NSX DAILY UPDATES (31 AUGUST 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 363,909.00 18,020,679.42100.00%
ETFs –   –  0.00%
Total 363,909.00 18,020,679.42100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 18,020,679.42 worth of shares was traded on the NSX on Thursday with about N$ 7,520,162 worth of shares belonging Sanlam Limited and N$10,321,737 worth of shares belonging to Namibia Breweries. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Market participants bought shares belonging to Sanlam resulting in a 2.5% decline in the company’s stock value at the closing.
  • Namibia Breweries 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 NamibiaFNB48.5048.500.00%
Standard Bank NamibiaSNO7.207.200.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.950.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.117.110.00%
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 plcANM493.73506.992.69%
B2Gold CorporationB2G57.8058.451.12%
Oceana Group LimitedOCG70.2069.33-1.24%
TruworthsTRW71.2072.461.77%
Nedbank Group LimitedNBK217.64215.81-0.84%
Standard Bank GroupSNB198.13193.21-2.48%
Shoprite Holdings SRH264.80263.83-0.37%
Firstrand LimitedFST74.3273.40-1.24%
Momentum Metropolitan HoldingsMMT19.9920.130.70%
Old Mutual LtdOMM12.8312.69-1.09%
Sanlam LimitedSLA66.4768.152.53%
Santam LimitedSNM298.27298.610.11%
Vukile Property Fund LimitedVKN13.4113.38-0.22%
Investec LimitedIVD111.54110.84-0.63%
PSG Konsult LimitedKFS14.0814.00-0.57%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD335.95341.531.66%
New Gold Palladium ETFNGNPLD220.40222.901.13%
New Gold Platinum ETF NNGNPLT173.64176.801.82%
Satrix S&P Namibia Bond ETF)SXNNAM19.7319.820.46%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.84
EUR/NAD20.44
GBP/NAD23.87
EUR/GBP0.85
EUR/USD1.08
GBP/USD1.27
AUD/USD0.64
USD/JPY145.56
Commodities @ 07:00 
Gold1,966.20
Silver24.49
Platinum978.50
Palladium1,227.03
WTI83.80
Brent87.08
Table 5: Exchange Rates and Commodities 

Local News

Government, through the Office of the Prime Minister, will allocate N$892.4 million for a drought relief programme to be rolled out in rural areas across all 14 regions. (Sun Newspaper)

President Hage Geingob has encouraged government ministries to work faster on the implementation modalities to accelerate the realization of beneficiation of Namibia’s minerals for sustainable economic and social development. (New Era Newspaper)

According to the World Bank report updated in March, with a Gini index of 59.1, Namibia was second to South Africa. (The Namibian Newspaper)

Sub-Sahara News

If metal prices worsen, Impala will not hesitate to take action over loss-making operations, and not even the recently acquired Royal Bafokeng Platinum would be spared. (News24)

Ride-hailing firm Uber UBER.N on Thursday launched an electric motorbike service in Kenya, its first in Africa, as the company seeks to make its global platform emissions-free by 2040. (CNBC Africa)

A crackdown on anti-UN protests resulted in more than three dozen deaths. The army also said 160 people had been detained (AllAfrica News)

International News

China stepped up measures to boost the country’s faltering economy on Friday, with top banks paving the way for further cuts in lending rates and authorities reducing the amount of funds institutions need to hold in foreign exchange reserves. (Reuters News)

Germany’s economy stabilized as estimated in the second quarter as weak foreign demand offset the strength in government spending and investment, the latest data from Destatis showed Friday. (RTT News)

A judge in the United States has ruled that an 84-year-old white homeowner who shot and seriously injured a Black teenager after he mistakenly went to the man’s house must stand trial. (Aljazeera News)

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