Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,872,141.00	47,418,176.38	100.00%
ETFs	-	-	0.00%
Total	2,872,141.00	47,418,176.38	100.00%

NSX Activities

A total of N$ 47,418,176.38 worth of shares was traded on the NSX on Wednesday with about N$ 2,653,438 worth of shares belonging to Anglo-American plc and N$ 1,072,315 worth of shares belonging to Namibia Breweries on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold-off shares belonging to Anglo-American as precious metal prices decline drastically, thus resulting in a slight decrease of 2.4% in the company's stock value at closing
• Market participants actively traded Namibia Breweries shares on the domestic market, resulting in 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	36.02	36.02	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.02	14.50	3.42%
First Rand Namibia	FNB	43.49	44.79	2.99%
Standard Bank Namibia	SNO	6.99	6.99	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.89	3.90	0.26%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.75	-0.39%
Mobile Telecommunication Company	MOC	7.09	7.08	-0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	561.62	548.09	-2.41%
B2Gold Corporation	B2G	65.48	64.66	-1.25%
Oceana Group Limited	OCG	72.00	68.60	-4.72%
Truworths	TRW	55.79	55.71	-0.14%
Nedbank Group Limited	NBK	230.32	229.95	-0.16%
Standard Bank Group	SNB	177.00	177.10	0.06%
Shoprite Holdings	SRH	224.96	224.11	-0.38%
Firstrand Limited	FST	69.01	68.31	-1.01%
Momentum Metropolitan Holdings	MMT	18.73	18.29	-2.35%
Old Mutual Ltd	OMM	12.20	12.14	-0.49%
Sanlam Limited	SLA	60.71	60.26	-0.74%
Santam Limited	SNM	293.00	288.00	-1.71%
Vukile Property Fund Limited	VKN	13.48	13.50	0.15%
Investec Limited	IVD	109.49	106.99	-2.28%
PSG Konsult Limited	KFS	12.61	12.76	1.19%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	330.87	330.02	-0.26%
New Gold Palladium ETF	NGNPLD	242.63	243.91	0.53%
New Gold Platinum ETF N	NGNPLT	169.48	168.56	-0.54%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.87	18.83	-0.21%

Exchange Rates @ 07:00
USD/NAD	18.37
EUR/NAD	20.19
GBP/NAD	23.44
EUR/GBP	0.86
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.67
USD/JPY	141.77
Commodities @ 07:00
Gold	1,938.85
Silver	22.54
Platinum	941.25
Palladium	1.334.03
WTI	72.14
Brent	76.69

Local News

While Savanna Beef Processors (SBP) has just announced that it will offer cattle producers a third chance to buy further shares, a purchase agreement for a building site has also now been completed. (Sun Newspaper)

Namibian Police Commissioner Andreas Nelumbu and the safety ministry are trying to reach an amicable solution after he sued his employer for accusing him of having a hand in the missing guns and ammunition from the police warehouse last year. (New Era Newspaper)

The government is facing criticism for its handling of the ownership of the highly anticipated green hydrogen project (The Namibian Newspaper)

Sub-Sahara News

An arrest warrant has been issued for Markus Jooste in Germany – while a Dutch court effectively killed off Steinhoff in its current form on Wednesday. (News24)

South Africa’s central bank will for the first time modify the model that partly influences its interest rate decisions, it said on its website on Tuesday. (CNBC Africa)

Nigeria should seize the opportunity to raise its diplomatic game and lead the continent from the front. (AllAfrica News)

International News

The Biden administration will make it easier for Indians to live and work in the United States, using this week's state visit by Prime Minister Narendra Modi to help some skilled workers enter or remain in the country, according to three people familiar with the matter. (Reuters News)

European stocks are seen opening largely unchanged on Thursday, as investors await Chair Jerome Powell's second day of testimony on Capitol Hill and the Bank of England's interest-rate decision later in the day. (RTT News)

Rescue crews looking for the submersible vessel that went missing in the northern Atlantic Ocean are moving assets and focusing their search on an area where undersea noises have been detected, a US Coast Guard official has said.. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,754,969.00	79,164,735.01	95.47%
ETFs	17,121.00	3,753,196.74	4.53%
Total	2,772,090.00	82,917,931.75	100.00%

NSX Activities

A total of N$ 79,164,735.01 worth of shares was traded on the NSX on Tuesday with about N$ 21,146,437 worth of shares belonging to Anglo-American plc and N$ 4,233,211 worth of shares belonging to FirstRand Namibia Ltd on the home front. ETFs worth N$ 3,753,196.74 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold-off shares belonging to Anglo-American as commodity prices are affected by China’s latest economic news of cutting rates, thus resulting in a slight decrease of 3.2% in the company's stock value at closing
• Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in an increase of 6.07% in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.00	36.02	0.06%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.02	0.14%
First Rand Namibia	FNB	41.00	43.49	6.07%
Standard Bank Namibia	SNO	7.00	6.99	-0.14%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.89	3.73%
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	12.80	0.39%
Mobile Telecommunication Company	MOC	7.08	7.09	0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	580.19	561.62	-3.20%
B2Gold Corporation	B2G	65.81	65.48	-0.50%
Oceana Group Limited	OCG	74.06	72.00	-2.78%
Truworths	TRW	56.35	55.79	-0.99%
Nedbank Group Limited	NBK	231.61	230.32	-0.56%
Standard Bank Group	SNB	173.78	177.00	1.85%
Shoprite Holdings	SRH	228.21	224.96	-1.42%
Firstrand Limited	FST	69.45	69.01	-0.63%
Momentum Metropolitan Holdings	MMT	18.89	18.73	-0.85%
Old Mutual Ltd	OMM	12.24	12.20	-0.33%
Sanlam Limited	SLA	60.79	60.71	-0.13%
Santam Limited	SNM	294.00	293.00	-0.34%
Vukile Property Fund Limited	VKN	13.70	13.48	-1.61%
Investec Limited	IVD	107.84	109.49	1.53%
PSG Konsult Limited	KFS	12.80	12.61	-1.48%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	330.80	330.87	0.02%
New Gold Palladium ETF	NGNPLD	247.16	242.63	-1.83%
New Gold Platinum ETF N	NGNPLT	171.60	169.48	-1.24%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.89	18.87	-0.11%

Exchange Rates @ 07:00
USD/NAD	18.39
EUR/NAD	20.07
GBP/NAD	23.46
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.67
USD/JPY	141.57
Commodities @ 07:00
Gold	1,946.55
Silver	23.14
Platinum	962.40
Palladium	1.380.00
WTI	71.41
Brent	76.09

Local News

Government representatives have explained why free equity in the Hyphen project is a danger to Namibia. (Sun Newspaper)

There is a glimmer of hope for the unemployed, as approximately 15 000 jobs in the public sector are anticipated to become available this year.  These employment opportunities will arise from the security cluster, which encompasses the National Defence Force (NDF), National Correctional Services (NCS), and the Namibian Police. (New Era Newspaper)

Stateless and undocumented people living in the Kavango East and Kavango West regions have called on the government to speed up registering them, accusing the Rundu regional office of delaying the process. (The Namibian Newspaper)

Sub-Sahara News

A new $1 billion (R18 billion) fund dedicated to financing green hydrogen projects in South Africa has been launched. (News24)

Ghana aims to exempt loans from the African Export & Import Bank (Afreximbank) from being restructured, finance minister Ken Ofori-Atta said, as the country seeks new terms on $20 billion in external debt and recovery from a deep economic crisis. (CNBC Africa)

Ambassador Bankole Adeoye, African Union Commissioner for Political Affairs, Peace, and Security, met on Monday with Field Marshal Berhanu Jula, Chief of General Staff of the Ethiopian National Defense Forces (ENDF), and discussed the AU-led Pretoria Permanent Cessation of Hostilities Agreement.. (AllAfrica News)

International News

A deepening sense of caution descends over Asian markets as the trading week reaches its mid-point, as investors give a lukewarm reaction to China's interest rate cut and await key remarks from Federal Reserve Chair Jerome Powell later on Wednesday. (Reuters News)

Asian stocks ended mixed on Wednesday after overnight data showed U.S. consumer price inflation slowed in May, reinforcing expectations the Federal Reserve would skip a rate hike later in the day. (RTT News)

The administration of President Joe Biden is preparing to host a state dinner for Indian Prime Minister Narendra Modi this week, paying little mind to critics who say the United States is turning a blind eye to human rights violations in India under Modi’s right-wing government. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	368,227.00	12,699,202.41	100.00%
ETFs	-	-	0.00%
Total	368,227.00	12,699,202.41	100.00%

NSX Activities

A total of N$ 12,699,202.41 worth of shares was traded on the NSX on Monday with about N$ 207,669 worth of shares belonging to Shoprite Holdings and N$ 4,689,663 worth of shares belonging to 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 sold off shares belonging to Shoprite Holdings, resulting in a slight decrease of 0.2% in the company's stock value at closing
• Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in 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	36.00	36.00	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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%

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	601.80	580.19	-3.59%
B2Gold Corporation	B2G	67.64	65.81	-2.71%
Oceana Group Limited	OCG	73.25	74.06	1.11%
Truworths	TRW	56.30	56.35	0.09%
Nedbank Group Limited	NBK	229.28	231.61	1.02%
Standard Bank Group	SNB	173.71	173.78	0.04%
Shoprite Holdings	SRH	228.66	228.21	-0.20%
Firstrand Limited	FST	69.19	69.45	0.38%
Momentum Metropolitan Holdings	MMT	18.62	18.89	1.45%
Old Mutual Ltd	OMM	12.19	12.24	0.41%
Sanlam Limited	SLA	60.46	60.79	0.55%
Santam Limited	SNM	294.20	294.00	-0.07%
Vukile Property Fund Limited	VKN	13.40	13.70	2.24%
Investec Limited	IVD	110.48	107.84	-2.39%
PSG Konsult Limited	KFS	13.59	12.80	-5.81%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	334.32	330.80	-1.05%
New Gold Palladium ETF	NGNPLD	245.61	247.16	0.63%
New Gold Platinum ETF N	NGNPLT	174.32	171.60	-1.56%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.87	18.89	0.11%

Exchange Rates @ 07:00
USD/NAD	18.18
EUR/NAD	19.85
GBP/NAD	23.26
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.68
USD/JPY	142.06
Commodities @ 07:00
Gold	1,962.50
Silver	24.05
Platinum	979.65
Palladium	1.408.03
WTI	71.36
Brent	76.12

Local News

The United States President's Emergency Plan for AIDS Relief (Pepfar), which celebrated its 20th anniversary in Windhoek yesterday, will avail N$1.6 billion towards Namibia’s HIV prevention, care, and treatment programs. (Sun Newspaper)

The Walvis Bay town council on Thursday tabled a N$609 million capital budget for the 2023/2024 financial year. (New Era Newspaper)

Eighty beneficiaries of the Build Together Programme at Swakopmund have elected to shoulder the responsibility of constructing their own houses. (The Namibian Newspaper)

Sub-Sahara News

A recent proposal calls for maximum fines of R10 million for individual auditors, or R25 million for the firms that employ them. (News24)

South Africa’s rand was little changed on Monday as a reduction in the intensity of rolling power cuts boosted the currency. (CNBC Africa)

The European leaders whose forces are engaged in the heaviest fighting between two nations on the continent for more than 70 years have rebuffed an attempt by African leaders to launch a peace mission. (AllAfrica News)

International News

China and the United States agreed on Monday to stabilize their intense rivalry so it does not veer into conflict, but failed to produce any major breakthrough during a rare visit to Beijing by U.S. Secretary of State Antony Blinken. (Reuters News)

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders remained cautious as they look ahead to a slew of central bank policy meetings in of the U.S., China, Europe and Japan this week (RTT News)

At 62, the foul-mouthed founder of Russia’s private army of Wagner mercenaries does not sound or look much like a photogenic, aspiring politician. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,026,724.00	39,859,461.96	99.24%
ETFs	922.00	305,320.30	0.76%
Total	1,027,646.00	40,164,782.26	100.00%

NSX Activities

A total of N$ 39,859,461.96 worth of shares was traded on the NSX on Thursday with about N$ 4,374,283 worth of shares belonging to Anglo-American plc and N$4,922 worth of shares belonging to Paratus Namibia Holdings Ltd on the home front. ETFs worth N$ 305,320.30 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold off belonging to Anglo-American as commodity prices decline, resulting in a slight decrease of 0.1% in the company's stock value at closing
• Market participants actively traded Paratus shares on the domestic market, resulting in a decline in share price by 0.31%

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.00	36.00	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.75	-0.31%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	602.20	601.80	-0.07%
B2Gold Corporation	B2G	68.99	67.64	-1.96%
Oceana Group Limited	OCG	71.44	73.25	2.53%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	56.90	56.30	-1.05%
Nedbank Group Limited	NBK	228.35	229.28	0.41%
Standard Bank Group	SNB	173.33	173.71	0.22%
Shoprite Holdings	SRH	228.84	228.66	-0.08%
FirstRand Limited	FST	68.54	69.19	0.95%
Momentum Metropolitan Holdings	MMT	18.48	18.62	0.76%
Old Mutual Ltd	OMM	12.08	12.19	0.91%
Sanlam Limited	SLA	59.49	60.46	1.63%
Santam Limited	SNM	292.00	294.20	0.75%
Vukile Property Fund Limited	VKN	13.20	13.40	1.52%
Investec Limited	IVD	110.60	110.48	-0.11%
PSG Konsult Limited	KFS	12.69	13.59	7.09%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	333.21	334.32	0.33%
New Gold Palladium ETF	NGNPLD	247.88	245.61	-0.92%
New Gold Platinum ETF N	NGNPLT	171.92	174.32	1.40%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.91	18.87	-0.21%

Exchange Rates @ 07:00
USD/NAD	18.25
EUR/NAD	19.96
GBP/NAD	23.32
EUR/GBP	0.85
EUR/USD	1.09
GBP/USD	1.27
AUD/USD	0.68
USD/JPY	140.60
Commodities @ 07:00
Gold	1,968.20
Silver	23.98
Platinum	991.40
Palladium	1.396.78
WTI	70.44
Brent	75.47

Local News

One of Namibia's largest banks has allegedly indicated that it will withdraw its employees from its medical aid fund should a 10% increase in monthly contributions take effect on 1 July. (Sun Newspaper)

Employees of the Walvis Bay municipality expressed concern about the competence of their senior management, saying it is playing Russian roulette with the ratepayers’ money. (New Era Newspaper)

Health Minister Kalumbi Shangula says there is a massive shortage of medical specialists in the country, with one doctor per 1000 patients. (The Namibian Newspaper)

Sub-Sahara News

Following last year's violent, unprotected strike which led to Stage 6 load shedding, this year's Eskom wage negotiations reached an agreement as part of its bargaining forum. (News24)

Kenya’s finance minister on Thursday said the government will pay all debts when they fall due, and cut the budget deficit for the fiscal year starting next month to 4.4% from an estimated 5.8% in this financial year. (CNBC Africa)

Opposition parties raised concerns over the African National Congress's (ANC) approval of the National Health Insurance (NHI) Bill, citing potential corruption and public health facilities' general unreadiness. Health Minister Joe Phaahla praised the legislation, said: "This is one of the most revolutionary pieces of legislation presented to this house since the dawn of our democracy in 1994." (AllAfrica News)

International News

A federal grand jury has indicted a U.S. Air National Guardsman accused of leaking top-secret military intelligence records online, the Justice Department said in a statement on Thursday. (Reuters News)

Asian stock markets are mostly higher on Friday, following the positive cues from Wall Street overnight, on easing concerns over the outlook for interest rates after a report showing initial jobless claims in the U.S. increased by much more than expected last week. (RTT News)

Reports of the widespread use of torture by Russian forces in Ukraine could indicate that the severe abuse of Ukrainian prisoners of war and civilians is “state-endorsed” by Moscow, a United Nations expert has said (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,582,807.00	113,214,135.15	100.00%
ETFs	-	-	0.00%
Total	2,582,807.00	113,214,135.15	100.00%

NSX Activities

A total of N$ 113,214,135.15 worth of shares was traded on the NSX on Wednesday with about N$ 18,284,361 worth of shares belonging to Anglo-American plc and N$ 2,124 worth of shares belonging to Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Market participants subscribed belonging to Anglo-American as metal prices and currency exchange improves, resulting in an increase of 3.6% in the company's stock value at closing
• Market participants actively traded Mobile Telecommunications Limited shares on the domestic market, resulting in no change in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.00	36.00	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	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%

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	581.06	602.20	3.64%
B2Gold Corporation	B2G	71.00	68.99	-2.83%
Oceana Group Limited	OCG	71.66	71.44	-0.31%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	55.20	56.90	3.08%
Nedbank Group Limited	NBK	225.53	228.35	1.25%
Standard Bank Group	SNB	170.00	173.33	1.96%
Shoprite Holdings	SRH	228.21	228.84	0.28%
FirstRand Limited	FST	68.12	68.54	0.62%
Momentum Metropolitan Holdings	MMT	18.49	18.48	-0.05%
Old Mutual Ltd	OMM	11.98	12.08	0.83%
Sanlam Limited	SLA	59.63	59.49	-0.23%
Santam Limited	SNM	295.20	292.00	-1.08%
Vukile Property Fund Limited	VKN	13.15	13.20	0.38%
Investec Limited	IVD	109.88	110.60	0.66%
PSG Konsult Limited	KFS	12.38	12.69	2.50%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	337.47	333.21	-1.26%
New Gold Palladium ETF	NGNPLD	244.09	247.88	1.55%
New Gold Platinum ETF N	NGNPLT	175.54	171.92	-2.06%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.86	18.91	0.27%

Exchange Rates @ 07:00
USD/NAD	18.40
EUR/NAD	19.90
GBP/NAD	23.26
EUR/GBP	0.85
EUR/USD	1.08
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	141.04
Commodities @ 07:00
Gold	1,947.55
Silver	23.50
Platinum	974.75
Palladium	1.367.00
WTI	68.06
Brent	72.99

Local News

The High Court will today decide whether Menzies should continue offering ground-handling services at the country's biggest airport, or whether it should pack its bags and make way for locally-owned Paragon. (Sun Newspaper)

The Bank of Namibia is expected to throw yet another jab at consumers with the third repo rate announcement of the year this morning. (New Era Newspaper)

The government has set in motion plans to ban single-use plastic by the end of the year. Environment minister Pohamba Shifeta recently told parliament that plastic waste stays on the planet for much longer than anyone may think. (The Namibian Newspaper)

Sub-Sahara News

Health Minister Joe Phaahla says he does not see the NHI Bill changing much in the National Council of Provinces. (News24)

Nigeria’s central bank allowed the naira currency NGN=D1 to drop as much as 36% on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who oversaw much-criticized multiple exchange rates. (CNBC Africa)

Tributes are pouring in for Cameroon's charismatic political leader and chairman of the country's first political party, the Social Democratic Front. The party announced his passing on June 12, 2023, in Yaoundé at the age of 81. (AllAfrica News)

International News

The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year (Reuters News)

Asian stock markets are trading mostly lower on Thursday, following the mostly negative cues from global markets overnight, as traders are nervous over the outlook for interest rates as the Bank of Canada once again raised interest rates after leaving rates unchanged for two straight meetings. (RTT News)

At least 78 people have died and many more are feared missing after a fishing boat carrying refugees and migrants capsized and sank off the southern coast of Greece – one of the worst such disasters this year. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	299,311.00	21,595,324.01	71.43%
ETFs	25,515.00	8,636,827.50	28.57%
Total	324,826.00	30,232,151.51	100.00%

NSX Activities

A total of N$ 21,595,324.01 worth of shares was traded on the NSX on Tuesday with about N$ 2,321,946 worth of shares belonging to Anglo-American plc and N$ 2,182,752 worth of shares belonging to Namibia Breweries on the home front. ETFs worth N$ 8,636,827.50 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Market participants subscribed belonging to Anglo-American as metal prices rebounded, resulting in an increase of 3.5% in the company's stock value at closing
• Market participants actively traded Namibia Breweries shares on the domestic market, resulting in an increase in share price at closing from N$35.99 to N$36.00.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	35.99	36.00	0.03%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.01	41.00	-0.02%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	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%

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	561.47	581.06	3.49%
B2Gold Corporation	B2G	71.32	71.00	-0.45%
Oceana Group Limited	OCG	70.71	71.66	1.34%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	53.99	55.20	2.24%
Nedbank Group Limited	NBK	221.00	225.53	2.05%
Standard Bank Group	SNB	167.34	170.00	1.59%
Shoprite Holdings	SRH	222.22	228.21	2.70%
FirstRand Limited	FST	66.52	68.12	2.41%
Momentum Metropolitan Holdings	MMT	18.17	18.49	1.76%
Old Mutual Ltd	OMM	11.77	11.98	1.78%
Sanlam Limited	SLA	58.90	59.63	1.24%
Santam Limited	SNM	293.50	295.20	0.58%
Vukile Property Fund Limited	VKN	13.04	13.15	0.84%
Investec Limited	IVD	108.68	109.88	1.10%
PSG Konsult Limited	KFS	12.38	12.38	0.00%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	337.05	337.47	0.12%
New Gold Palladium ETF	NGNPLD	241.01	244.09	1.28%
New Gold Platinum ETF N	NGNPLT	176.99	175.54	-0.82%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.63	18.86	1.23%

Exchange Rates @ 07:00
USD/NAD	18.65
EUR/NAD	20.11
GBP/NAD	23.51
EUR/GBP	0.85
EUR/USD	1.07
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	140.09
Commodities @ 07:00
Gold	1,959.35
Silver	23.85
Platinum	981.85
Palladium	1.357.03
WTI	69.66
Brent	74.62

Local News

Cabinet - through finance minister Ipumbu Shiimi - has been accused of bullying NamPower to discontinue the suspension of electricity and to “never” again suspend the supply of utilities to various defaulting local authorities as a means to expedite revenue collection. (Sun Newspaper)

The shortage of medicines and clinical supplies will soon be something of the past as the health ministry started to procure medicine and clinical materials directly from suppliers. (New Era Newspaper)

Officials at the home affairs ministry are reportedly unhappy with the relationship between senior ministry officials and the Chinese government. They are particularly concerned about conditions in the agreement that may disadvantage Namibia. (The Namibian Newspaper)

Sub-Sahara News

Following arguably the strongest US threat yet against South Africa over its relationship with Russia, economists have warned that South Africa risks harsh pain. (News24)

The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off the Federal Reserve to continue raising interest rates, the Labor Department reported Tuesday. (CNBC Africa)

A group of Democratic and Republican members of the U.S. Congress has written to Secretary of State Antony Blinken requesting that the annual Africa Growth and Opportunities Act (Agoa) Forum be moved from South Africa this year (AllAfrica News)

International News

Former U.S. President Donald Trump pleaded not guilty on Tuesday to federal criminal charges that he unlawfully kept national security documents when he left office and lied to officials who sought to recover them. (Reuters News)

Asian stocks turned in a mixed performance on Wednesday as Chinese trade data disappointed and investors awaited cues from key central bank meetings due next week (RTT News)

A top Russian officer has been reported killed in a Ukrainian missile strike during Kyiv’s counteroffensive against Russian forces, a Russian-backed official in Ukraine has said, offering his condolences. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	611,752.00	26,837,718.19	100.00%
ETFs	-	-	0.00%
Total	611,752.00	26,837,718.19	100.00%

NSX Activities

A total of N$ 26,837,718.19 worth of shares was traded on the NSX on Monday with about N$ 3,134,201 worth of shares belonging to Anglo-American plc and N$ 3,540 worth of shares belonging to Mobile Telecommunications Limited on the home front. No ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

• Market participants sold shares belonging to Anglo-American as a significant downside risk to a tight central bank policy, resulting in a decline of 2.9% in the company's stock value.
• Market participants actively traded Mobile Telecommunications Limited shares on the domestic market, resulting in 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	35.99	35.99	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.01	41.01	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	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%

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	577.98	561.47	-2.86%
B2Gold Corporation	B2G	71.99	71.32	-0.93%
Oceana Group Limited	OCG	72.09	70.71	-1.91%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	54.60	53.99	-1.12%
Nedbank Group Limited	NBK	223.08	221.00	-0.93%
Standard Bank Group	SNB	171.95	167.34	-2.68%
Shoprite Holdings	SRH	224.28	222.22	-0.92%
FirstRand Limited	FST	68.04	66.52	-2.23%
Momentum Metropolitan Holdings	MMT	18.07	18.17	0.55%
Old Mutual Ltd	OMM	11.77	11.77	0.00%
Sanlam Limited	SLA	59.08	58.90	-0.30%
Santam Limited	SNM	296.27	293.50	-0.93%
Vukile Property Fund Limited	VKN	12.80	13.04	1.87%
Investec Limited	IVD	109.93	108.68	-1.14%
PSG Konsult Limited	KFS	12.49	12.38	-0.88%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	342.17	337.05	-1.50%
New Gold Palladium ETF	NGNPLD	238.25	241.01	1.16%
New Gold Platinum ETF N	NGNPLT	182.06	176.99	-2.78%
Satrix S&P Namibia Bond ETF)	SXNNAM	18.70	18.63	-0.37%

Exchange Rates @ 07:00
USD/NAD	18.55
EUR/NAD	19.97
GBP/NAD	23.22
EUR/GBP	0.86
EUR/USD	1.07
GBP/USD	1.25
AUD/USD	0.67
USD/JPY	139.45
Commodities @ 07:00
Gold	1,973.93
Silver	24.17
Platinum	998.00
Palladium	1.345.50
WTI	67.40
Brent	72.12

Local News

Following the uproar over the perceived mass exclusion of the numerically dominant tribes of the //Karas Region from the ongoing recruitment of police cadet officers, the government has moved to ensure that all future recruitments comprise 80% of the region’s indigenous communities. (Sun Newspaper)

After being ignored last week, Cabinet again directed national power utility Nampower to discontinue the suspension of electricity for local authorities in arrears. (New Era Newspaper)

The government has ordered a thorough investigation into the source of the dried sedimentation of traditional brewed beer which killed 16 people at Kayova village last week, saying the product should not be sold anymore. (The Namibian Newspaper)

Sub-Sahara News

Eskom has finally put out a request for proposal (RFP) to supply the Gourikwa power plant in Mosselbay and Ankerlig power station in Atlantis with natural gas. (News24)

The South African rand extended gains on Monday, building from the previous week, as investor sentiment towards Africa’s most industrialized economy improved. (CNBC Africa)

Angolan head of State João Lourenço has announced plans for the installation of a cybersecurity academy in the country. (AllAfrica News)

International News

Former President Donald Trump arrived in Miami on Monday to face federal criminal charges, while a new Reuters/Ipsos poll found a vast majority of his fellow Republicans believe the case to be politically motivated. (Reuters News)

Asian markets turned in a mixed performance on Tuesday as weak U.S. data rekindled growth worries and the Reserve Bank of Australia kept the door open to further tightening after unexpectedly raising its key interest rate (RTT News)

Ukraine says it is continuing to make advances against Russian troops occupying its south and east as the early stages of its much-hyped counteroffensive take shape. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	912,802.00	35,235,362.82	100.00%
ETFs	-	-	0.00%
Total	912,802.00	35,235,362.82	100.00%

NSX Activities

A total of N$ 35,235,362.82 worth of shares was traded on the NSX on Friday with about N$ 2,907,573 worth of shares belonging to Shoprite Holdings and N$ 893,239 worth of shares belonging to 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 bought shares belonging to Shoprite Holdings, resulting in a decline of 4.5% in the company's stock value.
• Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in 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	35.99	35.99	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.01	41.01	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	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%

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	583.85	577.98	-1.01%
B2Gold Corporation	B2G	71.54	71.99	0.63%
Oceana Group Limited	OCG	72.79	72.09	-0.96%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	52.60	54.60	3.80%
Nedbank Group Limited	NBK	220.37	223.08	1.23%
Standard Bank Group	SNB	165.25	171.95	4.05%
Shoprite Holdings	SRH	214.52	224.28	4.55%
FirstRand Limited	FST	65.86	68.04	3.31%
Momentum Metropolitan Holdings	MMT	17.95	18.07	0.67%
Old Mutual Ltd	OMM	11.70	11.77	0.60%
Sanlam Limited	SLA	57.80	59.08	2.21%
Santam Limited	SNM	292.97	296.27	1.13%
Vukile Property Fund Limited	VKN	12.70	12.80	0.79%
Investec Limited	IVD	107.84	109.93	1.94%
PSG Konsult Limited	KFS	12.47	12.49	0.16%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	345.25	342.17	-0.89%
New Gold Palladium ETF	NGNPLD	252.04	238.25	-5.47%
New Gold Platinum ETF N	NGNPLT	184.50	182.06	-1.32%
New Funds S&P NAM Bond	NFNAMA	18.60	18.70	0.54%

Exchange Rates @ 07:00
USD/NAD	18.72
EUR/NAD	20.13
GBP/NAD	23.54
EUR/GBP	0.85
EUR/USD	1.07
GBP/USD	1.25
AUD/USD	0.67
USD/JPY	139.48
Commodities @ 07:00
Gold	1,975.90
Silver	24.39
Platinum	1,013.20
Palladium	1.316.00
WTI	70.35
Brent	75.04

Local News

Former Air Namibia employees submitted a petition to the Ministry of Justice, demanding full payment of severance claims agreed to under oath during their involuntary termination following the company's liquidation. (Sun Newspaper)

Secretive defense company August 26 Holdings, which has strenuously and consistently refused to account for public funds, is once again in the red, this time over the alleged disappearance of around N$3 million. Although details around the embezzlement remain sketchy (New Era Newspaper)

Swapo vice president Netumbo Nandi-Ndaitwah says the party members should respect their leaders, including those who contested for the top position but did not make it. (The Namibian Newspaper)

Sub-Sahara News

Eskom's chairman, Mpho Makwana, says blackouts have eased in recent weeks because of the change in the power utility's management structure. (News24)

Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities, and other necessities. (CNBC Africa)

Top EU figures are to meet with the Tunisian president to discuss a rise in attempted migration to Europe. But Kais Saied says his economically stricken country won't act as a "border guard" for the bloc. (AllAfrica News)

International News

Former U.S. President Donald Trump has become the most high-profile person to ever face criminal charges under the Espionage Act for the unlawful retention of sensitive national defense records. (Reuters News)

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders react positively to the resolution of the U.S. debt ceiling crisis after it was signed into law by US President Joe Biden (RTT News)

Iran’s supreme leader, Ayatollah Ali Khamenei, has said claims that Tehran may pursue a nuclear weapon are a false “excuse” that untrustworthy international stakeholders use. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,120,505.00	76,972,800.96	93.43%
ETFs	23,030.00	5,409,863.84	6.57%
Total	1,143,535.00	82,382,664.80	100.00%

NSX Activities

A total of N$ 76,972,800.96 worth of shares was traded on the NSX on Thursday with about N$190,586 worth of shares belonging to Anglo-American plc and N$ 269,066 worth of shares belonging to Capricorn Group Limited on the home front. ETFs worth N$ 5,409,863.84 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold-off to shares belonging to Anglo-American, resulting in a decline of 0.6% in the company's stock value.
• Market participants actively traded Capricorn Group shares on the domestic market, resulting in 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	35.99	35.99	0.00%
Nictus Holdings	NHL	2.20	2.20	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.01	41.01	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.30	11.30	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	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%

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	587.24	583.85	-0.58%
B2Gold Corporation	B2G	73.83	71.54	-3.10%
Oceana Group Limited	OCG	71.69	72.79	1.53%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	51.69	52.60	1.76%
Nedbank Group Limited	NBK	217.17	220.37	1.47%
Standard Bank Group	SNB	163.29	165.25	1.20%
Shoprite Holdings	SRH	214.44	214.52	0.04%
FirstRand Limited	FST	64.77	65.86	1.68%
Momentum Metropolitan Holdings	MMT	17.87	17.95	0.45%
Old Mutual Ltd	OMM	11.57	11.70	1.12%
Sanlam Limited	SLA	56.54	57.80	2.23%
Santam Limited	SNM	289.50	292.97	1.20%
Vukile Property Fund Limited	VKN	12.73	12.70	-0.24%
Investec Limited	IVD	106.31	107.84	1.44%
PSG Konsult Limited	KFS	12.04	12.47	3.57%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	347.83	345.25	-0.74%
New Gold Palladium ETF	NGNPLD	259.43	252.04	-2.85%
New Gold Platinum ETF N	NGNPLT	190.12	184.50	-2.96%
New Funds S&P NAM Bond	NFNAMA	18.63	18.60	-0.16%

Exchange Rates @ 07:00
USD/NAD	18.85
EUR/NAD	20.32
GBP/NAD	23.68
EUR/GBP	0.85
EUR/USD	1.07
GBP/USD	1.25
AUD/USD	0.67
USD/JPY	139.31
Commodities @ 07:00
Gold	1,979.80
Silver	24.40
Platinum	1,017.70
Palladium	1.360.50
WTI	75.31
Brent	75.31

Local News

Swapo secretary-general Sophia Shaningwa on Wednesday told party parliamentarian Tjekero Tweya, who was singing like a canary on State House’s rigid firewall around the green hydrogen deal, that he has said enough about the presidency. (Sun Newspaper)

The directors and management of the national power utility have resolved to proceed with planned power suspensions that commenced on Monday for indebted local authorities as per its debt collection plan. (New Era Newspaper)

The board of directors of the Ministry of Defence and Veterans Affairs company August 26 Logistics has announced the suspension of the company’s managing director, Salatiel Ntinda, and finance manager, Kallie Nel, on allegations of misconduct. (The Namibian Newspaper)

Sub-Sahara News

A fund run by one of South Africa’s largest asset managers has altered its approach on platinum, seeing better returns from betting on the physical metal, while offloading shares in companies that produce it as they grapple with a power crisis. (News24)

Despite a U.S.-U.K. trade deal remaining very much elusive, British Prime Minister Rishi Sunak and President Joe Biden signed a new “Atlantic Declaration” aiming to bolster economic security in the face of threats coming from Russia and China. (CNBC Africa)

The death toll from the cholera outbreak in South Africa has risen to 32, reports EWN. A 42-year-old woman from Parys in the Free State is the second confirmed fatality. The Free State Health Department confirmed the death of the 42-year-old woman a day after laboratory tests identified cholera as the cause (AllAfrica News)

International News

Donald Trump has been indicted by a federal grand jury for retaining classified government documents and obstruction of justice, according to a lawyer for the former U.S. president and another source familiar with the matter. (Reuters News)

Asian stocks advanced on Friday after the U.S. Senate passed a bipartisan bill to raise the debt ceiling into 2025 and cut the deficit, the final hurdle for the U.S. to avoid default on its debt. (RTT News)

Former United States President Donald Trump has alleged on his Truth Social platform that he faces indictment on federal charges that he mishandled classified documents upon exiting the White House (Aljazeera News)