Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,242,700	97,662,385	100.00%
ETFs	-	-	0.00%
Total	1,242,700	97,662,385	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 97,662,385 worth of shares was traded on the NSX on Friday, with about N$  3,768,537 worth of Anglo-American, N$  2,687,951 worth of Sanlam Limited and N$   12,070  Oryx Properties Limited on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased at closing as the company partners with EDF Renewables to secure 100% renewable energy supply
• Shares belonging to Sanlam Limited decreased in share price as cautionary notice advised market participants of the possible material effect that may arise when dealing with securities.
• On the NSX local listing, Oryx Properties Limited shares were allotted by market participants, without a change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.99	45.00	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.99	13.99	0.00%
First Rand Namibia	FNB	29.52	29.52	0.00%
Standard Bank Namibia	SNO	5.37	5.37	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	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	7.86	8.01	1.91%
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	711.12	719.04	1.11%
B2Gold Corporation	B2G	64.57	66.62	3.17%
Oceana Group Limited	OCG	59.01	58.50	-0.86%
Mediclinic International Plc	MEP	67.32	68.05	1.08%
Truworths	TRW	56.14	57.05	1.62%
Nedbank Group Limited	NBK	229.53	227.69	-0.80%
Standard Bank Group	SNB	173.00	172.85	-0.09%
Shoprite Holdings	SRH	231.59	233.92	1.01%
FirstRand Limited	FST	71.71	71.76	0.07%
Momentum Metropolitan Holdings	MMT	17.20	17.15	-0.29%
Old Mutual Ltd	OMM	13.60	13.39	-1.54%
Sanlam Limited	SLA	68.19	67.68	-0.75%
Santam Limited	SNM	297.10	292.22	-1.64%
Vukile Property Fund Limited	VKN	12.80	13.25	3.52%
Investec Limited	IVD	89.57	89.22	-0.39%
PSG Konsult Limited	KFS	12.45	12.99	4.34%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.73	271.00	-0.63%
New Gold Palladium ETF	NGNPLD	365.15	363.51	-0.45%
New Gold Platinum ETF N	NGNPLT	149.10	149.93	0.56%
New Funds S&P NAM Bond	NFNAMA	16.44	16.35	-0.55%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.96
EUR/ZAR	16.43
GBP/ZAR	19.65
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	120.39
Commodities
Gold	1,937.00
Silver	25.51
Platinum	1,046.70
Palladium	2,577.77
WTI	112.81
Brent	118.84

Table 5: Exchange Rates and Commodities 

Local News

Debmarine Namibia had the perfect birthday gift for Namibia on the eve of the country’s 32^nd Independence anniversary- a gigantic diamond recovery vessel which is expected to further cement the country’s postion as a trendsetter in the global marine diamond recovery. (Namibian Sun)

Once the commercial viability of Namibia’s first-ever noteworthy oil discoveries off the coast by Shell and TotalEnergies have been verified, these hydrocarbon detections have the potential to benefit the country’s economy by billions of dollars in revenue. (New Era Newspaper)

Komsberg grape farm on the south-eastern corner of the Orange river in the Ariamsvlei area is being sued N$1,5 million in damages by Kleophas Paulus for wrongful, intentional and unlawful assault. (The Namibian)

Sub-Sahara News

Comair has shifted maintenance of its aircraft away from Lufthansa Technik Maintenance International (LTMI) to South African Airways Technical (SAAT), the owner of kulula.com and South Africa operator of British Airways announced on Monday. (News24)

Pan-African investment & SMME focus group, Platform Capital, is expanding into South Africa with a new platform to assist small businesses. (CNBC Africa)

Rwanda has dedicated 134 hectares to cannabis production, The New Times has learned. (All Africa News)

International News

With Russia’s invasion of Ukraine dominating discussions around the world, the Biden administration has been promoting global unity against what it calls Russian President Vladimir Putin’s “war of choice”. (Aljazeera News)

Asian stocks fell on Tuesday as investors assessed the impacts of the latest Covid-19 resurgence in China. (RTT News)

Rescuers in China scoured heavily forested slopes on Tuesday with hopes fading of finding any survivors from the 132 people aboard a China Eastern Airlines (600115.SS) jet that crashed a day earlier in the mountains of southern Guangxi. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	963,694	37,756,888	100.00%
ETFs	-	-	0.00%
Total	963,694	37,756,888	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$  37,756,888 worth of shares was traded on the NSX on Thursday with about N$ 3,162,702 worth of Anglo-American, N$ 215,217 worth of Sanlam Limited and N$  65,110 Oryx Properties Limited on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased at closing as the company followed the overall bearish market condition on the JSE and NSX.
• Shares belonging to Sanlam Limited were allotted by market participants yesterday, increasing in share price
• On the NSX local listing, Oryx Properties Limited shares were allotted by market participants, without a change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.99	46.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	14.00	13.99	-0.07%
First Rand Namibia	FNB	29.51	29.52	0.03%
Standard Bank Namibia	SNO	5.38	5.37	-0.19%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	12.99	-0.08%
Mobile Telecommunication Company	MOC	7.85	7.86	0.13%
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	701.51	711.12	1.37%
B2Gold Corporation	B2G	65.20	64.57	-0.97%
Oceana Group Limited	OCG	58.99	59.01	0.03%
Mediclinic International Plc	MEP	68.45	67.32	-1.65%
Truworths	TRW	56.38	56.14	-0.43%
Nedbank Group Limited	NBK	230.00	229.53	-0.20%
Standard Bank Group	SNB	169.55	173.00	2.03%
Shoprite Holdings	SRH	229.95	231.59	0.71%
FirstRand Limited	FST	73.73	71.71	-2.74%
Momentum Metropolitan Holdings	MMT	16.84	17.20	2.14%
Old Mutual Ltd	OMM	13.72	13.60	-0.87%
Sanlam Limited	SLA	68.19	68.19	0.00%
Santam Limited	SNM	290.00	297.10	2.45%
Vukile Property Fund Limited	VKN	12.90	12.80	-0.78%
Investec Limited	IVD	90.00	89.57	-0.48%
PSG Konsult Limited	KFS	12.00	12.45	3.75%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	268.28	272.73	1.66%
New Gold Palladium ETF	NGNPLD	356.67	365.15	2.38%
New Gold Platinum ETF N	NGNPLT	145.92	149.10	2.18%
New Funds S&P NAM Bond	NFNAMA	16.35	16.44	0.55%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.92
EUR/ZAR	16.55
GBP/ZAR	19.65
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.71
USD/JPY	118.83
Commodities
Gold	1,934.00
Silver	25.42
Platinum	1,030.05
Palladium	2,605.00
WTI	106.04
Brent	109.41

Table 5: Exchange Rates and Commodities 

Local News

Cracks are widening within Namibia’s business community, as the cake continues to become smaller due in part to current economic conditions. (Namibian Sun)

Consumers in the Khomas region are expected to tighten their belts even further as inflation in the region is on an upward trajectory. The zonal inflation rates for February 2022 revealed that the Khomas region recorded the highest annual inflation rate of 5.3%. (New Era Newspaper)

Namibia commercial banks, at the end of last year, had a stock balance of N$179 million worth of repossessed items – an 87% increase from N$95 million at the end of 2020. (The Namibian)

Sub-Sahara News

Transnet lost 8.5 million litres of fuel valued at R102 million in the 2019/20 financial year alone. (News24)

The World Bank has approved $750 million lending to Kenya for budgetary support, pegged on reforms in public procurement to curb graft, the multilateral lender said on Thursday. (CNBC Africa)

On Wednesday, 16 March 2022, the Public Protector learnt from news sources that the Speaker of the National Assembly wrote to the President, informing him of the Assembly's decision to kickstart the impeachment process against her. (All Africa News)

International News

United States President Joe Biden and his Chinese counterpart, Xi Jinping, are due to hold their first direct talks since November, amid growing US concern over Beijing’s relationship with Russia and its stance on the increasingly brutal war in Ukraine. (Aljazeera News)

Asian stocks tumbled on Friday as surging U.S. inflation drove bond yields higher and raised expectations that interest rate hikes will be steeper. (RTT News)

Monitors displaying the stock index prices and Japanese yen exchange rate against the U.S. dollar are seen after the New Year ceremony marking the opening of trading in 2022 at the Tokyo Stock Exchange (TSE), amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 4, 2022. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	295,182	25,056,338	100.00%
ETFs	-	-	0.00%
Total	295,182	25,056,338	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 25,056,338 worth of shares was traded on the NSX on Wednesday with about N$ 2,601,150  worth of Anglo-American, N$   854,565 worth of Sanlam Limited and N$   127,000 Oryx Properties Limited  on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased at closing as the company followed the overall bearish market condition on the JSE and NSX.
• Shares belonging to Sanlam Limited were allotted by market participants yesterday, resulting in an increase in share price
• On the NSX local listing, Oryx Properties Limited shares were allotted by market participants, without a change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.99	46.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.38	5.38	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.90	7.90	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	717.37	701.51	-2.21%
B2Gold Corporation	B2G	64.91	65.20	0.45%
Oceana Group Limited	OCG	57.14	58.99	3.24%
Mediclinic International Plc	MEP	67.00	68.45	2.16%
Truworths	TRW	54.25	56.38	3.93%
Nedbank Group Limited	NBK	219.17	230.00	4.94%
Standard Bank Group	SNB	161.95	169.55	4.69%
Shoprite Holdings	SRH	228.42	229.95	0.67%
FirstRand Limited	FST	71.93	73.73	2.50%
Momentum Metropolitan Holdings	MMT	17.15	16.84	-1.81%
Old Mutual Ltd	OMM	13.06	13.72	5.05%
Sanlam Limited	SLA	64.55	68.19	5.64%
Santam Limited	SNM	287.17	290.00	0.99%
Vukile Property Fund Limited	VKN	12.40	12.90	4.03%
Investec Limited	IVD	87.69	90.00	2.63%
PSG Konsult Limited	KFS	11.75	12.00	2.13%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	269.86	268.28	-0.59%
New Gold Palladium ETF	NGNPLD	352.92	356.67	1.06%
New Gold Platinum ETF N	NGNPLT	146.68	145.92	-0.52%
New Funds S&P NAM Bond	NFNAMA	16.27	16.35	0.49%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.92
EUR/ZAR	16.46
GBP/ZAR	19.63
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.71
USD/JPY	118.77
Commodities
Gold	1,934.90
Silver	25.40
Platinum	1,021.25
Palladium	2,444.02
WTI	96.49
Brent	99.68

Table 5: Exchange Rates and Commodities 

Local News

Namibia Breweries Limited (NBL), is vurlnarible to barley prices as the Russian—kraine conflict is expected to drive up prices. (Namibian Sun)

Despite numerous complaints from customers, the country’s first mobile telecommunications service provider MTC has dismissed allegations that its level of service is dwindling. (New Era Newspaper)

Ohangwena  chief regional officer Fillipus Shilongo has warned the public to refrain from using the Ohangwena Regional Council's logo. (The Namibian)

Sub-Sahara News

Eskom expects running costs for its diesel-fed turbines, which are used to keep the lights on when coal-powered plants break down, to surge as it struggles to keep up with maintenance. (News24)

ermany-headquartered software company SAP SAPG.DE will repay South Africa’s water and sanitation department at least 263 million rand ($17.5 million) for license and support deals declared to be invalid, a court order showed. (CNBC Africa)

The Competition Commission has referred Meta to a tribunal over alleged abuse of its dominance in the social media industry. (All Africa News)

International News

The officials cautioned that the number is inexact, and compiled through analysis of news media, Ukrainian figures, Russian figures, satellite imagery and perusal of video images of Russian tanks and troops that come under fire. (Aljazeera News)

Asian stocks rallied on Thursday after oil prices tumbled by the most in nearly two years and Ukraine's president said one of Russia's negotiating demands could be me. (RTT News)

The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	216,930	10,987,871	91.64%
ETFs	6,774	1,002,552	8.36%
Total	223,704	11,990,423	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 10,987,871 worth of shares was traded on the NSX on Tuesday with about N$ 267,595 worth of Anglo-American, N$  640,873 worth of Sanlam Limited and N$  175,500  of Paratus Namibia Holdings Ltd on the home front. ETFs worth N$ 1,002,552 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased at closing as the company followed the overall bearish market condition on the JSE and NSX.
• Shares belonging to Sanlam Limited were allotted by market participants yesterday, resulting in an increase in share price
• On the NSX local listing, Paratus Namibia Holdings Ltd  shares were allotted by market participants, resulting in an increase in share price at closing
• New Gold Platinum ETF N  was traded in large volumes causing an decrease in closing price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.99	46.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.38	5.38	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.77	13.00	1.80%
Mobile Telecommunication Company	MOC	7.90	7.90	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	736.80	717.37	-2.64%
B2Gold Corporation	B2G	67.92	64.91	-4.43%
Oceana Group Limited	OCG	56.10	57.14	1.85%
Mediclinic International Plc	MEP	67.39	67.00	-0.58%
Truworths	TRW	56.10	54.25	-3.30%
Nedbank Group Limited	NBK	223.86	219.17	-2.10%
Standard Bank Group	SNB	161.00	161.95	0.59%
Shoprite Holdings	SRH	231.59	228.42	-1.37%
FirstRand Limited	FST	71.93	71.93	0.00%
Momentum Metropolitan Holdings	MMT	17.15	17.15	0.00%
Old Mutual Ltd	OMM	13.01	13.01	0.00%
Sanlam Limited	SLA	66.05	66.05	0.00%
Santam Limited	SNM	290.00	290.00	0.00%
Vukile Property Fund Limited	VKN	12.56	12.56	0.00%
Investec Limited	IVD	87.59	87.59	0.00%
PSG Konsult Limited	KFS	12.33	12.33	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	275.14	269.86	-1.92%
New Gold Palladium ETF	NGNPLD	350.67	352.92	0.64%
New Gold Platinum ETF N	NGNPLT	151.23	146.68	-3.01%
New Funds S&P NAM Bond	NFNAMA	16.22	16.27	0.31%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.07
EUR/ZAR	16.53
GBP/ZAR	19.67
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.71
USD/JPY	118.24
Commodities
Gold	1,919.50
Silver	25.03
Platinum	998.00
Palladium	2,444.77
WTI	97.10
Brent	101.09

Table 5: Exchange Rates and Commodities 

Local News

Namibian consumers in general, especially those that experienced salary cuts or were retrenched due to the Covid-29 pandemic, are likely to be feeling pressure in their pockets as prices of goods and services continue to escalate. (Namibian Sun)

President Hage Geingob has urged Commonwealth nations to work together, embrace multilateralism, and promote dialogue as a method of preserving world peace and security. (New Era Newspaper)

The government has blocked a proposal of the National Petroleum Corporation of Namibia (Namcor) to procure bulk fuel for storage at the Walvis Bay storage facility worth N$10 billion. (The Namibian)

Sub-Sahara News

Communications Minister Khumbudzo Ntshavheni has rejected claims from a group of some 60 organisations claiming that 14 million households would be cut off from free-to-air TV services once government switches off the analogue signal. (News24)

Investors are more concerned about the outlook for global growth than at any time since the financial crisis in 2008, and they have ramped up their cash holdings to a two-year high, according to a monthly fund manager survey by BofA. (CNBC Africa)

Cameroon's government says it will rebuild hospitals and clinics destroyed by Boko Haram terrorists along the border with Nigeria. (All Africa News)

International News

In recent days, several top officials in the United States have discouraged China from backing Russia in its war in Ukraine, amid reports that Moscow has requested military assistance from Beijing. (Aljazeera News)

Asian stocks ended mixed on Wednesday after U.S. President Joe Biden announced a ban on Russian oil and gas imports. (RTT News)

The economic cost of Russia's assault on Ukraine was fully exposed on Wednesday as Vladimir Putin's sanctions-ravaged government teetered on the brink of its first international debt default since the Bolshevik revolution. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	263,504	23,743,187	95.93%
ETFs	62,344	1,007,167	4.07%
Total	325,848	24,750,354	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 23,743,187 worth of shares was traded on the NSX on Monday, with about N$ 5,688,189 worth of Anglo-American, N$ 25,056 worth of Investec Limited and N$ 39,250 of Mobile Telecommunications on the home front. ETFs worth N$ 1,007,167 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased  at closing as the company followed the overall bearish  market condition on the JSE and NSX.
• Shares belonging to Investec Limited were allotted by market participants yesterday, resulting in an increase in share price
• On the NSX local listing, Mobile Telecommunications shares were allotted by market participants, resulting in an increase in share price at closing
• NewFunds S&P Namibia Bond ETF (NFNAM 10 Bonds NM) was traded in large volumes causing an increase in closing price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.98	46.99	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	14.00	14.00	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.38	5.38	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	7.90	7.90	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	766.15	736.80	-3.83%
B2Gold Corporation	B2G	68.92	67.92	-1.45%
Oceana Group Limited	OCG	55.64	56.10	0.83%
Mediclinic International Plc	MEP	66.92	67.39	0.70%
Truworths	TRW	55.35	56.10	1.36%
Nedbank Group Limited	NBK	222.19	223.86	0.75%
Standard Bank Group	SNB	160.33	161.00	0.42%
Shoprite Holdings	SRH	234.23	231.59	-1.13%
FirstRand Limited	FST	70.18	71.93	2.49%
Momentum Metropolitan Holdings	MMT	17.48	17.15	-1.89%
Old Mutual Ltd	OMM	13.12	13.01	-0.84%
Sanlam Limited	SLA	65.91	66.05	0.21%
Santam Limited	SNM	292.00	290.00	-0.68%
Vukile Property Fund Limited	VKN	12.27	12.56	2.36%
Investec Limited	IVD	88.55	87.59	-1.08%
PSG Konsult Limited	KFS	12.11	12.33	1.82%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	282.67	275.14	-2.66%
New Gold Palladium ETF	NGNPLD	436.08	350.67	-19.59%
New Gold Platinum ETF N	NGNPLT	157.17	151.23	-3.78%
New Funds S&P NAM Bond	NFNAMA	16.08	16.22	0.87%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.11
EUR/ZAR	16.59
GBP/ZAR	19.71
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.71
USD/JPY	118.34
Commodities
Gold	1,933.55
Silver	24.98
Platinum	1,032.35
Palladium	2,400.02
WTI	98.21
Brent	101.92

Table 5: Exchange Rates and Commodities 

Local News

Paratus Namibia will be launching its carrier-neutral Data Centre (DC) facility in Windhoek, Namibia. (Namibian Sun)

The Black Business Leadership Network of Namibia (BBLNN), led by its president Irene Simeon-Kurtz, last week made courtesy calls to the GIPF and the Namibia Chamber of Commerce and Industry. (New Era Newspaper)

MORE than 60 employees at the Oshakati Eloolo Abattoir claim they didn't receive their January and February 2022 salaries. (The Namibian)

Sub-Sahara News

The Electoral Reform Bill is under discussion in Parliament. It is intended to improve the quality of democracy, but could have the opposite effect - and big parties, most particularly the ANC. (News24)

South Africa’s ruling party is being forced to confront a problem that has bedevilled the country since apartheid ended 28 years ago: how to reduce record gross inequality and poverty that hurts the Black majority more than the white minority. (CNBC Africa)

U.S. Secretary of State Antony J. Blinken and African Union Commission Chairperson Moussa Faki Mahamat convened the U.S.-AU Commission High-Level Dialogue to discuss a strengthened partnership to tackle shared challenges. (All Africa News)

International News

An Australian court has overturned a groundbreaking ruling that required the country’s environment minister to consider the potential harm to children from climate change when approving new fossil fuel projects. (Aljazeera News)

Asian stocks fell broadly on Tuesday amid worries about inflation and a mounting risk of a global economic slowdown - often called stagflation (RTT News)

Wild swings in asset prices following Russia's invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	149,125	7,781,393	94.86%
ETFs	1,517	421,301	5.14%
Total	150,642	8,202,694	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 7,781,393 worth of shares was traded on the NSX on Friday, with about N$ 168,674 worth of Anglo-American, N$ 1,413,866 worth of Investec Limited and N$  98,000 of Capricorn Group Limited on the home front. ETFs worth N$ 421,301 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased at closing as company buyback program was resumed
• Shares belonging to Investec Limited were dumped by market participants on Friday
• On the NSX local listing, Capricorn Group Limited  shares were allotted by market participants, resulting in an increase in share price at closing
• ETF New Gold Issuer Ltd NM was traded in large volumes without any change in asking price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.98	46.98	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.20	14.00	6.06%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.38	5.38	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.08	7.90	-2.23%
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	755.00	766.15	1.48%
B2Gold Corporation	B2G	68.45	68.92	0.69%
Oceana Group Limited	OCG	55.64	55.64	0.00%
Mediclinic International Plc	MEP	66.97	66.92	-0.07%
Truworths	TRW	55.35	55.35	0.00%
Nedbank Group Limited	NBK	216.64	222.19	2.56%
Standard Bank Group	SNB	159.28	160.33	0.66%
Shoprite Holdings	SRH	234.50	234.23	-0.12%
FirstRand Limited	FST	67.49	70.18	3.99%
Momentum Metropolitan Holdings	MMT	17.43	17.48	0.29%
Old Mutual Ltd	OMM	12.65	13.12	3.72%
Sanlam Limited	SLA	62.92	65.91	4.75%
Santam Limited	SNM	293.00	292.00	-0.34%
Vukile Property Fund Limited	VKN	12.48	12.27	-1.68%
Investec Limited	IVD	86.61	88.55	2.24%
PSG Konsult Limited	KFS	11.90	12.11	1.76%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	282.67	282.67	0.00%
New Gold Palladium ETF	NGNPLD	436.08	436.08	0.00%
New Gold Platinum ETF N	NGNPLT	157.17	157.17	0.00%
New Funds S&P NAM Bond	NFNAMA	16.08	16.08	0.00%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.08
EUR/ZAR	16.46
GBP/ZAR	19.63
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	117.80
Commodities
Gold	1,977.70
Silver	25.89
Platinum	1,071.90
Palladium	2,693.27
WTI	106.46
Brent	109.91

Table 5: Exchange Rates and Commodities 

Local News

The government has indicated that it intends to impose a withholding tax on dividends earned by residents from local investments, the so-called residents’ dividend withholding tax. (Namibian Sun)

The National Oil Storage Facility at Walvis Bay, which has been marred by controversy due to an exorbitant escalation of funding requirements, is crucial for the security of petroleum products supply for Namibia. (New Era Newspaper)

Ongwediva MediPark hospital managing director Tshali Iithele has been axed from his position, the chairperson of the hospital's board of directors, Riël du Toit, said this week. (The Namibian)

Sub-Sahara News

The impact of the Russian invasion of Ukraine on the vegetable oil market in SA will be visible within the next few months. (News24)

South Africa’s Standard Bank SBKJ.J is trying to convince the Industrial and Commercial Bank of China (ICBC) 601398.SS to buy its 40% stake in their London-based joint venture, CEO Sim Tshabalala said on Friday. (CNBC Africa)

As the federal government continue its borrowing spree and debt servicing constituting a major threat to Nigeria's economy, it has emerged that the Central Bank of Nigeria (CBN) spent $13.1billion in 11 years to settle Nigeria's foreign debt obligations. (All Africa News)

International News

Russia has said it is banking on China’s help to withstand the crippling economic sanctions placed by Western nations over the war in Ukraine as the United States warned Beijing not to provide that lifeline. (Aljazeera News)

Asian stocks plunged on Monday as Brent crude hit an intraday high of $139 a barrel, the highest since 2008 (RTT News)

Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and the UK this week. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	100,832	6,482,258	100.00%
ETFs	-	-	0.00%
Total	100,832	6,482,258	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 6,482,258 worth of shares was traded on the NSX on Thursday, with about N$ 762,166 worth of Anglo-American, N$ 31,997 worth of Shoprite Holdings, and N$ 188,032 of Capricorn Group Limited  on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American decreased in share price at closing as company buyback program was halted
• Shares belonging to Shoprite Holdings were purchased off by market participants
• On the NSX local listing, Capricorn Group Limited  shares were allotted by market participants, resulting in an increase in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	47.99	46.98	-2.10%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.15	13.20	0.38%
First Rand Namibia	FNB	29.50	29.51	0.03%
Standard Bank Namibia	SNO	5.39	5.38	-0.19%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.77	12.77	0.00%
Mobile Telecommunication Company	MOC	8.10	8.10	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	779.00	755.00	-3.08%
B2Gold Corporation	B2G	68.45	68.45	0.00%
Oceana Group Limited	OCG	52.30	55.64	6.39%
Mediclinic International Plc	MEP	66.36	66.97	0.92%
Truworths	TRW	55.35	55.35	0.00%
Nedbank Group Limited	NBK	215.89	216.64	0.35%
Standard Bank Group	SNB	156.88	159.28	1.53%
Shoprite Holdings	SRH	233.04	234.50	0.63%
FirstRand Limited	FST	64.94	67.49	3.93%
Momentum Metropolitan Holdings	MMT	17.08	17.43	2.05%
Old Mutual Ltd	OMM	12.42	12.65	1.85%
Sanlam Limited	SLA	60.76	62.92	3.55%
Santam Limited	SNM	296.04	293.00	-1.03%
Vukile Property Fund Limited	VKN	12.06	12.48	3.48%
Investec Limited	IVD	84.55	86.61	2.44%
PSG Konsult Limited	KFS	12.20	12.20	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	279.14	282.67	1.26%
New Gold Palladium ETF	NGNPLD	441.38	436.08	-1.20%
New Gold Platinum ETF N	NGNPLT	157.17	157.17	0.00%
New Funds S&P NAM Bond	NFNAMA	16.08	16.08	0.00%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.05
EUR/ZAR	16.57
GBP/ZAR	19.70
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	116.66
Commodities
Gold	1,991.05
Silver	26.08
Platinum	1,078.50
Palladium	2,932.77
WTI	106.54
Brent	109.78

Table 5: Exchange Rates and Commodities 

Local News

The South West Africa National Union (Swanu) introduced a motion in Parliament this week asking that the retirement age of academics be reviewed. (Namibian Sun)

During a consultative meeting with the leadership of Rally for Democracy and Progress (RDP) at State House on Tuesday, Geingob stressed politicians should work together in developmental projects that uplift the local populace. (New Era Newspaper)

FORMER Small and Medium Enterprises Bank board chairperson Andrew Ndishishi has failed with an attempt to get out of a lawsuit in which he and other directors of the failed bank are being sued by the bank's liquidators. (The Namibian)

Sub-Sahara News

A South African energy group has said Parliament was "misled" after it voted to quash a probe into the country's much-delayed emergency energy plan. (News24)

President Cyril Ramaphosa said on Thursday South Africa had been asked to mediate in the Russia-Ukraine conflict, and that he had told his Russian counterpart Vladimir Putin in a phone call it should be settled through negotiations. (CNBC Africa)

African economies, already battling to recover from a Covid-induced recession, face major obstacles as they manage “spillover” effects from the war in Ukraine, IMF Managing Director Kristalina Georgieva told a media roundtable with global reporters on Thursday (March 10, 2022). (All Africa News)

International News

Russian President Vladimir Putin has said sanctions imposed against Russia would rebound against the West, including in the form of higher food and energy prices, and Moscow would solve its problems and emerge stronger. (Aljazeera News)

European stocks fell sharply on Friday and were on course for their third consecutive week of declines after Russia took control of Europe's biggest nuclear power plant. (RTT News)

he United States, together with the Group of Seven nations and the European Union, will move on Friday to revoke Russia's "most favoured nation" status over its invasion of Ukraine, multiple people familiar with the situation told Reuters. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	120,743	18,874,757	100.00%
ETFs	-	-	0.00%
Total	120,743	18,874,757	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 18,874,757 worth of shares was traded on the NSX on Wednesday, with about N$ 10,972,378 worth of Anglo-American, N$  3,624,328 worth of Shoprite Holdings, and N$ 68,604 of Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American decreased in share price at closing as company buyback program was halted
• Shares belonging to Shoprite Holdings were purchased off by market participants
• On the NSX local listing, Mobile Telecommunications Limited shares were sold in large volume resulting in an decrease  in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	47.99	47.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.15	13.15	0.00%
First Rand Namibia	FNB	29.51	29.50	-0.03%
Standard Bank Namibia	SNO	5.39	5.39	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.78	12.77	-0.08%
Mobile Telecommunication Company	MOC	8.24	8.10	-1.70%
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	765.00	779.00	1.83%
B2Gold Corporation	B2G	68.08	68.45	0.54%
Oceana Group Limited	OCG	49.30	52.30	6.09%
Mediclinic International Plc	MEP	65.11	66.36	1.92%
Truworths	TRW	55.88	55.35	-0.95%
Nedbank Group Limited	NBK	208.22	215.89	3.68%
Standard Bank Group	SNB	153.47	156.88	2.22%
Shoprite Holdings	SRH	228.33	233.04	2.06%
FirstRand Limited	FST	63.30	64.94	2.59%
Momentum Metropolitan Holdings	MMT	16.87	17.08	1.24%
Old Mutual Ltd	OMM	12.28	12.42	1.14%
Sanlam Limited	SLA	59.94	60.76	1.37%
Santam Limited	SNM	291.81	296.04	1.45%
Vukile Property Fund Limited	VKN	11.98	12.06	0.67%
Investec Limited	IVD	78.89	84.55	7.17%
PSG Konsult Limited	KFS	11.75	12.20	3.83%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	291.80	279.14	-4.34%
New Gold Palladium ETF	NGNPLD	456.71	441.38	-3.36%
New Gold Platinum ETF N	NGNPLT	173.47	157.17	-9.40%
New Funds S&P NAM Bond	NFNAMA	15.91	16.08	1.07%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.05
EUR/ZAR	16.64
GBP/ZAR	19.82
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	116.13
Commodities
Gold	1,987.00
Silver	25.85
Platinum	1,094.65
Palladium	2,930.27
WTI	109.86
Brent	113.48

Table 5: Exchange Rates and Commodities 

Local News

Erongo regional sports officer Berthold Karumendu is pleading with the business community to assist long-distance runner David Dam in his quest to compete at events outside Namibia. (Namibian Sun)

The Development Bank of Namibia (DBN) has issued a new bond, DBN29, with a face value of N$130 million. The seven-year bond was issued via private placement on 4 March 2022 and matures on 5 March 2029. (New Era Newspaper)

The Namibia Competition Commission (NCC) is investigating the sale of Bank of Namibia governor Johannes !Gawaxab's interests in Eos Capital Namibia, an investment firm with a portfolio of close to N$1 billion. (The Namibian)

Sub-Sahara News

Eskom is heading for a "financial bloody nose" as its plants continue to fail at a time when global prices for diesel, fuel oil, and coal are rocketing due to the invasion of Ukraine. (News24)

Momentum Metropolitan Holdings saw an increase in headline earnings per share by 64 per cent as well as improvements in new business value and volumes (CNBC Africa)

The information landscape in Africa - as elsewhere in the world - has expanded exponentially over the last decade. The proliferation of platform media, including Facebook, Twitter and YouTube, has been instrumental in this expansion. This has created important new debating spaces. (All Africa News)

International News

Yoon Suk Yeol, a conservative former top prosecutor, has been elected South Korea’s new president, defeating his chief liberal rival in one of the country’s most closely fought presidential elections. (Aljazeera News)

European stocks edged lower on Thursday amid worries about commodity-led inflationary pressures, as Russia faced a severed global backlash over its full-scale attack on Ukraine. (RTT News)

Russia's war in Ukraine entered the third week on Thursday with none of its key objectives reached despite thousands of people killed, more than two million made refugees, and thousands forced to cower in besieged cities under relentless bombardment. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	333,479	31,491,844	99.81%
ETFs	3,800	60,629	0.19%
Total	337,279	31,552,473	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 31,491,844 worth of shares was traded on the NSX on Tuesday, with about N$ 11,176,249 worth of Anglo-American, N$ 1,369,361 worth of Shoprite Holdings, and N$ 9,814 of Mobile Telecommunications Limited on the home front. ETFs worth N$ 60,629 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American decreased in share price at closing as company buyback program is halted
• Shares belonging to Shoprite Holdings were sold off by market participants
• On the NSX local listing, Mobile Telecommunications Limited shares were bought in large volume resulting in an increase in share price at closing
• NewFunds S&P Namibia Bond ETF (NFNAM 10 Bonds NM) ETF was discharged by investors for profit gain

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	47.99	47.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.15	13.15	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.39	5.39	0.00%
Oryx Limited	ORY	10.00	10.00	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.78	12.78	0.00%
Mobile Telecommunication Company	MOC	8.23	8.24	0.12%
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	779.00	779.00	0.00%
Barloworld Limited	BWL	68.08	68.08	0.00%
Oceana Group Limited	OCG	53.58	47.99	-10.43%
Mediclinic International Plc	MEP	64.87	65.11	0.37%
Truworths	TRW	56.48	55.88	-1.06%
Nedbank Group Limited	NBK	205.96	208.22	1.10%
Standard Bank Group	SNB	154.43	153.47	-0.62%
Shoprite Holdings	SRH	226.42	228.33	0.84%
FirstRand Limited	FST	64.72	63.30	-2.19%
Momentum Metropolitan Holdings	MMT	17.00	16.87	-0.76%
Old Mutual Ltd	OMM	12.22	12.28	0.49%
Sanlam Limited	SLA	60.54	59.94	-0.99%
Santam Limited	SNM	292.32	291.81	-0.17%
Vukile Property Fund Limited	VKN	12.29	11.98	-2.52%
Investec Limited	IVD	80.55	78.89	-2.06%
PSG Konsult Limited	KFS	12.20	11.75	-3.69%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	283.89	291.80	2.79%
New Gold Palladium ETF	NGNPLD	431.05	456.71	5.95%
New Gold Platinum ETF N	NGNPLT	167.02	173.47	3.86%
New Funds S&P NAM Bond	NFNAMA	16.09	15.91	-1.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.25
EUR/ZAR	16.67
GBP/ZAR	20.02
EUR/GBP	0.83
EUR/USD	1.09
GBP/USD	1.36
AUD/USD	0.72
USD/JPY	115.77
Commodities
Gold	2,064.60
Silver	27.32
Platinum	1,187.70
Palladium	3,191.02
WTI	125.64
Brent	130.45

Table 5: Exchange Rates and Commodities 

Local News

Chief Vipuira Kapuuo of the Ovaherero Traditional Authority (OTA) has written to President Hage Geingob about alleged irregularities regarding Mutjinde Katjiua’s appointment. (Namibian Sun)

Revised figures indicate the government generated N$575 million in revenue from the governmental objective quota auctioned last year. (New Era Newspaper)

The liquidator of the Prowealth group of companies and investors who lost millions of Namibia dollars when the group collapsed in 2009, have tasted defeat in a lawsuit in which they sued the Namibia Financial Institutions Supervisory Authority (Namfisa) for nearly N$60 million. (The Namibian)

Sub-Sahara News

Eskom has announced that Stage 4 load shedding will be implemented from 09:00 on Wednesday morning until 05:00 on Friday. (News24)

MTN Uganda Limited has posted a 5.8 per cent rise in profit after tax to $95.3 million, according to the company's audited results for the financial year ended 31st December 2021. (CNBC Africa)

As of March 8, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,273,204 while over 253,338,999 vaccinations have been administered across the continent. (All Africa News)

International News

As Russia faces unprecedented sanctions following its invasion of Ukraine, an equally extraordinary number of corporations are pulling out of the country – often going above and beyond what is required by law. (Aljazeera News)

European stocks are seen opening mixed on Wednesday as traders slash bets on interest-rate hikes from global central banks. (RTT News)

Crude oil prices jumped again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	492,926	24,731,560	100.00%
ETFs	-	-	0.00%
Total	492,926	24,731,560	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 24,731,560 worth of shares was traded on the NSX on Monday, with about N$ 1,842,629  worth of Anglo-American, N$   376,360 worth of Shoprite Holdings, and  N$ 5,015,449 of Capricorn Group on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American decreased in share price at closing as company buyback program is halted
• Shares belonging to Shoprite Holdings were sold off by market participants
• On the NSX local listing, Capricorn Group shares were bought in large volume resulting an increase in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	47.99	-0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.09	13.15	0.46%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.40	5.39	-0.19%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	2.95	2.50	-15.25%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.77	12.78	0.08%
Mobile Telecommunication Company	MOC	8.24	8.23	-0.12%
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	789.20	779.00	-1.29%
Barloworld Limited	BWL	105.28	105.28	0.00%
Oceana Group Limited	OCG	55.07	53.58	-2.71%
Mediclinic International Plc	MEP	65.49	64.87	-0.95%
Truworths	TRW	60.40	56.48	-6.49%
Nedbank Group Limited	NBK	217.43	205.96	-5.28%
Standard Bank Group	SNB	162.44	154.43	-4.93%
Shoprite Holdings	SRH	232.00	226.42	-2.41%
FirstRand Limited	FST	68.03	64.72	-4.87%
Momentum Metropolitan Holdings	MMT	17.89	17.00	-4.97%
Old Mutual Ltd	OMM	12.35	12.22	-1.05%
Sanlam Limited	SLA	63.19	60.54	-4.19%
Santam Limited	SNM	293.88	292.32	-0.53%
Vukile Property Fund Limited	VKN	12.70	12.29	-3.23%
Investec Limited	IVD	81.09	80.55	-0.67%
PSG Konsult Limited	KFS	12.80	12.20	-4.69%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	281.80	283.89	0.74%
New Gold Palladium ETF	NGNPLD	441.26	431.05	-2.31%
New Gold Platinum ETF N	NGNPLT	165.06	167.02	1.19%
New Funds S&P NAM Bond	NFNAMA	16.31	16.09	-1.35%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.38
EUR/ZAR	16.70
GBP/ZAR	20.34
EUR/GBP	0.82
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.74
USD/JPY	115.44
Commodities
Gold	2,011.45
Silver	26.29
Platinum	1,152.60
Palladium	3,124
WTI	122.66
Brent	127.25

Table 5: Exchange Rates and Commodities 

Local News

Overall annual inflation averaged at 3.6% at the end of 2021 compared to 2.4% recorded at the end of 2020. (Namibian Sun)

Despite having been interrupted by the Covid-19 pandemic, The Kasi Vibe Festival’s quest to promote local art was reignited this past weekend with an array of products and services after a two-year hiatus. (New Era Newspaper)

A project to service 307 erven at Kaisosi Extension 9 at Rundu is being rolled out with funding from the Tunga Real Estate Fund. (The Namibian)

Sub-Sahara News

Oil pushed higher as the U.S. moved a step closer to imposing a ban on Russian crude imports following its invasion of Ukraine. (News24)

Oil prices continued to surge in Monday morning trade as the market reacted to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas. (CNBC Africa)

Despite Russia's growing engagement across Africa, the UN vote shows there is lower tolerance now from that continent for such an aggressive invasion of Ukraine. (All Africa News)

International News

A top Russian official has warned that a Western ban on Russian oil imports could result in oil prices more than doubling to about $300 per barrel and prompt the closure of the main gas pipeline from Russia to Germany. (Aljazeera News)

Asian stocks advanced on Tuesday as investors gained some optimism from talks aimed at ending the Russian military assault on Ukraine. (RTT News)

Oil prices see-sawed on Tuesday with Brent crude futures trading at $125 per barrel, around 10% below a 14-year high struck in the last session, reflecting relief that European allies were not planning to join a possible U.S. ban on Russian oil imports. (Reuters)