Author: hei




NSX DAILY UPDATES (08 AUGUST 2023)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 507,881.00 11,938,508.25100.00%
ETFs -   -  0.00%
Total 507,881.00 11,938,508.25100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 11,938,508.25 worth of shares was traded on the NSX on Tuesday with about N$ 6,173 worth of shares belonging to Anglo-American plc and N$ 11,348 worth of shares belonging to Paratus Namibia Holdings. No ETFs 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 1.0% decline in the company's stock value at the closing.
  • Paratus Namibia ‘s 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 BreweriesNBS37.1937.190.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0215.01-0.07%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.2911.290.00%
Letshego  LHN3.943.940.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM525.00519.50-1.05%
B2Gold CorporationB2G59.2160.021.37%
Oceana Group LimitedOCG68.3669.641.87%
TruworthsTRW69.6469.33-0.45%
Nedbank Group LimitedNBK228.27229.700.63%
Standard Bank GroupSNB193.06194.110.54%
Shoprite HoldingsSRH255.29257.120.72%
Firstrand LimitedFST71.8572.250.56%
Momentum Metropolitan HoldingsMMT19.0419.361.68%
Old Mutual LtdOMM13.1113.110.00%
Sanlam LimitedSLA65.5765.15-0.64%
Santam LimitedSNM294.19295.000.28%
Vukile Property Fund LimitedVKN13.6613.911.83%
Investec LimitedIVD112.30112.740.39%
PSG Konsult LimitedKFS13.8613.870.07%
Table 3: Dual Listed Trades
NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD336.63340.781.23%
New Gold Palladium ETFNGNPLD224.13223.02-0.50%
New Gold Platinum ETF NNGNPLT166.35164.92-0.86%
Satrix S&P Namibia Bond ETF)SXNNAM19.6119.610.00%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.87
EUR/NAD20.70
GBP/NAD24.08
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY143.18
Commodities @ 07:00 
Gold1,963.45
Silver23.91
Platinum908.45
Palladium1,221.53
WTI82.82
Brent86.06
Table 5: Exchange Rates and Commodities 

Local News

The Japanese government stands ready to inject US$1.5 billion (about N$28 billion) in mining activities in Namibia, the country’s trade and industry minister Yasutoshi Nishimura said(Sun Newspaper)

TransNamib will soon operate the first dual-fuel locomotive in Africa. If all goes according to plan, two locomotives being converted locally and in South Africa will utilise a combination of green hydrogen to be produced in Namibia and diesel fuel. (New Era Newspaper)

The Ministry of Education, Arts, and Culture has contracted the Namibian Defence Force company August 26 Construction to build classrooms and ablution facilities at public schools countrywide to the tune of N$255,5 million. (The Namibian Newspaper)

Sub-Sahara News

Nedbank says it's looking to originate loans and carve out some additional market share, believing that SA has likely reached the top of the interest rate cycle, and may be in store for a full percentage point of cuts in 2024. (News24)

China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms. (CNBC Africa)

The United Arab Emirates dispatched military vehicles and other security equipment to Chad, the oil-rich Gulf nation announced, saying it was in order to help with border security and counter-terrorism activities. (AllAfrica News)

International News

China's consumer prices fell into deflation in July, while factory gate prices extended their declines, as the world's second-largest economy struggled to revive demand and pressure mounted for authorities to release more direct stimulus. (Reuters News)

Asian stocks tumbled on Wednesday after various surveys showed factory activity around the world took a further turn for the worse in July. (RTT News)

Eight South American countries have agreed to launch an alliance to protect the Amazon, pledging at a summit in Brazil to stop the world’s biggest rainforest from reaching “a point of no return (Aljazeera News)

NSX DAILY UPDATES (07 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,201,150.00 37,035,966.3499.51%
ETFs 1,103.00 181,619.980.49%
Total 1,202,253.00 37,217,586.32100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 37,035,966.34 worth of shares was traded on the NSX on Monday with about N$ 3,239,123 worth of shares belonging to Anglo-American plc and N$2,836,295 worth of shares belonging to Namibia Breweries. ETFs worth N$ 181,619.98  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 0.1% decline in the company's stock value at the closing.
  • Namibia Breweries’ shares were sold-off by market participants, resulting in a slight decline of 0.03% in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS37.2037.19-0.03%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.020.07%
First Rand NamibiaFNB48.0048.010.02%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.29-0.09%
Letshego  LHN3.943.940.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM525.65525.00-0.12%
B2Gold CorporationB2G59.8459.21-1.05%
Oceana Group LimitedOCG68.7168.36-0.51%
TruworthsTRW70.3469.64-1.00%
Nedbank Group LimitedNBK228.20228.270.03%
Standard Bank GroupSNB192.83193.060.12%
Shoprite Holdings SRH252.42255.291.14%
Firstrand LimitedFST71.4971.850.50%
Momentum Metropolitan HoldingsMMT18.9419.040.53%
Old Mutual LtdOMM13.0713.110.31%
Sanlam LimitedSLA66.3365.57-1.15%
Santam LimitedSNM295.97294.19-0.60%
Vukile Property Fund LimitedVKN13.3613.662.25%
Investec LimitedIVD111.95112.300.31%
PSG Konsult LimitedKFS13.9913.86-0.93%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD332.89336.631.12%
New Gold Palladium ETFNGNPLD224.25224.13-0.05%
New Gold Platinum ETF NNGNPLT163.42166.351.79%
Satrix S&P Namibia Bond ETF)SXNNAM19.6119.610.00%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.78
EUR/NAD20.65
GBP/NAD23.97
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY143.27
Commodities @ 07:00 
Gold1,969.15
Silver23.21
Platinum923.35
Palladium1,233.03
WTI81.95
Brent85.30
Table 5: Exchange Rates and Commodities

Local News

The country’s tax agency has tightened its grip on the Namibia Industrial Development Agency (NIDA) over outstanding taxes. (Sun Newspaper)

Namibia Water Corporation (NamWater) on Saturday pumped water from Olushandja South wall outlet into the Etaka-Uuvudhiya earth canal, which stretches over 130 kilometres. (New Era Newspaper)

Several senior government officials have been accused of contravening the Public Service Act by taking up political positions in political parties. (The Namibian Newspaper)

Sub-Sahara News

Outspoken diamond dealer Louis Liebenberg contributed at least R3.2 million to Jacob Zuma's legal fees last year, new court filings show. (News24)

South Africa’s mining output has fallen further below pre-pandemic levels due to persistent electricity outages and rail disruptions, industry data shows, threatening dividend payouts to investors. (CNBC Africa)

Central African Republic (CAR) voters overwhelmingly approved a controversial draft constitution that could see President Faustin Archange Touadera seek a third, longer-term in office. (AllAfrica News)

International News

Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability. (Reuters News)

European stocks traded lower on Tuesday as weak manufacturing PMI data from Asia and Europe revived growth worries (RTT News)

China’s foreign ministry has repeated a call for the Philippines to remove a grounded World War II warship, which Manila uses as a makeshift military base, from a reef in the disputed South China Sea. (Aljazeera News)

NSX DAILY UPDATES (04 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 478,921.00 15,447,808.34100.00%
ETFs -   -  0.00%
Total 478,921.00 15,447,808.34100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 15,447,808.34 worth of shares was traded on the NSX on Friday with about N$ 2,551,758 worth of shares belonging to Shoprite Holdings and N$ 63,840 worth of shares belonging to FirstRand Namibia Ltd. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Market participants subscribed to shares belonging to Shoprite Holdings resulting in a 0.5% increase in the company's stock value at the closing.
  • FirstRand Namibia’s shares were sold off by market participants, resulting in a decline of 4.0% in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS37.2037.200.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.010.00%
First Rand NamibiaFNB50.0048.00-4.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.943.940.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM530.67525.65-0.95%
B2Gold CorporationB2G61.1959.84-2.21%
Oceana Group LimitedOCG69.6668.71-1.36%
TruworthsTRW69.3470.341.44%
Nedbank Group LimitedNBK224.93228.201.45%
Standard Bank GroupSNB182.44192.835.70%
Shoprite Holdings SRH251.06252.420.54%
Firstrand LimitedFST70.8971.490.85%
Momentum Metropolitan HoldingsMMT18.5018.942.38%
Old Mutual LtdOMM12.8613.071.63%
Sanlam LimitedSLA64.7966.332.38%
Santam LimitedSNM295.45295.970.18%
Vukile Property Fund LimitedVKN13.4313.36-0.52%
Investec LimitedIVD111.47111.950.43%
PSG Konsult LimitedKFS14.0913.99-0.71%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD337.34332.89-1.32%
New Gold Palladium ETFNGNPLD226.34224.25-0.92%
New Gold Platinum ETF NNGNPLT166.21163.42-1.68%
Satrix S&P Namibia Bond ETF)SXNNAM19.4719.610.72%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.48
EUR/NAD20.29
GBP/NAD23.51
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY142.20
Commodities @ 07:00 
Gold1,970.70
Silver23.52
Platinum929.70
Palladium1,260.50
WTI82.70
Brent86.11
Table 5: Exchange Rates and Commodities 

Local News

The government is almost guaranteed to pay for its own participation in the first two stages of the project – the feasibility and financial close phases. (Sun Newspaper)

The Nyeka Yepumba Farmers Association on Monday inaugurated its new office at Etunda in the Onesi constituency. (New Era Newspaper)

The Ministry of Urban and Rural Development has allocated N$10 million to the Shack Dwellers Federation of Namibia to curb the effects of the housing shortage in the country. (The Namibian Newspaper)

Sub-Sahara News

The government is again facing a financial squeeze as low growth, falling revenue and high borrowing costs stack up against it. (News24)

Developing nations will need more than $1 trillion each year to make significant progress in climate transition, according to Mari Pangestu, a former World Bank official. (CNBC Africa)

Former Eskom CEO Andre de Ruyter has secured a new position at Yale University in the U.S., following his departure from the troubled power utility. (SABC News)

International News

Both countries have stepped up attacks on each other's troops, weaponry, and infrastructure supporting the war as Ukraine seeks to dislodge Russian forces who have dug in across southern and eastern Ukraine. (Reuters News)

European stocks were flat to slightly higher on Monday after China's State Council announced further measures to bolster consumption and economic growth. (RTT News)

Yeye Issoufou has joined pro-coup demonstrations in Niger three times since members of the presidential guards seized power in the West African country on July 26. (Aljazeera News)

NSX DAILY UPDATES (03 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 306,616.00 10,888,552.8599.02%
ETFs 396.00 107,445.480.98%
Total 307,012.00 10,995,998.33100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 10,888,552.85 worth of shares was traded on the NSX on Thursday with about N$ 2,198,046 worth of shares belonging to Anglo-American plc and N$24,780 worth of shares belonging to Mobile Telecommunications Limited. ETFs worth N$ 107,445.48 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Market participants subscribed to shares belonging to Anglo-American resulting in a marginal increase in the company's stock value of 0.8% at the closing.
  • Mobile Telecommunications Limited’s 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 BreweriesNBS37.2037.200.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.010.00%
First Rand NamibiaFNB50.0050.000.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.94-0.25%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM526.44530.670.80%
B2Gold CorporationB2G62.1861.19-1.59%
Oceana Group LimitedOCG68.1569.662.22%
TruworthsTRW68.4869.341.26%
Nedbank Group LimitedNBK226.45224.93-0.67%
Standard Bank GroupSNB183.80182.44-0.74%
Shoprite Holdings SRH251.07251.060.00%
Firstrand LimitedFST70.7970.890.14%
Momentum Metropolitan HoldingsMMT18.3118.501.04%
Old Mutual LtdOMM12.7912.860.55%
Sanlam LimitedSLA64.5264.790.42%
Santam LimitedSNM295.03295.450.14%
Vukile Property Fund LimitedVKN13.4113.430.15%
Investec LimitedIVD111.59111.47-0.11%
PSG Konsult LimitedKFS13.9214.091.22%
Table 3: Dual Listed Trades

`

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD334.34337.340.90%
New Gold Palladium ETFNGNPLD220.94226.342.44%
New Gold Platinum ETF NNGNPLT164.69166.210.92%
Satrix S&P Namibia Bond ETF)SXNNAM19.4319.470.21%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.67
EUR/NAD20.45
GBP/NAD23.75
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY142.37
Commodities @ 07:00 
Gold1,969.20
Silver23.52
Platinum921.40
Palladium1,248.53
WTI81.67
Brent85.19
Table 5: Exchange Rates and Commodities 

Local News

The Namibia Investment and Promotion Development Board (NIPDB) says due care was exercised by the government to negotiate a sound deal with green hydrogen firm, Hyphen Hydrogen Energy. (Sun Newspaper)

While acknowledging that the Namibia Press Agency finds itself between a rock and a hard place, a board member says they cannot fire the company’s CEO Linus Chata like the employees want, as this would breach his employment contract. (New Era Newspaper)

Chinese-owned Zhong Mei Engineering has taken the Namibia Revenue Agency (Namra) to the High Court seeking an order to set aside a decision that will see them pay N$33 million in outstanding taxes. (The Namibian Newspaper)

Sub-Sahara News

As the performance of a dysfunctional Durban port grows ever more dismal, much hope is pinned on Transnet's new partnership with Filipino ports giant International Container Terminal Services. (News24)

West African defense chiefs were set to wrap up discussions about possible intervention in Niger on Friday, as mediators from the regional bloc push coup leaders in Niamey to restore constitutional order before an approaching deadline. (CNBC Africa)

The Western Cape government plans to seek a provincial state of disaster declaration from the National Disaster Management Centre following severe flooding in June, causing estimated unfunded damages exceeding R700 million. (AllAfrica News)

International News

Donald Trump pleaded not guilty on Thursday to charges he orchestrated a plot to try to overturn his 2020 election loss in what U.S. prosecutors call an unprecedented effort by the then-president to undermine the pillars of American democracy. (Reuters News)

European stocks traded mixed on Friday, with U.K. markets outperforming on the back of encouraging corporate earnings. German and French markets saw modest losses after a slew of strong U.S. economic data and the BOJ's tweak to its yield curve. (RTT News)

After silencing Hong Kong’s pro-democracy movement, authorities in the territory have found a new target: the family members of dissidents who fled overseas. (Aljazeera News)

Private Sector Credit Extension Report (PSCE), June 2023

Analysis

Credit provision to individuals and businesses in the private sector increased by N$875,000 between May and June 2023. This equated to a monthly growth of 1.4%. In actual dollars, total credit provided to the private sector grew from N$118,312 million in May 2023 to N$119,187 million in June 2023, due to high growth in mortgage loans and installment credit as well as personal loans and credit cards which sustained the momentum by the household category. (Figure 1). Additionally, the month under review recorded higher demand for overdraft loans spanning from the high demand from corporations in the services and manufacturing sectors.

On an annual basis, total credit extended to the private sector increased by 2.9%, for June 2023. The yearly growth for the Private Sector Credit Extension (PSCE) was driven by an increase in credit demand by the business category, mainly by the sub-category of overdrafts increasing from a decline of 9.43% to 9.4% respectively. Furthermore, mortgages and overdrafts by the business category recorded significant declines during the period under review. Notwithstanding this, the category of other loans and advances for households improved significantly year-on-year recording a growth of 15.9% from 5.18% which was recorded in June 2022. (Figures 2& 3). Additionally, between June 2022 and June 2023, households borrowed a cumulative amount of approximately N$837,068 million, while businesses acquired credit amounting to around N$596,092 million. These continue to highlight the dominance of the demand for credit by households in Namibia's private sector credit extension environment.

 Figure 1: Annual % ∆ growth rates on Total Credit Extended to the Private Sector vs. Repo Rate & Interest Rate, (January 2022- June 2023)

Source: BON, NSA & HEI RESEARCH

Figure 2: The % ∆ in Credit Extended to Businesses per category Year on Year

(June 2022- June 2023)

Source: BON & HEI RESEARCH

Figure 3: The % ∆ of Credit Extended to Individuals per category Year on Year,

(June 2022-June 2023)

Source: BON & HEI RESEARCH

Outlook

We anticipate a recovery in credit extension to businesses and households in the short to medium term, primarily driven by the easing of inflation, which is likely to result in a pause in the upward adjustment of interest rates.

NSX DAILY UPDATES (02 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 530,596.00 44,948,672.9678.35%
ETFs 574,550.00 12,423,325.0021.65%
Total 1,105,146.00 57,371,997.96100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 44,948,672.96 worth of shares was traded on the NSX on Wednesday with about N$ 12,095,757 worth of shares belonging to Anglo-American plc and N$ 4,225 worth of shares belonging to SBN Holdings Ltd. ETFs worth N$12,423,325.00 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 decline in the company's stock value of 3.7% at the closing.
  • SBN Holdings’ 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 BreweriesNBS37.2037.200.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.010.00%
First Rand NamibiaFNB50.0050.000.00%
Standard Bank NamibiaSNO6.506.500.00%
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 CompanyMOC7.087.080.00%
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 plcANM546.46526.44-3.66%
B2Gold CorporationB2G61.7762.180.66%
Oceana Group LimitedOCG69.5068.15-1.94%
TruworthsTRW69.8468.48-1.95%
Nedbank Group LimitedNBK233.35226.45-2.96%
Standard Bank GroupSNB191.00183.80-3.77%
Shoprite Holdings SRH258.70251.07-2.95%
Firstrand LimitedFST72.9270.79-2.92%
Momentum Metropolitan HoldingsMMT18.7618.31-2.40%
Old Mutual LtdOMM13.0312.79-1.84%
Sanlam LimitedSLA65.9164.52-2.11%
Santam LimitedSNM301.12295.03-2.02%
Vukile Property Fund LimitedVKN13.3413.410.52%
Investec LimitedIVD112.35111.59-0.68%
PSG Konsult LimitedKFS14.3613.92-3.06%
Table 3: Dual Listed Trades

`

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD329.31334.341.53%
New Gold Palladium ETFNGNPLD216.88220.941.87%
New Gold Platinum ETF NNGNPLT162.77164.691.18%
Satrix S&P Namibia Bond ETF)SXNNAM19.5219.43-0.46%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.49
EUR/NAD20.22
GBP/NAD23.48
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY143.53
Commodities @ 07:00 
Gold1,969.15
Silver23.67
Platinum926.25
Palladium1,234.03
WTI79.43
Brent83.14
Table 5: Exchange Rates and Commodities 

Local News

Deputy Minister of Finance Maureen Hinda-Mbuende says insider trading within public enterprises should be criminalised and incorporated into the country’s anti-corruption laws (Sun Newspaper)

Five years later, a paltry 25 of the 169 resolutions taken at the 2018 land Indaba have been fully implemented, a draft progress report on the second national land conference reveals. (New Era Newspaper)

Activist and politician Job Amupanda has responded to the criticism he is facing from various individuals and organizations who disapprove of his consumption of dog meat after he posted a video of him consuming dog meat in the north. (The Namibian Newspaper)

Sub-Sahara News

The case deals with click-wrap agreements and dark pattern marketing that lure consumers into entering into online agreements for unwanted goods or services. (News24)

Britain on Thursday said it had agreed deals with Zambia on clean energy and critical minerals as foreign minister James Cleverly ends a four-day visit to Africa to deepen ties. (CNBC Africa)

Action is needed now to pave the way for timely and credible elections in South Sudan next December, the UN Special Representative for the country told journalists in the capital, Juba, on Wednesday., (AllAfrica News)

International News

Russian forces have made no headway along the front lines, but are entrenched in heavily mined areas they control, making it difficult for Ukrainian troops to move east and south, Ukrainian officials said on Wednesday. (Reuters News)

European shares hit nine-week highs on Thursday as investors reacted to the Fed's interest-rate decision and awaited the ECB rate announcement later in the day. (RTT News)

Niger’s coup leader has declared that he will not bow down to pressure to reinstate deposed President Mohamed Bazoum, criticizing sanctions imposed by West African leaders as “illegal” and “inhumane” and urging his countrymen to get ready to defend their nation. (Aljazeera News)

NSX DAILY UPDATES (01 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 34,438.00 1,143,773.87100.00%
ETFs -   -  0.00%
Total 34,438.00 1,143,773.87100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 1,143,773.87 worth of shares was traded on the NSX on Tuesday with about N$ 107,124 worth of shares belonging to Vukile Property Fund Limited and N$ 818,400 worth of shares belonging to Namibia Breweries. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Market participants bought shares belonging to Vukile Property Fund, resulting in an increase of the company's stock value of 2.1% at the closing.
  • Namibia Breweries’ shares were traded by market participants, resulting in an uptick of 1.1%  in share price at closing.           
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.8037.201.09%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.010.00%
First Rand NamibiaFNB50.0150.00-0.02%
Standard Bank NamibiaSNO6.506.500.00%
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 CompanyMOC7.087.080.00%
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 plcANM548.46546.46-0.36%
B2Gold CorporationB2G60.5961.771.95%
Oceana Group LimitedOCG69.8269.50-0.46%
TruworthsTRW71.7969.84-2.72%
Nedbank Group LimitedNBK235.00233.35-0.70%
Standard Bank GroupSNB191.00191.000.00%
Shoprite Holdings SRH258.40258.700.12%
Firstrand LimitedFST72.7972.920.18%
Momentum Metropolitan HoldingsMMT18.9618.76-1.05%
Old Mutual LtdOMM13.0113.030.15%
Sanlam LimitedSLA65.7765.910.21%
Santam LimitedSNM296.85301.121.44%
Vukile Property Fund LimitedVKN13.0713.342.07%
Investec LimitedIVD111.63112.350.64%
PSG Konsult LimitedKFS14.3314.360.21%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD324.88329.311.36%
New Gold Palladium ETFNGNPLD219.32216.88-1.11%
New Gold Platinum ETF NNGNPLT163.19162.77-0.26%
Satrix S&P Namibia Bond ETF)SXNNAM19.5619.52-0.20%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.32
EUR/NAD20.14
GBP/NAD23.41
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY142.86
Commodities @ 07:00 
Gold1,986.10
Silver24.45
Platinum937.45
Palladium1,228.53
WTI82.22
Brent85.78
Table 5: Exchange Rates and Commodities 

Local News

Bulk energy supplier NamPower says it is owed a combined N$790 million by various government offices, local authorities, and regional electricity distributors. (Sun Newspaper)

Four business parks in the Hardap region, developed by the government to provide infrastructure to small businesses, are gathering dust as little to no business activity is taking place. (New Era Newspaper)

The Bank of Namibia (BoN) is maintaining its stance that cryptocurrencies and virtual assets are not yet authorized as legal tender for transactions involving goods and services within the country. (The Namibian Newspaper)

Sub-Sahara News

A hedge fund collapsed after shorting Sanlam - its founder now faces legal action at last (News24)

India’s rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt. (CNBC Africa)

The interior ministry of Senegal has disbanded Ousmane Sonko's political party for inciting disorder among his supporters during last month's violent protests, which resulted in clashes between protesters and police in the country's capital, Dakar, (AllAfrica News)

International News

Donald Trump was indicted on Tuesday for his wide-ranging attempts to overturn the 2020 election, the third time in four months that the former U.S. president has been criminally charged even as he campaigns to regain the presidency next year (Reuters News)

European stocks were subdued on Wednesday as investors braced for another interest-rate hike from the Federal Reserve later in the day (RTT News)

Top rating agency Fitch has downgraded the United States’s credit rating over its rising debt and a “deterioration in standards of governance”, prompting protests from the White House. (Aljazeera News)

NSX DAILY UPDATES (31 JULY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 688,557.00 21,643,741.67100.00%
ETFs -   -  0.00%
Total 688,557.00 21,643,741.67100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 21,643,741.67 worth of shares was traded on the NSX on Monday with about N$ 11,102,495 worth of shares belonging to Anglo-American plc and N$274,418 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 plc, resulting in an increase of the company's stock value of 1.6% 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 BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.010.00%
First Rand NamibiaFNB50.0050.010.02%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.950.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM539.92548.461.58%
B2Gold CorporationB2G62.0460.59-2.34%
Oceana Group LimitedOCG68.7969.821.50%
TruworthsTRW70.7171.791.53%
Nedbank Group LimitedNBK235.34235.00-0.14%
Standard Bank GroupSNB190.11191.000.47%
Shoprite Holdings SRH256.31258.400.82%
Firstrand LimitedFST72.6972.790.14%
Momentum Metropolitan HoldingsMMT18.9618.960.00%
Old Mutual LtdOMM12.9013.010.85%
Sanlam LimitedSLA66.2565.77-0.72%
Santam LimitedSNM299.84296.85-1.00%
Vukile Property Fund LimitedVKN13.2013.07-0.98%
Investec LimitedIVD111.50111.630.12%
PSG Konsult LimitedKFS14.4514.33-0.83%
Table 3: Dual Listed Trades

`

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD321.74324.880.98%
New Gold Palladium ETFNGNPLD214.58219.322.21%
New Gold Platinum ETF NNGNPLT159.17163.192.53%
Satrix S&P Namibia Bond ETF)SXNNAM19.4619.560.51%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD17.90
EUR/NAD19.67
GBP/NAD22.95
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.28
AUD/USD0.66
USD/JPY142.70
Commodities @ 07:00 
Gold1,994.90
Silver24.55
Platinum54.60
Palladium1,269.03
WTI81.52
Brent85.12
Table 5: Exchange Rates and Commodities 

Local News

Namib Desert Diamonds (Namdia) says the government should not be modest when it enters into negotiations to iron out a new sales agreement with De Beers (Sun Newspaper)

To buttress those ties, Vice President Nangolo Mbumba led a strong Namibian delegation to St. Petersburg, the Russian port city on the Baltic Sea, to attend the second Russia–Africa Economic and Humanitarian Summit, which concluded on Friday. (New Era Newspaper)

Namib Desert Diamonds (Namdia) has made N$3,1 billion in revenue during the 2022/2023 financial year, while the after-tax profit stands at N$409,2 million. (The Namibian Newspaper)

Sub-Sahara News

State-owned rail companies from Botswana and South Africa are seeking funding for an R4 billion railway line between the two countries to transport commodities, including coal. (News24)

A planned 30 billion CFA francs ($51 million) bond issuance by Niger scheduled for Monday in the West African regional debt market has been canceled by the regional central bank following the imposition of sanctions over a coup, market sources said. (CNBC Africa)

The World Health Organisation (WHO) on Monday said plans are underway to deliver 1,800 vials of Diphtheria Antitoxin (DAT) to Nigeria in early August. (AllAfrica News)

International News

Every morning Amir sets up a protest stand to warn passersby that Israeli democracy is in danger from hotly contested legislation to curb the courts. But he's a very unusual protester - a former Mossad spy who never before questioned the state for which he once risked his life on foreign missions (Reuters News)

Asian stocks ended mixed on Tuesday, with Chinese and Hong Kong markets posting strong gains after reports emerged that policymakers are looking to bolster growth in the world's second-largest economy (RTT News)

Russian forces have again downed several drones over the city of Moscow, according to officials, with one of the intercepted aircraft damaging the same office tower that was hit in an attack over the weekend. (Aljazeera News)

NSX DAILY UPDATES (28 JULY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 442,977.00 14,807,742.30100.00%
ETFs -   -  0.00%
Total 442,977.00 14,807,742.30100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 14,807,742.30 worth of shares was traded on the NSX on Friday with about N$ 1,535,267 worth of shares belonging to Anglo-American plc and N$ 525,795 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 sold shares belonging toAnglo-American plc, resulting in the decline of the company's stock value of 3.1% at the closing.
  • Capricorn Group’s shares were traded by market participants, resulting in an increase in share price by 0.1% at closing.           
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.9915.010.13%
First Rand NamibiaFNB50.0050.000.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.950.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM557.00539.92-3.07%
B2Gold CorporationB2G64.1262.04-3.24%
Oceana Group LimitedOCG68.4368.790.53%
TruworthsTRW68.9370.712.58%
Nedbank Group LimitedNBK236.00235.34-0.28%
Standard Bank GroupSNB192.12190.11-1.05%
Shoprite Holdings SRH253.85256.310.97%
Firstrand LimitedFST72.3372.690.50%
Momentum Metropolitan HoldingsMMT18.8318.960.69%
Old Mutual LtdOMM12.8512.900.39%
Sanlam LimitedSLA65.9466.250.47%
Santam LimitedSNM297.65299.840.74%
Vukile Property Fund LimitedVKN13.1713.200.23%
Investec LimitedIVD113.75111.50-1.98%
PSG Konsult LimitedKFS14.5014.45-0.34%
Table 3: Dual Listed Trades

`

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD323.87320.82-0.94%
New Gold Palladium ETFNGNPLD213.69210.37-1.55%
New Gold Platinum ETF NNGNPLT163.49160.18-2.02%
Satrix S&P Namibia Bond ETF)SXNNAM19.4219.520.51%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD17.58
EUR/NAD19.36
GBP/NAD22.61
EUR/GBP0.85
EUR/USD1.10
GBP/USD1.28
AUD/USD0.66
USD/JPY139.02
Commodities @ 07:00 
Gold1,994.40
Silver24.30
Platinum936.65
Palladium1,238.78
WTI80.44
Brent84.22
Table 5: Exchange Rates and Commodities 

Local News

The Electricity Control Board of Namibia (ECB) says Namibia is on track to achieve energy self-sufficiency with the adoption of the revised National Integrated Resource Plan (NIRP) (Sun Newspaper)

The deputy governor of the Bank of Namibia, Ebson Uanguta, said that Namibia needs to avert the natural resources curse that has befallen many oil-producing economies that did not set appropriate public policies and didn’t sufficiently prepare their public services to weather the storms associated with being an oil-producing economy. (New Era Newspaper)

Namibia is a free state, therefore, there is no need for Namibians to flee to the United Kingdom, international relations executive director Penda Naanda says. (The Namibian Newspaper)

Sub-Sahara News

Fuel price hikes are expected for all fuel grades in August, unaudited data from the Central Energy Fund has shown. (News24)

A governor in northeastern Nigerian state of Adamawa on Sunday imposed a 24-hour curfew after youths broke into shops to steal food and other goods. (CNBC Africa)

Prime Cabinet Secretary Musalia Mudavadi has blasted Azimio coalition leader Raila Odinga for magnifying issues in Kenya to make them a global crisis. (AllAfrica News)

International News

Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. (Reuters News)

Asian stocks closed mostly higher on Monday amid bets that the U.S. Federal Reserve will pause it's tightening campaign after delivering a 25-basis point increase this week. (RTT News)

The Chinese capital, Beijing, has recorded its heaviest rainfall this year as the remnants of Typhoon Doksuri passed through the city, forcing the evacuation of tens of thousands of people from high-risk areas in the region. (Aljazeera News)


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