Category: Equity Market Research




NSX DAILY UPDATES (29 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 433,361.00 33,235,545.75100.00%
ETFs -   -  0.00%
Total 433,361.00 33,235,545.75100.00%
Table 1: NSX Trades

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%
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 NamibiaSNO7.997.00-12.39%
Oryx LimitedORY11.9911.97-0.17%
Letshego  LHN3.953.75-5.06%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.107.100.00%
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 plcANM563.24571.221.42%
B2Gold CorporationB2G73.2273.690.64%
Oceana Group LimitedOCG69.7570.250.72%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW49.2048.87-0.67%
Nedbank Group LimitedNBK209.11209.400.14%
Standard Bank GroupSNB153.17151.64-1.00%
Shoprite HoldingsSRH201.78200.56-0.60%
FirstRand LimitedFST60.4260.21-0.35%
Momentum Metropolitan HoldingsMMT17.7217.750.17%
Old Mutual LtdOMM10.8510.71-1.29%
Sanlam LimitedSLA52.7252.61-0.21%
Santam LimitedSNM260.58263.301.04%
Vukile Property Fund LimitedVKN11.9611.94-0.17%
Investec LimitedIVD102.41101.53-0.86%
PSG Konsult LimitedKFS11.7511.70-0.43%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD354.28356.460.62%
New Gold Palladium ETFNGNPLD272.46270.42-0.75%
New Gold Platinum ETF NNGNPLT193.87194.970.57%
New Funds S&P NAM BondNFNAMA18.2518.350.55%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.76
EUR/NAD21.12
GBP/NAD24.37
EUR/GBP0.86
EUR/USD1.06
GBP/USD1.23
AUD/USD0.65
USD/JPY140.72
Commodities @ 07:00 
Gold1,950.75
Silver23.10
Platinum1,032.50
Palladium1.429.50
WTI72.30
Brent76.52
Table 5: Exchange Rates and Commodities 

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 DAILY UPDATES (26 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 182,540.00 71,284,121.6399.02%
ETFs 1,983.00 703,429.590.98%
Total 184,523.00 71,987,551.22100.00%
Table 1: NSX Trades

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.
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 NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.943.940.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.107.100.00%
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 plcANM552.70563.241.91%
B2Gold CorporationB2G73.7873.22-0.76%
Oceana Group LimitedOCG68.8269.751.35%
Mediclinic International PlcMEP118.30118.300.00%
TruworthsTRW50.4749.20-2.52%
Nedbank Group LimitedNBK210.72209.11-0.76%
Standard Bank GroupSNB153.60153.17-0.28%
Shoprite HoldingsSRH201.67201.780.05%
FirstRand LimitedFST60.8060.42-0.62%
Momentum Metropolitan HoldingsMMT17.6617.720.34%
Old Mutual LtdOMM11.2010.85-3.13%
Sanlam LimitedSLA52.8152.72-0.17%
Santam LimitedSNM260.00260.580.22%
Vukile Property Fund LimitedVKN11.9511.960.08%
Investec LimitedIVD103.60102.41-1.15%
PSG Konsult LimitedKFS11.8011.75-0.42%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD356.77354.28-0.70%
New Gold Palladium ETFNGNPLD268.21272.461.58%
New Gold Platinum ETF NNGNPLT195.04193.87-0.60%
New Funds S&P NAM BondNFNAMA18.3018.25-0.27%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.67
EUR/NAD21.12
GBP/NAD24.31
EUR/GBP0.86
EUR/USD1.07
GBP/USD1.23
AUD/USD0.65
USD/JPY140.37
Commodities @ 07:00 
Gold1,963.40
Silver23.37
Platinum1,030.64
Palladium1.030.90
WTI73.27
Brent77.56
Table 5: Exchange Rates and Commodities 

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)

NSX DAILY UPDATES (25 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 9,320,475.00 512,222,747.10100.00%
ETFs -   -  0.00%
Total 9,320,475.00 512,222,747.10100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 512,222,747.10 worth of shares was traded on the NSX on Thursday with about N$ 42,607,174 worth of shares belonging to Anglo-American plc and no trades on the home front.  No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were bought by market participants resulting in an increase in the company’s share price by 2.2%.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.943.940.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.107.100.00%
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 plcANM541.01552.702.16%
B2Gold CorporationB2G74.9173.78-1.51%
Oceana Group LimitedOCG70.0068.82-1.69%
Mediclinic International PlcMEP117.95118.300.30%
TruworthsTRW49.8850.471.18%
Nedbank Group LimitedNBK210.11210.720.29%
Standard Bank GroupSNB155.51153.60-1.23%
Shoprite HoldingsSRH201.67201.670.00%
FirstRand LimitedFST60.8860.80-0.13%
Momentum Metropolitan HoldingsMMT17.6517.660.06%
Old Mutual LtdOMM11.2011.200.00%
Sanlam LimitedSLA52.5252.810.55%
Santam LimitedSNM263.15260.00-1.20%
Vukile Property Fund LimitedVKN12.1311.95-1.48%
Investec LimitedIVD102.00103.601.57%
PSG Konsult LimitedKFS11.8511.80-0.42%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD352.25356.771.28%
New Gold Palladium ETFNGNPLD261.78268.212.46%
New Gold Platinum ETF NNGNPLT190.60195.042.33%
New Funds S&P NAM BondNFNAMA18.1318.300.94%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.76
EUR/NAD21.21
GBP/NAD24.38
EUR/GBP0.87
EUR/USD1.07
GBP/USD1.23
AUD/USD0.65
USD/JPY139.70
Commodities @ 07:00 
Gold1,947.60
Silver23.05
Platinum1,034.10
Palladium1.425.53
WTI71.83
Brent76.13
Table 5: Exchange Rates and Commodities 

Local News

Locally-listed SBN Holdings, with Standard Bank Namibia as its flagship brand, has appointed Nelson Lucas as its acting chief executive, effective immediately for a period of six months. (Sun Newspaper)

The cumulative number of household borrowers in Namibia increased by 6.9% quarter-on-quarter and by 4.5% year-on-year to 244 697 beneficiaries by December 2022. (New Era Newspaper)

According to the latest issue of the Namibia Agricultural Union (NAU) newsletter, this contributed to total agricultural production values which showed positive growth of 18,3%. (The Namibian Newspaper)

Sub-Sahara News

The health committee in the National Assembly has approved the final NHI Bill for debate in Parliament. (News24)

South Africa’s central bank raised its repo rate by 50 basis points (bps) to 8.25% on Thursday, as it lifted its inflation forecasts for this year and next and said risks were to the upside. (CNBC Africa)

Rwanda has welcomed the arrest of Fulgence Kayishema, one of the fugitives most wanted for crimes they committed during the 1994 Genocide against the Tutsi. (AllAfrica News)

International News

U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items, a U.S. official told Reuters. (Reuters News)

Asian stocks ended mixed on Friday, as hopes that lawmakers in Washington will avert a first-ever U.S. default offset worries about China's uneven economic recovery. (RTT News)

Russia will not achieve a military victory in Ukraine and Kyiv’s forces are unlikely to push back all Russian troops from their territory any time soon, the United State’s highest-ranking military official has said. (Aljazeera News)

NSX DAILY UPDATES (23 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 55,181.00 1,314,555.58100.00%
ETFs -   -  0.00%
Total 55,181.00 1,314,555.58100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 1,314,555.58 worth of shares was traded on the NSX on Tuesday with about N$ 451,196 worth of shares belonging to Santam Limited and N$ 164,345 worth of shares belonging to Letshego Holdings on the home front.  No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Santam Limited’s shares were traded by market participants resulting in no change in the company’s share price.
  • Shares belonging to Letshego Holdings were sold off resulting in a decline in share price by 0.25% at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.953.94-0.25%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.087.100.28%
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 plcANM563.51561.54-0.35%
B2Gold CorporationB2G76.1975.44-0.98%
Oceana Group LimitedOCG69.3967.36-2.93%
Mediclinic International PlcMEP118.35118.550.17%
TruworthsTRW49.1249.651.08%
Nedbank Group LimitedNBK211.50211.880.18%
Standard Bank GroupSNB157.67156.80-0.55%
Shoprite HoldingsSRH202.13198.57-1.76%
FirstRand LimitedFST61.9861.49-0.79%
Momentum Metropolitan HoldingsMMT17.2817.551.56%
Old Mutual LtdOMM11.1511.190.36%
Sanlam LimitedSLA52.4052.550.29%
Santam LimitedSNM266.93266.80-0.05%
Vukile Property Fund LimitedVKN12.3912.02-2.99%
Investec LimitedIVD106.41104.47-1.82%
PSG Konsult LimitedKFS11.7511.69-0.51%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD353.80351.59-0.62%
New Gold Palladium ETFNGNPLD281.05271.44-3.42%
New Gold Platinum ETF NNGNPLT199.10195.81-1.65%
New Funds S&P NAM BondNFNAMA18.0218.01-0.06%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.17
EUR/NAD20.67
GBP/NAD23.84
EUR/GBP0.86
EUR/USD1.07
GBP/USD1.24
AUD/USD0.65
USD/JPY138.41
Commodities @ 07:00 
Gold1,978.85
Silver23.57
Platinum1,059.95
Palladium1.457.53
WTI73.84
Brent77.69
Table 5: Exchange Rates and Commodities 

Local News

The environment ministry has begun with rehabilitation at Sossusvlei after a recent incident of off-road driving was captured in an aerial photo (Sun Newspaper)

Despite growing protests from residents of various towns over its modus operandi, Julius Nyamazana, the CEO of RedForce Debt Management, maintains that the company is not the enemy of the residents but politicians who are trying to abuse the situation to score political points. (New Era Newspaper)

A male patient who was referred from a health facility at Gobabis to a Windhoek hospital last week has died of Congo fever in an isolation unit at Windhoek Central Hospital. (The Namibian Newspaper)

Sub-Sahara News

The City of uMhlathuze and Komatipoort are among those hardest hit by a surge in truck volumes which is decimating local infrastructure and causing crime to rise. (News24)

Zimbabwe’s government will closely regulate voluntary carbon offset trading in a bid to curb greenwashing and ensure benefits for local communities, its environment minister has said. (CNBC Africa)

Governors of the south-east region of Nigeria have named the Second Niger Bridge after President Muhammadu Buhari, an official has said. (AllAfrica News)

International News

Donald Trump will face a criminal trial in New York on March 25, 2024, a judge said on Tuesday, meaning the former U.S. President will be on trial as his campaign for the 2024 Republican nomination is in full swing. (Reuters News)

European stocks may open slightly lower on Wednesday as investors parse the latest Fed officials' comments and await news on the U.S. debt ceiling negotiations. (RTT News)

Ukrainian President Volodymyr Zelenskyy has been on a whirlwind of foreign visits in recent weeks to shore up diplomatic support for Kyiv’s fight against Russia’s invasion. (Aljazeera News)

NSX DAILY UPDATES (22 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 86,363.00 6,362,653.77100.00%
ETFs -   -  0.00%
Total 86,363.00 6,362,653.77100.00%
Table 1: NSX Trades

NSX Activities

A total of N$  6,362,653.77 worth of shares was traded on the NSX on Monday with about N$ 1,481,415 worth of shares belonging to Anglo-American plc and no shares on the home front.  No ETFs were traded on Monday as well.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were sold off by market participants resulting in a decrease in the company’s share price by 2.0%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB41.0041.000.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.953.950.00%
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 plcANM574.90563.51-1.98%
B2Gold CorporationB2G75.7376.190.61%
Oceana Group LimitedOCG67.0069.393.57%
Mediclinic International PlcMEP118.90118.35-0.46%
TruworthsTRW48.3049.121.70%
Nedbank Group LimitedNBK208.82211.501.28%
Standard Bank GroupSNB156.15157.670.97%
Shoprite HoldingsSRH198.30202.131.93%
FirstRand LimitedFST61.2661.981.18%
Momentum Metropolitan HoldingsMMT17.1917.280.52%
Old Mutual LtdOMM11.2111.15-0.54%
Sanlam LimitedSLA52.4952.40-0.17%
Santam LimitedSNM267.66266.93-0.27%
Vukile Property Fund LimitedVKN12.3912.390.00%
Investec LimitedIVD105.44106.410.92%
PSG Konsult LimitedKFS11.8511.75-0.84%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD353.78353.800.01%
New Gold Palladium ETFNGNPLD273.41281.052.79%
New Gold Platinum ETF NNGNPLT199.24199.10-0.07%
New Funds S&P NAM BondNFNAMA18.4218.02-2.17%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.26
EUR/NAD20.82
GBP/NAD23.94
EUR/GBP0.86
EUR/USD1.08
GBP/USD1.24
AUD/USD0.66
USD/JPY138.66
Commodities @ 07:00 
Gold1,961.80
Silver23.60
Platinum1,076.45
Palladium1.477.03
WTI72.28
Brent76.20
Table 5: Exchange Rates and Commodities 

Local News

Locally-listed Namibia Asset Management (NAM) reported an operating profit of about N$8.34 million for six months ended 31 March 2023, an increase of nearly 7% compared to the same half-year in 2022. (Sun Newspaper)

The Ministry of Mines and Energy has officially endorsed Energy Invest: Namibia 2023 – the official investment report for Namibia’s gas, petroleum, power and mining sectors – produced by Energy Capital & Power (ECP). (New Era Newspaper)

Swapo vice president Netumbo Nandi-Ndaitwah says corruption is the greatest enemy of nation’s development. Corruption manifests in different forms, she says (The Namibian Newspaper)

Sub-Sahara News

SA's biggest poultry group Astral Foods has warned deteriorating water infrastructure and load shedding is putting the country at risk of ultimately becoming dependent on food imports, putting the poorest especially at the mercy of a volatile rand. (News24)

Six African leaders propose that Ukraine accept opening peace talks with Russia even as Russian troops remain on its soil, South Africa’s presidency said on Monday, as South African officials prepare to visit both countries to sell the idea. (CNBC Africa)

The national electricity grid cannot be stabilised before the end of the year and load shedding will continue into mid-2024 (AllAfrica News)

International News

President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government's $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the U.S. economy, but vowed to keep talking. (Reuters News)

Asian stocks ended mixed on Tuesday after Chinese economic data came in weaker than expected. Focus shifted to the U.S. debt ceiling, as U.S. President Joe Biden and congressional leaders are due to resume talks at the White House later in the day (RTT News)

Moscow’s forces are continuing to engage in operations against cross-border raiders – described alternatively as either armed Russian opposition groups or Ukrainian saboteurs – who entered Russia from Ukraine in one of the most daring attacks on Russian territory since the Kremlin’s war on Kyiv began 15 months ago.. (Aljazeera News)

NSX DAILY UPDATE (18 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 83,926.00 2,862,898.20100.00%
ETFs -   -  0.00%
Total 83,926.00 2,862,898.20100.00%
Table 1: NSX Trades

NSX Activities

A total of N$  2,862,898.20  worth of shares was traded on the NSX on Friday with about N$ 16,983 worth of shares belonging to Anglo-American plc and N$ 711,880 worth of shares belonging to Namibia Breweries on the home front.  No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-Americans were subscribed by market participants resulting in an increase in the company’s share price by 2.1%
  • Shares belonging to Namibia Breweries were traded on the local bourse with 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 HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB38.5038.500.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.953.950.00%
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 plcANM563.11574.902.09%
B2Gold CorporationB2G77.3775.73-2.12%
Oceana Group LimitedOCG67.0067.000.00%
Mediclinic International PlcMEP117.68118.901.04%
TruworthsTRW48.1948.300.23%
Nedbank Group LimitedNBK208.73208.820.04%
Standard Bank GroupSNB155.77156.150.24%
Shoprite HoldingsSRH197.83198.300.24%
FirstRand LimitedFST60.9261.260.56%
Momentum Metropolitan HoldingsMMT17.1917.190.00%
Old Mutual LtdOMM11.0911.211.08%
Sanlam LimitedSLA52.0152.490.92%
Santam LimitedSNM266.59267.660.40%
Vukile Property Fund LimitedVKN12.0012.393.25%
Investec LimitedIVD108.04105.44-2.41%
PSG Konsult LimitedKFS11.7611.850.77%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD355.28353.78-0.42%
New Gold Palladium ETFNGNPLD284.29273.41-3.83%
New Gold Platinum ETF NNGNPLT198.42199.240.41%
New Funds S&P NAM BondNFNAMA18.4218.14-1.52%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.47
EUR/NAD21.06
GBP/NAD24.23
EUR/GBP0.86
EUR/USD1.08
GBP/USD1.24
AUD/USD0.66
USD/JPY137.98
Commodities @ 07:00 
Gold1,975.15
Silver23.82
Platinum1,067.75
Palladium1.509.28
WTI70.94
Brent74.79
Table 5: Exchange Rates and Commodities 

Local News

The High Court has dismissed an application for absolution stemming from proceedings instituted by Nedbank against former deputy executive director in the finance ministry, Ally Angula, for a personal loan agreement amounting to over N$4.7 million. (Sun Newspaper)

NamPower remains adamant it will disconnect the electricity supply of defaulting customers as of 5 June 2023 if those customers fail to honour their debt by the end of this month, but Nored has said it is trying to find a way out of its crisis. (New Era Newspaper)

The lack of action to address concerns around the governance and management practices at TransNamib has led the Institute for Public Policy Research (IPPR) to believe it is on the same road as the liquidated national airline. (The Namibian Newspaper)

Sub-Sahara News

The government might be interested in buying the stake of minority shareholders in the chosen strategic equity partner of SAA, the Takatso Consortium. (News24)

The World Bank has moved $150 million of the funds it has earmarked for Mozambique projects to help fund the southern African nation’s efforts to recover from the aftermath of Cyclone Freddy. (CNBC Africa)

The opposition Democratic Alliance (DA) has announced that it will be lodging a complaint with the Public Protector to probe alleged corruption in the maintenance of the state's ministerial mansion (AllAfrica News)

International News

China's cyberspace regulator said on Sunday that products made by U.S. memory chipmaker Micron Technology Inc had failed its network security review and it would bar operators of key infrastructure from buying from the company. (Reuters News)

Asian stocks ended mostly higher on Monday as investors awaited key U.S. and Chinese data as well as speeches from Federal Reserve officials this week for additional cues on the global economic outlook (RTT News)

Greek Prime Minister Kyriakos Mitsotakis said his conservative party had unleashed a “political earthquake” with a thumping win in Sunday’s election but hinted that he would seek another election in order to secure an absolute majority that would allow the party to govern alone. (Aljazeera News)

NSX DAILY UPDATES (18 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 15,232.00 2,389,011.60100.00%
ETFs -   -  0.00%
Total 15,232.00 2,389,011.60100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 2,389,011.60 worth of shares was traded on the NSX on Thursday with about N$ 61,840 worth of shares belonging to Santam Limited. No trades occurred on the home front, as well as no ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Santam shares were sold off by market participants resulting in an increase in the company’s share price by -0.2%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB38.5038.500.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.953.950.00%
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 plcANM567.26563.11-0.73%
B2Gold CorporationB2G77.4377.37-0.08%
Oceana Group LimitedOCG67.0067.000.00%
Mediclinic International PlcMEP119.45117.68-1.48%
TruworthsTRW49.0048.19-1.65%
Nedbank Group LimitedNBK208.55208.730.09%
Standard Bank GroupSNB155.60155.770.11%
Shoprite HoldingsSRH199.86197.83-1.02%
FirstRand LimitedFST61.0160.92-0.15%
Momentum Metropolitan HoldingsMMT17.2017.19-0.06%
Old Mutual LtdOMM11.0711.090.18%
Sanlam LimitedSLA51.7652.010.48%
Santam LimitedSNM267.20266.59-0.23%
Vukile Property Fund LimitedVKN11.9712.000.25%
Investec LimitedIVD104.07108.043.81%
PSG Konsult LimitedKFS11.9711.76-1.75%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD356.06353.78-0.64%
New Gold Palladium ETFNGNPLD277.04273.41-1.31%
New Gold Platinum ETF NNGNPLT199.51199.24-0.14%
New Funds S&P NAM BondNFNAMA18.1018.140.22%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.26
EUR/NAD20.76
GBP/NAD23.91
EUR/GBP0.86
EUR/USD1.08
GBP/USD1.24
AUD/USD0.66
USD/JPY138.19
Commodities @ 07:00 
Gold1,967.75
Silver23.86
Platinum1,061.10
Palladium1.474.03
WTI72.61
Brent76.72
Table 5: Exchange Rates and Commodities 

Local News

Local and international bidders interested in developing the Tandjieskoppie, Zone, and Katima-Liselo irrigation projects, comprising 5 320 hectares of land, would be required to demonstrate access to or availability of liquid assets worth N$650 million. (Sun Newspaper)

Finance minister Iipumbu Shiimi warned that tax does not discriminate and thus urged all Namibian citizens to be compliant and pay tax as required. Shiimi further cautioned those trying to escape and avoid honoring their tax obligations to the revenue agency to be mindful because “it is just a matter of time”. (New Era Newspaper)

The Northern Regional Electricity Distributor (Nored) has been accused of keeping its customers in the dark about planned power disconnections due to outstanding debts to NamPower. (The Namibian Newspaper)

Sub-Sahara News

After US allegations that Russia was supplied with arms in SA triggered a rand crash, Deputy Minister of Finance David Masondo stressed that an urgent agreement is needed to settle the market. (News24)

The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a “crisis of adaptation” to rapid monetary policy tightening by central banks, according to a closely-watched report from the Institute of International Finance. (CNBC Africa)

Power utility Eskom predicts severe electricity shortages during winter with a minimum of Stage 5 power cuts and a strong possibility of Stage 8 over July and August, (AllAfrica News)

International News

Ukraine President Volodymyr Zelenskiy will attend the Group of Seven (G7) Hiroshima summit this weekend, a Ukrainian security official said, putting fresh pressure on Russia against the backdrop of a city synonymous with the horrors of nuclear war. (Reuters News)

Asian stocks retreated on Friday on lingering worries over the health of U.S. banks, an ongoing impasse over the U.S. debt ceiling and the Chinese economic recovery. (RTT News)

Tsunami warnings were triggered following a magnitude 7.7 earthquake that struck beneath the Pacific Ocean southeast of New Caledonia, emergency monitoring agencies said (Aljazeera News)

NSX DAILY UPDATE (16 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 103,659.00 8,413,410.9680.27%
ETFs 8,008.00 2,067,510.2619.73%
Total 111,667.00 10,480,921.22100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 8,413,410.96 worth of shares was traded on the NSX on Tuesday with about N$ 342,390 worth of shares belonging to Shoprite Holdings plc and N$ 507,507 worth of shares belonging to Paratus Namibia Holdings Ltd trades occurred on the home front. ETFs worth N$ 2,067,510.26 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Shoprite’s shares were sold off by market participants resulting in a slight decline in the company’s share price by 0.2%
  • Paratus’ shares exchanged hands with no change in share price at closing
  • New Gold Issuer Ltd NM, New Gold Palladium ETF, and New Gold Platinum ETF N were mostly sold off by investors, excluding the New Gold Platinum ETF which was allotted by market participants.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB38.5038.500.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9811.990.08%
Letshego  LHN3.853.952.60%
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 plcANM566.33559.24-1.25%
B2Gold CorporationB2G78.6879.651.23%
Oceana Group LimitedOCG67.0067.000.00%
Mediclinic International PlcMEP116.82118.501.44%
TruworthsTRW49.4349.25-0.36%
Nedbank Group LimitedNBK208.85209.590.35%
Standard Bank GroupSNB156.30157.500.77%
Shoprite HoldingsSRH203.72203.26-0.23%
FirstRand LimitedFST61.4861.21-0.44%
Momentum Metropolitan HoldingsMMT17.3917.29-0.58%
Old Mutual LtdOMM11.1711.16-0.09%
Sanlam LimitedSLA52.7652.40-0.68%
Santam LimitedSNM267.15266.57-0.22%
Vukile Property Fund LimitedVKN11.9612.010.42%
Investec LimitedIVD103.27103.890.60%
PSG Konsult LimitedKFS12.2912.05-1.95%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD357.32355.46-0.52%
New Gold Palladium ETFNGNPLD281.64278.47-1.13%
New Gold Platinum ETF NNGNPLT195.02195.280.13%
New Funds S&P NAM BondNFNAMA18.2318.320.49%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.09
EUR/NAD20.73
GBP/NAD23.81
EUR/GBP0.87
EUR/USD1.08
GBP/USD1.24
AUD/USD0.66
USD/JPY136.78
Commodities @ 07:00 
Gold1,991.30
Silver23.83
Platinum1,068.30
Palladium1.501.03
WTI70.22
Brent74.30
Table 5: Exchange Rates and Commodities 

Local News

NamPower CEO Simson Haulofu says Namibia is not reliant on South African bulk energy supplier Eskom for all its power needs and actually gets significantly more electricity from Zambia and Zimbabwe. (Sun Newspaper)

Communications Regulatory Authority of Namibia (CRAN) CEO Emilia Nghikembua stated total investment in the telecommunications sector declined during the fourth quarter of 2022. She cautioned that in the long run, this could result in poorer service quality due to congestion in some areas. (New Era Newspaper)

Finance minister Iipumbu Shiimi warned that tax does not discriminate and thus urged all Namibian citizens to be compliant and pay tax as required. Shiimi further cautioned those trying to escape and avoid honoring their tax obligations to the revenue agency to be mindful because “it is just a matter of time”. (The Namibian Newspaper)

Sub-Sahara News

Finance Minister Enoch Godongwana has warned of a severe impact on the economy should it be confirmed that SA sold arms to Russia. (News24)

Most sub-Saharan African currencies have weakened against the US dollar, fanning inflationary pressures across the continent as import prices surge. (CNBC Africa)

The BRICS nations - Brazil, Russia, India, China, and South Africa - may consider a joint currency when they meet in Johannesburg in August, South African officials said (AllAfrica News)

International News

A U.S.-made Patriot missile defense system being used by Ukraine likely suffered some damage from a Russian strike, two U.S. officials said on Tuesday, adding that it did not appear to have been destroyed. (Reuters News)

Asian stocks fell broadly on Wednesday as investors took a risk-off approach ahead of U.S. consumer price inflation data due later in the day that could influence the Federal Reserve's policy decisions (RTT News)

The G7 countries all agree on the threat of China’s economic coercion. (Aljazeera News)


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