Category: Equity Market Research




NSX DAILY UPDATE (09 JANUARY 2023)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 304,823.00 21,694,132.95100.00%
ETFs -   -  0.00%
Total 304,823.00 21,694,132.95 100.00%

Table 1: NSX Trades

NSX Activities


A total of N$ 21,694,132.95 worth of shares was traded on the NSX on Monday with about N$ 3,801,275 worth of shares belonging to Anglo-American plc and N$ 1,145,100 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 plc performance on the overall bourse increased by 2.6% at closing as gold prices continues to rise by 20.09%.
  • FirstRand Namibia Ltd shares were traded by one market participant, with no change in share price a closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0313.030.00%
First Rand NamibiaFNB33.0033.000.00%
Standard Bank NamibiaSNO4.414.420.23%
Oryx LimitedORY11.5011.500.00%
Letshego  LHN3.003.000.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.2013.200.00%
Mobile Telecommunication CompanyMOC7.047.040.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


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NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM712.16730.432.57%
B2Gold CorporationB2G66.2666.860.91%
Oceana Group LimitedOCG64.8166.462.55%
Mediclinic International PlcMEP102.42102.510.09%
TruworthsTRW57.6059.403.13%
Nedbank Group LimitedNBK209.14214.952.78%
Standard Bank GroupSNB166.76171.252.69%
Shoprite HoldingsSRH231.29235.541.84%
FirstRand LimitedFST62.1864.113.10%
Momentum Metropolitan HoldingsMMT17.7818.142.02%
Old Mutual LtdOMM10.9911.323.00%
Sanlam LimitedSLA51.0852.963.68%
Santam LimitedSNM255.69256.670.38%
Vukile Property Fund LimitedVKN12.9513.030.62%
Investec LimitedIVD107.79108.840.97%
PSG Konsult LimitedKFS12.2012.200.00%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD297.37296.58-0.27%
New Gold Palladium ETFNGNPLD295.72293.15-0.87%
New Gold Platinum ETF NNGNPLT178.41178.550.08%
New Funds S&P NAM BondNFNAMA18.0518.200.83%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD16.94
EUR/NAD18.19
GBP/NAD20.62
EUR/GBP0.88
EUR/USD1.04
GBP/USD1.21
AUD/USD0.69
USD/JPY131.94
Commodities @ 08:00 
Gold1,878.75
Silver23.72
Platinum1,092.50
Palladium1,787.03
WTI74.46
Brent79.42

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)

Onkoshi, one of Namibia Wildlife Resort’s best and most unique Etosha camps has been given a multi-million-dollar facelift, which is expected to be completed in February 2023 (New Era Newspaper)

National Fishing Corporation of Namibia (Fishcor) will no longer be paying forme4r Seaflower Pelagic Processing (SPP), which has now been renamed Princess Brand Processing. (The Namibian)

Sub-Sahara News

President Cyril Ramaphosa played down suggestions that an amendment to the central bank’s mandate is imminent while confirming that a possible change remains under discussion. (News24)

Kenya Airways KQNA.NR is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. (CNBC Africa)

The sale of electric cars is growing. Globally, some 2 million electric vehicles were sold in the first quarter of 2022 - 75% more than in the first three months of 2021. Most, though, are sold in high-income countries. (All Africa News)

International News

China's embassy in Seoul said on Tuesday it has stopped issuing short-term visas for visitors from South Korea, the first retaliatory move against countries imposing COVID-19 curbs on travelers from China, where the virus is spreading unchecked. (Reuters)

Asian stocks turned in a mixed performance on Tuesday as investors digested disappointing Chinese data and awaited a slew of U.S. economic data this week for clues on the outlook for the economy and interest rates. (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)

NSX DAILY UPDATE (29 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 81,063.00 2,488,997.13100.00%
ETFs -   -  0.00%
Total 81,063.00 2,488,997.13 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 2,488,997.13 worth of shares was traded on the NSX on Tuesday with about N$ 220,020 worth of shares belonging to Namibia Breweries 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 by market participants, resulting in no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0146.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0213.020.00%
First Rand NamibiaFNB32.0032.010.03%
Standard Bank NamibiaSNO4.204.200.00%
Oryx LimitedORY10.2410.240.00%
LetshegoLHN3.023.020.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM654.19670.072.43%
B2Gold CorporationB2G60.0857.66-4.03%
Oceana Group LimitedOCG59.0059.270.46%
Mediclinic International PlcMEP102.00100.47-1.50%
TruworthsTRW56.0255.39-1.12%
Nedbank Group LimitedNBK228.24225.01-1.42%
Standard Bank GroupSNB181.66177.97-2.03%
Shoprite HoldingsSRH251.99250.16-0.73%
FirstRand LimitedFST66.9665.04-2.87%
Momentum Metropolitan HoldingsMMT18.0417.78-1.44%
Old Mutual LtdOMM11.1510.94-1.88%
Sanlam LimitedSLA55.7554.91-1.51%
Santam LimitedSNM263.17256.60-2.50%
Vukile Property Fund LimitedVKN14.6014.41-1.30%
Investec LimitedIVD103.02103.670.63%
PSG Konsult LimitedKFS11.9511.93-0.17%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD279.18277.98-0.43%
New Gold Palladium ETFNGNPLD304.48305.460.32%
New Gold Platinum ETF NNGNPLT163.68164.080.24%
New Funds S&P NAM BondNFNAMA17.6117.630.11%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD16.96
EUR/NAD17.56
GBP/NAD20.32
EUR/GBP0.86
EUR/USD1.03
GBP/USD1.21
AUD/USD0.67
USD/JPY138.47
Commodities @ 08:00 
Gold1,749.75
Silver21.26
Platinum989.20
Palladium1,859.78
WTI78.61
Brent84.62

Table 5: Exchange Rates and Commodities 


Local News

For the first time, Agra reported a net profit before tax of more than N$100 million for the financial year 2021/22. (Sun Newspaper)

The Namibia Trade Forum (NTF) and Development Bank recently launched an agreement in terms of which NTF will assist export-oriented enterprises and start-ups to apply for DBN finance (New Era Newspaper)

Economic analysts say it is still too early to comment on economic conditions should the newly elected Swapo vice president (The Namibian)

Sub-Sahara News

South African Airways planes, or, rather, aircraft once used by the airline, are returning to service – in countries such as Nigeria and Serbia. (News24)

South Africa’s long-awaited economic reforms have begun to improve the country’s outlook, but the age-old problems of political uncertainty and a failing power system still pose significant risks. (CNBC Africa)

Africa is a diverse continent with natural and human resources capable of creating inclusive growth and eradicating poverty. The continent now has the world's most extensive free trade area, with a market of 1.2 billion people. Africa seeks an entirely new economic growth path, capitalizing on the potential of its people and resources. (All Africa News)

International News

South Korea's military said it scrambled fighter jets as two Chinese and six Russian warplanes entered its air defense zone on Wednesday (Reuters)

Asian stocks ended mostly higher on Wednesday despite lingering worries about the Chinese economy and ahead of the release of the latest Fed meeting minutes later in the day. Regional gains were capped by rising COVID-19 infections in China. (RTT News)

Bill was standing with a group of people mostly in their 20s when a young woman started to lead the chanting. “Give me liberty, or give me death,” she shouted, her voice cracking at one point. (Aljazeera News)

NSX DAILY UPDATE (25 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 55,435.00 7,710,633.35100.00%
ETFs -   -  0.00%
Total 55,435.00 7,710,633.35 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$7,710,633.35 worth of shares was traded on the NSX on Friday with about N$ 669,252 worth of shares belonging to Anglo-American and N$   182,000 from Paratus Namibia Holdings Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance increased as market participants engage in the company stock causing it to rise by 0.4%
  • Paratus Namibia Holdings shares were traded by market participants, resulting in no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0146.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0213.020.00%
First Rand NamibiaFNB31.5131.510.00%
Standard Bank NamibiaSNO4.394.20-4.33%
Oryx LimitedORY10.2410.240.00%
LetshegoLHN3.023.020.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.037.02-0.14%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM661.53663.990.37%
B2Gold CorporationB2G60.1260.981.43%
Oceana Group LimitedOCG59.5459.48-0.10%
Mediclinic International PlcMEP101.89102.000.11%
TruworthsTRW56.5156.25-0.46%
Nedbank Group LimitedNBK224.67227.231.14%
Standard Bank GroupSNB180.95180.90-0.03%
Shoprite HoldingsSRH251.28252.100.33%
FirstRand LimitedFST66.3767.091.08%
Momentum Metropolitan HoldingsMMT18.0218.050.17%
Old Mutual LtdOMM11.2011.04-1.43%
Sanlam LimitedSLA55.5055.29-0.38%
Santam LimitedSNM262.46265.181.04%
Vukile Property Fund LimitedVKN14.5114.661.03%
Investec LimitedIVD101.90103.401.47%
PSG Konsult LimitedKFS11.8712.041.43%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD278.53279.770.45%
New Gold Palladium ETFNGNPLD311.44304.03-2.38%
New Gold Platinum ETF NNGNPLT162.19162.590.25%
New Funds S&P NAM BondNFNAMA17.7417.61-0.73%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.15
EUR/NAD17.77
GBP/NAD20.68
EUR/GBP0.85
EUR/USD1.03
GBP/USD1.21
AUD/USD0.66
USD/JPY138.33
Commodities @ 08:00 
Gold1,751.55
Silver21.28
Platinum985.20
Palladium1,853.28
WTI74.21
Brent81.46

Table 5: Exchange Rates and Commodities 


Local News

More than 400 employees from Gendev Fishing Group and Princess Brand Processors have called on the fisheries minister to allocate quotas or allow fishing within the 200-metre contour line. (Sun Newspaper)

The technical committee working on Namibia and Botswana’s bid for the 2027 Africa Cup of Nations (Afcon) yesterday moved swiftly to calm growing perceptions that the bid has become a stalled project, announcing a raft of new developments around the initiative. (New Era Newspaper)

The Confederation of Namibian Fishing Associations (CNFA) has distanced itself from the horse mackerel sector's fight to be allowed to fish in a seabed area that has been protected for the past 25 years. (The Namibian)

Sub-Sahara News

On Friday, Transnet Freight Rail (TFR) announced that only two companies had participated in its much-anticipated auction of slots to private players, the company's first foray into allowing private participation on the rail network. (News24)

Malawi’s Anti-Corruption Bureau has arrested and charged the country’s Vice President Saulos Klaus Chilima over graft allegations, it said on Friday, following months of investigation over his conduct. (CNBC Africa)

Africa is a diverse continent with natural and human resources capable of creating inclusive growth and eradicating poverty. The continent now has the world's most extensive free trade area, with a market of 1.2 billion people. Africa seeks an entirely new economic growth path, capitalizing on the potential of its people and resources. (All Africa News)

International News

The Pentagon is considering a Boeing proposal to supply Ukraine with cheap, small precision bombs fitted onto abundantly available rockets, allowing Kyiv to strike far behind Russian lines as the West struggles to meet the demand for more arms. (Reuters)

Asian stocks fell broadly on Monday, as China battled a record number of COVID-19 cases, and Russian officials in control of Europe's largest nuclear site accused Kyiv of shelling the area. (RTT News)

Ukraine’s President Volodymyr Zelenskyy has warned of new Russian missile attacks on his country, urging defense forces and citizens to be prepared to withstand a new week of strain on the power grid. (Aljazeera News)

NSX DAILY UPDATE (24 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 212,293.00 4,461,757.39100.00%
ETFs -   -  0.00%
Total 212,293.00 4,461,757.39 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$4,461,757.39 worth of shares was traded on the NSX on Thursday with about N$ 695,931 worth of shares belonging Anglo-American and N$  658,843 from FirstRand Namibia on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance increased as market participants engage in the company stock causing it to rise by 0.7% at closing
  • FirstRand Namibia shares were traded by market participants, resulting in an increase of 1.6% at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.010.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0113.020.08%
First Rand NamibiaFNB31.0031.511.65%
Standard Bank NamibiaSNO4.404.39-0.23%
Oryx LimitedORY10.2510.24-0.10%
LetshegoLHN3.003.020.67%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.030.14%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM657.25661.530.65%
B2Gold CorporationB2G59.9560.120.28%
Oceana Group LimitedOCG57.8159.542.99%
Mediclinic International PlcMEP101.17101.890.71%
TruworthsTRW57.5356.51-1.77%
Nedbank Group LimitedNBK227.10224.67-1.07%
Standard Bank GroupSNB181.69180.95-0.41%
Shoprite HoldingsSRH249.23251.280.82%
FirstRand LimitedFST67.1566.37-1.16%
Momentum Metropolitan HoldingsMMT18.2318.02-1.15%
Old Mutual LtdOMM11.3611.20-1.41%
Sanlam LimitedSLA56.2355.50-1.30%
Santam LimitedSNM262.63262.46-0.06%
Vukile Property Fund LimitedVKN14.5514.51-0.27%
Investec LimitedIVD101.58101.900.32%
PSG Konsult LimitedKFS11.9811.87-0.92%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD277.35278.530.43%
New Gold Palladium ETFNGNPLD308.91311.440.82%
New Gold Platinum ETF NNGNPLT161.65162.190.33%
New Funds S&P NAM BondNFNAMA17.5717.740.97%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.01
EUR/NAD17.72
GBP/NAD20.61
EUR/GBP0.86
EUR/USD1.04
GBP/USD1.21
AUD/USD0.66
USD/JPY138.51
Commodities @ 08:00 
Gold1,756.40
Silver21.43
Platinum993.20
Palladium1,883.28
WTI78.31
Brent85.48

Table 5: Exchange Rates and Commodities 


Local News

The South African Reserve Bank (SARB) yesterday announced a 75 basis points increase in the repo rate from 6.25% to 7.00% (Sun Newspaper)

Despite Okahandja municipality having publicly announced that it has employed a debt collector to enforce its credit policy, residents are up in arms, protesting the council never consulted them on the issue before enforcement  (New Era Newspaper)

Dundee Precious Metals reported a throughput of 63 990 tonnes of complex concentrate smelted copper at Tsumeb during the third quarter of 2022 and generated N$513 million (US$39 million) in all its operations worldwide (The Namibian)

Sub-Sahara News

A court in Germany has announced that the accounting fraud trial of former Steinhoff CEO Markus Jooste will start early next year. (News24)

Ghana is at high risk of debt distress and has agreed on a debt management strategy with the International Monetary Fund (IMF), finance minister Ken Ofori-Atta said on Thursday. (CNBC Africa)

South African President, Cyril Ramphosa, has pleaded with the British monarch and government to facilitate a smooth re-admission of Zimbabwe into the Commonwealth and lift the sanctions imposed on the Southern African country. (All Africa News)

NSX DAILY UPDATE (22 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 124,963.00 1,554,447.5189.76%
ETFs 631.00 177,285.7610.24%
Total 125,594.00 1,731,733.27 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$1,554,447.51 worth of shares was traded on the NSX on Tuesday with about N$ 22,392 worth of shares belonging to Anglo-American and N$ 46,000 from Namibia Breweries on the home front. ETFs worth N$177,285.76 were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s performance surged as gold prices traded slightly higher at $1 741.24 an ounce at the same time.
  • Namibia Breweries’ shares were traded by market participants, resulting in no change in share price at closing
  • New Gold Issuer Ltd NM was sold off as commodity prices grow soars amid the commentary made by the Saudi Energy minister signaling a reduction of oil
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0113.010.00%
First Rand NamibiaFNB31.0031.000.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2510.250.00%
LetshegoLHN3.003.000.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM634.65644.421.54%
B2Gold CorporationB2G58.6357.51-1.91%
Oceana Group LimitedOCG55.5058.475.35%
Mediclinic International PlcMEP101.25101.880.62%
TruworthsTRW55.5557.593.67%
Nedbank Group LimitedNBK178.78226.8226.87%
Standard Bank GroupSNB178.78180.981.23%
Shoprite HoldingsSRH244.78245.500.29%
FirstRand LimitedFST65.2466.511.95%
Momentum Metropolitan HoldingsMMT16.9017.704.73%
Old Mutual LtdOMM11.1811.351.52%
Sanlam LimitedSLA54.3055.502.21%
Santam LimitedSNM252.42264.954.96%
Vukile Property Fund LimitedVKN14.3514.28-0.49%
Investec LimitedIVD99.7199.780.07%
PSG Konsult LimitedKFS12.2012.06-1.15%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD283.15281.80-0.48%
New Gold Palladium ETFNGNPLD328.19314.65-4.13%
New Gold Platinum ETF NNGNPLT164.24166.841.58%
New Funds S&P NAM BondNFNAMA17.4617.500.23%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.24
EUR/NAD17.81
GBP/NAD20.50
EUR/GBP0.86
EUR/USD1.03
GBP/USD1.18
AUD/USD0.66
USD/JPY141.34
Commodities @ 08:00 
Gold1,742.00
Silver21.06
Platinum992.80
Palladium1,873.78
WTI79.94
Brent87.46

Table 5: Exchange Rates and Commodities 


Local News

The mines ministry wants to probe all applications for exclusive prospecting licenses (EPLs) submitted between September 2021 and September 2022 (Sun Newspaper)

MTC and the leadership of Otjiwarongo municipality last week into a strategic cooperation agreement, which will see the two institutions collaborate to enhance public service delivery through innovative digital solutions (New Era Newspaper)

Mobile Telecommunications Limited (MTC) has announced expected better returns for the 2022 financial year, with profit expected to go up by a minimum of N$44 million (The Namibian)

Sub-Sahara News

The UK government intends to support South Africa's plans to develop a green hydrogen sector with grant-funded technical assistance. (News24)

Nigeria’s central bank raised its benchmark lending rate to 16.50% from 15.50% NGCBIR=ECI on Tuesday, as policymakers attempted to rein in inflation that was slowing down economic growth. (CNBC Africa)

Cameroon has blamed arms smuggling from its neighbors for fueling Boko Haram terrorism, anglophone separatists, and crime. The military says it has recovered only a small fraction of illegal small arms out of what is thought to be more than 100,000, most of them smuggled from neighboring Chad and Nigeria.

 (All Africa News)

International News

Ukraine's government on Tuesday urged people to conserve energy amid relentless Russian strikes that have halved the country's power capacity, as the United Nations health body warned of a humanitarian disaster in Ukraine this winter. (Reuters)

Asian stocks ended on a subdued note Wednesday, as investors waited for more clarity over reports that Russian missiles aimed at Ukraine have hit NATO territory in Poland. (RTT News)

Rescue workers in Indonesia are racing to reach people still trapped in the rubble a day after an earthquake devastated a West Java town, killing dozens of people and injuring hundreds as buildings collapsed. (Aljazeera News)

NSX DAILY UPDATE (21 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 357,683.00 9,167,553.49100.00%
ETFs -   -  0.00%
Total 357,683.00 9,167,553.49 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 9,167,553.49 worth of shares was traded on the NSX on Monday with about N$ 1,024,009 worth of shares belonging to Anglo-American and N$ 1,306,074 from Capricorn Group Limited on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s shares resort back in declining indicating high correlating with the VIX index
  • Capricorn Group’s shares were traded by market participants, resulting in a slightly increase at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.010.08%
First Rand NamibiaFNB31.0031.000.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2510.250.00%
LetshegoLHN3.003.000.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM649.65634.65-2.31%
B2Gold CorporationB2G57.9958.631.10%
Oceana Group LimitedOCG55.5055.500.00%
Mediclinic International PlcMEP101.48101.25-0.23%
TruworthsTRW55.5555.550.00%
Nedbank Group LimitedNBK220.00178.78-18.74%
Standard Bank GroupSNB178.86178.78-0.04%
Shoprite HoldingsSRH247.84244.78-1.23%
FirstRand LimitedFST65.3365.24-0.14%
Momentum Metropolitan HoldingsMMT17.0316.90-0.76%
Old Mutual LtdOMM11.1511.180.27%
Sanlam LimitedSLA54.9254.30-1.13%
Santam LimitedSNM255.62252.42-1.25%
Vukile Property Fund LimitedVKN14.3214.350.21%
Investec LimitedIVD96.7899.713.03%
PSG Konsult LimitedKFS12.2612.20-0.49%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD283.15283.150.00%
New Gold Palladium ETFNGNPLD328.19328.190.00%
New Gold Platinum ETF NNGNPLT164.24164.240.00%
New Funds S&P NAM BondNFNAMA17.4617.460.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.31
EUR/NAD17.75
GBP/NAD20.52
EUR/GBP0.86
EUR/USD1.02
GBP/USD1.18
AUD/USD0.66
USD/JPY141.87
Commodities @ 08:00 
Gold1,746.85
Silver21.05
Platinum994.30
Palladium1,874.28
WTI79.92
Brent87.39

Table 5: Exchange Rates and Commodities 


Local News

FlyNamibia yesterday retreated that it neither bought nor did it bid to buy liquidated Air Namibia’s aircraft, contrary to allegations made to the government by one of the companies interested in acquiring the grounded planes. (Sun Newspaper)

The country’s competition watchdog has called out two suppliers of office automation equipment, dealing in high-volume digital printing machines and copy machines, for contravening legislation that ensures fair competition. (New Era Newspaper)

Australian company Cazaly Resources Limited will commence infill surface sampling at the Kaoko Critical Minerals Project this week after data review relieved the potential for a sizeable sediment-hosted lithium deposit (The Namibian)

Sub-Sahara News

ANC leader Cyril Ramaphosa is set to be the main contender for the party's top position when the electoral committee announces the outcomes of branch nominations for the top six on Tuesday. (News24)

African nations made clear at last week’s United Nations climate summit that the region would develop its fossil fuel resources to alleviate fuel shortages, help lift local populations out of poverty and spur vital economic growth. (CNBC Africa)

The Member of Parliament (MP) for Nhyiaeso Constituency in the Ashanti Region, Dr. Stephen Amoah, has postulated that the President's decision to sack an appointee named in a corruption scandal is deserving of acknowledgment. (All Africa News)

International News

Ukrainians braced for winter with little or no power in several areas including the capital where temperatures have already dropped below freezing as relentless Russian strikes crippled the country's energy capacity. (Reuters)

Asian stocks ended mixed on Tuesday after Wall Street's main indexes ended lower overnight and China data disappointed. (RTT News)

Rescue workers in Indonesia are racing to reach people still trapped in rubble a day after an earthquake devastated a West Java town, killing dozens of people and injuring hundreds as buildings collapsed. (Aljazeera News)

NSX DAILY UPDATE (18 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 275,742.00 8,056,861.3999.02%
ETFs 335.00 79,782.350.98%
Total 276,077.00 8,136,643.74 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 8,056,861.39 worth of shares was traded on the NSX on Friday with about N$ 1,267,637 worth of shares belonging to Anglo-American and N$ 865,244 from Oryx Properties on the home front. No ETFs worth N$ 79,782.35 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares finally stabilize as share prices surge after a week-long bearish run.
  • Oryx Properties’ shares were traded by market participants, declining slightly by small margins.
  • New Gold Issuer Ltd NM & New Gold Platinum ETF N were traded displaying mixed feelings.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB31.0031.000.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.25-0.10%
LetshegoLHN3.003.000.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM646.62649.650.47%
B2Gold CorporationB2G58.9857.99-1.68%
Oceana Group LimitedOCG55.3055.500.36%
Mediclinic International PlcMEP102.05101.48-0.56%
TruworthsTRW55.4255.550.23%
Nedbank Group LimitedNBK215.40220.002.14%
Standard Bank GroupSNB176.28178.861.46%
Shoprite HoldingsSRH250.88247.84-1.21%
FirstRand LimitedFST64.4365.331.40%
Momentum Metropolitan HoldingsMMT16.6317.032.41%
Old Mutual LtdOMM10.7011.154.21%
Sanlam LimitedSLA53.7754.922.14%
Santam LimitedSNM257.09255.62-0.57%
Vukile Property Fund LimitedVKN14.1114.321.49%
Investec LimitedIVD93.8696.783.11%
PSG Konsult LimitedKFS12.2912.26-0.24%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD286.85283.15-1.29%
New Gold Palladium ETFNGNPLD337.09328.19-2.64%
New Gold Platinum ETF NNGNPLT166.82164.24-1.55%
New Funds S&P NAM BondNFNAMA17.4717.46-0.06%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.35
EUR/NAD17.83
GBP/NAD20.52
EUR/GBP0.86
EUR/USD1.02
GBP/USD1.18
AUD/USD0.66
USD/JPY140.51
Commodities @ 08:00 
Gold1,748.94
Silver20.79
Platinum979.20
Palladium1,967.28
WTI79.80
Brent87.13

Table 5: Exchange Rates and Commodities 


Local News

Air Namibia liquidators Bruni and McLaren have reportedly received an offer from Cameroonian company ZeJet for the purchase of the former airline’s four Embraer 135 jets (Sun Newspaper)

It is that time of the year when many Namibians decide to travel the world for their annual holidays-and as a result, many have to pass through the busiest airport on the continent. (New Era Newspaper)

The Namibia Ports Authority (Namport) has upped its revenue by 20% in the first seven months of the financial year starting 1 April 2022 to 31 October 2022. (The Namibian)

Sub-Sahara News

Thousands of taxi commuters are expected to be affected by a major two-day taxi strike in Cape Town, which kicks off on Monday. (News24)

Negotiators say they have struck a potential breakthrough deal on the thorniest issue of United Nations climate talks, the creation of a fund for compensating poor nations that are victims of extreme weather worsened by rich nations’ carbon pollution. (CNBC Africa)

The British High Commissioner to Nigeria, Mrs. Catriona Laing, has said that the number of Nigerians applying for visas to the UK has increased in recent times. (All Africa News)

International News

The head of the U.N. nuclear watchdog has warned that whoever fired artillery at Ukraine's Zaporizhzhia nuclear power plant was "playing with fire" as his team prepared to inspect it on Monday for damage from the weekend strikes. (Reuters)

European stocks rose on Monday after China unveiled a sweeping rescue package to salvage its real estate market. (RTT News)

Malaysia’s stock market and currency dipped after a national election produced the Southeast Asian nation’s first hung parliament, setting off a scramble to form a coalition before a Monday afternoon deadline. (Aljazeera News)

NSX DAILY REPORT( 17 NOVEMBER 2022)

HIGH ECONOMIC INTELLIGENCE NAMIBIAN STOCK EXCHANGE(NSX) DAILY REPORT (17 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 69,845.00 5,807,911.59100.00%
ETFs -   -  0.00%
Total 69,845.00 5,807,911.59 100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 5,807,911.59 worth of shares was traded on the NSX on Thursday with about N$ 1,248,859 worth of shares belonging to Anglo-American and N$  826,712 from Namibia Breweries on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s shares indicate a bearish week where shares were dumped indicating a lack of confidence from investors in the company’s performance.
  • Namibia Breweries’ shares were traded by market participants, with no change in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB31.0031.000.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN3.003.000.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM657.60646.62-1.67%
B2Gold CorporationB2G59.6358.98-1.09%
Oceana Group LimitedOCG55.7855.30-0.86%
Mediclinic International PlcMEP101.12102.050.92%
TruworthsTRW55.4055.420.04%
Nedbank Group LimitedNBK216.15215.40-0.35%
Standard Bank GroupSNB176.79176.28-0.29%
Shoprite HoldingsSRH247.00250.881.57%
FirstRand LimitedFST64.5464.43-0.17%
Momentum Metropolitan HoldingsMMT16.7216.63-0.54%
Old Mutual LtdOMM10.7310.70-0.28%
Sanlam LimitedSLA53.6753.770.19%
Santam LimitedSNM258.87257.09-0.69%
Vukile Property Fund LimitedVKN14.0714.110.28%
Investec LimitedIVD93.2493.860.66%
PSG Konsult LimitedKFS12.2212.290.57%

Table 3: Dual-Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD286.11286.850.26%
New Gold Palladium ETFNGNPLD346.26337.09-2.65%
New Gold Platinum ETF NNGNPLT168.78166.82-1.16%
New Funds S&P NAM BondNFNAMA17.7317.47-1.47%

Table 4: ETFs

Exchange Rates @ 08:00 
USD/NAD17.30
EUR/NAD17.35
GBP/NAD20.59
EUR/GBP0.87
EUR/USD1.03
GBP/USD1.18
AUD/USD0.67
USD/JPY139.86
Commodities @ 08:00 
Gold1,765.80
Silver21.13
Platinum989.40
Palladium2,008.03
WTI82.25
Brent90.23

Table 5: Exchange Rates and Commodities 

Local News

The government wants the Social Security Commission (SSC) to avail N$40 million over two years to fund a state-sponsored internship programme, a leaked document has revealed (Sun Newspaper)

The New Home Affairs Headquarters were named after former president Hifikepunye Pohamba, Namibia’s first home affairs minister (New Era Newspaper)

Uis, a mining settlement with a population of 5,000 or less, has become a hot spot for rare earth mineral explorers, with an Australian company recently announcing it found high-grade lithium-cesium-tantalum-rubidium-type rocks. (The Namibian)

Sub-Sahara News

Major credit-ratings companies will probably only consider taking decisive action on South Africa’s junk assessment after the governing party elects a new leader and more detailed plans to tackle the state-owned power utility’s unsustainable debt burden are announced. (News24)

The U.N. climate agency published the first draft on Thursday of a hoped-for final agreement from the COP27 climate summit, repeating many of last year’s goals while leaving contentious issues still to be resolved. (CNBC Africa)

The fallout of a changing climate is indisputable as it is already disrupting the livelihoods of millions of people in Africa, especially the poorest and most vulnerable. (All Africa News)

International News

North Korea fired a ballistic missile on Thursday as it warned of "fiercer military responses" to U.S. efforts to boost its security presence in the region with its allies, saying Washington is taking a "gamble it will regret". (Reuters)

Asian stocks soared on Friday, as China cut quarantine restrictions for inbound travelers and flights and softer-than-expected U.S. inflation data fuelled hopes the Federal Reserve will ease up on its interest rate increases in the coming months. (RTT News)

Russia’s war in Ukraine jolted NATO this week when a missile exploded in a Polish village near the Ukrainian border, killing two people. (Aljazeera News)

NSX DAILY UPDATE (16 NOVEMBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 105,812.00 7,069,188.2495.87%
ETFs 1,060.00 304,177.604.13%
Total 106,872.00 7,373,365.84 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 7,069,188.24 worth of shares was traded on the NSX on Wednesday with about N$ 631,375 worth of shares belonging to Anglo-American and N$ 455,000 from Paratus Namibia Holdings on the home front. ETFs worth N$ 304,177.60 were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares continue to be sold off as commodity prices weaken amid news from the US, China, and Euro Data
  • Paratus Namibia shares were traded by market participants, with no change in share price at closing
  • New Gold Issuer Ltd NM ETFs were subscribed by market participants at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB31.0031.000.00%
Standard Bank NamibiaSNO4.404.400.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN3.003.000.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.027.020.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM686.53657.60-4.21%
B2Gold CorporationB2G60.6359.63-1.65%
Oceana Group LimitedOCG56.0055.78-0.39%
Mediclinic International PlcMEP101.49101.12-0.36%
TruworthsTRW56.3355.40-1.65%
Nedbank Group LimitedNBK216.89216.15-0.34%
Standard Bank GroupSNB175.10176.790.97%
Shoprite HoldingsSRH253.64247.00-2.62%
FirstRand LimitedFST64.5064.540.06%
Momentum Metropolitan HoldingsMMT16.9016.72-1.07%
Old Mutual LtdOMM10.7610.73-0.28%
Sanlam LimitedSLA54.1453.67-0.87%
Santam LimitedSNM262.83258.87-1.51%
Vukile Property Fund LimitedVKN14.3714.07-2.09%
Investec LimitedIVD94.5193.24-1.34%
PSG Konsult LimitedKFS12.0112.221.75%

Table 3: Dual-Listed Trades

NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD285.25286.110.30%
New Gold Palladium ETFNGNPLD345.64346.260.18%
New Gold Platinum ETF NNGNPLT170.24168.78-0.86%
New Funds S&P NAM BondNFNAMA17.7317.730.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.30
EUR/NAD17.96
GBP/NAD20.58
EUR/GBP0.87
EUR/USD1.03
GBP/USD1.18
AUD/USD0.67
USD/JPY139.39
Commodities @ 08:00 
Gold1,766.35
Silver21.21
Platinum1,008.20
Palladium2,036.28
WTI84.42
Brent91.83

Table 5: Exchange Rates and Commodities 


Local News

The government wants the Social Security Commission (SSC) to avail N$40 million over two years to fund a state-sponsored internship program, a leaked document has revealed (Sun Newspaper)

The annual inflation rate in October 2022 increased by 7.1% compared to 3.6% recorded in October 2021 (New Era Newspaper)

Canadian mining company Madison Metals has bought more land in Erongo Region for its uranium mining activities (The Namibian)

Sub-Sahara News

R40bn Transnet contracts linked to Chinese companies probed in biggest state capture case yet (News24)

Countries were far from agreeing to the contours of a climate deal at the COP27 summit in Egypt on Wednesday, with the host country urging negotiators to resolve their differences ahead of a weekend deadline. (CNBC Africa)

A new study has found that heavy rain and flooding in the Lake Chad region, which killed more than 800 people this year, was 80 times likelier as a result of climate change. (All Africa News)

International News

North Korea fired a ballistic missile on Thursday as it warned of "fiercer military responses" to U.S. efforts to boost its security presence in the region with its allies, saying Washington is taking a "gamble it will regret". (Reuters)

Asian stocks tumbled on Thursday, as a surge in COVID-19 cases spurred lockdowns in the southern Chinese manufacturing hub of Guangzhou and uncertainty continued over the outcome of the U.S. midterm elections. (RTT News)

Myanmar’s military has announced it was releasing an Australian academic, a Japanese filmmaker, an ex-British diplomat and an American as part of a prisoner amnesty. (Aljazeera News)


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