Author: hei

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	3,138,762.00	102,042,873.71	100.00%
ETFs	-	-	0.00%
Total	3,138,762.00	102,042,873.71	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 102,042,873.71 worth of shares was traded on the NSX on Wednesday with about N$ 4,851,582 worth of shares belonging to Shoprite Holdings and N$ 58,610 worth of Capricorn Group Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Shoprite's shares have exhibited a bearish trend for two consecutive days, driven by the prevailing bullish market sentiment that has induced market participants to unwind their positions, causing a 2.7% decline in share performance.
• Shares of Capricorn Group were traded on the domestic exchange, resulting in a slight increase of 0.1% in the group’s share price on the local bourse

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.02	0.02%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.80	13.81	0.07%
First Rand Namibia	FNB	34.01	34.02	0.03%
Standard Bank Namibia	SNO	5.19	5.20	0.19%
Oryx Limited	ORY	11.50	11.49	-0.09%
Letshego	LHN	3.52	3.53	0.28%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.85	12.84	-0.08%
Mobile Telecommunication Company	MOC	7.09	7.08	-0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	636.00	629.70	-0.99%
B2Gold Corporation	B2G	63.79	62.03	-2.76%
Oceana Group Limited	OCG	71.73	71.43	-0.42%
Mediclinic International Plc	MEP	109.58	109.00	-0.53%
Truworths	TRW	59.85	59.45	-0.67%
Nedbank Group Limited	NBK	231.72	222.99	-3.77%
Standard Bank Group	SNB	183.10	178.64	-2.44%
Shoprite Holdings	SRH	224.00	217.93	-2.71%
FirstRand Limited	FST	67.39	66.21	-1.75%
Momentum Metropolitan Holdings	MMT	19.41	19.18	-1.18%
Old Mutual Ltd	OMM	12.41	12.16	-2.01%
Sanlam Limited	SLA	59.16	58.38	-1.32%
Santam Limited	SNM	302.00	301.36	-0.21%
Vukile Property Fund Limited	VKN	13.66	13.70	0.29%
Investec Limited	IVD	113.73	111.42	-2.03%
PSG Konsult Limited	KFS	12.68	12.60	-0.63%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	314.59	314.10	-0.16%
New Gold Palladium ETF	NGNPLD	253.56	250.76	-1.10%
New Gold Platinum ETF N	NGNPLT	169.32	168.35	-0.57%
New Funds S&P NAM Bond	NFNAMA	18.15	18.14	-0.06%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.59
EUR/NAD	19.61
GBP/NAD	22.04
EUR/GBP	0.89
EUR/USD	1.05
GBP/USD	1.18
AUD/USD	0.66
USD/JPY	136.76
Commodities @ 07:00
Gold	1,818.55
Silver	20.10
Platinum	940.90
Palladium	1,352.53
WTI	76.67
Brent	82.68

Table 5: Exchange Rates and Commodities 

Local News

Amid concerns about an already bloated public service wage bill, unions representing civil servants last month submitted salary-increment demands to the government, which include an 8% salary hike across the board. (Sun Newspaper)

Lepidico Ltd, a vertically integrated lithium and other critical metals developer has provided an update on its ore reserve estimate at its 80%-owned Karibib project, which has added a further 1.16 million tonnes into its probable reserves. The estimate was prepared by Australian Mine Design and Development Pty Ltd (AMDAD) while the estimation work is reported in accordance with the requirements of the JORC Code (2012. (New Era Newspaper)

Businessman Knowledge Katti stands a chance of making around N$42 million by selling 1% of a petroleum block joint venture near a hotspot in Namibia where oil has been discovered. (The Namibian Newspaper)

Sub-Sahara News

S&P Global unexpectedly downgraded South Africa's credit rating outlook to stable from positive on Wednesday evening. (News24)

International Monetary Fund staff will present Ghana’s request for a loan programme to its executive board by the end of the month, the country’s President Nana Akufo-Addo said on Wednesday during an annual state-of-the-nation address. (CNBC Africa)

The Angolan Attorney-General's Office has reportedly opened an investigation against the country's ambassador to Kenya. (All Africa News)

International News

China's annual consumer inflation slowed to the lowest rate in a year in February as consumers remained cautious despite the abandonment of strong pandemic controls late in 2022. (Reuters)

European stocks may struggle for direction on Thursday after renewed U.S. rate-hike bets spurred an overnight spike in Treasury yields. (RTT News)

Australia is expected to announce it will buy as many as five US Virginia class nuclear-powered submarines in the 2030s as part of a landmark Pacific security pact with the United States and the United Kingdom, according to four US officials. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	804,290.00	25,737,428.85	99.19%
ETFs	667.00	210,618.59	0.81%
Total	804,957.00	25,948,047.44	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 25,737,428.85 worth of shares was traded on the NSX on Tuesday with about N$ 826,640 worth of shares belonging to Shoprite Holdings and N$   204,060 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 210,618.59 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Shoprite’s share performance experienced a sell-off, resulting in a decline of 0.4% on the overall bourse.
• Shares of FirstRand Namibia were traded on the domestic exchange, however there was no change in the company's share price performance.
• New Gold Issuer Ltd NM ETF was also sold off by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.80	13.80	0.00%
First Rand Namibia	FNB	34.01	34.01	0.00%
Standard Bank Namibia	SNO	5.19	5.19	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.52	3.52	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.85	12.85	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	638.45	636.00	-0.38%
B2Gold Corporation	B2G	64.72	63.79	-1.44%
Oceana Group Limited	OCG	72.61	71.73	-1.21%
Mediclinic International Plc	MEP	108.92	109.58	0.61%
Truworths	TRW	59.51	59.85	0.57%
Nedbank Group Limited	NBK	233.83	231.72	-0.90%
Standard Bank Group	SNB	187.36	183.10	-2.27%
Shoprite Holdings	SRH	225.00	224.00	-0.44%
FirstRand Limited	FST	67.00	67.39	0.58%
Momentum Metropolitan Holdings	MMT	19.54	19.41	-0.67%
Old Mutual Ltd	OMM	12.28	12.41	1.06%
Sanlam Limited	SLA	59.13	59.16	0.05%
Santam Limited	SNM	306.48	302.00	-1.46%
Vukile Property Fund Limited	VKN	13.66	13.66	0.00%
Investec Limited	IVD	114.12	113.73	-0.34%
PSG Konsult Limited	KFS	12.66	12.68	0.16%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	314.74	314.59	-0.05%
New Gold Palladium ETF	NGNPLD	251.57	253.56	0.79%
New Gold Platinum ETF N	NGNPLT	170.81	169.32	-0.87%
New Funds S&P NAM Bond	NFNAMA	18.20	18.20	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.61
EUR/NAD	19.61
GBP/NAD	22.01
EUR/GBP	0.89
EUR/USD	1.05
GBP/USD	1.18
AUD/USD	0.65
USD/JPY	137.83
Commodities @ 07:00
Gold	1,815.55
Silver	20.04
Platinum	937.15
Palladium	1,373.00
WTI	77.64
Brent	83.51

Table 5: Exchange Rates and Commodities 

Local News

The Paratus Group announced that all five of its data centers (DCs) have been awarded several stamps of approval for quality management, information security, and Payment Card Industry Data Security Standards certifications. (Sun Newspaper)

Black Business Leadership Network of Namibia president Irene Simeon-Kurtz last Friday said the network does not support the imminent threat of closure of the Meat Corporation of Namibia in favour of previously advantaged farmers. (New Era Newspaper)

Health and social services minister Kalumbi Shangula says his ministry has been forced to cancel some operations due to the cancellation of multibillion-dollar medical tenders a few weeks ago. (The Namibian Newspaper)

Sub-Sahara News

The fourth-quarter GDP contraction was a shocker, and South Africa may be heading for two negative quarters - a technical recession (News24)

South Africa’s biggest supermarket group Shoprite SHPJ.J expects diesel costs to operate generators to remain elevated given rolling power cuts, pressuring its margins, but says new store openings will drive growth in 2023. (CNBC Africa)

South African tax authorities have not been able to find any record that Hazim Mustafa, the Sudanese businessman who paid U.S.$580 000 in cash for buffalo from President Cyril Ramaphosa's Phala Phala farm, declared the cash he brought into the country in December 2019, (All Africa News)

International News

Intelligence reviewed by U.S. officials indicates that a pro-Ukrainian group was behind last year's attacks on the Nord Stream natural gas pipelines, but there was no evidence of the Kyiv government's involvement, the New York Times reported. (Reuters)

European stocks may open flat to slightly higher on Wednesday as investors cheered signs of expanding manufacturing activity in China. (RTT News)

China is “strongly dissatisfied” with Germany’s reported plans to ban Huawei and ZTE from the country’s 5G network, the Chinese embassy has said. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	147,711.00	13,430,511.98	98.97%
ETFs	447.00	140,447.40	1.03%
Total	148,158.00	13,570,959.38	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 13,430,511.98 worth of shares was traded on the NSX on Monday with about N$  2,072,697 worth of shares belonging to Anglo-American and N$  229,797 worth of Oryx Properties Limited on the home front. ETFs worth N$ 140,447.40 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Following the release of the NSENS announcement regarding the annual results report, Anglo-American's share performance experienced a sell-off, resulting in a decline of 3.68% on the overall bourse.
• Shares of Oryx Properties Limited were traded on the domestic exchange, leading to a surge of 1.05% in the company's share price performance.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.80	13.80	0.00%
First Rand Namibia	FNB	33.57	34.01	1.31%
Standard Bank Namibia	SNO	5.19	5.19	0.00%
Oryx Limited	ORY	11.38	11.50	1.05%
Letshego	LHN	3.52	3.52	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.85	12.85	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	662.87	638.45	-3.68%
B2Gold Corporation	B2G	64.72	64.72	0.00%
Oceana Group Limited	OCG	72.85	72.61	-0.33%
Mediclinic International Plc	MEP	107.66	108.92	1.17%
Truworths	TRW	59.24	59.51	0.46%
Nedbank Group Limited	NBK	232.32	233.83	0.65%
Standard Bank Group	SNB	183.11	187.36	2.32%
Shoprite Holdings	SRH	222.83	225.00	0.97%
FirstRand Limited	FST	66.90	67.00	0.15%
Momentum Metropolitan Holdings	MMT	19.52	19.54	0.10%
Old Mutual Ltd	OMM	12.29	12.28	-0.08%
Sanlam Limited	SLA	59.02	59.13	0.19%
Santam Limited	SNM	300.10	306.48	2.13%
Vukile Property Fund Limited	VKN	13.60	13.66	0.44%
Investec Limited	IVD	111.62	114.12	2.24%
PSG Konsult Limited	KFS	12.69	12.66	-0.24%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	311.93	314.74	0.90%
New Gold Palladium ETF	NGNPLD	253.16	251.57	-0.63%
New Gold Platinum ETF N	NGNPLT	169.42	170.81	0.82%
New Funds S&P NAM Bond	NFNAMA	18.20	18.20	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.24
EUR/NAD	19.49
GBP/NAD	21.96
EUR/GBP	0.88
EUR/USD	1.06
GBP/USD	1.20
AUD/USD	0.67
USD/JPY	136.01
Commodities @ 07:00
Gold	1,854.05
Silver	21.17
Platinum	979.50
Palladium	1,432.78
WTI	80.67
Brent	86.42

Table 5: Exchange Rates and Commodities 

Local News

Oil minister Tom Alweendo says one of the key ways to ensure that Namibians enjoy meaningful participation in oil discovered locally is through joint ventures with foreign entities with required capabilities. (Sun Newspaper)

An Angolan businessman has partnered with two local businessmen to set up an oil and gas training academy at Walvis Bay. (New Era Newspaper)

The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. (The Namibian Newspaper)

Sub-Sahara News

The Special Investigating Unit (SIU) says it has managed to recover R18 million from law firms and attorneys that received duplicate payments from the Road Accident Fund (RAF). In the first phase of its probe, the SIU said it had identified 102 law firms that received duplicate payments from the RAF of approximately R340 million. (News24)

South African President Cyril Ramaphosa on Monday appointed a new electricity minister in an effort to try to solve the worst power cuts on record in the country, and he added several other allies to his cabinet ahead of a general election next year. (CNBC Africa)

The World Health Organisation (WHO) is exploring a two-pronged intervention strategy aimed at assisting Zimbabwe to beat a biting health sector brain drain following high-level representations from Government, the United Nations' health promotion agency has said. (All Africa News)

International News

Ukraine's top generals have vowed to keep defending the eastern city of Bakhmut, President Volodymyr Zelenskiy said, as Russian forces fought to tighten their siege and secure their first major battlefield gain in more than six months. (Reuters)

Asian stocks ended mostly higher on Tuesday as China recovery hopes outweighed concerns about further increases in U.S. interest rates (RTT News)

North Korea has said that any move to intercept and shoot down its test missiles would be considered “a declaration of war”. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	277,620.00	27,443,875.29	100.00%
ETFs	-	-	0.00%
Total	277,620.00	27,443,875.29	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 27,443,875.29 worth of shares was traded on the NSX on Thursday with about N$ 5,587,380 worth of shares belonging to Shoprite Holdings and N$ 14,661 worth of Letshego Holdings on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Shoprite Holdings’ share performance on the overall bourse increased by 0.1 percent as market participants adjust their portfolios.
• Letshego Holdings shares were traded on the local bourse, resulting in no change in share price performance.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.80	13.80	0.00%
First Rand Namibia	FNB	33.57	33.57	0.00%
Standard Bank Namibia	SNO	5.19	5.19	0.00%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.52	3.52	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.85	12.85	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	651.93	647.16	-0.73%
B2Gold Corporation	B2G	62.63	65.29	4.25%
Oceana Group Limited	OCG	74.25	72.96	-1.74%
Mediclinic International Plc	MEP	108.77	108.20	-0.52%
Truworths	TRW	60.54	58.77	-2.92%
Nedbank Group Limited	NBK	233.74	229.23	-1.93%
Standard Bank Group	SNB	185.69	183.20	-1.34%
Shoprite Holdings	SRH	223.37	223.68	0.14%
FirstRand Limited	FST	66.83	66.89	0.09%
Momentum Metropolitan Holdings	MMT	19.96	19.63	-1.65%
Old Mutual Ltd	OMM	12.00	12.12	1.00%
Sanlam Limited	SLA	59.89	58.35	-2.57%
Santam Limited	SNM	303.44	297.27	-2.03%
Vukile Property Fund Limited	VKN	13.66	13.60	-0.44%
Investec Limited	IVD	116.24	110.37	-5.05%
PSG Konsult Limited	KFS	12.61	12.61	0.00%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	311.54	311.25	-0.09%
New Gold Palladium ETF	NGNPLD	252.19	252.34	0.06%
New Gold Platinum ETF N	NGNPLT	168.66	168.05	-0.36%
New Funds S&P NAM Bond	NFNAMA	18.20	18.20	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.19
EUR/NAD	19.29
GBP/NAD	21.76
EUR/GBP	0.88
EUR/USD	1.06
GBP/USD	1.19
AUD/USD	0.67
USD/JPY	136.70
Commodities @ 07:00
Gold	1,844.95
Silver	21.07
Platinum	967.45
Palladium	1,448.50
WTI	78.00
Brent	84.59

Table 5: Exchange Rates and Commodities 

Local News

According to the Bank of Namibia (BoN), private sector credit extension (PSCE) growth stood at 2.6% year-on-year at the end of January 2023 compared to 4.2% at the end of December 2022 (HEI Research)

The Namibian Competition Commission on 10 February 2023 resolved to initiate an investigation against NamPower, Telecom Namibia, and MTC for alleged exclusive dealings in the dark optic fiber infrastructure. (New Era Newspaper)

Information and communication minister Peya Mushelenga said the cabinet has endorsed a request to create a category of “very very important persons” (VVIP) diplomatic passports. (The Namibian Newspaper)

Sub-Sahara News

It is true that South Africa is preparing a plan to ration electricity, including up to what you could – but engineers would not – call stage Stage 16, and even beyond. (News24)

Countries in debt distress such as Zambia and Sri Lanka turning to the International Monetary Fund (IMF) for financial help are facing unprecedented delays to secure bailouts as China and Western economies clash over how to provide debt relief. (CNBC Africa)

Researchers have found that cheaper and more accessible blood testing methods can improve the care of patients with chronic hepatitis B in Africa. (All Africa News)

International News

Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia's invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments. (Reuters)

K car production dropped only slightly in January as the output of electrified vehicles increased sharply, data from the Society of Motor Manufacturers and Traders showed Friday. (RTT News)

A meeting of the Group of 20 has ended without a consensus on the Ukraine war as China joined Russia in refusing to support a demand for Moscow to cease hostilities. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	160,170.00	16,714,692.78	95.78%
ETFs	2,371.00	736,195.50	4.22%
Total	162,541.00	17,450,888.28	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 16,714,692.78 worth of shares was traded on the NSX on Wednesday with about N$ 74,379 worth of shares belonging to Anglo-American plc and N$ 635,076 worth of Namibia Breweries on the home front. ETFs worth N$ 736,195.50 were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American share performance on the overall bourse increased by 2.4% as market participants subscribes to the company.
• Namibia Breweries shares were traded on the local bourse, resulting in no change in share price performance
• New Gold Issuer Ltd NM ETFs were allotted by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.79	13.80	0.07%
First Rand Namibia	FNB	33.53	33.57	0.12%
Standard Bank Namibia	SNO	5.19	5.19	0.00%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.52	3.52	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.85	12.85	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	636.67	651.93	2.40%
B2Gold Corporation	B2G	62.34	62.63	0.47%
Oceana Group Limited	OCG	72.50	74.25	2.41%
Mediclinic International Plc	MEP	110.85	108.77	-1.88%
Truworths	TRW	59.17	60.54	2.32%
Nedbank Group Limited	NBK	230.58	233.74	1.37%
Standard Bank Group	SNB	183.58	185.69	1.15%
Shoprite Holdings	SRH	222.54	223.37	0.37%
FirstRand Limited	FST	65.55	66.83	1.95%
Momentum Metropolitan Holdings	MMT	19.86	19.96	0.50%
Old Mutual Ltd	OMM	11.91	12.00	0.76%
Sanlam Limited	SLA	59.83	59.89	0.10%
Santam Limited	SNM	295.68	303.44	2.62%
Vukile Property Fund Limited	VKN	13.42	13.66	1.79%
Investec Limited	IVD	117.42	116.24	-1.00%
PSG Konsult Limited	KFS	12.99	12.61	-2.93%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	311.34	311.54	0.06%
New Gold Palladium ETF	NGNPLD	249.62	252.19	1.03%
New Gold Platinum ETF N	NGNPLT	168.10	168.66	0.33%
New Funds S&P NAM Bond	NFNAMA	18.20	18.20	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.19
EUR/NAD	19.36
GBP/NAD	21.83
EUR/GBP	0.88
EUR/USD	1.06
GBP/USD	1.20
AUD/USD	0.67
USD/JPY	136.46
Commodities @ 07:00
Gold	1,840.55
Silver	21.03
Platinum	959.15
Palladium	1,428.50
WTI	77.78
Brent	84.42

Table 5: Exchange Rates and Commodities 

Local News

FirstRand Namibia’s earnings for the six months ended 31 December 2022 increased by 36% to N$845 million (Sun Newspaper)

The launch of the Transport Registers and Information Platform System and the Corridor Trip Monitoring System took place yesterday in Windhoek. (New Era Newspaper)

The Namibia Statistics Agency (NSA) plans to recruit approximately 13 000 temporary workers to help conduct the 2023 Population and Housing Census. (The Namibian Newspaper)

Sub-Sahara News

The Gauteng Department of Human Settlements (GDHS) bought three land parcels on 13 March 2019, handing an instant paper profit of R158.7 million to Landworth, a company owned by real estate mogul Ralebala "Rali" Mampeule. (News24)

Listed engineering and mining contractor, Murray & Roberts, posted another interim headline loss per share of 30 cents per share but did see a tick up in near orders to the tune of a 3 billion rand increase in the six months to December 2021. (CNBC Africa)

Environment Minister Yasmin Fouad has announced that a grant worth 9.13 million dollars will be provided by the Global Environment Facility (GEF) to expand the range of a project for managing air pollution and climate change in Greater Cairo (All Africa News)

International News

Tesla Inc (TSLA.O) will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it will debut a much-awaited affordable electric vehicle. (Reuters)

European stocks are likely to open on a positive note Thursday after the U.S. Fed's minutes from the January 31-February 1 meeting contained no new surprises. (RTT News)

North Korean leader Kim Jong Un has urged officials to meet agricultural production targets amid reported food shortages, declaring “nothing is impossible” under the leadership of the ruling Workers’ Party. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	441,920.00	63,260,732.32	100.00%
ETFs	-	-	0.00%
Total	441,920.00	63,260,732.32	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 63,260,732.32 worth of shares was traded on the NSX on Monday with about N$9,127,200 worth of shares belonging to Truworths and N$ 124,875 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

• Truworth's share performance on the overall bourse declined as market participants liquidates their positions over concerns regarding costs, sales, and who would be the next CEO.
• SBN Holdings shares were traded  on the local bourse resulting in share price soaring by 1.2%

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.79	13.79	0.00%
First Rand Namibia	FNB	33.53	33.53	0.00%
Standard Bank Namibia	SNO	5.19	5.25	1.16%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.52	3.52	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.85	12.85	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	629.90	634.85	0.79%
B2Gold Corporation	B2G	59.19	61.11	3.24%
Oceana Group Limited	OCG	68.96	68.40	-0.81%
Mediclinic International Plc	MEP	109.50	109.58	0.07%
Truworths	TRW	61.23	60.46	-1.26%
Nedbank Group Limited	NBK	230.08	230.79	0.31%
Standard Bank Group	SNB	181.07	182.00	0.51%
Shoprite Holdings	SRH	225.63	224.74	-0.39%
FirstRand Limited	FST	65.11	65.23	0.18%
Momentum Metropolitan Holdings	MMT	19.43	19.38	-0.26%
Old Mutual Ltd	OMM	11.75	11.81	0.51%
Sanlam Limited	SLA	58.04	58.35	0.53%
Santam Limited	SNM	285.13	288.11	1.05%
Vukile Property Fund Limited	VKN	13.10	13.17	0.53%
Investec Limited	IVD	113.54	115.86	2.04%
PSG Konsult Limited	KFS	12.61	12.39	-1.74%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	310.83	311.44	0.20%
New Gold Palladium ETF	NGNPLD	246.84	256.96	4.10%
New Gold Platinum ETF N	NGNPLT	162.81	166.57	2.31%
New Funds S&P NAM Bond	NFNAMA	18.18	18.18	0.00%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.43
EUR/NAD	19.52
GBP/NAD	22.21
EUR/GBP	0.87
EUR/USD	1.05
GBP/USD	1.20
AUD/USD	0.67
USD/JPY	136.28
Commodities @ 08:00
Gold	1,820.90
Silver	20.66
Platinum	941.25
Palladium	1,416.78
WTI	75.95
Brent	82.25

Table 5: Exchange Rates and Commodities 

Local News

Beef exports from Namibia's northern communal areas (NCAs) do not carry foot-and-mouth disease (FMD) and pose no risk of introducing the disease in market countries, in particular, the Ghanaian market (Sun Newspaper)

Preliminary outturns in many respects point to improving fiscal fundamentals aligned to positive domestic economic growth prospects and buoyancy arising from tax administration reforms, Finance and Public Enterprises Minister Iipumbu Shiimi has said. (New Era Newspaper)

The Southern African Customs Union has appointed Thabo David Khasipe as its new executive secretary as of 1 February 2023. (The Namibian Newspaper)

Sub-Sahara News

Public Enterprises Minister Pravin Gordhan confirmed that former Eskom CEO Andre de Ruyter spoke to him about corruption at the power utility, but never presented any evidence. (News24)

Outsider Peter Obi defeated his ruling party challenger to win Nigeria’s commercial hub of Lagos on Monday, in an upset two days after a presidential election marred by delays and complaints of irregularities. (CNBC Africa)

President Emmanuel Macron announced on Monday a "noticeable reduction" of France's troop presence in Africa following a withdrawal from Mali and Burkina Faso after years fighting jihadists there.

"The change will happen in the coming months with a noticeable reduction of our numbers and a greater presence in these bases of our African partners," Macron said ahead of a four-nation African tour. (All Africa News)

International News

The Biden administration announced measures to crack down on child labor on Monday amid a steep rise in violations and investigative reports by Reuters and other news outlets on illegal employment of migrant minors in dangerous U.S. industries. (Reuters)

European stocks may open on a cautious note Tuesday as investors weigh geopolitical tensions and the prospect of more U.S. interest rate hikes. (RTT News)

Israeli settlers have carried out at least 300 attacks, including shootings and arson, in a rampage through Palestinian villages in the Nablus area of the occupied West Bank, Palestinian officials say, in what has been described as a “pogrom”. (Aljazeera News)