Author: hei




NSX DAILY UPDATES (27 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 198,774.00 10,831,806.98100.00%
ETFs -   -  0.00%
Total 198,774.00 10,831,806.98100.00%
Table 1: NSX Trades

NSX Activities

A total of N$10,831,806.98 worth of shares was traded on the NSX on Tuesday with about N$3,729,020 worth of shares belonging to Anglo-American plc and N$42,327 worth of shares belonging to Mobile Telecommunications Limited on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 0.1% in the company's stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting an increase in share price at closing by 3.0%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.3036.300.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.8514.850.00%
First Rand NamibiaFNB47.5147.510.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.097.090.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

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NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM537.70537.14-0.10%
B2Gold CorporationB2G66.8966.26-0.94%
Oceana Group LimitedOCG69.0668.05-1.46%
TruworthsTRW55.0055.300.55%
Nedbank Group LimitedNBK223.96224.330.17%
Standard Bank GroupSNB172.74173.500.44%
Shoprite Holdings SRH224.64224.51-0.06%
Firstrand LimitedFST66.8767.080.31%
Momentum Metropolitan HoldingsMMT17.5417.550.06%
Old Mutual LtdOMM11.8111.80-0.08%
Sanlam LimitedSLA57.6057.50-0.17%
Santam LimitedSNM286.73286.880.05%
Vukile Property Fund LimitedVKN13.1013.06-0.31%
Investec LimitedIVD102.05101.67-0.37%
PSG Konsult LimitedKFS12.8212.55-2.11%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD334.09330.10-1.19%
New Gold Palladium ETFNGNPLD237.07231.59-2.31%
New Gold Platinum ETF NNGNPLT166.65163.69-1.78%
Satrix S&P Namibia Bond ETF)SXNNAM19.1319.240.58%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.56
EUR/NAD20.32
GBP/NAD23.63
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.66
USD/JPY143.89
Commodities @ 07:00 
Gold1,923.95
Silver22.91
Platinum925.90
Palladium1,281.28
WTI68.12
Brent72.97
Table 5: Exchange Rates and Commodities 

Local News

The Affirmative Repositioning (AR) movement says the government should not be made to pay for a 24% stake in Hyphen Hydrogen Energy, which has been tasked to develop the Southern Corridor Development Initiative. (Sun Newspaper)

Namibia Chamber of Commerce and Industry president Bisey /Uirab yesterday said there is a trend emerging of developed countries that favor and actively promote protectionism and regionalism. (New Era Newspaper)

Namibia Breweries Limited (NBL), which was recently taken over by Heineken International BV, will be letting go of 31 fixed-term employees on Friday. (The Namibian Newspaper)

Sub-Sahara News

Naspers stable gains R260bn in a single day as investors welcome simpler structure. (News24)

Germany and South Africa on Tuesday agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa’s huge renewable resource potential to meet 2050 net-zero targets. (CNBC Africa)

There may be survivors trapped underground in an unused mining shaft in Welkom, in the Free State, where at least 31 illegal miners - believed to be Basotho nationals - were killed during a methane explosion in May 2023 (AllAfrica News)

International News

The U.S. Supreme Court on Tuesday rebuffed a legal theory favored by many conservatives that could hand sweeping power to state legislatures to establish rules for presidential and congressional elections and draft electoral maps giving huge advantages to the party already in control. (Reuters News)

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as some traders continued to cash in on recent strength in the markets by booking profits. (RTT News)

Clashes have broken out between demonstrators and police following public outrage over the shooting death of a 17-year-old in the Paris suburb of Nanterre after the youth allegedly failed to comply with a police order to stop his car. (Aljazeera News)

NSX DAILY UPDATES (26 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 399,688.00 15,644,361.40100.00%
ETFs -   -  0.00%
Total 399,688.00 15,644,361.40100.00%
Table 1: NSX Trades

NSX Activities

A total of N$15,644,361.40 worth of shares was traded on the NSX on Monday with about N$ 719,023 worth of shares belonging to Anglo-American plc and N$ 1,900,400 worth of shares belonging FirstRand Namibia Ltd on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Market participants continues to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 0.1% in the company's stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting an increase in share price at closing by 3.0%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0236.300.78%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.8014.850.34%
First Rand NamibiaFNB46.1347.512.99%
Standard Bank NamibiaSNO6.996.50-7.01%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.090.14%
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 plcANM538.06537.70-0.07%
B2Gold CorporationB2G68.4866.89-2.32%
Oceana Group LimitedOCG68.4869.060.85%
TruworthsTRW54.0855.001.70%
Nedbank Group LimitedNBK224.19223.96-0.10%
Standard Bank GroupSNB173.28172.74-0.31%
Shoprite Holdings SRH225.60224.64-0.43%
Firstrand LimitedFST66.5366.870.51%
Momentum Metropolitan HoldingsMMT17.8017.54-1.46%
Old Mutual LtdOMM11.8511.81-0.34%
Sanlam LimitedSLA57.8857.60-0.48%
Santam LimitedSNM287.00286.73-0.09%
Vukile Property Fund LimitedVKN13.1213.10-0.15%
Investec LimitedIVD103.69102.05-1.58%
PSG Konsult LimitedKFS12.6812.821.10%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD335.64334.09-0.46%
New Gold Palladium ETFNGNPLD232.25237.072.08%
New Gold Platinum ETF NNGNPLT166.87166.65-0.13%
Satrix S&P Namibia Bond ETF)SXNNAM19.0219.130.58%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.57
EUR/NAD20.27
GBP/NAD23.64
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.67
USD/JPY143.65
Commodities @ 07:00 
Gold1,934.45
Silver23.02
Platinum939.40
Palladium1,316.00
WTI70.07
Brent75.00
Table 5: Exchange Rates and Commodities

Local News

The Anti-Corruption Commission (ACC) wants the vice-chancellor of the Namibia University of Science and Technology (NUST), Dr. Erold Naomab, probed for corruption, maladministration, and mismanagement. (Sun Newspaper)

The Oshikoto Regional Council has spent N$40 million on infrastructure development for the 2022/23 financial year. (New Era Newspaper)

First Lady Monica Geingos says there is an urgent need for the private sector to provide employees with essential benefits while labour experts have urged employers to pay salaries relative to the current economic situation. (The Namibian Newspaper)

Sub-Sahara News

Travelers are benefiting from lower airfares over the winter period as local airlines accuse each other of uncompetitive pricing – with one operator wanting the competition watchdog to investigate whether some ticket prices are below the cost of operating flights. (News24)

Zimbabwe’s annual inflation rose to 175.8% in June from 86.5% in May, data showed on Monday, exacerbating a pricing crisis ahead of crucial elections. (CNBC Africa)

There may be survivors trapped underground in an unused mining shaft in Welkom, in the Free State, where at least 31 illegal miners - believed to be Basotho nationals - were killed during a methane explosion in May 2023. (AllAfrica News)

International News

Russian President Vladimir Putin paid tribute to pilots killed fighting an aborted mutiny, confirming their deaths for the first time while thanking Russians for showing patriotic solidarity in the face of the Wagner militia group's march on Moscow. (Reuters News)

Asian stocks ended mixed on Tuesday as Chinese growth concerns persisted and investors waited for further direction from Federal Reserve Chair Jerome Powell, who will testify before Congress on Wednesday. (RTT News)

Ukrainian President Volodymyr Zelenskyy has visited Ukrainian forces fighting on the front line that runs through the eastern Donetsk region and the south of the country, decorating troops on a day in which he said his forces had “advanced in all directions”. (Aljazeera News)

NSX DAILY UPDATES (23 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 233,558.00 23,190,035.40100.00%
ETFs -   -  0.00%
Total 233,558.00 23,190,035.40100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 23,190,035.40worth of shares was traded on the NSX on Friday with about N$6,337,856 worth of shares belonging to Anglo-American plc and N$   1,845,200 worth of shares belonging FirstRand Namibia Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 1.3% in the company's stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in an increase in share price at closing by 3.0%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0236.020.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.5014.802.07%
First Rand NamibiaFNB44.7946.132.99%
Standard Bank NamibiaSNO0.680.680.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
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 plcANM545.21538.06-1.31%
B2Gold CorporationB2G64.8268.485.65%
Oceana Group LimitedOCG67.0768.482.10%
TruworthsTRW55.6154.08-2.75%
Nedbank Group LimitedNBK227.49224.19-1.45%
Standard Bank GroupSNB175.50173.28-1.26%
Shoprite Holdings SRH227.10225.60-0.66%
Firstrand LimitedFST67.6766.53-1.68%
Momentum Metropolitan HoldingsMMT17.8817.80-0.45%
Old Mutual LtdOMM11.9511.85-0.84%
Sanlam LimitedSLA59.7157.88-3.06%
Santam LimitedSNM290.42287.00-1.18%
Vukile Property Fund LimitedVKN13.3813.12-1.94%
Investec LimitedIVD104.62103.69-0.89%
PSG Konsult LimitedKFS12.8412.68-1.25%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD329.82335.641.76%
New Gold Palladium ETFNGNPLD234.29232.25-0.87%
New Gold Platinum ETF NNGNPLT166.22166.870.39%
Satrix S&P Namibia Bond ETF)SXNNAM19.0919.02-0.37%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.72
EUR/NAD20.43
GBP/NAD23.85
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.66
USD/JPY143.40
Commodities @ 07:00 
Gold1,936.25
Silver22.76
Platinum936.80
Palladium1,289.50
WTI69.41
Brent74.24
Table 5: Exchange Rates and Commodities 

Local News

Meatco sold 590 tons more beef and increased its revenue by N$113 million compared to the previous year. (Sun Newspaper)

Andrada Mining Limited, which is operating the Uis tin mine, has been criticized for not having all the requisite permissions and blasting equipment, as well as using the wrong explosives by the Ministry of Mines and Energy. (New Era Newspaper)

Political experts and opposition members of parliament (MPs) have expressed concern about Cabinet ministers rushing to table critical bills in parliament for amendment – seemingly to avoid Namibia being greylisted by the Financial Action Task Force (FATF). (The Namibian Newspaper)

Sub-Sahara News

President Cyril Ramaphosa said in February he expected much more energy capacity by the end of 2024. He is going to need to push that time line out (News24)

Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China, marking a long-awaited breakthrough for indebted nations around the world that have faced lengthy negotiations with creditors. (CNBC Africa)

The debt profiles, especially of countries in the global south, are rising, with many are now adjudged high-risk countries, keeping investors far from them. (AllAfrica News)

International News

Russia sought to restore calm on Monday after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine. (Reuters News)

Asian stocks retreated on Monday as investors exercised caution ahead of China's interest-rate decision and Fed Chair Jerome Powell's testimonies. (RTT News)

Australia, one of the biggest non-NATO contributors to Ukraine, is to send an additional 70 military vehicles to Ukraine as part of its latest military assistance package for the country. (Aljazeera News)

Hospitality Statistics: National Occupancy Rates for Namibia May 2023

The National occupancy rates declined to 50.8% for May 2023 from 51.8 % recorded in April 2023, (figure 1).  The central part of the country recorded the highest occupancy rate of 54.8% for May 2023 followed by the Nothern part recording 52.1% and the coastal part of the country recorded the lowest occupancy rate of 44.2%. According to the Hospitality Association of Namibia, Europe continues to shine as Namibia's main source market with over 55% of visitors coming from greater Europe, (just under 31% from German-speaking Europe and 24% from other European countries, 8% of them from France.

Additionally, Leisure tourism activities remain Namibia’s primary driver of tourism and it accounted for 89.2% of visitors during the month under review. Leisure tourism activities may not be favorable to an economy and may bring about negative implications. The implications may include;  popular leisure destinations may face issues of overcrowding, particularly during peak seasons. This can put a strain on Namibia’s infrastructure and public facilities, leading to congestion, increased pressure on natural resources, and degradation of the tourist experience, Overemphasis on leisure tourism activities may lead to negligence or underdevelopment of other tourism segments such as business travel, educational tourism, medical tourism, or adventure tourism, hence it is critical for Namibia to diversify the tourism portfolio. This can help mitigate risks and ensure a more balanced tourism industry.

The domestic market accounted for only 22.5% of national occupancy during the month under review, with the remaining percentage of national occupancy rates going to the international market. This indicates that the tourism sector is heavily reliant on international tourists, and thus there is a need to create an environment that encourages residents to engage in tourism-related experiences and activities within their own country. Measures to promote domestic tourism may include; Launching targeted marketing campaigns that highlight the benefits of domestic tourism, Introducing incentives such as tax breaks, subsidies, or discounts for domestic travelers, and engaging with tourism industry stakeholders, including hotels, restaurants, tour operators, and transportation providers to develop attractive packages and offers specifically targeting domestic tourists, encouraging the development of community-based tourism initiatives where local communities are involved in providing authentic and immersive experiences to domestic tourists, Promote travel during off-peak seasons or weekdays by offering special promotions, discounts, or packages, etc.

A consistent upward trend in occupancy rates in Namibia confirms the country's robust tourism recovery. While June is typically a quiet month prior to the tourism high season, we believe the trend of tourism growth will continue in the short to medium term.

Figure 1: National Occupancy rates vs. HKIA arrivals rooms and beds occupancy rates, Namibia (May 2022- May 2023)

Source: H.A.N & HEI REASEARCH

NSX DAILY UPDATES (22 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 401,413.00 18,915,201.3996.98%
ETFs 1,775.00 588,590.003.02%
Total 403,188.00 19,503,791.39100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 18,915,201.39 worth of shares was traded on the NSX on Thursday with about N$  13,557,425 worth of shares belonging to Anglo-American plc and N$  1,035,567 worth of shares belonging to Letshego Holdings Ltd on the home front. ETFs worth N$ 588,590.00 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold off shares belonging to Anglo-American as precious metal prices decline continuously, thus resulting in a slight decrease of 0.5% in the company's stock value at closing
  • Market participants actively traded Letshego Holdings shares on the domestic market, resulting in no change in share price at closing
  • New Gold Issuer Ltd NM ETF was offloaded as investor demand in gold declined amid weak performance of commodity prices
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0236.020.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.5014.500.00%
First Rand NamibiaFNB44.7944.790.00%
Standard Bank NamibiaSNO6.996.990.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
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 plcANM548.09545.21-0.53%
B2Gold CorporationB2G64.6664.820.25%
Oceana Group LimitedOCG68.6067.07-2.23%
TruworthsTRW55.7155.61-0.18%
Nedbank Group LimitedNBK229.95227.49-1.07%
Standard Bank GroupSNB177.10175.50-0.90%
Shoprite Holdings SRH224.11227.101.33%
Firstrand LimitedFST68.3167.67-0.94%
Momentum Metropolitan HoldingsMMT18.2917.88-2.24%
Old Mutual LtdOMM12.1411.95-1.57%
Sanlam LimitedSLA60.2659.71-0.91%
Santam LimitedSNM288.00290.420.84%
Vukile Property Fund LimitedVKN13.5013.38-0.89%
Investec LimitedIVD106.99104.62-2.22%
PSG Konsult LimitedKFS12.7612.840.63%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD330.02329.82-0.06%
New Gold Palladium ETFNGNPLD243.91234.29-3.94%
New Gold Platinum ETF NNGNPLT168.56166.22-1.39%
Satrix S&P Namibia Bond ETF)SXNNAM18.8319.091.38%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.54
EUR/NAD20.30
GBP/NAD23.60
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.67
USD/JPY142.87
Commodities @ 07:00 
Gold1,922.75
Silver22.19
Platinum922.50
Palladium1,276.75
WTI69.19
Brent73.89
Table 5: Exchange Rates and Commodities 

Local News

The government is developing new legislation to tackle the high import volumes of dairy, poultry, and pork into the country, as well as to avail breathing space and protection to enable those industries to grow. (Sun Newspaper)

The Department of Agriculture and land reform returned at least N$98 million to the State purse, money which could have been used to address other pressing public needs. (New Era Newspaper)

The Namibian economy between January and March this year expanded by 5% – growing the quarterly productivity base to N$36,8 billion. (The Namibian Newspaper)

Sub-Sahara News

The suspension is related to a R500 million emergency security contract awarded to Fidelity Services to investigate coal theft last year, News24 understands. (News24)

Nigeria’s naira currency hit a record low against the dollar after the spot market closed on Wednesday, and forwards contracts also hit new lows on Thursday, Refinitiv data showed. (CNBC Africa)

Zanzibar has secured EUR 400 million (about 1.04tri/-) loan to fund the development of Pemba airport and several key roads din the Isles. (AllAfrica News)

International News

A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a "catastrophic implosion" that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. (Reuters News)

Final inflation data from Eurozone is the only major economic report due on Friday. At 3.00 am ET, the Czech Statistical Office releases producer prices for May. (RTT News)

United States President Joe Biden has defended calling Chinese President Xi Jinping a “dictator”, just days after their countries hailed modest progress in cooling tensions. (Aljazeera News)

NSX DAILY UPDATES (21 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 2,872,141.00 47,418,176.38100.00%
ETFs -   -  0.00%
Total 2,872,141.00 47,418,176.38100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 47,418,176.38 worth of shares was traded on the NSX on Wednesday with about N$ 2,653,438 worth of shares belonging to Anglo-American plc and N$ 1,072,315 worth of shares belonging to Namibia Breweries on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold-off shares belonging to Anglo-American as precious metal prices decline drastically, thus resulting in a slight decrease of 2.4% in the company's stock value at closing
  • Market participants actively traded Namibia Breweries shares on the domestic market, resulting in no change in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0236.020.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0214.503.42%
First Rand NamibiaFNB43.4944.792.99%
Standard Bank NamibiaSNO6.996.990.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.893.900.26%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.8012.75-0.39%
Mobile Telecommunication CompanyMOC7.097.08-0.14%
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 plcANM561.62548.09-2.41%
B2Gold CorporationB2G65.4864.66-1.25%
Oceana Group LimitedOCG72.0068.60-4.72%
TruworthsTRW55.7955.71-0.14%
Nedbank Group LimitedNBK230.32229.95-0.16%
Standard Bank GroupSNB177.00177.100.06%
Shoprite Holdings SRH224.96224.11-0.38%
Firstrand LimitedFST69.0168.31-1.01%
Momentum Metropolitan HoldingsMMT18.7318.29-2.35%
Old Mutual LtdOMM12.2012.14-0.49%
Sanlam LimitedSLA60.7160.26-0.74%
Santam LimitedSNM293.00288.00-1.71%
Vukile Property Fund LimitedVKN13.4813.500.15%
Investec LimitedIVD109.49106.99-2.28%
PSG Konsult LimitedKFS12.6112.761.19%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD330.87330.02-0.26%
New Gold Palladium ETFNGNPLD242.63243.910.53%
New Gold Platinum ETF NNGNPLT169.48168.56-0.54%
Satrix S&P Namibia Bond ETF)SXNNAM18.8718.83-0.21%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.37
EUR/NAD20.19
GBP/NAD23.44
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.67
USD/JPY141.77
Commodities @ 07:00 
Gold1,938.85
Silver22.54
Platinum941.25
Palladium1.334.03
WTI72.14
Brent76.69
Table 5: Exchange Rates and Commodities 

Local News

While Savanna Beef Processors (SBP) has just announced that it will offer cattle producers a third chance to buy further shares, a purchase agreement for a building site has also now been completed. (Sun Newspaper)

Namibian Police Commissioner Andreas Nelumbu and the safety ministry are trying to reach an amicable solution after he sued his employer for accusing him of having a hand in the missing guns and ammunition from the police warehouse last year. (New Era Newspaper)

The government is facing criticism for its handling of the ownership of the highly anticipated green hydrogen project (The Namibian Newspaper)

Sub-Sahara News

An arrest warrant has been issued for Markus Jooste in Germany – while a Dutch court effectively killed off Steinhoff in its current form on Wednesday. (News24)

South Africa’s central bank will for the first time modify the model that partly influences its interest rate decisions, it said on its website on Tuesday. (CNBC Africa)

Nigeria should seize the opportunity to raise its diplomatic game and lead the continent from the front. (AllAfrica News)

International News

The Biden administration will make it easier for Indians to live and work in the United States, using this week's state visit by Prime Minister Narendra Modi to help some skilled workers enter or remain in the country, according to three people familiar with the matter. (Reuters News)

European stocks are seen opening largely unchanged on Thursday, as investors await Chair Jerome Powell's second day of testimony on Capitol Hill and the Bank of England's interest-rate decision later in the day. (RTT News)

Rescue crews looking for the submersible vessel that went missing in the northern Atlantic Ocean are moving assets and focusing their search on an area where undersea noises have been detected, a US Coast Guard official has said.. (Aljazeera News)

NSX DAILY UPDATES (20 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 2,754,969.00 79,164,735.0195.47%
ETFs 17,121.00 3,753,196.744.53%
Total 2,772,090.00 82,917,931.75100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 79,164,735.01 worth of shares was traded on the NSX on Tuesday with about N$ 21,146,437 worth of shares belonging to Anglo-American plc and N$ 4,233,211 worth of shares belonging to FirstRand Namibia Ltd on the home front. ETFs worth N$ 3,753,196.74 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold-off shares belonging to Anglo-American as commodity prices are affected by China’s latest economic news of cutting rates, thus resulting in a slight decrease of 3.2% in the company's stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in an increase of 6.07% in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0036.020.06%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.020.14%
First Rand NamibiaFNB41.0043.496.07%
Standard Bank NamibiaSNO7.006.99-0.14%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.753.893.73%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.800.39%
Mobile Telecommunication CompanyMOC7.087.090.14%
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 plcANM580.19561.62-3.20%
B2Gold CorporationB2G65.8165.48-0.50%
Oceana Group LimitedOCG74.0672.00-2.78%
TruworthsTRW56.3555.79-0.99%
Nedbank Group LimitedNBK231.61230.32-0.56%
Standard Bank GroupSNB173.78177.001.85%
Shoprite Holdings SRH228.21224.96-1.42%
Firstrand LimitedFST69.4569.01-0.63%
Momentum Metropolitan HoldingsMMT18.8918.73-0.85%
Old Mutual LtdOMM12.2412.20-0.33%
Sanlam LimitedSLA60.7960.71-0.13%
Santam LimitedSNM294.00293.00-0.34%
Vukile Property Fund LimitedVKN13.7013.48-1.61%
Investec LimitedIVD107.84109.491.53%
PSG Konsult LimitedKFS12.8012.61-1.48%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD330.80330.870.02%
New Gold Palladium ETFNGNPLD247.16242.63-1.83%
New Gold Platinum ETF NNGNPLT171.60169.48-1.24%
Satrix S&P Namibia Bond ETF)SXNNAM18.8918.87-0.11%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.39
EUR/NAD20.07
GBP/NAD23.46
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.67
USD/JPY141.57
Commodities @ 07:00 
Gold1,946.55
Silver23.14
Platinum962.40
Palladium1.380.00
WTI71.41
Brent76.09
Table 5: Exchange Rates and Commodities 

Local News

Government representatives have explained why free equity in the Hyphen project is a danger to Namibia. (Sun Newspaper)

There is a glimmer of hope for the unemployed, as approximately 15 000 jobs in the public sector are anticipated to become available this year.  These employment opportunities will arise from the security cluster, which encompasses the National Defence Force (NDF), National Correctional Services (NCS), and the Namibian Police. (New Era Newspaper)

Stateless and undocumented people living in the Kavango East and Kavango West regions have called on the government to speed up registering them, accusing the Rundu regional office of delaying the process. (The Namibian Newspaper)

Sub-Sahara News

A new $1 billion (R18 billion) fund dedicated to financing green hydrogen projects in South Africa has been launched. (News24)

Ghana aims to exempt loans from the African Export & Import Bank (Afreximbank) from being restructured, finance minister Ken Ofori-Atta said, as the country seeks new terms on $20 billion in external debt and recovery from a deep economic crisis. (CNBC Africa)

Ambassador Bankole Adeoye, African Union Commissioner for Political Affairs, Peace, and Security, met on Monday with Field Marshal Berhanu Jula, Chief of General Staff of the Ethiopian National Defense Forces (ENDF), and discussed the AU-led Pretoria Permanent Cessation of Hostilities Agreement.. (AllAfrica News)

International News

A deepening sense of caution descends over Asian markets as the trading week reaches its mid-point, as investors give a lukewarm reaction to China's interest rate cut and await key remarks from Federal Reserve Chair Jerome Powell later on Wednesday. (Reuters News)

Asian stocks ended mixed on Wednesday after overnight data showed U.S. consumer price inflation slowed in May, reinforcing expectations the Federal Reserve would skip a rate hike later in the day. (RTT News)

The administration of President Joe Biden is preparing to host a state dinner for Indian Prime Minister Narendra Modi this week, paying little mind to critics who say the United States is turning a blind eye to human rights violations in India under Modi’s right-wing government. (Aljazeera News)

NSX DAILY UPDATES (19 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 368,227.00 12,699,202.41100.00%
ETFs -   -  0.00%
Total 368,227.00 12,699,202.41100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 12,699,202.41 worth of shares was traded on the NSX on Monday with about N$ 207,669 worth of shares belonging to Shoprite Holdings and N$ 4,689,663 worth of shares belonging to FirstRand Namibia Ltd on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold off shares belonging to Shoprite Holdings, resulting in a slight decrease of 0.2% in the company's stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in no change in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0036.000.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.753.750.00%
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 plcANM601.80580.19-3.59%
B2Gold CorporationB2G67.6465.81-2.71%
Oceana Group LimitedOCG73.2574.061.11%
TruworthsTRW56.3056.350.09%
Nedbank Group LimitedNBK229.28231.611.02%
Standard Bank GroupSNB173.71173.780.04%
Shoprite Holdings SRH228.66228.21-0.20%
Firstrand LimitedFST69.1969.450.38%
Momentum Metropolitan HoldingsMMT18.6218.891.45%
Old Mutual LtdOMM12.1912.240.41%
Sanlam LimitedSLA60.4660.790.55%
Santam LimitedSNM294.20294.00-0.07%
Vukile Property Fund LimitedVKN13.4013.702.24%
Investec LimitedIVD110.48107.84-2.39%
PSG Konsult LimitedKFS13.5912.80-5.81%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD334.32330.80-1.05%
New Gold Palladium ETFNGNPLD245.61247.160.63%
New Gold Platinum ETF NNGNPLT174.32171.60-1.56%
Satrix S&P Namibia Bond ETF)SXNNAM18.8718.890.11%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.18
EUR/NAD19.85
GBP/NAD23.26
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.68
USD/JPY142.06
Commodities @ 07:00 
Gold1,962.50
Silver24.05
Platinum979.65
Palladium1.408.03
WTI71.36
Brent76.12
Table 5: Exchange Rates and Commodities 

Local News

The United States President's Emergency Plan for AIDS Relief (Pepfar), which celebrated its 20th anniversary in Windhoek yesterday, will avail N$1.6 billion towards Namibia’s HIV prevention, care, and treatment programs. (Sun Newspaper)

The Walvis Bay town council on Thursday tabled a N$609 million capital budget for the 2023/2024 financial year. (New Era Newspaper)

Eighty beneficiaries of the Build Together Programme at Swakopmund have elected to shoulder the responsibility of constructing their own houses. (The Namibian Newspaper)

Sub-Sahara News

A recent proposal calls for maximum fines of R10 million for individual auditors, or R25 million for the firms that employ them. (News24)

South Africa’s rand was little changed on Monday as a reduction in the intensity of rolling power cuts boosted the currency. (CNBC Africa)

The European leaders whose forces are engaged in the heaviest fighting between two nations on the continent for more than 70 years have rebuffed an attempt by African leaders to launch a peace mission. (AllAfrica News)

International News

China and the United States agreed on Monday to stabilize their intense rivalry so it does not veer into conflict, but failed to produce any major breakthrough during a rare visit to Beijing by U.S. Secretary of State Antony Blinken. (Reuters News)

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders remained cautious as they look ahead to a slew of central bank policy meetings in of the U.S., China, Europe and Japan this week (RTT News)

At 62, the foul-mouthed founder of Russia’s private army of Wagner mercenaries does not sound or look much like a photogenic, aspiring politician. (Aljazeera News)

New Vehicle sales, May 2023

Executive summary

  • New vehicle sales declined to 982 vehicles for May 2023, down from 1004 vehicles sold in April 2023. This represented a monthly decline of 2%. (figure 1)
  • Sales of passenger, medium commercial, and heavy vehicles increased by 7.9%, 29.4%, and 16.7%, month on month respectively.
  • Light commercial vehicle and bus vehicle sales decreased by 13.5% and -100%, respectively, in May 2023 compared to April 2023
  • Out of 5113 vehicles sold for 2023, 2070 were passenger vehicles, 1833 were Light commercial vehicles, 123 were extra heavy vehicles, 77 were medium commercial vehicles, 21 were heavy commercial vehicles and 7 were buses.

Analysis

  • The monthly decline in vehicle sales between May and April 2023 was mainly driven by the low sales of light commercial vehicle sales. This could be ascribed to low credit demand as a consequence of an increase in the interest rates in April, additionally, low sales of commercial vehicles could be attributed to subdued commercial activities hence a low demand for commercial transportation services
  • On an annual basis, new vehicle sales in the first 5 months of the year increased by 18.5%. This implies an improvement in consumer confidence
  • Passenger vehicle sales increased from 468 vehicles sold in April 2023 to 505 in May 2023. This could be attributed to the no increase in interest rates for the month of May.
  • Light commercial vehicle sales declined to 409 for May 2023 from 473 which was recorded in April 2023. This could have been influenced by subdued commercial sector performance
  • Heavy commercial vehicle sales decreased by one vehicle between May and April 2023

Table 1: Monthly vehicle sales by type

MarketApr-23May-23Monthly unit changeMonthly % change
Passenger vehicles468505377.9
Light commercial vehicles473409-64-13.5
Medium commercial vehicles sales1722529.4
Heavy commercial vehicle sales67116.7
Extra heavy commercial vehicle sales393900%
Bus10-1-100

Figure 1: Monthly Vehicle Sales (May 2022 – May 2023)

Source: Lightstone Auto & HEI RESEARCH

Figure 2: Year on Year, Vehicle Sales Growth (May 2022- May 2023)

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Outlook

The high-interest rates and inflation have to the erosion of purchasing power for businesses and households, however, the demand for new vehicles has been resilient. The magnitude of interest rate hikes, the level of inflation, and the state of the economy will all have an impact on new vehicle sales in the short to medium term.


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