Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	900,326.00	29,945,146.92	100.00%
ETFs	-	-	0.00%
Total	900,326.00	29,945,146.92	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 29,945,146.92 worth of shares was traded on the NSX on Monday with about N$ 882,517 worth of shares belonging to Anglo-American plc and N$ 66,000 from FirstRand Namibia Ltd 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 overall bourse was allotted  by market participants, causing the price to increase at closing by 1.2%
• FirstRand Namibia shares were traded by market participants, resulting in 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	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.51	13.51	0.00%
First Rand Namibia	FNB	33.01	33.00	-0.03%
Standard Bank Namibia	SNO	4.46	4.46	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.03	7.03	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	756.48	765.46	1.19%
B2Gold Corporation	B2G	71.15	71.24	0.13%
Oceana Group Limited	OCG	67.94	68.00	0.09%
Mediclinic International Plc	MEP	105.17	105.32	0.14%
Truworths	TRW	64.12	64.31	0.30%
Nedbank Group Limited	NBK	219.00	224.81	2.65%
Standard Bank Group	SNB	170.00	173.40	2.00%
Shoprite Holdings	SRH	243.21	246.68	1.43%
FirstRand Limited	FST	64.05	64.98	1.45%
Momentum Metropolitan Holdings	MMT	18.38	18.67	1.58%
Old Mutual Ltd	OMM	11.44	11.62	1.57%
Sanlam Limited	SLA	53.34	54.15	1.52%
Santam Limited	SNM	260.52	264.80	1.64%
Vukile Property Fund Limited	VKN	13.30	13.10	-1.50%
Investec Limited	IVD	108.04	109.41	1.27%
PSG Konsult Limited	KFS	12.24	12.28	0.33%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	308.36	306.96	-0.45%
New Gold Palladium ETF	NGNPLD	287.74	284.75	-1.04%
New Gold Platinum ETF N	NGNPLT	171.01	171.43	0.25%
New Funds S&P NAM Bond	NFNAMA	18.16	18.18	0.11%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.18
EUR/NAD	18.71
GBP/NAD	21.31
EUR/GBP	0.87
EUR/USD	1.08
GBP/USD	1.24
AUD/USD	0.70
USD/JPY	129.82
Commodities @ 08:00
Gold	1,941.45
Silver	23.79
Platinum	1,064.00
Palladium	1,712.50
WTI	81.88
Brent	88.05

Table 5: Exchange Rates and Commodities 

Local News

The Ohangwena Regional Council, in partnership with the Office of the Prime Minister, yesterday assisted about 16-20 homesteads evacuated at Onaminda village in Oshikango Constituency over the heavy flooding. (Sun Newspaper)

The Namibia University of Science and Technology’s male hostel has been dormant for over two years, following the institution’s failure to renovate it. (New Era Newspaper)

The Central Procurement Board of Namibia (CPBN) is currently evaluating another state contract estimated at over N$5 billion to supply the Ministry of Health and Social Services with medicine (The Namibian)

Sub-Sahara News

The Foschini Group's (TFG) businesses in SA and elsewhere on the continent – which includes Foschini, Markham, Jet, @home, Coricraft, and American Swiss – reported like-for-like turnover growth of 5.7% in the quarter to end-December compared to the previous year. Including new businesses and shops, TFG Africa's turnover growth reached 18%. (News24)

Ghana’s government and the Ghana Association of Banks (GAB) have agreed on new terms for banks to participate in a domestic debt exchange plan, they said in a joint statement on Monday. (CNBC Africa)

The federal government will, on Monday mount a high-stakes attempt at London's High Court to overturn an $11bn arbitration award that left it owing more than a quarter of its foreign reserves to an obscure oil and gas company (All Africa News)

International News

The World Health Organization (WHO) is investigating whether there is any connection between manufacturers whose contaminated cough syrups it has linked to the deaths of more than 300 children in three countries, a person familiar with the matter told Reuters. (Reuters)

European stocks fell in cautious trade on Tuesday, as investors digested weak GDP data from China and awaited earnings reports from Goldman Sachs and Morgan Stanley later in the day that will provide guidance about the health of the world's largest economy (RTT News) Turkish President Recep Tayyip Erdogan has warned Sweden that it should not expect his backing to join NATO following the burning of the Quran outside Ankara’s embassy in Stockholm during a protest. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	136,706.00	4,377,886.87	100.00%
ETFs	-	-	0.00%
Total	136,706.00	4,377,886.87	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,377,886.87 worth of shares was traded on the NSX on Thursday with about N$ 1,086,472 worth of shares belonging to Anglo-American plc and N$ 1,250 from SBN Holdings Ltd on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse was sold off by market participants, causing the price to decline at closing by 1.1%
• SBN Holdings shares were traded by market participants, resulting in a 12.1% jump in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.51	13.51	0.00%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.46	4.46	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.03	7.03	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	768.28	759.50	-1.14%
B2Gold Corporation	B2G	68.64	69.32	0.99%
Oceana Group Limited	OCG	68.79	68.14	-0.94%
Mediclinic International Plc	MEP	104.43	105.49	1.02%
Truworths	TRW	62.61	65.34	4.36%
Nedbank Group Limited	NBK	215.23	215.33	0.05%
Standard Bank Group	SNB	170.00	169.23	-0.45%
Shoprite Holdings	SRH	242.25	244.38	0.88%
FirstRand Limited	FST	64.49	64.36	-0.20%
Momentum Metropolitan Holdings	MMT	18.40	18.73	1.79%
Old Mutual Ltd	OMM	11.46	11.57	0.96%
Sanlam Limited	SLA	53.96	53.69	-0.50%
Santam Limited	SNM	259.59	259.14	-0.17%
Vukile Property Fund Limited	VKN	13.39	13.30	-0.67%
Investec Limited	IVD	107.49	107.52	0.03%
PSG Konsult Limited	KFS	12.25	12.37	0.98%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	303.11	308.61	1.81%
New Gold Palladium ETF	NGNPLD	293.47	280.94	-4.27%
New Gold Platinum ETF N	NGNPLT	175.07	169.04	-3.44%
New Funds S&P NAM Bond	NFNAMA	18.24	18.20	-0.22%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.24
EUR/NAD	18.62
GBP/NAD	21.33
EUR/GBP	0.87
EUR/USD	1.08
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	129.11
Commodities @ 08:00
Gold	1,928.05
Silver	24.08
Platinum	1,033.70
Palladium	1,744.03
WTI	80.88
Brent	86.43

Table 5: Exchange Rates and Commodities 

Local News

Over the period January 2022 and November 2022, Namibia did not record any trade s, with the trade deficit averaging N$2.6 billion, according to statistics released by the Namibia Statistics Agency (NSA).  (Sun Newspaper)

TransNamib, the national rail provider, has confirmed that limited locomotive capacity restricts it from introducing regular passenger services.  (New Era Newspaper)

The Government Institution Pension Fund is still in a sound financial position but did not increase pension benefits enough to counter inflation last year. (The Namibian)

Sub-Sahara News

The global investment tide is turning in favor of emerging markets, delegates at the World Economic Forum in Davos heard on Thursday, with JSE CEO Leila Fourie believing that SA is set to be one of the beneficiaries. (News24)

Zambia needs “desperate debt relief” and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank’s managing director of operations said on Thursday. (CNBC Africa)

South Africa's poultry farmers say they've had to cull almost 10 million chicks because of the country's power crisis. The record blackouts have slowed down production, creating a backlog in processing and no room for the chicks. Farmers' groups warn if the power cuts are not resolved soon, South Africa's longer-term food security could be affected. (All Africa News)

International News

Ukrainian President Volodomyr Zelenskiy said his government was expecting "strong decisions" from defense leaders of NATO and other countries meeting on Friday to discuss boosting Ukraine's ability to confront Russian forces with modern battle tanks. (Reuters)

European stocks rose on Friday to hover near a nine-month high, as investors cheered signs of slowing U.S. inflation and better-than-expected trade data from China. (RTT News)

Firefighters have been working to put out a raging inferno that broke out in a building near a protest site in Peru’s capital Lima where police fired tear gas as thousands of protesters poured into the city to demand the removal of President Dina Boluarte. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	755,917.00	28,077,178.03	99.38%
ETFs	582.00	176,055.00	0.62%
Total	756,499.00	28,253,233.03	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 28,077,178.03 worth of shares was traded on the NSX on Wednesday with about N$ 2,169,044 worth of shares belonging to Shoprite Holdings and N$ 3,447,345 from Namibia Breweries on the home front. ETFs worth N$ 176,055.00 were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Shoprite Holdings' performance on the overall bourse was subscribed to by market participants
• Namibia Breweries shares were traded by market participants, resulting in no change in share price at closing
• New Gold Issuer Ltd NM ETF still remains one of the most traded ETFs on the NSX as gold prices attract investors.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.50	13.51	0.07%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.46	4.46	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.03	7.03	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	749.92	768.28	2.45%
B2Gold Corporation	B2G	69.74	68.64	-1.58%
Oceana Group Limited	OCG	68.00	68.79	1.16%
Mediclinic International Plc	MEP	104.60	104.43	-0.16%
Truworths	TRW	62.84	62.61	-0.37%
Nedbank Group Limited	NBK	213.04	215.23	1.03%
Standard Bank Group	SNB	168.99	170.00	0.60%
Shoprite Holdings	SRH	240.00	242.25	0.94%
FirstRand Limited	FST	64.39	64.49	0.16%
Momentum Metropolitan Holdings	MMT	18.45	18.40	-0.27%
Old Mutual Ltd	OMM	11.49	11.46	-0.26%
Sanlam Limited	SLA	53.62	53.96	0.63%
Santam Limited	SNM	256.65	259.59	1.15%
Vukile Property Fund Limited	VKN	13.31	13.39	0.60%
Investec Limited	IVD	105.88	107.49	1.52%
PSG Konsult Limited	KFS	12.25	12.25	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	305.57	303.11	-0.81%
New Gold Palladium ETF	NGNPLD	284.61	293.47	3.11%
New Gold Platinum ETF N	NGNPLT	173.27	175.07	1.04%
New Funds S&P NAM Bond	NFNAMA	18.05	18.24	1.05%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.15
EUR/NAD	18.52
GBP/NAD	21.15
EUR/GBP	0.87
EUR/USD	1.07
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	128.37
Commodities @ 08:00
Gold	1,909.00
Silver	23.52
Platinum	1,048.40
Palladium	1,709.53
WTI	78.95
Brent	86.88

Table 5: Exchange Rates and Commodities 

Local News

Recent flooding in the Ohangewena Region has already caused extensive damage to mahangu fields, hampering efforts by subsistence farmers to produce food for their homesteads (Sun Newspaper)

The University of Namibia students are displeased after 17 programs, which were scheduled to be offered this academic year, have been canceled as they have not been accredited (New Era Newspaper)

Namibia exported fruits and nuts worth over N$1.4 billion between November 2021 and November 2022- a good figure compared to imports just shy of N$400 million (The Namibian)

Sub-Sahara News

Eskom is living hand-to-mouth in its efforts to obtain the diesel needed to continue running its open-cycle gas turbines (OCGTs), which, in the face of prolonged power generation outages, is the only way the utility can stave off severe and ongoing curtailment of South Africa’s electricity supply. (News24)

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA). (CNBC Africa)

Uganda is set to make a major shift in the battle against malaria, with the focus turning from treatment to prevention, especially at the household level. (All Africa News)

International News

Microsoft Corp (MSFT.O) on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession (Reuters)

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, as the markets reflected optimism about the highly anticipated US consumer price inflation report due later today. (RTT News)

Australia has announced it will ditch its fleet of European-designed Taipan military helicopters a decade earlier than scheduled, replacing them with 40 Black Hawk choppers from the United States at an estimated cost of 2.8 billion Australian dollars ($1.97bn) (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	590,997.00	16,936,419.36	93.33%
ETFs	62,644.00	1,210,514.80	6.67%
Total	653,641.00	18,146,934.16	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 16,936,419.36 worth of shares was traded on the NSX on Tuesday with about N$ 949,511 worth of shares belonging to Anglo-American and N$ 801,900 from Capricorn Group Limited on the home front. ETFs worth N$ 1,210,514.80 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse continues its performance on an upward trajectory as investors turn to commodity-driven companies as a safe haven
• Capricorn Group shares were traded by market participants, resulting in a 3.4% increase in share price at closing
• New Gold Issuer Ltd NM ETF remains on an upward trend as it mimics gold price, hence the subscription by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.75	1.90	8.57%
Capricorn	CGP	13.06	13.50	3.37%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.44	4.46	0.45%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.03	-0.14%
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	738.25	749.92	1.58%
B2Gold Corporation	B2G	70.57	69.74	-1.18%
Oceana Group Limited	OCG	65.40	68.00	3.98%
Mediclinic International Plc	MEP	102.83	104.60	1.72%
Truworths	TRW	61.31	62.84	2.50%
Nedbank Group Limited	NBK	215.33	213.04	-1.06%
Standard Bank Group	SNB	172.20	168.99	-1.86%
Shoprite Holdings	SRH	241.91	240.00	-0.79%
FirstRand Limited	FST	64.84	64.39	-0.69%
Momentum Metropolitan Holdings	MMT	18.74	18.45	-1.55%
Old Mutual Ltd	OMM	11.53	11.49	-0.35%
Sanlam Limited	SLA	53.89	53.62	-0.50%
Santam Limited	SNM	256.99	256.65	-0.13%
Vukile Property Fund Limited	VKN	13.25	13.31	0.45%
Investec Limited	IVD	109.48	105.88	-3.29%
PSG Konsult Limited	KFS	12.20	12.25	0.41%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	303.45	305.57	0.70%
New Gold Palladium ETF	NGNPLD	288.17	284.61	-1.24%
New Gold Platinum ETF N	NGNPLT	174.40	173.27	-0.65%
New Funds S&P NAM Bond	NFNAMA	18.11	18.05	-0.33%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.06
EUR/NAD	18.41
GBP/NAD	20.98
EUR/GBP	0.87
EUR/USD	1.07
GBP/USD	1.22
AUD/USD	0.70
USD/JPY	130.63
Commodities @ 08:00
Gold	1,903.10
Silver	24.12
Platinum	1,038.40
Palladium	1,724.53
WTI	81.50
Brent	86.88

Table 5: Exchange Rates and Commodities 

Local News

The Government Institutions Pension Fund (GIPF) financial position improved from N$136.2 billion recorded in the last year financial year to N$147.9 billion for the period ending 31 March 2022. (Sun Newspaper)

A report into government spending during the Covid-19 pandemic has lifted a veil on potential maleficence in the State’s procurement of goods and services. (New Era Newspaper)

The Information and Communication Technology (ICT) industry on the Namibian Stock Exchange (NSX) index for 2022 reported negative growth, but the sector’s regulator is upbeat about 2023. (The Namibian)

Sub-Sahara News

Retail group Spar said on Tuesday that CEO Brett Botten will be retiring at the end of January as part of a shakeup which will also see former chair Graham O'Connor leave the board after the group's annual meeting in February. (News24)

European markets are heading for a flat to lower open Tuesday, with concerns about the global economy high on the agenda at the World Economic Forum in Davos this week. (CNBC Africa)

The head of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, has unveiled plans to speed up the licensing and use of effective novel vaccines against tuberculosis (TB), the second leading infectious killer after COVID-19 and the 13th leading cause of death worldwide. (All Africa News)

International News

Millions of urban workers were on the move across China on Wednesday ahead of the expected Friday peak of its Lunar New Year mass migration, as China's leaders looked to get its COVID-battered economy moving. (Reuters)

Asian stocks ended mixed on Wednesday as caution crept in ahead of the release of U.S. consumer price inflation data on Thursday. (RTT News)

The top United States military officer traveled to Poland and talked with his Ukrainian counterpart face to face for the first time as Russia’s war on Ukraine nears the one-year mark. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,499,664.00	31,910,855.06	99.33%
ETFs	715.00	215,701.20	0.67%
Total	1,500,379.00	32,126,556.26	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 31,910,855.06 worth of shares was traded on the NSX on Monday with about N$ 4,472,445 worth of shares belonging to Anglo-American and N$ 163,066 from Oryx Properties Limited on the home front. ETFs worth N$ 215,701.20 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse continues its performance on an upward trajectory as investors turn to commodity-driven companies as a safe haven
• Oryx Properties shares were traded by market participants, with no change in share price at closing
• New Gold Issuer Ltd NM ETF remains on an upward trend as it mimics gold price, hence the subscription by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.01	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.06	13.06	0.00%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.44	4.44	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	733.75	738.25	0.61%
B2Gold Corporation	B2G	67.30	70.57	4.86%
Oceana Group Limited	OCG	66.47	65.40	-1.61%
Mediclinic International Plc	MEP	102.36	102.83	0.46%
Truworths	TRW	61.35	61.31	-0.07%
Nedbank Group Limited	NBK	215.50	215.33	-0.08%
Standard Bank Group	SNB	172.33	172.20	-0.08%
Shoprite Holdings	SRH	243.96	241.91	-0.84%
FirstRand Limited	FST	65.17	64.84	-0.51%
Momentum Metropolitan Holdings	MMT	18.64	18.74	0.54%
Old Mutual Ltd	OMM	11.16	11.53	3.32%
Sanlam Limited	SLA	53.13	53.89	1.43%
Santam Limited	SNM	259.36	256.99	-0.91%
Vukile Property Fund Limited	VKN	13.33	13.25	-0.60%
Investec Limited	IVD	109.72	109.48	-0.22%
PSG Konsult Limited	KFS	12.26	12.20	-0.49%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	299.30	303.45	1.39%
New Gold Palladium ETF	NGNPLD	287.04	288.17	0.39%
New Gold Platinum ETF N	NGNPLT	172.90	174.40	0.87%
New Funds S&P NAM Bond	NFNAMA	18.25	18.11	-0.77%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.04
EUR/NAD	18.46
GBP/NAD	20.79
EUR/GBP	0.88
EUR/USD	1.08
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	128.70
Commodities @ 08:00
Gold	1,911.55
Silver	24.24
Platinum	1,752.03
Palladium	1,752.03
WTI	79.60
Brent	84.71

Table 5: Exchange Rates and Commodities 

Local News

The City of Windhoek has issued over 21,000 Certificates of Recognition of Occupation to households in the informal settlements (Sun Newspaper)

Following the influx of floodwater from Angola reaching Namibian villages by Friday, the Agriculture and Defense ministries are ready to dispatch teams of hydrologists and soldiers to the affected areas to monitor the situation. (New Era Newspaper)

Dundee Precious metal has yet to inform various ministries Tsumeb smelter has allegedly affected the town’s potable water supply (The Namibian)

Sub-Sahara News

Eskom has postponed outgoing CEO André de Ruyter's planned briefing on Monday evening due to an emergency meeting with President Cyril Ramaphosa. (News24)

South Africa has the plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, ITS Finance Minister Enoch Godongwana said on Monday. (CNBC Africa)

Nigeria's inflation dipped in December to 21.34 percent from 21.47 percent in November after 10 straight monthly increases, the National Bureau of Statistics (NBS) said on Monday. (All Africa News)

International News

China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world. (Reuters)

Bank of England Chief Economist Huw Pill said the slowdown in the UK economy together with the tight labor market conditions will put a lid on domestic inflationary pressures and weaken the risk of persistent inflation. (RTT News)

Suspicion has fallen on Russia over a series of confirmed or apparent acts of sabotage and espionage that took place late last year in Western Europe, experts say, with European countries increasingly taking measures in response. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	216,761.00	14,886,548.50	98.82%
ETFs	597.00	177,309.00	1.18%
Total	217,358.00	15,063,857.50	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 14,886,548.50 worth of shares was traded on the NSX on Friday with about N$ 566,442 worth of shares belonging to Anglo-American and no shares traded on the home front. ETFs worth N$ 177,309.00 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse increased by 0.2% following the soaring gold prices which traded at US$1,922.90
• New Gold Issuer Ltd NM ETF was sold off in one transaction resulting in an increase at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.06	13.06	0.00%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.44	4.44	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	732.16	733.75	0.22%
B2Gold Corporation	B2G	66.24	67.30	1.60%
Oceana Group Limited	OCG	67.39	66.47	-1.37%
Mediclinic International Plc	MEP	101.51	102.36	0.84%
Truworths	TRW	61.75	61.35	-0.65%
Nedbank Group Limited	NBK	214.10	215.50	0.65%
Standard Bank Group	SNB	172.64	172.33	-0.18%
Shoprite Holdings	SRH	243.62	243.96	0.14%
FirstRand Limited	FST	64.37	65.17	1.24%
Momentum Metropolitan Holdings	MMT	18.33	18.64	1.69%
Old Mutual Ltd	OMM	11.26	11.16	-0.89%
Sanlam Limited	SLA	53.03	53.13	0.19%
Santam Limited	SNM	259.17	259.36	0.07%
Vukile Property Fund Limited	VKN	13.34	13.33	-0.07%
Investec Limited	IVD	108.84	109.72	0.81%
PSG Konsult Limited	KFS	12.20	12.26	0.49%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	296.23	299.30	1.04%
New Gold Palladium ETF	NGNPLD	284.92	287.04	0.74%
New Gold Platinum ETF N	NGNPLT	172.61	172.90	0.17%
New Funds S&P NAM Bond	NFNAMA	18.31	18.25	-0.33%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.80
EUR/NAD	18.24
GBP/NAD	20.59
EUR/GBP	0.88
EUR/USD	1.08
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	127.65
Commodities @ 08:00
Gold	1,922.90
Silver	24.41
Platinum	1,072.85
Palladium	1,788.00
WTI	79.23
Brent	84.54

Table 5: Exchange Rates and Commodities 

Local News

The Income Tax Amendment Act,2022 came into force on 01 January 2023, the ministry of finance and public enterprises has announced (Sun Newspaper)

Workers accused of defrauding the Namibia Revenue Agency are facing the wrath of the law as the taxman has moved to directly deduct from their monthly salaries, without their consent or court order (New Era Newspaper)

Namibia exported nine million 4,5kg cartons of grapes this year, more than initially expected and surpassing previous exports of 8,5 million cartons in the 2020/21 season.  (The Namibian)

Sub-Sahara News

Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement. (News24)

International Monetary Fund Managing Director Kristalina Georgieva on Sunday confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major economies. (CNBC Africa)

As 2023 general elections beckon, Zimbabweans from across the political divide are hoping for peaceful, free, and fair polls that usher in a leadership reflective of the people's will. (All Africa News)

International News

The Bank of Japan (BOJ) is under pressure to change its interest rate policy as soon as Wednesday, after the central bank's attempt to buy itself breathing room backfired, emboldening bond investors to test its resolve (Reuters)

European stocks were flat to slightly higher on Monday after rallying in the previous session on optimism surrounding China's reopening and expectations of slower rate hikes by the U.S. Federal Reserve. (RTT News)

NATO Secretary General Jens Stoltenberg has hailed recent pledges of heavy weapons deliveries from Western allies to Ukraine, saying he expected more “in the near future”. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	492,849.00	19,950,251.84	99.47%
ETFs	361.00	106,758.53	0.53%
Total	493,210.00	20,057,010.37	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 19,950,251.84 worth of shares was traded on the NSX on Thursday with about N$ 2,446,005 worth of shares belonging to Shoprite Holdings and N$   1,476,777 from Capricorn Group on the home front. ETFs worth N$ 106,758.53 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Shoprite Holdings' performance on the overall bourse increased as investors demands consumer staples as one of the sectors that perform well during economic hardship.
• Capricorn Group shares were traded by market participants, with an increase of 0.2% in share price at closing
• New Gold Issuer Ltd NM ETF was sold off in one transaction resulting in a slight decline in price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.03	13.06	0.23%
First Rand Namibia	FNB	33.00	33.01	0.03%
Standard Bank Namibia	SNO	4.42	4.44	0.45%
Oryx Limited	ORY	11.50	11.49	-0.09%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	732.05	732.16	0.02%
B2Gold Corporation	B2G	67.00	66.24	-1.13%
Oceana Group Limited	OCG	66.96	67.39	0.64%
Mediclinic International Plc	MEP	102.30	101.51	-0.77%
Truworths	TRW	61.65	61.75	0.16%
Nedbank Group Limited	NBK	211.89	214.10	1.04%
Standard Bank Group	SNB	168.41	172.64	2.51%
Shoprite Holdings	SRH	237.97	243.62	2.37%
FirstRand Limited	FST	62.89	64.37	2.35%
Momentum Metropolitan Holdings	MMT	18.03	18.33	1.66%
Old Mutual Ltd	OMM	11.18	11.26	0.72%
Sanlam Limited	SLA	52.55	53.03	0.91%
Santam Limited	SNM	260.35	259.17	-0.45%
Vukile Property Fund Limited	VKN	13.51	13.34	-1.26%
Investec Limited	IVD	108.65	108.73	0.07%
PSG Konsult Limited	KFS	12.16	12.23	0.58%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	296.24	296.23	0.00%
New Gold Palladium ETF	NGNPLD	289.16	284.92	-1.47%
New Gold Platinum ETF N	NGNPLT	178.98	172.61	-3.56%
New Funds S&P NAM Bond	NFNAMA	18.20	18.31	0.60%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.75
EUR/NAD	18.15
GBP/NAD	20.42
EUR/GBP	0.88
EUR/USD	1.08
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	129.12
Commodities @ 08:00
Gold	1,897.20
Silver	23.77
Platinum	1,071.45
Palladium	1,789.53
WTI	78.14
Brent	83.66

Table 5: Exchange Rates and Commodities 

Local News

Annual inflation in Namibia averaged 6.1% in 2022, compared to an average of 3.6% recorded in 2021 (Sun Newspaper)

The World Bank has advised Namibia as well as emerging markets and developing economies to strengthen their medium-term expenditure framework. (New Era Newspaper)

Namibians who did not have their income increased by at least 6.1% last year and ended the year poorer than they were at the beginning.  (The Namibian)

Sub-Sahara News

Finance Minister Enoch Godongwana has criticized the operational performance of the national power utility Eskom and said the country’s energy minister needs to act urgently to procure more electricity generation. (News24)

South Africa’s energy regulator on Thursday granted beleaguered state power utility Eskom's average tariff increase for the 2023/24 financial year of 18.65%. (CNBC Africa)

African leaders failed to tackle widespread abuses against civilians by state security forces and non-state armed groups and insufficiently prioritized justice efforts for victims of atrocities across the continent, Human Rights Watch said today in its World Report 2023. These violations occurred against a backdrop of backsliding on democratic safeguards and rule of law. (All Africa News)

International News

People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their hometowns for holidays that the World Health Organization warns could inflame a raging outbreak. (Reuters)

European stocks were narrowly mixed on Friday, as investors awaited Eurozone inflation data and the all-important U.S. jobs data later in the day for directional cues. U.K. stocks outperformed as resource stocks gained ground (RTT News)

Russia says its forces are edging closer to capturing Soledar, a salt-mining town in eastern Ukraine, which would mark an elusive victory for the Kremlin but comes at the cost of heavy Russian casualties and extensive destruction of the territory they claim. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	143,673.00	10,212,746.95	100.00%
ETFs	-	-	0.00%
Total	143,673.00	10,212,746.95	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 10,212,746.95 worth of shares was traded on the NSX on Wednesday with about N$ 1,868,748 worth of shares belonging to Anglo-American plc and N$ 56,029 from Capricorn Group on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American plc performance on the overall bourse increased as investors demands gold as a safe haven to hedge against a trifling microeconomic environment
• Capricorn Group shares were traded by market participants, 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	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.03	13.03	0.00%
First Rand Namibia	FNB	33.00	33.00	0.00%
Standard Bank Namibia	SNO	4.42	4.42	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	720.00	732.05	1.67%
B2Gold Corporation	B2G	65.04	67.00	3.01%
Oceana Group Limited	OCG	67.57	66.96	-0.90%
Mediclinic International Plc	MEP	103.04	102.30	-0.72%
Truworths	TRW	60.53	61.65	1.85%
Nedbank Group Limited	NBK	213.65	211.89	-0.82%
Standard Bank Group	SNB	169.78	168.41	-0.81%
Shoprite Holdings	SRH	238.80	237.97	-0.35%
FirstRand Limited	FST	63.02	62.89	-0.21%
Momentum Metropolitan Holdings	MMT	18.34	18.03	-1.69%
Old Mutual Ltd	OMM	11.28	11.18	-0.89%
Sanlam Limited	SLA	52.34	52.55	0.40%
Santam Limited	SNM	259.03	260.35	0.51%
Vukile Property Fund Limited	VKN	13.21	13.51	2.27%
Investec Limited	IVD	109.72	108.65	-0.98%
PSG Konsult Limited	KFS	12.26	12.16	-0.82%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	298.41	296.24	-0.73%
New Gold Palladium ETF	NGNPLD	295.49	289.16	-2.14%
New Gold Platinum ETF N	NGNPLT	177.38	178.98	0.90%
New Funds S&P NAM Bond	NFNAMA	18.15	18.20	0.28%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.91
EUR/NAD	18.21
GBP/NAD	20.57
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	131.55
Commodities @ 08:00
Gold	1,887.00
Silver	23.75
Platinum	1,081.25
Palladium	1,782.28
WTI	77.42
Brent	82.70

Table 5: Exchange Rates and Commodities 

Local News

The Market Share Promotion (MSP)_ Scheme will maintain at the current 47% threshold, enabling local traders to keep their market share (Sun Newspaper)

During the third quarter of 2022, foreign direct investment into Namibia recorded a higher inflow, mainly due to equity injections for exploration activities as well as the uptake of intercompany loans. (New Era Newspaper)

Namibia has been asked to send representatives to International Forex Expo and Women in Africa in the Forex Industry meeting to be held in Nigeria on Saturday (The Namibian)

Sub-Sahara News

In 2021, South African business leaders were worried about the economy. Over the two years to come, they told a global survey, their top concerns were prolonged economic stagnation and crises in employment and livelihoods. (News24)

South African power cuts worsened on Wednesday as struggling state utility Eskom said it would extend its worst-ever outages until further notice. (CNBC Africa)

Eskom has announced Stage 6 load shedding across the country. This usually means that electricity could be cut up to four times in 24 hours. The power utility said on Twitter that nightly blackouts will continue until further notice and that Stage 4 cuts would continue between 5 am and 4 pm daily. (All Africa News)

International News

People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their hometowns for holidays that the World Health Organization warns could inflame a raging outbreak. (Reuters)

European stocks declined on Thursday, snapping a three-day winning streak as the Federal Reserve's Dec. (RTT News)

Predicting a difficult year ahead for Pakistan, the World Bank has revised the country’s growth projections from 4 percent in June last year to 2 percent for the current fiscal year, citing “precarious economic situation, low foreign exchange reserves, and large fiscal and current account deficits” among the primary reasons. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	620,317.00	55,903,180.32	100.00%
ETFs	-	-	0.00%
Total	620,317.00	55,903,180.32	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 55,903,180.32 worth of shares was traded on the NSX on Tuesday with about N$ 7,065,186 worth of shares belonging to Anglo-American plc and N$ 17,500 from Letshego Holdings Ltd on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American plc performance on the overall bourse increased by decreased as investors rearrange their portfolios based on volatility experienced in the resource sector
• Letshego Holdings Ltd shares were traded by market participants, with an increase in share price as investor sentiments remain positive based on prior company performance

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.03	13.03	0.00%
First Rand Namibia	FNB	33.00	33.00	0.00%
Standard Bank Namibia	SNO	4.42	4.42	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.00	3.50	16.67%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	730.43	720.00	-1.43%
B2Gold Corporation	B2G	66.86	65.04	-2.72%
Oceana Group Limited	OCG	66.46	67.57	1.67%
Mediclinic International Plc	MEP	102.51	103.04	0.52%
Truworths	TRW	59.40	60.53	1.90%
Nedbank Group Limited	NBK	214.95	213.65	-0.60%
Standard Bank Group	SNB	171.25	169.78	-0.86%
Shoprite Holdings	SRH	235.54	238.80	1.38%
FirstRand Limited	FST	64.11	63.02	-1.70%
Momentum Metropolitan Holdings	MMT	18.14	18.34	1.10%
Old Mutual Ltd	OMM	11.32	11.28	-0.35%
Sanlam Limited	SLA	52.96	52.34	-1.17%
Santam Limited	SNM	256.67	259.03	0.92%
Vukile Property Fund Limited	VKN	13.03	13.21	1.38%
Investec Limited	IVD	108.84	109.72	0.81%
PSG Konsult Limited	KFS	12.20	12.26	0.49%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	296.58	298.41	0.62%
New Gold Palladium ETF	NGNPLD	293.15	295.49	0.80%
New Gold Platinum ETF N	NGNPLT	178.55	177.38	-0.66%
New Funds S&P NAM Bond	NFNAMA	18.20	18.15	-0.27%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.99
EUR/NAD	18.27
GBP/NAD	20.68
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	132.94
Commodities @ 08:00
Gold	1,887.10
Silver	24.01
Platinum	1,097.65
Palladium	1,782.28
WTI	74.46
Brent	79.47

Table 5: Exchange Rates and Commodities 

Local News

World food prices fell for a ninth month in a row in December, though they hit their highest level on record for the full year in 2022.  (Sun Newspaper)

Climate change is likely to have huge implications for Namibian society and its economy over the short, medium, and long-term, an economist with the Institute for Public Policy Research (IPPR) Robin Sherbourne said. (New Era Newspaper)

Finance spokesperson Wilson Shikoto, during a Desert Radio interview, said underprivileged women and girls typically do not use tampons, hence the decision to maintain a 15% value-added tax (VAT) on these items. (The Namibian)

Sub-Sahara News

South Africa has entered a critical phase of revamping its sole nuclear plant and needs it to run according to plan to avoid deepening power cuts that are already at a record and wreaking havoc on the economy. (News24)

Ghana is set to request on Tuesday to restructure its debt with official bilateral creditors under the common framework platform supported by the Group of 20 major economies. (CNBC Africa)

Uganda is waiting to be declared Ebola-free on Wednesday, January 11 after going 42 days without reporting a new case. (All Africa News)

International News

The battle for the eastern Ukrainian salt mining town raged in sub-zero temperatures on Wednesday, as Russia's mercenary Wagner Group claimed it had taken control, with its fighters training their fire on a pocket of resistance in the town Centre. (Reuters)

European stocks rose for a third day running on Wednesday, even as U.K. markets underperformed amid a decline in commodity-related stocks (RTT News)

Ukraine says it is strengthening its forces around Bakhmut in the eastern Donbas region and repelling constant attacks there by the Russian mercenary group Wagner. (Aljazeera News)