Author: Arney Tjaronda Arney Tjaronda

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	30,631.00	1,437,327.00	100.00%
ETFs	-	-	0.00%
Total	30,631.00	1,437,327.00	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 1,437,327.00 worth of shares was traded on the NSX on Thursday with about N$1,310,917 worth of shares belonging to Firstrand Limited and N$ 126,410 worth of shares belonging to PSG Financial Services Ltd. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Firstrand Limited resulting in a decrease in the company's stock value by 0.9% at closing.
• PSG Financial Services shares were traded by market participants, resulting in a slight decline in share price by 0.1% at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.00	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.58	7.58	0.00%
Oryx Limited	ORY	12.47	12.47	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.72	12.72	0.00%
Mobile Telecommunication Company	MOC	7.18	7.18	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	478.70	479.92	0.25%
B2Gold Corporation	B2G	62.86	62.04	-1.30%
Oceana Group Limited	OCG	72.78	70.00	-3.82%
Truworths	TRW	72.29	72.00	-0.40%
Nedbank Group Limited	NBK	198.70	198.44	-0.13%
Standard Bank Group	SNB	184.56	183.82	-0.40%
Shoprite Holdings	SRH	240.28	241.77	0.62%
Firstrand Limited	FST	61.39	60.82	-0.93%
Momentum Metropolitan Holdings	MMT	20.46	20.27	-0.93%
Old Mutual Ltd	OMM	11.94	11.83	-0.92%
Sanlam Limited	SLA	67.21	66.15	-1.58%
Santam Limited	SNM	272.85	269.60	-1.19%
Vukile Property Fund Limited	VKN	12.35	12.06	-2.35%
Investec Limited	IVD	102.04	100.34	-1.67%
PSG Konsult Limited	KFS	14.03	14.02	-0.07%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	350.46	349.23	-0.35%
New Gold Palladium ETF	NGNPLD	209.15	207.13	-0.97%
New Gold Platinum ETF N	NGNPLT	165.41	164.46	-0.57%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.80	19.80	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.91
EUR/NAD	19.98
GBP/NAD	22.94
EUR/GBP	0.87
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	150.11
Commodities @ 07:00
Gold	1,998.70
Silver	23.02
Platinum	917.10
Palladium	1,147.50
WTI	84.65
Brent	89.44

Table 5: Exchange Rates and Commodities 

Local News

Foreigners will no longer be allowed to participate in five identified sectors, while those participating in five other listed sectors may only do so from a set investment threshold… (Sun Newspaper)

Bank Windhoek’s executive officer of retail banking services and specialist finance James Chapman said the BRICS alliance nations have shown remarkable resilience in facing challenges, adapting and prospering in an ever-changing world... (New Era Newspaper)

Senior officials at the government’s central medical stores have requested that the procurement threshold be moved up from N$25 million to N$500 million to meet present demands and improve service delivery... (The Namibian Newspaper)

Sub-Sahara News

A recovery plan aims to turn around Transnet's operations quickly - but it hinges on a government bailout… (News24)

South Africa’s social relief grant is likely to be extended beyond next March, economists said, which may add an unbudgeted 50 billion rand ($2.6 billion) to state expenses and require difficult trade-offs before an election year... (CNBC Africa)

The United Nations is on the cusp of negotiating an international tax convention to tackle inequality and tax abuse, but transparency advocates say some wealthy countries are "dragging their feet."(AllAfrica News)

International News

Two U.S. fighter jets struck weapons and ammunition facilities in Syria on Friday in retaliation for attacks on U.S. forces by Iranian-backed militia as concerns grew that the Israel-Hamas conflict may spread in the Middle East... (Reuters News)

Asian stocks tumbled on Friday as escalating Middle East tensions and a continued surge in oil prices clouded the outlook for global economic growth. Gold scaled a three-month peak on safe-haven bids amid fears of the Israel-Hamas war…(RTT News)

The Palestinian envoy to the United Nations has implored member states to vote to end the Israeli bombardment of the Gaza Strip and to increase aid deliveries to the 2.3 million Palestinians living in the besieged territory…(Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	234,587.00	8,035,316.39	95.25%
ETFs	7,434.00	401,111.88	4.75%
Total	242,021.00	8,436,428.27	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,035,316.39 worth of shares was traded on the NSX on Wednesday with about N$ 814,410 worth of shares belonging to Investec Limited and N$1,448,109 worth of shares belonging to Namibia Breweries. ETFs worth N$ 401,111.88 were traded on Wednesday

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 significant decline in share price by 3.03% at closing
• Satrix MSCI EMG Markets NM positions were sold off by investors.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	33.00	32.00	-3.03%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.57	7.58	0.13%
Oryx Limited	ORY	12.47	12.47	0.00%
Letshego	LHN	3.89	3.90	0.26%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.72	12.72	0.00%
Mobile Telecommunication Company	MOC	7.18	7.18	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	481.98	478.70	-0.68%
B2Gold Corporation	B2G	62.89	62.86	-0.05%
Oceana Group Limited	OCG	72.35	72.78	0.59%
Truworths	TRW	71.52	72.29	1.08%
Nedbank Group Limited	NBK	200.58	198.70	-0.94%
Standard Bank Group	SNB	187.17	184.56	-1.39%
Shoprite Holdings	SRH	237.94	240.28	0.98%
Firstrand Limited	FST	60.60	61.39	1.30%
Momentum Metropolitan Holdings	MMT	20.57	20.46	-0.53%
Old Mutual Ltd	OMM	11.86	11.94	0.67%
Sanlam Limited	SLA	66.35	67.21	1.30%
Santam Limited	SNM	272.09	272.85	0.28%
Vukile Property Fund Limited	VKN	12.50	12.35	-1.20%
Investec Limited	IVD	103.16	102.04	-1.09%
PSG Konsult Limited	KFS	14.10	14.03	-0.50%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	347.66	350.46	0.81%
New Gold Palladium ETF	NGNPLD	205.97	209.15	1.54%
New Gold Platinum ETF N	NGNPLT	162.29	165.41	1.92%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.66	19.80	0.71%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	19.23
EUR/NAD	20.27
GBP/NAD	23.22
EUR/GBP	0.87
EUR/USD	1.05
GBP/USD	1.20
AUD/USD	0.62
USD/JPY	150.62
Commodities @ 07:00
Gold	1,996.05
Silver	23.08
Platinum	910.95
Palladium	1,132.28
WTI	84.75
Brent	89.50

Table 5: Exchange Rates and Commodities 

Local News

Agra Ltd posted a profit of nearly N$92.1 million for the year ended 31 July 2023, about 22.8% higher than its previous financial year... (Sun Newspaper)

Green hydrogen (GH) could hold the most industrial potential to foster a meaningful structural transformation of Namibia’s economic base... (New Era Newspaper)

Namibia Police Inspector General Joseph Shikongo said among the factors contributing to human trafficking in Namibia is the country’s high rate of poverty and unemployment, which causes families to sell their children to traffickers to generate income... (The Namibian Newspaper)

Sub-Sahara News

Public Enterprises Minister Pravin Gordhan has dismissed accusations of "political meddling" at troubled state-owned enterprises, Transnet and Eskom... (News24)

Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid a jump in climate-damaging emissions... (CNBC Africa)

The World Bank Board supports the Government of South Africa's efforts to promote long-term energy security and a low carbon transition with a $1 billion Development Policy Loan (DPL)... (AllAfrica News)

International News

Israel bombarded the Gaza Strip as it prepared for a ground invasion it says is aimed at annihilating the Palestinian militant group Hamas as Russia warned the conflict could spread beyond the Middle East... (Reuters News)

European stocks may drift lower on Thursday despite strong earnings from Meta Platforms Inc. and IBM... (RTT News)

The United States is firmly resisting calls for a ceasefire in Gaza, but as the war rages on — killing thousands and risking an all-out regional conflict — questions are arising over its aims in backing the Israeli offensive... (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	956,776.00	41,793,834.51	98.89%
ETFs	1,490.00	470,658.54	1.11%
Total	958,266.00	42,264,493.05	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 41,793,834.51 worth of shares was traded on the NSX on Tuesday with about N$ 4,157,325 worth of shares belonging to Anglo-American plc and N$ 15,840 worth of shares belonging to Namibia Breweries. ETFs worth N$ 470,658.54 were traded on Tuesday.

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 2.5% at closing.
• Namibia Breweries shares were traded by market participants, resulting in a significant decline in share price by 9.54% at closing
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were traded by investors.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.48	33.00	-9.54%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.57	7.57	0.00%
Oryx Limited	ORY	12.47	12.47	0.00%
Letshego	LHN	3.89	3.89	0.00%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.72	12.72	0.00%
Mobile Telecommunication Company	MOC	7.18	7.18	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	470.01	481.98	2.55%
B2Gold Corporation	B2G	63.46	62.89	-0.90%
Oceana Group Limited	OCG	73.20	72.35	-1.16%
Truworths	TRW	71.50	71.52	0.03%
Nedbank Group Limited	NBK	200.73	200.58	-0.07%
Standard Bank Group	SNB	186.48	187.17	0.37%
Shoprite Holdings	SRH	236.89	237.94	0.44%
Firstrand Limited	FST	60.82	60.60	-0.36%
Momentum Metropolitan Holdings	MMT	20.30	20.57	1.33%
Old Mutual Ltd	OMM	11.77	11.86	0.76%
Sanlam Limited	SLA	65.78	66.35	0.87%
Santam Limited	SNM	270.52	272.09	0.58%
Vukile Property Fund Limited	VKN	12.48	12.50	0.16%
Investec Limited	IVD	103.85	103.16	-0.66%
PSG Konsult Limited	KFS	13.93	14.10	1.22%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	348.37	347.66	-0.20%
New Gold Palladium ETF	NGNPLD	205.36	205.97	0.30%
New Gold Platinum ETF N	NGNPLT	163.51	162.29	-0.75%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.51	19.66	0.77%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	19.03
EUR/NAD	20.17
GBP/NAD	23.16
EUR/GBP	0.87
EUR/USD	1.06
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	149.83
Commodities @ 07:00
Gold	1,984.30
Silver	23.07
Platinum	891.55
Palladium	1,132.03
WTI	83.47
Brent	87.79

Table 5: Exchange Rates and Commodities 

Local News

Hundreds of workers at Rosh Pinah Zinc Corporation face serious health consequences from lead exposure - despite mine bosses saying various measures have been put in place to help them. (Sun Newspaper)

Former national airline employees are still vying for their hard-earned pensions some three years after the country officially bid farewell to the national flag carrier, following the government’s decision to proceed with the airline’s voluntary liquidation. (New Era Newspaper)

The mining commissioner in the Ministry of Mines and Energy, Isabella Chirchir, has requested the Erongo regional police to halt Xinfeng Investment and other trucks transporting unprocessed crushed lithium ore from the Kohero mine near Omaruru. (The Namibian Newspaper)

Sub-Sahara News

A turnaround plan prepared by the board of Transnet calls for an R47 billion equity injection and R61 billion in debt relief (News24)

Ghana is looking to boost its oil and gas production by selling more exploration rights, aiming to avoid leaving valuable fossil fuels in the ground and generate revenue to fund its energy transition, a Ghanaian official said on Tuesday. (CNBC Africa)

A class action lawsuit has been filed against nine Anglo American Group companies, including three under Thungela Resources, on behalf of coal miners suffering from lung disease, such as coal mine dust lung disease (CMDLD) and chronic obstructive pulmonary disease (COPD) (AllAfrica News)

International News

The United States and Russia led international calls for a pause in fighting between Israel and Hamas to allow aid into the besieged Gaza Strip, as Israel maintained its bombardment of the enclave where Palestinians are living in harrowing conditions. (Reuters News)

Asian stocks cut early losses to end mixed on Wednesday after a slew of Chinese data topped forecasts.. (RTT News)

The United Nations Security Council has held its first open debate on the Israel-Gaza war, with most members calling for an immediate ceasefire to allow humanitarian aid to reach Palestinians under relentless Israeli bombardment in Gaza. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	71,157.00	5,254,883.88	100.00%
ETFs	-	-	0.00%
Total	71,157.00	5,254,883.88	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 5,254,883.88 worth of shares was traded on the NSX on Monday with about N$ 700,353 worth of shares belonging to Anglo-American plc and N$ 91,219 worth of shares belonging to SBN Holdings Ltd. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Anglo-American resulting in a decline in the company's stock value by 1.2% at closing.
• SBN Holdings shares were traded by market participants, resulting in no change in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.48	36.48	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.57	7.57	0.00%
Oryx Limited	ORY	12.47	12.47	0.00%
Letshego	LHN	3.89	3.89	0.00%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.72	12.72	0.00%
Mobile Telecommunication Company	MOC	7.18	7.18	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	475.92	470.01	-1.24%
B2Gold Corporation	B2G	64.44	63.46	-1.52%
Oceana Group Limited	OCG	71.94	73.20	1.75%
Truworths	TRW	69.15	71.50	3.40%
Nedbank Group Limited	NBK	199.20	200.73	0.77%
Standard Bank Group	SNB	185.06	186.48	0.77%
Shoprite Holdings	SRH	233.42	236.89	1.49%
Firstrand Limited	FST	59.95	60.82	1.45%
Momentum Metropolitan Holdings	MMT	20.44	20.30	-0.68%
Old Mutual Ltd	OMM	11.75	11.77	0.17%
Sanlam Limited	SLA	65.48	65.78	0.46%
Santam Limited	SNM	271.15	270.52	-0.23%
Vukile Property Fund Limited	VKN	12.50	12.48	-0.16%
Investec Limited	IVD	102.73	103.85	1.09%
PSG Konsult Limited	KFS	13.99	13.93	-0.43%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	350.42	348.37	-0.59%
New Gold Palladium ETF	NGNPLD	203.70	205.36	0.81%
New Gold Platinum ETF N	NGNPLT	164.49	163.51	-0.60%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.66	19.51	-0.76%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.89
EUR/NAD	20.18
GBP/NAD	23.19
EUR/GBP	0.87
EUR/USD	1.06
GBP/USD	1.22
AUD/USD	0.63
USD/JPY	149.64
Commodities @ 07:00
Gold	1,986.15
Silver	23.25
Platinum	905.75
Palladium	1,137.78
WTI	85.87
Brent	90.19

Table 5: Exchange Rates and Commodities 

Local News

In Namibia, gross domestic product (GDP) per capita, which measures individual wealth, is projected to average just above US$4 100 - or about N$75 400 - during 2020-2022 (Sun Newspaper)

Namibia’s accommodation establishments reported a 65% occupancy rate for the third quarter of the year. This is slightly higher than during the same time last year, even if it is just by a quarter of a percent. (New Era Newspaper)

The Cabinet has approved a plan to buy 32 government vehicles worth N$25 million for the 2023-24 financial year (The Namibian Newspaper)

Sub-Sahara News

Major coal exporters have been asked to contribute funds that could unlock the supply of critical locomotives and spare parts from a Chinese manufacturer. (News24)

Nigeria on Monday won its bid to overturn an $11 billion damages bill for a collapsed gas processing project it said was procured by a concerted campaign of bribery. (CNBC Africa)

In a powerful gathering of innovative minds, UNFPA, the United Nations sexual and reproductive health agency, in collaboration with the UNFPA-UNICEF Joint Programme on the Elimination of Female Genital Mutilation and the Spotlight Initiative, hosted a three-day summit to address the deeply entrenched social and cultural norms of female genital mutilation (FGM) and child marriage (AllAfrica News)

International News

Israel's military said it was preparing for "unrelenting attacks" to dismantle Hamas while former U.S. President Barack Obama warned that "any Israeli military strategy that ignores the human costs could ultimately backfire. (Reuters News)

Asian stocks recovered some recent losses on Tuesday, with Japan and South Korea leading regional gains amid intense U.S. diplomacy aimed at preventing Israel's war with Hamas from spreading. (RTT News)

Welcome to Gaza, a place where every phone call bears the news of somebody being killed, every message conveys the destruction of a friend’s home, and each air strike sends tremors of fear through your heart. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	232,364.00	15,909,624.61	98.65%
ETFs	4,022.00	216,986.90	1.35%
Total	236,386.00	16,126,611.51	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 15,909,624.61 worth of shares was traded on the NSX on Friday with about N$ 5,410,680 worth of shares belonging to Oceana Group Limited and N$ 3,658,100 worth of shares belonging to FirstRand Namibia Ltd. ETFs worth N$ 216,986.90 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Oceana Group resulting in a decline in the company's stock value by 0.9% at closing.
• FirstRand Namibia shares were traded by market participants, resulting in no change in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.48	36.48	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.57	7.57	0.00%
Oryx Limited	ORY	12.47	12.47	0.00%
Letshego	LHN	3.89	3.89	0.00%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.72	12.72	0.00%
Mobile Telecommunication Company	MOC	7.18	7.18	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	497.35	475.92	-4.31%
B2Gold Corporation	B2G	63.74	64.44	1.10%
Oceana Group Limited	OCG	72.57	71.94	-0.87%
Truworths	TRW	69.72	69.15	-0.82%
Nedbank Group Limited	NBK	201.86	199.20	-1.32%
Standard Bank Group	SNB	190.59	185.06	-2.90%
Shoprite Holdings	SRH	234.19	233.42	-0.33%
Firstrand Limited	FST	60.50	59.95	-0.91%
Momentum Metropolitan Holdings	MMT	20.78	20.44	-1.64%
Old Mutual Ltd	OMM	12.00	11.75	-2.08%
Sanlam Limited	SLA	65.76	65.48	-0.43%
Santam Limited	SNM	270.93	271.15	0.08%
Vukile Property Fund Limited	VKN	12.76	12.50	-2.04%
Investec Limited	IVD	106.61	102.73	-3.64%
PSG Konsult Limited	KFS	13.90	13.99	0.65%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	345.98	350.42	1.28%
New Gold Palladium ETF	NGNPLD	205.74	203.70	-0.99%
New Gold Platinum ETF N	NGNPLT	163.63	164.49	0.53%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.66	19.66	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	19.01
EUR/NAD	20.11
GBP/NAD	23.10
EUR/GBP	0.87
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	149.93
Commodities @ 07:00
Gold	1,986.35
Silver	23.41
Platinum	898.90
Palladium	1,102.53
WTI	86.94
Brent	91.18

Table 5: Exchange Rates and Commodities 

Local News

The City of Windhoek has approached the High Court in a bid to block Ongos Valley Development’s (OVD) plan to produce its own electricity. (Sun Newspaper)

Since its establishment, the Namibia Revenue Agency (NamRA) has been pumping billions of dollars into state coffers as it consistently surpasses its collection targets. This financial year, 2023/24, is no exception because as of 30 September, NamRA has already collected over N$37 billion. (New Era Newspaper)

Only two of the eight people charged in connection with a massive alleged customs scam involving Chinese-owned businesses in Namibia appeared in the Windhoek High Court for their latest pretrial hearing yesterday. (The Namibian Newspaper)

Sub-Sahara News

Standard Bank, which has a presence in 20 African countries, says the DRC is likely to emerge as one of its most important markets outside of SA thanks to the country's massive endowment of minerals needed to drive the global energy transition. (News24)

Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible. (CNBC Africa)

Pharmaceutical manufacturer Adcock Ingram anticipates legal challenges to South Africa's proposed National Health Insurance (NHI) that could potentially hinder its implementation. (AllAfrica News)

International News

Israel has amassed tanks and troops near Gaza, where authorities said 4,600 people have been killed, for a planned ground invasion aiming to annihilate Hamas, which killed 1,400 people in its rampage on southern Israel. (Reuters News)

Asian stocks fell in cautious trading on Monday amid fears that the Israel-Hamas war could spark a wider conflict in the oil-rich region. (RTT News)

United States Secretary of State Antony Blinken said Sunday that Washington is prepared to retaliate if US troops are targeted in the course of the Israel-Hamas war, as the possibility of the conflict spreading across the Middle East rises. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	277,858.00	23,760,919.08	100.00%
ETFs	-	-	0.00%
Total	277,858.00	23,760,919.08	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 23,760,919.08 worth of shares was traded on the NSX on Thursday with about N$ 177,666 worth of shares belonging to Anglo-American plc and N$ 305,338 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 sold shares belonging to Anglo-American resulting in a decline in the company's stock value by 1.6% at closing. This is the first time in October that the share price went below the N$500 mark.

Namibia Breweries shares were traded by market participants, resulting in a decline in share price by 0.03% at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.49	36.48	-0.03%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.57	7.57	0.00%
Oryx Limited	ORY	12.48	12.47	-0.08%
Letshego	LHN	3.89	3.89	0.00%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.73	12.72	-0.08%
Mobile Telecommunication Company	MOC	7.18	7.18	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	505.30	497.35	-1.57%
B2Gold Corporation	B2G	61.33	63.74	3.93%
Oceana Group Limited	OCG	72.30	72.57	0.37%
Truworths	TRW	69.97	69.72	-0.36%
Nedbank Group Limited	NBK	202.96	201.86	-0.54%
Standard Bank Group	SNB	190.91	190.59	-0.17%
Shoprite Holdings	SRH	235.64	234.19	-0.62%
Firstrand Limited	FST	60.48	60.50	0.03%
Momentum Metropolitan Holdings	MMT	20.53	20.78	1.22%
Old Mutual Ltd	OMM	11.93	12.00	0.59%
Sanlam Limited	SLA	65.93	65.76	-0.26%
Santam Limited	SNM	270.10	270.93	0.31%
Vukile Property Fund Limited	VKN	12.77	12.76	-0.08%
Investec Limited	IVD	107.38	106.61	-0.72%
PSG Konsult Limited	KFS	14.08	13.90	-1.28%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	344.24	345.98	0.51%
New Gold Palladium ETF	NGNPLD	205.38	205.74	0.18%
New Gold Platinum ETF N	NGNPLT	161.42	163.63	1.37%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.66	19.66	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	19.09
EUR/NAD	20.21
GBP/NAD	23.14
EUR/GBP	0.87
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	149.94
Commodities @ 07:00
Gold	1,993.44
Silver	23.34
Platinum	904.90
Palladium	1,111.03
WTI	89.53
Brent	93.47

Table 5: Exchange Rates and Commodities 

Local News

A total of 160 building plans were approved by the City of Windhoek in September, 11 fewer than the 181 approved in August (Sun Newspaper)

Local beef producers are demanding a seat at the Meat Corporation of Namibia (Meatco)’s table, saying they have the expertise to offer that which can salvage what they believe is an entity on its way into obscurity. (New Era Newspaper)

The demand for cosmetic procedures is higher than ever. From breast augmentations to ‘tweaks’ such as lip fillers and botox, more and more people around the world each year are undergoing procedures to change how they look. (The Namibian Newspaper)

Sub-Sahara News

The emerging natural gas and helium producer is hard at work to address concerns raised on social media which are weighing heavily on its share price. (News24)

X, the social media service formerly known as Twitter, will launch two new tiers of subscriptions for users, its owner Elon Musk said on Friday. (CNBC Africa)

The City of Johannesburg has apologized for failing to pay its debt collectors for the last six months, vowing to settle the bill owed to 93 companies by October 31 (AllAfrica News)

International News

Israel leveled a northern Gaza district after giving families still there a half-hour warning to escape on Friday, and ordered the evacuation of the biggest Israeli town near Lebanon, as it made clear that a command to invade Gaza was expected soon. (Reuters News)

European stocks traded lower on Friday to extend recent losses as expectations of higher-for-longer interest rates and an escalating Middle East conflict dented investors' appetite for risk. (RTT News)

A young Palestinian girl was shot and killed by Palestinian Authority (PA) security forces on Tuesday during protests in the northern West Bank city of Jenin in response to the deadly explosion at a hospital in the besieged Gaza Strip. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	57,367.00	3,011,421.71	100.00%
ETFs	-	-	0.00%
Total	57,367.00	3,011,421.71	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,011,421.71 worth of shares was traded on the NSX on Wednesday with about N$ 1,201,635 worth of shares belonging to Oceana Group Limited and N$ 200,739 worth of shares belonging to Capricorn Group Limited. 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 decline in the company's stock value by 0.3% at closing.
• Capricorn Group shares were traded by market participants, resulting in a decline in share price by 0.1% at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.49	36.49	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.51	16.50	-0.06%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.58	7.57	-0.13%
Oryx Limited	ORY	12.48	12.48	0.00%
Letshego	LHN	3.89	3.89	0.00%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.73	12.73	0.00%
Mobile Telecommunication Company	MOC	7.18	7.18	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	518.10	505.30	-2.47%
B2Gold Corporation	B2G	59.89	61.33	2.40%
Oceana Group Limited	OCG	72.55	72.30	-0.34%
Truworths	TRW	72.12	69.97	-2.98%
Nedbank Group Limited	NBK	206.82	202.96	-1.87%
Standard Bank Group	SNB	192.00	190.91	-0.57%
Shoprite Holdings	SRH	234.80	235.64	0.36%
Firstrand Limited	FST	62.03	60.48	-2.50%
Momentum Metropolitan Holdings	MMT	20.49	20.53	0.20%
Old Mutual Ltd	OMM	12.32	11.93	-3.17%
Sanlam Limited	SLA	67.37	65.93	-2.14%
Santam Limited	SNM	273.47	270.10	-1.23%
Vukile Property Fund Limited	VKN	12.86	12.77	-0.70%
Investec Limited	IVD	108.03	107.38	-0.60%
PSG Konsult Limited	KFS	14.13	14.08	-0.35%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	336.13	344.24	2.41%
New Gold Palladium ETF	NGNPLD	205.47	205.38	-0.04%
New Gold Platinum ETF N	NGNPLT	162.25	161.42	-0.51%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.66	19.66	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	19.06
EUR/NAD	20.07
GBP/NAD	23.09
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	149.76
Commodities @ 07:00
Gold	1,958.15
Silver	23.05
Platinum	888.00
Palladium	1,118.28
WTI	87.09
Brent	91.15

Table 5: Exchange Rates and Commodities 

Local News

The Namibia Investment Promotion and Development Board (NIPDB) has entered into a strategic partnership with the Estonian Centre for International Development (EstDev). (Sun Newspaper)

Ohlthaver & List (O&L) Group’s executive chairman, Sven Thieme, has been selected as the Top International Executive Chairman of the Year by the International Association of Top Professionals (IAOTP). In a statement, the group noted the recognition is a source of immense pride not only for Thieme and the group but also for the entire Namibia (New Era Newspaper)

The management and financial issues currently facing the National Petroleum Corporation (Namcor) pose a significant risk to Namibia’s new-found oil resources, economist Robin Sherbourne says. (The Namibian Newspaper)

Sub-Sahara News

The newly appointed CEO of Pick n Pay warned that while a turnaround could take years, he is confident that a laser-like focus on individual stores and relationships will help restore the passion and energy that successful retailers need. (News24)

U.S. President Joe Biden left Washington Tuesday evening on a whirlwind trip that was originally expected to touch down in Israel for an update on Israel’s war aims in its battle with Hamas militants, and then Jordan, to stress the need to get humanitarian assistance to Gaza civilians. (CNBC Africa)

According to a report tabled at the city council, government departments and state-owned enterprises (SOEs) owed Johannesburg Water R636 million by the end of 2022. (AllAfrica News)

International News

Israel is vowing to wipe out Hamas in a relentless onslaught on the Gaza Strip but has no obvious endgame in sight, with no clear plan for how to govern the ravaged Palestinian enclave even if it triumphs on the battlefield. (Reuters News)

Asian stocks advanced for a sixth day running on Thursday, with sentiment helped by dovish Fed commentary and a move by China's sovereign wealth fund to buy shares of the country's largest banks. (RTT News)

A young Palestinian girl was shot and killed by Palestinian Authority (PA) security forces on Tuesday during protests in the northern West Bank city of Jenin in response to the deadly explosion at a hospital in the besieged Gaza Strip.. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,715,279.00	116,004,677.21	98.89%
ETFs	19,763.00	1,307,479.76	1.11%
Total	1,735,042.00	117,312,156.97	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 116,004,677.21 worth of shares was traded on the NSX on Tuesday with about N$ 161,252 worth of shares belonging to Anglo-American plc and N$ 537,826 worth of shares belonging to Namibia Breweries. ETFs worth N$ 1,307,479.76 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 decline in the company's stock value by 1.5% at closing.
• Namibia Breweries shares were traded by market participants, resulting in a decline in share price by 0.3% at closing
• Satrix MSCI EMG Markets NM & Satrix MSCI World Feeder NM ETs encountered market activity after a while being dormant

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.59	36.49	-0.27%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.51	0.06%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.56	7.58	0.26%
Oryx Limited	ORY	12.49	12.48	-0.08%
Letshego	LHN	3.88	3.89	0.26%
Namibia Asset Management	NAME	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.74	12.73	-0.08%
Mobile Telecommunication Company	MOC	7.17	7.18	0.14%
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	525.43	518.10	-1.40%
B2Gold Corporation	B2G	60.26	59.89	-0.61%
Oceana Group Limited	OCG	72.69	72.55	-0.19%
Truworths	TRW	74.62	72.12	-3.35%
Nedbank Group Limited	NBK	206.03	206.82	0.38%
Standard Bank Group	SNB	187.63	192.00	2.33%
Shoprite Holdings	SRH	238.25	234.80	-1.45%
Firstrand Limited	FST	61.11	62.03	1.51%
Momentum Metropolitan Holdings	MMT	20.63	20.49	-0.68%
Old Mutual Ltd	OMM	12.35	12.32	-0.24%
Sanlam Limited	SLA	67.32	67.37	0.07%
Santam Limited	SNM	282.00	273.47	-3.02%
Vukile Property Fund Limited	VKN	12.64	12.86	1.74%
Investec Limited	IVD	107.53	108.03	0.46%
PSG Konsult Limited	KFS	14.26	14.13	-0.91%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	335.16	336.13	0.29%
New Gold Palladium ETF	NGNPLD	207.53	205.47	-0.99%
New Gold Platinum ETF N	NGNPLT	160.79	162.25	0.91%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.66	19.66	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.70
EUR/NAD	19.80
GBP/NAD	22.83
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.63
USD/JPY	149.61
Commodities @ 07:00
Gold	1,951.25
Silver	23.31
Platinum	910.95
Palladium	1,150.78
WTI	87.19
Brent	91.57

Table 5: Exchange Rates and Commodities 

Local News

President Hage Geingob says countries can only advance their economies and meet the plight of their people if they adopt a healthy and robust energy mix. (Sun Newspaper)

August 26 Logistics managing director Salatiel Ntinda has been dismissed.This is while chief financial officer (CFO) Karel Nel resigned after an internal investigation found the two men guilty of their roles in the disappearance of N$2.5 million from the military-owned entity. (New Era Newspaper)

Various governors and chairpersons of regional councils have called for the government’s moratorium on the procurement of new vehicles for government offices, ministries, and agencies to be lifted. (The Namibian Newspaper)

Sub-Sahara News

As South Africa searches for solutions to its ongoing energy crisis, Russian energy companies, Gazprom and Rosatom, have expressed an eagerness to collaborate with the country to address load shedding. (News24)

Amazon AMZN.O said on Tuesday it would launch its online shopping service in South Africa next year, making it only the second African country after Egypt where the U.S. e-commerce giant has set up a locally dedicated website (CNBC Africa)

In the 2023 financial year, Shoprite CEO Pieter Engelbrecht received a total pay package of R64.66 million, while Woolworths CEO Roy Bagattini earned a staggering R122.4 million in the same period, (AllAfrica News)

International News

A strike on a Gaza hospital killed hundreds of Palestinians, deepening tensions in the Middle East and raising the stakes for U.S. President Joe Biden as he flies to Israel on Wednesday to signal support for its war against Hamas. (Reuters News)

Asian stocks hit two-week highs on Wednesday as investors cheered dovish Fed talk as well as reports that China is mulling fresh stimulus to boost slowing growth in the world's second-largest economy. (RTT News)

Israel and Spain are embroiled in a diplomatic row after some Spanish ministers were accused by Israel of siding with Hamas in the Middle East conflict, a claim rejected by Madrid. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,932,992.00	188,619,436.87	100.00%
ETFs	-	-	0.00%
Total	2,932,992.00	188,619,436.87	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 188,619,436.87 worth of shares was traded on the NSX on Monday with about N$ 20,176,395 worth of shares belonging to Anglo-American plc and N$ 23,177,825 worth of shares belonging to Sanlam Limited. 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 1.5% at closing.
• Sanlam Limited shares were traded by market participants, resulting in a decline in share price by 1.4% at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.59	36.59	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.56	7.56	0.00%
Oryx Limited	ORY	12.49	12.49	0.00%
Letshego	LHN	3.88	3.88	0.00%
Namibia Asset Management	NAME	0.70	0.70	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	7.17	7.17	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	517.46	525.43	1.54%
B2Gold Corporation	B2G	58.62	60.26	2.80%
Oceana Group Limited	OCG	72.06	72.69	0.87%
Truworths	TRW	74.49	74.62	0.17%
Nedbank Group Limited	NBK	203.64	206.03	1.17%
Standard Bank Group	SNB	187.30	187.63	0.18%
Shoprite Holdings	SRH	237.09	238.25	0.49%
Firstrand Limited	FST	60.86	61.11	0.41%
Momentum Metropolitan Holdings	MMT	20.63	20.63	0.00%
Old Mutual Ltd	OMM	12.55	12.35	-1.59%
Sanlam Limited	SLA	68.25	67.32	-1.36%
Santam Limited	SNM	283.58	282.00	-0.56%
Vukile Property Fund Limited	VKN	12.75	12.64	-0.86%
Investec Limited	IVD	108.37	107.53	-0.78%
PSG Konsult Limited	KFS	13.90	14.26	2.59%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	330.21	335.16	1.50%
New Gold Palladium ETF	NGNPLD	211.10	207.53	-1.69%
New Gold Platinum ETF N	NGNPLT	159.33	160.79	0.92%
Satrix S&P Namibia Bond ETF)	SXNNAM	17.63	19.66	11.51%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.81
EUR/NAD	19.83
GBP/NAD	22.94
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	149.61
Commodities @ 07:00
Gold	1,929.35
Silver	22.65
Platinum	897.55
Palladium	1,151.25
WTI	85.23
Brent	89.74

Table 5: Exchange Rates and Commodities 

Local News

Fisheries Ministry Derek Klazen says illegal fishing activities occurring in Namibia’s exclusive economic zone (EEZ) are a threat to fish stocks (Sun Newspaper)

Prime Minister Saara Kuugongelwa-Amadhila said that based on a vulnerability assessment and analysis, 695,000 people need relief assistance in the country. (New Era Newspaper)

Rosh Pinah Zinc Corporation has begun paying for the medical treatment of children and other individuals showing acute symptoms of lead exposure (The Namibian Newspaper)

Sub-Sahara News

Government service departments, including Home Affairs and the South African Social Security Agency, will be without technical support on Wednesday after calls for a national shutdown from Sita employees. (News24)

When China launched its Belt and Road Initiative 10 years ago, it touted huge infrastructure spending linking it with Western Europe, which as recently as 2019, Britain’s then-finance minister said had “tremendous potential to spread prosperity and sustainable development”. (CNBC Africa)

If you want your country to grow and improve the lives of your people, you need to diversify your economy – and stop subsidizing the rich at the expense of the poor. (AllAfrica News)

International News

U.S. President Joe Biden will make a high-stakes visit to Israel on Wednesday as it prepares to escalate an offensive against Hamas militants that has set off a humanitarian crisis in Gaza and raised fears of a broader conflict with Iran. (Reuters News)

European stocks rallied on Tuesday and bond yields retreated after Federal Reserve officials indicated that the series of interest rate rises in the U.S. may be at an end. (RTT News)

The Israeli call for civilians to evacuate the northern half of the Gaza Strip does not seem to have produced the desired results as of yet. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	78,805.00	3,854,603.16	97.19%
ETFs	331.00	111,444.39	2.81%
Total	79,136.00	3,966,047.55	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,854,603.16 worth of shares was traded on the NSX on Friday with about N$ 2,181,775 worth of shares belonging to Sanlam Limited and N$ 94,512 worth of shares belonging to Namibia Breweries. ETFs worth N$ 111,444.39 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Market participants bought shares belonging to Sanlam Limited resulting in no change in the company's stock value at closing.
• Namibia Breweries shares were traded by market participants, resulting in no change in share price at closing
• New Gold Issuer Ltd NM ETF were subscribed by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.59	36.59	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	16.50	16.50	0.00%
First Rand Namibia	FNB	50.00	50.00	0.00%
Standard Bank Namibia	SNO	7.56	7.56	0.00%
Oryx Limited	ORY	12.49	12.49	0.00%
Letshego	LHN	3.88	3.88	0.00%
Namibia Asset Management	NAME	0.70	0.70	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	7.17	7.17	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	521.46	517.46	-0.77%
B2Gold Corporation	B2G	58.91	58.62	-0.49%
Oceana Group Limited	OCG	73.47	72.06	-1.92%
Truworths	TRW	74.48	74.49	0.01%
Nedbank Group Limited	NBK	204.87	203.64	-0.60%
Standard Bank Group	SNB	188.31	187.30	-0.54%
Shoprite Holdings	SRH	243.50	237.09	-2.63%
Firstrand Limited	FST	61.20	60.86	-0.56%
Momentum Metropolitan Holdings	MMT	20.66	20.63	-0.15%
Old Mutual Ltd	OMM	12.64	12.55	-0.71%
Sanlam Limited	SLA	68.24	68.25	0.01%
Santam Limited	SNM	292.00	283.58	-2.88%
Vukile Property Fund Limited	VKN	12.84	12.75	-0.70%
Investec Limited	IVD	110.76	108.37	-2.16%
PSG Konsult Limited	KFS	13.87	13.90	0.22%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	327.17	330.21	0.93%
New Gold Palladium ETF	NGNPLD	211.62	211.10	-0.25%
New Gold Platinum ETF N	NGNPLT	160.09	159.33	-0.47%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.43	19.48	0.26%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.97
EUR/NAD	19.97
GBP/NAD	23.07
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.63
USD/JPY	149.47
Commodities @ 07:00
Gold	1,928.95
Silver	22.74
Platinum	884.40
Palladium	1,154.28
WTI	86.15
Brent	90.67

Table 5: Exchange Rates and Commodities 

Local News

Following the announcement of a vulnerability assessment analysis and the government’s decision to avail N$892.4 million to its drought-relief programme (Sun Newspaper)

Namibia is currently in demand due to the impact that green hydrogen has on the world, and the nation must have the same vision to attract investors. (New Era Newspaper)

The Cabinet turned down a proposal to bail out the National Petroleum Corporation (Namcor), which is in debt of over N$2 billion and faces potential liquidation. (The Namibian Newspaper)

Sub-Sahara News

One of Christo Wiese's companies sold more than 3.8 million Shoprite shares for nearly R1 billion this week (News24)

The World Bank on Friday said it is bolstering collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a liveable planet free of poverty. (CNBC Africa)

Transnet, the state-owned South African rail, port and pipeline company, says it has completed a turnaround plan (AllAfrica News)

International News

Global finance leaders' paralysis in addressing the fallout from the Hamas attack and Israel's response last week exposed deep geopolitical divisions hampering the International Monetary Fund and World Bank, even as they advanced new funding plans aimed at easing more frequent economic shocks (Reuters News)

European stocks traded lower on Monday amid fresh geopolitical crisis in the Middle East and lingering concerns about the outlook for U.S. interest rates. (RTT News)

Iran has warned Israel of regional escalation if the Israeli military enters Gaza for a ground invasion as the war with Hamas enters its second week (Aljazeera News)