Author: hei

Table 1: NSX Trades

NSX Activities

A total of N$46,541,191.92 worth of shares was traded on the NSX on Monday with about N$ 4,046,367 worth of shares belonging to Anglo-American and N$ 873,218 from Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse slightly declined, amid commodity prices softening on the markets.
• Namibia Breweries shares were traded resulting in no change in share price at closing.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Agriculture minister Calle Schlettwein says Meatco is still in the intensive care unit (ICU) and a decision must be taken on whether to terminate life support or breathe new life in the SOE (Sun Newspaper)

National rail service provider TransNamib remains in a challenging financial position due to its short-term cash-flow position and limited rolling stock capacity. (New Era Newspaper)

Ohangwena governor Walde Ndevashiya is pleading for good Samaritans to assist the affected communities with tents, food, and other necessities amid a second flood wave arriving from Angola. (The Namibian)

Sub-Sahara News

South Africa is considering declaring a national state of disaster as record power cuts cripple the economy. (News24)

Nigeria’s government bonds fell heavily on Monday after rating agency Moody’s downgraded the West African oil producer late on Friday to Caa1 from B3, saying the government’s fiscal and debt position was expected to keep deteriorating. (CNBC Africa)

Hopes for the Johnson & Johnson (J&J) Mosaico vaccine - the only HIV vaccine candidate in late-stage (Phase 3) clinical trials - were dashed with manufacturer Janssen Pharmaceuticals' recent announcement that the vaccine lacked efficacy in preventing HIV infection. In the wake of this announcement, top South African HIV clinicians are now setting their sights on different approaches to finding an HIV vaccine. (All Africa News)

International News

More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co (LUV.N) (Reuters)

Asian stock markets are mostly higher in thin holiday trading on Tuesday, following the broadly positive cues from global markets overnight, boosted by strong gains in technology stocks, which mirrored their peers on the tech-heavy Nasdaq (RTT News)

Brazil’s former President Jair Bolsonaro has applied for a six-month tourist visa to remain in the United States, his lawyer said, as the far-right politician faces an investigation at home into accusations he helped incite this month’s riot in the Brazilian capital. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 9,202,682.06 worth of shares was traded on the NSX on Wednesday with about N$ 997,554 worth of shares belonging to Shoprite Holdings and N$ 349,985 from Oryx Properties Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Shoprite’s performance on the overall bourse slightly increased by 0.3% from one buy transactional deal
• Oryx Properties shares were traded by market participants, with no change in share price.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

A total of 6.82 million kilograms of pork was imported into Namibia last year, a decline of 8.9% compared to the 7.56 million kilograms imported during 2021 (Sun Newspaper)

In the quest to make higher education and training accessible to eligible and qualifying students, the government, through the Namibia Student Financial Assistance Fund, has invested over N$7 billion in student funding at public and private institutions for the past five years (New Era Newspaper)

THE Agro-Marketing and Trade Agency (AMTA) boss, Lungameni Lucas, failed to protect the interests of the state-owned agriculture company when AMTA went into a N$57 million property deal with businessman Erastus 'Chicco' Shapumba. (The Namibian)

Sub-Sahara News

South Africa’s central bank is set to moderate its most aggressive interest-rate hiking cycle in at least two decades on Thursday, and economists and traders will be on high alert for any signs of a pivot away from policy tightening. (News24)

Africa must produce more food instead of relying on imports and aid, Senegalese President Macky Sall told leaders gathered in the West African nation’s capital for a summit on Wednesday. (CNBC Africa)

Tanzania opposition leader Tundu Lissu has returned to the country from self-imposed exile in Belgium, where he had lived since surviving an assassination attempt in 2017 when he was shot 16 times (All Africa News)

International News

European Union migration ministers meet on Thursday to discuss visa restrictions and better coordination inside the bloc to be able to send more people with no right to asylum in Europe back to their home countries including Iraq. (Reuters)

Asian stocks ended mixed on Thursday amid lingering uncertainty about the outlook for the global economy. Disappointing U.S. data was released overnight and hawkish Fed comments added to the downbeat sentiment. (RTT News)

Ukraine says it will now push for Western fourth-generation fighter jets such as the American F-16 after securing dozens of high-end battle tanks from NATO allies. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 17,226,953.10 worth of shares was traded on the NSX on Tuesday with about N$1,962,625 worth of shares belonging to Anglo-American plc and N$ 4,417,051 from Namibia Breweries on the home front. ETFs worth N$ 676,108.57 were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse declined on the backdrop of bearish performance in the global markets
• Namibia Breweries shares were traded by market participants, with no change in share price.
•  New Gold Issuer Ltd NM & New Gold Platinum ETF N were both subscribed by market participants yesterday as the volatility of the markets pushed for more engagements in gold futures.

Table 2: Primary listed Trades

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Table 3: Dual-Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

The Ohangwena Regional Council, in partnership with the Office of the Prime Minister, yesterday assisted about 16-20 homesteads evacuated at Onaminda village in Oshikango Constituency over the heavy flooding. (Sun Newspaper)

Standard Bank Namibia has become the first corporate to join MTC by supporting the national internship program with N$200 000.. (New Era Newspaper)

Metal Mill Engineering, a subcontractor at Andrada Mining Limited (former AfriTin Mining Limited) at Uis, dismissed over 45 artisans on Monday. (The Namibian)

Sub-Sahara News

Bank Zero founder and former FNB CEO, Michael Jordaan, says South Africans need to rise and solve their problems at a personal level, including ditching unreliable services, even if it is Eskom. (News24)

Nigeria’s central bank on Tuesday raised its benchmark lending rate by 100 basis points (bps) to 17.5%, as monetary authorities seek to rein in inflation without choking off lending to the private sector. (CNBC Africa)

Small parties and citizens' lists are put at a disadvantage by the electoral law changes made by parliament on 23 December. Candidates' lists must be submitted 60 days before the elections. Each list must have as many candidates as there are seats in the municipal assembly plus at least three supplementary (suplentes) and each candidate must have five documents which are not always easy to obtain. (All Africa News)

International News

The U.S. Justice Department accused Alphabet Inc's (GOOGL.O) Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley's most successful internet companies. (Reuters)

Consumer prices from the UK and passenger car registrations from Europe are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics is set to release UK consumer prices for December. Inflation is forecast to ease to 10.5 percent from 10.7 percent in November. (RTT News)

After promising to radically change Colombian drug policy, the administration of President Gustavo Petro has announced plans this month to reduce forced eradication efforts that, for decades, have remained one of the country’s chief strategies to curb coca, the raw ingredient in cocaine. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 29,945,146.92 worth of shares was traded on the NSX on Monday with about N$ 882,517 worth of shares belonging to Anglo-American plc and N$ 66,000 from FirstRand Namibia Ltd on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse was allotted  by market participants, causing the price to increase at closing by 1.2%
• FirstRand Namibia shares were traded by market participants, resulting in a slight decline in share price at closing

Table 2: Primary listed Trades

­­

Table 3: Dual-Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

The Ohangwena Regional Council, in partnership with the Office of the Prime Minister, yesterday assisted about 16-20 homesteads evacuated at Onaminda village in Oshikango Constituency over the heavy flooding. (Sun Newspaper)

The Namibia University of Science and Technology’s male hostel has been dormant for over two years, following the institution’s failure to renovate it. (New Era Newspaper)

The Central Procurement Board of Namibia (CPBN) is currently evaluating another state contract estimated at over N$5 billion to supply the Ministry of Health and Social Services with medicine (The Namibian)

Sub-Sahara News

The Foschini Group's (TFG) businesses in SA and elsewhere on the continent – which includes Foschini, Markham, Jet, @home, Coricraft, and American Swiss – reported like-for-like turnover growth of 5.7% in the quarter to end-December compared to the previous year. Including new businesses and shops, TFG Africa's turnover growth reached 18%. (News24)

Ghana’s government and the Ghana Association of Banks (GAB) have agreed on new terms for banks to participate in a domestic debt exchange plan, they said in a joint statement on Monday. (CNBC Africa)

The federal government will, on Monday mount a high-stakes attempt at London's High Court to overturn an $11bn arbitration award that left it owing more than a quarter of its foreign reserves to an obscure oil and gas company (All Africa News)

International News

The World Health Organization (WHO) is investigating whether there is any connection between manufacturers whose contaminated cough syrups it has linked to the deaths of more than 300 children in three countries, a person familiar with the matter told Reuters. (Reuters)

European stocks fell in cautious trade on Tuesday, as investors digested weak GDP data from China and awaited earnings reports from Goldman Sachs and Morgan Stanley later in the day that will provide guidance about the health of the world's largest economy (RTT News) Turkish President Recep Tayyip Erdogan has warned Sweden that it should not expect his backing to join NATO following the burning of the Quran outside Ankara’s embassy in Stockholm during a protest. (Aljazeera News)