Category: Equity Market Research




NSX DAILY UPDATE (01 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 52,804.00 3,533,504.01100.00%
ETFs -   -  0.00%
Total 52,804.00 3,533,504.01 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 3,533,504.01 worth of shares was traded on the NSX on Tuesday with about N$ 1,736,500 worth of shares belonging to Anglo-American plc and N$ 6,140 from FirstRand Namibia on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares traded with a slight increase in share price at closing
  • FirstRand Namibia shares were traded by market participants, with an increase in share price a closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6430.700.20%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.822.820.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

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 plcANM556.89571.202.57%
B2Gold CorporationB2G56.1955.98-0.37%
Oceana Group LimitedOCG55.3955.500.20%
Mediclinic International PlcMEP104.41103.50-0.87%
TruworthsTRW52.2652.610.67%
Nedbank Group LimitedNBK217.56216.12-0.66%
Standard Bank GroupSNB171.65170.69-0.56%
Shoprite HoldingsSRH233.90232.24-0.71%
FirstRand LimitedFST64.3564.19-0.25%
Momentum Metropolitan HoldingsMMT17.1817.10-0.47%
Old Mutual LtdOMM10.4410.31-1.25%
Sanlam LimitedSLA53.4453.09-0.65%
Santam LimitedSNM254.35256.110.69%
Vukile Property Fund LimitedVKN13.4513.34-0.82%
Investec LimitedIVD90.3589.77-0.64%
PSG Konsult LimitedKFS10.9711.303.01%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD280.80280.23-0.20%
New Gold Palladium ETFNGNPLD326.07335.142.78%
New Gold Platinum ETF NNGNPLT166.10166.250.09%
New Funds S&P NAM BondNFNAMA17.2617.350.52%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.12
EUR/NAD17.91
GBP/NAD20.86
EUR/GBP0.85
EUR/USD0.99
GBP/USD1.15
AUD/USD0.64
USD/JPY147.37
Commodities @ 08:00 
Gold1,647.50
Silver19.68
Platinum959.50
Palladium1,860.03
WTI89.50
Brent95.64

Table 5: Exchange Rates and Commodities 


Local News

More than 1,700 people from the Fransfontein area benefit from the community garden that has been upgraded to change the food production landscape in the area (Sun Newspaper)

Agricultural minister says Namibia’s livestock sector is in trouble and wealth creation has declined (New Era Newspaper)

The government’s plan to introduce toll gates on the country’s national highway has been slammed. (The Namibian)

Sub-Sahara News

Stanlib chief economist Kevin Lings says the rising global inflation and local interest rates will worsen in the next three to six months. (News24)

South Africa still has space to raise interest rates, its central bank governor said on Tuesday ahead of a rate decision later this month, citing the need to get inflation expectations more anchored around the midpoint of its target range (CNBC Africa)

The African Union (AU) on Sunday called for a ceasefire in the Democratic Republic of Congo (DRC), after Congolese rebels captured strategic terrain in the east of the country.. (All Africa News)

International News

A North Korean ballistic missile landed less than 60 kilometers off South Korea's coast on Wednesday, the first time an apparent test had landed near the South's waters, prompting South Korea to issue rare air raid warnings and launch missiles in protest (Reuters)

Asian stocks advanced on Wednesday as weak U.S. data released overnight boosted expectations of a less hawkish Federal Reserve (RTT News)

Israelis are back at the polls to vote in parliamentary elections for the fifth time in just three and a half years, with the race expected to be close between supporters of opposition leader Benjamin Netanyahu and his opponents. (Aljazeera News)

NSX DAILY REPORT (31 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 136,127.00 8,285,039.85100.00%
ETFs -   -  0.00%
Total 136,127.00 8,285,039.85 100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,285,039.85 worth of shares was traded on the NSX on Monday with about N$ 216,534 worth of shares belonging to Anglo-American plc and N$ 521,180 from Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares traded with a slight change in share price at closing
  • Namibia Breweries shares were traded by market participants, with no change in share price a closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6330.640.03%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.825.22%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM556.26556.890.11%
B2Gold CorporationB2G56.2656.19-0.12%
Oceana Group LimitedOCG55.3555.390.07%
Mediclinic International PlcMEP103.15104.411.22%
TruworthsTRW52.9752.26-1.34%
Nedbank Group LimitedNBK222.01217.56-2.00%
Standard Bank GroupSNB173.07171.65-0.82%
Shoprite HoldingsSRH239.00233.90-2.13%
FirstRand LimitedFST65.8164.35-2.22%
Momentum Metropolitan HoldingsMMT16.9817.181.18%
Old Mutual LtdOMM10.4110.440.29%
Sanlam LimitedSLA53.3853.440.11%
Santam LimitedSNM256.51254.35-0.84%
Vukile Property Fund LimitedVKN13.6713.45-1.61%
Investec LimitedIVD90.3890.35-0.03%
PSG Konsult LimitedKFS11.0610.97-0.81%

Table 3: Dual Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD277.54280.801.17%
New Gold Palladium ETFNGNPLD334.91326.07-2.64%
New Gold Platinum ETF NNGNPLT166.18166.10-0.05%
New Funds S&P NAM BondNFNAMA17.3917.26-0.75%

Table 4: ETFs

Exchange Rates @ 08:00 
USD/NAD18.26
EUR/NAD18.12
GBP/NAD21.05
EUR/GBP0.86
EUR/USD0.99
GBP/USD1.15
AUD/USD0.64
USD/JPY148.16
Commodities @ 08:00 
Gold1,645.35
Silver19.54
Platinum943.70
Palladium1,859.53
WTI87.72
Brent94.14

Table 5: Exchange Rates and Commodities 

Local News

The new fuel prices in Walvis Bay will this week become N$24.10 per liter for diesel and will remain N$20.08 per liter for petrol (Sun Newspaper)

Namibia Investment and Promotion Development Board (NIPDB) CEO has reiterated that Namibia continues to export match-needed jobs to other countries (New Era Newspaper)

The National Training Authority (NTA) says 379 companies started making use of the National training fund in the 2014/15 financial year, which increased to 507 in 2021/22. (The Namibian)

Sub-Sahara News

The SA Reserve Bank has accused Berdine Odendaal, the rumored romantic interest of Markus Jooste, of enjoying a "lavish lifestyle" funded by about R60 million in loans from a company linked to the former Steinhoff CEO. (News24)

An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest players are distracted by urgent crises ranging from the war in Europe to rampant consumer inflation. (CNBC Africa)

The African Union (AU) on Sunday called for a ceasefire in the Democratic Republic of Congo (DRC) after Congolese rebels captured strategic terrain in the east of the country. (All Africa News)

International News

South Korea moved to calm public outrage on Tuesday over a Halloween party crush that killed more than 150 people, most of them young, promising a speedy and intensive inquiry and calling for tough new safety measures to prevent similar disasters. (Reuters)

Asian stocks turned in a mixed performance on Tuesday, as concerns over China's growth prospects and a new political order in the country offset hopes of a Fed pivot (RTT News)

Israelis are back at the polls to vote in parliamentary elections for the fifth time in just three and a half years, with the race expected to be close between supporters of opposition leader Benjamin Netanyahu and his opponents. (Aljazeera News)

NSX DAILY REPORT (28 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 35,542.00 1,868,236.85100.00%
ETFs -   -  0.00%
Total 35,542.00 1,868,236.85 100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 1,868,236.85 worth of shares was traded on the NSX on Friday with about N$ 305,500 worth of shares belonging to Capricorn Group Limited and N$ 30,783 from FirstRand Namibia Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Capricorn Group Limited shares traded with no change in share price at closing
  • FirstRand Namibia shares were traded by market participants, with no change in share price a closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.630.03%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM563.48556.26-1.28%
B2Gold CorporationB2G57.2556.26-1.73%
Oceana Group LimitedOCG55.3655.35-0.02%
Mediclinic International PlcMEP102.70103.150.44%
TruworthsTRW52.4252.971.05%
Nedbank Group LimitedNBK223.61222.01-0.72%
Standard Bank GroupSNB172.01173.070.62%
Shoprite HoldingsSRH238.61239.000.16%
FirstRand LimitedFST65.6765.810.21%
Momentum Metropolitan HoldingsMMT16.9016.980.47%
Old Mutual LtdOMM10.2410.411.66%
Sanlam LimitedSLA53.0653.380.60%
Santam LimitedSNM256.26256.510.10%
Vukile Property Fund LimitedVKN13.8413.67-1.23%
Investec LimitedIVD90.3990.38-0.01%
PSG Konsult LimitedKFS11.0111.060.45%

Table 3: Dual Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD277.20277.540.12%
New Gold Palladium ETFNGNPLD332.41334.910.75%
New Gold Platinum ETF NNGNPLT165.99166.180.11%
New Funds S&P NAM BondNFNAMA17.3517.390.23%

Table 4: ETFs

Exchange Rates @ 08:00 
USD/NAD18.21
EUR/NAD18.12
GBP/NAD21.12
EUR/GBP0.85
EUR/USD0.99
GBP/USD1.15
AUD/USD0.64
USD/JPY147.82
Commodities @ 08:00 
Gold1,643.55
Silver19.09
Platinum939.40
Palladium1,908.00
WTI87.12
Brent92.83

Table 5: Exchange Rates and Commodities 

Local News

The Good Business Awards of the Development Bank of Namibia (DBN). The last held in 2019 will resume next week (Sun Newspaper)

Namibia has been recognized for showing progress and excellence in policymaking for sustainable tourism growth and development to its destination (New Era Newspaper)

A company leasing part of the Von Bach Dam area near Okahandja from Namibia Wildlife Resorts for a 50-year period is now claiming it will lose more than N$200 million because of a concession agreement between the government and two waterski clubs at the dam(The Namibian)

Sub-Sahara News

Diesel troubles have hit the US, with dears building in Europe, but South Africa is not as concerned about supply as it is about prices. (News24)

Asia and Pacific countries could lose over 3% in the gross domestic product if the trade is cut off in sectors hit by recent U.S. chip sanctions on China and if non-tariff barriers in other areas are raised to “Cold War-era levels,” the IMF said in research released on Friday.. (CNBC Africa)

The development of an effective vaccine for malaria has proved to be far more challenging than developing a vaccine to protect people from COVID-19. Several different COVID-19 vaccines were developed and approved for use within a year of the disease's emergence. (All Africa News)

International News

The United States and South Korea began one of their largest combined military air drills on Monday, with hundreds of warplanes from both sides staging mock attacks 24 hours a day for the better part of a week. (Reuters)

China's economic growth accelerated in the third quarter after the relaxation of Covid restrictions, but other economic indicators signaled a mixed picture, official data revealed Monday. (RTT News)

Luiz Inácio Lula da Silva has won Brazil’s presidential election by a whisker, but with incumbent Jair Bolsonaro still not conceding defeat there were concerns the far-right contender might challenge the result. (Aljazeera News)

NSX DAILY REPORT (27 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,975,836.00 63,241,257.57100.00%
ETFs -   -  0.00%
Total 1,975,836.00 63,241,257.57 100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 63,241,257.57 worth of shares was traded on the NSX on Thursday with about N$ 777,003 worth of shares belonging to Anglo-American and N$ 13,640 from SBN Holdings on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were sold off by one investor resulting in a slight decrease in share price.
  • SBN Holdings shares were allotted by market participants, with no change in share price a closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM571.35563.48-1.38%
B2Gold CorporationB2G57.4657.25-0.37%
Oceana Group LimitedOCG55.0055.360.65%
Mediclinic International PlcMEP103.00102.70-0.29%
TruworthsTRW51.3452.422.10%
Nedbank Group LimitedNBK221.06223.611.15%
Standard Bank GroupSNB173.02172.01-0.58%
Shoprite HoldingsSRH234.46238.611.77%
FirstRand LimitedFST65.1465.670.81%
Momentum Metropolitan HoldingsMMT17.1116.90-1.23%
Old Mutual LtdOMM10.4110.24-1.63%
Sanlam LimitedSLA53.3053.06-0.45%
Santam LimitedSNM251.97256.261.70%
Vukile Property Fund LimitedVKN13.5313.842.29%
Investec LimitedIVD88.8690.391.72%
PSG Konsult LimitedKFS11.0311.01-0.18%

Table 3: Dual-Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD279.72277.20-0.90%
New Gold Palladium ETFNGNPLD340.19332.41-2.29%
New Gold Platinum ETF NNGNPLT164.90165.990.66%
New Funds S&P NAM BondNFNAMA17.2617.350.52%

Table 4: ETFs

Exchange Rates @ 08:00 
USD/NAD17.99
EUR/NAD17.95
GBP/NAD20.79
EUR/GBP0.86
EUR/USD0.99
GBP/USD1.15
AUD/USD0.64
USD/JPY146.40
Commodities @ 08:00 
Gold1,664.05
Silver19.47
Platinum966.15
Palladium1,955.03
WTI87.97
Brent94.06

Table 5: Exchange Rates and Commodities 

Local News

The national business sector representative body the Namibia Chamber of Commerce and Industry (NCCI) says that advice proffered to the government over the years has often been conveniently ignored. However, the chamber lavishly praised finance minister Iipumbu Shiimi for embracing the private sector’s recommendations (Sun Newspaper)

The minimum wage of construction workers will increase by 2.6% as of 2 November 2022 (New Era Newspaper)

Langer Heinrich uranium mine owner Paladin Energy has announced Duke Energy, a leading Fortune 500 North American power utility, as an off-taker once operations at the mine resume (The Namibian)

Sub-Sahara News

The Climate Investment Funds – a multilateral climate fund affiliated with the World Bank – had approved the funding. (News24)

The European Central Bank announced Thursday a 75-basis-point interest rate hike — its third consecutive increase this year — while also scaling back support for European banks. (CNBC Africa)

The momentous coronation of Zulu King Misuzulu Sinqobile kaZwelithini will bring contenders for the ANC president position under one roof in Durban on Saturday. (All Africa News)

International News

Elon Musk became Twitter Inc's (TWTR.N) owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. (Reuters)

Asian stocks ended broadly lower on Friday, as the dollar rose with Treasury yields as hawkish signals from Federal Reserve officials ramped up fears of a U.S. recession. (RTT News)

North Korea has fired two short-range ballistic missiles off its east coast, South Korea’s Joint Chiefs of Staff and national media said (Aljazeera News)

NSX DAILY REPORT (26 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 137,537.00 24,129,401.49100.00%
ETFs -   -  0.00%
Total 137,537.00 24,129,401.49 100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 24,129,401.49 worth of shares was traded on the NSX on Wednesday with about N$ 97,987 worth of shares belonging to  Shoprite Holdings and N$  6,500 from Paratus Namibia Holdings Ltd on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

  • Shoprite Holdings shares continue to be subscribed as the South African Finance Minister outlined the government’s fiscal and debt outlook improved since the national budget statement in February 2022
  • Paratus Namibia Holdings Ltd shares were allotted by market participants, resulting in a slight increase in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.020.14%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM554.39571.353.06%
B2Gold CorporationB2G57.9957.46-0.91%
Oceana Group LimitedOCG54.6955.000.57%
Mediclinic International PlcMEP103.20103.00-0.19%
TruworthsTRW52.6251.34-2.43%
Nedbank Group LimitedNBK214.05221.063.27%
Standard Bank GroupSNB171.60173.020.83%
Shoprite HoldingsSRH230.68234.461.64%
FirstRand LimitedFST62.6465.143.99%
Momentum Metropolitan HoldingsMMT16.8917.111.30%
Old Mutual LtdOMM10.0010.414.10%
Sanlam LimitedSLA52.0453.302.42%
Santam LimitedSNM253.36251.97-0.55%
Vukile Property Fund LimitedVKN13.5013.530.22%
Investec LimitedIVD87.7188.861.31%
PSG Konsult LimitedKFS10.9611.030.64%

Table 3: Dual-Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD281.39279.72-0.59%
New Gold Palladium ETFNGNPLD339.91340.190.08%
New Gold Platinum ETF NNGNPLT161.31164.902.23%
New Funds S&P NAM BondNFNAMA17.0717.261.11%

Table 4: ETFs

Exchange Rates @ 08:00 
USD/NAD17.89
EUR/NAD18.03
GBP/NAD20.80
EUR/GBP0.87
EUR/USD0.99
GBP/USD1.16
AUD/USD0.65
USD/JPY145.45
Commodities @ 08:00 
Gold1,669.85
Silver19.51
Platinum956.10
Palladium1,981.78
WTI87.84
Brent93.70

Table 5: Exchange Rates and Commodities 

Local News

The Agricultural Bank of Namibia (Agribank) hereby informs its clients, prospective clients, and all stakeholders that, as of the 1st of December 2022, Agribank will no longer accept cash payments (Sun Newspaper)

Ambassador of the European Union (EU) delegation to Namibia Sinikka Antila, yesterday said Namibia’s exports to the EU market have grown by 50% and at one point reached N$650 billion, while imports only grew by 8.9% (New Era Newspaper)

Public servants unions feel blindsided by finance minister Iipumbu Shiimi’s announcement to cut funding to the Public Service Employee Medical Aid Scheme (Psemas) by N$1 billion over the 2023/24 and 2024/25 financial years.  (The Namibian)

Sub-Sahara News

Finance Minister Enoch Godongwana uses his good fortune to cut borrowing and hit fiscal targets ahead of schedule. It is still tough love for the SA Post Office and SAA but Eskom and Transnet will be helped "to do the right thing", writes Carol Paton. (News24)

Eskom’s dollar-denominated bonds rose on Wednesday after South Africa’s Treasury said the government would take on part of the struggling state-owned power utility’s $22 billion debt. (CNBC Africa)

The Nigerian government has insisted that the country including the capital Abuja is safe for citizens and foreigners, contrary to an advisory by the US and UK governments. (All Africa News)

International News

Toyota Motor Corp has discovered that even keys can be too "smart" for their own good (Reuters)

Asian stocks finished mostly lower on Thursday, tracking Wednesday's losses on Wall Street. The People's Bank of China's status quo on rates and concerns about economic growth in China also dampened sentiment. (RTT News)

Russian President Vladimir Putin has monitored drills of the country’s strategic nuclear forces involving multiple practice launches of ballistic and cruise missiles, in a show of force amid the heightened tensions with the West over the conflict in Ukraine. (Aljazeera News)

NSX DAILY UPDATE (25 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 2,169,040.00 50,322,841.75100.00%
ETFs -   -  0.00%
Total 2,169,040.00 50,322,841.75 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 50,322,841.75 worth of shares was traded on the NSX on Tuesday with about N$ 2,260,000 worth of Shoprite Holdings and no trades on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Shoprite Holdings shares were subscribed by market participants resulting in share price soaring at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM559.00554.39-0.82%
B2Gold CorporationB2G56.4957.992.66%
Oceana Group LimitedOCG53.8154.691.64%
Mediclinic International PlcMEP103.01103.200.18%
TruworthsTRW51.8752.621.45%
Nedbank Group LimitedNBK207.85214.052.98%
Standard Bank GroupSNB166.34171.603.16%
Shoprite HoldingsSRH224.64230.682.69%
FirstRand LimitedFST62.2462.640.64%
Momentum Metropolitan HoldingsMMT16.6316.891.56%
Old Mutual LtdOMM10.0110.00-0.10%
Sanlam LimitedSLA51.5152.041.03%
Santam LimitedSNM251.17253.360.87%
Vukile Property Fund LimitedVKN13.5013.500.00%
Investec LimitedIVD87.3787.710.39%
PSG Konsult LimitedKFS11.0010.96-0.36%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD283.37281.39-0.70%
New Gold Palladium ETFNGNPLD355.50339.91-4.39%
New Gold Platinum ETF NNGNPLT164.87161.31-2.16%
New Funds S&P NAM BondNFNAMA17.0717.070.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.19
EUR/NAD18.12
GBP/NAD20.80
EUR/GBP0.87
EUR/USD0.99
GBP/USD1.14
AUD/USD0.64
USD/JPY148.14
Commodities @ 08:00 
Gold1,662.75
Silver19.51
Platinum925.40
Palladium1,957.78
WTI84.67
Brent90.92

Table 5: Exchange Rates and Commodities 


Local News

Lack of serviced land hampers the progression of home ownership and socio-economic well-being, as well as capital formation in families. (Sun Newspaper)

The Ohlthaver & List Group their joint venture partner CMB, TECH, known as Cleanergy Solutions Namibia, who are responsible for a green hydrogen production plant to be built in the Erongo region, are challenged with long equipment lead times (New Era Newspaper)

Minister of Finance yesterday delivered what he calls a midterm budget review coated with “cautious optimism” while teasing pensioners with a N$100 increase on their monthly grant “if resources permit”.  (The Namibian)

Sub-Sahara News

Repurposing Eskom's coal-fired power station, Komati, would cost around R7.9 billion, project documents from the World Bank show. (News24)

The first formal peace talks aimed at ending two years of war between the Ethiopian army and forces from the country’s northern region of Tigray started in South Africa on Tuesday and will end on Sunday, the South African government said. (CNBC Africa)

The World Health Organization (WHO) on Monday said global efforts to curtail the spread of the poliovirus have achieved a 99.9 percent decrease in polio cases. (All Africa News)

International News

The White House has lowered its earlier optimism about the midterm elections and is now worried that Democrats could lose control of both chambers of Congress, administration officials say. (Reuters)

Asian stocks finished mixed on Wednesday, with the benchmarks in Japan, Australia, and New Zealand tracking Tuesday's positive sentiment on Wall Street, while stocks in China (RTT News)

Refugees who fled in the wake of Russia’s invasion of Ukraine should stay abroad this winter due to blackouts created by Moscow’s bombardment of critical energy infrastructure, a Ukrainian minister has said. (Aljazeera News)

NSX DAILY UPDATE (24 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 4,254,481.00126,010,418.42100.00%
ETFs -   -  0.00%
Total 4,254,481.00126,010,418.42 100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 126,010,418.42 worth of shares was traded on the NSX on Monday with about N$ 339,373 worth of Anglo-American and N$    77,655,268 worth of Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were subscribed by market participants resulting in share price to soar at closing
  • Shares belonging to Namibia Breweries were sold off by private investors resulting in a decline in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS47.0046.00-2.10%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM553.20559.001.05%
B2Gold CorporationB2G54.2656.494.11%
Oceana Group LimitedOCG53.3753.810.82%
Mediclinic International PlcMEP100.60103.012.40%
TruworthsTRW51.5351.870.66%
Nedbank Group LimitedNBK206.78207.850.52%
Standard Bank GroupSNB165.93166.340.25%
Shoprite HoldingsSRH221.75224.641.30%
FirstRand LimitedFST61.8562.240.63%
Momentum Metropolitan HoldingsMMT15.9216.634.46%
Old Mutual LtdOMM10.0310.01-0.20%
Sanlam LimitedSLA51.1551.510.70%
Santam LimitedSNM251.64251.17-0.19%
Vukile Property Fund LimitedVKN13.3513.501.12%
Investec LimitedIVD84.3387.373.60%
PSG Konsult LimitedKFS10.9411.000.55%

Table 3: Dual-Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD279.14283.371.52%
New Gold Palladium ETFNGNPLD352.54355.500.84%
New Gold Platinum ETF NNGNPLT160.58164.872.67%
New Funds S&P NAM BondNFNAMA17.1417.07-0.41%

Table 4: ETFs

Exchange Rates @ 08:00 
USD/NAD18.44
EUR/NAD18.20
GBP/NAD20.80
EUR/GBP0.87
EUR/USD0.98
GBP/USD1.12
AUD/USD0.63
USD/JPY148.89
Commodities @ 08:00 
Gold1,660.25
Silver19.27
Platinum928.95
Palladium2,037.53
WTI84.78
Brent91.44

Table 5: Exchange Rates and Commodities 

Local News

Troubled national carrier TransNamib has since June issued numerous letters of demand to non-paying tenants for more than N$20 million in outstanding rent, the company’s spokesperson said (Sun Newspaper)

After two years of Covid-19 pandemic disruptions, Namib Desert Diamonds (Namdia) navigated the negative impact as it performed well during the 2021/22 financial year (New Era Newspaper)

Minister of Finance Iipumbui Shiimi will table the budget 2022/23 midterm budget review in parliament this afternoon.  (The Namibian)

Sub-Sahara News

Union Solidarity plans to take legal action against Dis-Chem in the Labour Court, because it believes the company overstepped by imposing an "absolute barrier" when it came to staff hires. (News24)

Rishi Sunak will be named the U.K.‘s new prime minister, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss’ resignation. (CNBC Africa)

The Court of Appeal in Abuja on Monday rejected the Nigerian government's application for adjournment of a hearing relating to the judgment freeing Nnamdi Kanu from detention. A three-member panel of the Court of Appeal led by Oludotun Adefope-Okojie had on 13 October dismissed the terrorism and treasonable felony charges against the leader of the proscribed Indigenous People of Biafra (IPOB) (All Africa News)

International News

Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the International Energy Agency (IEA) said on Tuesday. (Reuters)

Asian stocks ended broadly higher on Tuesday, although Chinese markets slipped after the country delayed the release of its latest economic growth figures along with other key economic indicators amid the weeklong 20th Communist Party National Congress. (RTT News)

Western countries have accused Russia of plotting to use a threat of a dirty bomb laced with nuclear material as a pretext for escalation in Ukraine as Moscow evacuated civilians from a southern city in anticipation of a major battle. (Aljazeera News)

NSX DAILY UPDATE (21 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 719,701.00 21,431,285.8099.48%
ETFs 700.00 112,357.000.52%
Total 720,401.00 21,543,642.80 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 21,431,285.80 worth of shares was traded on the NSX on Friday with about N$ 1,509,906 worth of Anglo-American and N$   68,213 worth of Namibia Breweries on the home front. ETFs worth N$ 112,357.00 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were traded with a decline at closing as the market displayed mixed feelings, amid the new Chinese leadership, the Fed expectations, and the Fear & Greed Index indicated signs of fear in the global economy.
  • Shares belonging to Namibia Breweries were traded on the local bourse, resulting in a 4.44% increase at closing
  • New Gold Platinum ETF N was traded resulting in a slight decline at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0047.004.44%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM544.25553.201.64%
B2Gold CorporationB2G53.4554.261.52%
Oceana Group LimitedOCG52.5053.371.66%
Mediclinic International PlcMEP101.32100.60-0.71%
TruworthsTRW52.2451.53-1.36%
Nedbank Group LimitedNBK207.47206.78-0.33%
Standard Bank GroupSNB165.22165.930.43%
Shoprite HoldingsSRH224.15221.75-1.07%
FirstRand LimitedFST62.1561.85-0.48%
Momentum Metropolitan HoldingsMMT16.3415.92-2.57%
Old Mutual LtdOMM10.1410.03-1.08%
Sanlam LimitedSLA51.7451.15-1.14%
Santam LimitedSNM256.59251.64-1.93%
Vukile Property Fund LimitedVKN13.7013.35-2.55%
Investec LimitedIVD83.6584.330.81%
PSG Konsult LimitedKFS11.0410.94-0.91%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD278.80279.140.12%
New Gold Palladium ETFNGNPLD366.06352.54-3.69%
New Gold Platinum ETF NNGNPLT160.91160.58-0.21%
New Funds S&P NAM BondNFNAMA17.1417.140.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.14
EUR/NAD17.88
GBP/NAD20.64
EUR/GBP0.86
EUR/USD0.98
GBP/USD1.13
AUD/USD0.63
USD/JPY148.95
Commodities @ 08:00 
Gold1,624.90
Silver19.31
Platinum944.55
Palladium2,036.03
WTI84.29
Brent90.61

Table 5: Exchange Rates and Commodities 


Local News

The Capricorn Foundation has pledged N$500,000 towards the Project BeFree Centre of Excellence at the One Economy Fundraiser gala dinner (Sun Newspaper)

Sperrgebiet Diamond Mining (Pty) (SDM) this week confirmed a majority equity investment by Global Emerging Markets Group (GEM) (New Era Newspaper)

The Australian mining company, Noronex Limited, exploring for copper around the Witvlei area in the Omaheke region  (The Namibian)

Sub-Sahara News

Transnet is a company in trouble and it is time to sound the alarm. It has lost skills and capacity and has been hit by a succession of problems, some beyond its control. The parallels with Eskom are alarming: falling capacity, deferred maintenance, substantial debt, and constraints on cash flow. (News24)

South Africa’s plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations have pledged to the project over the next three to five years, (CNBC Africa)

The US and UK governments have warned their citizens of possible terror attacks in Nigeria, particularly in the capital, Abuja.. (All Africa News)

International News

Russia fired missiles and drones into the Ukrainian-held southern town of Mykolaiv, destroying an apartment block, and said the war was trending towards "uncontrolled escalation" in a flurry of telephone calls to Western defense ministers. (Reuters)

Asian stocks ended mixed on Monday after reports suggested that Apple has put on hold plans to use memory chips from China's Yangtze Memory Technologies Co. in its products. (RTT News)

North and South Korea have exchanged warning shots off their western coast, accusing each other of breaching their maritime border amid heightened tensions over Pyongyang’s weapons tests. (Aljazeera News)

NSX DAILY UPDATE (20 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 119,804.00 8,071,278.4595.37%
ETFs 2,500.00 391,575.254.63%
Total 122,304.00 8,462,853.70 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 8,071,278.45 worth of shares was traded on the NSX on Thursday with about N$ 695,575 worth of Anglo-American and N$ 410,445 worth of Namibia Breweries on the home front. ETFs worth N$ 391,575.25 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were traded with no change in share price at closing
  • Shares belonging to Namibia Breweries were traded on the local bourse, with no change in share price
  • New Gold Platinum ETF N was traded resulting in an increase in share price.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS45.0045.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6230.620.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.682.680.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM541.34544.250.54%
B2Gold CorporationB2G54.2953.45-1.55%
Oceana Group LimitedOCG54.5552.50-3.76%
Mediclinic International PlcMEP101.49101.32-0.17%
TruworthsTRW52.8152.24-1.08%
Nedbank Group LimitedNBK208.56207.47-0.52%
Standard Bank GroupSNB163.26165.221.20%
Shoprite HoldingsSRH226.20224.15-0.91%
FirstRand LimitedFST62.6462.15-0.78%
Momentum Metropolitan HoldingsMMT16.0216.342.00%
Old Mutual LtdOMM10.1110.140.30%
Sanlam LimitedSLA51.9951.74-0.48%
Santam LimitedSNM255.35256.590.49%
Vukile Property Fund LimitedVKN13.8113.70-0.80%
Investec LimitedIVD83.2783.650.46%
PSG Konsult LimitedKFS10.7911.042.32%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD278.08278.800.26%
New Gold Palladium ETFNGNPLD351.75366.064.07%
New Gold Platinum ETF NNGNPLT157.46160.912.19%
New Funds S&P NAM BondNFNAMA17.1817.14-0.23%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.33
EUR/NAD17.91
GBP/NAD20.50
EUR/GBP0.87
EUR/USD0.97
GBP/USD1.12
AUD/USD0.62
USD/JPY150.31
Commodities @ 08:00 
Gold1,625.05
Silver18.47
Platinum910.05
Palladium2,051.50
WTI84.52
Brent92.41

Table 5: Exchange Rates and Commodities 


Local News

The environment ministry has, throughout the last six months, updated, aligned, and developed several key national documents to boost the country’s efforts against climate change and mobilize the necessary funding to do so (Sun Newspaper)

Sperrgebiet Diamond Mining (Pty) (SDM) this week confirmed a majority equity investment by Global Emerging Markets Group (GEM) (New Era Newspaper)

The ministry of mines and energy Tom Alweendo says they do not investigate people who no longer work at the ministry, amid concerns that officials are enriching themselves before (The Namibian)

Sub-Sahara News

Eskom chairman Mpho Makwana says he is in no rush to fire executives but the bigger question will be whether he and CEO Andre de Ruyter have positive chemistry. (News24)

U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. (CNBC Africa)

Africa has the natural resources and the policies required to tackle poverty and hunger - but these policies are not effectively implemented. Noting the impact of Russia's invasion of Ukraine on the continent's food systems and the innovations introduced to respond to the COVID-19 pandemic, SIFISO NTOMBELA provides practical measures to improve food security, also arguing that exporting food can be a source of economic strength. (All Africa News)

International News

The United States has said Iranian military trainers were in Crimea helping Russian forces operate Iranian-made drones to attack targets in Ukraine, adding an alarming strand to a war that has heightened geopolitical tensions. (Reuters)

European stocks rose on Friday to extend gains from the previous session amid hopes that U.S. inflation may have peaked around 8 percent and would trend lower in the coming months (RTT News)

European Union leaders have failed to reach an agreement on a plan to help protect their citizens from surging energy prices, despite hours of wrangling at a summit in Brussels. (Aljazeera News)


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