Author: hei




NSX DAILY UPDATE (03 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 932,097.00 15,495,469.93100.00%
ETFs -   -  0.00%
Total 932,097.00 15,495,469.93 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 15,495,469.93 worth of shares was traded on the NSX on Wednesday with about N$ 1,090,880 worth of Anglo-American plc and N$ 5,175,456 worth of Capricorn Group on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance on the market continues to recover as the market bounce back from a sell-off trend
  • Shares belonging to Capricorn Group were traded by market participants with no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3111.310.00%
First Rand NamibiaFNB30.5330.530.00%
Standard Bank NamibiaSNO4.724.750.64%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.01-0.14%
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 plcANM518.00526.001.54%
B2Gold CorporationB2G51.6452.050.79%
Oceana Group LimitedOCG54.2553.29-1.77%
Mediclinic International PlcMEP94.9095.000.11%
TruworthsTRW52.2552.650.77%
Nedbank Group LimitedNBK203.50202.04-0.72%
Standard Bank GroupSNB146.06145.49-0.39%
Shoprite HoldingsSRH224.95223.65-0.58%
FirstRand LimitedFST62.2961.66-1.01%
Momentum Metropolitan HoldingsMMT17.0016.88-0.71%
Old Mutual LtdOMM9.819.59-2.24%
Sanlam LimitedSLA52.6751.61-2.01%
Santam LimitedSNM245.05246.970.78%
Vukile Property Fund LimitedVKN12.5612.43-1.04%
Investec LimitedIVD71.7670.89-1.21%
PSG Konsult LimitedKFS10.6510.64-0.09%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD276.89276.10-0.29%
New Gold Palladium ETFNGNPLD362.59368.811.72%
New Gold Platinum ETF NNGNPLT150.73147.72-2.00%
New Funds S&P NAM BondNFNAMA16.9216.920.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.98
EUR/NAD17.36           
GBP/NAD19.39
EUR/GBP0.89
EUR/USD0.95
GBP/USD1.07
AUD/USD0.64
USD/JPY144.67
Commodities @ 08:00 
Gold1,650.60
Silver18.61
Platinum845.00
Palladium2,129.77
WTI81.37
Brent87.25

Table 5: Exchange Rates and Commodities 


Local News

The Namibian economy expanded by 5.6% during the second quarter of 2022, compared to 5.5% registered in the corresponding quarter of 2021, according to the Namibia Statistics Agency. (Namibian Sun)

Teachers at Ekoka Combined School are unhappy that their monthly bush allowance is N$600 less than what they feel they deserve (New Era Newspaper)

Despite the government channeling N$183.4 million to the Ministry of Sport, Youth and National Service between 2013 and 2021 to create jobs for young people (The Namibian)

Sub-Sahara News

Public Enterprises Minister Pravin Gordhan has spoken out on the future of Eskom CEO André de Ruyter, saying the new board will thoroughly review the executives' performance. (News24)

Ghana’s negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country’s Finance Minister Ken Ofori-Atta said on Wednesday. (CNBC Africa)

From November 6 to 18, El Sheikh, Egypt, will host the 2022 United Nations Climate Change Conference, often known as COP27. This will be the 27th United Nations Climate Change Conference. (All Africa News)

International News

Russia was poised to annex a swath of Ukraine within days, releasing what it called vote tallies showing overwhelming support in four provinces to join it, after what Ukraine and the West denounced as illegal sham referendums held at gunpoint.. (Reuters)

Asian stocks declined on Thursday after U.S. Federal Reserve officials announced another big rate hike and reiterated their support for further interest rate hikes to curb rampant inflation. (RTT News)

Myanmar’s elected leader Aung San Suu Kyi has been found guilty of breaching the country’s official secrets act by a secretive military court, the latest of a string of convictions brought by the generals who removed her from office in a coup last year. (Aljazeera News)

NSX DAILY UPDATE (30 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 343,050.00 21,681,709.4493.69%
ETFs 9,114.00 1,461,187.146.31%
Total 352,164.00 23,142,896.58 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 21,681,709.44 worth of shares was traded on the NSX on Friday with about N$ 1,305,923 worth of Anglo-American plc and N$   26,105 worth of SBN Holdings Ltd on the home front. ETFs worth N$ 1,461,187.14 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-Americans declined as concerns about stubborn inflation, higher interest rates continue to impact risk sentiments on the last day of the month
  • Shares belonging to SBN Holdings Ltd were traded by market participants resulting in a minor decline in share price
  • New Gold Platinum ETF N and New Gold Issuer Ltd NM were subscribed as investors try to hedge against unforeseen economic headwinds
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.510.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3111.350.35%
First Rand NamibiaFNB30.5330.530.00%
Standard Bank NamibiaSNO4.754.70-1.05%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.670.00%
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 plcANM547.74546.00-0.32%
B2Gold CorporationB2G54.5855.511.70%
Oceana Group LimitedOCG53.4453.26-0.34%
Mediclinic International PlcMEP97.7298.380.68%
TruworthsTRW51.3249.85-2.86%
Nedbank Group LimitedNBK198.84199.740.45%
Standard Bank GroupSNB143.13144.000.61%
Shoprite HoldingsSRH219.42216.99-1.11%
FirstRand LimitedFST60.5160.740.38%
Momentum Metropolitan HoldingsMMT16.7516.790.24%
Old Mutual LtdOMM9.539.782.62%
Sanlam LimitedSLA50.7351.591.70%
Santam LimitedSNM247.74250.030.92%
Vukile Property Fund LimitedVKN12.3212.390.57%
Investec LimitedIVD68.9171.643.96%
PSG Konsult LimitedKFS10.5110.772.47%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD277.85280.651.01%
New Gold Palladium ETFNGNPLD387.18384.64-0.66%
New Gold Platinum ETF NNGNPLT150.50150.620.08%
New Funds S&P NAM BondNFNAMA16.9816.97-0.06%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.99
EUR/NAD17.67       
GBP/NAD20.23
EUR/GBP0.87
EUR/USD0.98
GBP/USD1.12
AUD/USD0.64
USD/JPY144.80
Commodities @ 08:00 
Gold1,675.20
Silver19.48
Platinum866.45
Palladium2,175.02
WTI81.84
Brent87.54

Table 5: Exchange Rates and Commodities 


Local News

Private sector credit extension (PSCE) growth stood at 4.6% at the end of August compared to the 3.9% at the end of July 2022. (HEI Research)

Namibia acquired a loan of N$2.3 billion from the African Development Bank to co-finance the second phase of Namibia’s governance and economic recovery support program. (GERSPII) (New Era Newspaper)

The International Monetary Fund (IMF) board has approved a new lending facility for countries faced with acute food insecurity (The Namibian)

Sub-Sahara News

Only a fraction of buildings has Energy Performance Certificates, and those that miss the 7 December deadline risk a fine of up to R5 million, imprisonment, or both. (News24)

The World Bank said it has approved a $750 million credit line for Nigeria to help the country’s 36 states push through reforms to attract investment and create jobs. (CNBC Africa)

Burkina Faso's junta leader Paul-Henri Sandaogo Damiba has agreed to step down, religious leaders said Sunday, after a mutiny within the military left the West African nation in chaos (All Africa News)

International News

Ukraine claimed full control of Russia's eastern logistics hub Lyman, its most significant battlefield gain in weeks, setting the stage for further advances aimed at cutting Russia's supply lines to its battered troops to a single route. (Reuters)

Asian stocks fell on Monday to extend recent losses, the dollar surged to new 20-year highs on rising yields, gold held at a 2-1/2-year trough and oil extended last week's losses as recession fears gripped financial markets (RTT News)

Indonesia will establish an independent fact-finding team to investigate a stampede at a football stadium in which some 125 people, including more than a dozen children, died (Aljazeera News)

Private Sector Credit Extension Report (PSCE), August 2022

Analysis

Credit extended to the private sector (individuals and businesses) increased to N$ 109,737 million from N$ 109,298 million recorded in July 2022. This translated into a slight monthly increase of 0.4%. The increase continues to be at the backdrop of an upturn in demand for credit by businesses for overdrafts and other loans and advances, while growth for households declined significantly as the cost of living continues to rise. See figure 1 below.

On an annual basis, total credit extended to the private sector increased by 4.5% in August up from 1.7% recorded in August 2021. This was mainly derived from growth recorded for overdrafts and other loans and advances for businesses by 0.1% and 19.4%, respectively. This is an indication that confidence is returning albeit at a slow pace. According to the Bank of Namibia, businesses in the mining and service sectors have become the main contributors to businesses’ credit growth due to the high demand for overdrafts which has drastically increased, recovering from negative territory. However, the demand for credit for households recorded no growth during the period under review. This clearly indicates that households lack the confidence to take up credit. See Figures 2 & 3.

Figure 1: Annual % growth rates on Total Credit Extended to the Private Sector vs. Repo Rate & Interest Rate, (January 2020- August 2022)

Source: BON, NSA & HEI RESEARCH

Figure 2: Annual % changes for Credit Extended to Businesses per category, (August 2021-August 2022)

Source: BON & HEI RESEARCH

Figure 3: Annual % changes for Credit Extended to Individuals per category, (August 2021-August 2022)

Source: BON & HEI RESEARCH

Outlook

The continuous improvements in domestic economic activity especially in the mining and services sectors could drive up the demand for credit in the short to medium term. We project a minimal growth in the Private Sector Credit Extension for the remaining months of 2022. Notwithstanding this, the anticipated monetary policy tightening by the central bank could also threaten businesses and individuals confidence to take up credit.

NSX DAILY UPDATE (29 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 141,371.00 8,534,449.32100.00%
ETFs -   -  0.00%
Total 141,371.00 8,534,449.32 100.00%

Table 1: NSX Trades

NSX Activities


A total of N$ 8,534,449.32 worth of shares was traded on the NSX on Thursday with about N$ 189,107 worth of Anglo-American plc and N$  51,300 worth of Oryx Properties Limited on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance on the market continues to recover as the market bounce back from a sell-off trend
  • Shares belonging to Oryx Properties Limited were traded by market participants resulting in a minor change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3111.310.00%
First Rand NamibiaFNB30.5330.530.00%
Standard Bank NamibiaSNO4.754.750.00%
Oryx LimitedORY10.2710.26-0.10%
LetshegoLHN2.672.670.00%
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 plcANM526.00547.744.13%
B2Gold CorporationB2G52.0554.584.86%
Oceana Group LimitedOCG53.2953.440.28%
Mediclinic International PlcMEP95.0097.722.86%
TruworthsTRW52.6551.32-2.53%
Nedbank Group LimitedNBK202.04198.84-1.58%
Standard Bank GroupSNB145.49143.13-1.62%
Shoprite HoldingsSRH223.65219.42-1.89%
FirstRand LimitedFST61.6660.51-1.87%
Momentum Metropolitan HoldingsMMT16.8816.75-0.77%
Old Mutual LtdOMM9.599.53-0.63%
Sanlam LimitedSLA51.6150.73-1.71%
Santam LimitedSNM246.97247.740.31%
Vukile Property Fund LimitedVKN12.4312.32-0.88%
Investec LimitedIVD70.8968.91-2.79%
PSG Konsult LimitedKFS10.6410.51-1.22%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD276.10277.850.63%
New Gold Palladium ETFNGNPLD368.81387.184.98%
New Gold Platinum ETF NNGNPLT147.72150.501.88%
New Funds S&P NAM BondNFNAMA16.9216.980.35%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.97
EUR/NAD17.65        
GBP/NAD20.03
EUR/GBP0.89
EUR/USD0.98
GBP/USD1.11
AUD/USD0.64
USD/JPY144.52
Commodities @ 08:00 
Gold1,675.40
Silver18.94
Platinum866.15
Palladium2,188.77
WTI81.32
Brent87.41

Table 5: Exchange Rates and Commodities 


Local News

The auditors of Grand Namibia and BDO Namibia have since 2019 been concerned about Trustco Bank Namibia’s (TBN) ability to continue as a going concern because of the huge losses it has suffered. (Namibian Sun)

The Environmental and Social Impact Assessment report by the Environmental Compliance Consultancy reveals that it has been determined that the fishing industry would be able to co-exist with the phosphate industry (New Era Newspaper)

Namibia has been ranked third among nations with the highest wealth per capita in Africa after Mauritius and South Africa (The Namibian)

Sub-Sahara News

Eskom, which is under an unprecedented financial strain, received another blow on Thursday when the CCMA awarded employees a further 1.5% wage increase, backdated to July 2021. (News24)

Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen priced shares at the top end of the range, braving turbulent market conditions. (CNBC Africa)

Global hydrogen demand reached 94 million tons in 2021 and contained energy equal to about 2.5% of global final energy consumption. Only about 0.1% of current global hydrogen production is green, but big expansions are planned. (All Africa News)

International News

Russian President Vladimir Putin was set to host a Kremlin ceremony on Friday annexing four regions of Ukraine, while his Ukrainian counterpart said Putin would have to be stopped for Russia to avoid the most damaging consequences of the war. (Reuters)

U.K. stocks tumbled on Friday to extend losses from the previous session amid concerns about a potential global recession. (RTT News)

International warnings about efforts to “subvert democracy” in Brazil are growing, just days before voters head to the polls for a presidential election that has deepened divisions in the South American nation. (Aljazeera News)

NSX DAILY UPDATE (28 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 932,097.00 15,495,469.93100.00%
ETFs -   -  0.00%
Total 932,097.00 15,495,469.93 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 15,495,469.93 worth of shares was traded on the NSX on Wednesday with about N$ 1,090,880 worth of Anglo-American plc and N$ 5,175,456 worth of Capricorn Group on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance on the market continues to recover as the market bounce back from a sell-off trend
  • Shares belonging to Capricorn Group were traded by market participants with no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3111.310.00%
First Rand NamibiaFNB30.5330.530.00%
Standard Bank NamibiaSNO4.724.750.64%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.01-0.14%
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 plcANM518.00526.001.54%
B2Gold CorporationB2G51.6452.050.79%
Oceana Group LimitedOCG54.2553.29-1.77%
Mediclinic International PlcMEP94.9095.000.11%
TruworthsTRW52.2552.650.77%
Nedbank Group LimitedNBK203.50202.04-0.72%
Standard Bank GroupSNB146.06145.49-0.39%
Shoprite HoldingsSRH224.95223.65-0.58%
FirstRand LimitedFST62.2961.66-1.01%
Momentum Metropolitan HoldingsMMT17.0016.88-0.71%
Old Mutual LtdOMM9.819.59-2.24%
Sanlam LimitedSLA52.6751.61-2.01%
Santam LimitedSNM245.05246.970.78%
Vukile Property Fund LimitedVKN12.5612.43-1.04%
Investec LimitedIVD71.7670.89-1.21%
PSG Konsult LimitedKFS10.6510.64-0.09%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD276.89276.10-0.29%
New Gold Palladium ETFNGNPLD362.59368.811.72%
New Gold Platinum ETF NNGNPLT150.73147.72-2.00%
New Funds S&P NAM BondNFNAMA16.9216.920.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.98
EUR/NAD17.36           
GBP/NAD19.39
EUR/GBP0.89
EUR/USD0.95
GBP/USD1.07
AUD/USD0.64
USD/JPY144.67
Commodities @ 08:00 
Gold1,650.60
Silver18.61
Platinum845.00
Palladium2,129.77
WTI81.37
Brent87.25

Table 5: Exchange Rates and Commodities 


Local News

The Namibian economy expanded by 5.6% during the second quarter of 2022, compared to 5.5% registered in the corresponding quarter of 2021, according to the Namibia Statistics Agency. (Namibian Sun)

Teachers at Ekoka Combined School are unhappy that their monthly bush allowance is N$600 less than what they feel they deserve (New Era Newspaper)

Despite the government channeling N$183.4 million to the Ministry of Sport, Youth and National Service between 2013 and 2021 to create jobs for young people (The Namibian)

Sub-Sahara News

Public Enterprises Minister Pravin Gordhan has spoken out on the future of Eskom CEO André de Ruyter, saying the new board will thoroughly review the executives' performance. (News24)

Ghana’s negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country’s Finance Minister Ken Ofori-Atta said on Wednesday. (CNBC Africa)

From November 6 to 18, El Sheikh, Egypt, will host the 2022 United Nations Climate Change Conference, often known as COP27. This will be the 27th United Nations Climate Change Conference. (All Africa News)

International News

Russia was poised to annex a swath of Ukraine within days, releasing what it called vote tallies showing overwhelming support in four provinces to join it, after what Ukraine and the West denounced as illegal sham referendums held at gunpoint.. (Reuters)

Asian stocks declined on Thursday after U.S. Federal Reserve officials announced another big rate hike and reiterated their support for further interest rate hikes to curb rampant inflation. (RTT News)

Myanmar’s elected leader Aung San Suu Kyi has been found guilty of breaching the country’s official secrets act by a secretive military court, the latest of a string of convictions brought by the generals who removed her from office in a coup last year. (Aljazeera News)

NSX DAILY UPDATE (27 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 264,974.00 9,494,363.89100.00%
ETFs -   -  0.00%
Total 264,974.00 9,494,363.89 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$  9,494,363.89 worth of shares was traded on the NSX on Tuesday with about N$ 1,662,612 worth of Anglo-American plc and N$ 1,444,117 worth of Capricorn Group on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance on the market slightly recovered as market participants stabilizes their portfolios
  • Shares belonging to Capricorn Group were traded contributing to a soaring in share price by 1.8% at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.4942.500.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.1111.311.80%
First Rand NamibiaFNB30.5330.530.00%
Standard Bank NamibiaSNO4.714.720.21%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
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 plcANM512.52518.001.07%
B2Gold CorporationB2G53.7151.64-3.85%
Oceana Group LimitedOCG54.2554.250.00%
Mediclinic International PlcMEP95.6494.90-0.77%
TruworthsTRW52.2552.250.00%
Nedbank Group LimitedNBK200.00203.501.75%
Standard Bank GroupSNB143.60146.061.71%
Shoprite HoldingsSRH219.94224.952.28%
FirstRand LimitedFST61.2062.291.78%
Momentum Metropolitan HoldingsMMT16.6617.002.04%
Old Mutual LtdOMM9.819.810.00%
Sanlam LimitedSLA52.1052.671.09%
Santam LimitedSNM242.15245.051.20%
Vukile Property Fund LimitedVKN12.4212.561.13%
Investec LimitedIVD74.4771.76-3.64%
PSG Konsult LimitedKFS10.4610.651.82%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD276.89276.890.00%
New Gold Palladium ETFNGNPLD362.59362.590.00%
New Gold Platinum ETF NNGNPLT150.73150.730.00%
New Funds S&P NAM BondNFNAMA16.9216.920.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.11
EUR/NAD17.33              
GBP/NAD19.35
EUR/GBP0.89
EUR/USD0.95
GBP/USD1.06
AUD/USD0.63
USD/JPY144.68
Commodities @ 08:00 
Gold1,629.00
Silver18.08
Platinum830.70
Palladium2,067.52
WTI77.34
Brent83.68

Table 5: Exchange Rates and Commodities 


Local News

Bulk utility service providers NamWater and NamPower say suggestions for them to write off debts owed by local authorities do not make business sense and could leave them unable to provide services.(Namibian Sun)

The small pelagic industry has said the true state of the pilchard fishery may never be known as the current research methods do not give a clear indication on the recovery of the stock  (New Era Newspaper)

TrustCo Group Holdings and its subsidiary Trustco Bank Namibia have filed a case in the High Court in a bid to review several directives and decisions issued by the Bank of Namibia linked to the central bank denying Trustco a full commercial banking license (The Namibian)

Sub-Sahara News

In five years, Eskom went from predicting that SA would have an 8GW surplus of capacity to a 6GW deficit. At the heart of our energy crisis is the collapse of its coal fleet. (News24)

Kenyan President William Ruto on Tuesday appointed former central bank governor Njuguna Ndung’u as finance minister to steer the economy through rising inflation, a heavy debt burden, and drought. (CNBC Africa)

Guineans hope the wait for justice will soon come to an end 13 years after a massacre that killed at least 157 people. Ex-junta leader Moussa Camara and his former lieutenants are expected to face the judge.. (All Africa News)

International News

The suspected sabotage against the Nord Stream gas pipelines does not constitute an attack on Sweden, Foreign Minister Ann Linde told SVT public television on Wednesday. (Reuters)

European stocks traded mixed on Wednesday, as investors awaited a Federal Reserve rate decision and monitored increased political tensions with Russia. (RTT News)

US President Joe Biden will host leaders from the Pacific Islands this week in what the White House is billing as a first-of-its-kind regional leaders summit in Washington, amid increasing rivalry between the United States and China in the Pacific. (Aljazeera News)

NSX DAILY UPDATE (26 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 159,665.00 11,796,232.08100.00%
ETFs -   -  0.00%
Total 159,665.00 11,796,232.08 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 11,796,232.08 worth of shares was traded on the NSX on Monday with about N$ 3,925,557 worth of Anglo-American plc and N$  218,669  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 shares declined in share price as the SARBs decision to hike up interest rates by 75bps.
  • Shares belonging to Capricorn Group were traded with a decline in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.4942.490.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3111.11-1.77%
First Rand NamibiaFNB30.5230.530.03%
Standard Bank NamibiaSNO4.714.710.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
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 plcANM521.68512.52-1.76%
B2Gold CorporationB2G55.1953.71-2.68%
Oceana Group LimitedOCG55.1954.25-1.70%
Mediclinic International PlcMEP96.1595.64-0.53%
TruworthsTRW52.1352.250.23%
Nedbank Group LimitedNBK203.30200.00-1.62%
Standard Bank GroupSNB145.03143.60-0.99%
Shoprite HoldingsSRH220.88219.94-0.43%
FirstRand LimitedFST61.8961.20-1.11%
Momentum Metropolitan HoldingsMMT17.1016.66-2.57%
Old Mutual LtdOMM10.109.81-2.87%
Sanlam LimitedSLA52.4952.10-0.74%
Santam LimitedSNM241.68242.150.19%
Vukile Property Fund LimitedVKN12.6412.42-1.74%
Investec LimitedIVD78.2274.47-4.79%
PSG Konsult LimitedKFS10.7110.46-2.33%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD274.42276.890.90%
New Gold Palladium ETFNGNPLD359.43362.590.88%
New Gold Platinum ETF NNGNPLT148.93150.731.21%
New Funds S&P NAM BondNFNAMA17.0416.92-0.70%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.08
EUR/NAD17.41               
GBP/NAD19.38
EUR/GBP0.91
EUR/USD0.96
GBP/USD1.08
AUD/USD0.65
USD/JPY144.23
Commodities @ 08:00 
Gold1,643.10
Silver18.58
Platinum853.60
Palladium2,044.53
WTI77.80
Brent83.99

Table 5: Exchange Rates and Commodities 


Local News

Former members of the People’s Liberation Army of Namibia (PLAN), and their war enemies South West Africa Territorial Force (SWATF) and Koevoet intend to petition former presidents and the current president of Namibia over the government alleged failure to address the plight of the three groups. (Namibian Sun)

The Walvis Bay municipal council will finally write off millions in outstanding debt pensioners, while ordinary residents and businesses at the harbor town  (New Era Newspaper)

Meat Corporation of Namibia (Meatco) chief executive officer (CEO) says the pre-tax loss of N$206 million the company reported in its latest annual financial results last week was expected, as a result of Namibia's recent drought period (The Namibian)

Sub-Sahara News

South Africa remains vulnerable to cyber warfare, despite a plan to protect the country against threats to its national security and commercial capability being put into motion almost eight years ago. (News24)

Nigeria’s national electricity grid collapsed on Monday leaving many parts of the country without power, electricity distribution companies said. (CNBC Africa)

President William Ruto has flagged off 20,000 bags of rice, 20,000 bags of beans, and assorted animal feed to areas facing severe drought. (All Africa News)

International News

U.S. Vice President Kamala Harris will visit the de-militarised zone (DMZ) separating the Koreas on Thursday in a bid to show Washington's commitment to the South's security, according to U.S. and South Korean officials. (Reuters)

Asian stocks ended broadly lower on Monday as investors braced for a slew of central bank decisions this week. The Federal Reserve meets on Wednesday, while the Bank of England and the Swiss National Bank will announce their monetary policy decisions. (RTT News)

Japan is bidding farewell to former Prime Minister Shinzo Abe, who was killed on the campaign trail in July, with a rare state funeral that has divided the nation. (Aljazeera News)


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