Author: hei




NSX DAILY UPDATE (20 JULY 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall15,547,392 836,340,98899.99%
ETFs 393 107,0260.01%
Total 15,547,785 836,448,014100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 836,340,988 worth of shares was traded on the NSX on Wednesday with about N$  41,187,906 worth of Momentum Metropolitan Holdings and N$  149,354 worth of Capricorn Group Limited on the home front. ETFs worth N$ 107,026 were traded on Wednesday

HEI Equity Research Commentary

From the trading activity that took place:

  • Momentum Metropolitan’s share price declined as the market faced another aggressive bear condition
  • On the local NSX listing, shares belonging to Capricorn Group Limited were traded with no change in share price at closing
  • New Gold Issuer Ltd NM ETF was traded on the secondary bourse resulting in a sell-off in one transaction.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0040.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0111.010.00%
First Rand NamibiaFNB30.4830.47-0.03%
Standard Bank NamibiaSNO4.204.200.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.652.650.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9012.900.00%
Mobile Telecommunication CompanyMOC7.517.510.00%
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 plcANM544.57540.86-0.68%
B2Gold CorporationB2G54.8955.901.84%
Oceana Group LimitedOCG47.1548.663.20%
Mediclinic International PlcMEP96.3096.800.52%
TruworthsTRW49.1548.30-1.73%
Nedbank Group LimitedNBK209.73209.64-0.04%
Standard Bank GroupSNB154.70153.65-0.68%
Shoprite HoldingsSRH206.34203.87-1.20%
FirstRand LimitedFST63.8063.910.17%
Momentum Metropolitan HoldingsMMT14.7114.60-0.75%
Old Mutual LtdOMM11.5511.26-2.51%
Sanlam LimitedSLA54.6153.87-1.36%
Santam LimitedSNM240.69239.78-0.38%
Vukile Property Fund LimitedVKN13.5913.700.81%
Investec LimitedIVD88.4385.22-3.63%
PSG Konsult LimitedKFS11.2511.10-1.33%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD272.38272.820.16%
New Gold Palladium ETFNGNPLD306.15309.491.09%
New Gold Platinum ETF NNGNPLT144.80142.96-1.27%
New Funds S&P NAM BondNFNAMA16.5916.690.60%

Table 4: ETFs


Exchange Rates 
USD/NAD17.12
EUR/NAD17.43
GBP/NAD20.51
EUR/GBP0.84
EUR/USD1.01
GBP/USD1.19
AUD/USD0.68
USD/JPY138.23
Commodities 
Gold1,695.25
Silver18.59
Platinum841.80
Palladium1,861.50
WTI99.83
Brent106.73

Table 5: Exchange Rates and Commodities 


Local News

The real value of building plans approved declined by 7.8% and 9.1% year-on-year and quarter-on-quarter, respectively, to N$502.4 million. (Namibian Sun)

While vulnerabilities exist, the Ministry of Finance (MoF), Bank of Namibia(BoN) and a local independent analyst do not agree that Namibia is at risk of default. (New Era Newspaper)

The private sector cannot lead growth, nor create more jobs in Namibia because it is disadvantaged as it is competing with public sector enterprises that are constantly bailed out, inefficient, loss-making, and monopolistic. (The Namibian)

Sub-Sahara News

Annual consumer inflation spiked to 7.4% in June, from 6.5% in May, Stats SA reported on Wednesday. (News24)

President Joe Biden announced on Wednesday that the United States will bring together leaders from across the African continent for a major summit in December in Washington to discuss pressing challenges from food security to climate change. (CNBC Africa)

President Cyril Ramaphosa has welcomed European Union (EU) Council President, Charles Michel's pledge that commits the European Union to support Africa's efforts to achieve food security. (All Africa News)

International News

The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop. (Reuters)

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from global markets overnight, as hotter than expected US inflation data raised the prospect of more aggressive Federal Reserve tightening to rein in 41-year high inflation. (RTT News)

The European Union on Wednesday urged its 27 member states to reduce gas usage by 15 percent from August through March of next year, as concerns mount that Russia may cut off gas flow to the region. (Aljazeera News)

NSX DAILY UPDATE (19 JULY 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall6,251,807 274,516,292100.00%
ETFs -   -  0.00%
Total 6,251,807 274,516,292 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 274,516,292 worth of shares was traded on the NSX on Tuesday with about N$ 267,045 worth of Oceana Group Limited and N$ 2,556,998 worth of FirstRand Namibia Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Oceana Group Limited’s share price increased amid the market bouncing back
  • On the local NSX listing, shares belonging to FirstRand Namibia Ltd were traded with no change in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0040.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0111.010.00%
First Rand NamibiaFNB30.4830.480.00%
Standard Bank NamibiaSNO4.204.200.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.652.650.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9012.900.00%
Mobile Telecommunication CompanyMOC7.007.517.29%
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 plcANM544.57544.570.00%
B2Gold CorporationB2G54.3254.891.05%
Oceana Group LimitedOCG47.0847.150.15%
Mediclinic International PlcMEP96.2096.300.10%
TruworthsTRW48.4049.151.55%
Nedbank Group LimitedNBK206.70209.731.47%
Standard Bank GroupSNB152.60154.701.38%
Shoprite HoldingsSRH205.95206.340.19%
FirstRand LimitedFST63.4163.800.62%
Momentum Metropolitan HoldingsMMT14.7114.710.00%
Old Mutual LtdOMM11.5511.550.00%
Sanlam LimitedSLA54.1354.610.89%
Santam LimitedSNM237.10240.691.51%
Vukile Property Fund LimitedVKN13.6013.59-0.07%
Investec LimitedIVD88.0988.430.39%
PSG Konsult LimitedKFS11.2511.250.00%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD272.86272.38-0.18%
New Gold Palladium ETFNGNPLD306.22306.15-0.02%
New Gold Platinum ETF NNGNPLT142.98144.801.27%
New Funds S&P NAM BondNFNAMA16.5516.590.24%

Table 4: ETFs


Exchange Rates 
USD/NAD17.10
EUR/NAD17.52
GBP/NAD20.57
EUR/GBP0.85
EUR/USD1.02
GBP/USD1.20
AUD/USD0.69
USD/JPY138.06
Commodities 
Gold1,710.05
Silver18.73
Platinum869.00
Palladium1,891.00
WTI100.23
Brent106.99

Table 5: Exchange Rates and Commodities 


Local News

Australia Securities Exchange Listed Paladin Energy, the majority shareholder in Langer Heinrich uranium mine (LHM) in Erongo, on Tuesday announced its decision to return the mine that has been in a state of care maintenance since 2018, to production (Namibian Sun)

The embattled National Fishing Corporation is probing for a possible scam in which N$8 million was paid to people, whose names where allegedly illegally added to that of former Seaflower Pelagic Processing’s relief grant recipients (New Era Newspaper)

The Ministry of Industrialization and Trade and the Namibia Standards Institution (NSI) signed a memorandum of understanding on metrology services in Windhoek last Thursday. (The Namibian)

Sub-Sahara News

The announcement, in March this year, that South Africa had secured a gas deal from Mozambique went largely unnoticed. (New s24)

CMOC’s 603993.SS Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator. (CNBC Africa)

As of July 19, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,008,796 while 346,309,368 vaccinations have been administered across the continent. (All Africa News)

International News

Russian President Vladimir Putin had talks with Supreme Leader Ayatollah Ali Khamenei in Iran on Tuesday, the Kremlin leader's first trip outside the former Soviet Union since Moscow's Feb. 24 invasion of Ukraine. (Reuters)

European stocks may open slightly lower on Wednesday as COVID-19 concerns return to the fore. With the number of new cases rising by 30 percent globally in the last two weeks (RTT News)

Russian missiles have struck cities and villages in eastern and southern Ukraine, hitting homes, a school and a community centre as Russian President Vladimir Putin was in Iran to discuss a United Nations-backed proposal to unblock exports of Ukrainian grain (Aljazeera News)

NSX DAILY UPDATE (18 JULY 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall14,660,316 971,840,50799.99%
ETFs 523 143,7150.01%
Total 14,660,839 971,984,222 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 971,840,507 worth of shares was traded on the NSX on Monday with about N$ 90,499,988 worth of Sanlam Limited and N$ 68,489 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 143,715 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Sanlam Limited’s share price increased as investor’s hunger leads to massive subscription
  • On the local NSX listing, shares belonging to FirstRand Namibia Ltd were traded resulting in a minor decline in share price at closing
  • New Gold Issuer Ltd NM ETF was bought in from the public as potential yields are expected from those subscribed to it
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0040.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0111.010.00%
First Rand NamibiaFNB30.4930.48-0.03%
Standard Bank NamibiaSNO4.204.200.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.652.650.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9012.900.00%
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 plcANM517.66544.575.20%
B2Gold CorporationB2G55.1254.32-1.45%
Oceana Group LimitedOCG46.6447.080.94%
Mediclinic International PlcMEP95.5096.200.73%
TruworthsTRW47.0048.402.98%
Nedbank Group LimitedNBK204.50206.701.08%
Standard Bank GroupSNB149.96152.601.76%
Shoprite HoldingsSRH203.43205.951.24%
FirstRand LimitedFST62.4063.411.62%
Momentum Metropolitan HoldingsMMT14.5714.710.96%
Old Mutual LtdOMM11.4911.550.52%
Sanlam LimitedSLA53.5154.131.16%
Santam LimitedSNM235.93237.100.50%
Vukile Property Fund LimitedVKN13.5313.600.52%
Investec LimitedIVD86.3388.092.04%
PSG Konsult LimitedKFS11.2011.250.45%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD271.36272.860.55%
New Gold Palladium ETFNGNPLD303.30306.220.96%
New Gold Platinum ETF NNGNPLT140.03142.982.11%
New Funds S&P NAM BondNFNAMA16.5516.550.00%

Table 4: ETFs


Exchange Rates 
USD/NAD17.14
EUR/NAD17.36
GBP/NAD20.47
EUR/GBP0.84
EUR/USD0.98
GBP/USD1.19
AUD/USD0.68
USD/JPY138.17
Commodities 
Gold1,705.15
Silver18.55
Platinum844.25
Palladium1,871.78
WTI99.25
Brent106.16

Table 5: Exchange Rates and Commodities 


Local News

The Landless People’s Movement (LPM) is blaming City of Windhoek head of human resources George Mayumbelo for the fact that mayor Sade Gawanas, a deployee of the party, has allegedly received N$57,000 in transport allowance- despite using the municipality’s vehicles for private and official duties (Namibian Sun)

At least N$148 million paid by the Namibia Students Financial Assistance Fund to local universities could not be verified, as there is no credible documentary evidence to support the payments. (New Era Newspaper)

The minister of fisheries and marine resources, Derek Klazen is on a week-long visit to the Kavango East and Kavango West regions to familiarize himself with the state of inland fisheries and aquaculture development in the area (The Namibian)

Sub-Sahara News

The South African Revenue Service (SARS) said the ongoing strike at its operations has caused continued delays, forcing the tax body to close 40 branches throughout the country. (New s24)

CNBC Africa spoke to Sérgio Pimenta, IFC’s Vice President for Africa, about his trip to Zambia, where the International Finance Corporation aims to strengthen the nation's private sector. (CNBC Africa)

Ghana has announced its first outbreak of the Marburg virus disease.Marburg is a highly infectious viral hemorrhagic fever in the same family as the Ebola virus disease. The symptoms of Marburg include diarrhea, fever, nausea, and vomiting. (All Africa News)

International News

From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. (Reuters)

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from global markets overnight, as investors remained cautious amid persisting worries about inflation, slowing growth, and rising interest rates by major central banks pushing towards a potential recession (RTT News)

Malaysian authorities have seized a container of African elephant tusks, pangolin scales, and other wildlife skulls and bones estimated to be worth 80 million Malaysian ringgit ($18m) – their biggest seizure to date. (Aljazeera News)

NSX DAILY UPDATE (15 JULY 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall2,847,805 55,355,567100.00%
ETFs -   -  0.00%
Total 2,847,805 55,355,567 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 55,355,567 worth of shares was traded on the NSX on Friday, with about N$1,144,495 worth of Anglo-American plc and N$ 10,236,008 worth of Namibia Breweries on the home front. No ETFs were traded on Friday

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s share price slowing declined with no major effect on the share price.
  • On the local NSX listing, shares belonging to Namibia Breweries were traded resulting in no major change in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0140.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0111.010.00%
First Rand NamibiaFNB30.4930.490.00%
Standard Bank NamibiaSNO4.204.200.00%
Oryx LimitedORY10.2710.270.00%
LetshegoLHN2.352.6512.77%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9012.900.00%
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 plcANM518.87517.66-0.23%
B2Gold CorporationB2G56.5055.12-2.44%
Oceana Group LimitedOCG46.4946.640.32%
Mediclinic International PlcMEP95.4595.500.05%
TruworthsTRW46.1047.001.95%
Nedbank Group LimitedNBK201.80204.501.34%
Standard Bank GroupSNB147.23149.961.85%
Shoprite HoldingsSRH200.71203.431.36%
FirstRand LimitedFST61.0862.402.16%
Momentum Metropolitan HoldingsMMT14.3114.571.82%
Old Mutual LtdOMM11.2311.492.32%
Sanlam LimitedSLA51.1153.514.70%
Santam LimitedSNM237.44235.93-0.64%
Vukile Property Fund LimitedVKN13.1313.533.05%
Investec LimitedIVD83.5586.333.33%
PSG Konsult LimitedKFS11.6311.20-3.70%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD274.49271.36-1.14%
New Gold Palladium ETFNGNPLD317.33303.30-4.42%
New Gold Platinum ETF NNGNPLT139.42140.030.44%
New Funds S&P NAM BondNFNAMA16.5616.55-0.06%

Table 4: ETFs


Exchange Rates 
USD/NAD17.04
EUR/NAD17.22
GBP/NAD20.28
EUR/GBP0.84
EUR/USD0.98
GBP/USD1.19
AUD/USD0.68
USD/JPY138.33
Commodities 
Gold1,714.15
Silver18.78
Platinum842.85
Palladium1,874.50
WTI95.12
Brent101.95

Table 5: Exchange Rates and Commodities 


Local News

A pilot desalination plant was inaugurated at Bethanie on Friday to improve and treat poor-quality groundwater, which deteriorates due to climate change. (Namibian Sun)

Trustco and the Johannesburg Stock Exchange are still deadlocked in a difference of opinion on the interpretation and application of International Financial Reporting Standards. (New Era Newspaper)

Namibia has been ranked among the top 10 countries most likely to default on the debt obligations (The Namibian)

Sub-Sahara News

At this stage, petrol or diesel shortages are not expected at fuel stations, after South Africa has been left without a single operating oil refinery. (New s24)

The South African government will within days announce new ways to address the country’s worst power crisis yet, President Cyril Ramaphosa said on Friday. (CNBC Africa)

The Kenya National Civil Society Centre (KNCSC) has applauded the Supreme Court decision sustaining the impeachment of former Nairobi Governor Mike Sonko saying, in so doing, the apex court upheld the spirit of Chapter Six of the Constitution. (All Africa News)

International News

A gunman killed three people when he opened fire in the food court of a shopping mall outside Indianapolis on Sunday before a bystander fatally shot the assailant, Greenwood Police Chief Jim Ison said. (Reuters)

European stocks are seen opening lower on Monday, with tech stocks likely to suffer heavy losses as benchmark U.S. 10-year Treasury yields steadied near a one-week high. (RTT News)

Sri Lanka’s acting President Ranil Wickremesinghe has declared a state of emergency as his administration wrestles with an economic crisis and social unrest engulfing the island nation. (Aljazeera News)

Arrivals Report, June 2022

Analysis

  • International tourism continues to recover from the Covid-19 crisis at a robust pace from January-June 2022. This has resulted in Namibia recording a total of 114, 731 arrivals in the first six months compared to a total of  21, 779 recorded during the same period last year 
  • On a monthly basis, International arrivals showed an improvement of 2% for June 2022 in relation to May 2022
  • On annual basis, International arrivals increased significantly to 23338 compared to 3419 recorded during the same period last year. The significant improvement can be attributed to eased travel restrictions across the globe and a pent-up in travelers’ confidence.
  • The tourism recovery gains momentum as the Covid-19 cases continue on a downward trajectory for Namibia, hence an increase in demand as there is no longer fear from travelers

Figure 1: Monthly HKIA Arrivals (June 2017-June 2022)

Source: NAC, MoHSS &HEI RESEARCH

Outlook

We anticipate a gradual recovery in the number of arrivals and the entire tourism industry is expected to remain positive throughout 2022, due to the green shots to tourism growth.  However, a challenging economic environment coupled with the geopolitical uncertainty of the Russian Federation on Ukraine poses a downside risk to the ongoing recovery of the tourism industry.

NSX DAILY UPDATE (14 JULY 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall1,079,175 21,501,228100.00%
ETFs -   -  0.00%
Total 1,079,175 21,501,228 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 21,501,228 worth of shares was traded on the NSX on Thursday, with about N$  2,950,113 worth of Anglo-American plc and N$  299,604 worth of Capricorn Group Limited on the home front. No ETFs were traded on Thursday

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s share price slumped due to market conditions slumping globally
  • On the local NSX listing, shares belonging to Capricorn Group Limited were traded resulting in a decrease of 15.2% in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0140.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.9911.01-15.24%
First Rand NamibiaFNB30.4930.490.00%
Standard Bank NamibiaSNO5.004.20-16.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.352.350.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9012.900.00%
Mobile Telecommunication CompanyMOC8.007.00-12.50%
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 plcANM543.80518.87-4.58%
B2Gold CorporationB2G54.4856.503.71%
Oceana Group LimitedOCG46.9546.49-0.98%
Mediclinic International PlcMEP95.0095.450.47%
TruworthsTRW47.7046.10-3.35%
Nedbank Group LimitedNBK203.85201.80-1.01%
Standard Bank GroupSNB149.99147.23-1.84%
Shoprite HoldingsSRH205.94200.71-2.54%
FirstRand LimitedFST62.6361.08-2.47%
Momentum Metropolitan HoldingsMMT14.5714.31-1.78%
Old Mutual LtdOMM11.4811.23-2.18%
Sanlam LimitedSLA52.9551.11-3.47%
Santam LimitedSNM239.06237.44-0.68%
Vukile Property Fund LimitedVKN13.3013.13-1.28%
Investec LimitedIVD84.0883.55-0.63%
PSG Konsult LimitedKFS11.5011.631.13%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD274.67274.49-0.07%
New Gold Palladium ETFNGNPLD320.17317.33-0.89%
New Gold Platinum ETF NNGNPLT139.66139.42-0.17%
New Funds S&P NAM BondNFNAMA16.6916.56-0.78%

Table 4: ETFs


Exchange Rates 
USD/NAD17.18
EUR/NAD17.21
GBP/NAD20.31
EUR/GBP0.84
EUR/USD1.00
GBP/USD1.48
AUD/USD0.67
USD/JPY1378.94
Commodities 
Gold1,708.00
Silver18.34
Platinum823.80
Palladium1,901.28
WTI96.47
Brent99.74

Table 5: Exchange Rates and Commodities 


Local News

Bank BIC Namibia has confirmed that the perceived reputational risk of its main shareholder, Isabell Dos Santos, has contributed to the bank’s failure to increase its local ownership, more than six years after being instructed to do so by the Bank of Namibia (BoN) (Namibian Sun)

Andre Messika Diamond, a supplier of polished diamonds to the luxury jewellery market recently opened the very first parcel of Namibian rough diamonds purchased from Namib Desert Diamonds (New Era Newspaper)

AgriBank is rolling out a biomass value chain financing scheme, which was operationalized earlier this year, to meet the bank’s loan book diversification objective (The Namibian)

Sub-Sahara News

The Public Servants' Association (PSA) has declared a deadlock in the public service wage talks with the government, rejecting a 2% wage offer. (New s24)

Southern African countries agreed on Thursday to extend their troop deployment in Mozambique for another month to help it fight an Islamic State-linked insurgency. (CNBC Africa)

Oscar-winning actor Terrence Howard is in Uganda, where he announced the development of several scientific initiatives that also form part of plans to boost funding and tourism to the nation (All Africa News)

International News

Italy's president rejected the resignation of Prime Minister Mario Draghi on Thursday after a day of political drama that threatened to bring down a national unity government that has been in office less than 18 months. (Reuters)

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues overnight from global markets, boosted by materials and energy stocks amid rebounding commodity prices. (RTT News)

A man who was exonerated after spending decades in prison in the United States for the 1965 murder of Black civil rights advocate Malcolm X is suing New York City for its role in his wrongful conviction. (Aljazeera News)

NSX DAILY UPDATE (13 JULY 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall512,562 8,954,21598.34%
ETFs 711 150,8021.66%
Total 513,273 9,105,017 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 8,954,215 worth of shares was traded on the NSX on Wednesday, with about N$ 1,186,879 worth of Vukile Property Fund Limited and N$ 41,091 worth of Oryx Properties Limited on the home front. ETFs worth N$ 150,802 were traded on Wednesday

HEI Equity Research Commentary

From the trading activity that took place:

  • Vukile Property Fund’s share price slumped due to the market risk of REITs shifting marginally
  • On the local NSX listing, shares belonging to Oryx Properties Limited were traded with an increase in share price at closing.
  • New Gold Issuer Ltd NM and New Gold Platinum ETF N were traded resulting in a decline as market participants readjust their portfolios.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0140.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.9912.990.00%
First Rand NamibiaFNB30.4930.490.00%
Standard Bank NamibiaSNO5.005.000.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.352.350.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9012.900.00%
Mobile Telecommunication CompanyMOC8.008.000.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


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NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM544.34543.80-0.10%
B2Gold CorporationB2G56.2954.48-3.22%
Oceana Group LimitedOCG47.1546.95-0.42%
Mediclinic International PlcMEP95.3995.00-0.41%
TruworthsTRW49.0047.70-2.65%
Nedbank Group LimitedNBK208.29203.85-2.13%
Standard Bank GroupSNB153.95149.99-2.57%
Shoprite HoldingsSRH207.25205.94-0.63%
FirstRand LimitedFST63.2862.63-1.03%
Momentum Metropolitan HoldingsMMT14.7014.57-0.88%
Old Mutual LtdOMM11.6511.48-1.46%
Sanlam LimitedSLA53.7652.95-1.51%
Santam LimitedSNM248.00239.06-3.60%
Vukile Property Fund LimitedVKN13.5013.30-1.48%
Investec LimitedIVD84.1884.08-0.12%
PSG Konsult LimitedKFS11.3511.501.32%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD275.05274.67-0.14%
New Gold Palladium ETFNGNPLD347.99320.17-7.99%
New Gold Platinum ETF NNGNPLT139.78139.66-0.09%
New Funds S&P NAM BondNFNAMA16.6716.690.12%

Table 4: ETFs


Exchange Rates 
USD/NAD16.95
EUR/NAD17.01
GBP/NAD20.13
EUR/GBP0.84
EUR/USD1.00
GBP/USD1.18
AUD/USD0.67
USD/JPY137.97
Commodities 
Gold1,730.75
Silver19.12
Platinum835.10
Palladium1,972.25
WTI96.83
Brent100.22

Table 5: Exchange Rates and Commodities 


Local News

The Capricorn Group and its subsidiary companies aspire to be connectors of positive change by creating economic value in a responsible way that creates sustainable opportunities for advancing and improving the economic and social conditions in the communities where they operate. (Namibian Sun)

Alpha Namibia Industries Renewable Power Limited (ANIREP) and the International Financial Cooperation have entered into a collaboration agreement to determine the viability of developing a 10 to 20 MW independent solar power plant to pilot the new Modified Single Buyer Model in Namibia (New Era Newspaper)

The recently completed N$6.5 billion national oil-storage facility at Walvis Bay is currently operating only at 60% of its capacity and consumers are paying 60 cents a liter for fuel for this (The Namibian)

Sub-Sahara News

Old Mutual will appeal a ruling by the South Gauteng High Court in Johannesburg that it must pay more than R1.7 billion to a group of investors in Fidentia. (New s24)

The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. (CNBC Africa)

About 61,000 persons suspected to be members of Boko Haram and other criminal gangs are being held in Nigerian prisons in the North-eastern part of the country, an official has said. (All Africa News)

International News

Sri Lankans waited for the resignation of President Gotabaya Rajapaksa on Thursday, a day after he fled to the Maldives to escape a popular uprising against an economic crisis blamed on his government's mismanagement (Reuters)

European stocks are likely to open higher on Thursday after notes from the latest Federal Reserve meeting indicated that higher U.S. interest rates might be needed to get inflation back to the 2 percent target. (RTT News)

US President Joe Biden has landed in Tel Aviv in Israel on his first visit to the Middle East in his current role. (Aljazeera News)


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