Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,709,222.00	61,468,366.68	100.00%
ETFs	-	-	0.00%
Total	1,709,222.00	61,468,366.68	100.00%

NSX Activities

A total of N$ 61,468,366.68 worth of shares was traded on the NSX on Wednesday with about N$ 3,728,687 worth of shares belonging to Anglo-American plc and N$ 576,046 worth of shares belonging to Oryx Properties Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Market participants subscribed to shares belonging to Anglo-American, resulting in an increase of 0.1% in the company's stock value.
• Market participants actively traded Oryx Properties shares on the domestic market, resulting in a decline in share price by 5.6% 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	41.00	41.01	0.02%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.97	11.30	-5.60%
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	586.80	587.24	0.07%
B2Gold Corporation	B2G	73.70	73.83	0.18%
Oceana Group Limited	OCG	73.70	71.69	-2.73%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	50.44	51.69	2.48%
Nedbank Group Limited	NBK	211.58	217.17	2.64%
Standard Bank Group	SNB	160.40	163.29	1.80%
Shoprite Holdings	SRH	204.34	214.44	4.94%
FirstRand Limited	FST	63.01	64.77	2.79%
Momentum Metropolitan Holdings	MMT	17.36	17.87	2.94%
Old Mutual Ltd	OMM	11.49	11.57	0.70%
Sanlam Limited	SLA	55.62	56.54	1.65%
Santam Limited	SNM	284.16	289.50	1.88%
Vukile Property Fund Limited	VKN	12.77	12.73	-0.31%
Investec Limited	IVD	107.10	106.31	-0.74%
PSG Konsult Limited	KFS	11.90	12.04	1.18%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	350.80	347.83	-0.85%
New Gold Palladium ETF	NGNPLD	261.71	259.43	-0.87%
New Gold Platinum ETF N	NGNPLT	191.40	190.12	-0.67%
New Funds S&P NAM Bond	NFNAMA	18.53	18.63	0.54%

Exchange Rates @ 07:00
USD/NAD	19.02
EUR/NAD	20.43
GBP/NAD	23.76
EUR/GBP	0.86
EUR/USD	1.07
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	139.75
Commodities @ 07:00
Gold	1,961.50
Silver	23.72
Platinum	1,030.20
Palladium	1.390.20
WTI	72.60
Brent	76.98

Local News

NamPower yesterday said that while it received an instruction from Cabinet and the finance minister not to continue with the suspension of power supply to local authorities - which owe the power utility over N$1 billion - its board ignored the directive. (Sun Newspaper)

Interest income has been the main contributor to profits made in recent years by Namibia’s commercial banks. However, these local commercial banks are definitely not compelled to adjust their interest rates in line with quarterly repo rate changes by the Bank of Namibia (BoN). (New Era Newspaper)

The National Petroleum Corporation of Namibia (Namcor) has urged the media and the public to be patient as it will not disclose additional information concerning a N$100-million payment to Sungara Energies for two Angolan oil blocks (The Namibian Newspaper)

Sub-Sahara News

Drinking water quality has deteriorated with nearly half of the sampled municipalities' treatment systems scoring poorly when it comes to removing harmful bacteria in water. (News24)

Google plans to crack down on employees who haven’t been coming into its offices consistently, CNBC has found. (CNBC Africa)

President William Ruto did not waste the opportunity to pitch for the 3 percent Housing Fund levy at National Prayer Breakfast, saying those opposed to it are selfish. (AllAfrica News)

International News

Schools across the U.S. East Coast canceled outdoor activities, airline traffic slowed and millions of Americans were urged to stay indoors on Wednesday as smoke from Canadian wildfires drifted south, blanketing cities in thick, yellow haze. (Reuters News)

Asian stocks rose broadly on Thursday as fears of a U.S. debt default eased and a private survey showed Chinese factory activity unexpectedly swung to growth in May (RTT News)

The world’s second-largest economy has become one of the biggest markets for big-budget Hollywood films, but a racially-charged backlash against Disney’s The Little Mermaid is just the latest example of the price film studios can pay if they offend Chinese sensibilities.. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,443,744.00	182,969,783.34	100.00%
ETFs	-	-	0.00%
Total	2,443,744.00	182,969,783.34	100.00%

NSX Activities

A total of N$ 182,969,783.34 worth of shares was traded on the NSX on Tuesday with about N$18,874,180 worth of shares belonging to Anglo-American plc and N$ 5,399 worth of shares belonging to Namibia Breweries on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Market participants subscribed to shares belonging to Anglo-American, resulting in an increase of 1.4% in the company's stock value.
• 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	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	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.97	11.97	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	578.70	586.80	1.40%
B2Gold Corporation	B2G	73.67	73.70	0.04%
Oceana Group Limited	OCG	72.50	73.70	1.66%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	49.70	50.44	1.49%
Nedbank Group Limited	NBK	211.33	211.58	0.12%
Standard Bank Group	SNB	158.20	160.40	1.39%
Shoprite Holdings	SRH	200.83	204.34	1.75%
FirstRand Limited	FST	62.43	63.01	0.93%
Momentum Metropolitan Holdings	MMT	17.12	17.36	1.40%
Old Mutual Ltd	OMM	11.30	11.49	1.68%
Sanlam Limited	SLA	54.64	55.62	1.79%
Santam Limited	SNM	273.99	284.16	3.71%
Vukile Property Fund Limited	VKN	12.75	12.77	0.16%
Investec Limited	IVD	105.73	107.10	1.30%
PSG Konsult Limited	KFS	11.75	11.90	1.28%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	350.80	350.80	0.00%
New Gold Palladium ETF	NGNPLD	262.31	261.71	-0.23%
New Gold Platinum ETF N	NGNPLT	190.29	191.40	0.58%
New Funds S&P NAM Bond	NFNAMA	18.26	18.53	1.48%

Exchange Rates @ 07:00
USD/NAD	19.25
EUR/NAD	20.57
GBP/NAD	23.91
EUR/GBP	0.86
EUR/USD	1.06
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	139.22
Commodities @ 07:00
Gold	1,979.10
Silver	23.60
Platinum	1,042.60
Palladium	1.415.78
WTI	71.27
Brent	75.77

Local News

May saw significant declines in international prices for wheat, maize, vegetable oils, and cheese, while rice, sugar, and meat prices increased. (Sun Newspaper)

President Hage Geingob yesterday said Namibia remains open for business to those who see the country as an attractive investment destination. (New Era Newspaper)

The United Nations Population Fund (UNFPA) says 43% of the country’s population is experiencing multidimensional poverty. (The Namibian Newspaper)

Sub-Sahara News

Despite record levels of load shedding, all energy-intensive sectors in the economy – including mining, manufacturing, and construction – grew in the first quarter of this year, new GDP numbers show. (News24)

The World Bank on Tuesday raised its 2023 global growth forecast as the U.S. and other major economies have proven more resilient than forecast, but said higher interest rates would cause a larger-than-expected drag next year. (CNBC Africa)

The African Continental Free Trade Area accord is one of the most critical developments in African trade and integration, says the executive director of the International Trade Centre (ITC), the UN agency supporting small business. (AllAfrica News)

International News

About 42,000 people are at risk from flooding in Russian- and Ukrainian-controlled areas along the Dnipro River after a dam collapsed, as the U.N. aid chief warned of "grave and far-reaching consequences". (Reuters News)

European stocks were moving lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks. (RTT News)

United States Secretary of State Antony Blinken has held talks with Saudi Arabian Crown Prince Mohammed bin Salman at the start of a diplomatic mission aimed at steadying relations between Washington and the oil-rich kingdom after years of deepening disagreements on issues ranging from human rights to Iran and regional security to oil prices. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	64,661.00	4,620,616.79	83.70%
ETFs	3,801.00	899,578.84	16.30%
Total	68,462.00	5,520,195.63	100.00%

NSX Activities

A total of N$ 4,620,616.79 worth of shares was traded on the NSX on Monday with about N$ 477,586 worth of shares belonging to Anglo-American plc and N$ 200,652 worth of shares belonging to Capricorn Group Limited on the home front. ETFs worth N$ 899,578.84 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold off shares belonging to Anglo-American, resulting in a decrease of 1.9% 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	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.97	11.97	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	589.77	578.70	-1.88%
B2Gold Corporation	B2G	73.85	73.67	-0.24%
Oceana Group Limited	OCG	71.15	72.50	1.90%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	48.77	49.70	1.91%
Nedbank Group Limited	NBK	207.51	211.33	1.84%
Standard Bank Group	SNB	155.17	158.20	1.95%
Shoprite Holdings	SRH	199.28	200.83	0.78%
FirstRand Limited	FST	61.55	62.43	1.43%
Momentum Metropolitan Holdings	MMT	16.98	17.12	0.82%
Old Mutual Ltd	OMM	11.17	11.30	1.16%
Sanlam Limited	SLA	53.87	54.64	1.43%
Santam Limited	SNM	272.41	273.99	0.58%
Vukile Property Fund Limited	VKN	12.70	12.75	0.39%
Investec Limited	IVD	105.67	105.73	0.06%
PSG Konsult Limited	KFS	11.77	11.75	-0.17%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	357.18	350.80	-1.79%
New Gold Palladium ETF	NGNPLD	268.79	262.31	-2.41%
New Gold Platinum ETF N	NGNPLT	189.45	190.29	0.44%
New Funds S&P NAM Bond	NFNAMA	18.34	18.26	-0.44%

Exchange Rates @ 07:00
USD/NAD	19.24
EUR/NAD	20.63
GBP/NAD	23.95
EUR/GBP	0.86
EUR/USD	1.07
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	139.32
Commodities @ 07:00
Gold	1,975.70
Silver	23.66
Platinum	1,038.25
Palladium	1.415.78
WTI	71.64
Brent	76.25

Local News

Andrada Mining Ltd’s shares commence trading today on the OTCQB to access US retail investors and to broaden the shareholder register. (Sun Newspaper)

The Namibia Financial Institutions Union (Nafinu), the largest trade union representing workers in the local financial sector, has come out guns blazing against Nedbank Namibia, accusing the bank of being the worst employer in the sector and not respecting local labor laws. (New Era Newspaper)

In the face of Namibia’s 300 000-unit housing backlog, the Ministry of Urban and Rural Development has failed to meet a target to deliver 5 000 homes annually. (The Namibian Newspaper)

Sub-Sahara News

Minister of Electricity Kgosientsho Ramokgopa says crime and corruption are at the heart of Eskom problems (News24)

The South African rand gained more than 1% against the dollar on Monday, despite an economic survey that showed business activity was at an almost two-year low. (CNBC Africa)

The agricultural sector is a significant contributor to global greenhouse gas emissions, responsible for an estimated 19-29 percent, according to the World Bank. This figure climbs to 40 percent of emissions produced throughout the entire agricultural value chain - encompassing transportation, storage, and processing – are considered. (AllAfrica News)

International News

Ukraine and Russia accused each other on Tuesday of blowing up a dam and causing widespread flooding in southern Ukraine, while Russia said it had thwarted another Ukrainian offensive in eastern Donetsk and inflicted heavy losses. (Reuters News)

Asian stocks ended mixed on Tuesday, as concerns China's economic recovery is losing steam and signs of rising tensions between Washington and Beijing offset investor optimism over the agreement of a deal to raise the U.S. debt ceiling and avert default. (RTT News)

Officials from the United States had “candid and productive discussions” with Chinese diplomats in Beijing, the US Department of State has said, amid rising tensions between the two countries. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	142,216.00	6,645,521.46	100.00%
ETFs	-	-	0.00%
Total	142,216.00	6,645,521.46	100.00%

NSX Activities

A total of N$ 6,645,521.46 worth of shares was traded on the NSX on Friday with about N$ 113,340 worth of shares belonging to Anglo-American plc and N$ 93,800 worth of shares belonging to Capricorn Group Limited on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Market participants subscribed to Anglo-American shares, leading to a 4.2% increase 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	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.00	7.00	0.00%
Oryx Limited	ORY	11.97	11.97	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	565.87	589.77	4.22%
B2Gold Corporation	B2G	73.24	73.85	0.83%
Oceana Group Limited	OCG	71.72	71.15	-0.79%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	49.09	48.77	-0.65%
Nedbank Group Limited	NBK	208.50	207.51	-0.47%
Standard Bank Group	SNB	152.90	155.17	1.48%
Shoprite Holdings	SRH	196.27	199.28	1.53%
FirstRand Limited	FST	61.18	61.55	0.60%
Momentum Metropolitan Holdings	MMT	16.65	16.98	1.98%
Old Mutual Ltd	OMM	10.95	11.17	2.01%
Sanlam Limited	SLA	52.69	53.87	2.24%
Santam Limited	SNM	269.40	272.41	1.12%
Vukile Property Fund Limited	VKN	12.46	12.70	1.93%
Investec Limited	IVD	104.55	105.67	1.07%
PSG Konsult Limited	KFS	11.65	11.77	1.03%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	361.53	357.18	-1.20%
New Gold Palladium ETF	NGNPLD	263.03	268.79	2.19%
New Gold Platinum ETF N	NGNPLT	190.32	189.45	-0.46%
New Funds S&P NAM Bond	NFNAMA	18.27	18.34	0.38%

Exchange Rates @ 07:00
USD/NAD	19.52
EUR/NAD	20.88
GBP/NAD	24.26
EUR/GBP	0.86
EUR/USD	1.06
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	140.13
Commodities @ 07:00
Gold	1,966.05
Silver	23.59
Platinum	1,009.80
Palladium	1.424.28
WTI	72.64
Brent	77.00

Local News

Operations at the Chinese lithium miner Xinfeng's open pit mine, about 70 km outside Uis, continue. Along the dirt road to Henties Bay and then deep into the open Namib Desert plains of the Tsiseb conservation area, mechanical diggers extract cavities from the earth. (Sun Newspaper)

The developer of a massive green hydrogen project, Hyphen Hydrogen Energy, will provide for the housing needs of employees involved in the much-hyped project. (New Era Newspaper)

Minister of Mines and Energy Tom Alweendo has confirmed that while existing mining and exploration contracts will remain unaffected, the government is contemplating the possibility of requiring a minimum equity stake through a public enterprise in future mineral and petroleum licences. (The Namibian Newspaper)

Sub-Sahara News

Residents at Balwin's luxury Munyaka, Kikuyu, Huntsman, and The Jade estates say they are fed up with leaks, damps, mold, and frequent water and electricity interruptions. (News24)

The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to change course with its rate-hiking cycle. (CNBC Africa)

Police are seeking to arrest an Eskom power utility executive who holds a top-secret security clearance, suspecting their involvement in orchestrating breakdowns at specific power stations (AllAfrica News)

International News

The U.S. Navy has released a video of what is called an "unsafe interaction" in the Taiwan Strait, in which a Chinese warship crossed in front of a U.S. destroyer in the sensitive waterway, a risky incident amid deteriorating Sino-U.S. ties. (Reuters News)

European shares rose on Monday after U.S. lawmakers reached a tentative debt limit deal to avert a fast-approaching default in early June. (RTT News)

Russia has said its forces thwarted a major Ukrainian offensive in the Ukrainian region of Donetsk, killing 250 Ukrainian troops and destroying tanks and armored vehicles (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	84,828.00	7,405,029.24	59.24%
ETFs	26,700.00	5,094,424.08	40.76%
Total	111,528.00	12,499,453.32	100.00%

NSX Activities

A total of N$ 7,405,029.24 worth of shares was traded on the NSX on Thursday with about N$ 1,227,101 worth of shares belonging to Anglo-American plc and N$ 22,000 worth of shares belonging to Nictus Holdings on the home front. ETFs worth N$ 5,094,424.08 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold off Anglo-American shares, leading to a 3.1% increase in the company's stock value.
• Market participants actively traded Nictus Holdings shares on the domestic market, resulting in a significant surge of 15.79% in share price at closing.
• New Gold Platinum ETF N was traded resulting in a continuous decline in 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	1.90	2.20	15.79%
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	11.97	11.97	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	549.09	565.87	3.06%
B2Gold Corporation	B2G	72.01	73.24	1.71%
Oceana Group Limited	OCG	72.33	71.72	-0.84%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	47.65	49.09	3.02%
Nedbank Group Limited	NBK	208.17	208.50	0.16%
Standard Bank Group	SNB	151.54	152.90	0.90%
Shoprite Holdings	SRH	195.20	196.27	0.55%
FirstRand Limited	FST	60.27	61.18	1.51%
Momentum Metropolitan Holdings	MMT	16.90	16.65	-1.48%
Old Mutual Ltd	OMM	10.67	10.95	2.62%
Sanlam Limited	SLA	51.90	52.69	1.52%
Santam Limited	SNM	260.50	269.40	3.42%
Vukile Property Fund Limited	VKN	12.09	12.46	3.06%
Investec Limited	IVD	99.34	104.55	5.24%
PSG Konsult Limited	KFS	11.48	11.65	1.48%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	362.20	361.53	-0.18%
New Gold Palladium ETF	NGNPLD	261.73	263.03	0.50%
New Gold Platinum ETF N	NGNPLT	190.99	190.32	-0.35%
New Funds S&P NAM Bond	NFNAMA	18.28	18.27	-0.05%

Exchange Rates @ 07:00
USD/NAD	19.57
EUR/NAD	21.09
GBP/NAD	24.55
EUR/GBP	0.85
EUR/USD	1.07
GBP/USD	1.25
AUD/USD	0.66
USD/JPY	138.82
Commodities @ 07:00
Gold	1,995.90
Silver	24.020
Platinum	1,016.10
Palladium	1.401.53
WTI	70.76
Brent	75.00

Local News

A special Swapo politburo meeting has been called for Monday, following what has been described as an explosive meeting of the party’s top four leaders on Wednesday to discuss a recent Supreme Court ruling that compels the government to recognize foreign same-sex spouses married to Namibians in terms of the country's immigration laws (Sun Newspaper)

The outcry by traditional authorities in the Omaheke region for decent office space to run their affairs has finally been answered with the announcement that the Omaheke Regional Council has secured N$17 million for the construction of three office blocks. (New Era Newspaper)

The Swapo-backed Namibia Food and Allied Workers Union (Nafau) has failed to account for over N$20 million in union funds, including N$7 million in workers’ contributions. (The Namibian Newspaper)

Sub-Sahara News

An omnibus bill that will give Eskom expropriation powers and will enable appeals against adverse environmental decisions is in the pipeline. (News24)

Ghanaian labour unions have asked the government for time to assess a proposal presented on Thursday to restructure pension funds worth around 30 billion Ghanaian cedis ($2.7 billion). (CNBC Africa)

Marén de Klerk, the self-proclaimed paymaster in Namibia's "Fishrot" corruption case, has been arrested in Paarl, South Africa (AllAfrica News)

International News

The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. (Reuters News)

Asian stocks ended Friday's session broadly higher after reports suggested U.S. lawmakers are inching closer to an agreement that would raise the debt limit for about two years and cap federal spending at the same level as fiscal 2023 for two years. (RTT News)

At least nine people were killed in Senegal in clashes between riot police and supporters of opposition leader Ousmane Sonko following a court sentencing him to two years in jail, the country’s interior ministry said (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	108,617.00	9,885,837.63	31.27%
ETFs	79,308.00	21,732,554.56	68.73%
Total	187,925.00	31,618,392.19	100.00%

NSX Activities

A total of N$ 9,885,837.63 worth of shares was traded on the NSX on Tuesday with about N$ 3,832,942 worth of shares belonging to Anglo-American plc and N$ 16,800 worth of shares belonging to Capricorn Group Limited on the home front. ETFs worth N$ 21,732,554.56 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Market participants sold off Anglo-American shares, leading to a -2.2% decline in the company's stock value.
• Market participants actively traded Capricorn Group shares on the domestic market, resulting in no change in share price.
• All ETFs were actively traded resulting in mixed market behavior as investors readjust their portfolio

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	1.90	1.90	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	11.97	11.97	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	7.10	7.08	-0.28%
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	571.22	558.50	-2.23%
B2Gold Corporation	B2G	73.69	74.06	0.50%
Oceana Group Limited	OCG	70.25	72.50	3.20%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	48.87	47.17	-3.48%
Nedbank Group Limited	NBK	209.40	205.55	-1.84%
Standard Bank Group	SNB	151.64	149.10	-1.68%
Shoprite Holdings	SRH	200.56	194.40	-3.07%
FirstRand Limited	FST	60.21	59.47	-1.23%
Momentum Metropolitan Holdings	MMT	17.75	17.58	-0.96%
Old Mutual Ltd	OMM	10.71	10.76	0.47%
Sanlam Limited	SLA	52.61	51.84	-1.46%
Santam Limited	SNM	263.30	260.00	-1.25%
Vukile Property Fund Limited	VKN	11.94	12.09	1.26%
Investec Limited	IVD	101.53	99.42	-2.08%
PSG Konsult Limited	KFS	11.70	11.85	1.28%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	356.46	359.35	0.81%
New Gold Palladium ETF	NGNPLD	270.42	265.73	-1.73%
New Gold Platinum ETF N	NGNPLT	194.97	193.68	-0.66%
New Funds S&P NAM Bond	NFNAMA	18.35	18.30	-0.27%

Exchange Rates @ 07:00
USD/NAD	19.77
EUR/NAD	21.13
GBP/NAD	24.48
EUR/GBP	0.86
EUR/USD	1.06
GBP/USD	1.23
AUD/USD	0.64
USD/JPY	139.44
Commodities @ 07:00
Gold	1,978.75
Silver	23.55
Platinum	1,017.95
Palladium	1.408.03
WTI	69.19
Brent	73.44

Local News

Angolan national oil company Sonangol has refunded N$524 million to Sungara Energies, a London-based joint venture entity co-owned by the National Petroleum Corporation of Namibia (Namcor). This after allegations that the money paid to the Angolan entity was not appropriately approved in Namibia (Sun Newspaper)

A fresh tug-of-war has erupted between MTC and the industry regulator, the Communication Regulatory Authority of Namibia, in the protracted legal tussles between the two parastatals. (New Era Newspaper)

The government said it has to cautiously ponder the acquisition of a 24% equity stake in Hyphen Hydrogen Energy, as it grapples with concerns about the economic viability of the venture. (The Namibian Newspaper)

Sub-Sahara News

Volume declines and a profit squeeze saw shares in Tiger Brands crashing more than 16% on Tuesday as it grappled with the worst consumer environment in 25 years and made plans to deal with Stage 10 load shedding. (News24)

The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa’s economic powerhouse confronts high debts and a weakening currency. (CNBC Africa)

Officials from Blantyre District Health Office say over 3000 girls and women carried out unsafe abortions in Blantyre in the year 2022, leading to four deaths, renewing calls for legalization of abortion in the country. (AllAfrica News)

International News

The Qatari prime minister held secret talks with the supreme leader of the Taliban this month on resolving tension with the international community, a source briefed on the meeting said, signaling a new willingness by Afghanistan's rulers to discuss ways to end their isolation (Reuters News)

European stocks tumbled on Wednesday as U.S. debt ceiling talks dragged on and investors waited for the minutes from the Federal Reserve's meeting earlier in May for additional clues on the Fed's rate hike path. (RTT News)

North Korea’s attempt to launch its first military spy satellite has ended in failure after the rocket “crashed into the sea” and Seoul recovered some of the debris, state media said. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	433,361.00	33,235,545.75	100.00%
ETFs	-	-	0.00%
Total	433,361.00	33,235,545.75	100.00%

NSX Activities

A total of N$ 33,235,545.75 worth of shares was traded on the NSX on Monday with about N$24,173,750 worth of shares belonging to Anglo-American plc and N$7,350 worth of shares belonging to SBN Holdings Ltd on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Market participants engaged in the acquisition of Anglo-American shares, leading to a 1.4% surge in the company's stock value.
• Market participants actively sold-off SBN Holdings Ltd shares on the domestic market, resulting in the closing share price declining by 12.4%

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	1.90	1.90	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.99	7.00	-12.39%
Oryx Limited	ORY	11.99	11.97	-0.17%
Letshego	LHN	3.95	3.75	-5.06%
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	7.10	7.10	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	563.24	571.22	1.42%
B2Gold Corporation	B2G	73.22	73.69	0.64%
Oceana Group Limited	OCG	69.75	70.25	0.72%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	49.20	48.87	-0.67%
Nedbank Group Limited	NBK	209.11	209.40	0.14%
Standard Bank Group	SNB	153.17	151.64	-1.00%
Shoprite Holdings	SRH	201.78	200.56	-0.60%
FirstRand Limited	FST	60.42	60.21	-0.35%
Momentum Metropolitan Holdings	MMT	17.72	17.75	0.17%
Old Mutual Ltd	OMM	10.85	10.71	-1.29%
Sanlam Limited	SLA	52.72	52.61	-0.21%
Santam Limited	SNM	260.58	263.30	1.04%
Vukile Property Fund Limited	VKN	11.96	11.94	-0.17%
Investec Limited	IVD	102.41	101.53	-0.86%
PSG Konsult Limited	KFS	11.75	11.70	-0.43%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	354.28	356.46	0.62%
New Gold Palladium ETF	NGNPLD	272.46	270.42	-0.75%
New Gold Platinum ETF N	NGNPLT	193.87	194.97	0.57%
New Funds S&P NAM Bond	NFNAMA	18.25	18.35	0.55%

Exchange Rates @ 07:00
USD/NAD	19.76
EUR/NAD	21.12
GBP/NAD	24.37
EUR/GBP	0.86
EUR/USD	1.06
GBP/USD	1.23
AUD/USD	0.65
USD/JPY	140.72
Commodities @ 07:00
Gold	1,950.75
Silver	23.10
Platinum	1,032.50
Palladium	1.429.50
WTI	72.30
Brent	76.52

Local News

In what some have described as defying the regulator, MTC yesterday afternoon said it will continue capturing biometric data of its customers as part of its SIM registration process, despite the Communication Regulatory Authority of Namibia (CRAN) ordering telecommunications operators to cease this process because the country has no data protection legislative framework. (Sun Newspaper)

The Southern African Customs Union (SACU) Secretariat, in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, and the United Nations Development Programme (UNDP), will host an information sharing workshop on the AfCFTA and a regional dialogue on emerging market opportunities for the SACU region (New Era Newspaper)

The Namibian Police have revealed that a nationwide recruitment drive for 1 000 cadet constables has attracted 42 967 applications (The Namibian Newspaper)

Sub-Sahara News

A decade after it subcontracted work to a politically connected company, US consultancy firm Gartner has been fined around R50 million for a "corrupt arrangement" linked to the SA Revenue Service. (News24)

Nigeria’s new President Bola Tinubu vowed at his swearing-in on Monday to expand the economy by at least 6% a year, lift barriers to investment, create jobs and unify the exchange rate, while also tackling rampant insecurity. (CNBC Africa)

United Nations International Children's Emergency Fund (UNICEF) has launched 'Oky Kenya', an adapted version of the world's first-period tracker offline app, specifically designed for girls living in low- and middle-income countries like Kenya. (AllAfrica News)

International News

The last great hope for China's faltering post-pandemic rally is fading as the nation's legion of small-time investors turns bearish on equities to double down instead on safer assets amid a stuttering economic recovery. (Reuters News)

European stocks are seen opening broadly higher on Tuesday as the U.S. debt ceiling deal readies for a vote (RTT News)

China has launched a spacecraft taking three new astronauts, including the country’s first civilian, to its space station. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	182,540.00	71,284,121.63	99.02%
ETFs	1,983.00	703,429.59	0.98%
Total	184,523.00	71,987,551.22	100.00%

NSX Activities

A total of N$ 71,284,121.63 worth of shares was traded on the NSX on Friday with about N$ 68,890,558 worth of shares belonging to Anglo-American plc and N$ 207,210 worth of shares belonging to Capricorn Group on the home front. ETFs worth N$ 703,429.59 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Market participants engaged in the acquisition of Anglo-American shares, leading to a 1.9% surge in the company's stock value.
• Market participants actively traded Capricorn Group's shares on the domestic market, resulting in the closing share price remaining unchanged
• Market participants divested from New Gold Issuer Ltd NM ETF as they assess portfolio risk.

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	1.90	1.90	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	41.00	41.00	0.00%
Standard Bank Namibia	SNO	7.99	7.99	0.00%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.94	3.94	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	7.10	7.10	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	552.70	563.24	1.91%
B2Gold Corporation	B2G	73.78	73.22	-0.76%
Oceana Group Limited	OCG	68.82	69.75	1.35%
Mediclinic International Plc	MEP	118.30	118.30	0.00%
Truworths	TRW	50.47	49.20	-2.52%
Nedbank Group Limited	NBK	210.72	209.11	-0.76%
Standard Bank Group	SNB	153.60	153.17	-0.28%
Shoprite Holdings	SRH	201.67	201.78	0.05%
FirstRand Limited	FST	60.80	60.42	-0.62%
Momentum Metropolitan Holdings	MMT	17.66	17.72	0.34%
Old Mutual Ltd	OMM	11.20	10.85	-3.13%
Sanlam Limited	SLA	52.81	52.72	-0.17%
Santam Limited	SNM	260.00	260.58	0.22%
Vukile Property Fund Limited	VKN	11.95	11.96	0.08%
Investec Limited	IVD	103.60	102.41	-1.15%
PSG Konsult Limited	KFS	11.80	11.75	-0.42%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	356.77	354.28	-0.70%
New Gold Palladium ETF	NGNPLD	268.21	272.46	1.58%
New Gold Platinum ETF N	NGNPLT	195.04	193.87	-0.60%
New Funds S&P NAM Bond	NFNAMA	18.30	18.25	-0.27%

Exchange Rates @ 07:00
USD/NAD	19.67
EUR/NAD	21.12
GBP/NAD	24.31
EUR/GBP	0.86
EUR/USD	1.07
GBP/USD	1.23
AUD/USD	0.65
USD/JPY	140.37
Commodities @ 07:00
Gold	1,963.40
Silver	23.37
Platinum	1,030.64
Palladium	1.030.90
WTI	73.27
Brent	77.56

Local News

Cabinet this week approved a highly-anticipated green hydrogen feasibility and implementation agreement (FIA) with Hyphen Namibia. (Sun Newspaper)

The Ministry of Health on Wednesday confirmed the presence of Crimean-Congo Hemorrhagic Fever (CCHF) also known as Congo Fever in the country after a male patient died on Thursday last week. (New Era Newspaper)

The Namibia Financial Institutions Supervisory Authority (Namfisa) has called for the separation of a controversial pension preservation clause from the Financial Institutions and Markets Act (Fima). (The Namibian Newspaper)

Sub-Sahara News

Prosecutors are seeking to seize millions of rand from disbarred financial advisor Jacobus Geldenhuis, who the State says solicited almost R500 million in investments despite his company not having an operating license. (News24)

South African President Cyril Ramaphosa transferred some key power procurement functions to his electricity minister on Friday, taking them away from the energy minister who has been criticized for acting too slowly over the worst blackouts the country has experienced. (CNBC Africa)

Buhari's administration is characterized by many instances of injustice and illegality that Mr. Tinubu should not emulate. (AllAfrica News)

International News

Japan on Monday put its ballistic missile defenses on alert and warned that it would shoot down any projectile that threatened its territory after North Korea notified it of a satellite launch between May 31 and June 11. (Reuters News)

European stocks may open on a firm note Monday despite the U.S. debt ceiling stalemate and renewed uncertainty about the Fed's rate path. (RTT News)

Several explosions have rocked the Ukrainian capital, Kyiv, according to officials, in the 15th Russian air attack on the city this month and the second overnight attack in a row. (Aljazeera News)