Category: Equity Market Research

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

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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	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)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	3,292,552	159,390,908	99.72%
ETFs	1,600	448,000	0.28%
Total	3,294,152	159,838,908	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 159,390,908 worth of shares was traded on the NSX on Friday,  with about N$  1,729,820 worth of Anglo-American, N$  26,540,549 worth of Shoprite Holdings, and no trades occurred  on the home front. ETFs worth N$ 448,000 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 programme is halted
• Shares belonging to Shoprite Holdings were sold off by market participants
• New Gold Issuer Ltd NM ETF were bought in large volumes as hedging of risk from geopolitical conflicts in Europe

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.87	12.87	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.40	5.40	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	2.50	2.95	18.00%
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	8.25	8.25	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	829.52	789.20	-4.86%
Barloworld Limited	BWL	105.28	105.28	0.00%
Oceana Group Limited	OCG	54.60	55.07	0.86%
Mediclinic International Plc	MEP	66.50	65.49	-1.52%
Truworths	TRW	63.90	60.40	-5.48%
Nedbank Group Limited	NBK	226.31	217.43	-3.92%
Standard Bank Group	SNB	169.89	162.44	-4.39%
Shoprite Holdings	SRH	238.29	232.00	-2.64%
FirstRand Limited	FST	70.80	68.03	-3.91%
Momentum Metropolitan Holdings	MMT	18.54	17.89	-3.51%
Old Mutual Ltd	OMM	12.96	12.35	-4.71%
Sanlam Limited	SLA	66.49	63.19	-4.96%
Santam Limited	SNM	300.00	293.88	-2.04%
Vukile Property Fund Limited	VKN	13.10	12.70	-3.05%
Investec Limited	IVD	83.31	81.09	-2.66%
PSG Konsult Limited	KFS	12.35	12.80	3.64%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	278.46	274.18	-1.54%
New Gold Palladium ETF	NGNPLD	396.50	401.91	1.36%
New Gold Platinum ETF N	NGNPLT	158.57	158.23	-0.21%
New Funds S&P NAM Bond	NFNAMA	16.37	16.38	0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.39
EUR/ZAR	16.75
GBP/ZAR	20.34
EUR/GBP	0.82
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.74
USD/JPY	114.91
Commodities
Gold	1,988
Silver	26.00
Platinum	1,145.30
Palladium	3,135.52
WTI	126.11
Brent	130.10

Table 5: Exchange Rates and Commodities 

Local News

The agriculture ministry has received 40 tablets and 56 smartphones from the Food and Agriculture Organisation for monitoring locust swarms in farming areas. (Namibian Sun)

Windhoek is to celebrate yet another housing development in the city’s upmarket Avis area. The new development will be known as Avis Smart Village. (New Era Newspaper)

The Ovaherero Traditional Authority (OTA) on Saturday appointed professor Mutjinde Katjiua as its paramount chief. (The Namibian)

Sub-Sahara News

As key oil producer Russia intensifies its onslaught in Ukraine, the oil price briefly hit $139 per barrel – the highest level since 2008 - on Monday. (News24)

Santam pays record R24bn in claims as agriculture and business interruption was at the core of Santam's pay-out record for this financial period. (CNBC Africa)

The people of Iwhrekan, an oil and gas producing community in Ughelli South Local Government Area of Delta State, have threatened massive protest over what they termed long years of neglect by oil companies operating in the locality. (All Africa News)

International News

A second attempt to evacuate civilians from the besieged port city of Mariupol, in southern Ukraine, has collapsed as both Ukrainians and Russians blame each other for violating a previously agreed ceasefire. (Aljazeera News)

Asian stocks ended mostly higher on Monday as optimism over talks between Russia and Ukraine outweighed concerns over banning Russia from the SWIFT financial system. (RTT News)

Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express on Sunday cut ties with Russia as that country's conflict with Ukraine escalated. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	746,176	29,334,959	99.47%
ETFs	669	154,893	0.53%
Total	746,845	29,489,852	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 29,489,852 worth of shares was traded on the NSX on Thursday,  with about N$ 3,905,576 worth of Anglo-American plc, N$  5,873,897 worth of Shoprite Holdings, and N$182,500 Letshego Holdings (Namibia) on the home front. ETFs worth N$ 154,893were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased in price at closing
• Shares belonging to Shoprite Holdings were bought by market participants
• On the local NSX listing,  Letshego Holdings (Namibia) shares were traded with an radical change in share price as financial statement reports display good performance
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were bought in large volumes as hedging of risk from geopolitical conflicts in Europe

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.87	12.87	0.00%
First Rand Namibia	FNB	29.50	29.51	0.03%
Standard Bank Namibia	SNO	5.40	5.40	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.58	2.50	58.23%
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	8.25	8.25	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	807.59	829.52	2.72%
Barloworld Limited	BWL	108.62	105.28	-3.07%
Oceana Group Limited	OCG	53.83	54.60	1.43%
Mediclinic International Plc	MEP	68.18	66.50	-2.46%
Truworths	TRW	62.17	63.90	2.78%
Nedbank Group Limited	NBK	224.08	226.31	1.00%
Standard Bank Group	SNB	167.43	169.89	1.47%
Shoprite Holdings	SRH	234.68	238.29	1.54%
FirstRand Limited	FST	67.50	70.80	4.89%
Momentum Metropolitan Holdings	MMT	18.33	18.54	1.15%
Old Mutual Ltd	OMM	12.63	12.96	2.61%
Sanlam Limited	SLA	63.75	66.49	4.30%
Santam Limited	SNM	277.66	300.00	8.05%
Vukile Property Fund Limited	VKN	12.66	13.10	3.48%
Investec Limited	IVD	84.51	83.31	-1.42%
PSG Konsult Limited	KFS	12.90	12.35	-4.26%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	278.46	274.18	-1.54%
New Gold Palladium ETF	NGNPLD	396.50	401.91	1.36%
New Gold Platinum ETF N	NGNPLT	158.57	158.23	-0.21%
New Funds S&P NAM Bond	NFNAMA	16.37	16.38	0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.24
EUR/ZAR	16.81
GBP/ZAR	20.34
EUR/GBP	0.82
EUR/USD	1.10
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	115.45
Commodities
Gold	1 939
Silver	25.26
Platinum	1 087
Palladium	2 770.52
WTI	108.69
Brent	111.27

Table 5: Exchange Rates and Commodities 

Local News

Agribank through its agri advisory services, hosted a stakeholder meeting in Otjiwarongo to strengthen and establish relationships with key industry stakeholders recently. (Namibian Sun)

The Kapinga Kamwalye Conservancy in the Mashare constituency of Kavango East is facing a crisis of illegal tree harvesting. (New Era Newspaper)

The Ministry of Urban and Rural Development is one of the biggest losers in the national budget tabled last week – losing around N$243 million compared to last year's budget allocation. (The Namibian)

Sub-Sahara News

Exxaro Resources expects Russia's invasion of Ukraine will trigger a renewed Europe energy crisis, while presenting opportunities for the South African miner as European coal plants scramble to find high-quality coal. (News24)

South Africa’s biggest bank by market value FirstRand has upped its interim dividend; economic profit has rebounded strongly with a pre-provision operating profit growth 6 per cent. (CNBC Africa)

African countries have intensified efforts to evacuate their nationals from Ukraine. The African Union has urged governments to respect international law and assist all those fleeing from the war in Ukraine after African students raised concerns of discrimination at the border points. (All Africa News)

International News

Russia and Ukraine have agreed on the need for humanitarian corridors to deliver aid and help civilians exit besieged Ukrainian cities, in the first apparent sign of progress in talks between the warring sides. (Aljazeera News)

European bourses are expected to open on a restrained note on the last day of the week amidst the conflict and combat in Ukraine that continues unabated. (RTT News)

A fire that broke out in a training building near the largest nuclear power plant in Europe during intense fighting between Russian and Ukrainian forces has been extinguished, Ukraine's state emergency service said on Friday.  (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,697,101	127,977,776	99.94%
ETFs	338	78,635	0.06%
Total	1,697,439	128,056,411	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 127,977,776 worth of shares was traded on the NSX on Wednesday with about N$ 53,307,630 worth of Anglo-American plc, N$ 9,382,255 worth of Shoprite Holdings, and N$ 4,781,433 Mobile Telecommunications Ltd on the home front. ETFs worth N$ 78,635 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased in price at closing as investors
• Shares belonging to Shoprite Holdings were sold by market participants
• On the local NSX listing Mobile Telecommunications shares were traded without a change in share price
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were bought in large volumes as hedging of risk from geopolitical conflicts in Europe

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.87	12.87	0.00%
First Rand Namibia	FNB	29.50	29.51	0.03%
Standard Bank Namibia	SNO	5.40	5.40	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.58	1.58	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	8.25	8.25	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	815.00	807.59	-0.91%
Barloworld Limited	BWL	114.73	108.62	-5.33%
Oceana Group Limited	OCG	54.15	53.83	-0.59%
Mediclinic International Plc	MEP	68.95	68.18	-1.12%
Truworths	TRW	60.95	62.17	2.00%
Nedbank Group Limited	NBK	221.85	224.08	1.01%
Standard Bank Group	SNB	167.33	167.43	0.06%
Shoprite Holdings	SRH	230.87	234.68	1.65%
FirstRand Limited	FST	68.06	67.50	-0.82%
Momentum Metropolitan Holdings	MMT	18.59	18.33	-1.40%
Old Mutual Ltd	OMM	12.82	12.63	-1.48%
Sanlam Limited	SLA	64.12	63.75	-0.58%
Santam Limited	SNM	276.69	277.66	0.35%
Vukile Property Fund Limited	VKN	12.55	12.66	0.88%
Investec Limited	IVD	87.47	84.51	-3.38%
PSG Konsult Limited	KFS	13.00	12.90	-0.77%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	276.11	278.46	0.85%
New Gold Palladium ETF	NGNPLD	401.28	396.50	-1.19%
New Gold Platinum ETF N	NGNPLT	156.45	158.57	1.36%
New Funds S&P NAM Bond	NFNAMA	16.46	16.37	-0.55%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.32
EUR/ZAR	17.01
GBP/ZAR	20.55
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	115.66
Commodities
Gold	1 927.70
Silver	25.36
Platinum	1 078
Palladium	2 645.00
WTI	114.34
Brent	116.89

Table 5: Exchange Rates and Commodities 

Local News

Government is prepared to spend about N$ 224.4 million on travel and subsistence allowance (S&T) in the new budget year. (Namibian Sun)

The tourism sector has welcomed Qatar Airways’ decision to resume direct return flights from Doha to Windhoek by July this year. At the moment, the direct (non-stop) flights between Windhoek-Doha have been inactive. (New Era Newspaper)

A Splinter group of the Ovaherero Traditional Authority will approach the High Court to challenge the appointment of a chief designate. (The Namibian)

Sub-Sahara News

A group of current and former employees of Denel says its next step is to attach around R4.3 million held in an RMB corporate bank account after the state-owned arms manufacturer failed to comply with a court order to pay their unpaid salaries dating back to May 2020. (News24)

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. (CNBC Africa)

South Africa is scrambling to repair relations with the Kremlin after International Relations and Cooperation Minister Naledi Pandor issued an unusually strong statement calling on Russia to withdraw from Ukraine. (All Africa News)

International News

At least one million people have fled Ukraine in the week since Russia’s invasion, the United Nations said, with one official warning that “at this rate” the exodus could become “the biggest refugee crisis this century”. (Aljazeera News)

Asian markets nosedived on Thursday as Russia declared war against Ukraine, claiming the invasion is intended to protect civilians. (RTT News)

Top Japanese automakers including Toyota were forced to halt production in Russia as Western sanctions that followed its invasion of Ukraine scrambled logistics and cut supply chains, deepening the country's economic isolation. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	360,326	5,857,426	100.00%
ETFs	-	-	0.00%
Total	360,326	5,857,426	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 5,857,426 worth of shares was traded on the NSX on Tuesday with about N$  565,993 worth of Santam Limited, N$ 731,302 worth of Momentum Metropolitan, and N$ 3,296  Mobile Telecommunications Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Santam Limited share price increased in price at closing as investors
• Shares belonging to Momentum Metropolitan were sold by market participants
• On the local NSX listing Mobile Telecommunications shares were traded without a change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.87	12.87	0.00%
First Rand Namibia	FNB	29.49	29.50	0.03%
Standard Bank Namibia	SNO	5.96	5.40	-9.40%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.58	1.58	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	8.25	8.25	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	781.98	815.00	4.22%
Barloworld Limited	BWL	122.85	114.73	-6.61%
Oceana Group Limited	OCG	53.99	54.15	0.30%
Mediclinic International Plc	MEP	68.44	68.95	0.75%
Truworths	TRW	58.57	60.95	4.06%
Nedbank Group Limited	NBK	218.59	221.85	1.49%
Standard Bank Group	SNB	162.64	167.33	2.88%
Shoprite Holdings	SRH	229.00	230.87	0.82%
FirstRand Limited	FST	66.12	68.06	2.93%
Momentum Metropolitan Holdings	MMT	18.59	18.59	0.00%
Old Mutual Ltd	OMM	12.60	12.82	1.75%
Sanlam Limited	SLA	64.66	64.12	-0.84%
Santam Limited	SNM	274.00	276.69	0.98%
Vukile Property Fund Limited	VKN	12.55	12.55	0.00%
Investec Limited	IVD	86.45	87.47	1.18%
PSG Konsult Limited	KFS	13.74	13.00	-5.39%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.81	276.11	0.11%
New Gold Palladium ETF	NGNPLD	375.05	401.28	6.99%
New Gold Platinum ETF N	NGNPLT	157.37	156.45	-0.58%
New Funds S&P NAM Bond	NFNAMA	16.47	16.46	-0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.41
EUR/ZAR	17.13
GBP/ZAR	20.51
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.72
USD/JPY	115.08
Commodities
Gold	1 940.10
Silver	25.15
Platinum	1 054
Palladium	2 618.59
WTI	108.50
Brent	110.15

Table 5: Exchange Rates and Commodities 

Local News

The management committee of the City of Windhoek has taken a resolution to halt all disciplinary processes instituted against the municipality. (Namibian Sun)

Tomorrow, Namibian consumers will experience one of the largest-ever fuel increases in the country’s history when petrol will increase by N$1.20 and diesel will jump by N$1.30. (New Era Newspaper)

The Namibian Statistic Agency says the Population and Housing Census (PHC) will no longer take place in August this year as it was communicated earlier, due to financial constraints. (The Namibian)

Sub-Sahara News

The Johannesburg Stock Exchange (JSE) lost 25 listings in 2021. A year earlier, 20 companies left the exchange, and in 2019 there were 24 delistings. (News24)

PSG announced earlier today that it will be delisting from the Johannesbrg Stock Exchange - flagging the red tape limiting their operations that comes with it. (CNBC Africa)

The International Federation of Association Football (FIFA) has suspended Zimbabwe's and Kenya's memberships over government interference in the countries' football associations. FIFA President Giovanni Infantino announced the suspensions at a press conference broadcast February 24 on the football governing body's website. (All Africa News)

International News

United Nations agencies have launched an emergency appeal to respond to soaring humanitarian needs following Russia’s invasion of Ukraine. (Aljazeera News)

Asian stocks steadied on Wednesday as Russia faced mounting pressure and economic sanctions over the Ukraine crisis. (RTT News)

American big brands including Apple, Google, Ford and Harley-Davidson on Tuesday stopped sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,605,615	118,959,007	99.35%
ETFs	4,902	775,25	0.65%
Total	1,610,517	119,734,257	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 118,959,007 worth of shares was traded on the NSX on Monday with about N$  1,800,259 worth of Anglo-American, N$  55,353,063 worth of Barloworld Limited, and N$  717,234 Capricorn Group Limited on the home front. ETFs worth N$ 775, 25 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased in
• Shares belonging to Barloworld Limited were bought as talks about their disposal of assets sparks interest in investors for a hefty payday
• On the local NSX listing Capricorn Group Limited shares were traded due to the published Financial Statements resulting into a dramatic increase in share price at closing.
• New Gold Platinum ETF N was offloaded by market participants causing  a tremendous incline in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.87	13.09	1.71%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.96	5.96	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.58	1.58	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	8.25	8.25	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	742.35	781.98	5.34%
Barloworld Limited	BWL	126.20	122.85	-2.65%
Oceana Group Limited	OCG	53.86	53.99	0.24%
Mediclinic International Plc	MEP	68.27	68.44	0.25%
Truworths	TRW	59.50	58.57	-1.56%
Nedbank Group Limited	NBK	215.13	218.59	1.61%
Standard Bank Group	SNB	159.90	162.64	1.71%
Shoprite Holdings	SRH	228.68	229.00	0.14%
FirstRand Limited	FST	66.56	66.12	-0.66%
Momentum Metropolitan Holdings	MMT	18.23	18.67	2.41%
Old Mutual Ltd	OMM	12.94	12.60	-2.63%
Sanlam Limited	SLA	64.25	64.66	0.64%
Santam Limited	SNM	267.82	274.00	2.31%
Vukile Property Fund Limited	VKN	12.40	12.56	1.29%
Investec Limited	IVD	87.71	86.45	-1.44%
PSG Konsult Limited	KFS	13.60	13.74	1.03%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	268.32	275.81	2.79%
New Gold Palladium ETF	NGNPLD	357.92	375.05	4.79%
New Gold Platinum ETF N	NGNPLT	155.79	157.37	1.01%
New Funds S&P NAM Bond	NFNAMA	16.53	16.47	-0.36%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.38
EUR/ZAR	17.22
GBP/ZAR	20.63
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.73
USD/JPY	115.09
Commodities
Gold	1 906.55
Silver	24.43
Platinum	1 046.80
Palladium	2 487.77
WTI	97.00
Brent	99.52

Table 5: Exchange Rates and Commodities 

Local News

The mining industry and most of the industries in the tertiary sector are expected to drive the economy in 2022 and 2023. (Namibian Sun)

The mines and energy ministry last week confirmed the discovery of light oil in the Venus well of the joint venture between TotalEnergies (40%), QatarEnergy (30%), Impact Oil and Gas (20%) and the National Petroleum Corporation of Namibia (10%). (New Era Newspaper)

President Geingob and the emir of Qatar HH Sheikh Tamim bin Hamad Al Tani met today and discussed issues of bilateral concern, including agriculture, the fight against the Covid-19 pandemic and tourism. (The Namibian)

Sub-Sahara News

Wine producers – who are still reeling from the impact of Covid-19 – are facing further uncertainty due to the Russian invasion of Ukraine. (News24)

Russia’s rouble plummeted against the dollar on Monday to lead losses among developing world currencies after a clutch of Western nations imposed biting new sanctions on Russia for its invasion of Ukraine (CNBC Africa)

South Africa is scrambling to repair relations with the Kremlin after International Relations and Cooperation Minister Naledi Pandor issued an unusually strong statement calling on Russia to withdraw from Ukraine. (All Africa News)

International News

As Russia’s economy gets hammered by sanctions, China has emerged as the key player with the potential to lessen its partner’s economic pain. (Aljazeera News)

European stocks tumbled on Tuesday to hit a seven-month low after Russian President Vladimir Putin ordered troops into two breakaway areas of Ukraine that he had earlier recognized as independent. (RTT News)

More Western companies are expected to pull out of Russia on Tuesday, as corporations and investors across industries follow the lead of energy firms BP and Shell that abandoned multi-billion-dollar positions after the invasion of Ukraine. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	784,877	53,452,303	99.78%
ETFs	744	115,454	0.22%
Total	785,621	53,567,757	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 53,452,303 worth of shares was traded on the NSX on Friday, with about N$ 551,378 worth of Anglo-American, N$ 31,383,500 worth of Barloworld Limited, and N$ 383,370 FirstRand Namibia Ltd on the home front. ETFs worth N$ 115,454 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price reduced in price at closing as investors starts to hedge from a potential war.
• Shares belonging to Barloworld Limited were bought as talks about their disposal of assets sparks interest in investors for a hefty payday
• On the local NSX listing FirstRand Namibia Ltd shares were traded resulting into  a decline in share price at closing
• New Gold Platinum ETF N was offloaded by market participants causing  a tremendous decline in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	48.00	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.23	12.87	14.60%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.97	5.96	-0.17%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.58	1.58	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	8.25	8.25	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	735.23	742.35	0.97%
Barloworld Limited	BWL	124.37	126.20	1.47%
Oceana Group Limited	OCG	51.90	53.86	3.78%
Mediclinic International Plc	MEP	67.68	68.27	0.87%
Truworths	TRW	60.60	59.50	-1.82%
Nedbank Group Limited	NBK	212.02	215.13	1.47%
Standard Bank Group	SNB	157.98	159.90	1.22%
Shoprite Holdings	SRH	226.88	228.68	0.79%
FirstRand Limited	FST	64.57	66.56	3.08%
Momentum Metropolitan Holdings	MMT	18.24	18.23	-0.05%
Old Mutual Ltd	OMM	12.83	12.94	0.86%
Sanlam Limited	SLA	63.53	64.25	1.13%
Santam Limited	SNM	268.16	267.82	-0.13%
Vukile Property Fund Limited	VKN	12.40	12.40	0.00%
Investec Limited	IVD	84.89	87.71	3.32%
PSG Konsult Limited	KFS	13.60	13.60	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	279.23	268.32	-3.91%
New Gold Palladium ETF	NGNPLD	388.38	357.92	-7.84%
New Gold Platinum ETF N	NGNPLT	161.36	155.79	-3.45%
New Funds S&P NAM Bond	NFNAMA	16.44	16.53	0.55%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.33
EUR/ZAR	17.11
GBP/ZAR	20.48
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.72
USD/JPY	115.51
Commodities
Gold	1 910.80
Silver	24.40
Platinum	1 063
Palladium	2 508.77
WTI	96.81
Brent	99.31

Table 5: Exchange Rates and Commodities 

Local News

Prominent northern business people have left the Namibia Chambers of Commerce and Industry (NCCI) to form their own organisation, saying the current NCCI is “pure nonsense”. (Namibian Sun)

Tunacor Group subsidiary company Namsov showed the fishing industry that value could be added to wet landed horse mackerel. (New Era Newspaper)

NAMPower will on Monday disconnect power supply to the Kombat settlement to recover N$29 million owed to it. (The Namibian)

Sub-Sahara News

Discovery Bank has about one-tenth of customers that TymeBank has attracted to date, and yet, its retail deposit book is growing much faster, and so is its lending book. (News24)

The Russian rouble steadied and pulled away from record low territory on Friday, but the currency was heading for its worst weekly performance since the onset of the pandemic as Russia pressed ahead with its invasion of Ukraine. (CNBC Africa)

The maiden budget tabled by South Africa's new Finance Minister Enoch Godongwana carefully balances his desire to stimulate economic growth and reduce borrowing with the need to assist welfare grants to the growing number of poor. (All Africa News)

International News

As Russia’s economy gets hammered by sanctions, China has emerged as the key player with the potential to lessen its partner’s economic pain. (Aljazeera News)

Asian stocks cut early losses to end mixed on Monday after U.S. President Joe Biden and Russian President Vladimir Putin agreed in principle to a summit over Ukraine. (RTT News)

Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT global payments system. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	329 128	33 946 817	99.49%
ETFs	618	173 368	0.51%
Total	329 746	34 120 185	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 33 946 817 worth of shares was traded on the NSX on Thursday, with about N$ 12 325 347 worth of Anglo-American, N$ 18 748 499 worth of Barloworld Limited, and N$ 29 198 worth Capricorn Group Limited on the home front. ETFs worth N$ 173 368 were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price reduce in price at closing as investors starts to hedge from a potential war.
• Shares belonging to Barloworld Limited were sold off by market participants as Russia-Ukraine war spiral.
• On the local NSX listing Capricorn Group shares were traded resulting into  a decline 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	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.23	11.23	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.97	5.97	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.58	1.58	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	8.25	8.25	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	725.48	735.23	1.34%
Barloworld Limited	BWL	133.31	124.37	-6.71%
Oceana Group Limited	OCG	54.30	51.90	-4.42%
Mediclinic International Plc	MEP	68.66	67.68	-1.43%
Truworths	TRW	62.38	60.60	-2.85%
Nedbank Group Limited	NBK	213.56	212.02	-0.72%
Standard Bank Group	SNB	159.51	157.98	-0.96%
Shoprite Holdings	SRH	230.59	226.88	-1.61%
FirstRand Limited	FST	65.96	64.57	-2.11%
Momentum Metropolitan Holdings	MMT	18.86	18.24	-3.29%
Old Mutual Ltd	OMM	13.32	12.83	-3.68%
Sanlam Limited	SLA	65.60	63.53	-3.16%
Santam Limited	SNM	276.49	268.16	-3.01%
Vukile Property Fund Limited	VKN	12.70	12.40	-2.36%
Investec Limited	IVD	87.30	84.89	-2.76%
PSG Konsult Limited	KFS	13.70	13.60	-0.73%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	266.92	279.23	4.61%
New Gold Palladium ETF	NGNPLD	352.42	388.38	10.20%
New Gold Platinum ETF N	NGNPLT	158.24	161.36	1.97%
New Funds S&P NAM Bond	NFNAMA	16.69	16.44	-1.50%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.46
EUR/ZAR	17.24
GBP/ZAR	20.63
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.72
USD/JPY	115.44
Commodities
Gold	1 921.50
Silver	24.11
Platinum	1 106.90
Palladium	2 524.00
WTI	98.05
Brent	99.01

Table 5: Exchange Rates and Commodities 

Local News

Foreign and local investment seem to be a key variable in driving domestic economy going forward. (Namibian Sun)

Prospects have started to improve for the logistics sector in Namibia, as the rest of the world gradually recovers from the Covid-19 pandemic. This sector is important for the growth of the Namibian economy, as Namibia is well placed to be a logistics hub for its landlocked neighbours. (New Era Newspaper)

Namsov, a subsidiary fishing company of Tunacor Group, opened Namibia's first solar-powered horse mackerel fish processing plant at Walvis Bay on Thursday. (The Namibian)

Sub-Sahara News

The SA wine industry saw R10.2 billion in exports in 2021 - the highest rand value of SA wine exports since 2014, when the current method of calculating it was introduced. (News24)

Scattered throughout the U.S. are millions of old oil and gas wells with no known operator. They’re a major source of methane emissions and can leak contaminants into the groundwater. (CNBC Africa)

The National Energy Regulator of SA has approved the hike for Eskom for the 2022/2023 financial year. The tariff increase comes into effect on April 1. 2022. (All Africa News)

International News

Asian shares rebound but markets eye long-term Russia-Ukraine risk. (Reuters)

Asian stock markets are trading mostly sharply higher on Friday, following the broadly positive cues overnight from Wall Street, as traders picked up stocks at a bargain after the recent sell-off amid the continued escalation of the Russia-Ukraine crisis. (RTT News)

Taiwan Premier Su Tseng-chang has said the island will join “democratic countries” to impose sanctions on Russia over the invasion of Ukraine, although he did not give details. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	269 272	32 048 284	100.00%
ETFs	-	-	0.00%
Total	269 272	32 048 284	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 32 048 284 worth of shares was traded on the NSX on Wednesday, with about N$  1 382 204 worth of Anglo-American, N 9 372 293 worth of Barloworld Limited, and N$     54 763 worth of Mobile Telecommunications 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 reduce in price at closing as investors starts to hedge from a potential war.
• Shares belonging to Barloworld Limited were sold off by market participants as Russia-Ukraine war spiral.
• On the local NSX listing, Mobile Telecommunications shares were traded resulting into  a decline 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	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.23	11.23	0.00%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.98	5.97	-0.17%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.53	1.53	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	8.25	8.25	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	742.14	725.48	-2.24%
Barloworld Limited	BWL	134.26	133.31	-0.71%
Oceana Group Limited	OCG	54.30	54.30	0.00%
Mediclinic International Plc	MEP	69.95	68.66	-1.84%
Truworths	TRW	61.82	62.38	0.91%
Nedbank Group Limited	NBK	209.65	213.56	1.87%
Standard Bank Group	SNB	158.65	159.51	0.54%
Shoprite Holdings	SRH	226.32	230.59	1.89%
FirstRand Limited	FST	65.15	65.96	1.24%
Momentum Metropolitan Holdings	MMT	19.18	18.86	-1.67%
Old Mutual Ltd	OMM	13.25	13.32	0.53%
Sanlam Limited	SLA	64.56	65.60	1.61%
Santam Limited	SNM	283.16	276.49	-2.36%
Vukile Property Fund Limited	VKN	12.66	12.70	0.32%
Investec Limited	IVD	86.79	87.30	0.59%
PSG Konsult Limited	KFS	13.70	13.70	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	268.48	266.92	-0.58%
New Gold Palladium ETF	NGNPLD	352.82	352.42	-0.11%
New Gold Platinum ETF N	NGNPLT	158.69	158.24	-0.28%
New Funds S&P NAM Bond	NFNAMA	16.68	16.69	0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.26
EUR/ZAR	17.16
GBP/ZAR	20.61
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.72
USD/JPY	114.47
Commodities
Gold	1 941.05
Silver	25.11
Platinum	1 107.90
Palladium	2 524.00
WTI	98.05
Brent	99.01

Table 5: Exchange Rates and Commodities 

Local News

Foreign and local investment seem to be a key variable in driving domestic economy going forward. (Namibian Sun)

Prospects have started to improve for the logistics sector in Namibia, as the rest of the world gradually recovers from the Covid-19 pandemic. This sector is important for the growth of the Namibian economy, as Namibia is well placed to be a logistics hub for its landlocked neighbours. (New Era Newspaper)

Despite the poor turnout at the Namibia Chamber of Commerce and Industry (NCCI) meeting at the Ongwediva Trade Fair Centre on Monday, NCCI president Bisey /Uirab described it as fruitful. (The Namibian)

Sub-Sahara News

Finance Minister Enoch Godongwana’s first budget was a feel-good one. There were no new taxes, corporate tax fell, the poor got income relief, and education, health, police services and prosecutors all got more money. (News24)

South Africa’s National Treasury on Wednesday flagged an improved fiscal outlook at the 2022 budget, forecasting lower budget deficits and a better debt trajectory. (CNBC Africa)

The UK plans to boost its investment in renewable and climate change projects in Nigeria, the Minister for Africa, Vicky Ford said on her first trip to the country. She added that the UK was keen to improve energy access in Nigeria and help the country to keep to its COP26 commitments. (All Africa News)

International News

Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military operation in the east. (Reuters)

Asian stocks ended mostly higher on Thursday after minutes from the latest Fed meeting showed officials are leaning toward more decisive action on inflation but set no firm targets. (RTT News)

A controversial carbon trading deal in Malaysian Borneo worth an estimated $76.5bn appears to be all but dead after being declared illegal by the state’s top lawyer, unfeasible by scientists, and unsellable by carbon trading experts. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	226 697	9 177 998	100.00%
ETFs	-	-	0.00%
Total	226 697	9 177 998	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 9 177 998 worth of shares was traded on the NSX on Tuesday with about N$ 3 913 441 worth of Anglo-American, N$ 1 373 198 worth of Shoprite Holdings, and N$    24 750 worth of Mobile Telecommunications on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased in price at closing.
• Shares belonging to Shoprite Holdings were sold off by market participants.
• On the local NSX listing, Mobile Telecommunications shares were traded resulting into  a decline 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	48.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.13	11.23	0.90%
First Rand Namibia	FNB	29.50	29.50	0.00%
Standard Bank Namibia	SNO	5.98	5.98	0.00%
Oryx Limited	ORY	8.56	8.56	0.00%
Letshego	LHN	1.53	1.53	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	8.49	8.25	-2.83%
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	730.39	742.14	1.61%
Barloworld Limited	BWL	143.90	134.26	-6.70%
Oceana Group Limited	OCG	54.90	54.30	-1.09%
Mediclinic International Plc	MEP	70.15	69.95	-0.29%
Truworths	TRW	62.79	61.82	-1.54%
Nedbank Group Limited	NBK	214.32	209.65	-2.18%
Standard Bank Group	SNB	159.96	158.65	-0.82%
Shoprite Holdings	SRH	229.45	226.32	-1.36%
FirstRand Limited	FST	65.90	65.15	-1.14%
Momentum Metropolitan Holdings	MMT	19.55	19.18	-1.89%
Old Mutual Ltd	OMM	13.62	13.25	-2.72%
Sanlam Limited	SLA	66.42	64.56	-2.80%
Santam Limited	SNM	285.00	283.16	-0.65%
Vukile Property Fund Limited	VKN	13.05	12.66	-2.99%
Investec Limited	IVD	87.51	86.79	-0.82%
PSG Konsult Limited	KFS	13.80	13.70	-0.72%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	268.02	268.48	0.17%
New Gold Palladium ETF	NGNPLD	350.01	352.82	0.80%
New Gold Platinum ETF N	NGNPLT	157.86	158.69	0.53%
New Funds S&P NAM Bond	NFNAMA	16.68	16.68	0.00%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.03
EUR/ZAR	17.03
GBP/ZAR	20.44
EUR/GBP	0.83
EUR/USD	1.13
GBP/USD	1.36
AUD/USD	0.72
USD/JPY	115.04
Commodities
Gold	1 898.30
Silver	24.11
Platinum	1 082
Palladium	2 347.52
WTI	91.72
Brent	93.60

Table 5: Exchange Rates and Commodities 

Local News

Should the JSE suspend the listing of Trustco Group Holdings’ on the South African stock exchange. (Namibian Sun)

The Development Bank of Namibia last week inaugurated its expanded office in Walvis Bay to serve towns in the Erongo region as well as some entrepreneurs and enterprises in the Kunene region. (New Era Newspaper)

ENERGY experts have questioned the decision by the National Petroleum Corporation of Namibia (Namcor) to sell half its stake in an oil-drilling licence in the Kavango East region, thereby pushing the Canadian company's stake up to 95%. (The Namibian)

Sub-Sahara News

Eskom, South Africa’s indebted power utility, is considering selling distribution assets as prospects of the government taking over about half of its R392 billion obligations dim, people with knowledge of the matter said. (News24)

Three in four people worldwide want single-use plastics to be banned as soon as possible, according to a poll released on Tuesday, as United Nations members prepare to begin talks on a global treaty to rein in soaring plastic pollution. (CNBC Africa)

South Africa is sending fresh troops and armoured vehicles to Mozambique's northern Cabo Delgado province as part of efforts to fight Islamic State-connected insurgents. (All Africa News)

International News

Asian stocks steadied on Wednesday and demand for safe-havens waned a little as investors regarded Russian troop movements near Ukraine and initial Western sanctions as leaving room to avoid a war, while a rate hike lifted New Zealand's dollar. (Reuters)

Asian stocks ended broadly higher on Wednesday amid hopes that a diplomatic solution can be found to avoid a Russian invasion of Ukraine. (RTT News)

Hong Kong has announced plans to roll out compulsory COVID-19 testing from next month, with each of the densely-populated territory’s 7.4 million residents required to submit to three rounds of tests. (Aljazeera News)