Author: hei




NSX DAILY UPDATE (17 JUNE 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall158,976 29,542,97899.79%
ETFs 228 62,6250.21%
Total 159,204 29,605,603 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 29,542,978 worth of shares was traded on the NSX on Friday, with about N$ 25,349,978  worth of Anglo- American, N$   1,572,446 worth of Oceana Group Limited, and N$  35,943 worth of Mobile Telecommunications Limited on the home front. ETFs worth N$ 62,625  were traded on Friday

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares prices were dumped causing a decrease of -6.9% at closing.
  • Shares in Oceana Group Limited were subscribed, however, there was no change in share price.
  • On the local NSX listing, shares belonging to the Mobile Telecommunications Limited were traded resulting in a slight increase in share price.
  • New Gold Issuer Ltd NM ETF exchanged hands but there was no change in share price.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.9941.000.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.7912.790.00%
First Rand NamibiaFNB30.5030.500.00%
Standard Bank NamibiaSNO4.514.25-5.76%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.982.980.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.1912.190.00%
Mobile Telecommunication CompanyMOC7.887.900.25%
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 plcANM694.87646.96-6.89%
B2Gold CorporationB2G60.0060.110.18%
Oceana Group LimitedOCG59.5959.590.00%
Mediclinic International PlcMEP85.8488.563.17%
TruworthsTRW52.9752.970.00%
Nedbank Group LimitedNBK217.40211.45-2.74%
Standard Bank GroupSNB162.17158.01-2.57%
Shoprite HoldingsSRH217.44211.19-2.87%
FirstRand LimitedFST66.5764.23-3.52%
Momentum Metropolitan HoldingsMMT14.9914.82-1.13%
Old Mutual LtdOMM11.6611.40-2.23%
Sanlam LimitedSLA56.1254.19-3.44%
Santam LimitedSNM272.50272.00-0.18%
Vukile Property Fund LimitedVKN13.9613.63-2.36%
Investec LimitedIVD91.0387.01-4.42%
PSG Konsult LimitedKFS11.5812.467.60%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD272.98272.96-0.01%
New Gold Palladium ETFNGNPLD288.63288.630.00%
New Gold Platinum ETF NNGNPLT144.91144.910.00%
New Funds S&P NAM BondNFNAMA16.8416.840.00%

Table 4: ETFs


Exchange Rates 
USD/ZAR15.96
EUR/ZAR16.81
GBP/ZAR19.54
EUR/GBP0.86
EUR/USD1.05
GBP/USD1.22
AUD/USD0.69
USD/JPY134.91
Commodities 
Gold1,846.40
Silver21.71
Platinum936.00
Palladium1,842.28
WTI108.89
Brent114.00

Table 5: Exchange Rates and Commodities 


Local News

Bank of Namibia governor Johaness !Gawaxab says the government should lease out its green scheme operations, adding that it is not deriving the necessary benefits from the current arrangements. (Namibian Sun)

Preliminary investigations by the Namibian Competition Commission (NaCC) have found that some local insurance companies have contravened the law by entering into exclusive agreements with various windscreen retailers.   (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

Companies are facing a different breed of consumers they didn't see coming a mere three years ago. Now, "humanising" their businesses will be a major factor in determining who will thrive and who might be forgotten in the next decade. (News24)

Emerging market stocks were set to end Friday with their biggest weekly declines in more than three months, while other assets posted sharp falls on mounting fears of a global recession as central banks aggressively tighten monetary policy. (CNBC Africa)

More than 200 civilians are reported killed in the war-torn West Wollega zone of Oromia regional state in what the Ethiopian Human Rights Commission (EHRC) said was related to clashes between government security forces and Oromo Liberation Army (OLA). (All Africa News)

International News

President Joe Biden's administration is reviewing the removal of some tariffs on China and a possible pause on the federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said on Sunday. (Reuters)

Asian stocks nosedived on Monday as hotter-than-expected U.S. inflation data coupled with news that China's capital Beijing is facing an "explosive" COVID-19 outbreak connected to bar-stoked concerns about global growth. (RTT News)

North Korea recorded 18,820 more cases of fever and no new deaths amid its first official COVID-19 outbreak, state media said on Monday, as authorities continue to insist infections in the impoverished country are being brought under control. (Aljazeera News)

NSX DAILY UPDATE (15 JUNE 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall152,961 12,216,154100.00%
ETFs -   -  0.00%
Total 152,961 12,216,154 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 12,216,154 worth of shares was traded on the NSX on Wednesday, with about N$ 367,072 worth of Anglo- American, N$  3,755,584  worth of Oceana Group Limited, and no trading occurred on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares price slightly increases closing at 4.1% .
  • Shares in Oceana Group Limited were subscribed resulting an increase of 3.6% at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.9940.990.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.7912.790.00%
First Rand NamibiaFNB30.5030.500.00%
Standard Bank NamibiaSNO4.514.510.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.982.980.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.1912.190.00%
Mobile Telecommunication CompanyMOC7.887.880.00%
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 plcANM667.66694.874.08%
B2Gold CorporationB2G61.5760.00-2.55%
Oceana Group LimitedOCG57.5059.593.63%
Mediclinic International PlcMEP85.7585.840.10%
TruworthsTRW51.8352.972.20%
Nedbank Group LimitedNBK213.22217.401.96%
Standard Bank GroupSNB159.29162.171.81%
Shoprite HoldingsSRH209.20217.443.94%
FirstRand LimitedFST64.8666.572.64%
Momentum Metropolitan HoldingsMMT15.0014.99-0.07%
Old Mutual LtdOMM11.4511.661.83%
Sanlam LimitedSLA54.5556.122.88%
Santam LimitedSNM270.70272.500.66%
Vukile Property Fund LimitedVKN13.9613.960.00%
Investec LimitedIVD90.3091.030.81%
PSG Konsult LimitedKFS11.1511.583.86%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD272.66272.980.12%
New Gold Palladium ETFNGNPLD282.52288.632.16%
New Gold Platinum ETF NNGNPLT144.32144.910.41%
New Funds S&P NAM BondNFNAMA16.7316.840.66%

Table 4: ETFs


Exchange Rates 
USD/ZAR15.88
EUR/ZAR16.58
GBP/ZAR19.27
EUR/GBP0.86
EUR/USD1.04
GBP/USD1.21
AUD/USD0.69
USD/JPY134.37
Commodities 
Gold1,833.70
Silver21.63
Platinum931.65
Palladium1,838.53
WTI116.30
Brent119.34

Table 5: Exchange Rates and Commodities 


Local News

State House has rejected suggestions of investigating whether President Hage Geingob abused his position by using Namibian state institutions in a private matter of the theft of N$65 million belonging to his South African counterpart Cyril Ramaphosa (Namibian Sun)

Medical professionals have questioned a decision by the Health Professionals Council of Namibia to exempt doctors who undergo a remedial programme as medical interns, from writing the council examination.   (New Era Newspaper)

Fourteen companies were competing with each other in the past months to supply the Central Procurement Board of Namibia (CPBN) with a microwave, brass padlocks, kitchen utensils, top freezer, and urn. (The Namibian)

Sub-Sahara News

US stocks extended their rally on Wednesday in volatile trade and Treasury yields rose after the Federal Reserve raised interest rates by three-fourths of a percentage point, the biggest increase since 1994, as it sought to tamper with surging inflation. (News24)

Britain pressed on with its strategy of deporting asylum seekers to Rwanda on Wednesday and is planning further flights despite a last-minute intervention by European judges that grounded the first plane minutes before it was due to depart. (CNBC Africa)

As of June 15, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,792,787 while 323,261,238 vaccinations have been administered across the continent. (All Africa News)

International News

Russia has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show. (Reuters)

Asian stocks fell on Thursday, U.S. bond yields edged up and the Japanese yen slid to fresh 20-year lows against the dollar as investors waited for cues from the European Central Bank (ECB) meeting later in the day and Friday's U.S. consumer inflation. (RTT News)

The US Federal Reserve raised its target interest rate by three-quarters of a percentage point in an effort to drive down a surge in inflation and projected a slowing economy and rising unemployment in the months to come. (Aljazeera News)

CPI Report: May 2022

Executive summary

  • The annual inflation rate increased to 5.4% from 3.8% recorded during the same period last year. See figure 1
  • The main drivers of an increase in the annual inflation rate were transport, hotels, cafes and restaurants, clothing and footwear and furnishings, household equipment, and routine maintenance of the house.
  • The main price hikes were recorded for the subcategories of package holidays, public transportation services, and accommodation services. See figure 2
  • On a monthly basis, inflation declined by 0.2%, this was mainly influenced by a decline in petrol and diesel prices between April and May 2022.

Analysis

  • The transport category recorded an increase in the annual inflation rate of 9.4%. This was mainly influenced by an increase in the prices of public transportation fares and fuel.
  • Hotels, cafes, and restaurants recorded an increase in the annual inflation rate of 8% . This was driven by a high demand for accommodation services
  • The annual inflation rate for clothing and footwear increased by 3.1% as a result of an increase in the price levels of dry cleaning, repair, and hire of clothing
  • Furnishings, household equipment, and routine maintenance of the house recorded an increase in the annual inflation rate of 3%  as a consequence of an increase in the price levels of goods and services for routine household maintenance

Figure 1: Annual Inflation rate

Source: NSA & HEI RESEARCH


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

Source: NSA & HEI RESEARCH


Outlook

  • We anticipate that the annual inflation rate will remain elevated in the short to medium term due to continuous external cost-push factors.

NSX DAILY UPDATE (14 JUNE 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall115,373 11,881,395100.00%
ETFs -   -  0.00%
Total 115,373 11,881,395 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 11,881,395 worth of shares was traded on the NSX on Tuesday, with about N$ 1,952,903 worth of Anglo- American, N$  324,411  worth of Shoprite Holdings, and N$  606,490 worth of Namibia Breweries 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 decreased at closing following a market meltdown on the JSE
  • Shares in Shoprite Holdings slightly decreased at closing
  • On the local NSX front, Namibia Breweries shares were traded in large volumes resulting in an increase in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0040.992.48%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.7912.790.00%
First Rand NamibiaFNB30.5030.500.00%
Standard Bank NamibiaSNO4.504.510.22%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.982.980.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.1912.190.00%
Mobile Telecommunication CompanyMOC7.997.88-1.38%
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 plcANM709.00687.11-3.09%
B2Gold CorporationB2G60.9166.469.11%
Oceana Group LimitedOCG56.2056.00-0.36%
Mediclinic International PlcMEP84.4985.481.17%
TruworthsTRW53.8051.59-4.11%
Nedbank Group LimitedNBK215.76213.00-1.28%
Standard Bank GroupSNB155.58155.52-0.04%
Shoprite HoldingsSRH209.28209.980.33%
FirstRand LimitedFST65.6365.20-0.66%
Momentum Metropolitan HoldingsMMT14.2814.491.47%
Old Mutual LtdOMM12.0111.70-2.58%
Sanlam LimitedSLA57.6855.23-4.25%
Santam LimitedSNM270.00265.37-1.71%
Vukile Property Fund LimitedVKN14.5514.23-2.20%
Investec LimitedIVD91.0090.32-0.75%
PSG Konsult LimitedKFS11.7011.35-2.99%

Table 3: Dual Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD274.24275.560.48%
New Gold Palladium ETFNGNPLD286.87283.51-1.17%
New Gold Platinum ETF NNGNPLT147.90147.55-0.24%
New Funds S&P NAM BondNFNAMA16.8616.66-1.19%

Table 4: ETFs


Exchange Rates 
USD/ZAR16.02
EUR/ZAR16.72
GBP/ZAR19.52
EUR/GBP0.85
EUR/USD1.04
GBP/USD1.25
AUD/USD0.69
USD/JPY134.61
Commodities 
Gold1,830.10
Silver21.26
Platinum937.35
Palladium1,802.53
WTI121.56
Brent123.03

Table 5: Exchange Rates and Commodities 


Local News

Two unions representing civil servants have until this Friday to determine their next step in a salary-increase battle they’ve been fighting since last year. (Namibian Sun)

The Kunene Regional Council has been thrown into panic mode following allegations of falsification of procurement documents and official signatures related to awarding of medical tenders in the region.  (New Era Newspaper)

The Anti-Corruption Commission (ACC) is investigating a Namibian company that allegedly faked a letter of award, using a Ministry of Health and Social Service letterhead and the signature of its executive director, Ben Nangombe. (The Namibian)

Sub-Sahara News

Despite another grim day on the markets, the JSE’s losses remain relatively contained compared to some of the other major markets. (News24)

Formula One boss Stefano Domenicali arrived in South Africa on Monday for talks that could see the country’s Kyalami circuit return to the Grand Prix calendar next year for the first time since 1993. (CNBC Africa)

Africa should be under no illusion about Vladimir Putin's invasion of Ukraine. It is the equivalent of France deciding it would like to have Algeria back or Portugal seeking to recover Mozambique and Angola or Britain aspiring to rule once more from the Cape to Cairo. (All Africa News)

International News

Britain published plans on Monday to override some post-Brexit trade rules for Northern Ireland by scrapping checks and challenging the role played by the European Union's court in a new clash with Brussels.. (Reuters)

Asian stocks ended mixed on Tuesday after a sell-off in the U.S. bond market overnight fueled anxiety about a possible economic slowdown. (RTT News)

At least 50 people have died in an attack by armed men on a village in northern Burkina Faso, a government spokesman said. (Aljazeera News)

MPC Outlook, June 2022

The Bank of Namibia Monetary Policy Committee (MPC) is set to make its third announcement for 2022 on the interest rate decision on Wednesday the 15th June 2022. The MPC increased the repo rate by 25 basis points from 4.0% to 4.25% in their last meeting. The MPC was of the view that the rate is appropriate to safeguard the one-to-one link between the Namibia Dollar and the South African Rand while meeting the country’s international financial obligations. The South Africa Reserve Bank increased its repo rate by 50 basis points in its last meeting held in May 2022 bringing the repo rate to 4.75%. The South Africa Reserve Bank increased its repo rate to safeguard its inflation targeting policy.

Namibia has been experiencing negative real interest rates since October 2021. This is due to the annual inflation rate outstripping the repo rate. Inflation has been hovering above 4% and reached 5.6% in April 2022 (See figure 1 below). Our outlook is that the MPC could follow the South African Reserve Bank's footsteps and increase the repo rate by 50 basis points to protect the currency peg. We are in an interest hike cycle in the short to medium term. This is augmented by high inflation rates that are expected to remain elevated as a result of the continuous external cost-push factors.

Figure 1: Repo Rates, Namibia vs. South Africa, and Namibia’s Inflation rate (January 2019- May 2022)

Source: BON, SA Reserve Bank, NSA & HEI RESEARCH


NSX DAILY UPDATE (13 JUNE 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall115,373 11,881,395100.00%
ETFs -   -  0.00%
Total 115,373 11,881,395 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 11,881,395 worth of shares was traded on the NSX on Monday, with about N$  1,952,903 worth of Anglo- American, N$  324,411  worth of Shoprite Holdings, and N$  606,490 worth of Namibia Breweries 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 decreased at closing following a market meltdown on the JSE
  • Shares in Shoprite Holdings slightly decreased at closing
  • On the local NSX front, Namibia Breweries shares were traded in large volumes resulting in an increase in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0040.992.48%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP12.7912.790.00%
First Rand NamibiaFNB30.5030.500.00%
Standard Bank NamibiaSNO4.504.510.22%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.982.980.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.1912.190.00%
Mobile Telecommunication CompanyMOC7.997.88-1.38%
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 plcANM709.00687.11-3.09%
B2Gold CorporationB2G60.9166.469.11%
Oceana Group LimitedOCG56.2056.00-0.36%
Mediclinic International PlcMEP84.4985.481.17%
TruworthsTRW53.8051.59-4.11%
Nedbank Group LimitedNBK215.76213.00-1.28%
Standard Bank GroupSNB155.58155.52-0.04%
Shoprite HoldingsSRH209.28209.980.33%
FirstRand LimitedFST65.6365.20-0.66%
Momentum Metropolitan HoldingsMMT14.2814.491.47%
Old Mutual LtdOMM12.0111.70-2.58%
Sanlam LimitedSLA57.6855.23-4.25%
Santam LimitedSNM270.00265.37-1.71%
Vukile Property Fund LimitedVKN14.5514.23-2.20%
Investec LimitedIVD91.0090.32-0.75%
PSG Konsult LimitedKFS11.7011.35-2.99%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD274.24275.560.48%
New Gold Palladium ETFNGNPLD286.87283.51-1.17%
New Gold Platinum ETF NNGNPLT147.90147.55-0.24%
New Funds S&P NAM BondNFNAMA16.8616.66-1.19%

Table 4: ETFs


Exchange Rates 
USD/ZAR16.02
EUR/ZAR16.72
GBP/ZAR19.52
EUR/GBP0.85
EUR/USD1.04
GBP/USD1.25
AUD/USD0.69
USD/JPY134.61
Commodities 
Gold1,830.10
Silver21.26
Platinum937.35
Palladium1,802.53
WTI121.56
Brent123.03

Table 5: Exchange Rates and Commodities 


Local News

Two unions representing civil servants have until this Friday to determine their next step in a salary-increase battle they’ve been fighting since last year. (Namibian Sun)

The Kunene Regional Council has been thrown into panic mode following allegations of falsification of procurement documents and official signatures related to awarding of medical tenders in the region.  (New Era Newspaper)

The Anti-Corruption Commission (ACC) is investigating a Namibian company that allegedly faked a letter of award, using a Ministry of Health and Social Service letterhead and the signature of its executive director, Ben Nangombe. (The Namibian)

Sub-Sahara News

Despite another grim day on the markets, the JSE’s losses remain relatively contained compared to some of the other major markets. (News24)

Formula One boss Stefano Domenicali arrived in South Africa on Monday for talks that could see the country’s Kyalami circuit return to the Grand Prix calendar next year for the first time since 1993. (CNBC Africa)

Africa should be under no illusion about Vladimir Putin's invasion of Ukraine. It is the equivalent of France deciding it would like to have Algeria back or Portugal seeking to recover Mozambique and Angola or Britain aspiring to rule once more from the Cape to Cairo. (All Africa News)

International News

Britain published plans on Monday to override some post-Brexit trade rules for Northern Ireland by scrapping checks and challenging the role played by the European Union's court in a new clash with Brussels.. (Reuters)

Asian stocks ended mixed on Tuesday after a sell-off in the U.S. bond market overnight fueled anxiety about a possible economic slowdown. (RTT News)

At least 50 people have died in an attack by armed men on a village in northern Burkina Faso, a government spokesman said. (Aljazeera News)

NSX DAILY UPDATE (10 JUNE 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 114,279  5,967,041 100.00%
ETFs  -    -   0.00%
Total  114,279  5,967,041  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 5,967,041 worth of shares was traded on the NSX on Friday, with about N$  42,593  worth of Anglo- American, N$  2,606,556 worth of Shoprite Holdings, and N$  1,861,283  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 shares price decreased at closing following a market meltdown on the JSE
  • Shares in Shoprite Holdings slightly reduced by 0.5% as bearish turbulent behavior calms
  • On the local NSX front, Namibia Breweries shares were traded in large volumes resulting  in a -4.8% decrease in the share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 42.00 40.00 -4.76%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.00 12.79 -1.62%
First Rand Namibia FNB 30.50 30.50 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.26 10.26 0.00%
Letshego LHN 3.00 2.98 -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 12.19 0.00%
Mobile Telecommunication Company MOC 8.00 7.99 -0.12%
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 749.39 709.00 -5.39%
B2Gold Corporation B2G 62.93 60.91 -3.21%
Oceana Group Limited OCG 57.37 56.20 -2.04%
Mediclinic International Plc MEP 83.51 84.49 1.17%
Truworths TRW 53.82 53.80 -0.04%
Nedbank Group Limited NBK 218.31 215.76 -1.17%
Standard Bank Group SNB 158.25 155.58 -1.69%
Shoprite Holdings SRH 210.34 209.28 -0.50%
FirstRand Limited FST 66.92 65.63 -1.93%
Momentum Metropolitan Holdings MMT 14.24 14.28 0.28%
Old Mutual Ltd OMM 12.39 12.01 -3.07%
Sanlam Limited SLA 59.11 57.68 -2.42%
Santam Limited SNM 270.33 270.00 -0.12%
Vukile Property Fund Limited VKN 14.27 14.55 1.96%
Investec Limited IVD 92.20 91.00 -1.30%
PSG Konsult Limited KFS 11.80 11.70 -0.85%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 264.37 274.24 3.73%
New Gold Palladium ETF NGNPLD 286.70 286.87 0.06%
New Gold Platinum ETF N NGNPLT 144.93 147.90 2.05%
New Funds S&P NAM Bond NFNAMA 16.95 16.86 -0.53%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.96
EUR/ZAR 16.74
GBP/ZAR 19.63
EUR/GBP 0.85
EUR/USD 1.04
GBP/USD 1.25
AUD/USD 0.70
USD/JPY 134.85
Commodities  
Gold 1 867.15
Silver 21.65
Platinum 957.65
Palladium 1,895.03
WTI 119.08
Brent 120.53

Table 5: Exchange Rates and Commodities 


Local News

Two presidents have for the past two weeks failed to come clean and explain their roles in the alleged cover-up in the theft of undisclosed American dollars, estimated to be US$4 million. (Namibian Sun)

MTC has pleaded with the government to lift a moratorium on the use of 5G technology, emphasizing that 5G is a prerequisite for the Fourth Industrial Revolution. (New Era Newspaper)

A SWAPO think tank report has recommended that the government should introduce a N$50 monthly levy for everyone who earns more than N$5,000 a month contribution towards the provision of national healthcare (The Namibian)

Sub-Sahara News

The SA National Road Agency (Sanral), which spent less than half of its government grant over the past two years, has put in place procurement processes that the industry says will cause further delays, increase costs, and raise the risk that its projects will go awry. (News24)

The PPP Forum in Congo, Brazzaville is the government's new approach to woo the private sector through partnerships that can foster development in the Central African Country. (CNBC Africa)

The widespread exploitation of men, women, and children at a refugee camp in Malawi has been uncovered by the United Nations Office of Drugs and Crime (UNODC) and the Malawian Police Service (All Africa News)

International News

Japan's top government spokesperson on Monday issued a fresh warning to markets that Tokyo was concerned about sharp yen falls and ready to "respond appropriately" if needed. (Reuters)

Asian stocks ended broadly higher on Monday, as investors reacted to reports of a possible U.S. tariff cut on China's goods, loosening of Covid-19 restrictions in Beijing, and improved Caixin Services PMI data for May from China. (RTT News)

Security concerns raised by Turkey in its opposition to Finland and Sweden joining NATO are legitimate, NATO Secretary-General Jens Stoltenberg said during a visit to Finland (Aljazeera News)

Vehicle Sales Report, Namibia: May 2022

Executive summary

  • New vehicle sales declined to 767 vehicles for May 2022 from 905 vehicles sold in April 2022. See figure 1.
  • A decline in new vehicle sales for May 2022 was mainly driven by low sales of light commercial vehicles, passenger vehicles, and medium commercial vehicle sales
  • New Light  commercial vehicle sales declined 21% when compared to April 2022
  • Passenger vehicle sales declined by 13% in relation to April 2022
  • Extra-heavy commercial vehicles increased by 70%   when compared to the previous month.
  • A total of 4314 vehicles were sold during the first 5 months of the year 2022.

Analysis

  • On an annual basis, new vehicle sales declined to 9.4% from 46.6% recorded in April 2021, (See figure 2). This is could be influenced by an increase in the cost of borrowing which resulted in low consumers’ confidence to purchase new vehicles.
  • Light commercial vehicle sales declined to 309 from 392 recorded in April 2022 due to subdued commercial activities
  • The number of new passenger vehicles sold for May 2022 declined to 402 from 466 vehicles sold in April 2022. This was due to low demand to take up loans to buy new vehicles
  • Extra-heavy vehicle sales increased to 34 from 20 vehicles sold in April 2022. This was influenced by the rising demand for heavy goods and transportation services. This reflects the continuous dependence of the Namibian economy on road freight.  

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

Source:Lightstone (Pty) Ltd & HEI RESEARCH

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

Source: Lightstone (Pty) Ltd & HEI RESEARCH

Outlook

We project that new vehicle sales for June 2022 will remain under pressure. This could be influenced by the foreseen increase in the interest rate in the next MPC meeting and result in low credit uptake to purchase new vehicles.

NSX DAILY UPDATE (10 JUNE 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 1,701,268  51,476,283 96.47%
ETFs  8,269  1,882,305 3.53%
Total  1,709,537  53,358,588  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 51,476,283 worth of shares was traded on the NSX on Thursday, with about N$ 606,593 worth of Anglo- American, N$ 206,063 worth of Shoprite Holdings, and N$ 41,197,615 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 1,882,305 were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares price decreased at closing following a market meltdown on the JSE
  • Shares in Shoprite Holdings slightly increased as it tries to bounce back from the bearish market condition
  • On the local NSX front, FirstRand Namibia Ltd shares were traded in large volumes, however, it did not change the share price at closing
  • Over the ETF markets, there was a minor sell-off trend emerging as some commodity prices fell in value.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 42.00 42.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.40 13.00 4.84%
First Rand Namibia FNB 30.50 30.50 0.00%
Standard Bank Namibia SNO 4.50 4.50 0.00%
Oryx Limited ORY 10.25 10.26 0.10%
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 12.19 12.19 0.00%
Mobile Telecommunication Company MOC 8.00 8.00 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 762.94 749.39 -1.78%
B2Gold Corporation B2G 63.18 62.93 -0.40%
Oceana Group Limited OCG 56.93 57.37 0.77%
Mediclinic International Plc MEP 79.78 83.51 4.68%
Truworths TRW 53.37 53.82 0.84%
Nedbank Group Limited NBK 220.00 218.31 -0.77%
Standard Bank Group SNB 161.24 158.25 -1.85%
Shoprite Holdings SRH 209.55 210.34 0.38%
FirstRand Limited FST 68.22 66.92 -1.91%
Momentum Metropolitan Holdings MMT 14.36 14.24 -0.84%
Old Mutual Ltd OMM 12.51 12.39 -0.96%
Sanlam Limited SLA 60.93 59.11 -2.99%
Santam Limited SNM 270.29 270.33 0.01%
Vukile Property Fund Limited VKN 13.63 14.27 4.70%
Investec Limited IVD 93.30 92.20 -1.18%
PSG Konsult Limited KFS 11.74 11.80 0.51%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 265.09 264.37 -0.27%
New Gold Palladium ETF NGNPLD 288.72 286.70 -0.70%
New Gold Platinum ETF N NGNPLT 148.98 144.93 -2.72%
New Funds S&P NAM Bond NFNAMA 16.89 16.95 0.36%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.44
EUR/ZAR 16.42
GBP/ZAR 19.32
EUR/GBP 0.85
EUR/USD 1.06
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 133.76
Commodities  
Gold 1 847.75
Silver 21.70
Platinum 971.55
Palladium 1,929.03
WTI 121.10
Brent 122.6

Table 5: Exchange Rates and Commodities 


Local News

A change in the way South Africa’s central bank implements monetary policy may lead to greater volatility in the rand. (Namibian Sun)

The Namibia Economic Freedom Fighters yesterday asked the ombudsman to launch an investigation into President Hage Geingob’s alleged role in the circumstance of theft of almost US$4 million from South African counterpart Cyril Ramaphosa’s farm. (New Era Newspaper)

President Hage Geingob has criticized the country’s education system’s capacity to produce employees for the labor market. (The Namibian)

Sub-Sahara News

Eskom said it will give the transmission unit that it’s transforming into a separate entity an R39.9 billion loan to make sure it can complete projects and be financially viable. (News24)

The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits. (CNBC Africa)

As of June 9, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,761,791 while 321,791,657 vaccinations have been administered across the continent. (All Africa News)

International News

China's commercial hub of Shanghai faces an unexpected round of mass COVID-19 testing for most residents this weekend - just 10 days after a city-wide lockdown was lifted - unsettling residents and raising concerns about the impact on business. (Reuters)

Germany's exports rebounded at a stronger than expected pace in April despite sanctions imposed on Russia dampening trade in Europe. (RTT News)

Thursday’s verdict by the supreme court of the self-proclaimed Donetsk People’s Republic (DPR), a region that is controlled by Russia-backed rebels and not internationally recognized as independent, marks the first conviction of foreign fighters since Russia invaded Ukraine on February 24. (Aljazeera News)

NSX DAILY UPDATE (08 JUNE 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 311,281  2,630,813 100.00%
ETFs  -    -   0.00%
Total  311,281  2,630,813  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 2,630,813 worth of shares was traded on the NSX on Wednesday, with about N$ 118,014 worth of Anglo- American, N$ 8,002  worth of Truworths, and N$  1,338,207 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares increased in price at closing following the buying back of its own shares from Goldman Sachs International.
  • Shares in Truworths increased in share price following readjustments of investor’s portfolios
  • On the local NSX front, SBN Holdings Ltd shares were traded, causing a soar in the share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 42.00 42.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.29 12.40 -6.70%
First Rand Namibia FNB 30.50 30.50 0.00%
Standard Bank Namibia SNO 4.00 4.50 12.50%
Oryx Limited ORY 10.25 10.25 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 12.19 12.19 0.00%
Mobile Telecommunication Company MOC 7.51 8.00 6.52%
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 774.20 762.94 -1.45%
B2Gold Corporation B2G 64.01 63.18 -1.30%
Oceana Group Limited OCG 57.55 56.93 -1.08%
Mediclinic International Plc MEP 78.42 79.78 1.73%
Truworths TRW 52.89 53.37 0.91%
Nedbank Group Limited NBK 221.00 220.00 -0.45%
Standard Bank Group SNB 162.45 161.24 -0.74%
Shoprite Holdings SRH 209.90 209.55 -0.17%
FirstRand Limited FST 69.27 68.22 -1.52%
Momentum Metropolitan Holdings MMT 14.50 14.36 -0.97%
Old Mutual Ltd OMM 12.59 12.51 -0.64%
Sanlam Limited SLA 62.07 60.93 -1.84%
Santam Limited SNM 274.08 270.29 -1.38%
Vukile Property Fund Limited VKN 13.59 13.63 0.29%
Investec Limited IVD 93.68 93.30 -0.41%
PSG Konsult Limited KFS 11.85 11.74 -0.93%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 265.41 265.09 -0.12%
New Gold Palladium ETF NGNPLD 295.24 288.72 -2.21%
New Gold Platinum ETF N NGNPLT 149.60 148.98 -0.41%
New Funds S&P NAM Bond NFNAMA 16.87 16.89 0.12%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.30
EUR/ZAR 16.40
GBP/ZAR 19.17
EUR/GBP 0.85
EUR/USD 1.07
GBP/USD 1.25
AUD/USD 0.71
USD/JPY 134.37
Commodities  
Gold 1 853.25
Silver 22.02
Platinum 1,004.30
Palladium 1,944.53
WTI 122.34
Brent 123.87

Table 5: Exchange Rates and Commodities 


Local News

A change in the way South Africa’s central bank implements monetary policy may lead to greater volatility in the rand. (Namibian Sun)

Namibia Dairies has confirmed the relocation of the production and packaging of its Nammilk Full Cream and Low-Fat Ultra-high temperature (UHT) milk ranges. (New Era Newspaper)

The Namibian government has been criticized for its lack of urgency to put in place cybercrime and data-protection laws. (The Namibian)

Sub-Sahara News

The credit rating agency Moody's has placed most of Transnet’s credit ratings on review for a downgrade. (News24)

The Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth this year but has downplayed the possibility of a prolonged period of so-called “stagflation.” (CNBC Africa)

As of June 8, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,757,022 while  301,428,973 vaccinations have been administered across the continent (All Africa News)

International News

The battle for the Ukrainian city of Sievierodonetsk is brutal and will determine the fate of the Donbas region, said the country's president, as Russian troops lay waste to the city in an assault aimed at controlling eastern Ukraine. (Reuters)

Asian stock markets are mostly lower on Thursday, following the negative cues overnight from the global markets, as traders are digesting comments from JPMorgan CEO Jamie Dimon, warning of an economic "hurricane" amid soaring inflation, and global slowdown, and the prospects of aggressive monetary tightening by global central banks. (RTT News)

Iran has turned off a number of cameras installed by the global nuclear watchdog after Western powers introduced a resolution to censure it. (Aljazeera News)


Copyright © HEI 2026
This is the right footer