Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	73,830.00	5,343,485.67	100.00%
ETFs	-	-	0.00%
Total	73,830.00	5,343,485.67	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 5,343,485.67 worth of shares was traded on the NSX on Friday, with N$  24,251 worth of Anglo-American plc shares and N$ 10,550 worth of Capricorn Group Limited shares on the home front. No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares continue to be on a spiral as commodity-linked companies slipped amid fear of recession
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded with a significant change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.01	40.01	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.50	10.55	0.48%
First Rand Namibia	FNB	30.01	30.01	0.00%
Standard Bank Namibia	SNO	4.38	4.38	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	584.00	569.40	-2.50%
B2Gold Corporation	B2G	55.26	56.49	2.23%
Oceana Group Limited	OCG	55.00	54.80	-0.36%
Mediclinic International Plc	MEP	100.34	99.57	-0.77%
Truworths	TRW	59.41	57.68	-2.91%
Nedbank Group Limited	NBK	223.82	215.95	-3.52%
Standard Bank Group	SNB	171.44	165.58	-3.42%
Shoprite Holdings	SRH	240.58	233.92	-2.77%
FirstRand Limited	FST	70.38	67.85	-3.59%
Momentum Metropolitan Holdings	MMT	16.87	16.50	-2.19%
Old Mutual Ltd	OMM	11.55	11.27	-2.42%
Sanlam Limited	SLA	58.17	56.89	-2.20%
Santam Limited	SNM	254.99	251.34	-1.43%
Vukile Property Fund Limited	VKN	14.90	14.80	-0.67%
Investec Limited	IVD	89.98	84.62	-5.96%
PSG Konsult Limited	KFS	11.66	11.70	0.34%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.98	277.42	0.52%
New Gold Palladium ETF	NGNPLD	349.39	350.12	0.21%
New Gold Platinum ETF N	NGNPLT	149.12	147.37	-1.17%
New Funds S&P NAM Bond	NFNAMA	17.16	17.12	-0.23%

Table 4: ETFs

Exchange Rates
USD/NAD	17.03
EUR/NAD	17.08
GBP/NAD	20.14
EUR/GBP	0.84
EUR/USD	1.00
GBP/USD	1.18
AUD/USD	0.68
USD/JPY	137.24
Commodities
Gold	1,755.20
Silver	18.90
Platinum	883.65
Palladium	2,136.02
WTI	88.88
Brent	95.09

Table 5: Exchange Rates and Commodities 

Local News

Financial technologies (FinTech) play a crucial role in the rapidly changing economic and financial landscape. The non-banking financial institutions' regulator, the Namibia Financial Institutions Supervisory Authority (NAMFISA) received 29 applications from innovators from across the country spanning other sectors of the economy    (Namibian Sun)

The City of Windhoek municipality has refused to budge and will continue with its 5G aspirations (New Era Newspaper)

Namibia Wildlife Resorts (NWR) says it is concerned about the increasing number of robberies, mostly of tourists visiting Namibia (The Namibian)

Sub-Sahara News

The City of Cape Town has pledged to start issuing operating permits to e-hailing drivers on Uber and Bolt in early 2023 - before the planned date of end-2023 (News24)

Nigeria is cracking down on unregistered online money lenders who provide short-term loans without security at high interest, the consumer protection agency said, adding it had asked Google to remove some lenders’ apps from its play store (CNBC Africa)

The South African citrus industry, which employs more than 140,000 workers and generates about R30 billion in export revenue, is under threat after the EU suddenly introduced measures SA says are unjustified, disruptive to trade, and impossible to implement. (All Africa News)

International News

Taiwan wants to ensure its partners have a reliable supplier of semiconductors, or "democracy chips", President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China's threats mean fellow democracies have to cooperate. (Reuters)

Asian stocks ended broadly higher on Monday as investors reacted to economic data from the United States, China, and Japan (RTT News)

Japanese Prime Minister Fumio Kishida has canceled planned trips to Africa and the Middle East after testing positive for COVID-19. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	707,085.00	26,390,570.24	100.00%
ETFs	-	-	0.00%
Total	707,085.00	26,390,570.24	100.00

Table 1: NSX Trades

NSX Activities

A total of N$ 26,390,570.24 worth of shares was traded on the NSX on Thursday with N$  2,060,355 worth of Anglo-American plc and N$  245,937 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were has been on a downward trend amid the performance of an overall index
• On the local NSX listing, shares belonging to SBN Holdings Ltd 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	40.01	40.01	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.50	10.50	0.00%
First Rand Namibia	FNB	30.01	30.01	0.00%
Standard Bank Namibia	SNO	4.38	4.38	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	569.47	584.00	2.55%
B2Gold Corporation	B2G	56.55	55.26	-2.28%
Oceana Group Limited	OCG	54.60	55.00	0.73%
Mediclinic International Plc	MEP	99.55	100.34	0.79%
Truworths	TRW	60.00	59.41	-0.98%
Nedbank Group Limited	NBK	223.12	223.82	0.31%
Standard Bank Group	SNB	171.74	171.44	-0.17%
Shoprite Holdings	SRH	240.93	240.58	-0.15%
FirstRand Limited	FST	70.05	70.38	0.47%
Momentum Metropolitan Holdings	MMT	16.83	16.87	0.24%
Old Mutual Ltd	OMM	11.57	11.55	-0.17%
Sanlam Limited	SLA	58.59	58.17	-0.72%
Santam Limited	SNM	254.10	254.99	0.35%
Vukile Property Fund Limited	VKN	14.83	14.90	0.47%
Investec Limited	IVD	89.10	89.98	0.99%
PSG Konsult Limited	KFS	11.90	11.66	-2.02%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.80	275.98	0.43%
New Gold Palladium ETF	NGNPLD	346.67	349.39	0.78%
New Gold Platinum ETF N	NGNPLT	149.22	149.12	-0.07%
New Funds S&P NAM Bond	NFNAMA	17.20	17.16	-0.23%

Table 4: ETFs

Exchange Rates
USD/NAD	16.91
EUR/NAD	17.05
GBP/NAD	20.15
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.19
AUD/USD	0.69
USD/JPY	136.32
Commodities
Gold	1,768.70
Silver	19.25
Platinum	901.70
Palladium	2,149.00
WTI	89.88
Brent	95.97

Table 5: Exchange Rates and Commodities 

Local News

Acting minister of public enterprises Iipumbu Shiimi has refused to accept the resignation of TransNamib board chairperson Lionel Matthews  (Namibian Sun)

Government hostels across the country are at the risk of running out of food after the Central Procurement Board of Namibia’s review panel awarded suspended the contract awarded to four food supply companies, and ordered the tendering process to start afresh (New Era Newspaper)

Veld fires around Windhoek have ravaged 2000 hectares of land in the last three days (The Namibian)

Sub-Sahara News

Deputy President David Mabuza warned that total debt owed to Eskom by municipalities surged by nearly R5 billion in four months up to July. (News24)

Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the session released Wednesday. (CNBC Africa)

The Azimio team led by their Presidential candidate Raila Odinga and his running mate Martha Karua on Thursday committed to pursuing legal means to resolve the presidential election dispute, during a meeting with the congressional delegation of the US Senate and House of Representatives. (All Africa News)

International News

A U.S. judge on Thursday said he is leaning toward releasing some of the evidence presented by the U.S. Justice Department to justify its search of Donald Trump's Florida home last week, in a case pitting news organizations against federal prosecutors. (Reuters)

Asian stocks ended mixed on Friday, with Japanese markets posting strong gains in a catch-up rally following a holiday on Thursday (RTT News)

Most of the Russian servicemen sitting in and atop 34 armed personnel carriers that rolled into Bucha on February 27 were ethnic Chechens, according to Ukrainian military leaders and government officials. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	266,524.00	7,482,797.28	100.00%
ETFs	-	-	0.00%
Total	266,524.00	7,482,797.28	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 7,482,797.28 worth of shares was traded on the NSX on Wednesday with N$ 1,180,059 worth of Anglo-American plc and N$  371,374 worth of FirstRand Namibia on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were traded on the dual listed resulting in a decline in share price at closing
• On the local NSX listing, shares belonging FirstRand Namibia were traded with a slight increase in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.01	40.01	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.50	10.50	0.00%
First Rand Namibia	FNB	30.00	30.01	0.03%
Standard Bank Namibia	SNO	4.37	4.38	0.23%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	597.25	569.47	-4.65%
B2Gold Corporation	B2G	56.39	56.55	0.28%
Oceana Group Limited	OCG	55.11	54.60	-0.93%
Mediclinic International Plc	MEP	98.55	99.55	1.01%
Truworths	TRW	57.26	60.00	4.79%
Nedbank Group Limited	NBK	221.66	223.12	0.66%
Standard Bank Group	SNB	173.57	171.74	-1.05%
Shoprite Holdings	SRH	238.31	240.93	1.10%
FirstRand Limited	FST	70.40	70.05	-0.50%
Momentum Metropolitan Holdings	MMT	16.97	16.83	-0.82%
Old Mutual Ltd	OMM	11.59	11.57	-0.17%
Sanlam Limited	SLA	58.92	58.59	-0.56%
Santam Limited	SNM	258.38	254.10	-1.66%
Vukile Property Fund Limited	VKN	15.01	14.83	-1.20%
Investec Limited	IVD	90.77	89.10	-1.84%
PSG Konsult Limited	KFS	11.60	11.90	2.59%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.31	274.80	0.91%
New Gold Palladium ETF	NGNPLD	343.19	346.67	1.01%
New Gold Platinum ETF N	NGNPLT	149.17	149.22	0.03%
New Funds S&P NAM Bond	NFNAMA	17.25	17.20	-0.29%

Table 4: ETFs

Exchange Rates
USD/NAD	16.40
EUR/NAD	16.68
GBP/NAD	19.85
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.21
AUD/USD	0.70
USD/JPY	133.31
Commodities
Gold	1,775.25
Silver	19.55
Platinum	911.65
Palladium	2,138.00
WTI	87.94
Brent	93.58

Table 5: Exchange Rates and Commodities 

Local News

With about 58% of Namibians experiencing moderate or severe food insecurity, as indicated by the United Nations Food and Agriculture Organization (FAO) report (Namibian Sun)

Caprivi Concerned Group (CCG) has dragged Botswana president and his defense chief to the International Criminal Court over the killing of four fishermen in 2020, by Botswana Defence Force (BDF) (New Era Newspaper)

The 75 basis point increase in the repo rate announced yesterday will further pile pressure on Namibian businesses and individuals who by June this year had borrowed N$115 billion, and will now have to fork out more on their monthly loan repayments (The Namibian)

Sub-Sahara News

Transport Fikile Mbalula has shut down speculation about a possible raise in the fuel levy to fund e-tolls in Gauteng as "alarmist" and "rumor-mongering". (News24)

Workers at the Transmission Company of Nigeria (TCN) have suspended a strike that began on Wednesday and caused a nationwide blackout, a workers union official said after a meeting with the government. (CNBC Africa)

The Director-General of the World Health Organization (WHO) on Wednesday highlighted the need to support millions facing starvation and disease in the Horn of Africa(All Africa News)

International News

The United States and Taiwan have agreed to start trade talks under a new initiative to reach agreements with "economically meaningful outcomes", with a Taiwan official saying China's "economic coercion" would also be discussed. (Reuters)

European shares were little changed on Thursday as earnings proved to be a mixed bag and German government bond yields crept higher, echoing moves in the U.S (RTT News)

Most of the Russian servicemen sitting in and atop 34 armed personnel carriers that rolled into Bucha on February 27 were ethnic Chechens, according to Ukrainian military leaders and government officials. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	221,638.00	18,294,535.79	97.40%
ETFs	3,300.00	487,773.00	2.60%
Total	224,938.00	18,782,308.79	100.00

Table 1: NSX Trades

NSX Activities

A total of N$ 18,294,535.79 worth of shares was traded on the NSX on Tuesday with N$ 6,442,425 worth of Anglo-American plc and N$ 328,980 worth of FirstRand Namibia on the home front. ETFs worth N$ 487,773.00 were traded on Tuesday

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American shares were traded on the dual listed resulting in an increase in share price at closing
• On the local NSX listing, shares belonging FirstRand Namibia were traded with no change in share price
• New Gold Platinum ETF N was subscribed by market participants resulting in an increase in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.01	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.50	10.50	0.00%
First Rand Namibia	FNB	29.76	30.00	0.81%
Standard Bank Namibia	SNO	4.37	4.37	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	572.39	597.25	4.34%
B2Gold Corporation	B2G	57.43	56.39	-1.81%
Oceana Group Limited	OCG	54.07	55.11	1.92%
Mediclinic International Plc	MEP	98.34	98.55	0.21%
Truworths	TRW	57.10	57.26	0.28%
Nedbank Group Limited	NBK	219.60	221.66	0.94%
Standard Bank Group	SNB	172.08	173.57	0.87%
Shoprite Holdings	SRH	240.80	238.31	-1.03%
FirstRand Limited	FST	69.55	70.40	1.22%
Momentum Metropolitan Holdings	MMT	16.50	16.97	2.85%
Old Mutual Ltd	OMM	11.52	11.59	0.61%
Sanlam Limited	SLA	58.59	58.92	0.56%
Santam Limited	SNM	252.63	258.38	2.28%
Vukile Property Fund Limited	VKN	14.46	15.01	3.80%
Investec Limited	IVD	90.20	90.77	0.63%
PSG Konsult Limited	KFS	11.81	11.60	-1.78%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.23	272.31	0.03%
New Gold Palladium ETF	NGNPLD	340.26	343.19	0.86%
New Gold Platinum ETF N	NGNPLT	147.84	149.17	0.90%
New Funds S&P NAM Bond	NFNAMA	17.28	17.25	-0.17%

Table 4: ETFs

Exchange Rates
USD/NAD	16.40
EUR/NAD	16.68
GBP/NAD	19.85
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.21
AUD/USD	0.70
USD/JPY	133.31
Commodities
Gold	1,792.75
Silver	20.17
Platinum	935.25
Palladium	2,156.77
WTI	87.48
Brent	93.25

Table 5: Exchange Rates and Commodities 

Local News

President Hage Geingob arrives in Kinshasa, Democratic Republic of Congo for the SADC Organ Troika summit held last night (Namibian Sun)

A Rundu-based lawyer has been suspended from practicing pending a disciplinary inquiry into allegations of unethical and unprofessional conduct. (New Era Newspaper)

The German government splashed about N$500 million on four Namibian green hydrogen pilot projects, with TransNamib, the University of Namibia (UNAM), the Namibian Ports Authority (Namport), and the Ohlthaver & List Group as some beneficiaries (The Namibian)

Sub-Sahara News

Nigeria has appointed Aliko Dangote, Africa’s richest man, to lead a committee commissioned with eliminating malaria in the West African nation as the mosquito-borne infection has made a comeback across the continent amid disruptions related to the coronavirus pandemic. (News24)

Uganda said on Tuesday a hydropower plant representing some 15% of its electricity generating capacity had been put under an emergency shutdown due to “operational challenges”, cutting the supply of power to the country’s grid (CNBC Africa)

An outbreak of measles in Zimbabwe has killed at least 157 children with the death toll nearly doubling in just under a week, the government said on Tuesday. (All Africa News)

International News

Australia's former prime minister Scott Morrison said on Wednesday he decided to be secretly sworn into five key ministries during the pandemic because he felt the responsibility for the nation was his alone. (Reuters)

Asian stocks fell on Wednesday, as risk appetite remained in check ahead of key U.S. inflation data due out later in the day that could offer clues on the Fed's next move on interest rates (RTT News)

Failing to subdue resistance across Myanmar, military government chief Min Aung Hlaing is resorting to increasingly desperate measures to cling to power, firing senior ministers and military officers, and purging business cronies (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	9,148,365.02	9,148,365.02	94.41%
ETFs	1,992.00	541,306.08	5.59%
Total	9,150,357.02	9,689,671.10	100.00

Table 1: NSX Trades

NSX Activities

A total of N$ 9,148,365.02 worth of shares was traded on the NSX on Monday, with N$   1,771,033 worth of Anglo-American plc and N$    126,000 worth of Capricorn Group Limited on the home front. ETFs worth N$ 541,306.08  were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American shares were traded on the dual listed resulting in a decline in share price at closing
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded with no change in share price
• New Gold Issuer Ltd NM ETF was subscribed by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.50	10.50	0.00%
First Rand Namibia	FNB	29.76	29.76	0.00%
Standard Bank Namibia	SNO	4.37	4.37	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	579.20	572.39	-1.18%
B2Gold Corporation	B2G	56.26	57.43	2.08%
Oceana Group Limited	OCG	53.55	54.07	0.97%
Mediclinic International Plc	MEP	97.57	98.34	0.79%
Truworths	TRW	55.99	57.10	1.98%
Nedbank Group Limited	NBK	217.85	219.60	0.80%
Standard Bank Group	SNB	169.69	172.08	1.41%
Shoprite Holdings	SRH	244.91	240.80	-1.68%
FirstRand Limited	FST	68.32	69.55	1.80%
Momentum Metropolitan Holdings	MMT	16.45	16.50	0.30%
Old Mutual Ltd	OMM	11.76	11.52	-2.04%
Sanlam Limited	SLA	58.29	58.59	0.51%
Santam Limited	SNM	252.02	252.63	0.24%
Vukile Property Fund Limited	VKN	14.46	15.06	4.15%
Investec Limited	IVD	91.03	90.20	-0.91%
PSG Konsult Limited	KFS	12.45	11.81	-5.14%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	271.63	272.23	0.22%
New Gold Palladium ETF	NGNPLD	353.64	340.26	-3.78%
New Gold Platinum ETF N	NGNPLT	149.37	147.84	-1.02%
New Funds S&P NAM Bond	NFNAMA	17.40	17.28	-0.69%

Table 4: ETFs

Exchange Rates
USD/NAD	16.43
EUR/NAD	16.69
GBP/NAD	19.79
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.21
AUD/USD	0.70
USD/JPY	133.31
Commodities
Gold	1,797.40
Silver	20.53
Platinum	931.00
Palladium	2,151.50
WTI	88.92
Brent	94.30

Table 5: Exchange Rates and Commodities 

Local News

Twelve cleaners from the justice ministry - who lost their jobs after their contract ended in April - have been permanently employed in grade 15 as government cleaners. (Namibian Sun)

Three entrepreneurs from Keetmanshoop last week won their share of N$85 000 through the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative. (New Era Newspaper)

SWAPO parliamentarian and central committee member Tobie Aupindi says infighting within the ruling party ahead of its upcoming elective congress has reached toxic levels, as members jostle for positions and to be delegated to elect top leaders. (The Namibian)

Sub-Sahara News

Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half year in which profit rocketed on the back of strong export coal prices. (News24)

Kenya’s elections chief declared Deputy President William Ruto the winner of a tight presidential race on Monday but, amid chaotic scenes, four other senior election officials said the week-long count was too opaque and disowned the result. (CNBC Africa)

A hotel employee at the Kruger National Park has accused Finance Minister Enoch Godongwana of sexual assault, Eye Witness News reports. The minister said that he was with his wife at the time of the alleged incident and that the allegations were baseless. The incident allegedly took place on August 9, 2022, Women's Day. The minister is yet to be charged. (All Africa News)

International News

Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies. (Reuters)

European stocks inched higher on Monday, as investors mulled disappointing Chinese data and awaited the minutes of the Federal Reserve's July meeting due on Wednesday for clues on the size of the next rate hike. (RTT News)

China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	31,440.00	9,926,567.30	100.00%
ETFs	-	-	0.00%
Total	31,440.00	9,926,567.30	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$  9,926,567.30 worth of shares was traded on the NSX on Friday, with N$  8,745,450 worth of Anglo-American plc and N$   200,001 worth of Namibia Breweries on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American  shares were traded on the dual listed resulting in a decline in share price at closing
• On the local NSX listing, shares belonging to Namibia Breweries 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	40.02	40.00	-0.05%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	10.50	10.50	0.00%
First Rand Namibia	FNB	29.76	29.76	0.00%
Standard Bank Namibia	SNO	4.37	4.37	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	12.99	13.00	0.08%
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	603.82	579.20	-4.08%
B2Gold Corporation	B2G	57.46	56.26	-2.09%
Oceana Group Limited	OCG	52.75	53.55	1.52%
Mediclinic International Plc	MEP	98.11	97.57	-0.55%
Truworths	TRW	55.34	55.99	1.17%
Nedbank Group Limited	NBK	218.41	217.85	-0.26%
Standard Bank Group	SNB	169.69	169.69	0.00%
Shoprite Holdings	SRH	241.00	244.91	1.62%
FirstRand Limited	FST	68.32	68.32	0.00%
Momentum Metropolitan Holdings	MMT	16.12	16.45	2.05%
Old Mutual Ltd	OMM	11.87	11.76	-0.93%
Sanlam Limited	SLA	58.08	58.29	0.36%
Santam Limited	SNM	252.02	252.02	0.00%
Vukile Property Fund Limited	VKN	14.46	14.46	0.00%
Investec Limited	IVD	89.64	91.03	1.55%
PSG Konsult Limited	KFS	12.05	12.45	3.32%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	271.40	271.63	0.08%
New Gold Palladium ETF	NGNPLD	358.30	353.64	-1.30%
New Gold Platinum ETF N	NGNPLT	150.86	149.37	-0.99%
New Funds S&P NAM Bond	NFNAMA	17.36	17.40	0.23%

Table 4: ETFs

Exchange Rates
USD/NAD	16.24
EUR/NAD	16.63
GBP/NAD	19.67
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.21
AUD/USD	0.70
USD/JPY	133.25
Commodities
Gold	1,807.85
Silver	20.57
Platinum	952.00
Palladium	2,206.02
WTI	91.09
Brent	97.06

Table 5: Exchange Rates and Commodities 

Local News

Swapo’s performance in the recently held Swakopmund by-elections is an indication that the party is losing its grip in the coastal areas. (Namibian Sun)

Bargaining union Namibia Transport and Allied Workers Union (Natau) says the results of a TransNamib workers’ nationwide strike vote will be released today (New Era Newspaper)

The Ministry of Industrialization, Trade, and SME Development have embarked on a campaign to promote the production and sale of charcoal, as part of implementing its Growth at Home Strategy. (The Namibian)

Sub-Sahara News

The Police Prisons and Civil Rights Union (Popcru) will march to the Union Buildings in September in protest against the government's 2% wage offer at the public service wage talks (News24)

The U.K. economy contracted in the second quarter of 2022, as the country’s cost-of-living crisis hit home. (CNBC Africa)

Egypt's health ministry says that 41 people were killed when a fire broke out in a Coptic church in the densely populated Cairo suburb of Imbaba. Witnesses say the fire started following a short circuit in an air conditioning unit. (All Africa News)

International News

Ukrainian forces reported heavy Russian shelling and attempts to advance on several towns in the eastern region of Donetsk that have become a key focus of the near six-month war, but said they had repelled many of the attacks. (Reuters)

Asian stocks ended mixed on Monday a stronger-than-expected U.S. jobs report rekindled concerns over aggressive rate hikes by the Federal Reserve and Chinese imports data disappointed, highlighting weak domestic demand. U.S.-China tensions over Taiwan (RTT News)

China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	74,993.00	7,747,123.49	100.00%
ETFs	-	-	0.00%
Total	74,993.00	7,747,123.49	100.00

Table 1: NSX Trades

NSX Activities

A total of N$ 7,747,123.49 worth of shares was traded on the NSX on Wednesday with N$ 5,452,167 worth of Anglo-American and N$ 194,578 worth 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 plc shares were traded on the JSE resulting in a decline in the share price at closing
• On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded with a slight increase of N$ 0.01

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.01	40.02	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.01	11.01	0.00%
First Rand Namibia	FNB	29.76	29.76	0.00%
Standard Bank Namibia	SNO	4.37	4.37	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.46	2.46	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	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.51	7.52	0.01%
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	594.51	585.42	-1.53%
B2Gold Corporation	B2G	58.22	58.80	1.00%
Oceana Group Limited	OCG	49.50	51.48	4.00%
Mediclinic International Plc	MEP	99.69	98.09	-1.60%
Truworths	TRW	52.05	53.43	2.65%
Nedbank Group Limited	NBK	217.46	216.49	-0.45%
Standard Bank Group	SNB	167.78	167.22	-0.33%
Shoprite Holdings	SRH	229.33	235.90	2.86%
FirstRand Limited	FST	67.27	67.45	0.27%
Momentum Metropolitan Holdings	MMT	15.60	15.65	0.32%
Old Mutual Ltd	OMM	11.51	11.45	-0.52%
Sanlam Limited	SLA	56.50	56.62	0.21%
Santam Limited	SNM	253.40	254.00	0.24%
Vukile Property Fund Limited	VKN	14.22	14.25	0.21%
Investec Limited	IVD	91.49	90.37	-1.22%
PSG Konsult Limited	KFS	11.85	11.83	-0.17%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	276.94	271.39	-2.00%
New Gold Palladium ETF	NGNPLD	361.51	350.81	-2.96%
New Gold Platinum ETF N	NGNPLT	150.93	148.39	-1.68%
New Funds S&P NAM Bond	NFNAMA	17.13	17.25	0.70%

Table 4: ETFs

Exchange Rates
USD/NAD	16.21
EUR/NAD	16.69
GBP/NAD	19.79
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.21
AUD/USD	0.70
USD/JPY	133.00
Commodities
Gold	1,802.25
Silver	20.43
Platinum	949.00
Palladium	2,237.00
WTI	92.02
Brent	97.52

Table 5: Exchange Rates and Commodities 

Local News

The Road Fund Administration (RFA) has concluded a study on the feasibility of implementing a tolling system and said data shows Namibia has sufficient traffic flows to support it. (Namibian Sun)

TransNamib and Alliance Media are locked in mediation after the railway company sued the advertising agency for failing to pay for advertising spaces. (New Era Newspaper)

The bulk of the budget for the Ministry of International Relations has been spent on its 34 missions, including four consulates. (The Namibian)

Sub-Sahara News

Aspen Pharmacare will stop making Covid-19 vaccines at its Gqeberha plant in South Africa from the end of this month due to a lack of orders, a senior executive said, further undermining Africa's already meagre capacity to produce doses. (News24)

Ugandan IT student Andrew Njuki spent years hunched over English-language textbooks, often grappling with material that would have been easier to grasp in his mother tongue Luganda. (CNBC Africa)

At the time of publication, the Daily Nation, one of Kenya's highest circulation newspapers, had Ruto leading with 51% and Odinga with 48%. The other two candidates -- George Wajackoyah and David Waihiga -- had not managed to get past 1%. (All Africa News)

International News

China and South Korea clashed on Thursday over a U.S. missile defense shield, threatening to undermine efforts by the new government in Seoul to overcome longstanding security differences. (Reuters)

Asian stocks ended mostly higher on Thursday as encouraging U.S. data and earnings helped ease recession concerns. (RTT News)

Former US President Donald Trump has said that he refused to answer questions under oath during an appearance before the New York state attorney general in an investigation into his business dealings. (Aljazeera News)