Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	101,204.00	21,510,902.17	97.42%
ETFs	2,743.00	570,538.06	2.58%
Total	103,947.00	22,081,440.23	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 21,510,902.17 worth of shares was traded on the NSX on Wednesday with about N$ 11,012,522 worth of Anglo-American and N$ 45,000 worth of Namibia Breweries on the home front. ETFs worth N$ 570,538.06 were traded on Wednesday

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 and New Gold Issuer Ltd NM ETF were traded resulting in a decline at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.62	30.62	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	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	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	548.94	541.34	-1.38%
B2Gold Corporation	B2G	53.53	54.29	1.42%
Oceana Group Limited	OCG	55.06	54.55	-0.93%
Mediclinic International Plc	MEP	101.30	101.49	0.19%
Truworths	TRW	53.60	52.81	-1.47%
Nedbank Group Limited	NBK	203.18	208.56	2.65%
Standard Bank Group	SNB	151.98	163.26	7.42%
Shoprite Holdings	SRH	225.35	226.20	0.38%
FirstRand Limited	FST	60.93	62.64	2.81%
Momentum Metropolitan Holdings	MMT	16.07	16.02	-0.31%
Old Mutual Ltd	OMM	10.08	10.11	0.30%
Sanlam Limited	SLA	51.48	51.99	0.99%
Santam Limited	SNM	254.44	255.35	0.36%
Vukile Property Fund Limited	VKN	13.63	13.81	1.32%
Investec Limited	IVD	83.09	83.27	0.22%
PSG Konsult Limited	KFS	10.79	10.79	0.00%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	279.26	278.08	-0.42%
New Gold Palladium ETF	NGNPLD	355.51	351.75	-1.06%
New Gold Platinum ETF N	NGNPLT	160.44	157.46	-1.86%
New Funds S&P NAM Bond	NFNAMA	17.18	17.18	0.00%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.30
EUR/NAD	17.91
GBP/NAD	20.53
EUR/GBP	0.87
EUR/USD	0.97
GBP/USD	1.12
AUD/USD	0.62
USD/JPY	149.95
Commodities @ 08:00
Gold	1,647.55
Silver	18.56
Platinum	896.55
Palladium	2,019.03
WTI	85.66
Brent	93.19

Table 5: Exchange Rates and Commodities 

Local News

The Agricultural Bank of Namibia (Agribank) loan book for the Otjozondjupa Region stands at over N$1.1 billion (Sun Newspaper)

The largest grain processor in the country, Namib Mills, this week denied mismanaging its workers’ pension funds (New Era Newspaper)

A N$110 million project will develop Africa’s first two dual-fuel hydrogen-diesel locomotives for TransNamib. (The Namibian)

Sub-Sahara News

The company that owns Markus Jooste's Hermanus mansion took out an R75 million mortgage with a trust in the name of one of the founders of Tekkie Town last year, documents show. (News24)

Africa must build oil and gas pipelines, liquefied natural gas (LNG) terminals, distribution hubs, and gas-fired power plants over the next 20 years to unlock its energy market of over 600 million people, officials, executives, and analysts say. (CNBC Africa)

Eskom has announced that the breakdown of four units - two at Kendal and one each at Kriel and at Arnot power stations has forced it to continue with Stage 3 load shedding, which was supposed to have been suspended for the day at 5 am today. Meanwhile, the utility has reported that internal investigations, with the assistance of the Hawks, led to the arrest of an employee at the Tutuka power station on October 17, 2022, for the removal of ten drums of hydraulic oil worth R800,000 from the on-site stores' facility. (All Africa News)

International News

Chinese President Xi Jinping would become a "sinner" of all Chinese people if he attacked Taiwan and would not win a war as he would face international sanctions and diplomatic isolation, Taiwan's top security official said on Thursday. (Reuters)

European stocks traded mixed on Thursday amid concerns over a turbulent U.K. bond market and news of more Russian missile strikes on Ukrainian towns (RTT News)

US President Joe Biden has called on Americans concerned with reproductive rights to voting for Democrats in midterm elections, promising to push a bill in Congress that would protect the right to abortion nationwide if his party wins next month. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	73,768.00	6,223,980.27	100.00%
ETFs	-	-	0.00%
Total	73,768.00	6,223,980.27	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 6,223,980.27 worth of shares was traded on the NSX on Tuesday with about N$ 304,155 worth of Namibia Breweries and N$  221,000 worth of Capricorn Group on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• Namibia Breweries’ shares were traded with no change in share price at closing
• Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.62	30.62	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	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	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	550.72	548.94	-0.32%
B2Gold Corporation	B2G	53.46	53.53	0.13%
Oceana Group Limited	OCG	54.92	55.06	0.25%
Mediclinic International Plc	MEP	101.71	101.30	-0.40%
Truworths	TRW	53.42	53.60	0.34%
Nedbank Group Limited	NBK	204.41	203.18	-0.60%
Standard Bank Group	SNB	152.53	151.98	-0.36%
Shoprite Holdings	SRH	226.00	225.35	-0.29%
FirstRand Limited	FST	60.51	60.93	0.69%
Momentum Metropolitan Holdings	MMT	15.85	16.07	1.39%
Old Mutual Ltd	OMM	10.07	10.08	0.10%
Sanlam Limited	SLA	51.74	51.48	-0.50%
Santam Limited	SNM	258.00	254.44	-1.38%
Vukile Property Fund Limited	VKN	13.64	13.63	-0.07%
Investec Limited	IVD	83.64	83.09	-0.66%
PSG Konsult Limited	KFS	10.80	10.79	-0.09%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	279.74	279.26	-0.17%
New Gold Palladium ETF	NGNPLD	350.74	355.51	1.36%
New Gold Platinum ETF N	NGNPLT	159.68	160.44	0.48%
New Funds S&P NAM Bond	NFNAMA	17.20	17.18	-0.12%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.15
EUR/NAD	17.86
GBP/NAD	20.52
EUR/GBP	0.87
EUR/USD	0.98
GBP/USD	1.12
AUD/USD	0.62
USD/JPY	149.37
Commodities @ 08:00
Gold	1,647.30
Silver	18.58
Platinum	893.60
Palladium	2,017.50
WTI	82.61
Brent	90.19

Table 5: Exchange Rates and Commodities 

Local News

G4S Namibia workers are up in arms over what they term a “measly” N$ 2,400.00 salary with no danger allowance or medical aid. (Sun Newspaper)

B2Gold Namibia yesterday confirmed the labor dispute at the country’s largest gold mine, the Otjikoto mine, has ended with approximately 160 suspended employees returning for duty with a warning (New Era Newspaper)

The Namibia Revenue Agency (Namra) is shining the spotlight on directors of government and private sector entities who fail to pay taxes on board fees and allowances they receive (The Namibian)

Sub-Sahara News

Former Steinhoff chairperson Christo Wiese has praised the SA Reserve Bank for attaching around R1.4 billion in assets linked to the retailer's ex-CEO Markus Jooste, saying that "a lot of people will be grateful to see that the wheels of justice are turning". (News24)

Kenya plans to use cheaper loans from agencies such as the World Bank to allow it to retire expensive domestic loans and create funds for much-needed spending on items like food, the nominee to the post of finance minister said on Tuesday. (CNBC Africa)

The number of people living in poverty in sub-Saharan Africa has overtaken that in South Asia, says a new study. Nearly 579 million Africans live in what the study calls "acute multidimensional poverty". (All Africa News)

International News

German exports to Britain this year could grow for the first time since 2015 if the upward trend seen from January to August continues through 2022, statistics office data showed. (Reuters)

Asian stocks ended mixed on Wednesday after a recent string of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits. The dollar index rose after the IMF's warning of a severe global recession (RTT News)

UN Secretary-General Antonio Guterres said on Monday that he believed such action was necessary to ease the grip gangs have on a port that is critical to allowing fuel supplies into the country. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	48,438.00	2,529,616.78	100.00%
ETFs	-	-	0.00%
Total	48,438.00	2,529,616.78	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 2,529,616.78 worth of shares was traded on the NSX on Monday with about N$ 186,351 worth of Anglo-American plc and N$ 109,850 worth of Capricorn Group on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s performance on the exchange displayed a slight increase on the bourse as resource-linked counters bounce back from a sell-off.
• Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.62	30.62	0.00%
Standard Bank Namibia	SNO	4.30	4.40	2.33%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	531.77	550.72	3.56%
B2Gold Corporation	B2G	55.54	53.46	-3.75%
Oceana Group Limited	OCG	54.56	54.92	0.66%
Mediclinic International Plc	MEP	100.15	101.71	1.56%
Truworths	TRW	51.26	53.42	4.21%
Nedbank Group Limited	NBK	199.21	204.41	2.61%
Standard Bank Group	SNB	147.60	152.53	3.34%
Shoprite Holdings	SRH	220.61	226.00	2.44%
FirstRand Limited	FST	58.19	60.51	3.99%
Momentum Metropolitan Holdings	MMT	15.29	15.85	3.66%
Old Mutual Ltd	OMM	9.59	10.07	5.01%
Sanlam Limited	SLA	49.26	51.74	5.03%
Santam Limited	SNM	254.99	258.00	1.18%
Vukile Property Fund Limited	VKN	13.20	13.64	3.33%
Investec Limited	IVD	79.99	83.64	4.56%
PSG Konsult Limited	KFS	10.89	10.80	-0.83%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	280.09	279.74	-0.12%
New Gold Palladium ETF	NGNPLD	361.77	350.74	-3.05%
New Gold Platinum ETF N	NGNPLT	157.79	159.68	1.20%
New Funds S&P NAM Bond	NFNAMA	17.27	17.20	-0.41%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.01
EUR/NAD	17.74
GBP/NAD	20.43
EUR/GBP	0.86
EUR/USD	0.96
GBP/USD	1.12
AUD/USD	0.63
USD/JPY	148.91
Commodities @ 08:00
Gold	1,659.80
Silver	18.78
Platinum	922.00
Palladium	2,021.50
WTI	85.40
Brent	92.52

Table 5: Exchange Rates and Commodities 

Local News

Mines minister Tom Alweendo says Namibia is not yet in a position to determine whether it would like to apply for membership to the Organisation of Petroleum Countries (OPEC) (Sun Newspaper)

The government’s long-awaited electronic procurement portal (E-GP) is finally a reality. (New Era Newspaper)

Only 80 out of 2,895 employers have used money in the national training fund for the training of existing employees and vocational training of students  (The Namibian)

Sub-Sahara News

The South African Transport and Allied Workers Union (Satawu) has vowed to continue striking at Transnet, calling the entity's three-year wage deal with the United National Transport Union (UNTU) a "betrayal" of workers. (News24)

International Monetary Fund staff on Monday reached a staff-level agreement with Somalia that will allow the release of about $10 million to the East African country, once approved by the board, the head of the IMF mission told Reuters. (CNBC Africa)

Ethiopia's government has vowed to seize control of airports and other federal facilities in the country's Tigray region, a day after the African Union appealed for a ceasefire. (All Africa News)

International News

As Xi Jinping consolidates power at China's 20th Communist Party Congress this week, Chinese women are not holding their breath for progress in gender equality. (Reuters)

Asian stocks ended mostly lower on Tuesday to extend recent losses amid worries about relentless Federal Reserve tightening and the escalation of the conflict in Ukraine following heavy Russian attacks. (RTT News)

UN Secretary-General Antonio Guterres said on Monday that he believed such action was necessary to ease the grip gangs have on a port that is critical to allowing fuel supplies into the country.. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	234,882.00	22,834,786.28	92.09%
ETFs	6,936.00	1,961,163.13	7.91%
Total	241,818.00	24,795,949.41	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 22,834,786.28 worth of shares was traded on the NSX on Friday with about N$ 118,355 worth of Mediclinic International and N$ 14,560 worth of SBN Holdings Ltd on the home front. ETFs worth N$ 1,961,163.13 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Mediclinic International’s performance on the exchange displayed a slight decline on the bourse.
• Shares belonging to SBN Holdings Ltd  were traded on the local bourse, resulting in a decrease in share price at closing
• New Gold Issuer Ltd NM ETF was sold off by market participants at the closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.62	0.03%
Standard Bank Namibia	SNO	4.70	4.30	-8.51%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	542.61	531.77	-2.00%
B2Gold Corporation	B2G	56.59	55.54	-1.86%
Oceana Group Limited	OCG	54.51	54.56	0.09%
Mediclinic International Plc	MEP	101.62	100.15	-1.45%
Truworths	TRW	50.45	51.26	1.61%
Nedbank Group Limited	NBK	199.02	199.21	0.10%
Standard Bank Group	SNB	147.13	147.60	0.32%
Shoprite Holdings	SRH	219.62	220.61	0.45%
FirstRand Limited	FST	58.01	58.19	0.31%
Momentum Metropolitan Holdings	MMT	15.27	15.29	0.13%
Old Mutual Ltd	OMM	9.56	9.59	0.31%
Sanlam Limited	SLA	49.11	49.26	0.31%
Santam Limited	SNM	251.11	254.99	1.55%
Vukile Property Fund Limited	VKN	13.04	13.20	1.23%
Investec Limited	IVD	79.58	79.99	0.52%
PSG Konsult Limited	KFS	10.67	10.89	2.06%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	283.00	280.09	-1.03%
New Gold Palladium ETF	NGNPLD	369.55	361.77	-2.11%
New Gold Platinum ETF N	NGNPLT	155.66	157.79	1.37%
New Funds S&P NAM Bond	NFNAMA	17.29	17.27	-0.12%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.24
EUR/NAD	17.78
GBP/NAD	20.59
EUR/GBP	0.86
EUR/USD	0.97
GBP/USD	1.12
AUD/USD	0.62
USD/JPY	148.69
Commodities @ 08:00
Gold	1,656.25
Silver	18.41
Platinum	909.45
Palladium	2,038.50
WTI	85.47
Brent	92.53

Table 5: Exchange Rates and Commodities 

Local News

A total of 1,018 new vehicles were sold in September, which is 34 fewer than were sold in August, but represents a 32.7% year-on-year increase from 767 new vehicles sold in September 2021. (Sun Newspaper)

Namib Mills has announced an increase in prices on their various products with effect from 14 November 2022. (New Era Newspaper)

The Namibia Ports Authority (Namport) has approved Swiss-based container terminal giant, Terminal Investment Limited (TIL), as the preferred bidder to operate the port utility’s new N$4 billion container terminal.  (The Namibian)

Sub-Sahara News

SAA is developing a plan to enable it to continue operating even if one presupposes an extended or even indefinite delay in the strategic equity partnership coming on board, says the interim chair and CEO Prof. John Lamola. (News24)

British Prime Minister Liz Truss on Friday scrapped another key tax-cutting policy after firing her finance minister, in a bid to placate markets after the government’s controversial “mini-budget.” (CNBC Africa)

The federal government has announced that as at yesterday, the death toll of flood disaster has hit 603. This comes as a report released by experts has warned that the agricultural losses recorded from recent flooding incidents will further worsen food scarcity. (All Africa News)

International News

Thousands of Australians on Monday returned to homes and businesses to assess flood damage even as evacuation warnings remained in inland regions of the southeast and authorities warned of more rain ahead which could trigger renewed flooding. (Reuters)

Asian stocks fell on Monday as better-than-expected U.S. jobs data released on Friday cemented bets of more large Federal Reserve rate hikes. Lingering worries surrounding the Russia-Ukraine war and the U.S.-China chip war also dented sentiment (RTT News)

Iranian President Ebrahim Raisi accused United States President Joe Biden of “inciting chaos” after he expressed support for demonstrations against the death of Mahsa Amini, a woman who died in Iranian government custody nearly a month ago. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	122,848.00	9,298,218.10	100.00%
ETFs	-	-	0.00%
Total	122,848.00	9,298,218.10	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 9,298,218.10 worth of shares was traded on the NSX on Thursday with about N$ 2,269,093 worth of Shoprite Holdings and N$       91,000 worth of Capricorn Group on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

• Shoprite Holdings' performance on the exchange displayed continuous volatility as share prices reacted to market sentiments.
• Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.61	0.00%
Standard Bank Namibia	SNO	4.70	4.70	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.68	0.37%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	535.81	542.61	1.27%
B2Gold Corporation	B2G	55.88	56.59	1.27%
Oceana Group Limited	OCG	54.01	54.51	0.93%
Mediclinic International Plc	MEP	99.64	101.62	1.99%
Truworths	TRW	50.40	50.45	0.10%
Nedbank Group Limited	NBK	196.99	199.02	1.03%
Standard Bank Group	SNB	144.87	147.13	1.56%
Shoprite Holdings	SRH	220.84	219.62	-0.55%
FirstRand Limited	FST	57.28	58.01	1.27%
Momentum Metropolitan Holdings	MMT	15.17	15.27	0.66%
Old Mutual Ltd	OMM	9.50	9.56	0.63%
Sanlam Limited	SLA	48.96	49.11	0.31%
Santam Limited	SNM	248.57	251.11	1.02%
Vukile Property Fund Limited	VKN	13.11	13.04	-0.53%
Investec Limited	IVD	76.36	79.58	4.22%
PSG Konsult Limited	KFS	10.73	10.67	-0.56%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	284.89	283.00	-0.66%
New Gold Palladium ETF	NGNPLD	373.52	369.55	-1.06%
New Gold Platinum ETF N	NGNPLT	156.03	155.66	-0.24%
New Funds S&P NAM Bond	NFNAMA	17.25	17.29	0.23%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.18
EUR/NAD	17.80
GBP/NAD	20.58
EUR/GBP	0.86
EUR/USD	0.97
GBP/USD	1.13
AUD/USD	0.62
USD/JPY	147.45
Commodities @ 08:00
Gold	1,677.25
Silver	19.01
Platinum	907.35
Palladium	2,135.02
WTI	89.41
Brent	94.81

Table 5: Exchange Rates and Commodities 

Local News

Beef from the northern communal area (NCAs) is currently being exported into several new African markets, while it is also available for consumption in three towns south of the veterinary cordon fence (VCF) (Sun Newspaper)

Namibia remains resolute in its stance to vote against debating alleged widespread abuses in China’s Xinjiang, citing a recent United Nations motion as being tabled through an ambush, outside normal procedure (New Era Newspaper)

Canadian mining company B2Gold Namibia has started recruiting workers for its Otjikoto Mine in north-central Namibia after suspending more than 200 employees  (The Namibian)

Sub-Sahara News

Gareth Ackerman urges the government to let the private sector run key infrastructure such as roads, rail, and ports to secure SA's supply chains and help it fire on all cylinders. (News24)

South African rail freight and port workers have rejected logistics firm Transnet’s revised pay offer and vowed to continue a strike that started last week, a union leader said on Thursday. (CNBC Africa)

With elections pushed back by a further two years, Chad's military ruler Mahamat Deby is set to stay on as president. He's also gained expansive new powers as part of several presential resolutions passed. (All Africa News)

International News

Evacuees from Ukraine's southern Kherson region were expected to begin arriving in Russia on Friday after a Moscow-installed official suggested residents should leave for safety, a sign of Moscow's weakening hold on territory it claims to have annexed. (Reuters)

European stocks traded flat to slightly higher on Thursday despite renewed concerns about inflation and a possible recession. German factory orders decreased 2.4 percent month-on-month in August, Destatis reported (RTT News)

North Korea has test-fired a pair of long-range strategic cruise missiles, with leader Kim Jong Un lauding another successful display of the country’s tactical nuclear strike capability. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	781,658.00	35,216,304.60	100.00%
ETFs	-	-	0.00%
Total	781,658.00	35,216,304.60	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 35,216,304.60 worth of shares was traded on the NSX on Wednesday with about N$ 2,210,000 worth of Shoprite Holdings and N$      1,222 worth of SBN Holdings on the home front. No ETFs were traded on Wednesday.  

HEI Market Commentary

From the trading activity that took place:

• Shoprite Holdings performance soared as market participants rearrange their portfolios amid the IMF growth projection cuts.
• Shares belonging to SBN Holdings were traded on the local bourse, with no change in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.50	45.00	5.88%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.61	0.00%
Standard Bank Namibia	SNO	4.90	4.70	-4.08%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.67	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	543.02	535.81	-1.33%
B2Gold Corporation	B2G	57.54	55.88	-2.88%
Oceana Group Limited	OCG	54.05	54.01	-0.07%
Mediclinic International Plc	MEP	99.03	99.64	0.62%
Truworths	TRW	52.15	50.40	-3.36%
Nedbank Group Limited	NBK	197.81	196.99	-0.41%
Standard Bank Group	SNB	146.30	144.87	-0.98%
Shoprite Holdings	SRH	218.50	220.84	1.07%
FirstRand Limited	FST	61.51	57.28	-6.88%
Momentum Metropolitan Holdings	MMT	15.12	15.17	0.33%
Old Mutual Ltd	OMM	9.47	9.50	0.32%
Sanlam Limited	SLA	48.63	48.96	0.68%
Santam Limited	SNM	247.50	248.57	0.43%
Vukile Property Fund Limited	VKN	13.08	13.11	0.23%
Investec Limited	IVD	78.16	76.36	-2.30%
PSG Konsult Limited	KFS	10.78	10.73	-0.46%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	281.87	284.89	1.07%
New Gold Palladium ETF	NGNPLD	373.53	373.52	0.00%
New Gold Platinum ETF N	NGNPLT	155.67	156.03	0.23%
New Funds S&P NAM Bond	NFNAMA	17.50	17.25	-1.43%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.30
EUR/NAD	17.76
GBP/NAD	20.29
EUR/GBP	0.87
EUR/USD	0.97
GBP/USD	1.10
AUD/USD	0.62
USD/JPY	146.81
Commodities @ 08:00
Gold	1,675.95
Silver	18.94
Platinum	876.25
Palladium	2,142.02
WTI	87.09
Brent	92.38

Table 5: Exchange Rates and Commodities 

Local News

Namibia observes Mental Health Month amid a cocktail of dilapidated healthcare facilities and a dire shortage of mental health personnel and beds. (Sun Newspaper)

The Bank of Namibia (BoN) has announced the launch of the FinTech Innovations Regulatory Framework, which outlines how FinTech Innovations that are not currently subject to the bank’s existing regulations will be treated (New Era Newspaper)

A consulting company has cut ties with a Russian state-owned entity exploring for uranium in the Omaheke region after complaining about a lack of information to determine whether mining activities would contaminate Namibia’s underground water (The Namibian)

Sub-Sahara News

Gareth Ackerman urges the government to let the private sector run key infrastructure such as roads, rail, and ports to secure SA's supply chains and help it fire on all cylinders. (News24)

Staff shortages caused by an ongoing strike over wages are impacting container and car terminals at South Africa’s Durban port, one of the busiest on the continent, a unit of state-owned logistics company Transnet said on Tuesday. (CNBC Africa)

Africa's relationship with the British monarchy is fraught with complications, not least being that the cornerstone of their modern affiliation, the Commonwealth, is rooted in a dark legacy of colonialism and empire. (All Africa News)

International News

Right-wing conspiracy theorist Alex Jones must pay at least $965 million in damages to numerous families of victims of the 2012 Sandy Hook mass shooting for falsely claiming they were actors who faked the tragedy, a Connecticut jury said on Wednesday. (Reuters)

European stocks traded flat to slightly higher on Thursday despite renewed concerns about inflation and a possible recession. German factory orders decreased 2.4 percent month-on-month in August, Destatis reported (RTT News)

North Korea has test-fired a pair of long-range strategic cruise missiles, with leader Kim Jong Un lauding another successful display of the country’s tactical nuclear strike capability. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	226,990.00	8,793,367.38	100.00%
ETFs	-	-	0.00%
Total	226,990.00	8,793,367.38	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,793,367.38 worth of shares was traded on the NSX on Monday with about N$   951,816 worth of Anglo-American and N$     8,571 worth of FirstRand Namibia on the home front. No ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the stock exchange declined as the index declined as market participants fears for another inflation hike
• Shares belonging to FirstRand Namibia were traded on the local bourse, with a slight increase in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.60	30.61	0.03%
Standard Bank Namibia	SNO	4.90	4.90	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.67	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	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	558.60	551.02	-1.36%
B2Gold Corporation	B2G	61.16	58.01	-5.15%
Oceana Group Limited	OCG	56.00	54.69	-2.34%
Mediclinic International Plc	MEP	99.40	98.48	-0.93%
Truworths	TRW	51.37	51.51	0.27%
Nedbank Group Limited	NBK	198.33	197.30	-0.52%
Standard Bank Group	SNB	144.67	145.27	0.41%
Shoprite Holdings	SRH	215.00	216.38	0.64%
FirstRand Limited	FST	60.85	61.16	0.51%
Momentum Metropolitan Holdings	MMT	15.07	15.07	0.00%
Old Mutual Ltd	OMM	9.70	9.66	-0.41%
Sanlam Limited	SLA	49.92	50.22	0.60%
Santam Limited	SNM	245.60	247.00	0.57%
Vukile Property Fund Limited	VKN	13.08	13.15	0.54%
Investec Limited	IVD	77.89	78.01	0.15%
PSG Konsult Limited	KFS	10.80	10.80	0.00%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	287.38	282.10	-1.84%
New Gold Palladium ETF	NGNPLD	396.97	392.47	-1.13%
New Gold Platinum ETF N	NGNPLT	162.19	157.84	-2.68%
New Funds S&P NAM Bond	NFNAMA	17.19	17.33	0.81%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.16
EUR/NAD	17.59
GBP/NAD	20.04
EUR/GBP	0.87
EUR/USD	0.96
GBP/USD	1.10
AUD/USD	0.62
USD/JPY	145.81
Commodities @ 08:00
Gold	1,671.35
Silver	19.42
Platinum	896.05
Palladium	2,180.02
WTI	90.66
Brent	95.81

Table 5: Exchange Rates and Commodities 

Local News

Standard Bank Namibia has raised N$400 million for various renewable energy projects. (Sun Newspaper)

Energy Minister Tom Alweendo says the partnership between Qatar and Namibia on the discovery of oil in the Orange basin is a win-win scenario (New Era Newspaper)

Considered a source of living for many informal settlement residents and the homeless, scrap metal has pushed up a N$35 million export bill in August, and over N$1 billion over the last years. (The Namibian)

Sub-Sahara News

The North Gauteng High Court in Pretoria has dismissed a bid to have the environmental authorization for Eskom's proposed gas power plant in Richards Bay overturned but has taken aim at the deficient public participation process. (News24)

Zimbabwe’s miners do not expect any significant impact from the government’s proposal to collect royalties in the form of refined minerals, the country’s Chamber of Mines said on Monday (CNBC Africa)

Gambians are calling for justice for 69 children who died from acute kidney injuries linked to India-made cough syrups. India says it suspended the licenses of the drug manufacturer and is investigating the tragedy. (All Africa News)

International News

China is using its financial and scientific muscle to manipulate technologies in a manner that risks global security, Britain's top cyber spy will say on Tuesday, warning that Beijing's actions could represent "a huge threat to us all." (Reuters)

European stocks look set to extend gains from the previous session on Tuesday as Treasury yields eased from levels not seen in roughly a decade on expectations for less aggressive action by the U.S. Federal Reserve. (RTT News)

The attack on the Kerch Strait Bridge has highlighted that nowhere in Ukraine is Russia invulnerable. (Aljazeera News)