Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	5,852,409.00	246,367,695.21	98.41%
ETFs	26,100.00	3,988,228.77	1.59%
Total	5,878,509.00	250,355,923.98	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 246,367,695.21 worth of shares was traded on the NSX on Thursday with about N$ 1,305,845 worth of Anglo-American plc and N$   6,371,652 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 3,988,228.77 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American plc decreased at closing as the local market closed in negative territory as markets are down for three days
• Shares belonging to FirstRand Namibia Ltd were traded without a change in share price
• New Gold Platinum ETF N was allotted by market participants resulting in the share price increasing at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	12.50	-3.85%
First Rand Namibia	FNB	30.21	30.21	0.00%
Standard Bank Namibia	SNO	4.70	4.70	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.66	2.66	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.00	7.00	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	578.48	565.16	-2.30%
B2Gold Corporation	B2G	59.04	59.62	0.98%
Oceana Group Limited	OCG	53.00	52.06	-1.77%
Mediclinic International Plc	MEP	99.65	99.10	-0.55%
Truworths	TRW	58.06	57.17	-1.53%
Nedbank Group Limited	NBK	211.59	213.29	0.80%
Standard Bank Group	SNB	145.62	147.74	1.46%
Shoprite Holdings	SRH	226.69	224.38	-1.02%
FirstRand Limited	FST	64.39	65.02	0.98%
Momentum Metropolitan Holdings	MMT	17.50	17.65	0.86%
Old Mutual Ltd	OMM	10.74	10.50	-2.23%
Sanlam Limited	SLA	54.86	55.26	0.73%
Santam Limited	SNM	246.94	250.00	1.24%
Vukile Property Fund Limited	VKN	13.27	13.47	1.51%
Investec Limited	IVD	77.95	77.51	-0.56%
PSG Konsult Limited	KFS	10.83	10.88	0.46%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	277.43	273.66	-1.36%
New Gold Palladium ETF	NGNPLD	361.48	366.46	1.38%
New Gold Platinum ETF N	NGNPLT	152.82	154.51	1.11%
New Funds S&P NAM Bond	NFNAMA	17.33	17.29	-0.23%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.59
EUR/NAD	17.56
GBP/NAD	20.12
EUR/GBP	0.87
EUR/USD	0.99
GBP/USD	1.16
AUD/USD	0.67
USD/JPY	143.60
Commodities @ 08:00
Gold	1,672.00
Silver	19.05
Platinum	898.35
Palladium	2,138.27
WTI	85.53
Brent	91.34

Table 5: Exchange Rates and Commodities 

Local News

Pupkewitz Nissan was recently announced as the top-selling Navara dealership out of 117 peers across SADC (Namibian Sun)

MTC yesterday unveiled MTC Credit Life, which is a new insurance product to provide credit life cover to MTC post-paid customers.  (New Era Newspaper)

The Namibian government, through its Land Acquisition and Development Fund, bought land worth over N$700 million.  (The Namibian)

Sub-Sahara News

FirstRand is slower to lend than others - it now expects 'risky' loans will bite competitors. (News24)

Zambia’s international bondholders have criticized the International Monetary Fund’s debt restructuring framework as “arbitrary” and for excluding the country’s domestic debt, sources involved in the process have told Reuters. (CNBC Africa)

According to a study by The Lancet, the global response to the Covid-19 epidemic has been nothing short of a massive failure. (All Africa News)

International News

China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but a deepening property slump weighed on the outlook. (Reuters)

European stocks were sharply higher on Friday, a day after the European Central Bank (ECB) raised interest rates by a record 75 basis points and signaled further hikes to tame runaway inflation. (RTT News)

Iranian President Ebrahim Raisi has said that US sanctions must be lifted to reach a nuclear agreement, and there must be guarantees established to ensure their “lasting removal”. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	3,506,180.00	94,826,752.28	100.00%
ETFs	-	-	0.00%
Total	3,506,180.00	94,826,752.28	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 94,826,752.28 worth of shares was traded on the NSX on Wednesday with about N$ 342,920 worth of Anglo-American plc and N$   39,000 worth of Capricorn Group on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American plc decreased at closing as the local market closed in negative territory consecutively
• Shares belonging to Capricorn Group were traded ending in an increase in share price at closing by 21.5%

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.49	42.50	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.70	13.00	21.50%
First Rand Namibia	FNB	30.21	30.21	0.00%
Standard Bank Namibia	SNO	4.70	4.70	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.66	2.66	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.00	7.00	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	583.60	578.48	-0.88%
B2Gold Corporation	B2G	60.82	59.04	-2.93%
Oceana Group Limited	OCG	53.15	53.00	-0.28%
Mediclinic International Plc	MEP	99.03	99.65	0.63%
Truworths	TRW	57.62	58.06	0.76%
Nedbank Group Limited	NBK	211.00	211.59	0.28%
Standard Bank Group	SNB	153.65	145.62	-5.23%
Shoprite Holdings	SRH	228.96	226.69	-0.99%
FirstRand Limited	FST	64.54	64.39	-0.23%
Momentum Metropolitan Holdings	MMT	16.92	17.50	3.43%
Old Mutual Ltd	OMM	10.63	10.74	1.03%
Sanlam Limited	SLA	55.14	54.86	-0.51%
Santam Limited	SNM	247.00	246.94	-0.02%
Vukile Property Fund Limited	VKN	13.11	13.27	1.22%
Investec Limited	IVD	78.24	77.95	-0.37%
PSG Konsult Limited	KFS	10.95	10.83	-1.10%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	276.38	277.43	0.38%
New Gold Palladium ETF	NGNPLD	363.41	361.48	-0.53%
New Gold Platinum ETF N	NGNPLT	150.84	152.82	1.31%
New Funds S&P NAM Bond	NFNAMA	17.36	17.33	-0.17%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.48
EUR/NAD	17.42
GBP/NAD	20.13
EUR/GBP	0.86
EUR/USD	0.99
GBP/USD	1.16
AUD/USD	0.67
USD/JPY	143.57
Commodities @ 08:00
Gold	1,696.75
Silver	19.39
Platinum	897.60
Palladium	2,112.77
WTI	88.35
Brent	93.83

Table 5: Exchange Rates and Commodities 

Local News

Ten government institutions returned N$400 million to the State purse between 2019 and 2021, money that could have been used to address serious national challenges such as housing, employment creation or even intensifying the anti-graft fight. (Namibian Sun)

The livestock industry is on high alert and taking all possible steps to prevent foot-and-mouth disease (FMD) from spreading from neighboring countries across Namibian borders.  (New Era Newspaper)

The Ministry of Health and Social Services yesterday revealed that 11,727 children and adolescents younger than 19 years old are receiving antiretroviral therapy (ART). (The Namibian)

Sub-Sahara News

Sasol could be rendered unviable by 2029 if the proposed carbon tax trajectory materializes, the chemicals company said.. (News24)

Global oil demand growth will rebound strongly next year as China eases COVID lockdowns, the International Energy Agency (IEA) said on Wednesday, adding that an economic slowdown will pause growth only briefly at the end of this year. (CNBC Africa)

A global report released today highlights massive global failures in the response to COVID-19. The report, which was convened by The Lancet journal and to which we contributed, highlights widespread global failures of prevention and basic public health. This resulted in an estimated 17.7 million excess deaths due to COVID-19 (including those not reported) to September 15. (All Africa News)

International News

A group of immigrants landed on the wealthy Massachusetts island of Martha's Vineyard on Wednesday, part of a campaign by Republican governors to shift the immigration burden to Democratic areas. (Reuters)

Asian stocks followed their U.S. peers higher on Thursday, although Chinese and Hong Kong stocks ended on a subdued note on news of extended lockdowns in the Chinese city of Chengdu. (RTT News)

A Senate committee in the United States has taken the first step towards legislation that would significantly enhance US military support for Taiwan, including potentially billions of dollars in additional security assistance, as the self-ruled island comes under increasing pressure from China. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	101,934.00	8,113,349.15	100.00%
ETFs	-	-	0.00%
Total	101,934.00	8,113,349.15	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,113,349.15 worth of shares was traded on the NSX on Monday with about N$ 2,717,899 worth of Anglo-American plc and N$  46,710 worth of Letshego Holdings Ltd on the home front. No ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American plc shares increased in share price as the market index soared as investors expect the US Inflation to ease for August.
• Shares belonging to Letshego Holdings Ltd were traded with no change in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.49	42.49	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.00	12.00	0.00%
First Rand Namibia	FNB	30.21	30.21	0.00%
Standard Bank Namibia	SNO	4.41	4.70	6.58%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.66	2.66	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.50	7.50	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	588.23	601.50	2.26%
B2Gold Corporation	B2G	59.89	59.88	-0.02%
Oceana Group Limited	OCG	54.14	54.24	0.18%
Mediclinic International Plc	MEP	98.55	98.54	-0.01%
Truworths	TRW	59.46	58.34	-1.88%
Nedbank Group Limited	NBK	212.00	213.71	0.81%
Standard Bank Group	SNB	155.61	156.73	0.72%
Shoprite Holdings	SRH	224.40	231.74	3.27%
FirstRand Limited	FST	65.20	66.39	1.83%
Momentum Metropolitan Holdings	MMT	16.83	17.30	2.79%
Old Mutual Ltd	OMM	10.70	11.07	3.46%
Sanlam Limited	SLA	55.05	56.96	3.47%
Santam Limited	SNM	244.01	247.01	1.23%
Vukile Property Fund Limited	VKN	13.22	13.38	1.21%
Investec Limited	IVD	79.54	81.65	2.65%
PSG Konsult Limited	KFS	10.60	10.76	1.51%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	276.40	275.90	-0.18%
New Gold Palladium ETF	NGNPLD	362.50	369.77	2.01%
New Gold Platinum ETF N	NGNPLT	147.80	148.58	0.53%
New Funds S&P NAM Bond	NFNAMA	17.28	17.38	0.58%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.11
EUR/NAD	17.34
GBP/NAD	20.00
EUR/GBP	0.86
EUR/USD	1.01
GBP/USD	1.16
AUD/USD	0.68
USD/JPY	142.39
Commodities @ 08:00
Gold	1,737.25
Silver	19.67
Platinum	896.85
Palladium	2,251.27
WTI	88.69
Brent	94.76

Table 5: Exchange Rates and Commodities 

Local News

The Namibian Competition Commission (NaCC) has conditionally approved the acquisition of Namibia Breweries Investment Holdings (Pty) Ltd and Distell Group Holdings Limited by Heineken International BV.  (Namibian Sun)

HDF Energy is developing the Renewable Swakopmund, a green hydrogen power plant in Swakopmund, Erongo Region. (New Era Newspaper)

About 20,000 children in Namibia aged 12 to 17 have experienced online sexual exploitation and abuse in the last year (The Namibian)

Sub-Sahara News

According to the GDP data for the second quarter of 2022, published last week by Statistics South Africa (Stats SA), the economy took a hit of 0.7%, compared to the first quarter of the year. (News24)

South African government plans to end recurring power cuts could take at least a year to deliver results, a top executive at struggling utility Eskom said on Monday. (CNBC Africa)

Food and non-alcoholic beverages prices in urban areas increased by 29.2 percent during the month of August compared to the same period last year according to the Consumer Price Index that was released, during the weekend, by the National Institute of Statistics of Rwanda. (All Africa News)

International News

Queen Elizabeth's coffin will be flown to London on Tuesday at the end of 24 hours of lying at rest in Edinburgh's historic cathedral, where her son King Charles and his three siblings held a silent vigil. (Reuters)

Asian stocks gave up early gains to end mixed on Tuesday amid Europe's worsening energy crisis and ahead of a European Central Bank meeting this week. (RTT News)

Ukrainian forces outnumbered Russian troops by eight times during the rapid Ukrainian counteroffensive in the northeastern Kharkiv region, a Russian-installed official said. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	117,026.00	3,250,455.40	100.00%
ETFs	-	-	0.00%
Total	117,026.00	3,250,455.40	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$3,250,455.40 worth of shares was traded on the NSX on Friday with about N$    966,712 worth of PSG Konsult Limited and N$ 180,000 worth of Capricorn Group Limited on the home front. No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• PSG Konsult Limited shares decreased as the FTSE/JSE All Share Index displayed mixed for most of the season on Friday
• Shares belonging to Capricorn Group Limited were traded with no change in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.49	42.49	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.00	12.00	0.00%
First Rand Namibia	FNB	30.21	30.21	0.00%
Standard Bank Namibia	SNO	4.41	4.41	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.65	2.66	0.38%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.50	7.50	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	554.85	588.23	6.02%
B2Gold Corporation	B2G	57.55	59.89	4.07%
Oceana Group Limited	OCG	53.50	54.14	1.20%
Mediclinic International Plc	MEP	99.12	98.55	-0.58%
Truworths	TRW	59.06	59.46	0.68%
Nedbank Group Limited	NBK	207.76	212.00	2.04%
Standard Bank Group	SNB	151.56	155.61	2.67%
Shoprite Holdings	SRH	225.61	224.40	-0.54%
FirstRand Limited	FST	63.56	65.20	2.58%
Momentum Metropolitan Holdings	MMT	16.64	16.83	1.14%
Old Mutual Ltd	OMM	10.67	10.70	0.28%
Sanlam Limited	SLA	54.66	55.05	0.71%
Santam Limited	SNM	241.80	244.01	0.91%
Vukile Property Fund Limited	VKN	13.10	13.22	0.92%
Investec Limited	IVD	78.20	79.54	1.71%
PSG Konsult Limited	KFS	11.00	10.60	-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	278.21	276.40	-0.65%
New Gold Palladium ETF	NGNPLD	362.45	362.50	0.01%
New Gold Platinum ETF N	NGNPLT	147.61	147.80	0.13%
New Funds S&P NAM Bond	NFNAMA	17.27	17.28	0.06%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.28
EUR/NAD	17.43
GBP/NAD	20.08
EUR/GBP	0.86
EUR/USD	1.00
GBP/USD	1.15
AUD/USD	0.68
USD/JPY	143.41
Commodities @ 08:00
Gold	1,723.50
Silver	18.88
Platinum	871.00
Palladium	2,160.52
WTI	85.72
Brent	91.87

Table 5: Exchange Rates and Commodities 

Local News

AB InBev Namibia is satisfied with its investment in ensuring the development of cricket in the country (Namibian Sun)

Red flags continue being raised by various communities regarding continued uranium exploration activities being conducted in the Omaheke region. (New Era Newspaper)

Namibia has been ranked 103 out of 117 countries in the world regarding digital well-being (The Namibian)

Sub-Sahara News

A dam at South Africa’s abandoned Jagersfontein diamond mine collapsed early Sunday, triggering heavy flooding that damaged property and killed at least three people. (News24)

Angola’s Constitutional Court made a final ruling on Thursday to dismiss a complaint filed by the runner-up in the Aug. 24 election seeking to annul the results that gave victory to the ruling MPLA. (CNBC Africa)

The Ugandan government has paid shs250 billion($65million) to the Democratic Republic of Congo government in partial payment for war reparations. (All Africa News)

International News

Britain's King Charles will fly to Edinburgh to join his siblings on Monday when the coffin of his mother Queen Elizabeth is taken in a solemn procession from one of her Scottish palaces to the city's historic St. Giles cathedral. (Reuters)

Asian stocks ended mixed on Monday as U.S. rate hike worries persisted, and China tightened COVID-19 curbs in some big cities. (RTT News)

Ukraine’s eastern region has suffered a “total blackout” a day after a counterattack by Kyiv’s troops forced the Russian army to retreat from large tracts of the Kharkiv region, with Ukrainian President Volodymyr Zelenskyy accusing Moscow of deliberately targeting civilian infrastructure. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	550,859.00	9,705,444.80	100.00%
ETFs	-	-	0.00%
Total	550,859.00	9,705,444.80	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 9,705,444.80 worth of shares was traded on the NSX on Thursday with about N$   922,621 worth of Anglo-American plc and N$          156,094 worth of Oryx Properties Limited on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares increase at closing as indexes performed well aimed the ECB hawkish interest rates
• Shares belonging to Oryx Properties Limited were traded with no change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.75	12.00	11.63%
First Rand Namibia	FNB	30.20	30.21	0.03%
Standard Bank Namibia	SNO	4.40	4.41	0.23%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.65	2.66	0.38%
Namibia Asset Management	NAM	0.70	0.68	-2.86%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	12.99	-0.08%
Mobile Telecommunication Company	MOC	7.52	7.50	-0.27%
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	548.00	554.85	1.25%
B2Gold Corporation	B2G	53.80	57.55	6.97%
Oceana Group Limited	OCG	54.29	53.50	-1.46%
Mediclinic International Plc	MEP	98.03	99.12	1.11%
Truworths	TRW	57.59	59.06	2.55%
Nedbank Group Limited	NBK	203.94	207.76	1.87%
Standard Bank Group	SNB	150.88	151.56	0.45%
Shoprite Holdings	SRH	225.00	225.61	0.27%
FirstRand Limited	FST	63.45	63.56	0.17%
Momentum Metropolitan Holdings	MMT	16.22	16.64	2.59%
Old Mutual Ltd	OMM	10.40	10.67	2.60%
Sanlam Limited	SLA	53.76	54.66	1.67%
Santam Limited	SNM	240.17	241.80	0.68%
Vukile Property Fund Limited	VKN	13.24	13.10	-1.06%
Investec Limited	IVD	81.11	76.93	-5.15%
PSG Konsult Limited	KFS	11.63	10.60	-8.86%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	276.96	278.21	0.45%
New Gold Palladium ETF	NGNPLD	338.49	362.45	7.08%
New Gold Platinum ETF N	NGNPLT	144.59	147.61	2.09%
New Funds S&P NAM Bond	NFNAMA	17.15	17.27	0.70%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.40
EUR/NAD	17.52
GBP/NAD	20.16
EUR/GBP	0.86
EUR/USD	0.99
GBP/USD	1.15
AUD/USD	0.68
USD/JPY	142.95
Commodities @ 08:00
Gold	1,729.25
Silver	18.70
Platinum	850.60
Palladium	2,106.77
WTI	83.72
Brent	89.49

Table 5: Exchange Rates and Commodities 

Local News

The well-known Okapuka Game Ranch, situated just outside Windhoek on the road to Okahandja, recently entered into an exciting joint venture with Gondwana Collection Namibia (Namibian Sun)

The Agricultural Bank of Namibia has encouraged farmers to prepare for a better rainfall season, and at the same time urged them to continue building adaptive capacity to climate change through various strategies. (New Era Newspaper)

The Bank of Namibia this week borrowed N$1.7 billion on the behalf of the state through bonds and treasury bills. (The Namibian)

Sub-Sahara News

Mineral Resources and Energy Minister Gwede Mantashe said it would cost the government R49 billion to rehabilitate all 6 100 of the derelict mines in its database, but that the Department of Mineral Resources only has a budget of R140 million for this purpose. (News24)

The European Central Bank on Thursday announced a 75-basis point interest rate rise, taking its benchmark deposit rate to 0.75%. (CNBC Africa)

Climate catastrophe, war, and political turmoil took a back seat on Thursday night to the news that the ailing Queen Elizabeth II, Britain's longest-ever reigning monarch, had died. (All Africa News)

International News

The crowning achievement of Britain's Queen Elizabeth, who died on Thursday after 70 years on the throne, was to maintain the popularity of the monarchy across decades of seismic political, social and cultural change that threatened to make it an anachronism. (Reuters)

European stocks rebounded on Friday despite mounting concerns over Europe's energy crisis and slowing growth momentum in the global economy. Traders remained focused on a key U.S. monthly jobs report (RTT News)

China is facing a steeper climb to overtake the United States and its allies in semiconductors as Washington ramps up measures to restrict Beijing’s ability to produce advanced chips and secure dominance over the strategic technology. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	234,384.00	11,325,139.74	100.00%
ETFs	-	-	0.00%
Total	234,384.00	11,325,139.74	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 11,325,139.74 worth of shares was traded on the NSX on Wednesday with about N$  1,886,648 worth of Anglo-American plc and N$         24,851 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares slumped as markets closed as RMB/BER confidence index declined from 42 index points to 39
• Shares belonging to Mobile Telecommunications Limited were traded resulting in 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	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.75	10.75	0.00%
First Rand Namibia	FNB	30.20	30.20	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.65	2.65	0.00%
Namibia Asset Management	NAM	0.70	0.68	-2.86%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.52	7.51	-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	557.50	548.00	-1.70%
B2Gold Corporation	B2G	53.52	53.80	0.52%
Oceana Group Limited	OCG	54.03	54.29	0.48%
Mediclinic International Plc	MEP	98.35	98.03	-0.33%
Truworths	TRW	57.02	57.59	1.00%
Nedbank Group Limited	NBK	207.84	203.94	-1.88%
Standard Bank Group	SNB	154.97	150.88	-2.64%
Shoprite Holdings	SRH	217.63	225.00	3.39%
FirstRand Limited	FST	65.53	63.45	-3.17%
Momentum Metropolitan Holdings	MMT	16.55	16.22	-1.99%
Old Mutual Ltd	OMM	10.51	10.40	-1.05%
Sanlam Limited	SLA	54.82	53.76	-1.93%
Santam Limited	SNM	245.30	240.17	-2.09%
Vukile Property Fund Limited	VKN	13.34	13.24	-0.75%
Investec Limited	IVD	81.11	76.93	-5.15%
PSG Konsult Limited	KFS	11.63	10.60	-8.86%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.10	276.96	0.68%
New Gold Palladium ETF	NGNPLD	336.98	338.49	0.45%
New Gold Platinum ETF N	NGNPLT	143.05	144.59	1.08%
New Funds S&P NAM Bond	NFNAMA	17.12	17.15	0.18%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.36
EUR/NAD	17.29
GBP/NAD	19.90
EUR/GBP	0.86
EUR/USD	0.99
GBP/USD	1.15
AUD/USD	0.67
USD/JPY	143.76
Commodities @ 08:00
Gold	1,727.50
Silver	18.42
Platinum	850.60
Palladium	2,027.50
WTI	82.69
Brent	88.69

Table 5: Exchange Rates and Commodities 

Local News

The country’s second-largest university is ushering in a new regime, which will see students who do not meet the pass mark receiving compensatory marks to assist them to reach 50%.  (Namibian Sun)

The GIPF CEO David Nuyoma said there is a special need to be on guard to thwart any attempts by those who are tempted to satisfy their greed by dipping their hands in the cookie jar (New Era Newspaper)

The Namibia Investment Promotion and Development Board has launched a market access initiative for young entrepreneurs between the ages of 18 and 35, set to take place in mid-November at Tsumeb. (The Namibian)

Sub-Sahara News

Eskom's pension fund has said that the power utility's former CEO, Brian Molefe, has not yet paid back the R10 million he owes it. (News24)

South Africa’s business confidence slipped in the third quarter as sentiment among building contractors deteriorated due to shortages of some materials, load-shedding, and planning delays, a survey showed on Wednesday. (CNBC Africa)

United Nations Population Fund (UNFPA) has disclosed that over 20,000 adolescent girls have been retained in schools and safe places, while over 5,500 women and girls are living with obstetrics fistula in Nigeria. (All Africa News)

International News

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing. (Reuters)

China's manufacturing sector unexpectedly contracted in August as power cuts and temporary factory closures due to the heatwave dampened production and sales, survey results from S&P Global showed on Thursday (RTT News)

The United Nations said there are credible accusations that Russian forces have sent Ukrainian children to Russia for adoption as part of a larger-scale forced relocation and deportation programme. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	686,848.00	67,071,442.90	99.89%
ETFs	349.00	75,026.28	0.11%
Total	687,197.00	67,146,469.18	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 67,071,442.90 worth of shares was traded on the NSX on Tuesday with about N$ 4,157,728 worth of Anglo-American plc and N$ 31,940 worth of Namibia Asset Management on the home front. ETFs worth N$ 75,026.28 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares continue to be allotted by participants as the markets bounce back from last week’s market dive
• Shares belonging to Namibia Asset Management Limited were traded resulting in a decline in share price at closing
• New Gold Issuer Ltd NM & New Gold Platinum ETF N were both subscribed by market participants as commodity prices seem to display promising yield

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Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.75	10.75	0.00%
First Rand Namibia	FNB	30.20	30.20	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.65	2.65	0.00%
Namibia Asset Management	NAM	0.70	0.68	-2.86%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.52	7.52	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	550.19	557.50	1.33%
B2Gold Corporation	B2G	50.84	53.52	5.27%
Oceana Group Limited	OCG	54.10	54.03	-0.13%
Mediclinic International Plc	MEP	97.86	98.35	0.50%
Truworths	TRW	57.59	57.02	-0.99%
Nedbank Group Limited	NBK	208.13	207.84	-0.14%
Standard Bank Group	SNB	156.21	154.97	-0.79%
Shoprite Holdings	SRH	235.25	217.63	-7.49%
FirstRand Limited	FST	65.78	65.53	-0.38%
Momentum Metropolitan Holdings	MMT	16.86	16.55	-1.84%
Old Mutual Ltd	OMM	10.69	10.51	-1.68%
Sanlam Limited	SLA	54.33	54.82	0.90%
Santam Limited	SNM	238.00	245.30	3.07%
Vukile Property Fund Limited	VKN	13.42	13.34	-0.60%
Investec Limited	IVD	81.81	81.11	-0.86%
PSG Konsult Limited	KFS	11.06	11.63	5.15%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.79	275.10	0.11%
New Gold Palladium ETF	NGNPLD	335.57	336.98	0.42%
New Gold Platinum ETF N	NGNPLT	141.50	143.05	1.10%
New Funds S&P NAM Bond	NFNAMA	17.24	17.12	-0.70%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.36
EUR/NAD	17.17
GBP/NAD	19.92
EUR/GBP	0.86
EUR/USD	0.98
GBP/USD	1.15
AUD/USD	0.67
USD/JPY	144.18
Commodities @ 08:00
Gold	1,706.00
Silver	17.86
Platinum	831.60
Palladium	1,975.03
WTI	85.25
Brent	91.35

Table 5: Exchange Rates and Commodities 

Local News

The existence of the veterinary cordon fence (VCF)- also known as the red line- is limiting Meatco from achieving its full potential.  (Namibian Sun)

The second-hand clothing industry will soon be paying duties on imported goods. (New Era Newspaper)

Despite continued complaints from South African farmers over the closure of borders for the importation of horticultural products, Namibia imported tomatoes valued at N$24.6 million from South Africa (The Namibian)

Sub-Sahara News

Neil Phillips, the embattled co-founder of hedge fund Glen Point Capital is looking to sell a nine-bed mansion in one of London’s most expensive areas as he prepares to face US charges that he rigged currency markets. (News24)

South Africa’s economy contracted back to pre-pandemic size in the second quarter, weakened by floods that disrupted operations at a key export hub and the country’s worst-ever power cuts, data from the statistics agency showed. (CNBC Africa)

Ahead of the annual forum of Agra - an organization founded to transform African agriculture - a large network of African food producers and their allies are calling for international donors to stop funding the initiative, which they say has failed to improve productivity, incomes, or food security. (All Africa News)

International News

Ukrainian forces have attacked the Russian-held eastern town of Balakliia in the Kharkiv region, a senior pro-Moscow separatist official said, as Ukrainian officials remained guarded about how a counter-offensive was faring. (Reuters)

Asian stocks finished mostly lower on Wednesday amidst fresh concerns over economic growth in China as well as the renewed Covid curbs in the region (RTT News)

Tanveer Aziz Kingrani was planning to spend August preparing for his term examinations at the University of Sindh. Instead, the 23-year-old aspiring physicist has been camping out in a tent with 18 family members for the past week after his village was completely submerged in floods. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	405,588.00	13,952,923.37	100.00%
ETFs	-	-	0.00%
Total	405,588.00	13,952,923.37	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 13,952,923.37 worth of shares was traded on the NSX on Monday with about N$ 1,732,775 worth of Anglo-American plc and N$       783,732 worth of Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares continue to be allotted by participants as the markets bounce back.
• Shares belonging to Namibia Breweries were traded causing the share price to spike by 6.25%

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	42.50	6.25%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.75	10.75	0.00%
First Rand Namibia	FNB	30.03	30.20	0.57%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.27	0.10%
Letshego	LHN	2.65	2.65	0.00%
Namibia Asset Management	NAM	0.70	0.70	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	7.52	7.52	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	548.34	550.19	0.34%
B2Gold Corporation	B2G	50.84	50.84	0.00%
Oceana Group Limited	OCG	54.51	54.10	-0.75%
Mediclinic International Plc	MEP	99.17	97.86	-1.32%
Truworths	TRW	59.40	57.59	-3.05%
Nedbank Group Limited	NBK	205.90	208.13	1.08%
Standard Bank Group	SNB	155.02	156.21	0.77%
Shoprite Holdings	SRH	232.03	235.25	1.39%
FirstRand Limited	FST	64.97	65.78	1.25%
Momentum Metropolitan Holdings	MMT	16.86	16.86	0.00%
Old Mutual Ltd	OMM	10.74	10.69	-0.47%
Sanlam Limited	SLA	54.11	54.33	0.41%
Santam Limited	SNM	239.50	238.00	-0.63%
Vukile Property Fund Limited	VKN	13.34	13.42	0.60%
Investec Limited	IVD	81.82	81.81	-0.01%
PSG Konsult Limited	KFS	10.50	11.06	5.33%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.55	274.79	-0.28%
New Gold Palladium ETF	NGNPLD	336.81	335.57	-0.37%
New Gold Platinum ETF N	NGNPLT	140.27	141.50	0.88%
New Funds S&P NAM Bond	NFNAMA	17.21	17.24	0.17%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.12
EUR/NAD	17.04
GBP/NAD	19.83
EUR/GBP	0.86
EUR/USD	0.99
GBP/USD	1.15
AUD/USD	0.67
USD/JPY	141.13
Commodities @ 08:00
Gold	1,727.35
Silver	18.17
Platinum	832.15
Palladium	2,052.38
WTI	88.80
Brent	95.25

Table 5: Exchange Rates and Commodities 

Local News

As of tomorrow, motorists will pay N$ 1.20 less per litre of petrol while the price of diesel will decrease by N$0.65per liter.  (Namibian Sun)

Between 150 and 300 new jobs that would have been created through the Trevali Posh Pinah mine expansion have been deferred on later-dated vessels. (New Era Newspaper)

Namibia is expected to finalize a policy on green hydrogen in November to coincide with the 2022 United Nations Climate Change Conference (Cop27). (The Namibian)

Sub-Sahara News

The price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday, the Department of Mineral Resources and Energy announced on Monday (News24)

South African petrochemical firm Sasol SOLJ.J on Friday said it was partnering with Japan’s Itochu Corp 8001.T to explore the development of green hydrogen and green ammonia projects for shipping fuel and power generation. (CNBC Africa)

UNICEF says it is "deeply concerned" after Zimbabwe's health ministry confirmed that nearly 700 children have died from the latest outbreak of measles. A vaccine campaign is underway but faces resistance from anti-vaccine religious groups. (All Africa News)

International News

The U.N. nuclear watchdog is due to issue a report on the Zaporizhzhia nuclear power station in Ukraine on Tuesday, a day after shelling cut its electricity supplies for the second time in two weeks and raised fears of a catastrophe. (Reuters)

Asian stocks ended broadly higher on Tuesday despite a weak lead from Wall Street overnight (RTT News)

Singapore’s LGBTQ community worries a government move to “safeguard” the institution of marriage could perpetuate discrimination in the conservative city-state, even as a colonial-era law criminalizing sex between men is finally repealed. (Aljazeera News)