Author: hei




NSX DAILY UPDATES (18 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 186,373.00 22,219,794.36100.00%
ETFs -   -  0.00%
Total 186,373.00 22,219,794.36100.00%
Table 1: NSX Trades

NSX Activities

A total of N$22,219,794.36 worth of shares was traded on the NSX on Friday with about N$ 583,726 worth of shares belonging to Anglo-American plc and N$ 1,688,374 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 continuously sold off shares belonging to Anglo-American resulting in a 2.8% decline in the company's stock value at the closing.
  • FirstRand Namibia shares were traded by market participants, resulting in a slight decline in share price by 0.02% at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS38.0038.000.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.5015.550.32%
First Rand NamibiaFNB48.0148.00-0.02%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.873.870.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.117.110.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades
NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM488.43474.91-2.77%
B2Gold CorporationB2G57.7157.39-0.55%
Oceana Group LimitedOCG70.6569.39-1.78%
TruworthsTRW67.8366.89-1.39%
Nedbank Group LimitedNBK208.56204.51-1.94%
Standard Bank GroupSNB192.29187.82-2.32%
Shoprite Holdings SRH255.34252.71-1.03%
Firstrand LimitedFST70.9770.10-1.23%
Momentum Metropolitan HoldingsMMT19.0118.72-1.53%
Old Mutual LtdOMM13.0112.73-2.15%
Sanlam LimitedSLA64.0362.59-2.25%
Santam LimitedSNM292.57292.54-0.01%
Vukile Property Fund LimitedVKN13.4813.13-2.60%
Investec LimitedIVD107.96104.95-2.79%
PSG Konsult LimitedKFS14.1114.250.99%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD336.05334.10-0.58%
New Gold Palladium ETFNGNPLD224.32227.671.49%
New Gold Platinum ETF NNGNPLT164.82166.230.86%
Satrix S&P Namibia Bond ETF)SXNNAM19.4719.42-0.26%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD19.01
EUR/NAD20.68
GBP/NAD24.21
EUR/GBP0.85
EUR/USD1.08
GBP/USD1.27
AUD/USD0.64
USD/JPY145.339
Commodities @ 07:00 
Gold1,917.85
Silver22.80
Platinum915.95
Palladium1,262.03
WTI81.22
Brent85.38
Table 5: Exchange Rates and Commodities 

Local News

South African air operator Airlink says it is keenly observing developments at the Hosea Kutako International Airport, following Menzies' eviction as a ground service operator (Sun Newspaper)

Government has through the Namibia Industrial Development Agency invested around N$1 billion to construct 148 industrial parks and business complexes, but only 118 are operational. (New Era Newspaper)

Namibia should increase investment in higher-yielding horticultural seeds, water availability and basic farmer training to boost production and competitiveness in international markets and also take advantage of the African Continental Free Trade Area. (The Namibian Newspaper)

Sub-Sahara News

Eskom says that board chairperson Mpho Makwana is not liable for the R2 million debt his church owes the power utility. (News24)

China’s President Xi Jinping will attend the BRICS leaders’ meeting and visit South Africa on Aug. 21-24, the Chinese foreign ministry said in a statement on Friday. (CNBC Africa)

President Emmerson Mnangagwa has lashed out at foreign embassies and Election Observer Missions demanding free and fair elections from his government at Zimbabwe's upcoming polls. (AllAfrica News)

International News

Tropical Storm Hilary unleashed furious flash floods east and west of Los Angeles on Sunday as the system made its historic arrival in California after barreling through Mexico's Baja California peninsula with deadly force (Reuters News)

Asian stocks fell sharply on Monday as concerns mounted around Country Garden, a major property developer in China that is now on the brink of default (RTT News)

Singaporean employers are using the justice system as a “tool” to threaten and control domestic workers, with more than 80 percent of police reports made by bosses against their maids not leading to charges, according to a new report. (Aljazeera News)

Building Plans Approved Report, Windhoek: July 2023

Executive summary

  • In July 2023, the City of Windhoek approved a grand total of 209 building plans, with a combined valuation of N$ 130,580,707 (as illustrated in Figure 1)
  • Among these approvals, there were 144 addition plans, 46 house plans, 15 wall plans, and 4 commercial plans
  • Compared to the preceding month of June 2023 (as depicted in Figure 2), the count of approved building plans experienced a notable upturn of 3.5%. This signifies a positive trend in construction activity within the city.
  • During the month under review, a noteworthy total of 48 buildings were successfully completed in Windhoek, with an aggregated value of N$ 51,335,624. This completion encompassed a range of construction types
  • It's important to note, however, that the overall number of completed buildings did exhibit a slight decline of 2% when contrasted with those completed in June 2023. This minor reduction suggests a nuanced fluctuation in construction completion rates within the city

Analysis

  • On an annual basis building plans approved for Windhoek experienced a notable decline of 33%. This reduction may likely be attributed to a decrease in significant construction projects within the economy
  • For the month under review, the highest concentration of approved building plans was observed within the Windhoek suburbs, totaling 42 plans. This compilation comprised 29 addition plans, 7 house plans, 2 commercial plans, and 4 wall plans, with a cumulative value of N$ 42,528,711
  • Katutura emerged as the second-highest locality in terms of approved building plans, boasting a total of 21 plans valued at N$ 7,231,700
  • Additionally, Klein Windhoek secured the third-highest position with 18 approved building plans, collectively valued at N$ 10,610,000. This data underscores the distribution of approved building plans across different areas within Windhoek

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (July 2022 – July 2023)

Source: CoW & HEI RESEARCH

                                                                                                                                                                                                                       Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (July 2022 - July 2023)

Source: CoW & HEI RESEARCH

Outlook

We anticipate that construction activities will continue to experience modest growth in the short to medium term.

NSX DAILY UPDATES (17 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 428,421.00 22,684,151.17100.00%
ETFs -   -  0.00%
Total 428,421.00 22,684,151.17100.00%
Table 1: NSX Trades

NSX Activities

A total of N$22,684,151.17 worth of shares was traded on the NSX on Thursday with about N$4,331,494 worth of shares belonging to Nedbank Group Limited and N$13,680,000 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 continuously sold off shares belonging to Nedbank Group Limited resulting in a 1.9% decline in the company's stock value at the closing.
  • Namibia Breweries shares were traded by market participants, resulting in an upsurge in share price by 3.2% at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS37.1938.002.18%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.5015.500.00%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.873.870.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.110.42%
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 plcANM482.00488.431.33%
B2Gold CorporationB2G58.1257.71-0.71%
Oceana Group LimitedOCG69.9770.650.97%
TruworthsTRW67.2267.830.91%
Nedbank Group LimitedNBK212.70208.56-1.95%
Standard Bank GroupSNB193.60192.29-0.68%
Shoprite Holdings SRH255.95255.34-0.24%
Firstrand LimitedFST71.4270.97-0.63%
Momentum Metropolitan HoldingsMMT19.0619.01-0.26%
Old Mutual LtdOMM13.1313.01-0.91%
Sanlam LimitedSLA64.4264.03-0.61%
Santam LimitedSNM298.50292.57-1.99%
Vukile Property Fund LimitedVKN13.5213.48-0.30%
Investec LimitedIVD107.33107.960.59%
PSG Konsult LimitedKFS14.3014.11-1.33%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD338.17336.05-0.63%
New Gold Palladium ETFNGNPLD225.49224.32-0.52%
New Gold Platinum ETF NNGNPLT164.52164.820.18%
Satrix S&P Namibia Bond ETF)SXNNAM19.4619.470.05%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD19.04
EUR/NAD20.72
GBP/NAD24.25
EUR/GBP0.85
EUR/USD1.08
GBP/USD1.27
AUD/USD0.64
USD/JPY145.39
Commodities @ 07:00 
Gold1,922.25
Silver22.86
Platinum900.55
Palladium1,230.03
WTI80.61
Brent84.19
Table 5: Exchange Rates and Commodities 

Local News

Green Hydrogen Council chairperson Obeth Kandjoze has allayed concerns about a lack of transparency and said all green hydrogen agreements are thoroughly reviewed by the Cabinet. (Sun Newspaper)

Following a comprehensive review of global, regional, and domestic economic developments, the Bank of Namibia’s monetary policy committee decided to maintain the repo rate at 7.75%. (New Era Newspaper)

The Global Fund has accused the Ministry of Health and Social Services of mismanaging grants following the disbursement of over N$7,5 billion to Namibia since 2004. (The Namibian Newspaper)

Sub-Sahara News

Standard Bank said on Thursday its SA retail banking franchise now accounts for less than half of its profits, but it is hopeful its local operations will benefit from regulatory reforms that should boost the economic growth rate. (News24)

China’s President Xi Jinping will attend the BRICS leaders’ meeting and visit South Africa on Aug. 21-24, the Chinese foreign ministry said in a statement on Friday. (CNBC Africa)

South Africa's surge in trucking that's emerged largely due to higher coal prices and train bottlenecks may end in catastrophic job losses in the road transport sector when factors ease, according to the head of the state-owned port and rail company (AllAfrica News)

International News

Embattled developer China Evergrande Group has filed for protection from creditors in a U.S. bankruptcy court as part of its debt restructuring process, as anxiety grows over China's worsening property crisis and a weakening economy. (Reuters News)

Asian stocks fell on Friday, as growing concerns over China's economy as well as worsening relations between the U.S. and China overshadowed hopes for Fed rate pause. (RTT News)

The Economic Community of West African States (ECOWAS) has said most of its member states are ready to participate in a standby force that could intervene in Niger following a coup there late last month. (Aljazeera News)

NSX DAILY UPDATES (15 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 114,758.00 11,284,448.82100.00%
ETFs -   -  0.00%
Total 114,758.00 11,284,448.82100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 11,284,448.82 worth of shares was traded on the NSX on Tuesday with about N$ 582,390 worth of shares belonging to Anglo-American plc and N$ 109,733 worth of shares belonging to SBN Holdings Ltd. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants continuously sold off shares belonging to Anglo-American resulting in a 2.0% decline in the company's stock value at the closing.
  • SBN Holdings Ltd shares were traded by market participants, resulting in a slight uptick in share price by 0.1% 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%
CapricornCGP15.0215.020.00%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO6.997.000.14%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.873.870.00%
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 plcANM501.59491.40-2.03%
B2Gold CorporationB2G59.3658.63-1.23%
Oceana Group LimitedOCG68.9569.170.32%
TruworthsTRW68.5167.62-1.30%
Nedbank Group LimitedNBK222.56214.22-3.75%
Standard Bank GroupSNB193.43190.86-1.33%
Shoprite Holdings SRH256.97256.70-0.11%
Firstrand LimitedFST71.8970.78-1.54%
Momentum Metropolitan HoldingsMMT19.7019.32-1.93%
Old Mutual LtdOMM13.3313.19-1.05%
Sanlam LimitedSLA65.0364.80-0.35%
Santam LimitedSNM297.24297.790.19%
Vukile Property Fund LimitedVKN13.4813.641.19%
Investec LimitedIVD112.20111.70-0.45%
PSG Konsult LimitedKFS14.1114.09-0.14%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD338.90340.340.42%
New Gold Palladium ETFNGNPLD231.69231.35-0.15%
New Gold Platinum ETF NNGNPLT164.74164.870.08%
Satrix S&P Namibia Bond ETF)SXNNAM19.6219.44-0.92%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD19.10
EUR/NAD20.85
GBP/NAD24.29
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.64
USD/JPY145.47
Commodities @ 07:00 
Gold1,936.45
Silver22.70
Platinum893.90
Palladium1,243.03
WTI80.78
Brent84.69
Table 5: Exchange Rates and Commodities 

Local News

The state medical aid scheme is costing treasury as much as N$900 million per year through fraud and collusion. (Sun Newspaper)

Seventy-five percent or over N$5 billion worth of tenders awarded by the Central Procurement Board of Namibia (CBPN) went to 100% Namibian-owned companies in the past six years. (New Era Newspaper)

Building materials meant to kick-start the construction a mental health facility at the Nankudu District Hospital in the Kavango West region have been lying abandoned since 2014. (The Namibian Newspaper)

Sub-Sahara News

MultiChoice is exiting Malawi after the local regulator blocked a planned DStv price increase. (News24)

Uganda’s central bank cut its main lending rate on Tuesday for the first time in more than two years, saying it aimed to boost economic growth after inflation fell faster than expected. (CNBC Africa)

The food inflation rate increased to 26.98 percent in July from 25.25 percent in June. Nigeria's annual inflation rate rose to 24.08 percent in July from 22.79 percent in the previous month, the National Bureau of Statistics (NBS) said Tuesday. (AllAfrica News)

International News

North Korea has concluded that U.S. soldier Travis King wants refuge there or elsewhere because of "inhuman maltreatment and racial discrimination" in the U.S. and the military, state media said on Wednesday. (Reuters News)

European stocks rebounded on Wednesday, with banks and miners leading the surge. (RTT News)

North Korea has claimed that a United States soldier who crossed the border last month did so because he was seeking refuge from “inhuman maltreatment and racial discrimination” in the US. (Aljazeera News)

NSX DAILY UPDATES (14 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 209,669.00 5,987,831.39100.00%
ETFs -   -  0.00%
Total 209,669.00 5,987,831.39100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 5,987,831.39 worth of shares was traded on the NSX on Monday with about N$ 106,439 worth of shares belonging to Anglo-American plc and N$ 11,160 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 sold off shares belonging to Anglo-American resulting in a 2.9% decline in the company's stock value at the closing.
  • Namibia Breweries shares were traded by market participants, resulting in no change in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS37.1937.190.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0215.020.00%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO6.996.990.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.873.870.00%
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 plcANM516.35501.59-2.86%
B2Gold CorporationB2G57.7559.362.79%
Oceana Group LimitedOCG69.2768.95-0.46%
TruworthsTRW69.8768.51-1.95%
Nedbank Group LimitedNBK230.31222.56-3.37%
Standard Bank GroupSNB195.77193.43-1.20%
Shoprite Holdings SRH257.76256.97-0.31%
Firstrand LimitedFST72.5471.89-0.90%
Momentum Metropolitan HoldingsMMT19.7719.70-0.35%
Old Mutual LtdOMM13.2713.330.45%
Sanlam LimitedSLA65.2765.03-0.37%
Santam LimitedSNM297.93297.24-0.23%
Vukile Property Fund LimitedVKN13.6113.48-0.96%
Investec LimitedIVD112.91112.20-0.63%
PSG Konsult LimitedKFS14.3114.11-1.40%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD336.80338.900.62%
New Gold Palladium ETFNGNPLD238.62231.69-2.90%
New Gold Platinum ETF NNGNPLT166.25164.74-0.91%
Satrix S&P Namibia Bond ETF)SXNNAM19.6719.62-0.25%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD19.07
EUR/NAD20.80
GBP/NAD24.19
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.26
AUD/USD0.65
USD/JPY145.47
Commodities @ 07:00 
Gold1,936.20
Silver22.67
Platinum903.40
Palladium1,26u.25
WTI82.59
Brent86.33
Table 5: Exchange Rates and Commodities

Local News

The Roads Authority (RA) has defended a decision to award a lucrative road upgrade and construction project to Chinese firm Zhong Mei Engineering Group. (Sun Newspaper)

The state of food security in Namibia has significantly deteriorated as a result of highly unfavourable agricultural production during the 2022/2023 cropping season. (New Era Newspaper)

Agribank has encouraged members of the public to use the bank’s whistleblower platform to report cases of fraud, bribery, corruption, theft, and receipt of facilitation payments. (The Namibian Newspaper)

Sub-Sahara News

Sasol's Secunda operation faces cost pressures related to coal and gas inputs as well the hefty expense of having to decarbonise the highly pollutive facility. (News24)

The military junta that seized power in Niger in a coup last month has said it will prosecute ousted President Mohamed Bazoum for high treason over his exchanges with foreign heads of state and international organisations. (CNBC Africa)

Health workers say at least 26 civilians were killed in a drone strike in a town in Ethiopia's Amhara region. Federal government forces and a regional militia that fought on the same side during the recent war in the Tigray region have been fighting each other for the past four months. (AllAfrica News)

International News

Former U.S. President Donald Trump was hit with a fourth set of criminal charges when a Georgia grand jury issued a sweeping indictment accusing him of trying to overturn his 2020 election loss to Democrat Joe Biden. (Reuters News)

China's exports logged another sharper-than-expected double digit decline in July as monetary policy tightening damped demand from major trading partners, official data showed on Tuesday. (RTT News)

The United Nations' peacekeeping mission in Mali has sped up its withdrawal from the city of Ber in the north after a surge in fighting. (Aljazeera News)

INFLATION, JULY 2023

Executive Summary

  • In July 2023, the annual inflation rate slowed to 4.5%, the lowest since March 2022, from the 6.8% recorded in July 2022 and 5.4% recorded the prior month. (Figure 1)
  • The main contributors to a decline in inflation were: transport, hotels, cafes and restaurants, furnishings, household equipment, and routine maintenance of the house (Figure 2)
  • On a monthly basis, Namibia recorded an inflation rate of 0.3% an increase from 0.1% in recorded for June 2023. The increase mainly emanated from the categories of alcoholic beverages and tobacco (from 0.2 % to 1.1%), transport (from -0.4% to 0.5%), and clothing and footwear (from –0.1% to 0.2%).

Analysis

  • The transport category which accounts for 14.3% of the consumer basket registered a decline in the annual inflation rate of 2.5% in July 2023 compared to 20.9% recorded in July 2022. The decline in the annual inflation rate for this component was reflected mainly in the subcomponent of operation of personal transport equipment which declined by 6.2% compared to 35.5% obtained in July 2022 attributed to the 13.1% fall in petrol and diesel prices
  • Hotels, cafes, and restaurants account for 1.4% of the consumer basket recorded a decline in the annual inflation rate of 5.3% in July 2023 compared to 9% recorded in July 2022. This was driven by a downturn in demand for accommodation services which declined by 4.3% compared to 17.6% obtained in July 2022
  • The annual inflation rate for furnishings, household equipment, and routine maintenance of the house which accounts for 5.5% of the consumer basket registered a decline in the annual inflation rate of 7.0% in July 2023 compared to 8.8% recorded in July 2022. This was attributed to a decline in the price levels of goods and services for routine household maintenance
  • Additionally, at the zonal level, different regions in Namibia showed varying annual inflation rates. Zone 1, which includes regions like Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi, had the highest inflation rate at 4.7%. Zone 2, representing the Khomas region, recorded an annual inflation rate of 4.6%, while Zone 3, comprising //Kharas, Erongo, Hardap, and Omaheke regions, recorded an annual inflation rate of 4.2% for July 2023

Figure 1: Annual Inflation Index & Rate, Namibia (July 2022 – July 2023)

Source: NSA & HEI Research

Figure 2: Sub-Categorical analysis (%) change Year on Year, (July 2022 – July 2023)

Source: NSA & HEI Research

Outlook

The deflationary transport, hotels, cafes, and restaurants, furnishings, household equipment, and routine maintenance of the house categories have resulted in Namibia’s inflation rate slowing substantially.  Going forward we expect inflation to continue easing in the short to medium term.

NSX DAILY UPDATES (13 AUGUST 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 33,024.00 3,117,474.34100.00%
ETFs -   -  0.00%
Total 33,024.00 3,117,474.34100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 3,117,474.34 worth of shares was traded on the NSX on Friday with about N$ 106,439 worth of shares belonging to Anglo-American plc and N$ 5,418 worth of shares belonging to Letshego Holdings.  No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold off shares belonging to Anglo-American resulting in a 1.2% decline in the company's stock value at the closing.
  • Letshego Holdings’ shares were sold off by market participants, resulting in a decline of 1.8% 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%
CapricornCGP15.0215.020.00%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO6.996.990.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.943.87-1.78%
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 plcANM522.56516.35-1.19%
B2Gold CorporationB2G57.6757.750.14%
Oceana Group LimitedOCG68.6069.270.98%
TruworthsTRW69.1869.871.00%
Nedbank Group LimitedNBK232.00230.31-0.73%
Standard Bank GroupSNB196.29195.77-0.26%
Shoprite Holdings SRH259.00257.76-0.48%
Firstrand LimitedFST73.0472.54-0.68%
Momentum Metropolitan HoldingsMMT19.7719.770.00%
Old Mutual LtdOMM13.2513.270.15%
Sanlam LimitedSLA65.0565.270.34%
Santam LimitedSNM297.43297.930.17%
Vukile Property Fund LimitedVKN13.8613.61-1.80%
Investec LimitedIVD112.35112.910.50%
PSG Konsult LimitedKFS14.0614.311.78%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD334.09336.800.81%
New Gold Palladium ETFNGNPLD232.62238.622.58%
New Gold Platinum ETF NNGNPLT162.62166.252.23%
Satrix S&P Namibia Bond ETF)SXNNAM19.6419.670.15%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD19.01
EUR/NAD20.78
GBP/NAD24.11
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.26
AUD/USD0.64
USD/JPY144.79
Commodities @ 07:00 
Gold1,944.65
Silver22.66
Platinum913.15
Palladium1,301.00
WTI82.06
Brent85.69
Table 5: Exchange Rates and Commodities 

Local News

Brazil has donated about N$2.2 million (US$120 000) to Namibia towards upscaling five food-system projects and facilitating skills and knowledge transfer to target communities. (Sun Newspaper)

Chinese businesswoman Stina Wu is accused of leaving over 30 clients ‘homeless’ after her company failed to deliver the houses they are currently paying for. (New Era Newspaper)

Ministry of Information and Communication Technology deputy director Elizabeth Kamutuezu has become the latest senior government official to serve in a Swapo structure. (The Namibian Newspaper)

Sub-Sahara News

Despite a host of challenges – including load shedding, Transnet woes and a rand crash due to the Lady R diplomatic crisis - the economy may have been stronger in the second quarter than in the first. (News24)

Global rice markets could come under further strain as the world’s leading rice producer China grapples with heavy rain and flood risks. (CNBC Africa)

The Confederation of African Football, CAF, is investigating accusations of inappropriate conduct by the president of the Cameroon football federation, Samuel Eto'o Fils. (AllAfrica News)

International News

The death toll from the Maui wildfires reached 93 on Sunday as relatives of the missing frantically searched for signs their loved ones may still be alive, while survivors grappled with the scale of the disaster and sought solace at church services. (Reuters News)

Asian stocks ended flat to slightly lower on Monday as the dollar regained traction and Treasury yields climbed ahead of key inflation readings from China and the United States due this week (RTT News)

The United Nations peacekeeping mission in Mali has sped up its withdrawal from the city of Ber in the north after a surge in fighting. (Aljazeera News)

NSX DAILY UPDATES (10 AUGUST 2023)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 232,681.00 12,023,530.1193.37%
ETFs 5,234.00  853,1426.63%
Total 237,915.00 12,876,672.11100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 12,023,530.11 worth of shares was traded on the NSX on Thursday with about N$ 1,097,864 worth of shares belonging to Oceana Group Limited and N$ 350 worth of shares belonging to SBN Holdings Ltd. ETFs worth N$ 853,142 were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold shares belonging to Oceana Group resulting in a 1.5% decline in the company's stock value at the closing.
  • SBN Holdings’ shares were traded by market participants, resulting in an upsurge in share price by 7.5% 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%
CapricornCGP15.0115.020.07%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO6.506.997.54%
Oryx LimitedORY11.2911.300.09%
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 plcANM519.50522.560.59%
B2Gold CorporationB2G60.0257.67-3.92%
Oceana Group LimitedOCG69.6468.60-1.49%
TruworthsTRW69.3369.18-0.22%
Nedbank Group LimitedNBK229.70232.001.00%
Standard Bank GroupSNB194.11196.291.12%
Shoprite HoldingsSRH257.12259.000.73%
Firstrand LimitedFST72.2573.041.09%
Momentum Metropolitan HoldingsMMT19.3619.772.12%
Old Mutual LtdOMM13.1113.251.07%
Sanlam LimitedSLA65.1565.05-0.15%
Santam LimitedSNM295.00297.430.82%
Vukile Property Fund LimitedVKN13.9113.86-0.36%
Investec LimitedIVD112.74112.35-0.35%
PSG Konsult LimitedKFS13.8714.061.37%
Table 3: Dual Listed Trades
NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD340.78334.09-1.96%
New Gold Palladium ETFNGNPLD223.02232.624.30%
New Gold Platinum ETF NNGNPLT164.92162.62-1.39%
Satrix S&P Namibia Bond ETF)SXNNAM19.6119.640.15%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.84
EUR/NAD20.71
GBP/NAD23.95
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY144.72
Commodities @ 07:00 
Gold1,948.95
Silver22.78
Platinum919.60
Palladium1,301.78
WTI82.73
Brent86.27
Table 5: Exchange Rates and Commodities 

Local News

James Mnyupe’s transition from an investment banker to the champion of Namibia’s ambitious green hydrogen project has drawn both ire and awe in the public domain (Sun Newspaper)

Trade minister Lucia Iipumbu has urged newly appointed board members and management at state-owned enterprises (SOEs) to focus on matters that drive economic revival. Speaking at Monday’s inauguration of board members, Iipumbu said there is no room nor time to waste on unimportant issues (New Era Newspaper)

Former Rally for Democracy and Progress (RDP) elections director John Nghishekwa is suing former Namibian Central Intelligence Service (NCIS) director general Philemon Malima over a failed N$7 million farming business deal. (The Namibian Newspaper)

Sub-Sahara News

Despite eight court cases and being ordered to reinstate at least six executives, Prasa continues to pay millions of rand to keep qualified executives at home. (News24)

The South African rand strengthened against the dollar on Thursday, helped by dollar weakness after data showed a moderate rise in U.S. inflation in July. (CNBC Africa)

Citizens Coalition for Change (CCC) Deputy Spokesperson Ostallos Siziba has accused Zanu PF of putting an ugly face on Zimbabwe's democracy, a day after the burial of Tinashe Chitsunge one of the opposition's recently slain members. (AllAfrica News)

International News

Maui's wildfires have killed at least 53 people, a toll expected to rise, and unleashed destruction on the resort town of Lahaina that will take many years and billions of dollars to rebuild, Hawaiian officials said on Thursday (Reuters News)

European stocks were mostly higher on Friday after three days of losses. Amid rising fears around slowing global growth, investors awaited the release of U.S. jobs data later in the day for further clues on the growth and rate outlook. (RTT News)

A handful of United States citizens imprisoned in Iran have been moved to house arrest, in what US news outlets are reporting is the first step in a potential prisoner swap deal between Washington and Tehran. (Aljazeera News)

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)


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