Author: Arney Tjaronda Arney Tjaronda

Table 1: NSX Trades

NSX Activities

A total of N$ 23,169,489.84 worth of shares was traded on the NSX on Monday with about N$ 13,193,020 worth of shares belonging to Anglo-American plc and N$ 291,023 worth of shares belonging to Namibia Breweries. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Market participants bought shares belonging to Anglo-American resulting in an increase in the company's stock value by 2.0%% at closing.
• Namibia Breweries shares were traded by market participants, resulting in a slight decline in share price by 0.03% at closing

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

The Communications Regulatory Authority of Namibia (CRAN) said nearly 925,000 SIM cards had already been registered by 30 September. This means 33% of active SIM cards nationwide have been registered… (Sun Newspaper)

The 19 000 metric tonnes (MT) of lithium ore lying in the port of Walvis Bay ready for export to China was not mined at Xinfeng’s Omaruru operations, but is from the open-pit mine in the Uis area, it has been revealed... (New Era Newspaper)

Minister of mines and energy Tom Alweendo says the “right people” should be at the forefront of Namibia’s budding oil and gas industry…(The Namibian Newspaper)

Sub-Sahara News

Michael Jooste wants to have over a billion rands in assets housed in the Jooste family trust unfrozen. But the Reserve Bank says he's out of time... (News24)

A Nigerian court on Monday ordered that former central bank governor Godwin Emefiele, who has been in detention for three months, be unconditionally released or that the government produce him in court on Wednesday for a bail hearing.... (CNBC Africa)

The White House has named Ghanaian-American Deniece Laurent-Mantey as executive director of the President's Advisory Council on African Diaspora Engagement in the United States... (AllAfrica News)

International News

Prime Minister Benjamin Netanyahu said Israel would consider "tactical little pauses" in fighting to facilitate the entry of aid or the exit of hostages from the Gaza Strip, but again rejected calls for a ceasefire despite international pressure... (Reuters News)

European stocks may open flat to slightly lower on Tuesday after Israeli Prime Minister Benjamin Netanyahu rejected calls for a ceasefire in Israel's war against Hamas and vowed the country would "fight until this battle is won… (RTT News)

The mother of two has worked as a farmer with her parents since her childhood in the town of Abasan al-Kabira in southern Gaza, close to the border with Israel… (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$  3,977,219.11 worth of shares was traded on the NSX on Friday with about N$ 29,672 worth of shares belonging to Anglo-American plc and N$ 701,199 worth of shares belonging to Capricorn Group Limited. No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Market participants bought shares belonging to Anglo-American resulting in an increase in the company's stock value by 1.8%% at closing.
• Capricorn Group shares were traded by market participants, resulting in no change in share price at closing

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Construction on Nampower's planned 40 megawatt (MW) Otjikoto Biomass Power Station may commence in March or April next year. Namibia's solar power sector is showing so much potential… (Sun Newspaper)

A draft law seeking changes to the Electoral Act was received with mixed feelings, with some MPs feeling some proposals give the president unfettered powers... (New Era Newspaper)

Finance Minister Iipumbu Shiimi must help his fellow government leaders to appreciate that ‘ROE’ does not mean ‘return on ego’ if he wants to reduce the flow of taxpayer funds to debt repayments and bailing out non-performing parastatals…,(The Namibian Newspaper)

Sub-Sahara News

Sanral, which has only spent half its budget to maintain and build non-toll roads for the past four consecutive years, blew millions last month, sending 29 officials to an international conference in Prague... (News24)

U.S. President Joe Biden’s administration wants to work with Congress to improve a U.S.-Africa trade pact, not just renew it without changes, U.S. Secretary of State Antony Blinken said on Friday.... (CNBC Africa)

Inequality in South Africa is high, whether measured by income or wealth. One of the results is that there's acute public scrutiny of executive compensation.... (AllAfrica News)

International News

Having rebuffed calls for a ceasefire, Israel was set to come under sustained pressure on Monday to avoid civilian casualties during its assault on Gaza, while a U.S. diplomatic blitz in the region sought to reduce risks of the conflict escalating... (Reuters News)

European stocks may open on a mixed note on Monday amid easing U.S. rate concerns and reports of heavy bombardment going on throughout the night across Gaza … (RTT News)

The Palestinian Authority (PA) could return to power in the Gaza Strip only if a “comprehensive political solution” is found to the Israel-Palestine conflict, according to PA President Mahmoud Abbas … (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 20,369,056.62 worth of shares was traded on the NSX on Thursday with about N$ 2,459,468 worth of shares belonging to Anglo-American plc and N$ 454,852 worth of shares belonging to Namibia Breweries. ETFs worth N$ 1,231,890.00 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Market participants bought shares belonging to Anglo-American resulting in an increase in the company's stock value by 2.7%% at closing.
• Namibia Breweries shares were traded by market participants, resulting in a slight decrease in share price by 0.03% at closing
• New Gold Platinum ETF N positions were sold by market players

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

The annual growth in private sector credit extension (PSCE) slowed to 1.6%, year-on-year in September 2023, relative to the 2.3% at the end of August 2023… (Sun Newspaper)

The government has allocated N$8 million towards the Kalimbeza rice project in the Zambezi region, which has been on the brink of collapse to recoup its operations... (New Era Newspaper)

The minister of finance and public enterprises, Ipumbu Shiimi, has told parliament that the question of whether minors should be allowed to be shareholders in companies is a matter to be addressed by the Business and Intellectual Property Authority (Bipa) and not the Central Procurement Board of Namibia (CPBN)... (The Namibian Newspaper)

Sub-Sahara News

Trade, industry and competition minister Ebrahim Patel said on Thursday Africa needed more industrialization and beneficiation to take place on the continent so that it doesn’t just end up exporting "rocks" to other countries such as the US... (News24)

The Africa Export-Import Bank has added 11 African central banks to its flagship Pan- African Payment and Settlement System (PAPSS). It expects the rest to join by next year, a key step in its drive to cut costs and simplify trading across the region’s 55 territories... (CNBC Africa)

CARGO handled at Lake Victoria ports rose to 79,000 tonnes in the first quarter of this fiscal year, above the target of 77,000 tonnes, thanks to increased business operations among East African member states... (AllAfrica News)

International News

Israel said it had surrounded the Gaza Strip's biggest city and the focus of its drive to annihilate Hamas, as the United States was set to press Prime Minister Benjamin Netanyahu to agree to pauses in fighting to allow aid into the Palestinian enclave... (Reuters News)

European stocks were mixed on Friday as weak earnings from the likes of Sanofi, Remy Cointreau and NatWest offset robust U.S. economic data released overnight… (RTT News)

On Monday, a peace activist from Be’er Sheva, in southern Israel, learned that his friend, Khalil Abu Yahia, a resident of the war-torn Gaza Strip, had been killed in an Israeli air strike… (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 2,988,760.83 worth of shares was traded on the NSX on Wednesday with about N$ 172,375 worth of shares belonging to Oceana Group Limited and N$ 46,753 worth of shares belonging to SBN Holdings Ltd. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Oceana Group Limited resulting in a decrease in the company's stock value by 0.1% at closing.
• SBN Holdings Ltd shares were traded by market participants, resulting in a significant increase in share price by 5.3% at closing

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Another 26 000 metric tonnes of lithium ore will be loaded onto the Da Liang cargo ship from next Wednesday… (Sun Newspaper)

A soaring public debt bill, underperforming State-owned entities, and a need to urgently diversify the domestic economy were some of the main concerns that emerged at yesterday’s tabling of the mid-year budget review... (New Era Newspaper)

The European Union (EU) is refuting claims of secrecy surrounding its partnership agreement with the Organisation of African, Caribbean and Pacific States (OACPS), asserting that an agreement has been accessible to the public on their official website... (The Namibian Newspaper)

Sub-Sahara News

The Treasury has cut this year's budget allocations by R21 billion with another R120 billion in cuts to follow in the two years after... (News24)

South Africa’s hopes for a raft of new power projects to help it out of a crippling energy crisis are fading, with investment still elusive as an already extended funding deadline looms, government officials... (CNBC Africa)

Authorities in Gabon have launched a legal battle to get back a precious wooden mask used in secret ceremonies by the Fang ethnic group, which was brought to France in colonial times and sold at auction earlier this year for €4.2 million... (AllAfrica News)

International News

More foreigners prepared to leave the besieged Gaza Strip on Thursday as its Hamas-run government said at least 195 Palestinians died in Israeli attacks on the Jabalia refugee camp, strikes that Israel said had killed Hamas commanders... (Reuters News)

Asian stocks declined on Thursday, tracking steep losses on Wall Street overnight on surging bond yields and mixed earnings news.… (RTT News)

A rhythmic beep accompanies the mechanical ventilator as it breathes oxygen into a premature baby’s lungs. The thin tube stretching from an oxygen tank pumps life into her fragile body, as a monitor tracks the feeble thump of her heart.… (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 39,373,317.97 worth of shares was traded on the NSX on Tuesday with about N$ 2,792,542 worth of shares belonging to Anglo-American plc and N$660,302 worth of shares belonging to Namibia Breweries. ETFs worth N$ 129,210.44 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Anglo-American resulting in a decrease in the company's stock value by 1.1% at closing.
• Namibia Breweries shares were traded by market participants, resulting in a slight decline  in share price by 0.03% at closing
• New Gold Platinum ETF N and New Gold Issuer Ltd NM positions were traded on the market with inverse changes in price

Table 2: Primary listed Trades

­­

Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Overall expenditure for the financial year 2022/2023 has been revised upwards from the N$86.4 billion initially projected in February to N$89 billion… (Sun Newspaper)

The Development Bank of Namibia (DBN) recorded a loss of N$270 million during the 2022/23 financial year, compared to N$185 million the previous year... (New Era Newspaper)

Works and Transport Minister John Mutorwa on Tuesday officially opened the Rundu Annual Trade Fair 2023... (The Namibian Newspaper)

Sub-Sahara News

"The disgraced ex-Steinhoff head has still not paid the R15 million fine the JSE imposed on him for releasing false and misleading financial statements and creating a sham R376 million invoices... (News24)

U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program... (CNBC Africa)

Infectious diseases continue to be the major causes of death in Africa. The burden of existing, emerging, and re-emerging diseases like malaria, tuberculosis, HIV/AIDS, cholera, schistosomiasis, lymphatic filariasis, sleeping sickness, Ebola and SARS continues to grow... (AllAfrica News)

International News

Israeli airstrikes hit a densely populated refugee camp in the Gaza Strip, killing at least 50 Palestinians and a Hamas commander, and medics struggled to treat the casualties in the enclave where food, fuel and basic supplies are running scarce... (Reuters News)

European stocks may open higher on Wednesday, even as the upside may remain capped ahead of the Federal Reserve's rate decision later in the day… (RTT News)

Humanitarian groups have condemned Israel’s attack on Jabalia refugee camp, saying the air raid should be a “wake-up call” to world leaders to secure a ceasefire in Gaza… (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 36,965,173.69 worth of shares was traded on the NSX on Monday with about N$4,137,436 worth of shares belonging to Anglo-American plc and N$ 69,280 worth of shares belonging to Namibia Breweries. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Market participants bought shares belonging to Anglo-American resulting in an increase in the company's stock value by 0.8% at closing.
• FirstRand Namibia shares were traded by market participants, resulting in no change in share price at closing

Table 2: Primary listed Trades

­­

Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Job Amupanda has criticized the trade agreement, under which up to N$21.3 billion has been committed to Namibia by Europe.… (Sun Newspaper)

An environmental clearance certificate (ECC) was given to Headspring Investments, the parent company of Uranium One, which is the company exploring for uranium and rare earth minerals in the Omaheke region... (New Era Newspaper)

Namwater has suffered a loss of approximately N$1,5 million due to theft of five kilometers of cable from its coastal infrastructure since last year... (The Namibian Newspaper)

Sub-Sahara News

"We are governed by guys in their late 60s and some in their 70s with no idea about how the world works," said Investec Group's CEO.… (News24)

The European Union plans to invest 60 million euros ($63 million) in upgrading one of Uganda’s largest hydropower plants, helping partially plug a financing gap for the country’s aging energy infrastructure, a top diplomat said on Monday... (CNBC Africa)

The Democratic Republic of Congo risks descending into violence and a national crisis as the country heads for elections in December...(AllAfrica News)

International News

Hamas said its militants in Gaza fired anti-tank missiles at Israel's invading forces early on Tuesday and Prime Minister Benjamin Netanyahu dismissed calls for a halt to fighting that has deepened the Palestinian enclave's humanitarian crisis... (Reuters News)

European stocks may open a tad lower on Tuesday as investors await the latest business activity data from the region for directional cues… (RTT News)

At least 30 journalists have been killed in the latest Palestinian-Israeli round of violence that began on October 7… (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 48,476,889.04 worth of shares was traded on the NSX on Friday with about N$ 5,291,265 worth of shares belonging to Anglo-American plc and N$ 643,689 worth of shares belonging to FirstRand Namibia Ltd. ETFs worth N$ 294,336.00 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Anglo-American resulting in a decrease in the company's stock value by 0.4% at closing.
• FirstRand Namibia shares were traded by market participants, resulting in no change in share price at closing
• New Gold Platinum ETF N positions were sold by market participants

Table 2: Primary listed Trades

­­

Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Fuel prices in Namibia will remain the same next month after the mines and energy ministry recorded an over-recovery of 148c per litre on petrol in October… (Sun Newspaper)

The Namibia Local Businesses Association (Naloba) has taken a pioneering step in fostering economic resilience and growth by hosting a two-day conference in Windhoek. Taking place under the theme “Revive, Restore and Grow Namibia’s Economy,” the event which ended yesterday was to address pressing issues faced by local businesses and the broader domestic economy.... (New Era Newspaper)

A draft report of auditing firm Deloitte states that the government should investigate why the state appears to have paid around N$1 billion to ‘ghost’ medical aid beneficiaries from 2020 to 2022... (The Namibian Newspaper)

Sub-Sahara News

With delayed decommissioning, pollution from Eskom's power plants will be responsible for a projected 92 000 deaths, over their remaining lifetime, research shows.… (News24)

Emerging market stocks and currencies broadly recovered on Friday, ahead of a highly anticipated U.S. inflation print that could set the tone for monetary policy in the world’s biggest economy.... (CNBC Africa)

The U.S. is looking at ways of making more of an impact on the continent via the African Growth and Opportunity Act (AGOA) as nations gather for the AGOA summit in South Africa from November 2 to 4, 2023...(AllAfrica News)

International News

Air strikes hit areas near two Gaza City hospitals. The bombardments came hours after Israel released images of battle tanks on Gaza's western coast, signaling a potential effort to surround the city.... (Reuters News)

Asian stocks closed with heavy losses on Monday, as the Middle East conflict and the recent surge in bond yields weighed on the markets… (RTT News)

Israeli Prime Minister Benjamin Netanyahu has apologized for a post in which he cast blame on the country’s security services for failing to anticipate Hamas’s October 7 attack, saying he was “wrong” to make such comments at a time when unity is paramount… (Aljazeera News)