Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,485,325.00	102,489,945.25	100.00%
ETFs	-	-	0.00%
Total	1,485,325.00	102,489,945.25	100.00

Table 1: NSX Trades

NSX Activities

A total of N$ 102,489,945.25 worth of shares was traded on the NSX on Tuesday, with about N$ 14,048,641 worth of Anglo-American plc and N$     1,057,448 worth of Letshego Holdings on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price increased resulting in a huge sum of subscriptions by investors
• On the local NSX listing, shares belonging to Letshego Holdings were traded with an increase in share price by 8.2% at closing.

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	11.02	11.02	0.00%
First Rand Namibia	FNB	30.47	30.47	0.00%
Standard Bank Namibia	SNO	4.30	4.24	-1.40%
Oryx Limited	ORY	10.25	10.25	0.00%
Letshego	LHN	2.45	2.65	8.16%
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	7.52	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	552.03	562.75	1.94%
B2Gold Corporation	B2G	54.64	54.22	-0.77%
Oceana Group Limited	OCG	50.00	51.50	3.00%
Mediclinic International Plc	MEP	96.11	97.60	1.55%
Truworths	TRW	48.13	52.80	9.70%
Nedbank Group Limited	NBK	210.95	212.38	0.68%
Standard Bank Group	SNB	155.78	157.55	1.14%
Shoprite Holdings	SRH	209.36	219.22	4.71%
FirstRand Limited	FST	64.56	65.30	1.15%
Momentum Metropolitan Holdings	MMT	14.55	14.64	0.62%
Old Mutual Ltd	OMM	11.34	11.45	0.97%
Sanlam Limited	SLA	54.81	55.12	0.57%
Santam Limited	SNM	240.25	249.73	3.95%
Vukile Property Fund Limited	VKN	14.17	14.18	0.07%
Investec Limited	IVD	85.94	86.72	0.91%
PSG Konsult Limited	KFS	11.15	11.20	0.45%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	268.82	271.00	0.81%
New Gold Palladium ETF	NGNPLD	325.51	328.54	0.93%
New Gold Platinum ETF N	NGNPLT	140.94	143.23	1.62%
New Funds S&P NAM Bond	NFNAMA	17.00	16.93	-0.41%

Table 4: ETFs

Exchange Rates
USD/NAD	16.89
EUR/NAD	17.13
GBP/NAD	20.36
EUR/GBP	0.84
EUR/USD	1.01
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	136.95
Commodities
Gold	1,717.55
Silver	18.56
Platinum	865.50
Palladium	2,015.50
WTI	93.77
Brent	100.29

Table 5: Exchange Rates and Commodities 

Local News

Labor minister Utooni Nujoma and his education counterpart Anna Nghipondoka have voiced concerns over a national shutdown emanating from a possible strike by civil servants across all industries, with the latter telling teachers to “think about the children”. (Namibian Sun)

A local fish trader, who allegedly squandered over N$2 million within two months, now faces the full wrath of the law after alleged dealings landed him in jail. (New Era Newspaper)

Opportunities are increasing for Namibia to position itself as an alternative logistics gateway for Southern African Development Community countries, but a lack of government officials and short operating hours have led to congestion at the borders. (The Namibian)

Sub-Sahara News

The National Union of Metalworkers of South Africa's (Numsa) special central committee (SCC) meeting on Tuesday resolved to appeal the Labour Court's interdict against the union's controversial congress this week and decided that the event would proceed on Wednesday (News24)

Ugandan President Yoweri Museveni said on Tuesday he saw no reason to criticize Russia over the invasion of Ukraine, extolling Russian-African friendship in remarks that will have delighted his visitor, Russia’s Foreign Minister Sergei Lavrov. (CNBC Africa)

As of July 26, 2022, confirmed cases of Covid-19 from 55 African countries reached  12,055,243 while  353,449,054 vaccinations have been administered across the continent. (All Africa News)

International News

Australian inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and energy costs explode, stoking speculation interest rates will need to more than double to bring the outbreak under control. (Reuters)

Asian stocks posted strong gains on Wednesday after Wall Street rallied to its best day in more than three weeks overnight, helped by reasonably healthy corporate earnings (RTT News)

Taipei, Taiwan, and Kuala Lumpur, Malaysia – More than a decade after the Fukushima disaster shattered confidence in nuclear power, Asia is undergoing a nuclear renaissance. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,560,709.00	231,405,066.28	100.00%
ETFs	-	-	0.00%
Total	2,560,709.00	231,405,066.28	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 231,405,066.28 worth of shares was traded on the NSX on Monday, with about N$   2,960,580 worth of Anglo-American plc and N$    265,390   worth of Oryx Properties Limited on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price increased resulting in a huge sum of subscriptions by investors
• On the local NSX listing, shares belonging to Oryx Properties Limited declined for the first time signaling the end of its bullish trend as shares were sold off at closing yesterday.

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	11.03	11.02	-0.09%
First Rand Namibia	FNB	30.46	30.47	0.03%
Standard Bank Namibia	SNO	4.30	4.30	0.00%
Oryx Limited	ORY	10.27	10.25	-0.19%
Letshego	LHN	2.45	2.45	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	7.52	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	542.39	552.03	1.78%
B2Gold Corporation	B2G	55.81	54.64	-2.10%
Oceana Group Limited	OCG	50.00	50.00	0.00%
Mediclinic International Plc	MEP	96.14	96.11	-0.03%
Truworths	TRW	49.11	48.13	-2.00%
Nedbank Group Limited	NBK	212.36	210.95	-0.66%
Standard Bank Group	SNB	156.61	155.78	-0.53%
Shoprite Holdings	SRH	212.69	209.36	-1.57%
FirstRand Limited	FST	65.76	64.56	-1.82%
Momentum Metropolitan Holdings	MMT	14.57	14.55	-0.14%
Old Mutual Ltd	OMM	11.31	11.34	0.27%
Sanlam Limited	SLA	54.36	54.81	0.83%
Santam Limited	SNM	234.82	240.25	2.31%
Vukile Property Fund Limited	VKN	13.90	14.17	1.94%
Investec Limited	IVD	86.09	85.94	-0.17%
PSG Konsult Limited	KFS	11.20	11.15	-0.45%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.44	268.82	-1.33%
New Gold Palladium ETF	NGNPLD	338.63	325.51	-3.87%
New Gold Platinum ETF N	NGNPLT	144.53	140.94	-2.48%
New Funds S&P NAM Bond	NFNAMA	16.93	17.00	0.41%

Table 4: ETFs

Exchange Rates
USD/NAD	16.78
EUR/NAD	17.15
GBP/NAD	20.23
EUR/GBP	0.84
EUR/USD	1.02
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	136.66
Commodities
Gold	1,720.90
Silver	18.40
Platinum	861.23
Palladium	874.00
WTI	98.28
Brent	101.95

Table 5: Exchange Rates and Commodities 

Local News

Post-retirement healthcare provision is costing the City of Windhoek-which has made cumulative losses of N$ 3.2 billion in nine years- N$2.3 million per month, which amounts to N$27 million annually. (Namibian Sun)

Residents in the Zambezi have opted to buy smuggled maize meals from Zambia entering via non-designated border points because it is cheaper than locally produced maize. (New Era Newspaper)

Despite the country experiencing its worst covid-19 wave last year, the tourism industry managed to attract 232,756 tourists (The Namibian)

Sub-Sahara News

On Monday night, President Cyril Ramaphosa announced new emergency measures to deal with South Africa’s electricity crisis. (News24)

Russian Foreign Minister Sergei Lavrov visited the Congo Republic on Monday, the second leg of an African tour aimed at strengthening Moscow’s ties with a continent that has refused to join Western condemnation and sanctions over Russia’s invasion of Ukraine. (CNBC Africa)

As of July 25, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,051,430 while 353,449,054 vaccinations have been administered across the continent. (All Africa News)

International News

President Donald Trump crossed out sentences that distanced him from the rioters who attacked the U.S. Capitol on Jan. 6, 2021, and refused to call for their prosecution in a draft of a speech he delivered the next day, congressional testimony showed on Monday. (Reuters)

Asian stocks ended mostly lower on Tuesday as investors fretted about the earnings outlook in the face of economic and financial challenges. (RTT News)

Pope Francis has apologized to Indigenous people in Canada for the “evil” of residential schools, the church-run, forced-assimilation institutions that First Nation, Inuit, and Metis children were forced to attend for decades. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	15,421,431.00	685,847,209.91	99.95%
ETFs	1,345.00	366,620.10	0.05%
Total	15,422,776.00	686,213,830.01	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$  685,847,209 worth of shares was traded on the NSX on Friday, with about N$  32,951,813 worth of Anglo-American plc and N$    294,391 worth of Capricorn Group Limited on the home front. ETFs worth N$ 366,620 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price increased resulting in a huge sum of subscriptions by investors
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded with 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	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.02	11.03	0.09%
First Rand Namibia	FNB	30.46	30.46	0.00%
Standard Bank Namibia	SNO	4.20	4.20	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.65	2.45	-7.55%
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	12.99	-0.08%
Mobile Telecommunication Company	MOC	7.75	7.52	-2.97%
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	529.59	542.39	2.42%
B2Gold Corporation	B2G	55.13	55.81	1.23%
Oceana Group Limited	OCG	49.86	50.00	0.28%
Mediclinic International Plc	MEP	97.40	96.14	-1.29%
Truworths	TRW	49.02	49.11	0.18%
Nedbank Group Limited	NBK	216.11	212.36	-1.74%
Standard Bank Group	SNB	156.61	156.61	0.00%
Shoprite Holdings	SRH	210.93	212.69	0.83%
FirstRand Limited	FST	65.76	65.76	0.00%
Momentum Metropolitan Holdings	MMT	14.60	14.57	-0.21%
Old Mutual Ltd	OMM	11.48	11.31	-1.48%
Sanlam Limited	SLA	54.96	54.36	-1.09%
Santam Limited	SNM	237.91	234.82	-1.30%
Vukile Property Fund Limited	VKN	13.90	13.90	0.00%
Investec Limited	IVD	87.00	86.09	-1.05%
PSG Konsult Limited	KFS	11.30	11.20	-0.88%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.43	272.44	0.00%
New Gold Palladium ETF	NGNPLD	305.15	338.63	10.97%
New Gold Platinum ETF N	NGNPLT	142.51	144.53	1.42%
New Funds S&P NAM Bond	NFNAMA	16.82	16.93	0.65%

Table 4: ETFs

Exchange Rates
USD/NAD	16.84
EUR/NAD	17.18
GBP/NAD	20.16
EUR/GBP	0.85
EUR/USD	1.01
GBP/USD	1.19
AUD/USD	0.69
USD/JPY	136.44
Commodities
Gold	1,722.40
Silver	18.46
Platinum	861.23
Palladium	1,970.03
WTI	93.77
Brent	97.49

Table 5: Exchange Rates and Commodities 

Local News

Health Minister Dr. Kalumbi Shangula has blamed the colonial political system among other factors, for widespread mental health disorders and related problems in Namibia. (Namibian Sun)

The Walvis Bay town council has allocated 40% of its total capital budget for land development projects. (New Era Newspaper)

Canadian company Osino Resources, which is listed on the Toronto Exchange, has acquired the Ondundu gold exploration property in Namibia for US$ 15.2 million (N$243.2 million) from B2Gold, in its efforts to become Namibia’s “next gold mining champion”. (The Namibian)

Sub-Sahara News

The National Union of Metalworkers of South Africa's leadership (Numsa) is set to hold a special central committee (SCC) meeting in Cape Town on Tuesday after the Labour Court in Johannesburg interdicted the union's national congress from taking place this week. (News24)

The U.S. development agency USAID on Friday said it would give Kenya $255 million in emergency assistance to tackle the severe drought. (CNBC Africa)

The World Food Programme has warned that the global fertilizer shortage could wipe $11bn off Africa’s food production value this year and create a catastrophic decline in output. (All Africa News)

International News

Ukraine forged ahead with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but warned deliveries would suffer if a Russian missile strike on Odesa was a sign of more to come. (Reuters)

Asian stocks advanced on Monday after U.S. stocks ended several days of sell-offs with a sharp rebound on Friday (RTT News)

Myanmar’s military government has executed four anti-coup activists, including a close ally of Nobel Peace Prize laureate Aung San Suu Kyi, drawing widespread condemnation and outrage. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,321,734	101,160,633	100.00%
ETFs	-	-	0.00%
Total	2,321,734	101,160,633	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 101,160,633 worth of shares was traded on the NSX on Thursday with about N$ 1,995,615 worth of Anglo-American plc and N$   166,292 worth of Capricorn Group Limited on the home front. No ETFs were traded on Thursday

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price declined as the market faced another aggressive bear condition.
• On the local NSX listing, 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	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.02	11.02	0.00%
First Rand Namibia	FNB	30.47	30.46	-0.03%
Standard Bank Namibia	SNO	4.20	4.20	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	0.70	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	7.51	7.75	3.20%
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	540.86	529.59	-2.08%
B2Gold Corporation	B2G	55.90	55.13	-1.38%
Oceana Group Limited	OCG	48.66	49.86	2.47%
Mediclinic International Plc	MEP	96.80	97.40	0.62%
Truworths	TRW	48.30	49.02	1.49%
Nedbank Group Limited	NBK	209.64	216.11	3.09%
Standard Bank Group	SNB	153.65	156.61	1.93%
Shoprite Holdings	SRH	203.87	210.93	3.46%
FirstRand Limited	FST	63.91	65.76	2.89%
Momentum Metropolitan Holdings	MMT	14.60	14.60	0.00%
Old Mutual Ltd	OMM	11.26	11.48	1.95%
Sanlam Limited	SLA	53.87	54.96	2.02%
Santam Limited	SNM	239.78	237.91	-0.78%
Vukile Property Fund Limited	VKN	13.70	13.90	1.46%
Investec Limited	IVD	85.22	87.00	2.09%
PSG Konsult Limited	KFS	11.10	11.30	1.80%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.82	272.43	-0.14%
New Gold Palladium ETF	NGNPLD	309.49	305.15	-1.40%
New Gold Platinum ETF N	NGNPLT	142.96	142.51	-0.31%
New Funds S&P NAM Bond	NFNAMA	16.69	16.82	0.78%

Table 4: ETFs

Exchange Rates
USD/NAD	17.10
EUR/NAD	17.52
GBP/NAD	20.57
EUR/GBP	0.85
EUR/USD	1.02
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	138.05
Commodities
Gold	1,712.85
Silver	18.67
Platinum	859.50
Palladium	1,887.78
WTI	97.31
Brent	104.91

Table 5: Exchange Rates and Commodities 

Local News

A total of 227 building plans worth N$398.2 million was approved by the City of Windhoek (CoW) in June 2022. (Namibian Sun)

Over 100 workers of the Cheetah Cement factory at Otjiwarongo Embarked on a strike for better pay yesterday, while the company has threatened retrenchments and reminded workers that they will not be paid during a strike. (New Era Newspaper)

The private shareholder in Total Namibia’s recent Namibia oil discovery has announced that it is raising over N$ 1 billion (US$60 million) to fund further work on the discovery  (The Namibian)

Sub-Sahara News

This brings the repo to 5.5% and the prime rate to 9%. Three members of the monetary policy committee supported the hike, while one wanted 100 basis points and another preferred a 50 basis point hike. (News24)

The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the eurozone. (CNBC Africa)

The Stop TB Partnership hosted a media briefing on July 6, 2022, to launch the Global Plan to End TB 2023-2030 (Global Plan), a detailed strategy to finally put an end to the world's oldest pandemic. (All Africa News)

International News

Russia and Ukraine will sign a deal on Friday to reopen Ukraine's Black Sea ports to grain exports, Turkey said, raising hopes that an international food crisis caused by Russia's invasion could be eased. (Reuters)

European stocks are seen opening on a positive note Friday as worries surrounding aggressive Fed tightening eased. (RTT News)

Japan’s defense ministry has said it is alarmed at new threats from Russia and has growing worries about Taiwan, in an annual defense report that comes as Tokyo weighs an unprecedented rise in military spending. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	15,547,392	836,340,988	99.99%
ETFs	393	107,026	0.01%
Total	15,547,785	836,448,014	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 836,340,988 worth of shares was traded on the NSX on Wednesday with about N$  41,187,906 worth of Momentum Metropolitan Holdings and N$  149,354 worth of Capricorn Group Limited on the home front. ETFs worth N$ 107,026 were traded on Wednesday

HEI Equity Research Commentary

From the trading activity that took place:

• Momentum Metropolitan’s share price declined as the market faced another aggressive bear condition
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded with no change in share price at closing
• New Gold Issuer Ltd NM ETF was traded on the secondary bourse resulting in a sell-off in one transaction.

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	11.01	11.01	0.00%
First Rand Namibia	FNB	30.48	30.47	-0.03%
Standard Bank Namibia	SNO	4.20	4.20	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	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.90	12.90	0.00%
Mobile Telecommunication Company	MOC	7.51	7.51	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	544.57	540.86	-0.68%
B2Gold Corporation	B2G	54.89	55.90	1.84%
Oceana Group Limited	OCG	47.15	48.66	3.20%
Mediclinic International Plc	MEP	96.30	96.80	0.52%
Truworths	TRW	49.15	48.30	-1.73%
Nedbank Group Limited	NBK	209.73	209.64	-0.04%
Standard Bank Group	SNB	154.70	153.65	-0.68%
Shoprite Holdings	SRH	206.34	203.87	-1.20%
FirstRand Limited	FST	63.80	63.91	0.17%
Momentum Metropolitan Holdings	MMT	14.71	14.60	-0.75%
Old Mutual Ltd	OMM	11.55	11.26	-2.51%
Sanlam Limited	SLA	54.61	53.87	-1.36%
Santam Limited	SNM	240.69	239.78	-0.38%
Vukile Property Fund Limited	VKN	13.59	13.70	0.81%
Investec Limited	IVD	88.43	85.22	-3.63%
PSG Konsult Limited	KFS	11.25	11.10	-1.33%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.38	272.82	0.16%
New Gold Palladium ETF	NGNPLD	306.15	309.49	1.09%
New Gold Platinum ETF N	NGNPLT	144.80	142.96	-1.27%
New Funds S&P NAM Bond	NFNAMA	16.59	16.69	0.60%

Table 4: ETFs

Exchange Rates
USD/NAD	17.12
EUR/NAD	17.43
GBP/NAD	20.51
EUR/GBP	0.84
EUR/USD	1.01
GBP/USD	1.19
AUD/USD	0.68
USD/JPY	138.23
Commodities
Gold	1,695.25
Silver	18.59
Platinum	841.80
Palladium	1,861.50
WTI	99.83
Brent	106.73

Table 5: Exchange Rates and Commodities 

Local News

The real value of building plans approved declined by 7.8% and 9.1% year-on-year and quarter-on-quarter, respectively, to N$502.4 million. (Namibian Sun)

While vulnerabilities exist, the Ministry of Finance (MoF), Bank of Namibia(BoN) and a local independent analyst do not agree that Namibia is at risk of default. (New Era Newspaper)

The private sector cannot lead growth, nor create more jobs in Namibia because it is disadvantaged as it is competing with public sector enterprises that are constantly bailed out, inefficient, loss-making, and monopolistic. (The Namibian)

Sub-Sahara News

Annual consumer inflation spiked to 7.4% in June, from 6.5% in May, Stats SA reported on Wednesday. (News24)

President Joe Biden announced on Wednesday that the United States will bring together leaders from across the African continent for a major summit in December in Washington to discuss pressing challenges from food security to climate change. (CNBC Africa)

President Cyril Ramaphosa has welcomed European Union (EU) Council President, Charles Michel's pledge that commits the European Union to support Africa's efforts to achieve food security. (All Africa News)

International News

The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop. (Reuters)

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from global markets overnight, as hotter than expected US inflation data raised the prospect of more aggressive Federal Reserve tightening to rein in 41-year high inflation. (RTT News)

The European Union on Wednesday urged its 27 member states to reduce gas usage by 15 percent from August through March of next year, as concerns mount that Russia may cut off gas flow to the region. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	6,251,807	274,516,292	100.00%
ETFs	-	-	0.00%
Total	6,251,807	274,516,292	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 274,516,292 worth of shares was traded on the NSX on Tuesday with about N$ 267,045 worth of Oceana Group Limited and N$ 2,556,998 worth of FirstRand Namibia Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Oceana Group Limited’s share price increased amid the market bouncing back
• On the local NSX listing, shares belonging to FirstRand Namibia 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	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	11.01	11.01	0.00%
First Rand Namibia	FNB	30.48	30.48	0.00%
Standard Bank Namibia	SNO	4.20	4.20	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	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.90	12.90	0.00%
Mobile Telecommunication Company	MOC	7.00	7.51	7.29%
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	544.57	544.57	0.00%
B2Gold Corporation	B2G	54.32	54.89	1.05%
Oceana Group Limited	OCG	47.08	47.15	0.15%
Mediclinic International Plc	MEP	96.20	96.30	0.10%
Truworths	TRW	48.40	49.15	1.55%
Nedbank Group Limited	NBK	206.70	209.73	1.47%
Standard Bank Group	SNB	152.60	154.70	1.38%
Shoprite Holdings	SRH	205.95	206.34	0.19%
FirstRand Limited	FST	63.41	63.80	0.62%
Momentum Metropolitan Holdings	MMT	14.71	14.71	0.00%
Old Mutual Ltd	OMM	11.55	11.55	0.00%
Sanlam Limited	SLA	54.13	54.61	0.89%
Santam Limited	SNM	237.10	240.69	1.51%
Vukile Property Fund Limited	VKN	13.60	13.59	-0.07%
Investec Limited	IVD	88.09	88.43	0.39%
PSG Konsult Limited	KFS	11.25	11.25	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	272.86	272.38	-0.18%
New Gold Palladium ETF	NGNPLD	306.22	306.15	-0.02%
New Gold Platinum ETF N	NGNPLT	142.98	144.80	1.27%
New Funds S&P NAM Bond	NFNAMA	16.55	16.59	0.24%

Table 4: ETFs

Exchange Rates
USD/NAD	17.10
EUR/NAD	17.52
GBP/NAD	20.57
EUR/GBP	0.85
EUR/USD	1.02
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	138.06
Commodities
Gold	1,710.05
Silver	18.73
Platinum	869.00
Palladium	1,891.00
WTI	100.23
Brent	106.99

Table 5: Exchange Rates and Commodities 

Local News

Australia Securities Exchange Listed Paladin Energy, the majority shareholder in Langer Heinrich uranium mine (LHM) in Erongo, on Tuesday announced its decision to return the mine that has been in a state of care maintenance since 2018, to production (Namibian Sun)

The embattled National Fishing Corporation is probing for a possible scam in which N$8 million was paid to people, whose names where allegedly illegally added to that of former Seaflower Pelagic Processing’s relief grant recipients (New Era Newspaper)

The Ministry of Industrialization and Trade and the Namibia Standards Institution (NSI) signed a memorandum of understanding on metrology services in Windhoek last Thursday. (The Namibian)

Sub-Sahara News

The announcement, in March this year, that South Africa had secured a gas deal from Mozambique went largely unnoticed. (New s24)

CMOC’s 603993.SS Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator. (CNBC Africa)

As of July 19, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,008,796 while 346,309,368 vaccinations have been administered across the continent. (All Africa News)

International News

Russian President Vladimir Putin had talks with Supreme Leader Ayatollah Ali Khamenei in Iran on Tuesday, the Kremlin leader's first trip outside the former Soviet Union since Moscow's Feb. 24 invasion of Ukraine. (Reuters)

European stocks may open slightly lower on Wednesday as COVID-19 concerns return to the fore. With the number of new cases rising by 30 percent globally in the last two weeks (RTT News)

Russian missiles have struck cities and villages in eastern and southern Ukraine, hitting homes, a school and a community centre as Russian President Vladimir Putin was in Iran to discuss a United Nations-backed proposal to unblock exports of Ukrainian grain (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	14,660,316	971,840,507	99.99%
ETFs	523	143,715	0.01%
Total	14,660,839	971,984,222	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 971,840,507 worth of shares was traded on the NSX on Monday with about N$ 90,499,988 worth of Sanlam Limited and N$ 68,489 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 143,715 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Sanlam Limited’s share price increased as investor’s hunger leads to massive subscription
• On the local NSX listing, shares belonging to FirstRand Namibia Ltd were traded resulting in a minor decline in share price at closing
• New Gold Issuer Ltd NM ETF was bought in from the public as potential yields are expected from those subscribed to it

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	11.01	11.01	0.00%
First Rand Namibia	FNB	30.49	30.48	-0.03%
Standard Bank Namibia	SNO	4.20	4.20	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	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.90	12.90	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

­­

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	517.66	544.57	5.20%
B2Gold Corporation	B2G	55.12	54.32	-1.45%
Oceana Group Limited	OCG	46.64	47.08	0.94%
Mediclinic International Plc	MEP	95.50	96.20	0.73%
Truworths	TRW	47.00	48.40	2.98%
Nedbank Group Limited	NBK	204.50	206.70	1.08%
Standard Bank Group	SNB	149.96	152.60	1.76%
Shoprite Holdings	SRH	203.43	205.95	1.24%
FirstRand Limited	FST	62.40	63.41	1.62%
Momentum Metropolitan Holdings	MMT	14.57	14.71	0.96%
Old Mutual Ltd	OMM	11.49	11.55	0.52%
Sanlam Limited	SLA	53.51	54.13	1.16%
Santam Limited	SNM	235.93	237.10	0.50%
Vukile Property Fund Limited	VKN	13.53	13.60	0.52%
Investec Limited	IVD	86.33	88.09	2.04%
PSG Konsult Limited	KFS	11.20	11.25	0.45%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	271.36	272.86	0.55%
New Gold Palladium ETF	NGNPLD	303.30	306.22	0.96%
New Gold Platinum ETF N	NGNPLT	140.03	142.98	2.11%
New Funds S&P NAM Bond	NFNAMA	16.55	16.55	0.00%

Table 4: ETFs

Exchange Rates
USD/NAD	17.14
EUR/NAD	17.36
GBP/NAD	20.47
EUR/GBP	0.84
EUR/USD	0.98
GBP/USD	1.19
AUD/USD	0.68
USD/JPY	138.17
Commodities
Gold	1,705.15
Silver	18.55
Platinum	844.25
Palladium	1,871.78
WTI	99.25
Brent	106.16

Table 5: Exchange Rates and Commodities 

Local News

The Landless People’s Movement (LPM) is blaming City of Windhoek head of human resources George Mayumbelo for the fact that mayor Sade Gawanas, a deployee of the party, has allegedly received N$57,000 in transport allowance- despite using the municipality’s vehicles for private and official duties (Namibian Sun)

At least N$148 million paid by the Namibia Students Financial Assistance Fund to local universities could not be verified, as there is no credible documentary evidence to support the payments. (New Era Newspaper)

The minister of fisheries and marine resources, Derek Klazen is on a week-long visit to the Kavango East and Kavango West regions to familiarize himself with the state of inland fisheries and aquaculture development in the area (The Namibian)

Sub-Sahara News

The South African Revenue Service (SARS) said the ongoing strike at its operations has caused continued delays, forcing the tax body to close 40 branches throughout the country. (New s24)

CNBC Africa spoke to Sérgio Pimenta, IFC’s Vice President for Africa, about his trip to Zambia, where the International Finance Corporation aims to strengthen the nation's private sector. (CNBC Africa)

Ghana has announced its first outbreak of the Marburg virus disease.Marburg is a highly infectious viral hemorrhagic fever in the same family as the Ebola virus disease. The symptoms of Marburg include diarrhea, fever, nausea, and vomiting. (All Africa News)

International News

From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. (Reuters)

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from global markets overnight, as investors remained cautious amid persisting worries about inflation, slowing growth, and rising interest rates by major central banks pushing towards a potential recession (RTT News)

Malaysian authorities have seized a container of African elephant tusks, pangolin scales, and other wildlife skulls and bones estimated to be worth 80 million Malaysian ringgit ($18m) – their biggest seizure to date. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,847,805	55,355,567	100.00%
ETFs	-	-	0.00%
Total	2,847,805	55,355,567	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 55,355,567 worth of shares was traded on the NSX on Friday, with about N$1,144,495 worth of Anglo-American plc and N$ 10,236,008 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’s share price slowing declined with no major effect on the share price.
• On the local NSX listing, shares belonging to Namibia Breweries were traded resulting in no major change in share price at closing

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	11.01	11.01	0.00%
First Rand Namibia	FNB	30.49	30.49	0.00%
Standard Bank Namibia	SNO	4.20	4.20	0.00%
Oryx Limited	ORY	10.27	10.27	0.00%
Letshego	LHN	2.35	2.65	12.77%
Namibia Asset Management	NAM	0.70	0.70	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.90	12.90	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

­­

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	518.87	517.66	-0.23%
B2Gold Corporation	B2G	56.50	55.12	-2.44%
Oceana Group Limited	OCG	46.49	46.64	0.32%
Mediclinic International Plc	MEP	95.45	95.50	0.05%
Truworths	TRW	46.10	47.00	1.95%
Nedbank Group Limited	NBK	201.80	204.50	1.34%
Standard Bank Group	SNB	147.23	149.96	1.85%
Shoprite Holdings	SRH	200.71	203.43	1.36%
FirstRand Limited	FST	61.08	62.40	2.16%
Momentum Metropolitan Holdings	MMT	14.31	14.57	1.82%
Old Mutual Ltd	OMM	11.23	11.49	2.32%
Sanlam Limited	SLA	51.11	53.51	4.70%
Santam Limited	SNM	237.44	235.93	-0.64%
Vukile Property Fund Limited	VKN	13.13	13.53	3.05%
Investec Limited	IVD	83.55	86.33	3.33%
PSG Konsult Limited	KFS	11.63	11.20	-3.70%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.49	271.36	-1.14%
New Gold Palladium ETF	NGNPLD	317.33	303.30	-4.42%
New Gold Platinum ETF N	NGNPLT	139.42	140.03	0.44%
New Funds S&P NAM Bond	NFNAMA	16.56	16.55	-0.06%

Table 4: ETFs

Exchange Rates
USD/NAD	17.04
EUR/NAD	17.22
GBP/NAD	20.28
EUR/GBP	0.84
EUR/USD	0.98
GBP/USD	1.19
AUD/USD	0.68
USD/JPY	138.33
Commodities
Gold	1,714.15
Silver	18.78
Platinum	842.85
Palladium	1,874.50
WTI	95.12
Brent	101.95

Table 5: Exchange Rates and Commodities 

Local News

A pilot desalination plant was inaugurated at Bethanie on Friday to improve and treat poor-quality groundwater, which deteriorates due to climate change. (Namibian Sun)

Trustco and the Johannesburg Stock Exchange are still deadlocked in a difference of opinion on the interpretation and application of International Financial Reporting Standards. (New Era Newspaper)

Namibia has been ranked among the top 10 countries most likely to default on the debt obligations (The Namibian)

Sub-Sahara News

At this stage, petrol or diesel shortages are not expected at fuel stations, after South Africa has been left without a single operating oil refinery. (New s24)

The South African government will within days announce new ways to address the country’s worst power crisis yet, President Cyril Ramaphosa said on Friday. (CNBC Africa)

The Kenya National Civil Society Centre (KNCSC) has applauded the Supreme Court decision sustaining the impeachment of former Nairobi Governor Mike Sonko saying, in so doing, the apex court upheld the spirit of Chapter Six of the Constitution. (All Africa News)

International News

A gunman killed three people when he opened fire in the food court of a shopping mall outside Indianapolis on Sunday before a bystander fatally shot the assailant, Greenwood Police Chief Jim Ison said. (Reuters)

European stocks are seen opening lower on Monday, with tech stocks likely to suffer heavy losses as benchmark U.S. 10-year Treasury yields steadied near a one-week high. (RTT News)

Sri Lanka’s acting President Ranil Wickremesinghe has declared a state of emergency as his administration wrestles with an economic crisis and social unrest engulfing the island nation. (Aljazeera News)