Equity Market Research – Page 39

NSX DAILY UPDATES (07 JULY 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	173,566.00	3,826,890.41	100.00%
ETFs	-	-	0.00%
Total	173,566.00	3,826,890.41	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,826,890.41worth of shares was traded on the NSX on Friday with about N$ 129,379 worth of shares belonging to Truworths and N$ 4,947 worth of shares belonging to Letshego Holdings Ltd on the domestic market. Additionally, No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

Share belonging to Truworths was subscribed by market participants, resulting in an increase of 2.1% in the company's stock value at closing
Letshego Holdings’ shares were traded by market participants with no change in share price at closing.

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.80	36.80	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.65	14.65	0.00%
First Rand Namibia	FNB	50.40	50.40	0.00%
Standard Bank Namibia	SNO	6.50	6.50	0.00%
Oryx Limited	ORY	11.00	11.00	0.00%
Letshego	LHN	3.85	3.85	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	522.00	534.50	2.39%
B2Gold Corporation	B2G	66.32	65.79	-0.80%
Oceana Group Limited	OCG	71.26	71.17	-0.13%
Truworths	TRW	55.73	56.89	2.08%
Nedbank Group Limited	NBK	221.78	224.23	1.10%
Standard Bank Group	SNB	175.93	178.00	1.18%
Shoprite Holdings	SRH	221.11	219.99	-0.51%
Firstrand Limited	FST	67.77	68.32	0.81%
Momentum Metropolitan Holdings	MMT	17.76	18.11	1.97%
Old Mutual Ltd	OMM	11.95	12.06	0.92%
Sanlam Limited	SLA	59.12	59.86	1.25%
Santam Limited	SNM	287.99	288.11	0.04%
Vukile Property Fund Limited	VKN	12.10	12.17	0.58%
Investec Limited	IVD	103.38	105.58	2.13%
PSG Konsult Limited	KFS	13.41	13.51	0.75%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	338.68	342.00	0.98%
New Gold Palladium ETF	NGNPLD	226.96	230.43	1.53%
New Gold Platinum ETF N	NGNPLT	164.98	167.86	1.75%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.02	19.15	0.68%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.86
EUR/NAD	20.68
GBP/NAD	24.20
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.28
AUD/USD	0.66
USD/JPY	142.57
Commodities @ 07:00
Gold	1,929.70
Silver	23.25
Platinum	917.80
Palladium	1,240.53
WTI	73.61
Brent	78.27

Table 5: Exchange Rates and Commodities

Local News

The Namibian Police will kick off a two-day campaign against drugs in Otjiwarongo in the Otjozondjupa Region this morning. (Sun Newspaper)

Namibia has not been spared from the rapidly rising inflation and interest rates experienced across the globe over the past year and a half. (New Era Newspaper)

Namibia’s trade activity increased in value by 18,7% year-on-year (y/y) in May, driven by an increase in exports, led by uranium, which rose 45,3% y/y and imports, topped by petroleum oils, rising 4,0% y/y. (The Namibian Newspaper)

Sub-Sahara News

SA, which has experienced crippling electricity outages in recent months, will "survive" this winter season thanks to a huge improvement in generation, a cabinet minister said on Saturday. (News24)

Emerging market stocks hit a one-month low on Friday as bets of a higher U.S. rate regime lasting for longer stifled risk appetite, while Hungary’s forint dwindled ahead of an S&P debt rating review and on expectations of continued rate cuts (CNBC Africa)

Seychelles has allegedly imposed a ban on Nigerian passport holders, applying for short-term visas or holiday purposes. (AllAfrica News)

International News

Zelenskiy said an invitation to join NATO would show that the alliance is not afraid of Moscow, and that getting clear security guarantees while outside the group would be one of his goals in Vilnius (Reuters News)

European stocks may open on a firm note Monday amid a growing sense of optimism about the U.S. economy (RTT News)

The United States military says it has killed a leader of the ISIL (ISIS) group in eastern Syria in a drone strike. (Aljazeera News)

NSX DAILY UPDATES (06 JULY 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,299,564.00	39,028,613.87	100.00%
ETFs	-	-	0.00%
Total	1,299,564.00	39,028,613.87	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 39,028,613.87 worth of shares was traded on the NSX on Thursday with about N$ 5,034,180 worth of shares belonging to Anglo-American plc and N$ 45,430 worth of shares belonging to Letshego Holdings Ltd on the domestic market. Additionally, No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

Share belonging to Anglo-American continuously declined, as Chinese industrial profits data disappointed, resulting in a decline of 3.9% in the company's stock value at closing
Letshego Holdings’ shares were traded by market participants with a slight decline in share price by 2.5% at closing.

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.80	36.80	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.65	14.65	0.00%
First Rand Namibia	FNB	50.40	50.40	0.00%
Standard Bank Namibia	SNO	6.50	6.50	0.00%
Oryx Limited	ORY	11.00	11.00	0.00%
Letshego	LHN	3.95	3.85	-2.53%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.08	7.09	0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	543.00	522.00	-3.87%
B2Gold Corporation	B2G	67.13	66.32	-1.21%
Oceana Group Limited	OCG	71.60	71.26	-0.47%
Truworths	TRW	56.75	55.73	-1.80%
Nedbank Group Limited	NBK	226.56	221.78	-2.11%
Standard Bank Group	SNB	178.36	175.93	-1.36%
Shoprite Holdings	SRH	225.23	221.11	-1.83%
Firstrand Limited	FST	68.75	67.77	-1.43%
Momentum Metropolitan Holdings	MMT	18.12	17.76	-1.99%
Old Mutual Ltd	OMM	12.20	11.95	-2.05%
Sanlam Limited	SLA	59.99	59.12	-1.45%
Santam Limited	SNM	290.50	287.99	-0.86%
Vukile Property Fund Limited	VKN	12.49	12.10	-3.12%
Investec Limited	IVD	105.89	103.38	-2.37%
PSG Konsult Limited	KFS	13.21	13.41	1.51%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	336.32	338.68	0.70%
New Gold Palladium ETF	NGNPLD	227.34	226.96	-0.17%
New Gold Platinum ETF N	NGNPLT	165.10	164.98	-0.07%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.13	19.02	-0.58%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	19.08
EUR/NAD	20.78
GBP/NAD	24.30
EUR/GBP	0.85
EUR/USD	1.08
GBP/USD	1.27
AUD/USD	0.66
USD/JPY	144.02
Commodities @ 07:00
Gold	1,916.15
Silver	22.86
Platinum	908.55
Palladium	1,234.50
WTI	71.83
Brent	76.53

Table 5: Exchange Rates and Commodities

Local News

Namibia’s sovereign wealth fund has grown to N$385 million from its initial capital injection of N$270 million, deposited at its launch in May 2022. (Sun Newspaper)

The real value of building plans approved decreased during the first quarter of 2023. This leading indicator for future construction activity, decreased year-on-year and quarter-on-quarter by 27.1% and 33.3%, respectively. (New Era Newspaper)

Economist Daniel Motinga has threatened to resign as NamPower board chairperson due to continued political interference in the running of the national electricity company. (The Namibian Newspaper)

Sub-Sahara News

A surge in US private payrolls fuelled worries that US interest rates would stay higher for longer. (News24)

Nigeria’s average daily petrol consumption has fallen by 28% since President Bola Tinubu scrapped a popular but costly subsidy on the fuel at the end of May, data from the industry regulator shows. (CNBC Africa)

Emergency services in the Ekurhuleni metro have confirmed that 24 people died of suspected gas inhalation at the Angelo informal settlement in Boksburg on Wednesday night (AllAfrica News)

International News

The head of the U.N.'s nuclear watchdog said on Friday that one or two of the team of international experts behind its report greenlighting Japan's release of treated radioactive water from the crippled Fukushima plant may have expressed concerns (Reuters News)

Quarterly national accounts from the UK and flash inflation from France and the euro area are due on Friday, headlining a hectic day for the European economic news. (RTT News)

Israeli forces have shot dead a Palestinian man after he opened fire near an illegal settlement, killing one Israeli soldier, according to Israel’s army. (Aljazeera News)

NSX DAILY UPDATES (05 JULY 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	655,336.00	13,060,029.31	96.64%
ETFs	1,744.00	454,303.92	3.36%
Total	657,080.00	13,514,333.24	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 13,060,029.31 worth of shares was traded on the NSX on Wednesday with about N$ 565,919 worth of shares belonging to Anglo-American plc and N$ 504,400 worth of shares belonging FirstRand Namibia Ltd on the domestic market. Additionally, ETFs worth N$ 454,303.92 were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

Share belonging to Anglo-American continuously declined, as Chinese industrial profits data disappointed, resulting in a decline of 1.5% in the company's stock value at closing
FirstRand Namibia’s shares were traded by market participants with no change in share price at closing.

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.80	36.80	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.65	14.65	0.00%
First Rand Namibia	FNB	50.39	50.40	0.02%
Standard Bank Namibia	SNO	6.50	6.50	0.00%
Oryx Limited	ORY	11.00	11.00	0.00%
Letshego	LHN	3.90	3.95	1.28%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	551.19	543.00	-1.49%
B2Gold Corporation	B2G	66.67	67.13	0.69%
Oceana Group Limited	OCG	71.56	71.60	0.06%
Truworths	TRW	56.41	56.75	0.60%
Nedbank Group Limited	NBK	228.97	226.56	-1.05%
Standard Bank Group	SNB	178.82	178.36	-0.26%
Shoprite Holdings	SRH	226.78	225.23	-0.68%
Firstrand Limited	FST	69.20	68.75	-0.65%
Momentum Metropolitan Holdings	MMT	18.15	18.12	-0.17%
Old Mutual Ltd	OMM	12.19	12.20	0.08%
Sanlam Limited	SLA	59.29	59.99	1.18%
Santam Limited	SNM	290.12	290.50	0.13%
Vukile Property Fund Limited	VKN	12.60	12.49	-0.87%
Investec Limited	IVD	106.58	105.89	-0.65%
PSG Konsult Limited	KFS	13.33	13.21	-0.90%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	334.80	336.32	0.45%
New Gold Palladium ETF	NGNPLD	225.51	227.34	0.81%
New Gold Platinum ETF N	NGNPLT	165.61	165.10	-0.31%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.11	19.13	0.10%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.78
EUR/NAD	20.37
GBP/NAD	23.85
EUR/GBP	0.85
EUR/USD	1.08
GBP/USD	1.26
AUD/USD	0.66
USD/JPY	144.42
Commodities @ 07:00
Gold	1,924.90
Silver	23.41
Platinum	924.85
Palladium	1,249.78
WTI	71.99
Brent	76.74

Table 5: Exchange Rates and Commodities

Local News

Dedicated stations will be established in each region to assist livestock farmers to update stock brands, ear tags, and other identification methods. (Sun Newspaper)

During the month under review (May 2023) the total airport arrival declined to 40,902, down from 43,943 arrivals recorded in April 2023. (HEI Research)

The Ministry of Gender Equality, Poverty Eradication, and Social Welfare says more than 618 000 Namibians are surviving on social grants. These include old-age pensions, grants for orphans and vulnerable children (OVC), and disability grants. (The Namibian Newspaper)

Sub-Sahara News

Former president Jacob Zuma will play a key role in representing Belarus at a Zimbabwe conference on the trade in African carbon credits, according to the organizers of the event. (News24)

The latest round of voluntary crude oil output cuts evidence the cooperation between heavyweight producers and allies Russia and Saudi Arabia, the kingdom’s Energy Minister Prince Abdulaziz bin Salman said on Wednesday. (CNBC Africa)

Africa football boss Patrice Motsepe has stepped in to resolve the South African women's national team Banyana Banyana crisis. (AllAfrica News)

International News

Experts from the U.N. nuclear watchdog based at the Russian-held Zaporizhzhia nuclear power plant in Ukraine have yet to observe any indications of mines or explosives at the plant, but they need more access to be sure, the agency said on Wednesday. (Reuters News)

European stocks are seen opening little changed on Thursday as rate hike fears persisted, and investors awaited China PMI data for directional cues (RTT News)

Instagram owner Meta has launched its new social media network Threads, aiming to capitalize on the turmoil at Twitter under billionaire owner Elon Musk. (Aljazeera News)

NSX DAILY UPDATE (04 JULY 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	720,054.00	39,897,252.08	97.42%
ETFs	30,839.00	1,056,835.72	2.58%
Total	750,893.00	40,954,087.80	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 39,897,252.08 worth of shares was traded on the NSX on Tuesday with about N$ 1,313,051 value of shares belonging to Anglo-American plc and N$ 144,625 worth of shares belonging to SBN Holdings Ltd on the domestic market. Additionally, ETFs worth N$ 1,056,835.72 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

Share belonging to Anglo-American declined, as Chinese industrial profits data disappointed, resulting in a decline of 0.5% in the company's stock value at closing
SBN Holdings’ shares were traded by market participants with no change in share price at closing.

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.80	36.80	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.65	14.65	0.00%
First Rand Namibia	FNB	50.39	50.39	0.00%
Standard Bank Namibia	SNO	6.50	6.50	0.00%
Oryx Limited	ORY	11.00	11.00	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	554.10	551.19	-0.53%
B2Gold Corporation	B2G	71.36	66.67	-6.57%
Oceana Group Limited	OCG	71.36	71.56	0.28%
Truworths	TRW	56.86	56.41	-0.79%
Nedbank Group Limited	NBK	227.74	228.97	0.54%
Standard Bank Group	SNB	177.00	178.82	1.03%
Shoprite Holdings	SRH	226.23	226.78	0.24%
Firstrand Limited	FST	68.64	69.20	0.82%
Momentum Metropolitan Holdings	MMT	18.13	18.15	0.11%
Old Mutual Ltd	OMM	12.10	12.19	0.74%
Sanlam Limited	SLA	58.35	59.29	1.61%
Santam Limited	SNM	292.25	290.12	-0.73%
Vukile Property Fund Limited	VKN	12.48	12.60	0.96%
Investec Limited	IVD	107.35	106.58	-0.72%
PSG Konsult Limited	KFS	13.35	13.33	-0.15%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	336.35	334.80	-0.46%
New Gold Palladium ETF	NGNPLD	226.62	225.51	-0.49%
New Gold Platinum ETF N	NGNPLT	164.79	165.61	0.50%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.13	19.11	-0.10%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.70
EUR/NAD	20.34
GBP/NAD	23.75
EUR/GBP	0.85
EUR/USD	1.08
GBP/USD	1.27
AUD/USD	0.66
USD/JPY	144.61
Commodities @ 07:00
Gold	1,931.30
Silver	23.11
Platinum	922.55
Palladium	1,232.28
WTI	71.77
Brent	75.94

Table 5: Exchange Rates and Commodities

Local News

Former NUST council chairperson Florette Nakusera says governance issues are threatening the stability of the country's second-biggest tertiary institution, especially fights between council members and management. (Sun Newspaper)

Outgoing Government Institutions’ Pension Fund CEO David Nuyoma has boasted about leaving the fund in a brilliant state, saying its asset-base increased from N$58 billion to over N$157 billion under his reign. (New Era Newspaper)

Namibian diamonds are increasingly coming under threat from synthetic diamonds which have competed with real diamonds for market share for decades. (The Namibian Newspaper)

Sub-Sahara News

South African Reserve Bank Governor Lesetja Kganyago said the fight to tame rising prices was delivering results and the central bank will stick to its task to get them under control (News24)

The world’s major central banks delivered in June the biggest number of monthly interest rate hikes year-to-date, surprising markets and flagging more tightening ahead as policymakers grapple to get the upper hand in their battle against inflation. (CNBC Africa)

A newly published Demographic and Health Survey (DHS) has reported Kenya's population of severely stunted children at 4.2 percent marking an almost 50 percent reduction compared to 8.1 percent in 2014. (AllAfrica News)

International News

China's export controls on metals used in making semiconductors are "just a start", an influential trade policy adviser said on Wednesday, as it ramps up a tech fight with the U.S. days before U.S. treasury Secretary Janet Yellen visits Beijing. (Reuters News)

European stocks advanced on Wednesday as a slew of upbeat U.S. economic data released overnight soothed concerns about an economic downturn. (RTT News)

The Japanese government could start releasing treated but still radioactive water from the ruined Fukushima Daiichi nuclear power station into the Pacific Ocean as soon as next month after the United Nations nuclear watchdog gave the controversial plan the green light following a two-year review. (Aljazeera News)

NSX DAILY UPDATES (28 JUNE 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	50,610.00	3,769,293.18	87.12%
ETFs	2,087.00	557,404.78	12.88%
Total	52,697.00	4,326,697.96	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$3,769,293.18 worth of shares was traded on the NSX on Wednesday with about N$ 2,433,727 worth of shares belonging to Anglo-American plc and N$ 63,375 worth of shares belonging to SBN Holdings Ltd on the home front. ETFs worth N$ 557,404.78 were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices get hammered on recession fears, resulting in a slight decrease of 2.2% in the company's stock value at closing
Market participants actively traded SBN Holdings Ltd shares on the domestic market, with no change in share price at closing.

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.30	36.30	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.85	14.85	0.00%
First Rand Namibia	FNB	47.51	47.51	0.00%
Standard Bank Namibia	SNO	6.50	6.50	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.09	7.08	-0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	537.14	525.08	-2.25%
B2Gold Corporation	B2G	66.26	64.93	-2.01%
Oceana Group Limited	OCG	68.05	68.46	0.60%
Truworths	TRW	55.30	55.45	0.27%
Nedbank Group Limited	NBK	224.33	223.04	-0.58%
Standard Bank Group	SNB	173.50	174.00	0.29%
Shoprite Holdings	SRH	224.51	223.17	-0.60%
Firstrand Limited	FST	67.08	67.50	0.63%
Momentum Metropolitan Holdings	MMT	17.55	17.78	1.31%
Old Mutual Ltd	OMM	11.80	11.86	0.51%
Sanlam Limited	SLA	57.50	57.50	0.00%
Santam Limited	SNM	286.88	288.60	0.60%
Vukile Property Fund Limited	VKN	13.06	12.33	-5.59%
Investec Limited	IVD	101.67	102.94	1.25%
PSG Konsult Limited	KFS	12.55	12.57	0.16%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	330.10	332.89	0.85%
New Gold Palladium ETF	NGNPLD	231.59	222.13	-4.08%
New Gold Platinum ETF N	NGNPLT	163.69	163.86	0.10%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.24	19.35	0.57%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.65
EUR/NAD	20.35
GBP/NAD	23.57
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.26
AUD/USD	0.66
USD/JPY	144.35
Commodities @ 07:00
Gold	1,916.15
Silver	22.84
Platinum	923.95
Palladium	1,255.28
WTI	69.35
Brent	73.95

Table 5: Exchange Rates and Commodities

Local News

The cabinet is currently discussing Meatco's future, it's restructuring as well as possible partnerships with the private sector. No decisions have been made so far, agriculture, water, and land reform minister Calle Schlettwein told Namibia Media Holdings yesterday. (Sun Newspaper)

Xinfeng Investments, the Chinese company that mines Lithium near Uis, emerged victorious, but not unscathed, in its battle with mines minister Tom Alweendo. (New Era Newspaper)

Amid growing concerns over individuals facing the possibility of losing their homes due to loan defaults, the Bank of Namibia is contemplating the implementation of clear regulations on property repossessions. (The Namibian Newspaper)

Sub-Sahara News

Pick n Pay said on Wednesday it has reached an agreement to buy Western Cape-based meat group Tomis for R340 million, a move aimed at ensuring a higher-quality and more consistent red meat offering for customers. (News24)

Ghana has reached an agreement with banks to restructure 15 billion Ghana cedi ($1.36 billion) of locally issued U.S. dollar bonds and cocoa bills, three sources close to the negotiations have told Reuters. (CNBC Africa)

With nearly 80 percent of the world's users of risky forms of tobacco living in lower-middle-income countries (LMICs), the poor uptake of safe nicotine products in these countries remains a cause for concern. (AllAfrica News)

International News

The Wagner Group mercenaries who seized the Russian city of Rostov-on-Don on Saturday in a failed mutiny included at least three convicted criminals, a Reuters review of facial recognition software, court records, and social media showed. (Reuters News)

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from global markets overnight, on renewed concerns over the outlook for interest rates following the hawkish remarks by US Fed Chair Jerome Powell, who reiterated the Fed is likely to continue raising interest rates in an effort to contain stubbornly elevated inflation. (RTT News)

Debris and possible human remains from the submersible that imploded on a visit to the Titanic have been hauled back to shore, as authorities investigate what led to the deadly deep-sea disaster. (Aljazeera News)

NSX DAILY UPDATES (27 JUNE 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	198,774.00	10,831,806.98	100.00%
ETFs	-	-	0.00%
Total	198,774.00	10,831,806.98	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$10,831,806.98 worth of shares was traded on the NSX on Tuesday with about N$3,729,020 worth of shares belonging to Anglo-American plc and N$42,327 worth of shares belonging to Mobile Telecommunications Limited on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 0.1% in the company's stock value at closing
Market participants actively traded FirstRand Namibia shares on the domestic market, resulting an increase in share price at closing by 3.0%

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.30	36.30	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.85	14.85	0.00%
First Rand Namibia	FNB	47.51	47.51	0.00%
Standard Bank Namibia	SNO	6.50	6.50	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.09	7.09	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	537.70	537.14	-0.10%
B2Gold Corporation	B2G	66.89	66.26	-0.94%
Oceana Group Limited	OCG	69.06	68.05	-1.46%
Truworths	TRW	55.00	55.30	0.55%
Nedbank Group Limited	NBK	223.96	224.33	0.17%
Standard Bank Group	SNB	172.74	173.50	0.44%
Shoprite Holdings	SRH	224.64	224.51	-0.06%
Firstrand Limited	FST	66.87	67.08	0.31%
Momentum Metropolitan Holdings	MMT	17.54	17.55	0.06%
Old Mutual Ltd	OMM	11.81	11.80	-0.08%
Sanlam Limited	SLA	57.60	57.50	-0.17%
Santam Limited	SNM	286.73	286.88	0.05%
Vukile Property Fund Limited	VKN	13.10	13.06	-0.31%
Investec Limited	IVD	102.05	101.67	-0.37%
PSG Konsult Limited	KFS	12.82	12.55	-2.11%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	334.09	330.10	-1.19%
New Gold Palladium ETF	NGNPLD	237.07	231.59	-2.31%
New Gold Platinum ETF N	NGNPLT	166.65	163.69	-1.78%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.13	19.24	0.58%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.56
EUR/NAD	20.32
GBP/NAD	23.63
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.66
USD/JPY	143.89
Commodities @ 07:00
Gold	1,923.95
Silver	22.91
Platinum	925.90
Palladium	1,281.28
WTI	68.12
Brent	72.97

Table 5: Exchange Rates and Commodities

Local News

The Affirmative Repositioning (AR) movement says the government should not be made to pay for a 24% stake in Hyphen Hydrogen Energy, which has been tasked to develop the Southern Corridor Development Initiative. (Sun Newspaper)

Namibia Chamber of Commerce and Industry president Bisey /Uirab yesterday said there is a trend emerging of developed countries that favor and actively promote protectionism and regionalism. (New Era Newspaper)

Namibia Breweries Limited (NBL), which was recently taken over by Heineken International BV, will be letting go of 31 fixed-term employees on Friday. (The Namibian Newspaper)

Sub-Sahara News

Naspers stable gains R260bn in a single day as investors welcome simpler structure. (News24)

Germany and South Africa on Tuesday agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa’s huge renewable resource potential to meet 2050 net-zero targets. (CNBC Africa)

There may be survivors trapped underground in an unused mining shaft in Welkom, in the Free State, where at least 31 illegal miners - believed to be Basotho nationals - were killed during a methane explosion in May 2023 (AllAfrica News)

International News

The U.S. Supreme Court on Tuesday rebuffed a legal theory favored by many conservatives that could hand sweeping power to state legislatures to establish rules for presidential and congressional elections and draft electoral maps giving huge advantages to the party already in control. (Reuters News)

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as some traders continued to cash in on recent strength in the markets by booking profits. (RTT News)

Clashes have broken out between demonstrators and police following public outrage over the shooting death of a 17-year-old in the Paris suburb of Nanterre after the youth allegedly failed to comply with a police order to stop his car. (Aljazeera News)

NSX DAILY UPDATES (26 JUNE 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	399,688.00	15,644,361.40	100.00%
ETFs	-	-	0.00%
Total	399,688.00	15,644,361.40	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$15,644,361.40 worth of shares was traded on the NSX on Monday with about N$ 719,023 worth of shares belonging to Anglo-American plc and N$ 1,900,400 worth of shares belonging FirstRand Namibia Ltd on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

Market participants continues to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 0.1% in the company's stock value at closing
Market participants actively traded FirstRand Namibia shares on the domestic market, resulting an increase in share price at closing by 3.0%

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.02	36.30	0.78%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.80	14.85	0.34%
First Rand Namibia	FNB	46.13	47.51	2.99%
Standard Bank Namibia	SNO	6.99	6.50	-7.01%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.08	7.09	0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	538.06	537.70	-0.07%
B2Gold Corporation	B2G	68.48	66.89	-2.32%
Oceana Group Limited	OCG	68.48	69.06	0.85%
Truworths	TRW	54.08	55.00	1.70%
Nedbank Group Limited	NBK	224.19	223.96	-0.10%
Standard Bank Group	SNB	173.28	172.74	-0.31%
Shoprite Holdings	SRH	225.60	224.64	-0.43%
Firstrand Limited	FST	66.53	66.87	0.51%
Momentum Metropolitan Holdings	MMT	17.80	17.54	-1.46%
Old Mutual Ltd	OMM	11.85	11.81	-0.34%
Sanlam Limited	SLA	57.88	57.60	-0.48%
Santam Limited	SNM	287.00	286.73	-0.09%
Vukile Property Fund Limited	VKN	13.12	13.10	-0.15%
Investec Limited	IVD	103.69	102.05	-1.58%
PSG Konsult Limited	KFS	12.68	12.82	1.10%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	335.64	334.09	-0.46%
New Gold Palladium ETF	NGNPLD	232.25	237.07	2.08%
New Gold Platinum ETF N	NGNPLT	166.87	166.65	-0.13%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.02	19.13	0.58%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.57
EUR/NAD	20.27
GBP/NAD	23.64
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.67
USD/JPY	143.65
Commodities @ 07:00
Gold	1,934.45
Silver	23.02
Platinum	939.40
Palladium	1,316.00
WTI	70.07
Brent	75.00

Table 5: Exchange Rates and Commodities

Local News

The Anti-Corruption Commission (ACC) wants the vice-chancellor of the Namibia University of Science and Technology (NUST), Dr. Erold Naomab, probed for corruption, maladministration, and mismanagement. (Sun Newspaper)

The Oshikoto Regional Council has spent N$40 million on infrastructure development for the 2022/23 financial year. (New Era Newspaper)

First Lady Monica Geingos says there is an urgent need for the private sector to provide employees with essential benefits while labour experts have urged employers to pay salaries relative to the current economic situation. (The Namibian Newspaper)

Sub-Sahara News

Travelers are benefiting from lower airfares over the winter period as local airlines accuse each other of uncompetitive pricing – with one operator wanting the competition watchdog to investigate whether some ticket prices are below the cost of operating flights. (News24)

Zimbabwe’s annual inflation rose to 175.8% in June from 86.5% in May, data showed on Monday, exacerbating a pricing crisis ahead of crucial elections. (CNBC Africa)

International News

Russian President Vladimir Putin paid tribute to pilots killed fighting an aborted mutiny, confirming their deaths for the first time while thanking Russians for showing patriotic solidarity in the face of the Wagner militia group's march on Moscow. (Reuters News)

Asian stocks ended mixed on Tuesday as Chinese growth concerns persisted and investors waited for further direction from Federal Reserve Chair Jerome Powell, who will testify before Congress on Wednesday. (RTT News)

Ukrainian President Volodymyr Zelenskyy has visited Ukrainian forces fighting on the front line that runs through the eastern Donetsk region and the south of the country, decorating troops on a day in which he said his forces had “advanced in all directions”. (Aljazeera News)

NSX Weekly Market Report: 19-23 June 2023

NSX DAILY UPDATES (23 JUNE 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	233,558.00	23,190,035.40	100.00%
ETFs	-	-	0.00%
Total	233,558.00	23,190,035.40	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 23,190,035.40worth of shares was traded on the NSX on Friday with about N$6,337,856 worth of shares belonging to Anglo-American plc and N$ 1,845,200 worth of shares belonging FirstRand Namibia Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 1.3% in the company's stock value at closing
Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in an increase in share price at closing by 3.0%

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.02	36.02	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.50	14.80	2.07%
First Rand Namibia	FNB	44.79	46.13	2.99%
Standard Bank Namibia	SNO	0.68	0.68	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	545.21	538.06	-1.31%
B2Gold Corporation	B2G	64.82	68.48	5.65%
Oceana Group Limited	OCG	67.07	68.48	2.10%
Truworths	TRW	55.61	54.08	-2.75%
Nedbank Group Limited	NBK	227.49	224.19	-1.45%
Standard Bank Group	SNB	175.50	173.28	-1.26%
Shoprite Holdings	SRH	227.10	225.60	-0.66%
Firstrand Limited	FST	67.67	66.53	-1.68%
Momentum Metropolitan Holdings	MMT	17.88	17.80	-0.45%
Old Mutual Ltd	OMM	11.95	11.85	-0.84%
Sanlam Limited	SLA	59.71	57.88	-3.06%
Santam Limited	SNM	290.42	287.00	-1.18%
Vukile Property Fund Limited	VKN	13.38	13.12	-1.94%
Investec Limited	IVD	104.62	103.69	-0.89%
PSG Konsult Limited	KFS	12.84	12.68	-1.25%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	329.82	335.64	1.76%
New Gold Palladium ETF	NGNPLD	234.29	232.25	-0.87%
New Gold Platinum ETF N	NGNPLT	166.22	166.87	0.39%
Satrix S&P Namibia Bond ETF)	SXNNAM	19.09	19.02	-0.37%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.72
EUR/NAD	20.43
GBP/NAD	23.85
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.66
USD/JPY	143.40
Commodities @ 07:00
Gold	1,936.25
Silver	22.76
Platinum	936.80
Palladium	1,289.50
WTI	69.41
Brent	74.24

Table 5: Exchange Rates and Commodities

Local News

Meatco sold 590 tons more beef and increased its revenue by N$113 million compared to the previous year. (Sun Newspaper)

Andrada Mining Limited, which is operating the Uis tin mine, has been criticized for not having all the requisite permissions and blasting equipment, as well as using the wrong explosives by the Ministry of Mines and Energy. (New Era Newspaper)

Political experts and opposition members of parliament (MPs) have expressed concern about Cabinet ministers rushing to table critical bills in parliament for amendment – seemingly to avoid Namibia being greylisted by the Financial Action Task Force (FATF). (The Namibian Newspaper)

Sub-Sahara News

President Cyril Ramaphosa said in February he expected much more energy capacity by the end of 2024. He is going to need to push that time line out (News24)

Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China, marking a long-awaited breakthrough for indebted nations around the world that have faced lengthy negotiations with creditors. (CNBC Africa)

The debt profiles, especially of countries in the global south, are rising, with many are now adjudged high-risk countries, keeping investors far from them. (AllAfrica News)

International News

Russia sought to restore calm on Monday after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine. (Reuters News)

Asian stocks retreated on Monday as investors exercised caution ahead of China's interest-rate decision and Fed Chair Jerome Powell's testimonies. (RTT News)

Australia, one of the biggest non-NATO contributors to Ukraine, is to send an additional 70 military vehicles to Ukraine as part of its latest military assistance package for the country. (Aljazeera News)

NSX DAILY UPDATES (22 JUNE 2023)

*NSX Trades*	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	401,413.00	18,915,201.39	96.98%
ETFs	1,775.00	588,590.00	3.02%
Total	403,188.00	19,503,791.39	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 18,915,201.39 worth of shares was traded on the NSX on Thursday with about N$ 13,557,425 worth of shares belonging to Anglo-American plc and N$ 1,035,567 worth of shares belonging to Letshego Holdings Ltd on the home front. ETFs worth N$ 588,590.00 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

Market participants sold off shares belonging to Anglo-American as precious metal prices decline continuously, thus resulting in a slight decrease of 0.5% in the company's stock value at closing
Market participants actively traded Letshego Holdings shares on the domestic market, resulting in no change in share price at closing
New Gold Issuer Ltd NM ETF was offloaded as investor demand in gold declined amid weak performance of commodity prices

*Name*	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.02	36.02	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.50	14.50	0.00%
First Rand Namibia	FNB	44.79	44.79	0.00%
Standard Bank Namibia	SNO	6.99	6.99	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.90	3.90	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.75	12.75	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	548.09	545.21	-0.53%
B2Gold Corporation	B2G	64.66	64.82	0.25%
Oceana Group Limited	OCG	68.60	67.07	-2.23%
Truworths	TRW	55.71	55.61	-0.18%
Nedbank Group Limited	NBK	229.95	227.49	-1.07%
Standard Bank Group	SNB	177.10	175.50	-0.90%
Shoprite Holdings	SRH	224.11	227.10	1.33%
Firstrand Limited	FST	68.31	67.67	-0.94%
Momentum Metropolitan Holdings	MMT	18.29	17.88	-2.24%
Old Mutual Ltd	OMM	12.14	11.95	-1.57%
Sanlam Limited	SLA	60.26	59.71	-0.91%
Santam Limited	SNM	288.00	290.42	0.84%
Vukile Property Fund Limited	VKN	13.50	13.38	-0.89%
Investec Limited	IVD	106.99	104.62	-2.22%
PSG Konsult Limited	KFS	12.76	12.84	0.63%

Table 3: Dual Listed Trades

*Name*	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	330.02	329.82	-0.06%
New Gold Palladium ETF	NGNPLD	243.91	234.29	-3.94%
New Gold Platinum ETF N	NGNPLT	168.56	166.22	-1.39%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.83	19.09	1.38%

Table 4: ETFs

*Exchange Rates @ 07:00*
USD/NAD	18.54
EUR/NAD	20.30
GBP/NAD	23.60
EUR/GBP	0.86
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.67
USD/JPY	142.87
Commodities @ 07:00
Gold	1,922.75
Silver	22.19
Platinum	922.50
Palladium	1,276.75
WTI	69.19
Brent	73.89

Table 5: Exchange Rates and Commodities

Local News

The government is developing new legislation to tackle the high import volumes of dairy, poultry, and pork into the country, as well as to avail breathing space and protection to enable those industries to grow. (Sun Newspaper)

The Department of Agriculture and land reform returned at least N$98 million to the State purse, money which could have been used to address other pressing public needs. (New Era Newspaper)

The Namibian economy between January and March this year expanded by 5% – growing the quarterly productivity base to N$36,8 billion. (The Namibian Newspaper)

Sub-Sahara News

The suspension is related to a R500 million emergency security contract awarded to Fidelity Services to investigate coal theft last year, News24 understands. (News24)

Nigeria’s naira currency hit a record low against the dollar after the spot market closed on Wednesday, and forwards contracts also hit new lows on Thursday, Refinitiv data showed. (CNBC Africa)

Zanzibar has secured EUR 400 million (about 1.04tri/-) loan to fund the development of Pemba airport and several key roads din the Isles. (AllAfrica News)

International News

A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a "catastrophic implosion" that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. (Reuters News)

Final inflation data from Eurozone is the only major economic report due on Friday. At 3.00 am ET, the Czech Statistical Office releases producer prices for May. (RTT News)

United States President Joe Biden has defended calling Chinese President Xi Jinping a “dictator”, just days after their countries hailed modest progress in cooling tensions. (Aljazeera News)

Category: Equity Market Research