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NSX DAILY UPDATE (27 JUNE 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	179,065	34,460,176	100.00%
ETFs	-	-	0.00%
Total	179,065	34,460,176	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 34,460,176 worth of shares was traded on the NSX on Monday with about N$ 1,763,119 worth of Shoprite Holdings, and N$ 15,700 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Monday

HEI Equity Research Commentary

From the trading activity that took place:

Shares in Shoprite Holdings were subscribed, resulting in an increase
On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded with a reduction in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.80	13.00	1.56%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.85	7.85	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	600.68	613.90	2.20%
B2Gold Corporation	B2G	55.67	57.11	2.59%
Oceana Group Limited	OCG	47.54	47.23	-0.65%
Mediclinic International Plc	MEP	88.02	89.73	1.94%
Truworths	TRW	55.44	54.81	-1.14%
Nedbank Group Limited	NBK	223.98	219.30	-2.09%
Standard Bank Group	SNB	165.11	163.11	-1.21%
Shoprite Holdings	SRH	212.46	212.22	-0.11%
FirstRand Limited	FST	68.83	67.21	-2.35%
Momentum Metropolitan Holdings	MMT	14.92	14.74	-1.21%
Old Mutual Ltd	OMM	11.62	11.58	-0.34%
Sanlam Limited	SLA	54.94	54.83	-0.20%
Santam Limited	SNM	265.16	265.19	0.01%
Vukile Property Fund Limited	VKN	13.94	13.70	-1.72%
Investec Limited	IVD	89.63	90.28	0.73%
PSG Konsult Limited	KFS	11.55	11.70	1.30%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.36	269.96	-1.60%
New Gold Palladium ETF	NGNPLD	289.73	294.40	1.61%
New Gold Platinum ETF N	NGNPLT	142.22	137.84	-3.08%
New Funds S&P NAM Bond	NFNAMA	17.01	16.86	-0.88%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.82
EUR/ZAR	16.73
GBP/ZAR	19.41
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.49
Commodities
Gold	1,826.95
Silver	21.18
Platinum	899.30
Palladium	1,877.28
WTI	110.72
Brent	112.19

Table 5: Exchange Rates and Commodities

Local News

Cabinet and line ministers have been accused of dragging their feet in the appointment of a board of directors for a number of owned enterprises, some of which have been operating without a board for months. (Namibian Sun)

There was drama at the Wanahenda police station following the arrest of Windhoek mayor Sade Gawanas after a confrontation between her and police officers on patrol broke out at Okahandja Park yesterday. (New Era Newspaper)

The electronic voting machines (EVMs) that were at the heart of opposition candidates challenging the outcome of the 2019 presidential elections will be gathering dust for at least another five years. (The Namibian)

Sub-Sahara News

The Special Investigating Unit (SIU) has obtained a preservation order to freeze an R27 million luxury property linked to the former chairperson of the National Lotteries Commission, Professor Alfred Nevhutanda. (News24)

Dutch technology investor Prosus NV PRX.AS, PRXJn.J on Monday announced it will gradually sell down its massive stake in Tencent 0700.HK, reversing a pledge to retain the holding for a couple of years and knocking shares in the Chinese tech giant. (CNBC Africa)

The African Union and the International Monetary Fund (IMF) convened a two-day meeting on good governance and corruption in Botswana to discuss how Africa can reap the benefits of good governance, improve growth opportunities, create jobs, reduce poverty and achieve the United Nations' Sustainable Development Goals (SDGs) (All Africa News)

International News

The Nasdaq Composite index fell by midday trading on Monday, dragged down by high-growth stocks as last week's rally on easing concerns over inflation lost steam while recovering oil prices boosted shares of energy firms. (Reuters)

Asian stock markets are trading mostly higher on Tuesday, following the positive cues from European markets overnight (RTT News)

Authorities in Afghanistan are struggling to reach a remote area hit by an earthquake that killed at least 1,000 people as poor communications and a lack of proper roads hampered their efforts, officials said.(Aljazeera News)

Posted on June 28, 2022
Equity Market Research

Arrivals Report: January 2022

Executive summary

Analysis

On an annual basis, international arrivals increased to 11888 for January 2022 from 3190 recorded for January 2021
The adoption of digital health solutions for safe travels, vaccine rollouts and the introduction of vaccine booster shoots has also led to improvements in the international arrivals
Total arrivals began to record a positive growth from the month of July 2021 upto January 2022, this is augmented by radical decline in the number of Covid-19 cases recorded per month, which boosted international travelers confidence. See figure 2 below.

Figure 1: Monthly HKIA Arrivals vs. Monthly Covid-19 cases, Namibia (March 2020-January 2022)

Figure 2: HKIA Arrivals Year on Year % growth rates, Namibia (March 2020-Jan 2022)

Outlook

A drastic decline in the number of Covid-19 cases for Namibia will give international travelers confidence to travel and this will lead to an increase in the number of arrivals in the short to medium term. The vaccine efficacy, effectiveness of the aggressive vaccine rollout and the booster shoots, remains key to reduce the number of Covid-19 infections and hence improve the outlook for travel retail and tourism for the Namibian economy.

Executive summary

International arrivals have been on a downward trajectory since the beginning of the Covid-19 pandemic. This has resulted in Namibia recording upto 378 international arrivals in April 2020, the lowest in history.
A decline in the number of arrivals between the start of the Covid-19 Pandemic until January 2022 was a result of the travel restrictions imposed to curb the spread of the Covid-19 virus.
Covid-19 cases reached its peak in June 2021 recording a total of 35659 cases, this has led to a drastic decline in the number of arrivals due to a low travelers confidence to travel to Namibia. See figure 1 below

Analysis

On an annual basis, international arrivals increased to 11888 for January 2022 from 3190 recorded for January 2021
The adoption of digital health solutions for safe travels, vaccine rollouts and the introduction of vaccine booster shoots has also led to improvements in the international arrivals
Total arrivals began to record a positive growth from the month of July 2021 upto January 2022, this is augmented by radical decline in the number of Covid-19 cases recorded per month, which boosted international travelers confidence. See figure 2 below.

Figure 1: Monthly HKIA Arrivals vs. Monthly Covid-19 cases, Namibia (March 2020-January 2022)

Figure 2: HKIA Arrivals Year on Year % growth rates, Namibia (March 2020-Jan 2022)

Outlook

A drastic decline in the number of Covid-19 cases for Namibia will give international travelers confidence to travel and this will lead to an increase in the number of arrivals in the short to medium term. The vaccine efficacy, effectiveness of the aggressive vaccine rollout and the booster shoots, remains key to reduce the number of Covid-19 infections and hence improve the outlook for travel retail and tourism for the Namibian economy.

Posted on June 27, 2022
Tourism
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NSX DAILY UPDATE (23 JUNE 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	70,064	4,622,958	100.00%
ETFs	-	-	0.00%
Total	70,064	4,622,958	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,622,958 worth of shares was traded on the NSX on Thursday with about N$ 1,763,119 worth of Shoprite Holdings, and N$ 15,700 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Thursday

HEI Equity Research Commentary

From the trading activity that took place:

Shares in Shoprite Holdings were subscribed, resulting in an increase
On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded with a reduction in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.80	12.80	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.90	7.85	-0.63%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	631.57	606.27	-4.01%
B2Gold Corporation	B2G	58.77	58.15	-1.05%
Oceana Group Limited	OCG	48.25	48.75	1.04%
Mediclinic International Plc	MEP	85.27	87.16	2.22%
Truworths	TRW	55.00	54.20	-1.45%
Nedbank Group Limited	NBK	222.21	220.98	-0.55%
Standard Bank Group	SNB	162.83	161.99	-0.52%
Shoprite Holdings	SRH	214.86	210.55	-2.01%
FirstRand Limited	FST	66.37	67.30	1.40%
Momentum Metropolitan Holdings	MMT	14.35	14.35	0.00%
Old Mutual Ltd	OMM	11.30	11.21	-0.80%
Sanlam Limited	SLA	53.93	53.68	-0.46%
Santam Limited	SNM	270.01	273.68	1.36%
Vukile Property Fund Limited	VKN	13.73	13.78	0.36%
Investec Limited	IVD	87.88	87.30	-0.66%
PSG Konsult Limited	KFS	11.18	11.18	0.00%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.83	274.36	0.56%
New Gold Palladium ETF	NGNPLD	286.70	289.73	1.06%
New Gold Platinum ETF N	NGNPLT	143.22	142.22	-0.70%
New Funds S&P NAM Bond	NFNAMA	16.91	17.01	0.59%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.91
EUR/ZAR	16.82
GBP/ZAR	19.51
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.47
Commodities
Gold	1,826.40
Silver	21.06
Platinum	914.00
Palladium	1,856.28
WTI	104.73
Brent	110.27

Table 5: Exchange Rates and Commodities

Local News

Swapo Think Tank chair Andrew Niikondo said shanty towns are here to stay for the foreseeable future, however, the government should find ways to change the face of shacks by setting up a trail project. (Namibian Sun)

Namibian Economic Freedom Fighter’s national coordinator Kalimbo Iipumbu yesterday said his party is pondering the next course of action when South African leader Cyril Ramaphosa touches down in Windhoek in the coming weeks (New Era Newspaper)

The government has hand-picked an entity to renovate vice president Nangolo Mbumba’s private farm tender which could cost taxpayers millions of dollars. (The Namibian)

Sub-Sahara News

South Africa's constrained power system could soon get an 1800 MW generation boost. Eskom on Thursday confirmed that it had selected 18 companies to lease land to for the development of renewable energy projects. (News24)

The World Health Organization will decide on Thursday whether to declare monkeypox a global health emergency, stirring criticism from leading African scientists who say it has been a crisis in their region for years. (CNBC Africa)

The African Union and the International Monetary Fund (IMF) convened a two-day meeting on good governance and corruption in Botswana to discuss how Africa can reap the benefits of good governance, improve growth opportunities, create jobs, reduce poverty and achieve the United Nations' Sustainable Development Goals (SDGs) (All Africa News)

International News

The U.S. Supreme Court on Thursday declared for the first time that the U.S. Constitution protects an individual's right to carry a handgun in public for self-defense, handing a landmark victory to gun rights advocates in a nation deeply divided over how to address firearms violence. (Reuters)

Ford Motor Co. (F) is recalling about 2.9 million vehicles to fix a defective part that may prevent the vehicle from shifting into the intended gear. (RTT News)

Authorities in Afghanistan are struggling to reach a remote area hit by an earthquake that killed at least 1,000 people as poor communications and a lack of proper roads hampered their efforts, officials said.(Aljazeera News)

Posted on June 24, 2022
Equity Market Research

NSX DAILY UPDATE (22 JUNE 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	206,607	12,652,966	100.00%
ETFs	-	-	0.00%
Total	206,607	12,652,966	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12,652,966 worth of shares was traded on the NSX on Wednesday with about N$ 395,447 worth of Shoprite Holdings, and N$ 1,287,080 worth of Namibia Breweries on the home front. No ETFs were traded on Wednesday

HEI Equity Research Commentary

From the trading activity that took place:

Shares in Shoprite Holdings were subscribed, resulting in a decrease in share price
On the local NSX listing, shares belonging to Namibia Breweries were traded with no change in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.80	12.80	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.90	7.90	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	656.49	631.57	-3.80%
B2Gold Corporation	B2G	57.79	58.77	1.70%
Oceana Group Limited	OCG	52.14	48.25	-7.46%
Mediclinic International Plc	MEP	84.05	85.27	1.45%
Truworths	TRW	54.82	55.00	0.33%
Nedbank Group Limited	NBK	224.54	222.21	-1.04%
Standard Bank Group	SNB	163.35	162.83	-0.32%
Shoprite Holdings	SRH	218.63	214.86	-1.72%
FirstRand Limited	FST	66.54	66.37	-0.26%
Momentum Metropolitan Holdings	MMT	14.71	14.35	-2.45%
Old Mutual Ltd	OMM	11.44	11.30	-1.22%
Sanlam Limited	SLA	54.59	53.93	-1.21%
Santam Limited	SNM	267.17	270.01	1.06%
Vukile Property Fund Limited	VKN	13.72	13.73	0.07%
Investec Limited	IVD	87.06	87.88	0.94%
PSG Konsult Limited	KFS	11.50	11.18	-2.78%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.22	272.83	0.22%
New Gold Palladium ETF	NGNPLD	291.01	286.70	-1.48%
New Gold Platinum ETF N	NGNPLT	145.91	143.22	-1.84%
New Funds S&P NAM Bond	NFNAMA	16.87	16.91	0.24%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.91
EUR/ZAR	16.82
GBP/ZAR	19.51
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.47
Commodities
Gold	1,835.40
Silver	21.43
Platinum	928.90
Palladium	1,866.50
WTI	105.08
Brent	109.79

Table 5: Exchange Rates and Commodities

Local News

The country’s agriculture parastatal, which currently finds itself in a vegetative state, has allegedly paid board members close to N$ 250,000 in retainer fees- despite having nothing to show for it since their appointment in April 2021 (Namibian Sun)

A local pharmaceutical company yesterday lodged an urgent application in the Windhoek High Court where it is challenging certain conditions in a lucrative tender to supply medicine to the government (New Era Newspaper)

The government plans to make getting a divorce cheaper and easier with its new proposed divorce law. (The Namibian)

Sub-Sahara News

The Passenger Rail Agency of South Africa (Prasa) told Parliament that it would need around R7.5 billion over five years as it works to refurbish up to 400 passenger rail coaches around the country and get them back in fully functional condition. (News24)

World Bank has approved a $2.3 billion program for Eastern and Southern African countries to help them tackle food insecurity, the bank said in a statement. (CNBC Africa)

The regional workshop of the expert committee on the harmonization of regulatory and supervisory frameworks of banking and microfinance institutions in ECOWAS Member States in preparation for the launch of the ECO (new ECOWAS currency) is underway in Banjul (All Africa News)

International News

The death toll from an earthquake in Afghanistan on Wednesday hit 1,000, disaster management officials said, with more than 600 injured, and the toll is expected to grow as information trickles in from remote mountain villages. (Reuters)

Ford Motor Co. (F) is recalling about 2.9 million vehicles to fix a defective part that may prevent the vehicle from shifting into the intended gear. (RTT News)

A suburb in the US city of Minneapolis, Minnesota has agreed to pay $3.2m to the family of Daunte Wright, a Black man who was fatally shot by a police officer who said she confused her gun for her taser. (Aljazeera News)

Posted on June 23, 2022
Equity Market Research

Building Plans Approved Report, Windhoek: May 2022

Executive summary

The City of Windhoek approved a total of 153 building plans in May 2022
Out of 153 building plans approved, a total number of 45 buildings were completed during the month under review
Total buildings completed were driven by houses and additions
The number of building plans approved and buildings completed declined by 18% and 47% respectively. See Figure 1
During the month under review, the City of Windhoek approved a total of 114 addition plans, 30 house plans, 5 wall plans, and 2 commercial plans
Additions plans were the main drivers of the building plans approved for May 2022
Total building plans approved were valued at N$ 118,285,226 and total buildings completed were valued at N$ 56,231,060 for May 2022

Analysis

On an annual basis, the number of building plans approved for Windhoek declined to 2.2% from 33.77% recorded during the same period last year. (See figure 2).
The decline in the number of building plans approved and completed in May 2022 by the City of Windhoek could be ascribed to high building operational costs
The City of Windhoek indicated that the highest number of building plans approved for May 2022, was from Windhoek suburb, with a total of 30 plans (22 addition plans, 5 house plans, 1 pool plan, and 2 commercial plans), valued at N$ 25,370,000
Klein Windhoek had the second-highest number of building plans approved with a total of 18 plans (1 pool plan), valued at N$ 8,950,000 for the month under review

Figure1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek

Figure 2: Building Plans Approved Annual Growth Rates, Windhoek

Outlook

We project the construction sector to remain subdued for June 2022 owing to an increase in building operational expenses resulting from high energy prices due to global economic challenges.

Posted on June 22, 2022
Construction

NSX DAILY UPDATE (21 JUNE 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	473,209	10,354,712	100.00%
ETFs	-	-	0.00%
Total	473,209	10,354,712	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 10,354,712 worth of shares was traded on the NSX on Tuesday with about N$ 239,017 worth of Shoprite Holdings, and N$ 2,225,337 worth of Paratus Namibia Holdings Ltd on the home front. No ETFs were traded on Tuesday

HEI Equity Research Commentary

From the trading activity that took place:

Shares in Shoprite Holdings were subscribed, resulting in a decrease in share price
On the local NSX listing, shares belonging to Paratus Namibia Holdings Ltd were traded resulting in a slight increase in the share price of 5% at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.80	12.80	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.98	3.00	0.67%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.80	5.00%
Mobile Telecommunication Company	MOC	7.90	7.90	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	657.96	656.49	-0.22%
B2Gold Corporation	B2G	58.70	57.79	-1.55%
Oceana Group Limited	OCG	56.00	52.14	-6.89%
Mediclinic International Plc	MEP	85.36	84.05	-1.53%
Truworths	TRW	53.88	54.82	1.74%
Nedbank Group Limited	NBK	218.56	224.54	2.74%
Standard Bank Group	SNB	162.87	163.35	0.29%
Shoprite Holdings	SRH	220.56	218.63	-0.88%
FirstRand Limited	FST	66.41	66.54	0.20%
Momentum Metropolitan Holdings	MMT	14.52	14.71	1.31%
Old Mutual Ltd	OMM	11.36	11.44	0.70%
Sanlam Limited	SLA	54.95	54.59	-0.66%
Santam Limited	SNM	269.46	267.17	-0.85%
Vukile Property Fund Limited	VKN	13.59	13.72	0.96%
Investec Limited	IVD	89.10	87.06	-2.29%
PSG Konsult Limited	KFS	12.18	11.50	-5.58%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.33	272.22	-1.13%
New Gold Palladium ETF	NGNPLD	287.37	291.01	1.27%
New Gold Platinum ETF N	NGNPLT	145.24	145.91	0.46%
New Funds S&P NAM Bond	NFNAMA	16.82	16.87	0.30%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.98
EUR/ZAR	16.76
GBP/ZAR	19.54
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	136.27
Commodities
Gold	1,826.40
Silver	21.32
Platinum	931.85
Palladium	1,848.34
WTI	105.41
Brent	110.74

Table 5: Exchange Rates and Commodities

Local News

The ministry of justice says it is confident it will secure the extradition of runaway lawyer Maren de Klerk to allow him to be charged in the same vein as his Fishrot co-accused (Namibian Sun)

A UK-headquartered company, currently contracted to provide ground handling services at the Hosea Kutako International Airport, has refused to hand over the reins to a joint venture between Paragon Investment Holdings and Ethiopia Airlines. (New Era Newspaper)

The Prosecutor General of Namibia has accused three Namibians of defrauding a British company of N$7 million by illegally selling diamonds without relevant documents. (The Namibian)

Sub-Sahara News

The Just Energy Transition Partnership (JetP) – which pledged $8.5 billion (around R136 billion) towards SA's transition to a lower-carbon economy last November at the COP26 global summit – released its six-month report on Tuesday, outlining steps so far taken to assist SA to reach its ambitious mitigation goals (News24)

Ukraine’s President Volodymyr Zelenskiy said on Monday that Africa was a “hostage” in the war with Russia, which had contributed to rising food prices on the continent. (CNBC Africa)

A shocking new UN report released on Tuesday indicates that the number of crisis-impacted school-aged children requiring educational support has grown from an estimated 75 million in 2016, to 222 million today. (All Africa News)

International News

Ukrainian and Russian forces were entrenched in eastern Ukrainian battlegrounds on Wednesday, a day of commemoration in both countries to mark the anniversary of Hitler's invasion of the Soviet Union in 1941. (Reuters)

Asian stocks ended Wednesday's session on a mixed note as investors awaited the Federal Reserve's interest rate decision later in the day for clues on how aggressive the U.S. central bank intends to be in the coming months (RTT News)

North Korean leader Kim Jong Un has opened a meeting of senior military officials to discuss national defense policies and a continuing arms buildup following a series of ballistic missile tests this year that have stirred tensions with Washington and Seoul. (Aljazeera News)

Posted on June 22, 2022
Equity Market Research

NSX DAILY UPDATE (20 JUNE 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	920,668	28,001,289	100.00%
ETFs	-	-	0.00%
Total	920,668	28,001,289	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 28,001,289 worth of shares was traded on the NSX on Monday with about N$ 5,208,792 worth of Anglo- American, N$ 1, 1,937 worth of Shoprite Holdings, and N$ 8,769,106 worth of Capricorn Group Limited on the home front. No ETFs were traded on Monday

HEI Equity Research Commentary

From the trading activity that took place:

Anglo-American shares price were dumped causing an increase in share price at closing
Shares in Shoprite Holdings were subscribed, resulting in a decrease in share price
On the local NSX listing, shares belonging to the Capricorn Group Limited were traded resulting in a slight increase in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	41.00	40.00	-2.44%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.79	12.80	0.08%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.98	2.98	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.19	0.00%
Mobile Telecommunication Company	MOC	7.90	7.90	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	646.96	657.96	1.70%
B2Gold Corporation	B2G	60.11	58.70	-2.35%
Oceana Group Limited	OCG	59.59	56.00	-6.02%
Mediclinic International Plc	MEP	88.56	85.36	-3.61%
Truworths	TRW	52.97	53.88	1.72%
Nedbank Group Limited	NBK	211.45	218.56	3.36%
Standard Bank Group	SNB	158.01	162.87	3.08%
Shoprite Holdings	SRH	211.19	220.56	4.44%
FirstRand Limited	FST	64.23	66.41	3.39%
Momentum Metropolitan Holdings	MMT	14.82	14.52	-2.02%
Old Mutual Ltd	OMM	11.40	11.36	-0.35%
Sanlam Limited	SLA	54.19	54.95	1.40%
Santam Limited	SNM	272.00	269.46	-0.93%
Vukile Property Fund Limited	VKN	13.63	13.59	-0.29%
Investec Limited	IVD	87.01	89.10	2.40%
PSG Konsult Limited	KFS	12.46	12.18	-2.25%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.96	275.33	0.87%
New Gold Palladium ETF	NGNPLD	288.63	287.37	-0.44%
New Gold Platinum ETF N	NGNPLT	144.91	145.24	0.23%
New Funds S&P NAM Bond	NFNAMA	16.84	16.82	-0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.05
EUR/ZAR	16.88
GBP/ZAR	19.67
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.10
Commodities
Gold	1,836.40
Silver	21.52
Platinum	932.85
Palladium	1,850.03
WTI	109.72
Brent	114.84

Table 5: Exchange Rates and Commodities

Local News

Environment and tourism minister Pohamba Shifeta has confirmed suspicions that some of the ministry’s rangers are part of syndicates causing poaching havoc in the Etosha National Park. (Namibian Sun)

Swapo vice president Netumbo Nandi-Ndaitwah says the long-held dream by Founding President Sam Nujoma to pump water thousands of kilometers from the Congo River in the Democratic Republic of Congo to Namibia should be revived to ensure water security. (New Era Newspaper)

The Ministry of Agriculture, Water and Land Reform’s promotion of a draft bill that would allow foreigners to lease communal land for 99 years has drawn backlash from political players, analysts, and traditional leaders. (The Namibian)

Sub-Sahara News

A new $300 million (~R4.8 billion) fund has been established to help accelerate the adoption of renewable energy in Africa. (News24)

Omnia delivers strong earnings growth amid global supply chain disruptions. (CNBC Africa)

As of June 20, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,819,858 while 314,903,272 vaccinations have been administered across the continent. (All Africa News)

International News

Former Tesla Inc (TSLA.O) employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notice of the job cuts. (Reuters)

Markets remain subdued as anxiety over persisting inflation dampened market sentiment ahead of the monetary policy reviews by the Federal Reserve on Wednesday and the Bank of England on Thursday. (RTT News)

Dmitry Muratov, the Russian editor-in-chief of the independent newspaper Novaya Gazeta, has auctioned off his Nobel Peace Prize medal for a record $103.5m to help Ukrainian children displaced by the war. (Aljazeera News)

Posted on June 21, 2022
Equity Market Research

Author: hei