Author: hei




NSX DAILY UPDATE (23 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 228,951.00 16,700,730.4697.69%
ETFs 2,110.00 395,513.502.31%
Total 231,061.00 17,096,243.96 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 16,700,730.46 worth of shares was traded on the NSX on Friday with about N$  2,552,365 worth of Anglo-American plc and N$ 69,779 worth of Mobile Telecommunications Limited on the home front. ETFs worth N$395,513.50 were traded on Friday

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 Mobile Telecommunications Limited were traded with a slight change in share price at closing
  • New Gold Issuer Ltd NM ETF was sold off as market correction takes place post-Fed decisions
  • New Gold Platinum ETF N & New Gold Issuer Ltd NM ETF were traded resulting in a decline in the asking price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.4942.490.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3011.310.09%
First Rand NamibiaFNB30.5230.520.00%
Standard Bank NamibiaSNO4.704.710.21%
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 CompanyMOC7.017.020.14%
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 plcANM563.36521.68-7.40%
B2Gold CorporationB2G55.9155.19-1.29%
Oceana Group LimitedOCG55.8855.19-1.23%
Mediclinic International PlcMEP97.7696.15-1.65%
TruworthsTRW52.5052.13-0.70%
Nedbank Group LimitedNBK207.13203.30-1.85%
Standard Bank GroupSNB146.21145.03-0.81%
Shoprite HoldingsSRH222.16220.88-0.58%
FirstRand LimitedFST62.9661.89-1.70%
Momentum Metropolitan HoldingsMMT17.7517.10-3.66%
Old Mutual LtdOMM10.2110.10-1.08%
Sanlam LimitedSLA53.3652.49-1.63%
Santam LimitedSNM241.00241.680.28%
Vukile Property Fund LimitedVKN12.8812.64-1.86%
Investec LimitedIVD80.0078.22-2.23%
PSG Konsult LimitedKFS10.7010.710.09%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD274.67274.42-0.09%
New Gold Palladium ETFNGNPLD371.78359.43-3.32%
New Gold Platinum ETF NNGNPLT154.80148.93-3.79%
New Funds S&P NAM BondNFNAMA17.1217.04-0.47%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.07
EUR/NAD17.41
GBP/NAD19.11
EUR/GBP0.91
EUR/USD1.01
GBP/USD1.16
AUD/USD0.65
USD/JPY144.15
Commodities @ 08:00 
Gold1,672.95
Silver19.54
Platinum888.40
Palladium2,147.77
WTI82.20
Brent89.14

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)

Ghana’s central bank said on Thursday it has rescheduled its upcoming interest rate decision to Oct. 7 from Sept. 26, to coincide with the end of an IMF mission to the country. (CNBC Africa)

Nigeria's average fixed broadband internet speed is so slow the country ranked 151st amongst 182 countries in the latest Speedtest Global Index published by U.S.-based internet speed analysis firm Ookla. (All Africa News)

International News

Voting in referendums in Ukraine aimed at annexing territory to Russia enters a fourth day on Monday after the United States warned of "catastrophic consequences" if Moscow used nuclear weapons to protect any annexed regions. (Reuters)

Asian stocks finished mostly lower on Friday, tracking Wall Street's overnight losses amid fresh concerns over a hawkish interest rate decision by the Fed next week. (RTT News)

North Korea and China have resumed freight train services after a five-month suspension due to the pandemic, South Korean media has reported. (Aljazeera News)

NSX DAILY UPDATE (22 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,190,662.00 49,571,824.6591.24%
ETFs 17,303.00 4,759,520.648.76%
Total 1,207,965.00 54,331,345.29 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 49,571,824.65 worth of shares was traded on the NSX on Thursday with about N$ 4,185,843 worth of Anglo-American plc and N$     2,381,290 worth of Mobile Telecommunications Limited on the home front. ETFs worth N$4,759,520.64 were traded on Thursday

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 Mobile Telecommunications Limited were traded with no change in the share price at closing
  • New Gold Issuer Ltd NM ETF was sold off as market correction takes place post-Fed decisions
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.49-0.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP10.7011.305.61%
First Rand NamibiaFNB30.5230.520.00%
Standard Bank NamibiaSNO4.704.700.00%
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 CompanyMOC7.017.010.00%
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 plcANM566.26563.36-0.51%
B2Gold CorporationB2G57.0555.91-2.00%
Oceana Group LimitedOCG54.6955.882.18%
Mediclinic International PlcMEP99.0397.76-1.28%
TruworthsTRW53.7252.50-2.27%
Nedbank Group LimitedNBK210.04207.13-1.39%
Standard Bank GroupSNB146.27146.21-0.04%
Shoprite HoldingsSRH225.31222.16-1.40%
FirstRand LimitedFST63.5362.96-0.90%
Momentum Metropolitan HoldingsMMT17.6617.750.51%
Old Mutual LtdOMM10.4110.21-1.92%
Sanlam LimitedSLA54.4053.36-1.91%
Santam LimitedSNM243.06241.00-0.85%
Vukile Property Fund LimitedVKN13.0912.88-1.60%
Investec LimitedIVD80.1580.00-0.19%
PSG Konsult LimitedKFS10.7210.70-0.19%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD275.19274.67-0.19%
New Gold Palladium ETFNGNPLD368.27371.780.95%
New Gold Platinum ETF NNGNPLT156.24154.80-0.92%
New Funds S&P NAM BondNFNAMA17.2017.12-0.47%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.61
EUR/NAD17.33
GBP/NAD19.79
EUR/GBP0.87
EUR/USD1.01
GBP/USD1.16
AUD/USD0.66
USD/JPY142.13
Commodities @ 08:00 
Gold1,681.40
Silver19.72
Platinum899.70
Palladium2,159.27
WTI83.48
Brent90.48

Table 5: Exchange Rates and Commodities 


Local News

Former police chief Sebastian Ndeitunga has poured cold water over questions about his house in Nkurenkuru, which was constructed using the same bricks as the new police headquarters in the town. (Namibian Sun)

Auditor general Junias Kandjeke is fed-up with the general lack of accountability in the public sector, saying it is perplexing how those caught pants down go scot-free while laws are in place to reprimand them. (New Era Newspaper)

Namibia acknowledges that investment in ocean health, ocean wealth, and ocean equity is significantly low, although the country spent close to US$7.3 million on marine research during the 2019/20 financial year (The Namibian)

Sub-Sahara News

Interest rates are back at pre-pandemic levels after the SA Reserve Bank hiked rates by 75 basis points, for the second meeting in a row. (News24)

South Africa’s rand inched higher on Thursday ahead of a large rate hike expected from the country’s central bank while emerging market stocks hit near 28-month lows after an aggressive view for U.S. rates from the Federal Reserve. (CNBC Africa)

Cameroon's military says three members of its airborne battalion this week attacked civilians and killed two mothers in Nylbat, an English-speaking village in the Andeck district. (All Africa News)

International News

Iranian President Ebrahim Raisi said on Thursday that "acts of chaos" are not acceptable, in a warning to protesters who have taken to the streets across the country in fury over the death of a woman in the morality police's custody. (Reuters)

Asian stocks finished mostly lower on Friday, tracking Wall Street's overnight losses amid fresh concerns over a hawkish interest rate decision by the Fed next week. (RTT News)

The Biden administration has sanctioned Iran’s so-called “morality police” for alleged abuses and violence against Iranian women and protesters, as Iranians have taken to the streets over the recent death of a 22-year-old woman after her detention by the police force. (Aljazeera News)

NSX DAILY UPDATE (21 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,175,252.00 28,772,581.51100.00%
ETFs -   -  0.00%
Total 1,175,252.00 28,772,581.51 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 28,772,581.51 worth of shares was traded on the NSX on Wednesday with about N$ 886,862 worth of Anglo-American plc and N$     14,020 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were bought by market participants amid the fed's decisions.
  • Shares belonging to Mobile Telecommunications Limited were traded with no change in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.5012.500.00%
First Rand NamibiaFNB30.5230.520.00%
Standard Bank NamibiaSNO4.724.720.00%
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 CompanyMOC7.017.010.00%
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 plcANM560.77566.260.98%
B2Gold CorporationB2G59.8257.05-4.63%
Oceana Group LimitedOCG53.5954.692.05%
Mediclinic International PlcMEP99.8199.03-0.78%
TruworthsTRW55.1153.72-2.52%
Nedbank Group LimitedNBK208.93210.040.53%
Standard Bank GroupSNB146.32146.27-0.03%
Shoprite HoldingsSRH224.05225.310.56%
FirstRand LimitedFST63.0063.530.84%
Momentum Metropolitan HoldingsMMT17.6317.660.17%
Old Mutual LtdOMM10.4310.41-0.19%
Sanlam LimitedSLA54.4054.400.00%
Santam LimitedSNM250.17243.06-2.84%
Vukile Property Fund LimitedVKN13.4013.09-2.31%
Investec LimitedIVD78.5080.152.10%
PSG Konsult LimitedKFS10.7510.72-0.28%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD275.37275.19-0.07%
New Gold Palladium ETFNGNPLD364.89368.270.93%
New Gold Platinum ETF NNGNPLT158.75156.24-1.58%
New Funds S&P NAM BondNFNAMA17.4917.20-1.66%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.78
EUR/NAD17.45
GBP/NAD19.94
EUR/GBP0.87
EUR/USD1.01
GBP/USD1.16
AUD/USD0.67
USD/JPY145.75
Commodities @ 08:00 
Gold1,666.25
Silver19.35
Platinum896.35
Palladium2,116.77
WTI82.84
Brent89.75

Table 5: Exchange Rates and Commodities 


Local News

Unemployment in Namibia fuels poverty, which makes it impractical for low-income communities to pay off water debts. (Namibian Sun)

The multi-million-dollar state-of-the-art Namibia Financial Assistance Fund headquarter in Eros, an affluent Windhoek suburb has no owner. (New Era Newspaper)

Trevali Mining Corporation is selling its 90% shareholding in the Rosh Pinah Zinc mine (The Namibian)

Sub-Sahara News

Taking another jab at President Cyril Ramaphosa's administration, Thabo Mbeki said the country's current crop of leaders left much to be desired. (News24)

The Federal Reserve on Wednesday raised benchmark interest rates by other three-quarters of a percentage point and indicated it will keep hiking well above the current level. (CNBC Africa)

Rwanda has started administering the Covid-19 vaccine to children aged between five and 11 years and it is expected that over two million children will benefit from the drive countrywide (All Africa News)

International News

Ukraine demanded the United Nations punish Russia for its invasion and strip it of its security council veto as a showdown loomed on Thursday when the U.N. Security Council meets over atrocities committed in Ukraine. (Reuters)

Asian stocks turned in a mixed performance on Thursday, as investors assessed the impact of large interest rate hikes by the Federal Reserve on global growth. (RTT News)

North Korea says it has never supplied weapons to Russia and has no plans to do so, condemning US claims of arms transfers for the Ukraine war as an attempt at “tarnishing” the country’s image (Aljazeera News)

CPI Report: August 2022

Executive summary

  • The annual inflation rate increased to 7.3% for August 2022 from 3.4% recorded during the same period last year. See figure 1.
  • The annual inflation rate continues on an upward trend since May 2022 with the transport category being the main contributor. This emanated from high and volatile international crude oil prices
  • 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 clothing and footwear. See figure 2.
  • On a monthly basis, inflation increased by 0.3% an increase in the monthly inflation rate was mainly influenced by the price levels of public transportation services as a result of an increase in the bus fares from N$ 10 to N$ 13

Analysis

  • The annual inflation rate for the transport category increased to 23.2% from 6.2% recorded during the same period last year. This was mainly influenced by an increase in the prices of fuel (petrol and diesel), increasing by 64% and 68% respectively and high prices parking fees. With Namibia being a dependent economy, high prices for oil in the international market saw Namibia vulnerable to oil demand and supply shocks and this led to skyrocketing fuel prices between August 2021 and August 2022
  • An increase in the annual inflation rate for hotels, cafes, and restaurants from 2.9% to 9.3% was driven by an upturn in demand for accommodation services as the sector showed signs of recovery. This was augmented by a rebound in national occupancy rates from 20.1% to 61.2% for August 2022 as tourism normally peaks in the month of August (Hospitality Association of Namibia)
  • The annual inflation rate for furnishings household equipment and routine maintenance of the house increased to 8.6% from 2.6%. This was influenced by an increase in the price levels of goods and services for routine household maintenance
  • Clothing and footwear recorded an increase in the annual inflation rate of 1.1% from -2.7%. This came as a consequence of an increase in the price levels of dry-cleaning services and repair of footwear
  • The health category recorded deflation of -1.8% for August 2022 declining from 3.5% to 1.7%. This resulted from low demand for outpatient, medical, dental, and paramedical services

Figure 1: Annual Inflation rates in Namibia vs. South Africa

Source: NSA & HEI RESEARCH

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

Source: NSA & HEI RESEARCH

Figure 3: Sub-Categorical analysis Year on Year % change (August 2021- August 2022), South Africa

Source: STATS SA & HEI RESEARCH

Outlook

  • Energy prices and the rebalancing of demand back to pre-pandemic levels specifically in the tourism sector have driven up the annual inflation rate. The continuous increase in the inflation rate will compel central banks to continue tightening the monetary policy for price stability thereby suppressing spending patterns
  • Although the economy is on a recovery path there remains an upside inflationary outlook risk in the short to medium term. This is evidenced by the continuous rise in the annual inflation rate
  • We anticipate that the annual inflation rate for September will remain on an upward trajectory.

NSX DAILY UPDATE (19 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 2,975,118.00165,977,438.4496.98%
ETFs 19,320.00 5,177,075.003.02%
Total 2,994,438.00171,154,513.44 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 165,977,438.44 worth of shares was traded on the NSX on Monday with about N$ 82,304 worth of Anglo-American plc and N$    87,064 worth of Mobile Telecommunications Limited on the home front. ETFs worth N$ 5,177,075.00 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s shares were sold off amid bearish market performance on the overall index
  • Shares belonging to Mobile Telecommunications Limited were traded with no change in share price at closing
  • New Gold Platinum ETF N & New Gold Issuer Ltd NM continued to be allotted, indicating signs of a hedging instrument, given the current macroeconomic environment.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.5010.70-14.40%
First Rand NamibiaFNB30.5230.520.00%
Standard Bank NamibiaSNO4.724.720.00%
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 CompanyMOC7.017.010.00%
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 plcANM569.50562.94-1.15%
B2Gold CorporationB2G58.0758.681.05%
Oceana Group LimitedOCG53.4552.90-1.03%
Mediclinic International PlcMEP98.7098.00-0.71%
TruworthsTRW55.6255.50-0.22%
Nedbank Group LimitedNBK209.85206.36-1.66%
Standard Bank GroupSNB143.83144.510.47%
Shoprite HoldingsSRH219.26222.251.36%
FirstRand LimitedFST63.3262.94-0.60%
Momentum Metropolitan HoldingsMMT17.5017.43-0.40%
Old Mutual LtdOMM10.3410.592.42%
Sanlam LimitedSLA54.5954.21-0.70%
Santam LimitedSNM250.00244.07-2.37%
Vukile Property Fund LimitedVKN13.6213.620.00%
Investec LimitedIVD77.6777.52-0.19%
PSG Konsult LimitedKFS10.9110.76-1.37%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD275.48275.880.15%
New Gold Palladium ETFNGNPLD360.70366.981.74%
New Gold Platinum ETF NNGNPLT152.72157.212.94%
New Funds S&P NAM BondNFNAMA17.3217.480.92%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.69
EUR/NAD17.73
GBP/NAD20.23
EUR/GBP0.87
EUR/USD1.00
GBP/USD1.16
AUD/USD0.67
USD/JPY143.28
Commodities @ 08:00 
Gold1,6758.75
Silver19.44
Platinum919.55
Palladium2,184.77
WTI85.48
Brent92.27

Table 5: Exchange Rates and Commodities 


Local News

Despite the Supreme Court agreeing with a High Court ruling against a Communications Regulatory Authority of Namibia (CRAN) increase on telecommunications providers' gross income at the end of last year, an industry battle involving the authority is in court again (Namibian Sun)

The multi-million-dollar state-of-the-art Namibia Financial Assistance Fund headquarter in Eros, an affluent Windhoek suburb has no owner. (New Era Newspaper)

The Walvis Bay municipality has put individual land applications at Farm 37 on hold until further notice (The Namibian)

Sub-Sahara News

South Africa is teetering on the brink of its most severe power cuts yet, just two months after the government announced emergency measures to try to end intermittent outages, prompting President Cyril Ramaphosa to cut short an overseas trip to oversee the response to the crisis. (News24)

South African power utility Eskom implemented Stage 6 power cuts early on Sunday morning, its worst level touched for the second time this year although a “total blackout” was not imminent, its chief executive officer said. (CNBC Africa)

The former president of the Gabonese National Assembly, Guy Nzouba-Ndama, was arrested on Saturday, September 17, with suitcases, filled more than a billion CFA francs, according to the government daily L'Union. Nzouba-Ndama joined the opposition in 2016 after leaving the ruling party. (All Africa News)

International News

A magnitude 7.6 earthquake struck western Mexico on Monday on the anniversary of two devastating temblors, killing at least two people, damaging buildings, knocking out power, and sending residents of Mexico City scrambling outside for safety. (Reuters)

European stocks advanced on Tuesday, with underlying sentiment boosted by M&A talk and hopes for a softer U.S. inflation reading. (RTT News)

The call for action took place as world leaders arrived in New York City for the annual United Nations General Assembly (UNGA) meeting, and two weeks after the UN Human Rights Council found in a landmark report that China had potentially committed “crimes against humanity” in Xinjiang. (Aljazeera News)

NSX DAILY UPDATE (16 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,203,736.00 24,271,869.1493.83%
ETFs 10,500.00 1,596,054.606.17%
Total 1,214,236.00 25,867,923.74 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 24,271,869.14 worth of shares was traded on the NSX on Friday with about N$ 231,409 worth of Anglo-American plc and N$   33,572 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 1,596,054.60 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s stock market performance was bullish in spite of the stock market bearish market behavior  
  • Shares belonging to FirstRand Namibia Ltd were subscribed as investor’s confidence arise due to the earnings results last week
  • New Gold Platinum ETF N continues to be allotted, indicating signs of a hedging instrument, given the current macroeconomic environment.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.5012.500.00%
First Rand NamibiaFNB30.2130.521.03%
Standard Bank NamibiaSNO4.704.720.43%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.662.670.38%
Namibia Asset ManagementNAM0.680.67-1.47%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.007.010.14%
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 plcANM565.16569.500.77%
B2Gold CorporationB2G59.6258.07-2.60%
Oceana Group LimitedOCG52.0653.452.67%
Mediclinic International PlcMEP99.1098.70-0.40%
TruworthsTRW57.1755.62-2.71%
Nedbank Group LimitedNBK213.29209.85-1.61%
Standard Bank GroupSNB147.74143.83-2.65%
Shoprite HoldingsSRH224.38219.26-2.28%
FirstRand LimitedFST65.0263.32-2.61%
Momentum Metropolitan HoldingsMMT17.6517.50-0.85%
Old Mutual LtdOMM10.5010.34-1.52%
Sanlam LimitedSLA55.2654.59-1.21%
Santam LimitedSNM250.00250.000.00%
Vukile Property Fund LimitedVKN13.4713.621.11%
Investec LimitedIVD77.5177.670.21%
PSG Konsult LimitedKFS10.8810.910.28%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD273.66275.480.67%
New Gold Palladium ETFNGNPLD366.46360.70-1.57%
New Gold Platinum ETF NNGNPLT154.51152.72-1.16%
New Funds S&P NAM BondNFNAMA17.2917.320.17%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.68
EUR/NAD17.65
GBP/NAD20.15
EUR/GBP0.87
EUR/USD0.99
GBP/USD1.16
AUD/USD0.66
USD/JPY143.27
Commodities @ 08:00 
Gold1,675.60
Silver19.41
Platinum903.40
Palladium2,115.27
WTI84.89
Brent91.69

Table 5: Exchange Rates and Commodities 


Local News

For five days, volunteers firefighters alongside law enforcements officials tirelessly fought to get one of the country’s toughest blazes under control (Namibian Sun)

The Ministry of Agriculture, Water, and Land Reform recently procured drilling rigs in an effort to expedite water provision to rural communities  (New Era Newspaper)

NAMDIA and the Dubai-based company, Samir Gems, on Thursday evening unveiled the first diamond that will go to the market with an identity mark  (The Namibian)

Sub-Sahara News

South Africa is facing a risk of an unprecedented level of load shedding this week after units at two of its coal-fired power plants broke down. (News24)

The World Bank says it will fund the decommissioning of Eskom’s Komati power station with about $500 million as part of a package to help South Africa’s plans to wean off coal, move to clean energy, and address its current energy crises. (CNBC Africa)

The risk of nuclear war is at its highest in decades, and nuclear-armed states are confirming what African states have known for decades: that there is no rational explanation for the need for nuclear weapons, and these inhumane weapons of mass destruction are dangerous in the hands of any nation. (All Africa News)

International News

Britain, world leaders, and royalty from across the globe will on Monday bid a final farewell to Queen Elizabeth, the last towering figure of her era, at a state funeral of inimitable pageantry. (Reuters)

European stock markets are expected to open on a positive note on Monday amidst an improved risk-on sentiment globally. Markets are expected to price in the anticipated decline in consumer price inflation in the U.S. in August to 8.1 percent, from 8.5 percent in the month of July, rejuvenating hopes of a pause in aggressive central bank monetary policy action (RTT News)

Britain is preparing to bid a final farewell to Queen Elizabeth II in a grand state funeral, with dozens of world leaders and royalty from Europe to Lesotho and Japan to be among the 2,000 people attending the funeral at Westminster Abbey in central London. (Aljazeera News)

NSX DAILY UPDATE (15 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 5,852,409.00246,367,695.2198.41%
ETFs 26,100.00 3,988,228.771.59%
Total 5,878,509.00250,355,923.98 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 246,367,695.21 worth of shares was traded on the NSX on Thursday with about N$ 1,305,845 worth of Anglo-American plc and N$   6,371,652 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 3,988,228.77 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American plc decreased at closing as the local market closed in negative territory as markets are down for three days
  • Shares belonging to FirstRand Namibia Ltd were traded without a change in share price
  • New Gold Platinum ETF N was allotted by market participants resulting in the share price increasing at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0012.50-3.85%
First Rand NamibiaFNB30.2130.210.00%
Standard Bank NamibiaSNO4.704.700.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.662.660.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.007.000.00%
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 plcANM578.48565.16-2.30%
B2Gold CorporationB2G59.0459.620.98%
Oceana Group LimitedOCG53.0052.06-1.77%
Mediclinic International PlcMEP99.6599.10-0.55%
TruworthsTRW58.0657.17-1.53%
Nedbank Group LimitedNBK211.59213.290.80%
Standard Bank GroupSNB145.62147.741.46%
Shoprite HoldingsSRH226.69224.38-1.02%
FirstRand LimitedFST64.3965.020.98%
Momentum Metropolitan HoldingsMMT17.5017.650.86%
Old Mutual LtdOMM10.7410.50-2.23%
Sanlam LimitedSLA54.8655.260.73%
Santam LimitedSNM246.94250.001.24%
Vukile Property Fund LimitedVKN13.2713.471.51%
Investec LimitedIVD77.9577.51-0.56%
PSG Konsult LimitedKFS10.8310.880.46%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD277.43273.66-1.36%
New Gold Palladium ETFNGNPLD361.48366.461.38%
New Gold Platinum ETF NNGNPLT152.82154.511.11%
New Funds S&P NAM BondNFNAMA17.3317.29-0.23%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.59
EUR/NAD17.56
GBP/NAD20.12
EUR/GBP0.87
EUR/USD0.99
GBP/USD1.16
AUD/USD0.67
USD/JPY143.60
Commodities @ 08:00 
Gold1,672.00
Silver19.05
Platinum898.35
Palladium2,138.27
WTI85.53
Brent91.34

Table 5: Exchange Rates and Commodities 


Local News

Pupkewitz Nissan was recently announced as the top-selling Navara dealership out of 117 peers across SADC (Namibian Sun)

MTC yesterday unveiled MTC Credit Life, which is a new insurance product to provide credit life cover to MTC post-paid customers.  (New Era Newspaper)

The Namibian government, through its Land Acquisition and Development Fund, bought land worth over N$700 million.  (The Namibian)

Sub-Sahara News

FirstRand is slower to lend than others - it now expects 'risky' loans will bite competitors. (News24)

Zambia’s international bondholders have criticized the International Monetary Fund’s debt restructuring framework as “arbitrary” and for excluding the country’s domestic debt, sources involved in the process have told Reuters. (CNBC Africa)

According to a study by The Lancet, the global response to the Covid-19 epidemic has been nothing short of a massive failure. (All Africa News)

International News

China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but a deepening property slump weighed on the outlook. (Reuters)

European stocks were sharply higher on Friday, a day after the European Central Bank (ECB) raised interest rates by a record 75 basis points and signaled further hikes to tame runaway inflation. (RTT News)

Iranian President Ebrahim Raisi has said that US sanctions must be lifted to reach a nuclear agreement, and there must be guarantees established to ensure their “lasting removal”. (Aljazeera News)

NSX DAILY UPDATE (14 SEPTEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 3,506,180.00 94,826,752.28100.00%
ETFs -   -  0.00%
Total 3,506,180.00 94,826,752.28 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 94,826,752.28 worth of shares was traded on the NSX on Wednesday with about N$ 342,920 worth of Anglo-American plc and N$   39,000 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 plc decreased at closing as the local market closed in negative territory consecutively
  • Shares belonging to Capricorn Group were traded ending in an increase in share price at closing by 21.5%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.4942.500.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP10.7013.0021.50%
First Rand NamibiaFNB30.2130.210.00%
Standard Bank NamibiaSNO4.704.700.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.662.660.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.007.000.00%
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 plcANM583.60578.48-0.88%
B2Gold CorporationB2G60.8259.04-2.93%
Oceana Group LimitedOCG53.1553.00-0.28%
Mediclinic International PlcMEP99.0399.650.63%
TruworthsTRW57.6258.060.76%
Nedbank Group LimitedNBK211.00211.590.28%
Standard Bank GroupSNB153.65145.62-5.23%
Shoprite HoldingsSRH228.96226.69-0.99%
FirstRand LimitedFST64.5464.39-0.23%
Momentum Metropolitan HoldingsMMT16.9217.503.43%
Old Mutual LtdOMM10.6310.741.03%
Sanlam LimitedSLA55.1454.86-0.51%
Santam LimitedSNM247.00246.94-0.02%
Vukile Property Fund LimitedVKN13.1113.271.22%
Investec LimitedIVD78.2477.95-0.37%
PSG Konsult LimitedKFS10.9510.83-1.10%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD276.38277.430.38%
New Gold Palladium ETFNGNPLD363.41361.48-0.53%
New Gold Platinum ETF NNGNPLT150.84152.821.31%
New Funds S&P NAM BondNFNAMA17.3617.33-0.17%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.48
EUR/NAD17.42
GBP/NAD20.13
EUR/GBP0.86
EUR/USD0.99
GBP/USD1.16
AUD/USD0.67
USD/JPY143.57
Commodities @ 08:00 
Gold1,696.75
Silver19.39
Platinum897.60
Palladium2,112.77
WTI88.35
Brent93.83

Table 5: Exchange Rates and Commodities 


Local News

Ten government institutions returned N$400 million to the State purse between 2019 and 2021, money that could have been used to address serious national challenges such as housing, employment creation or even intensifying the anti-graft fight. (Namibian Sun)

The livestock industry is on high alert and taking all possible steps to prevent foot-and-mouth disease (FMD) from spreading from neighboring countries across Namibian borders.  (New Era Newspaper)

The Ministry of Health and Social Services yesterday revealed that 11,727 children and adolescents younger than 19 years old are receiving antiretroviral therapy (ART). (The Namibian)

Sub-Sahara News

Sasol could be rendered unviable by 2029 if the proposed carbon tax trajectory materializes, the chemicals company said.. (News24)

Global oil demand growth will rebound strongly next year as China eases COVID lockdowns, the International Energy Agency (IEA) said on Wednesday, adding that an economic slowdown will pause growth only briefly at the end of this year. (CNBC Africa)

A global report released today highlights massive global failures in the response to COVID-19. The report, which was convened by The Lancet journal and to which we contributed, highlights widespread global failures of prevention and basic public health. This resulted in an estimated 17.7 million excess deaths due to COVID-19 (including those not reported) to September 15. (All Africa News)

International News

A group of immigrants landed on the wealthy Massachusetts island of Martha's Vineyard on Wednesday, part of a campaign by Republican governors to shift the immigration burden to Democratic areas. (Reuters)

Asian stocks followed their U.S. peers higher on Thursday, although Chinese and Hong Kong stocks ended on a subdued note on news of extended lockdowns in the Chinese city of Chengdu. (RTT News)

A Senate committee in the United States has taken the first step towards legislation that would significantly enhance US military support for Taiwan, including potentially billions of dollars in additional security assistance, as the self-ruled island comes under increasing pressure from China. (Aljazeera News)


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