Author: hei




NSX DAILY UPDATE (20 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 119,804.00 8,071,278.4595.37%
ETFs 2,500.00 391,575.254.63%
Total 122,304.00 8,462,853.70 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 8,071,278.45 worth of shares was traded on the NSX on Thursday with about N$ 695,575 worth of Anglo-American and N$ 410,445 worth of Namibia Breweries on the home front. ETFs worth N$ 391,575.25 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were traded with no change in share price at closing
  • Shares belonging to Namibia Breweries were traded on the local bourse, with no change in share price
  • New Gold Platinum ETF N was traded resulting in an increase in share price.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM541.34544.250.54%
B2Gold CorporationB2G54.2953.45-1.55%
Oceana Group LimitedOCG54.5552.50-3.76%
Mediclinic International PlcMEP101.49101.32-0.17%
TruworthsTRW52.8152.24-1.08%
Nedbank Group LimitedNBK208.56207.47-0.52%
Standard Bank GroupSNB163.26165.221.20%
Shoprite HoldingsSRH226.20224.15-0.91%
FirstRand LimitedFST62.6462.15-0.78%
Momentum Metropolitan HoldingsMMT16.0216.342.00%
Old Mutual LtdOMM10.1110.140.30%
Sanlam LimitedSLA51.9951.74-0.48%
Santam LimitedSNM255.35256.590.49%
Vukile Property Fund LimitedVKN13.8113.70-0.80%
Investec LimitedIVD83.2783.650.46%
PSG Konsult LimitedKFS10.7911.042.32%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD278.08278.800.26%
New Gold Palladium ETFNGNPLD351.75366.064.07%
New Gold Platinum ETF NNGNPLT157.46160.912.19%
New Funds S&P NAM BondNFNAMA17.1817.14-0.23%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.33
EUR/NAD17.91
GBP/NAD20.50
EUR/GBP0.87
EUR/USD0.97
GBP/USD1.12
AUD/USD0.62
USD/JPY150.31
Commodities @ 08:00 
Gold1,625.05
Silver18.47
Platinum910.05
Palladium2,051.50
WTI84.52
Brent92.41

Table 5: Exchange Rates and Commodities 


Local News

The environment ministry has, throughout the last six months, updated, aligned, and developed several key national documents to boost the country’s efforts against climate change and mobilize the necessary funding to do so (Sun Newspaper)

Sperrgebiet Diamond Mining (Pty) (SDM) this week confirmed a majority equity investment by Global Emerging Markets Group (GEM) (New Era Newspaper)

The ministry of mines and energy Tom Alweendo says they do not investigate people who no longer work at the ministry, amid concerns that officials are enriching themselves before (The Namibian)

Sub-Sahara News

Eskom chairman Mpho Makwana says he is in no rush to fire executives but the bigger question will be whether he and CEO Andre de Ruyter have positive chemistry. (News24)

U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. (CNBC Africa)

Africa has the natural resources and the policies required to tackle poverty and hunger - but these policies are not effectively implemented. Noting the impact of Russia's invasion of Ukraine on the continent's food systems and the innovations introduced to respond to the COVID-19 pandemic, SIFISO NTOMBELA provides practical measures to improve food security, also arguing that exporting food can be a source of economic strength. (All Africa News)

International News

The United States has said Iranian military trainers were in Crimea helping Russian forces operate Iranian-made drones to attack targets in Ukraine, adding an alarming strand to a war that has heightened geopolitical tensions. (Reuters)

European stocks rose on Friday to extend gains from the previous session amid hopes that U.S. inflation may have peaked around 8 percent and would trend lower in the coming months (RTT News)

European Union leaders have failed to reach an agreement on a plan to help protect their citizens from surging energy prices, despite hours of wrangling at a summit in Brussels. (Aljazeera News)

NSX DAILY UPDATE (19 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 101,204.00 21,510,902.1797.42%
ETFs 2,743.00 570,538.062.58%
Total 103,947.00 22,081,440.23 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 21,510,902.17 worth of shares was traded on the NSX on Wednesday with about N$ 11,012,522 worth of Anglo-American and N$ 45,000 worth of Namibia Breweries on the home front. ETFs worth N$ 570,538.06 were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were traded with no change in share price at closing
  • Shares belonging to Namibia Breweries were traded on the local bourse, with no change in share price
  • New Gold Platinum ETF N and New Gold Issuer Ltd NM ETF were traded resulting in a decline at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM548.94541.34-1.38%
B2Gold CorporationB2G53.5354.291.42%
Oceana Group LimitedOCG55.0654.55-0.93%
Mediclinic International PlcMEP101.30101.490.19%
TruworthsTRW53.6052.81-1.47%
Nedbank Group LimitedNBK203.18208.562.65%
Standard Bank GroupSNB151.98163.267.42%
Shoprite HoldingsSRH225.35226.200.38%
FirstRand LimitedFST60.9362.642.81%
Momentum Metropolitan HoldingsMMT16.0716.02-0.31%
Old Mutual LtdOMM10.0810.110.30%
Sanlam LimitedSLA51.4851.990.99%
Santam LimitedSNM254.44255.350.36%
Vukile Property Fund LimitedVKN13.6313.811.32%
Investec LimitedIVD83.0983.270.22%
PSG Konsult LimitedKFS10.7910.790.00%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD279.26278.08-0.42%
New Gold Palladium ETFNGNPLD355.51351.75-1.06%
New Gold Platinum ETF NNGNPLT160.44157.46-1.86%
New Funds S&P NAM BondNFNAMA17.1817.180.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.30
EUR/NAD17.91
GBP/NAD20.53
EUR/GBP0.87
EUR/USD0.97
GBP/USD1.12
AUD/USD0.62
USD/JPY149.95
Commodities @ 08:00 
Gold1,647.55
Silver18.56
Platinum896.55
Palladium2,019.03
WTI85.66
Brent93.19

Table 5: Exchange Rates and Commodities 


Local News

The Agricultural Bank of Namibia (Agribank) loan book for the Otjozondjupa Region stands at over N$1.1 billion (Sun Newspaper)

The largest grain processor in the country, Namib Mills, this week denied mismanaging its workers’ pension funds (New Era Newspaper)

A N$110 million project will develop Africa’s first two dual-fuel hydrogen-diesel locomotives for TransNamib. (The Namibian)

Sub-Sahara News

The company that owns Markus Jooste's Hermanus mansion took out an R75 million mortgage with a trust in the name of one of the founders of Tekkie Town last year, documents show. (News24)

Africa must build oil and gas pipelines, liquefied natural gas (LNG) terminals, distribution hubs, and gas-fired power plants over the next 20 years to unlock its energy market of over 600 million people, officials, executives, and analysts say. (CNBC Africa)

Eskom has announced that the breakdown of four units - two at Kendal and one each at Kriel and at Arnot power stations has forced it to continue with Stage 3 load shedding, which was supposed to have been suspended for the day at 5 am today. Meanwhile, the utility has reported that internal investigations, with the assistance of the Hawks, led to the arrest of an employee at the Tutuka power station on October 17, 2022, for the removal of ten drums of hydraulic oil worth R800,000 from the on-site stores' facility. (All Africa News)

International News

Chinese President Xi Jinping would become a "sinner" of all Chinese people if he attacked Taiwan and would not win a war as he would face international sanctions and diplomatic isolation, Taiwan's top security official said on Thursday. (Reuters)

European stocks traded mixed on Thursday amid concerns over a turbulent U.K. bond market and news of more Russian missile strikes on Ukrainian towns (RTT News)

US President Joe Biden has called on Americans concerned with reproductive rights to voting for Democrats in midterm elections, promising to push a bill in Congress that would protect the right to abortion nationwide if his party wins next month. (Aljazeera News)

Vehicle Sales Report, Namibia: September 2022

Executive summary

  • New vehicle sales declined to 1018 vehicles for September 2022 from 1051 vehicles sold in August 2022. See figure 1.
  • The drop in new vehicle sales for September  2022 was mainly driven by low sales of light commercial vehicles and passenger vehicles
  • New light commercial vehicle sales declined by 4% in relation to vehicles sold in August 2022
  • Passenger vehicles sales declined by 3% when compared to August 2022
  • A total of 10899 vehicles were sold between September 2021 and September 2022 an improvement from 10045 vehicles sold between September 2020 and September 2021

Analysis

  • On an annual basis, new vehicle sales increased by 32.7% (See figure 2). This could have been influenced by an upturn in demand as consumer confidence is slowly returning to pre-pandemic levels
  • Light commercial vehicle sales declined to 448 from 465 vehicles in September 2022. This could have been attributed to poor performance in light commercial activities
  • Passenger vehicle sales decreased to 505 from 519. The decline could have resulted from a lack of consumer confidence to take up credit to purchase new vehicles due to the high cost of borrowing
  • Extra heavy commercial vehicle sales declined to 28 from 33  vehicles sold in August 2022 as a consequence of low demand for heavy transportation services

Figure 1: Monthly Vehicle Sales (September 2021 – September 2022), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Figure 2: Year-on-Year, Vehicle sales growth (July 2021- July 2022), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Outlook

  • The current monetary policy tightening has negatively influenced the demand for credit for both households and businesses. With banks having turned cautious over their vehicle financing, we expect new vehicle sales momentum for October 2022 to drop further.

NSX DAILY UPDATE (18 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 73,768.00 6,223,980.27100.00%
ETFs -   -  0.00%
Total 73,768.00 6,223,980.27 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 6,223,980.27 worth of shares was traded on the NSX on Tuesday with about N$ 304,155 worth of Namibia Breweries and N$  221,000 worth of Capricorn Group on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Namibia Breweries’ shares were traded with no change in share price at closing
  • Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM550.72548.94-0.32%
B2Gold CorporationB2G53.4653.530.13%
Oceana Group LimitedOCG54.9255.060.25%
Mediclinic International PlcMEP101.71101.30-0.40%
TruworthsTRW53.4253.600.34%
Nedbank Group LimitedNBK204.41203.18-0.60%
Standard Bank GroupSNB152.53151.98-0.36%
Shoprite HoldingsSRH226.00225.35-0.29%
FirstRand LimitedFST60.5160.930.69%
Momentum Metropolitan HoldingsMMT15.8516.071.39%
Old Mutual LtdOMM10.0710.080.10%
Sanlam LimitedSLA51.7451.48-0.50%
Santam LimitedSNM258.00254.44-1.38%
Vukile Property Fund LimitedVKN13.6413.63-0.07%
Investec LimitedIVD83.6483.09-0.66%
PSG Konsult LimitedKFS10.8010.79-0.09%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD279.74279.26-0.17%
New Gold Palladium ETFNGNPLD350.74355.511.36%
New Gold Platinum ETF NNGNPLT159.68160.440.48%
New Funds S&P NAM BondNFNAMA17.2017.18-0.12%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.15
EUR/NAD17.86
GBP/NAD20.52
EUR/GBP0.87
EUR/USD0.98
GBP/USD1.12
AUD/USD0.62
USD/JPY149.37
Commodities @ 08:00 
Gold1,647.30
Silver18.58
Platinum893.60
Palladium2,017.50
WTI82.61
Brent90.19

Table 5: Exchange Rates and Commodities 


Local News

G4S Namibia workers are up in arms over what they term a “measly” N$ 2,400.00 salary with no danger allowance or medical aid. (Sun Newspaper)

B2Gold Namibia yesterday confirmed the labor dispute at the country’s largest gold mine, the Otjikoto mine, has ended with approximately 160 suspended employees returning for duty with a warning (New Era Newspaper)

The Namibia Revenue Agency (Namra) is shining the spotlight on directors of government and private sector entities who fail to pay taxes on board fees and allowances they receive (The Namibian)

Sub-Sahara News

Former Steinhoff chairperson Christo Wiese has praised the SA Reserve Bank for attaching around R1.4 billion in assets linked to the retailer's ex-CEO Markus Jooste, saying that "a lot of people will be grateful to see that the wheels of justice are turning". (News24)

Kenya plans to use cheaper loans from agencies such as the World Bank to allow it to retire expensive domestic loans and create funds for much-needed spending on items like food, the nominee to the post of finance minister said on Tuesday. (CNBC Africa)

The number of people living in poverty in sub-Saharan Africa has overtaken that in South Asia, says a new study. Nearly 579 million Africans live in what the study calls "acute multidimensional poverty". (All Africa News)

International News

German exports to Britain this year could grow for the first time since 2015 if the upward trend seen from January to August continues through 2022, statistics office data showed. (Reuters)

Asian stocks ended mixed on Wednesday after a recent string of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits. The dollar index rose after the IMF's warning of a severe global recession (RTT News)

UN Secretary-General Antonio Guterres said on Monday that he believed such action was necessary to ease the grip gangs have on a port that is critical to allowing fuel supplies into the country. (Aljazeera News)

Building Plans Approved Report, Windhoek: September 2022

Executive summary

  • The City of Windhoek approved a total of 264 building plans valued at N$ 150,821,972 in September 2022. See figure 1
  • Out of 264 building plans approved, 169 were additions plans, 62 were house plans, 21 were wall plans, 6 were commercial plans, and 6 were pool plans
  • The number of building plans approved increased by 8% in relation to the previous month. See Figure 2
  • During the month under review, a total number of 88 buildings were completed for Windhoek at the value of N$ 107,571,936
  • The total buildings completed increased by 3.5% when compared to the buildings completed in August 2022 

Analysis

  • On an annual basis, the number of building plans approved for Windhoek increased by 79.6%
  • Total building plans approved and completed increased for September 2022 amidst rising interest rates and commodity prices
  • For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 59 plans (32 addition plans, 18 house plans, 4 commercial plans, 4 wall plans, and 1 pool plan) valued at N$ 43,819,137
  • Klein Windhoek had the second-highest number of building plans approved with a total of 29 plans valued at N$  8,685,000

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (September 2021- September 2022)

Source: CoW & HEI RESEARCH

Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (September 2021- September 2022)

Source: CoW & HEI RESEARCH

Outlook

  • The poor economic performance of the construction sector reflected in the second quarter of 2022 indicates that construction activities are under pressure. This can be attributed to a decrease in real government expenditure for the sector  
  • We project the construction sector to remain under pressure in the short to medium term.

CPI Report: September 2022

Executive summary

  • The annual inflation rate increased to 7.1% for August 2022 from 3.5% recorded during the same period last year. See figure 1
  • The annual inflation rate averaged 5.8% from January to September 2022 compared to an average of 3.5% recorded during the same period last year. This was mainly derived from the transport inflation category which emanated from high and volatile international crude oil prices in 2022
  • The main drivers of an increase in the annual inflation rate were transport, hotels, cafes and restaurants, furnishings household equipment, and routine maintenance of the house and food alcoholic beverages, and tobacco. See figure 2
  • On a monthly basis, inflation increased by 0.1% influenced by the price levels changes in transport (from 0.2% to -1.6%); housing, water, electricity, gas and other fuels (from 0.3% to 0.1%); recreation and culture (from 0.7% to 0.3%) and food and non-alcoholic beverages (from 0.8% to 0.6%)

Analysis

  • The annual inflation rate for the transport category increased to 19.5% from 7.5% recorded during the same period last year. This was mainly influenced by an increase in the prices of fuel (petrol and diesel) driven by an increase in oil prices globally and an increase in the cost of public transportation services
  • An increase in the annual inflation rate for hotels, cafes, and restaurants from 0.2% to 11.0% was driven by an upturn in demand for accommodation services due to a rebound in tourism-related activities
  • The annual inflation rate for furnishings household equipment and routine maintenance of the house increased to 9.4% from 4.8%. This was due to an increase in the price levels of goods and services for routine household maintenance and heating and cooking appliances, refrigerators, washing machines, and similar major household appliances
  • Food and non-alcoholic beverages and tobacco which accounts for 16.5% of the inflation basket recorded an increase in the annual inflation rate of 9.3% from 5.0% recorded during the same period last year. This came as a consequence of an increase in the price levels of bread and cereals, fruits and oils, and fats
  • The communications category recorded deflation of - 0.3% for September 2022 declining from 0.9% recorded in September 2021. This could have been influenced by face-to-face engagement after the removal of the Covid-19 restrictions

Figure 1: Annual Inflation rate, Namibia

Source: NSA & HEI RESEARCH

Figure 2: Sub-Categorical analysis Year on Year %, Namibia

Source: NSA & HEI RESEARCH

Outlook

  • Announcements made by Namibia Breweries Limited on an increase in the price levels of  alcoholic and non-alcoholic beverages and OPEC production out cuts will propel the transport and alcoholic beverages components of inflation and in turn annual inflation rate for October 2022
  • We anticipate that the annual inflation rate for October will remain on an upward trend.
  • We anticipate that the inflation will remain higher for longer.

NSX DAILY UPDATE (17 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 48,438.00 2,529,616.78100.00%
ETFs -   -  0.00%
Total 48,438.00 2,529,616.78 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 2,529,616.78 worth of shares was traded on the NSX on Monday with about N$ 186,351 worth of Anglo-American plc and N$ 109,850 worth of Capricorn Group on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance on the exchange displayed a slight increase on the bourse as resource-linked counters bounce back from a sell-off.
  • Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.304.402.33%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM531.77550.723.56%
B2Gold CorporationB2G55.5453.46-3.75%
Oceana Group LimitedOCG54.5654.920.66%
Mediclinic International PlcMEP100.15101.711.56%
TruworthsTRW51.2653.424.21%
Nedbank Group LimitedNBK199.21204.412.61%
Standard Bank GroupSNB147.60152.533.34%
Shoprite HoldingsSRH220.61226.002.44%
FirstRand LimitedFST58.1960.513.99%
Momentum Metropolitan HoldingsMMT15.2915.853.66%
Old Mutual LtdOMM9.5910.075.01%
Sanlam LimitedSLA49.2651.745.03%
Santam LimitedSNM254.99258.001.18%
Vukile Property Fund LimitedVKN13.2013.643.33%
Investec LimitedIVD79.9983.644.56%
PSG Konsult LimitedKFS10.8910.80-0.83%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD280.09279.74-0.12%
New Gold Palladium ETFNGNPLD361.77350.74-3.05%
New Gold Platinum ETF NNGNPLT157.79159.681.20%
New Funds S&P NAM BondNFNAMA17.2717.20-0.41%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.01
EUR/NAD17.74
GBP/NAD20.43
EUR/GBP0.86
EUR/USD0.96
GBP/USD1.12
AUD/USD0.63
USD/JPY148.91
Commodities @ 08:00 
Gold1,659.80
Silver18.78
Platinum922.00
Palladium2,021.50
WTI85.40
Brent92.52

Table 5: Exchange Rates and Commodities 


Local News

Mines minister Tom Alweendo says Namibia is not yet in a position to determine whether it would like to apply for membership to the Organisation of Petroleum Countries (OPEC) (Sun Newspaper)

The government’s long-awaited electronic procurement portal (E-GP) is finally a reality. (New Era Newspaper)

Only 80 out of 2,895 employers have used money in the national training fund for the training of existing employees and vocational training of students  (The Namibian)

Sub-Sahara News

The South African Transport and Allied Workers Union (Satawu) has vowed to continue striking at Transnet, calling the entity's three-year wage deal with the United National Transport Union (UNTU) a "betrayal" of workers. (News24)

International Monetary Fund staff on Monday reached a staff-level agreement with Somalia that will allow the release of about $10 million to the East African country, once approved by the board, the head of the IMF mission told Reuters. (CNBC Africa)

Ethiopia's government has vowed to seize control of airports and other federal facilities in the country's Tigray region, a day after the African Union appealed for a ceasefire. (All Africa News)

International News

As Xi Jinping consolidates power at China's 20th Communist Party Congress this week, Chinese women are not holding their breath for progress in gender equality. (Reuters)

Asian stocks ended mostly lower on Tuesday to extend recent losses amid worries about relentless Federal Reserve tightening and the escalation of the conflict in Ukraine following heavy Russian attacks. (RTT News)

UN Secretary-General Antonio Guterres said on Monday that he believed such action was necessary to ease the grip gangs have on a port that is critical to allowing fuel supplies into the country.. (Aljazeera News)

NSX DAILY UPDATE (14 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 234,882.00 22,834,786.2892.09%
ETFs 6,936.00 1,961,163.137.91%
Total 241,818.00 24,795,949.41 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 22,834,786.28 worth of shares was traded on the NSX on Friday with about N$ 118,355 worth of Mediclinic International and N$ 14,560 worth of SBN Holdings Ltd on the home front. ETFs worth N$ 1,961,163.13 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

  • Mediclinic International’s performance on the exchange displayed a slight decline on the bourse.
  • Shares belonging to SBN Holdings Ltd  were traded on the local bourse, resulting in a decrease in share price at closing
  • New Gold Issuer Ltd NM ETF was sold off by market participants at the closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6130.620.03%
Standard Bank NamibiaSNO4.704.30-8.51%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM542.61531.77-2.00%
B2Gold CorporationB2G56.5955.54-1.86%
Oceana Group LimitedOCG54.5154.560.09%
Mediclinic International PlcMEP101.62100.15-1.45%
TruworthsTRW50.4551.261.61%
Nedbank Group LimitedNBK199.02199.210.10%
Standard Bank GroupSNB147.13147.600.32%
Shoprite HoldingsSRH219.62220.610.45%
FirstRand LimitedFST58.0158.190.31%
Momentum Metropolitan HoldingsMMT15.2715.290.13%
Old Mutual LtdOMM9.569.590.31%
Sanlam LimitedSLA49.1149.260.31%
Santam LimitedSNM251.11254.991.55%
Vukile Property Fund LimitedVKN13.0413.201.23%
Investec LimitedIVD79.5879.990.52%
PSG Konsult LimitedKFS10.6710.892.06%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD283.00280.09-1.03%
New Gold Palladium ETFNGNPLD369.55361.77-2.11%
New Gold Platinum ETF NNGNPLT155.66157.791.37%
New Funds S&P NAM BondNFNAMA17.2917.27-0.12%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.24
EUR/NAD17.78
GBP/NAD20.59
EUR/GBP0.86
EUR/USD0.97
GBP/USD1.12
AUD/USD0.62
USD/JPY148.69
Commodities @ 08:00 
Gold1,656.25
Silver18.41
Platinum909.45
Palladium2,038.50
WTI85.47
Brent92.53

Table 5: Exchange Rates and Commodities 


Local News

A total of 1,018 new vehicles were sold in September, which is 34 fewer than were sold in August, but represents a 32.7% year-on-year increase from 767 new vehicles sold in September 2021. (Sun Newspaper)

Namib Mills has announced an increase in prices on their various products with effect from 14 November 2022. (New Era Newspaper)

The Namibia Ports Authority (Namport) has approved Swiss-based container terminal giant, Terminal Investment Limited (TIL), as the preferred bidder to operate the port utility’s new N$4 billion container terminal.  (The Namibian)

Sub-Sahara News

SAA is developing a plan to enable it to continue operating even if one presupposes an extended or even indefinite delay in the strategic equity partnership coming on board, says the interim chair and CEO Prof. John Lamola. (News24)

British Prime Minister Liz Truss on Friday scrapped another key tax-cutting policy after firing her finance minister, in a bid to placate markets after the government’s controversial “mini-budget.” (CNBC Africa)

The federal government has announced that as at yesterday, the death toll of flood disaster has hit 603. This comes as a report released by experts has warned that the agricultural losses recorded from recent flooding incidents will further worsen food scarcity. (All Africa News)

International News

Thousands of Australians on Monday returned to homes and businesses to assess flood damage even as evacuation warnings remained in inland regions of the southeast and authorities warned of more rain ahead which could trigger renewed flooding. (Reuters)

Asian stocks fell on Monday as better-than-expected U.S. jobs data released on Friday cemented bets of more large Federal Reserve rate hikes. Lingering worries surrounding the Russia-Ukraine war and the U.S.-China chip war also dented sentiment (RTT News)

Iranian President Ebrahim Raisi accused United States President Joe Biden of “inciting chaos” after he expressed support for demonstrations against the death of Mahsa Amini, a woman who died in Iranian government custody nearly a month ago. (Aljazeera News)

NSX DAILY UPDATE (13 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 122,848.00 9,298,218.10100.00%
ETFs -   -  0.00%
Total 122,848.00 9,298,218.10 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 9,298,218.10 worth of shares was traded on the NSX on Thursday with about N$ 2,269,093 worth of Shoprite Holdings and N$       91,000 worth of Capricorn Group on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Shoprite Holdings' performance on the exchange displayed continuous volatility as share prices reacted to market sentiments.
  • Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6130.610.00%
Standard Bank NamibiaSNO4.704.700.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.680.37%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM535.81542.611.27%
B2Gold CorporationB2G55.8856.591.27%
Oceana Group LimitedOCG54.0154.510.93%
Mediclinic International PlcMEP99.64101.621.99%
TruworthsTRW50.4050.450.10%
Nedbank Group LimitedNBK196.99199.021.03%
Standard Bank GroupSNB144.87147.131.56%
Shoprite HoldingsSRH220.84219.62-0.55%
FirstRand LimitedFST57.2858.011.27%
Momentum Metropolitan HoldingsMMT15.1715.270.66%
Old Mutual LtdOMM9.509.560.63%
Sanlam LimitedSLA48.9649.110.31%
Santam LimitedSNM248.57251.111.02%
Vukile Property Fund LimitedVKN13.1113.04-0.53%
Investec LimitedIVD76.3679.584.22%
PSG Konsult LimitedKFS10.7310.67-0.56%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD284.89283.00-0.66%
New Gold Palladium ETFNGNPLD373.52369.55-1.06%
New Gold Platinum ETF NNGNPLT156.03155.66-0.24%
New Funds S&P NAM BondNFNAMA17.2517.290.23%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.18
EUR/NAD17.80
GBP/NAD20.58
EUR/GBP0.86
EUR/USD0.97
GBP/USD1.13
AUD/USD0.62
USD/JPY147.45
Commodities @ 08:00 
Gold1,677.25
Silver19.01
Platinum907.35
Palladium2,135.02
WTI89.41
Brent94.81

Table 5: Exchange Rates and Commodities 


Local News

Beef from the northern communal area (NCAs) is currently being exported into several new African markets, while it is also available for consumption in three towns south of the veterinary cordon fence (VCF) (Sun Newspaper)

Namibia remains resolute in its stance to vote against debating alleged widespread abuses in China’s Xinjiang, citing a recent United Nations motion as being tabled through an ambush, outside normal procedure (New Era Newspaper)

Canadian mining company B2Gold Namibia has started recruiting workers for its Otjikoto Mine in north-central Namibia after suspending more than 200 employees  (The Namibian)

Sub-Sahara News

Gareth Ackerman urges the government to let the private sector run key infrastructure such as roads, rail, and ports to secure SA's supply chains and help it fire on all cylinders. (News24)

South African rail freight and port workers have rejected logistics firm Transnet’s revised pay offer and vowed to continue a strike that started last week, a union leader said on Thursday. (CNBC Africa)

With elections pushed back by a further two years, Chad's military ruler Mahamat Deby is set to stay on as president. He's also gained expansive new powers as part of several presential resolutions passed. (All Africa News)

International News

Evacuees from Ukraine's southern Kherson region were expected to begin arriving in Russia on Friday after a Moscow-installed official suggested residents should leave for safety, a sign of Moscow's weakening hold on territory it claims to have annexed. (Reuters)

European stocks traded flat to slightly higher on Thursday despite renewed concerns about inflation and a possible recession. German factory orders decreased 2.4 percent month-on-month in August, Destatis reported (RTT News)

North Korea has test-fired a pair of long-range strategic cruise missiles, with leader Kim Jong Un lauding another successful display of the country’s tactical nuclear strike capability. (Aljazeera News)


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