Category: Equity Market Research

Table 1: NSX Trades

NSX Activities

A total of N$ 6,986,525.09 worth of shares was traded on the NSX on Wednesday with about N$ 4,043,785 worth of shares belonging to Anglo-American plc and N$ 230,000 from Namibia Breweries on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares traded with a decrease in share price at closing.
• Namibia Breweries shares were traded by market participants, with an increase in share price a closing

Table 2: Primary listed Trades

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Table 3: Dual-Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

The numbers that become clear in the run-up to this year’s Namibia Tourism Expo, which kicks off today and will conclude on Saturday, 5 November, are not only impressive but also say a lot about the character of the event (Sun Newspaper)

The Deputy finance minister says the implementation of measures to provide tax relief to taxpayers will be fast-tracked (New Era Newspaper)

Namibia and Russia are currently in talks that could see the Vladimir Putin-head nation supplementing the Land of the Brave’s fuel supplies. (The Namibian)

Sub-Sahara News

South Africa's insurance gap is now R34.4 trillion. That is by how much-insured households are short to cover their expenses, should a breadwinner die or become disabled. This is according to the latest Life and Disability Insurance Gap Study. (News24)

The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. (CNBC Africa)

The Federal Government in Addis Ababa and Tigrayan authorities have agreed on a ceasefire. "The two parties in the Ethiopian conflict have formally agreed to the cessation of hostilities as well as the systematic, orderly, smooth and coordinated disarmament," the African Union mediator in peace talks, former president Olusegun Obasanjo of Nigeria, announced in Pretoria. (All Africa News)

International News

Russia has said it would resume its participation in a deal freeing up grain exports from Ukraine, reversing a decision that world leaders warned would increase hunger globally. (Reuters)

Asian shares ended mixed on Thursday as Fed pivot hopes were offset by concerns over China's growth trajectory. (RTT News)

Big banks, including Australia’s ANZ, have continued to do business with a bank owned by Myanmar’s military administration despite its bloody crackdown on anti-coup protests, according to an advocacy group and leaked documents. (Aljazeera News)

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

Table 2: Primary listed Trades

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Table 3: Dual-Listed Trades

Table 4: ETFs

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)

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

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

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)

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

Table 2: Primary listed Trades

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Table 3: Dual-Listed Trades

Table 4: ETFs

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)

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

Table 2: Primary listed Trades

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Table 3: Dual-Listed Trades

Table 4: ETFs

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)

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

Table 2: Primary listed Trades

­­

Table 3: Dual-Listed Trades

Table 4: ETFs

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)