
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 644.97 672.20 4.22%
Barloworld Limited BWL 153.64 150.45 -2.08%
Oceana Group Limited OCG 57.33 56.77 -0.98%
Mediclinic International Plc MEP 69.15 68.68 -0.68%
Truworths TRW 52.53 53.27 1.41%
Nedbank Group Limited NBK 178.18 180.33 1.21%
Standard Bank Group SNB 143.72 145.18 1.02%
Shoprite Holdings SRH 209.69 207.57 -1.01%
FirstRand Limited FST 61.42 61.55 0.21%
Momentum Metropolitan Holdings MMT 19.08 19.10 0.10%
Old Mutual Ltd OMM 13.28 13.68 3.01%
Sanlam Limited SLA 59.80 60.88 1.81%
Santam Limited SNM 273.71 273.21 -0.18%
Vukile Property Fund Limited VKN 12.49 12.46 -0.24%
Investec Limited IVD 88.00 90.04 2.32%
PSG Konsult Limited KFS 13.60 13.60 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 268.83 271.26 0.90%
New Gold Palladium ETF NGNPLD 291.62 294.94 1.14%
New Gold Platinum ETF N NGNPLT 146.24 152.59 4.34%
New Funds S&P NAM Bond NFNAMA 16.59 16.55 -0.24%

Table 4: ETFs


Exchange Rates  
USD/ZAR 16.02
EUR/ZAR 18.10
GBP/ZAR 21.68
EUR/GBP 0.83
EUR/USD 1.12
GBP/USD 1.35
AUD/USD 0.72
USD/JPY 115.98
Commodities  
Gold 1 813
Silver 22.92
Platinum 967.25
Palladium 1 852.03
WTI 77.03
Brent 80.07

Table 5: Exchange Rates and Commodities 


Local News

Namibia is one of four countries scheduled to launch their Sovereign Wealth Funds (SWF) this year. (Namibian Sun)

FNB Namibia has launched a digital hub at their head office in Windhoek. The hub, which offers all FNB’s digital platforms, integrates new world-class technologies to improve the customer experience in a safe and convenient one-stop space. (New Era Newspaper)

President  Hage Geingob says the green hydrogen industry would strengthen the country's renewable energy footprint, which will result in competitive electricity tariffs. (The Namibian)

Sub-Sahara News

The rand took a hard hit on Tuesday, falling through R16 against the dollar. (News24)

More evidence is emerging that the Omicron coronavirus variant is affecting the upper respiratory tract, causing milder symptoms than previous variants. (CNBC Africa)

One complicating factor is that most of the latest major forecasts were published in the weeks before the omicron variant swept the world. At that time, the mood was that recovery was indeed around the corner, with the IMF projecting 4.9% growth in 2022 and the OECD projecting 4.5%. (All Africa News)

International News

Kazakh President Kassym-Jomart Tokayev accepted the government's resignation on Wednesday (Reuters)

Asian stocks ended on a mixed note Wednesday after U.S. stocks ended mostly lower overnight amid profit taking following recent gains (RTT News)

North Korea fired a suspected ballistic missile off its east coast on Wednesday.(Aljazeera News)


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