| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 50,054.00 | 4,054,010.53 | 93.52% |
| ETFs | 826.00 | 280,845.04 | 6.48% |
| Total | 50,880.00 | 4,334,855.57 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 4,054,010.53 worth of shares was traded on the NSX on Wednesday with about N$ 238,474 worth of shares belonging to Sanlam Limited and N$ 164,000 worth of shares belonging to Capricorn Group Limited. ETFs worth N$ 280,845.04 were traded on Wednesday
HEI Market Commentary
From the trading activity that took place:
- Market participants bought shares belonging to Sanlam, increasing the company’s stock value by 1.7% at the closing.
- Capricorn Group shares were traded by market participants, resulting in no change in share price at closing.
- New Gold Issuer Ltd NM positions were sold off resulting in a decline in price by 0.5%
| Name | NSX Local Ticker | Price Previous Close ‘N$ | Price End of Day ‘N$ | Daily Change % |
| Namibian Breweries | NBS | 36.60 | 36.60 | 0.00% |
| Nictus Holdings | NHL | 2.20 | 2.20 | 0.00% |
| Capricorn | CGP | 16.40 | 16.40 | 0.00% |
| First Rand Namibia | FNB | 48.50 | 48.50 | 0.00% |
| Standard Bank Namibia | SNO | 7.55 | 7.55 | 0.00% |
| Oryx Limited | ORY | 12.50 | 12.50 | 0.00% |
| Letshego | LHN | 3.88 | 3.88 | 0.00% |
| Namibia Asset Management | NAME | 0.69 | 0.69 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 12.74 | 12.74 | 0.00% |
| Mobile Telecommunication Company | MOC | 7.13 | 7.13 | 0.00% |
| Alpha Namibia Industries Renewable Power Limited | ANE | 8.99 | 8.99 | 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 | 531.15 | 534.79 | 0.69% |
| B2Gold Corporation | B2G | 60.84 | 59.93 | -1.50% |
| Oceana Group Limited | OCG | 75.66 | 75.25 | -0.54% |
| Truworths | TRW | 76.08 | 74.52 | -2.05% |
| Nedbank Group Limited | NBK | 202.22 | 209.24 | 3.47% |
| Standard Bank Group | SNB | 180.72 | 187.95 | 4.00% |
| Shoprite Holdings | SRH | 244.56 | 245.19 | 0.26% |
| Firstrand Limited | FST | 64.82 | 66.75 | 2.98% |
| Momentum Metropolitan Holdings | MMT | 19.51 | 19.97 | 2.36% |
| Old Mutual Ltd | OMM | 12.10 | 12.27 | 1.40% |
| Sanlam Limited | SLA | 67.72 | 68.90 | 1.74% |
| Santam Limited | SNM | 307.57 | 306.28 | -0.42% |
| Vukile Property Fund Limited | VKN | 13.26 | 13.80 | 4.07% |
| Investec Limited | IVD | 104.48 | 107.35 | 2.75% |
| PSG Konsult Limited | KFS | 13.33 | 13.40 | 0.53% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close ‘N$ | Price End of Day ‘N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 340.34 | 338.79 | -0.46% |
| New Gold Palladium ETF | NGNPLD | 230.30 | 231.15 | 0.37% |
| New Gold Platinum ETF N | NGNPLT | 172.00 | 168.56 | -2.00% |
| Satrix S&P Namibia Bond ETF) | SXNNAM | 19.60 | 19.66 | 0.31% |
Table 4: ETFs
| Exchange Rates @ 07:00 | |
| USD/NAD | 18.92 |
| EUR/NAD | 20.12 |
| GBP/NAD | 23.31 |
| EUR/GBP | 0.86 |
| EUR/USD | 1.06 |
| GBP/USD | 1.23 |
| AUD/USD | 0.64 |
| USD/JPY | 148.38 |
| Commodities @ 07:00 | |
| Gold | 1,947.95 |
| Silver | 23.44 |
| Platinum | 926.30 |
| Palladium | 1,265.78 |
| WTI | 89.05 |
| Brent | 92.92 |
Table 5: Exchange Rates and Commodities
Local News
The Central Procurement Board of Namibia has been prohibited from implementing or executing any procurement contract awarded to Cospharm Investments (Sun Newspaper)
Momentum Metropolitan, based in South Africa and with operations in Namibia, has reported a historic peak in normalised headline earnings (NHE) of N$5.1 billion for the 12 months ended 30 June 2023. Operating profit surged by 31% to N$4.4 billion, up from N$3.4 billion the previous year. (New Era Newspaper)
Workers’ unions have lashed out at the government over the slow implementation of a national minimum wage. Acting executive director of labour, industrial relations, and employment creation Lydia Indombo yesterday confirmed the ministry is yet to implement a minimum wage for workers. (The Namibian Newspaper)
Sub-Sahara News
The Monetary Policy Committee has been left with little room to manoeuvre when it announces its interest rate decision on Thursday after annual consumer price inflation rose for the first time in four months. (News24)
Ghana’s economic growth slowed slightly to 3.2% year-on-year in the second quarter compared with a downwardly revised 3.3% growth rate in the first quarter, the country’s statistics agency said on Wednesday. (CNBC Africa)
South African President Cyril Ramaphosa has once again called for the unconditional removal of Western sanctions on Zimbabwe, which he claims are now negatively affecting his country. (AllAfrica News)
International News
Canada this week divulged it had intelligence possibly linking Indian government agents to the murder of a separatist Sikh leader, the kind of news that usually sparks uproar among democratic allies. Not this time. (Reuters News)
Asian stocks rose broadly on Thursday after a highly anticipated U.S. inflation report did little to alter market expectations for the path of rate hikes. Fed funds futures currently imply no chance of a rate hike next week and about a 45 percent chance. (RTT News)
Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) has said that his country was moving steadily closer to normalizing relations with Israel, following similar moves from other Gulf countries, and amid a big push by the United States for a Saudi-Israeli deal. (Aljazeera News)