NSX DAILY UPDATE (24 August 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 71,332.00 8,253,246.54100.00%
ETFs –   –  0.00%
Total 71,332.00 8,253,246.54100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,253,246.54 worth of shares was traded on the NSX on Thursday with about N$ 546,800 worth of shares belonging to Shoprite Holdings and N$ 157,000 worth of shares belonging to Capricorn Group Limited. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Market participants subscribed to shares belonging to Shoprite Holdings resulting in a 0.4% increase in the company’s stock value at the closing.
  • Capricorn Group shares were traded by market participants, resulting in no change in share price at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS38.0038.000.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.7015.700.00%
First Rand NamibiaFNB48.0048.000.00%
Standard Bank NamibiaSNO7.207.200.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.873.870.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.107.100.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Anglo-American plcANM482.66482.36-0.06%
B2Gold CorporationB2G56.8357.891.87%
Oceana Group LimitedOCG70.3570.600.36%
TruworthsTRW68.1868.06-0.18%
Nedbank Group LimitedNBK215.91214.75-0.54%
Standard Bank GroupSNB196.67197.000.17%
Shoprite Holdings SRH261.51262.550.40%
Firstrand LimitedFST73.1673.490.45%
Momentum Metropolitan HoldingsMMT19.2820.305.29%
Old Mutual LtdOMM12.7312.941.65%
Sanlam LimitedSLA64.2765.141.35%
Santam LimitedSNM290.48295.921.87%
Vukile Property Fund LimitedVKN13.0513.110.46%
Investec LimitedIVD108.17108.560.36%
PSG Konsult LimitedKFS14.3014.07-1.61%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD330.11334.161.23%
New Gold Palladium ETFNGNPLD228.45226.89-0.68%
New Gold Platinum ETF NNGNPLT166.53169.331.68%
Satrix S&P Namibia Bond ETF)SXNNAM19.5119.690.92%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.84
EUR/NAD20.33
GBP/NAD23.69
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.25
AUD/USD0.64
USD/JPY146.05
Commodities @ 07:00 
Gold1,942.55
Silver24.12
Platinum940.65
Palladium1,236.03
WTI79.45
Brent83.75

Table 5: Exchange Rates and Commodities 

Local News

The ruling party’s business wing is pushing to bolster the financial capacity of the party in a bid to limit its dependency on donations. (Sun Newspaper)

Erongo Regional Council chairperson Benita Imbamba has rapped both Xinfeng Investment and Longfire Investment over unfair labour practices and squalid living conditions they have subjected mine employees to. (New Era Newspaper)

The Bank of Namibia (BoN) acted illegally and irrationally when it decided to suspend the operations of Trustco Bank a week ago, the chief executive officer of the embattled bank’s holding company, Trustco Group Holdings, is claiming in a case filed at the Windhoek High Court this week. (The Namibian Newspaper)

Sub-Sahara News

Market pressure spurs South32 to accelerate plans for ‘green aluminium’ at Hillside (News24)

The New Development Bank created by BRICS countries in 2015 can help finance African countries’ projects to tackle their most urgent challenges, the bank’s president Dilma Rousseff said on Thursday (CNBC Africa)

Burundian Prime Minister Gervais Ndirakobuca has urged residents of Mabayi district to avoid any collaboration with Rwandan terrorists operating in Kibira forest on the border with Rwanda, local media reports say. (AllAfrica News)

International News

Donald Trump’s mug shot was released on Thursday evening after he was booked at an Atlanta jail on more than a dozen felony charges as part of a wide-ranging criminal case stemming from the former U.S. president’s attempts to overturn his 2020 election defeat in Georgia. (Reuters News)

UK retail sales registered a bigger-than-expected fall in July as poor weather reduced footfall as the rising cost-of-living hurt household consumption, data released by the Office for National Statistics revealed on Friday. (RTT News)

For 80 years, the United States dollar has dominated all other currencies. But a grouping of developing countries tired of the West’s looming presence over global governance and finance is determined to take it down a peg. (Aljazeera News)

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