NSX DAILY UPDATE (17 MARCH 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 401,200.00 4,791,302.50100.00%
ETFs –   –  0.00%
Total 401,200.00 4,791,302.50100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 4,791,302.50 worth of shares was traded on the NSX on Friday with about N$ 4,788,963 worth of shares belonging to PSG Konsult Limited and N$ 2,340 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • The JSE stock market experienced a sell-off, prompting investors to sell off PSG Konsult shares, resulting in a 1.3% decline in share price performance on the overall bourse
  • Shares belonging to SBN Holdings were traded on the local bourse with no change in share price at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS46.0246.020.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB34.0634.060.00%
Standard Bank NamibiaSNO5.205.200.00%
Oryx LimitedORY11.4911.490.00%
Letshego  LHN3.603.600.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.8412.840.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Anglo-American plcANM553.71557.900.76%
B2Gold CorporationB2G64.6964.61-0.12%
Oceana Group LimitedOCG68.9671.002.96%
Mediclinic International PlcMEP110.57109.98-0.53%
TruworthsTRW52.7052.22-0.91%
Nedbank Group LimitedNBK214.26211.97-1.07%
Standard Bank GroupSNB168.30165.56-1.63%
Shoprite HoldingsSRH215.79215.38-0.19%
FirstRand LimitedFST61.9361.44-0.79%
Momentum Metropolitan HoldingsMMT17.0017.734.29%
Old Mutual LtdOMM11.1411.02-1.08%
Sanlam LimitedSLA54.4353.89-0.99%
Santam LimitedSNM277.88279.460.57%
Vukile Property Fund LimitedVKN13.3713.11-1.94%
Investec LimitedIVD100.5897.58-2.98%
PSG Konsult LimitedKFS11.9511.80-1.26%

Table 3: Dual Listed Trades


Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD330.48335.841.62%
New Gold Palladium ETFNGNPLD253.92248.99-1.94%
New Gold Platinum ETF NNGNPLT171.55172.230.40%
New Funds S&P NAM BondNFNAMA18.2418.22-0.11%

Table 4: ETFs


Exchange Rates @ 07:00 
USD/NAD18.40
EUR/NAD19.64
GBP/NAD22.42
EUR/GBP0.87
EUR/USD1.06
GBP/USD1.21
AUD/USD0.66
USD/JPY131.82
Commodities @ 07:00 
Gold1,991.65
Silver22.59
Platinum979.55
Palladium1,414.53
WTI66.23
Brent72.12

Table 5: Exchange Rates and Commodities 


Local News

The National Housing Enterprise (NHE) board has snubbed a request by the Public Service Union of Namibia (PSUN) to meet for discussions aimed at finding solutions to a labor stand-off that has crippled operations at the housing agency. (Sun Newspaper)

The United Kingdom is in the process of changing Namibia’s status due to the purported abuse of its asylum and other immigration laws, New Era has been reliably informed. (New Era Newspaper)

The outgoing chief executive officer (CEO) of TransNamib, Johnny Smith, has been appointed as Grindrod Rail’s new CEO as of 1 April. (The Namibian Newspaper)

Sub-Sahara News

The gold price is climbing amid financial sector turmoil in the US, and SA miners are well-positioned to benefit. (News24)

Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global airlines’ industry association said on Thursday. (CNBC Africa)

A South African accountant who was investigating high-level corruption cases Cloete Murray (50), and his son Thomas (28), were shot by unknown gunmen on Saturday while they were driving in Johannesburg. (All Africa News)

International News

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks. (Reuters)

Asian stocks ended mixed on Monday as regulators from across the world moved to assuage investor concerns of a global ripple effect coming from the United States. (RTT News)

North Korean leader Kim Jong Un has supervised two days of drills “simulating a nuclear counterattack” — including the firing of a ballistic missile carrying a mock nuclear warhead — according to state news agency KCNA, as South Korea and the United States continued their own military exercises. (Aljazeera News)

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