Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	308,099.00	9,407,501.81	100.00%
ETFs	-	-	0.00%
Total	308,099.00	9,407,501.81	100.00%

NSX Activities

A total of N$ 9,407,501.81 worth of shares was traded on the NSX on Monday with about N$ 10,149 worth of shares belonging to Anglo-American plc and N$ 1,322,987 worth of shares belonging to Oryx Properties Limited trades occurred on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were traded resulting in a slight increase in the company’s share price by 0.1%
• Oryx Properties’ shares exchanged hands with a slight decline  in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.00	35.99	-0.03%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	38.50	38.50	0.00%
Standard Bank Namibia	SNO	7.99	7.99	0.00%
Oryx Limited	ORY	11.99	11.98	-0.08%
Letshego	LHN	3.85	3.85	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	565.65	566.33	0.12%
B2Gold Corporation	B2G	79.15	78.68	-0.59%
Oceana Group Limited	OCG	67.50	67.00	-0.74%
Mediclinic International Plc	MEP	118.43	116.82	-1.36%
Truworths	TRW	50.48	49.43	-2.08%
Nedbank Group Limited	NBK	209.14	208.85	-0.14%
Standard Bank Group	SNB	156.22	156.30	0.05%
Shoprite Holdings	SRH	203.62	203.72	0.05%
FirstRand Limited	FST	61.60	61.48	-0.19%
Momentum Metropolitan Holdings	MMT	17.58	17.39	-1.08%
Old Mutual Ltd	OMM	11.25	11.17	-0.71%
Sanlam Limited	SLA	53.00	52.76	-0.45%
Santam Limited	SNM	268.44	267.15	-0.48%
Vukile Property Fund Limited	VKN	11.85	11.96	0.93%
Investec Limited	IVD	103.99	103.27	-0.69%
PSG Konsult Limited	KFS	11.55	12.29	6.41%

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	361.04	357.32	-1.03%
New Gold Palladium ETF	NGNPLD	293.18	281.64	-3.94%
New Gold Platinum ETF N	NGNPLT	203.28	195.02	-4.06%
New Funds S&P NAM Bond	NFNAMA	18.29	18.23	-0.33%

Exchange Rates @ 07:00
USD/NAD	19.12
EUR/NAD	20.79
GBP/NAD	23.93
EUR/GBP	0.86
EUR/USD	1.08
GBP/USD	1.25
AUD/USD	0.66
USD/JPY	135.9
Commodities @ 07:00
Gold	2,017.25
Silver	24.07
Platinum	1,067.50
Palladium	1.527.78
WTI	71.20
Brent	75.35

Local News

The Electricity Control Board (ECB) is not impressed with the manner in which the country’s power utility, NamPower, is handling its debt-collection affairs - a situation which has resulted in it being owed over N$1 billion by defaulting clients. (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)

The Namibia Financial Institutions Supervisory Authority (Namfisa) has revoked the license of a company accused of diverting N$7,3 million in pension funds meant to build a school. (The Namibian Newspaper)

Sub-Sahara News

Dis-Chem founder Ivan Saltzman is stepping down as CEO – but his decision to remain in an executive role has raised some questions about whether he is really relinquishing power. (News24)

Nigeria needs $12 billion to clean up decades-old oil spills in southern Bayelsa state over a 12-year period, a new report said on Tuesday and singled out Shell SHEL.L and Eni ENI.MI for being responsible for most of the pollution. (CNBC Africa)

The world is facing significant demographic changes. In addition, we are more at risk for new infectious outbreaks than ever before. Climate change threatens to make all these challenges even worse. (AllAfrica News)

International News

Russia launched an exceptionally intense air attack on Kyiv in the early hours of Tuesday, using drones, cruise, and probably ballistic missiles, city officials said, as the Ukrainian capital suffered its eighth air raid this month. (Reuters News)

China's exports grew at a slower pace in April and imports posted a sharp decline signaling that the expected rebound in the economy after the lifting of Covid controls is unlikely to last long. (RTT News)

Ukraine’s capital Kyiv has come under a Russian aerial attack involving drones, cruise, and ballistic missiles in what one Ukrainian military official described as an “exceptional” onslaught involving the highest number of missiles fired by Moscow in the shortest time and from different directions. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	28,463.00	3,001,053.97	99.39%
ETFs	1,005.00	18,562.35	0.61%
Total	29,468.00	3,019,616.32	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,001,053.97 worth of shares was traded on the NSX on Monday, with about N$ 1,801,138 worth of shares belonging to Anglo-American plc and N$ 28,800 worth of shares belonging to Namibia Breweries trades occurred on the home front. ETFs worth N$ 18,562.35 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were traded resulting in a decline  in the company’s share price by 1.5%
• Namibia Breweries’ shares exchanged hands with no change in share price at closing
• Satrix S&P Namibia Bond ETF (prev. NewFunds S&P Namibia Bond ETF) was traded on the secondary market resulting in no change in price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.00	36.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.70	13.71	0.07%
First Rand Namibia	FNB	38.03	38.03	0.00%
Standard Bank Namibia	SNO	7.99	7.99	0.00%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.06	7.06	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	579.00	570.55	-1.46%
B2Gold Corporation	B2G	75.75	75.32	-0.57%
Oceana Group Limited	OCG	67.76	69.10	1.98%
Mediclinic International Plc	MEP	115.00	116.38	1.20%
Truworths	TRW	51.60	51.03	-1.10%
Nedbank Group Limited	NBK	210.12	212.31	1.04%
Standard Bank Group	SNB	163.74	165.15	0.86%
Shoprite Holdings	SRH	210.12	207.45	-1.27%
FirstRand Limited	FST	63.48	63.67	0.30%
Momentum Metropolitan Holdings	MMT	18.28	18.29	0.05%
Old Mutual Ltd	OMM	11.63	11.55	-0.69%
Sanlam Limited	SLA	55.23	54.47	-1.38%
Santam Limited	SNM	270.00	266.60	-1.26%
Vukile Property Fund Limited	VKN	12.29	12.10	-1.55%
Investec Limited	IVD	103.27	103.33	0.06%
PSG Konsult Limited	KFS	13.00	12.40	-4.62%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	345.17	350.45	1.53%
New Gold Palladium ETF	NGNPLD	280.08	281.80	0.61%
New Gold Platinum ETF N	NGNPLT	191.15	194.73	1.87%
New Funds S&P NAM Bond	NFNAMA	18.42	18.42	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.63
EUR/NAD	20.44
GBP/NAD	23.51
EUR/GBP	0.86
EUR/USD	1.09
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	135.33
Commodities @ 07:00
Gold	2,036.75
Silver	25.82
Platinum	1,121.50
Palladium	1,568.03
WTI	73.24
Brent	76.95

Table 5: Exchange Rates and Commodities 

Local News

A study commissioned by the World Bank has concluded that there is no need for the National Equitable Economic Empowerment (NEEEF) Bill, set to be introduced at a time when value addition and local empowerment are pushed in Namibia’s green hydrogen and oil and gas industry (Sun Newspaper)

The Institute for Public Policy Research (IPPR) has cautioned that while Namibia is making progress in building new electricity-generating capacity, progress is not fast enough, and will not be sufficient to completely replace imports. The IPPR stated that this precarious situation is likely to last several years until the end of the decade. (New Era Newspaper)

Minister of Mines and Energy Tom Alweendo has revoked the lithium mining license issued to Xinfeng Investments on 6 September last year for exclusive prospecting near Omaruru. (The Namibian Newspaper)

Sub-Sahara News

SAPS boss Fannie Masemola and Hawks chief Godfrey Lebeya faced Parliament's Standing Committee on Public Accounts on Tuesday. Both were evasive when asked to explain how they responded to allegations made by De Ruyter. (News24)

South African police said on Tuesday that former Eskom chief executive officer Andre de Ruyter had not provided them with enough specifics to open criminal investigations into alleged corruption at the power utility. (CNBC Africa)

The National Basketball Association (NBA) in the United States, which has hundreds of players from across the globe - including Africa - is without a doubt the greatest level of professional basketball.. (All Africa News)

International News

Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar, a jury decided on Tuesday. (Reuters)

Unemployment data from the euro area, Spain and Italy are due on Wednesday, headlining a light day for the European economic news. (RTT News)

The chief of Russia’s Wagner Group has accused a Russian military unit of fleeing positions near Bakhmut in eastern Ukraine, in his latest scathing attack against Moscow’s military leadership. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	40,612.00	2,315,658.62	60.08%
ETFs	16,880.00	1,538,496.80	39.92%
Total	57,492.00	3,854,155.42	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 2,315,658.62 worth of shares was traded on the NSX on Thursday with about N$ 58,999 worth of shares belonging to Vukile Property Fund Limited and no trades occurred on the home front. ETFs worth N$ 1,538,496.80   were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Vukile Property Fund’s shares slightly increased causing a slight increase in the company’s share price by 0.1%
• New Gold Platinum ETF N was traded on the secondary market resulting in a decline in price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.70	13.70	0.00%
First Rand Namibia	FNB	38.03	38.03	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.07	7.07	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	556.19	545.39	-1.94%
B2Gold Corporation	B2G	74.68	73.44	-1.66%
Oceana Group Limited	OCG	67.83	65.53	-3.39%
Mediclinic International Plc	MEP	113.62	114.78	1.02%
Truworths	TRW	52.18	49.71	-4.73%
Nedbank Group Limited	NBK	208.81	203.80	-2.40%
Standard Bank Group	SNB	168.00	160.11	-4.70%
Shoprite Holdings	SRH	217.62	211.97	-2.60%
FirstRand Limited	FST	63.91	61.87	-3.19%
Momentum Metropolitan Holdings	MMT	18.49	17.89	-3.24%
Old Mutual Ltd	OMM	11.71	11.30	-3.50%
Sanlam Limited	SLA	55.88	53.90	-3.54%
Santam Limited	SNM	279.16	271.41	-2.78%
Vukile Property Fund Limited	VKN	12.43	12.44	0.08%
Investec Limited	IVD	101.35	99.15	-2.17%
PSG Konsult Limited	KFS	13.21	13.25	0.30%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	343.71	350.50	1.98%
New Gold Palladium ETF	NGNPLD	253.21	253.38	0.07%
New Gold Platinum ETF N	NGNPLT	186.76	184.10	-1.42%
New Funds S&P NAM Bond	NFNAMA	18.53	18.23	-1.62%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.27
EUR/NAD	20.16
GBP/NAD	23.02
EUR/GBP	0.87
EUR/USD	1.10
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	134.00
Commodities @ 07:00
Gold	2,054.00
Silver	26.28
Platinum	1,055.75
Palladium	1,448.03
WTI	69.13
Brent	73.14

Table 5: Exchange Rates and Commodities 

Local News

Mercia Geises, the chief executive of locally-listed SBN Holdings, has resigned. (Sun Newspaper)

Agribank reminded farmers to make use of its production loan facility in light of the looming drought in Namibia that has resulted from the poor and delayed rainfall patterns. (New Era Newspaper)

The Ministry of Health and Social Services has been struggling with staff shortages, operating at only 60% capacity as reported in March 2022. (The Namibian Newspaper)

Sub-Sahara News

An updated protocol, which provides strategic direction to Eskom and municipalities on how load shedding should be managed, is ready for submission to the National Energy Regulator of SA. (News24)

Germany supports the African Union’s bid to get a seat at the G20 group of large economies, Chancellor Olaf Scholz said on Thursday during his second trip to Africa, as the West seeks to woo the continent away from growing rivals like China. (CNBC Africa)

South Africa's food industry could be under threat due to ongoing power cuts and rising operational costs, potentially leading to food shortage (All Africa News)

International News

When China sailed one of its two active aircraft carriers, the Shandong, east of Taiwan last month as part of military drills surrounding the island, it was showcasing a capability that it has yet to master and could take years to perfect (Reuters)

European stocks are likely to open higher on Friday after Apple's fiscal second-quarter earnings beat market expectations. The Cupertino-based tech giant has achieved a record revenue of $94.8 billion and a profit of $24 billion in the March quarter. (RTT News)

At least eight people have been killed and 13 injured after a gunman in a moving car opened fire on passers-by in a town south of the Serbian capital and went on the run (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	42,911.00	2,770,554.07	100.00%
ETFs	-	-	0.00%
Total	42,911.00	2,770,554.07	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 2,770,554.07 worth of shares was traded on the NSX on Tuesday with about N$ 118,569 worth of shares belonging to Anglo-American plc and N$   176,750 worth of shares belonging to Capricorn Group Limited trades occurred on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares continue to decline as the JSE meltdown continues resulting to the company share price declining by 2.4%
• Capricorn Group’s shares were traded on the domestic bourse resulting in a decline of 8.6% in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.00	-0.03%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	14.99	13.70	-8.61%
First Rand Namibia	FNB	38.00	38.03	0.08%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	560.70	547.37	-2.38%
B2Gold Corporation	B2G	73.93	72.59	-1.81%
Oceana Group Limited	OCG	67.00	70.18	4.75%
Mediclinic International Plc	MEP	114.64	115.07	0.38%
Truworths	TRW	54.38	53.40	-1.80%
Nedbank Group Limited	NBK	211.05	208.00	-1.45%
Standard Bank Group	SNB	171.29	168.25	-1.77%
Shoprite Holdings	SRH	222.95	217.38	-2.50%
FirstRand Limited	FST	64.36	64.18	-0.28%
Momentum Metropolitan Holdings	MMT	18.50	18.51	0.05%
Old Mutual Ltd	OMM	11.62	11.70	0.69%
Sanlam Limited	SLA	56.43	55.92	-0.90%
Santam Limited	SNM	283.93	283.22	-0.25%
Vukile Property Fund Limited	VKN	12.62	12.58	-0.32%
Investec Limited	IVD	100.60	102.07	1.46%
PSG Konsult Limited	KFS	13.10	13.01	-0.69%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	339.68	343.35	1.08%
New Gold Palladium ETF	NGNPLD	271.45	270.06	-0.51%
New Gold Platinum ETF N	NGNPLT	189.48	194.86	2.84%
New Funds S&P NAM Bond	NFNAMA	18.48	18.23	-1.35%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.45
EUR/NAD	20.33
GBP/NAD	23.04
EUR/GBP	0.87
EUR/USD	1.13
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	135.95
Commodities @ 07:00
Gold	2,023.75
Silver	25.49
Platinum	1,071.60
Palladium	1,423.03
WTI	71.61
Brent	75.33

Table 5: Exchange Rates and Commodities 

Local News

The Employment Equity Commission (EEC) has blamed its failure to release any equity reports since 2020 on Covid-19 and a South African company that allegedly ‘ran away’ with collected data because of a dispute. (Sun Newspaper)

The Electricity Control Board’s (ECB) financial position remains sound, but the reduced electricity consumption levels over the past five years are not expected to recover instantly, given the prevailing economic downturn, which remains a concern for the ECB’s future revenue projections. (New Era Newspaper)

The government has been advised to consider setting up a new company where private investors and farmers will have shareholding to avoid the collapse of the Meat Corporation of Namibia (Meatco). (The Namibian Newspaper)

Sub-Sahara News

One of Cosatu's biggest affiliates, the SA Democratic Teachers Union, is taking it to court over a congress resolution to support the SACP. (News24)

German Chancellor Olaf Scholz aims to discuss the conflict in Sudan, signal his support for the peace process in Ethiopia, and explore cooperation on green hydrogen with Kenya during his trip to East Africa this week, officials said on Tuesday. (CNBC Africa)

Parliament has reconsidered the Anti-Homosexuality Bill 2023 and passed it with amendments to the 4 clauses that President Yoweri Museveni objected to. (All Africa News)

International News

Tesla Inc (TSLA.O) has resumed taking orders for its Model 3 long-range version in the United States, the company's website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. (Reuters)

Asian stocks fell on Wednesday, although regional losses remained capped by consensus-beating earnings results from tech giants Microsoft and Alphabet. (RTT News)

Russia’s defense minister has urged a state company to double its production of missiles as an expected Ukrainian counteroffensive looms and both Moscow’s and Kyiv’s forces are reportedly experiencing ammunition constraints. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	143,439.00	13,115,370.99	100.00%
ETFs	-	-	0.00%
Total	143,439.00	13,115,370.99	100.00%

   Table 1: NSX Trades

NSX Activities

A total of N$ 13,115,370.99 worth of shares was traded on the NSX on Friday with about N$ 1,394,289 worth of shares belonging to Anglo-American plc and N$ 242,850 worth of shares belonging to Capricorn Group Limited trades occurred on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares decline as investors sell off some shares.  
• Capricorn Group’s shares were traded on the domestic bourse resulting in a slight decrease of 0.1% in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	15.00	14.99	-0.07%
First Rand Namibia	FNB	38.00	38.00	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	12.00	11.99	-0.08%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

   Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	561.58	560.70	-0.16%
B2Gold Corporation	B2G	73.93	73.93	0.00%
Oceana Group Limited	OCG	68.34	67.00	-1.96%
Mediclinic International Plc	MEP	113.94	114.64	0.61%
Truworths	TRW	55.07	54.38	-1.25%
Nedbank Group Limited	NBK	210.13	211.05	0.44%
Standard Bank Group	SNB	170.32	171.29	0.57%
Shoprite Holdings	SRH	222.00	222.95	0.43%
FirstRand Limited	FST	63.74	64.36	0.97%
Momentum Metropolitan Holdings	MMT	18.34	18.50	0.87%
Old Mutual Ltd	OMM	11.36	11.62	2.29%
Sanlam Limited	SLA	55.88	56.43	0.98%
Santam Limited	SNM	281.05	283.93	1.02%
Vukile Property Fund Limited	VKN	12.59	12.62	0.24%
Investec Limited	IVD	99.90	100.60	0.70%
PSG Konsult Limited	KFS	12.93	13.10	1.31%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	339.68	343.35	1.08%
New Gold Palladium ETF	NGNPLD	271.45	270.06	-0.51%
New Gold Platinum ETF N	NGNPLT	189.48	194.86	2.84%
New Funds S&P NAM Bond	NFNAMA	18.48	18.23	-1.35%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.37
EUR/NAD	20.18
GBP/NAD	22.95
EUR/GBP	0.87
EUR/USD	1.10
GBP/USD	1.24
AUD/USD	0.67
USD/JPY	133.62
Commodities @ 07:00
Gold	1,991.95
Silver	25.12
Platinum	1,062.25
Palladium	1,455.53
WTI	75.58
Brent	79.22

Table 5: Exchange Rates and Commodities 

Local News

A Finnish business delegation accompanying President Sauli Niinistö to Namibia is looking to invest in the country’s mining and green hydrogen areas. (Sun Newspaper)

OK Foods, one of only two food retailers in Lüderitz, is seeking the High Court’s assistance to get its store up and running again after it was shut down by the municipality for failing a health inspection. The company is claiming the municipality has no right to arbitrarily suspend business operations of its store at the detriment of the clients and workers, who face retrenchments (New Era Newspaper)

Namibia’s mining sector recorded a year of strong growth of 21,6% in 2022 compared to 11% in 2021, on the back of good performance by the diamond sector. (The Namibian Newspaper)

Sub-Sahara News

The Government Employees Pension Fund is the country's biggest investor in fossil fuel companies, but it says that "first world" nations have to do the heavy lifting when it comes to reducing emissions. (News24)

Investors put their cash in the relative safety of global money market funds in the seven days to April 26, on worries over a slowdown in global economic activity with the recent decline in U.S. companies’ quarterly earnings feeding pessimism. (CNBC Africa)

South African Federation of Trade Unions (SAFTU) General Secretary Zwelinzima Vavi has urged the government to increase the number of public servants and improve their salaries, (SABC News)

International News

China is increasingly barring people from leaving the country, including foreign executives, a jarring message as the authorities say the country is open for business after three years of tight COVID-19 restrictions. (Reuters)

Asian stocks ended mostly lower in thin trading on Tuesday, with Australian and New Zealand markets closed for a public holiday (RTT News)

Russians have suffered 100,000 casualties, including 20,000 killed, since a war of attrition intensified in Ukraine’s Donetsk region in December, according to an estimate by the White House, as Kyiv readies for a new counteroffensive against Moscow’s forces. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	4,558,181.00	231,467,031.34	99.39%
ETFs	7,330.00	1,414,690.00	0.61%
Total	4,565,511.00	232,881,721.34	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 232,881,721.34 worth of shares was traded on the NSX on Monday with about N$ 39,982,505 worth of shares belonging to Anglo-American plc and N$ 1,491,196 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 1,414,690.00 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares continue to be sold-off by market participants, resulting in a decrease in share price by 1.2% at closing
• The shares belonging to FirstRand were traded on the domestic stock exchange, resulting in an increase by 2.5% in share price at the end of the trading day
• New Gold Platinum ETF N ETF was subscribed by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	15.00	15.00	0.00%
First Rand Namibia	FNB	37.06	38.00	2.54%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	12.00	12.00	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	574.39	567.75	-1.16%
B2Gold Corporation	B2G	74.34	74.79	0.61%
Oceana Group Limited	OCG	71.00	70.85	-0.21%
Mediclinic International Plc	MEP	111.86	112.54	0.61%
Truworths	TRW	55.21	54.71	-0.91%
Nedbank Group Limited	NBK	207.50	206.78	-0.35%
Standard Bank Group	SNB	169.10	168.97	-0.08%
Shoprite Holdings	SRH	219.63	219.50	-0.06%
FirstRand Limited	FST	62.73	63.03	0.48%
Momentum Metropolitan Holdings	MMT	17.92	18.37	2.51%
Old Mutual Ltd	OMM	11.37	11.35	-0.18%
Sanlam Limited	SLA	55.68	55.48	-0.36%
Santam Limited	SNM	293.05	289.60	-1.18%
Vukile Property Fund Limited	VKN	12.75	12.67	-0.63%
Investec Limited	IVD	98.28	99.05	0.78%
PSG Konsult Limited	KFS	12.89	13.00	0.85%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	333.39	335.64	0.67%
New Gold Palladium ETF	NGNPLD	281.31	273.04	-2.94%
New Gold Platinum ETF N	NGNPLT	195.15	191.20	-2.02%
New Funds S&P NAM Bond	NFNAMA	18.38	18.32	-0.33%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.16
EUR/NAD	20.07
GBP/NAD	22.68
EUR/GBP	0.88
EUR/USD	1.10
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	134.18
Commodities @ 07:00
Gold	2,006.30
Silver	25.45
Platinum	1,101.85
Palladium	1,530.53
WTI	78.73
Brent	82.53

Table 5: Exchange Rates and Commodities 

Local News

TransNamib is challenging the status of Challenge Air local agent Wilhelm Shali to act on behalf of the liquidated Belgian airline. (Sun Newspaper)

German chancellor Olaf Scholz said his country wants to help mineral-rich countries build their processing infrastructure to cut dependency on China and source it straight from countries like Namibia, Indonesia, and Chile. (New Era Newspaper)

The cost of living in Namibia has become unbearable for most households, with some food prices having more than doubled over the past decade (The Namibian Newspaper)

Sub-Sahara News

The utility expects energy efficiency and other savings efforts could free up some 1.5GW in power capacity. (News24)

The executive board of the International Monetary Fund on Monday approved the first review of Tanzania’s three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement. (CNBC Africa)

Eskom board chairperson Mpho Makwana has revealed that the power utility has narrowed down its search for a new CEO to five candidates, (All Africa News)

International News

Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million in a defamation lawsuit in which Carlson played a starring role. (Reuters)

Asian markets moved mixed on Tuesday despite China's GDP data surprising with more than expected growth in the first quarter. (RTT News)

Netflix has announced it will spend $2.5bn on South Korean content in the latest sign of Korean culture’s explosive popularity worldwide. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	3,330,644.00	120,086,082.73	98.11%
ETFs	8,879.00	2,307,223.40	1.89%
Total	3,339,523.00	122,393,306.13	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 120,086,082.73 worth of shares was traded on the NSX on Friday with about N$ 6,001,598 worth of shares belonging to Anglo-American plc and N$765,000 worth of Capricorn Group on the home front. ETFs worth N$ 2,307,223.40 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were sold off by market participants, resulting in a decrease in share price by -5.8% at closing
• The shares belonging to Capricorn Group were traded on the domestic stock exchange, resulting in no change in share price at the end of the trading day
• ETFs displayed mixed-market sentiments whereas volatile behavior was observed

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	15.00	15.00	0.00%
First Rand Namibia	FNB	37.05	37.06	0.03%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	12.00	12.00	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	609.86	574.39	-5.82%
B2Gold Corporation	B2G	73.64	74.34	0.95%
Oceana Group Limited	OCG	70.35	71.00	0.92%
Mediclinic International Plc	MEP	111.37	111.86	0.44%
Truworths	TRW	54.61	55.21	1.10%
Nedbank Group Limited	NBK	207.00	207.50	0.24%
Standard Bank Group	SNB	168.86	169.10	0.14%
Shoprite Holdings	SRH	221.13	219.63	-0.68%
FirstRand Limited	FST	62.77	62.73	-0.06%
Momentum Metropolitan Holdings	MMT	18.26	17.92	-1.86%
Old Mutual Ltd	OMM	11.52	11.37	-1.30%
Sanlam Limited	SLA	56.45	55.68	-1.36%
Santam Limited	SNM	293.34	293.05	-0.10%
Vukile Property Fund Limited	VKN	12.98	12.75	-1.77%
Investec Limited	IVD	99.79	98.28	-1.51%
PSG Konsult Limited	KFS	13.07	12.89	-1.38%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	336.81	333.39	-1.02%
New Gold Palladium ETF	NGNPLD	280.96	281.31	0.12%
New Gold Platinum ETF N	NGNPLT	190.41	195.15	2.49%
New Funds S&P NAM Bond	NFNAMA	18.37	18.38	0.05%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.07
EUR/NAD	19.88
GBP/NAD	22.48
EUR/GBP	0.88
EUR/USD	1.10
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	134.01
Commodities @ 07:00
Gold	1,994.10
Silver	25.28
Platinum	1,141.30
Palladium	1,602.00
WTI	77.95
Brent	81.46

Table 5: Exchange Rates and Commodities 

Local News

A train carrying manganese to Lüderitz derailed about 40km outside Aus yesterday afternoon. According to TransNamib spokesperson Abigail Raubenheimer, two people died in the accident. (Sun Newspaper)

Bank Windhoek’s Chief Treasurer, Claire Hobbs, said with the recent discovery of oil and gas off Namibia’s coast and the finds of highly sought-after lithium, Namibia is becoming an attractive prospect for direct foreign investment, fast-tracking it for economic growth needs. Hobbs shared these remarks at a stakeholder event that hosted several key coastal customers for breakfast in Walvis Bay last week. (New Era Newspaper)

President Hage Geingob has told his South African counterpart Cyril Ramaphosa that they should profit from the recent oil discoveries in Namibia. (The Namibian Newspaper)

Sub-Sahara News

Due to a slight improvement in the generation, Stage 4 load shedding will be implemented from 16:00 on Sunday until 05:00 on Monday. It will then be followed by Stage 3 from 05:00 to 16:00. This pattern of Stage 3 and Stage 4 load shedding will be repeated daily until further notice, Eskom said in a statement. (News24)

Copper 360, a South African red metal producer, today listed on the JSE, the second listing for Africa’s largest stock exchange this year amid an economic meltdown that has constrained economic activity and company growth. (CNBC Africa)

As fighting continues in and around Khartoum, countries including Jordan, Hungary, Saudi Arabia, Iraq, South Korea, and Greece, are racing against time to evacuate their citizens from Sudan. Others continue to advise their nationals to 'shelter in place'. However, a statement today by the Sudan Armed Forces (SAF) assures that diplomats and nationals from the UK, US, France, and China will be evacuated by air "in the coming hours. (All Africa News)

International News

The armed forces of the United States and the United Kingdom have evacuated embassy staff from Sudan, while other nations rushed to get their citizens to safety as rival military factions battled in the capital Khartoum on Sunday. (Reuters)

Markets in Europe are expected to open on a positive note on Monday amidst hawkish comments from Fed officials and pending economic data releases from China. (RTT News)

Former Peruvian President Alejandro Toledo has returned to Peru from the United States to face charges of money laundering and corruption during his mandate. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	232,805.00	8,546,679.20	24.36%
ETFs	141,880.00	26,532,781.11	75.64%
Total	374,685.00	35,079,460.31	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,546,679.20  worth of shares was traded on the NSX on Tuesday with about N$  71,646 worth of shares belonging to Anglo-American plc and N$  4,733,607 worth of Namibia Breweries on the home front. ETFs worth N$ 26,532,781.11 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were bought by market participants on the overall bourse, resulting in an increase by 3.4% in share price at closing
• The shares belonging to Namibia Breweries were traded on the domestic stock exchange, resulting in no change in share price at the end of the trading day.
• New Gold Platinum ETF N & New Gold Issuer Ltd NM ETF was subscribed by market participants with no change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	14.15	14.15	0.00%
First Rand Namibia	FNB	37.05	37.05	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	611.38	631.92	3.36%
B2Gold Corporation	B2G	77.39	77.15	-0.31%
Oceana Group Limited	OCG	70.99	70.99	0.00%
Mediclinic International Plc	MEP	113.14	112.87	-0.24%
Truworths	TRW	54.55	54.55	0.00%
Nedbank Group Limited	NBK	209.86	206.07	-1.81%
Standard Bank Group	SNB	169.16	167.51	-0.98%
Shoprite Holdings	SRH	220.35	221.48	0.51%
FirstRand Limited	FST	63.55	62.20	-2.12%
Momentum Metropolitan Holdings	MMT	17.75	18.04	1.63%
Old Mutual Ltd	OMM	11.45	11.29	-1.40%
Sanlam Limited	SLA	56.06	56.15	0.16%
Santam Limited	SNM	282.09	285.97	1.38%
Vukile Property Fund Limited	VKN	13.05	13.07	0.15%
Investec Limited	IVD	97.37	97.66	0.30%
PSG Konsult Limited	KFS	13.05	13.01	-0.31%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	338.51	338.51	0.00%
New Gold Palladium ETF	NGNPLD	274.68	274.68	0.00%
New Gold Platinum ETF N	NGNPLT	184.44	184.44	0.00%
New Funds S&P NAM Bond	NFNAMA	18.59	18.59	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.18
EUR/NAD	19.93
GBP/NAD	22.60
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.67
USD/JPY	134.51
Commodities @ 07:00
Gold	2,011.85
Silver	25.18
Platinum	1,086.80
Palladium	1,622.03
WTI	80.66
Brent	84.50

Table 5: Exchange Rates and Commodities 

Local News

French automaker PSA Automobiles SA is suing the Namibian government for its inability to allow it to compete competitively in the southern African market, effectively leading to its failure. (Sun Newspaper)

For the past three financial years, auditor general Junias Kandjeke has given the New Era Publication Corporation clean audit opinions, a feat its CEO attributes to good governance. (New Era Newspaper)

Namibia’s biggest gold mine, B2Gold Namibia, which last week announced a phased closure process, has for the past nine years sold gold worth over N$25 billion. (The Namibian Newspaper)

Sub-Sahara News

German prosecutors have applied for a warrant for Jooste's arrest, but it may take weeks for the court to decide whether to take action. (News24)

Forty-eight million people in West and Central Africa face acute food insecurity in the coming months, a 10-year high spurred by insecurity, climate shocks, COVID-19 and high prices, United Nations’ humanitarian agencies warned on Tuesday. (CNBC Africa)

UN independent human rights experts have said they were deeply concerned over delays in reaching an agreement on the restructuring of Zambia's debt and its corresponding negative human rights impact on peoples' lives there (All Africa News)

International News

South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signaling a shift in his stance against arming Ukraine for the first time. (Reuters)

Worldwide shipments of personal computers or PCs declined 29 percent in the first quarter, hit hard by weak demand, excess inventory, and a worsening macroeconomic climate, according to research firm IDC. Apple was the biggest loser, with its Mac shipments showing around a 40.5 percent drop from the same period last year (RTT News)

North Korean leader Kim Jong Un has said his country has completed the development of its first military spy satellite and ordered officials to proceed with a planned launch, according to state media. (Aljazeera News)