Category: Equity Market Research




NSX DAILY UPDATE (09 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 912,802.00 35,235,362.82100.00%
ETFs -   -  0.00%
Total 912,802.00 35,235,362.82100.00%
Table 1: NSX Trades

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.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0141.010.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

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NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM583.85577.98-1.01%
B2Gold CorporationB2G71.5471.990.63%
Oceana Group LimitedOCG72.7972.09-0.96%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW52.6054.603.80%
Nedbank Group LimitedNBK220.37223.081.23%
Standard Bank GroupSNB165.25171.954.05%
Shoprite HoldingsSRH214.52224.284.55%
FirstRand LimitedFST65.8668.043.31%
Momentum Metropolitan HoldingsMMT17.9518.070.67%
Old Mutual LtdOMM11.7011.770.60%
Sanlam LimitedSLA57.8059.082.21%
Santam LimitedSNM292.97296.271.13%
Vukile Property Fund LimitedVKN12.7012.800.79%
Investec LimitedIVD107.84109.931.94%
PSG Konsult LimitedKFS12.4712.490.16%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD345.25342.17-0.89%
New Gold Palladium ETFNGNPLD252.04238.25-5.47%
New Gold Platinum ETF NNGNPLT184.50182.06-1.32%
New Funds S&P NAM BondNFNAMA18.6018.700.54%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.72
EUR/NAD20.13
GBP/NAD23.54
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.25
AUD/USD0.67
USD/JPY139.48
Commodities @ 07:00 
Gold1,975.90
Silver24.39
Platinum1,013.20
Palladium1.316.00
WTI70.35
Brent75.04
Table 5: Exchange Rates and Commodities 

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 DAILY UPDATES (08 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,120,505.00 76,972,800.9693.43%
ETFs 23,030.00 5,409,863.846.57%
Total 1,143,535.00 82,382,664.80100.00%
Table 1: NSX Trades

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.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0141.010.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

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NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM587.24583.85-0.58%
B2Gold CorporationB2G73.8371.54-3.10%
Oceana Group LimitedOCG71.6972.791.53%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW51.6952.601.76%
Nedbank Group LimitedNBK217.17220.371.47%
Standard Bank GroupSNB163.29165.251.20%
Shoprite HoldingsSRH214.44214.520.04%
FirstRand LimitedFST64.7765.861.68%
Momentum Metropolitan HoldingsMMT17.8717.950.45%
Old Mutual LtdOMM11.5711.701.12%
Sanlam LimitedSLA56.5457.802.23%
Santam LimitedSNM289.50292.971.20%
Vukile Property Fund LimitedVKN12.7312.70-0.24%
Investec LimitedIVD106.31107.841.44%
PSG Konsult LimitedKFS12.0412.473.57%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD347.83345.25-0.74%
New Gold Palladium ETFNGNPLD259.43252.04-2.85%
New Gold Platinum ETF NNGNPLT190.12184.50-2.96%
New Funds S&P NAM BondNFNAMA18.6318.60-0.16%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.85
EUR/NAD20.32
GBP/NAD23.68
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.25
AUD/USD0.67
USD/JPY139.31
Commodities @ 07:00 
Gold1,979.80
Silver24.40
Platinum1,017.70
Palladium1.360.50
WTI75.31
Brent75.31
Table 5: Exchange Rates and Commodities 

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)

NSX DAILY UPDATES (07 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,709,222.00 61,468,366.68100.00%
ETFs -   -  0.00%
Total 1,709,222.00 61,468,366.68100.00%
Table 1: NSX Trades

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.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.010.02%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.9711.30-5.60%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM586.80587.240.07%
B2Gold CorporationB2G73.7073.830.18%
Oceana Group LimitedOCG73.7071.69-2.73%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW50.4451.692.48%
Nedbank Group LimitedNBK211.58217.172.64%
Standard Bank GroupSNB160.40163.291.80%
Shoprite HoldingsSRH204.34214.444.94%
FirstRand LimitedFST63.0164.772.79%
Momentum Metropolitan HoldingsMMT17.3617.872.94%
Old Mutual LtdOMM11.4911.570.70%
Sanlam LimitedSLA55.6256.541.65%
Santam LimitedSNM284.16289.501.88%
Vukile Property Fund LimitedVKN12.7712.73-0.31%
Investec LimitedIVD107.10106.31-0.74%
PSG Konsult LimitedKFS11.9012.041.18%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD350.80347.83-0.85%
New Gold Palladium ETFNGNPLD261.71259.43-0.87%
New Gold Platinum ETF NNGNPLT191.40190.12-0.67%
New Funds S&P NAM BondNFNAMA18.5318.630.54%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.02
EUR/NAD20.43
GBP/NAD23.76
EUR/GBP0.86
EUR/USD1.07
GBP/USD1.24
AUD/USD0.66
USD/JPY139.75
Commodities @ 07:00 
Gold1,961.50
Silver23.72
Platinum1,030.20
Palladium1.390.20
WTI72.60
Brent76.98
Table 5: Exchange Rates and Commodities 

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 DAILY UPDATES (06 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 2,443,744.00 182,969,783.34100.00%
ETFs -   -  0.00%
Total 2,443,744.00 182,969,783.34100.00%
Table 1: NSX Trades

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.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.9711.970.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM578.70586.801.40%
B2Gold CorporationB2G73.6773.700.04%
Oceana Group LimitedOCG72.5073.701.66%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW49.7050.441.49%
Nedbank Group LimitedNBK211.33211.580.12%
Standard Bank GroupSNB158.20160.401.39%
Shoprite HoldingsSRH200.83204.341.75%
FirstRand LimitedFST62.4363.010.93%
Momentum Metropolitan HoldingsMMT17.1217.361.40%
Old Mutual LtdOMM11.3011.491.68%
Sanlam LimitedSLA54.6455.621.79%
Santam LimitedSNM273.99284.163.71%
Vukile Property Fund LimitedVKN12.7512.770.16%
Investec LimitedIVD105.73107.101.30%
PSG Konsult LimitedKFS11.7511.901.28%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD350.80350.800.00%
New Gold Palladium ETFNGNPLD262.31261.71-0.23%
New Gold Platinum ETF NNGNPLT190.29191.400.58%
New Funds S&P NAM BondNFNAMA18.2618.531.48%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.25
EUR/NAD20.57
GBP/NAD23.91
EUR/GBP0.86
EUR/USD1.06
GBP/USD1.24
AUD/USD0.66
USD/JPY139.22
Commodities @ 07:00 
Gold1,979.10
Silver23.60
Platinum1,042.60
Palladium1.415.78
WTI71.27
Brent75.77
Table 5: Exchange Rates and Commodities

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 DAILY UPDATES (05 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 64,661.00 4,620,616.7983.70%
ETFs 3,801.00 899,578.8416.30%
Total 68,462.00 5,520,195.63100.00%
Table 1: NSX Trades

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.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.9711.970.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM589.77578.70-1.88%
B2Gold CorporationB2G73.8573.67-0.24%
Oceana Group LimitedOCG71.1572.501.90%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW48.7749.701.91%
Nedbank Group LimitedNBK207.51211.331.84%
Standard Bank GroupSNB155.17158.201.95%
Shoprite HoldingsSRH199.28200.830.78%
FirstRand LimitedFST61.5562.431.43%
Momentum Metropolitan HoldingsMMT16.9817.120.82%
Old Mutual LtdOMM11.1711.301.16%
Sanlam LimitedSLA53.8754.641.43%
Santam LimitedSNM272.41273.990.58%
Vukile Property Fund LimitedVKN12.7012.750.39%
Investec LimitedIVD105.67105.730.06%
PSG Konsult LimitedKFS11.7711.75-0.17%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD357.18350.80-1.79%
New Gold Palladium ETFNGNPLD268.79262.31-2.41%
New Gold Platinum ETF NNGNPLT189.45190.290.44%
New Funds S&P NAM BondNFNAMA18.3418.26-0.44%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.24
EUR/NAD20.63
GBP/NAD23.95
EUR/GBP0.86
EUR/USD1.07
GBP/USD1.24
AUD/USD0.66
USD/JPY139.32
Commodities @ 07:00 
Gold1,975.70
Silver23.66
Platinum1,038.25
Palladium1.415.78
WTI71.64
Brent76.25
Table 5: Exchange Rates and Commodities 

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 DAILY UPDATE (02 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 142,216.00 6,645,521.46100.00%
ETFs -   -  0.00%
Total 142,216.00 6,645,521.46100.00%
Table 1: NSX Trades

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.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.9711.970.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM565.87589.774.22%
B2Gold CorporationB2G73.2473.850.83%
Oceana Group LimitedOCG71.7271.15-0.79%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW49.0948.77-0.65%
Nedbank Group LimitedNBK208.50207.51-0.47%
Standard Bank GroupSNB152.90155.171.48%
Shoprite HoldingsSRH196.27199.281.53%
FirstRand LimitedFST61.1861.550.60%
Momentum Metropolitan HoldingsMMT16.6516.981.98%
Old Mutual LtdOMM10.9511.172.01%
Sanlam LimitedSLA52.6953.872.24%
Santam LimitedSNM269.40272.411.12%
Vukile Property Fund LimitedVKN12.4612.701.93%
Investec LimitedIVD104.55105.671.07%
PSG Konsult LimitedKFS11.6511.771.03%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD361.53357.18-1.20%
New Gold Palladium ETFNGNPLD263.03268.792.19%
New Gold Platinum ETF NNGNPLT190.32189.45-0.46%
New Funds S&P NAM BondNFNAMA18.2718.340.38%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.52
EUR/NAD20.88
GBP/NAD24.26
EUR/GBP0.86
EUR/USD1.06
GBP/USD1.24
AUD/USD0.66
USD/JPY140.13
Commodities @ 07:00 
Gold1,966.05
Silver23.59
Platinum1,009.80
Palladium1.424.28
WTI72.64
Brent77.00
Table 5: Exchange Rates and Commodities

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 DAILY UPDATE (01 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 84,828.00 7,405,029.2459.24%
ETFs 26,700.00 5,094,424.0840.76%
Total 111,528.00 12,499,453.32100.00%
Table 1: NSX Trades

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
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.902.2015.79%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.9711.970.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM549.09565.873.06%
B2Gold CorporationB2G72.0173.241.71%
Oceana Group LimitedOCG72.3371.72-0.84%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW47.6549.093.02%
Nedbank Group LimitedNBK208.17208.500.16%
Standard Bank GroupSNB151.54152.900.90%
Shoprite HoldingsSRH195.20196.270.55%
FirstRand LimitedFST60.2761.181.51%
Momentum Metropolitan HoldingsMMT16.9016.65-1.48%
Old Mutual LtdOMM10.6710.952.62%
Sanlam LimitedSLA51.9052.691.52%
Santam LimitedSNM260.50269.403.42%
Vukile Property Fund LimitedVKN12.0912.463.06%
Investec LimitedIVD99.34104.555.24%
PSG Konsult LimitedKFS11.4811.651.48%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD362.20361.53-0.18%
New Gold Palladium ETFNGNPLD261.73263.030.50%
New Gold Platinum ETF NNGNPLT190.99190.32-0.35%
New Funds S&P NAM BondNFNAMA18.2818.27-0.05%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.57
EUR/NAD21.09
GBP/NAD24.55
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.25
AUD/USD0.66
USD/JPY138.82
Commodities @ 07:00 
Gold1,995.90
Silver24.020
Platinum1,016.10
Palladium1.401.53
WTI70.76
Brent75.00
Table 5: Exchange Rates and Commodities 

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 DAILY UPDATE (30 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 108,617.00 9,885,837.6331.27%
ETFs 79,308.00 21,732,554.5668.73%
Total 187,925.00 31,618,392.19100.00%
Table 1: NSX Trades

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
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP14.0014.000.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.007.000.00%
Oryx LimitedORY11.9711.970.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.107.08-0.28%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM571.22558.50-2.23%
B2Gold CorporationB2G73.6974.060.50%
Oceana Group LimitedOCG70.2572.503.20%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW48.8747.17-3.48%
Nedbank Group LimitedNBK209.40205.55-1.84%
Standard Bank GroupSNB151.64149.10-1.68%
Shoprite HoldingsSRH200.56194.40-3.07%
FirstRand LimitedFST60.2159.47-1.23%
Momentum Metropolitan HoldingsMMT17.7517.58-0.96%
Old Mutual LtdOMM10.7110.760.47%
Sanlam LimitedSLA52.6151.84-1.46%
Santam LimitedSNM263.30260.00-1.25%
Vukile Property Fund LimitedVKN11.9412.091.26%
Investec LimitedIVD101.5399.42-2.08%
PSG Konsult LimitedKFS11.7011.851.28%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD356.46359.350.81%
New Gold Palladium ETFNGNPLD270.42265.73-1.73%
New Gold Platinum ETF NNGNPLT194.97193.68-0.66%
New Funds S&P NAM BondNFNAMA18.3518.30-0.27%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.77
EUR/NAD21.13
GBP/NAD24.48
EUR/GBP0.86
EUR/USD1.06
GBP/USD1.23
AUD/USD0.64
USD/JPY139.44
Commodities @ 07:00 
Gold1,978.75
Silver23.55
Platinum1,017.95
Palladium1.408.03
WTI69.19
Brent73.44
Table 5: Exchange Rates and Commodities 

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)


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