Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,079,175	21,501,228	100.00%
ETFs	-	-	0.00%
Total	1,079,175	21,501,228	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 21,501,228 worth of shares was traded on the NSX on Thursday, with about N$  2,950,113 worth of Anglo-American plc and N$  299,604 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 slumped due to market conditions slumping globally
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded resulting in a decrease of 15.2% 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	12.99	11.01	-15.24%
First Rand Namibia	FNB	30.49	30.49	0.00%
Standard Bank Namibia	SNO	5.00	4.20	-16.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.35	2.35	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	8.00	7.00	-12.50%
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	543.80	518.87	-4.58%
B2Gold Corporation	B2G	54.48	56.50	3.71%
Oceana Group Limited	OCG	46.95	46.49	-0.98%
Mediclinic International Plc	MEP	95.00	95.45	0.47%
Truworths	TRW	47.70	46.10	-3.35%
Nedbank Group Limited	NBK	203.85	201.80	-1.01%
Standard Bank Group	SNB	149.99	147.23	-1.84%
Shoprite Holdings	SRH	205.94	200.71	-2.54%
FirstRand Limited	FST	62.63	61.08	-2.47%
Momentum Metropolitan Holdings	MMT	14.57	14.31	-1.78%
Old Mutual Ltd	OMM	11.48	11.23	-2.18%
Sanlam Limited	SLA	52.95	51.11	-3.47%
Santam Limited	SNM	239.06	237.44	-0.68%
Vukile Property Fund Limited	VKN	13.30	13.13	-1.28%
Investec Limited	IVD	84.08	83.55	-0.63%
PSG Konsult Limited	KFS	11.50	11.63	1.13%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.67	274.49	-0.07%
New Gold Palladium ETF	NGNPLD	320.17	317.33	-0.89%
New Gold Platinum ETF N	NGNPLT	139.66	139.42	-0.17%
New Funds S&P NAM Bond	NFNAMA	16.69	16.56	-0.78%

Table 4: ETFs

Exchange Rates
USD/NAD	17.18
EUR/NAD	17.21
GBP/NAD	20.31
EUR/GBP	0.84
EUR/USD	1.00
GBP/USD	1.48
AUD/USD	0.67
USD/JPY	1378.94
Commodities
Gold	1,708.00
Silver	18.34
Platinum	823.80
Palladium	1,901.28
WTI	96.47
Brent	99.74

Table 5: Exchange Rates and Commodities 

Local News

Bank BIC Namibia has confirmed that the perceived reputational risk of its main shareholder, Isabell Dos Santos, has contributed to the bank’s failure to increase its local ownership, more than six years after being instructed to do so by the Bank of Namibia (BoN) (Namibian Sun)

Andre Messika Diamond, a supplier of polished diamonds to the luxury jewellery market recently opened the very first parcel of Namibian rough diamonds purchased from Namib Desert Diamonds (New Era Newspaper)

AgriBank is rolling out a biomass value chain financing scheme, which was operationalized earlier this year, to meet the bank’s loan book diversification objective (The Namibian)

Sub-Sahara News

The Public Servants' Association (PSA) has declared a deadlock in the public service wage talks with the government, rejecting a 2% wage offer. (New s24)

Southern African countries agreed on Thursday to extend their troop deployment in Mozambique for another month to help it fight an Islamic State-linked insurgency. (CNBC Africa)

Oscar-winning actor Terrence Howard is in Uganda, where he announced the development of several scientific initiatives that also form part of plans to boost funding and tourism to the nation (All Africa News)

International News

Italy's president rejected the resignation of Prime Minister Mario Draghi on Thursday after a day of political drama that threatened to bring down a national unity government that has been in office less than 18 months. (Reuters)

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues overnight from global markets, boosted by materials and energy stocks amid rebounding commodity prices. (RTT News)

A man who was exonerated after spending decades in prison in the United States for the 1965 murder of Black civil rights advocate Malcolm X is suing New York City for its role in his wrongful conviction. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	512,562	8,954,215	98.34%
ETFs	711	150,802	1.66%
Total	513,273	9,105,017	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,954,215 worth of shares was traded on the NSX on Wednesday, with about N$ 1,186,879 worth of Vukile Property Fund Limited and N$ 41,091 worth of Oryx Properties Limited on the home front. ETFs worth N$ 150,802 were traded on Wednesday

HEI Equity Research Commentary

From the trading activity that took place:

• Vukile Property Fund’s share price slumped due to the market risk of REITs shifting marginally
• On the local NSX listing, shares belonging to Oryx Properties Limited were traded with an increase in share price at closing.
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were traded resulting in a decline as market participants readjust their portfolios.

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	12.99	12.99	0.00%
First Rand Namibia	FNB	30.49	30.49	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.35	2.35	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	8.00	8.00	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	544.34	543.80	-0.10%
B2Gold Corporation	B2G	56.29	54.48	-3.22%
Oceana Group Limited	OCG	47.15	46.95	-0.42%
Mediclinic International Plc	MEP	95.39	95.00	-0.41%
Truworths	TRW	49.00	47.70	-2.65%
Nedbank Group Limited	NBK	208.29	203.85	-2.13%
Standard Bank Group	SNB	153.95	149.99	-2.57%
Shoprite Holdings	SRH	207.25	205.94	-0.63%
FirstRand Limited	FST	63.28	62.63	-1.03%
Momentum Metropolitan Holdings	MMT	14.70	14.57	-0.88%
Old Mutual Ltd	OMM	11.65	11.48	-1.46%
Sanlam Limited	SLA	53.76	52.95	-1.51%
Santam Limited	SNM	248.00	239.06	-3.60%
Vukile Property Fund Limited	VKN	13.50	13.30	-1.48%
Investec Limited	IVD	84.18	84.08	-0.12%
PSG Konsult Limited	KFS	11.35	11.50	1.32%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.05	274.67	-0.14%
New Gold Palladium ETF	NGNPLD	347.99	320.17	-7.99%
New Gold Platinum ETF N	NGNPLT	139.78	139.66	-0.09%
New Funds S&P NAM Bond	NFNAMA	16.67	16.69	0.12%

Table 4: ETFs

Exchange Rates
USD/NAD	16.95
EUR/NAD	17.01
GBP/NAD	20.13
EUR/GBP	0.84
EUR/USD	1.00
GBP/USD	1.18
AUD/USD	0.67
USD/JPY	137.97
Commodities
Gold	1,730.75
Silver	19.12
Platinum	835.10
Palladium	1,972.25
WTI	96.83
Brent	100.22

Table 5: Exchange Rates and Commodities 

Local News

The Capricorn Group and its subsidiary companies aspire to be connectors of positive change by creating economic value in a responsible way that creates sustainable opportunities for advancing and improving the economic and social conditions in the communities where they operate. (Namibian Sun)

Alpha Namibia Industries Renewable Power Limited (ANIREP) and the International Financial Cooperation have entered into a collaboration agreement to determine the viability of developing a 10 to 20 MW independent solar power plant to pilot the new Modified Single Buyer Model in Namibia (New Era Newspaper)

The recently completed N$6.5 billion national oil-storage facility at Walvis Bay is currently operating only at 60% of its capacity and consumers are paying 60 cents a liter for fuel for this (The Namibian)

Sub-Sahara News

Old Mutual will appeal a ruling by the South Gauteng High Court in Johannesburg that it must pay more than R1.7 billion to a group of investors in Fidentia. (New s24)

The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. (CNBC Africa)

About 61,000 persons suspected to be members of Boko Haram and other criminal gangs are being held in Nigerian prisons in the North-eastern part of the country, an official has said. (All Africa News)

International News

Sri Lankans waited for the resignation of President Gotabaya Rajapaksa on Thursday, a day after he fled to the Maldives to escape a popular uprising against an economic crisis blamed on his government's mismanagement (Reuters)

European stocks are likely to open higher on Thursday after notes from the latest Federal Reserve meeting indicated that higher U.S. interest rates might be needed to get inflation back to the 2 percent target. (RTT News)

US President Joe Biden has landed in Tel Aviv in Israel on his first visit to the Middle East in his current role. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	368,593	33,081,170	100.00%
ETFs	-	-	0.00%
Total	368,593	33,081,170	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 33,081,170 worth of shares was traded on the NSX on Tuesday, with about N$ 1,239,884 worth of Shoprite Holdings and N$  1,800 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Shoprite Holdings’ share price slumped due to market risk-averse behavior as global energy crisis concerns shoot up the roof.
• 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	12.99	12.99	0.00%
First Rand Namibia	FNB	30.49	30.49	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.35	2.35	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	8.00	8.00	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	548.11	544.34	-0.69%
B2Gold Corporation	B2G	56.55	56.29	-0.46%
Oceana Group Limited	OCG	47.20	47.15	-0.11%
Mediclinic International Plc	MEP	95.53	95.39	-0.15%
Truworths	TRW	49.30	49.00	-0.61%
Nedbank Group Limited	NBK	205.10	208.29	1.56%
Standard Bank Group	SNB	151.71	153.95	1.48%
Shoprite Holdings	SRH	209.00	207.25	-0.84%
FirstRand Limited	FST	62.75	63.28	0.84%
Momentum Metropolitan Holdings	MMT	14.45	14.70	1.73%
Old Mutual Ltd	OMM	11.51	11.65	1.22%
Sanlam Limited	SLA	53.10	53.76	1.24%
Santam Limited	SNM	246.18	248.00	0.74%
Vukile Property Fund Limited	VKN	13.47	13.50	0.22%
Investec Limited	IVD	83.87	84.18	0.37%
PSG Konsult Limited	KFS	11.03	11.35	2.90%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	276.90	275.05	-0.67%
New Gold Palladium ETF	NGNPLD	360.32	347.99	-3.42%
New Gold Platinum ETF N	NGNPLT	144.37	139.78	-3.18%
New Funds S&P NAM Bond	NFNAMA	16.72	16.67	-0.30%

Table 4: ETFs

Exchange Rates
USD/NAD	16.99
EUR/NAD	17.05
GBP/NAD	20.23
EUR/GBP	0.84
EUR/USD	1.00
GBP/USD	1.19
AUD/USD	0.67
USD/JPY	137.00
Commodities
Gold	1,725.10
Silver	18.88
Platinum	829.25
Palladium	2,022.28
WTI	95.98
Brent	99.77

Table 5: Exchange Rates and Commodities 

Local News

A more robust private sector can boost Namibia’s economic recovery from the recession and the Covid-19 pandemic, but state-owned enterprises (SOEs) ruling the market and benefiting from preferential treatment erode the full potential of the sector. (Namibian Sun)

The Namibia Revenue Agency (NamRA) yesterday launched an advanced ruling programme, which is an official written biding decision on the classification, origin, or valuation of goods prior to an import or export transaction (New Era Newspaper)

Fuel retailers have urged the Ministry of Mines and Energy, among others to implement an interim rescue profit margin as they continue to scrape together pittance from the petrol and diesel they sell to the public (The Namibian)

Sub-Sahara News

Stage 3 load shedding will be implemented from 05:00 to 16:00 on both Wednesday and Thursday, Eskom announced on Tuesday. (New s24)

Creditor committees for the debt restructurings of Chad, Ethiopia, and Zambia are expected to meet within the next 10 days, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday. (CNBC Africa)

Harare — Sir Mo Farah has told the BBC that he was abducted from war-torn Somalia to the UK as a child, and forced to work as a servant. Farah spoke to BBC TV in the documentary The Real Mo Farah, which will be aired on July 13. (All Africa News)

International News

U.S. lawmakers on Tuesday accused Donald Trump of inciting a mob of followers to attack the U.S. Capitol on Jan. 6, 2021, in a last-ditch bid to remain in power fueled by a chaotic meeting with some of his most ardent supporters. (Reuters)

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues overnight from Wall Street, dragged by weakness in materials and energy stocks as commodities prices tumbled on the prospects of looming recession hurting demand. (RTT News)

A group representing the Ukrainian diaspora has said it is seeking a judicial review of the Canadian government’s decision to return a repaired turbine to Germany that is needed for the Nord Stream 1 gas pipeline. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	85,505	6,896,756	100.00%
ETFs	-	-	0.00%
Total	85,505	6,896,756	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 6,896,756 worth of shares was traded on the NSX on Monday, with about N$   239,075 worth of Shoprite Holdings and N$  166,882 worth of Namibia Breweries on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Shoprite Holdings’ share price soars as market participants subscribe as consumer staples are prehistorically used to hedge the risk of economic recessions.
• 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	40.01	40.01	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.99	12.99	0.00%
First Rand Namibia	FNB	30.50	30.49	-0.03%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.35	2.35	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	8.00	8.00	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	574.80	548.11	-4.64%
B2Gold Corporation	B2G	56.92	56.55	-0.65%
Oceana Group Limited	OCG	47.45	47.20	-0.53%
Mediclinic International Plc	MEP	94.23	95.53	1.38%
Truworths	TRW	50.01	49.30	-1.42%
Nedbank Group Limited	NBK	207.37	205.10	-1.09%
Standard Bank Group	SNB	154.16	151.71	-1.59%
Shoprite Holdings	SRH	207.51	209.00	0.72%
FirstRand Limited	FST	63.93	62.75	-1.85%
Momentum Metropolitan Holdings	MMT	14.66	14.45	-1.43%
Old Mutual Ltd	OMM	11.57	11.51	-0.52%
Sanlam Limited	SLA	53.56	53.10	-0.86%
Santam Limited	SNM	249.37	246.18	-1.28%
Vukile Property Fund Limited	VKN	13.39	13.47	0.60%
Investec Limited	IVD	84.51	83.87	-0.76%
PSG Konsult Limited	KFS	11.02	11.03	0.09%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.99	276.90	0.69%
New Gold Palladium ETF	NGNPLD	347.42	360.32	3.71%
New Gold Platinum ETF N	NGNPLT	146.25	144.37	-1.29%
New Funds S&P NAM Bond	NFNAMA	16.72	16.72	0.00%

Table 4: ETFs

Exchange Rates
USD/ZAR	17.13
EUR/ZAR	17.17
GBP/ZAR	20.32
EUR/GBP	0.84
EUR/USD	1.01
GBP/USD	1.19
AUD/USD	0.67
USD/JPY	137.38
Commodities
Gold	1,728.10
Silver	18.85
Platinum	846.10
Palladium	2,108.02
WTI	102.05
Brent	105.22

Table 5: Exchange Rates and Commodities 

Local News

The National Housing Enterprise (NHE) only developed 17,113 houses countrywide from its inception in 1993 to mid-2019. (Namibian Sun)

A six-month renewable rural awareness campaign is currently in full swing and is being conducted by the Renewable Energy Industry Association of Namibia (REIAoN) (New Era Newspaper)

Namibians will now be able to import more second-hand cars that would otherwise be allowed in because of their age, a move that is expected to make imported cars even cheaper as supply increases (The Namibian)

Sub-Sahara News

Labour Minister Thulas Nxesi wants to add as many as 2 million new jobs before the next elections as the nation grapples with one of the highest unemployment rates in the world. (New s24)

South Africa has confirmed the third case of monkeypox, in a 42-year-old male tourist from Switzerland, the health department of the Limpopo province said. (CNBC Africa)

A plane carrying Blaiselanded at 2 p.m. at an airbase in Ouagadougou on 7 July 2022, and was airlifted to an unknown destination. A few hundred of his supporters were at the Ouagadougou airport to see their leader return to the country after almost 8 years in exile. (All Africa News)

International News

Ukraine expects a fresh assault by Russian ground forces, following widespread shelling which killed more than 30 people, as Kyiv's Western allies brace for a worsening of the global energy crisis if Russia cuts its supply of oil and gas. (Reuters)

Asian stocks advanced on Tuesday after reports emerged that the United States may decide to cut some tariffs on Chinese imports in an effort to tame record-high inflation. (RTT News)

Sri Lankan immigration officials say they have prevented the president’s brother and former Finance Minister Basil Rajapaksa from flying out of the country, as anger rises against the powerful family for a debilitating economic crisis. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	442,067	19,247,306	66.80%
ETFs	60,210	9,565,901	33.20%
Total	502,277	28,813,207	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 19,247,306 worth of shares was traded on the NSX on Friday, with about N$  1,270,388 worth of Old Mutual Ltd and N$ 1,247,040 worth of Capricorn Group Limited on the home front. ETFs worth N$ 9,565,901 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Old Mutual Ltd’s share price soar in JSE market resulting in a 0.79% of the Fin Index.
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded, resulting in a decline of 2.3% at closing.
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were subscribed by market participants.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.00	40.01	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.30	12.99	-2.33%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.35	2.35	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	8.00	8.00	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	568.60	574.80	1.09%
B2Gold Corporation	B2G	55.94	56.92	1.75%
Oceana Group Limited	OCG	46.51	47.45	2.02%
Mediclinic International Plc	MEP	94.90	94.23	-0.71%
Truworths	TRW	49.71	50.01	0.60%
Nedbank Group Limited	NBK	208.44	207.37	-0.51%
Standard Bank Group	SNB	153.44	154.16	0.47%
Shoprite Holdings	SRH	203.87	207.51	1.79%
FirstRand Limited	FST	63.40	63.93	0.84%
Momentum Metropolitan Holdings	MMT	14.36	14.66	2.09%
Old Mutual Ltd	OMM	11.08	11.57	4.42%
Sanlam Limited	SLA	52.13	53.56	2.74%
Santam Limited	SNM	248.59	249.37	0.31%
Vukile Property Fund Limited	VKN	13.21	13.39	1.36%
Investec Limited	IVD	86.56	84.51	-2.37%
PSG Konsult Limited	KFS	11.05	11.02	-0.27%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.84	274.99	0.79%
New Gold Palladium ETF	NGNPLD	322.65	347.42	7.68%
New Gold Platinum ETF N	NGNPLT	141.37	146.25	3.45%
New Funds S&P NAM Bond	NFNAMA	16.74	16.72	-0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.94
EUR/ZAR	17.21
GBP/ZAR	20.32
EUR/GBP	0.84
EUR/USD	1.01
GBP/USD	1.19
AUD/USD	0.68
USD/JPY	136.93
Commodities
Gold	1,740.65
Silver	19.23
Platinum	876.20
Palladium	2,099.52
WTI	103.80
Brent	106.24

Table 5: Exchange Rates and Commodities 

Local News

Formal housing delivery in Namibia is not keeping pace with demand resulting in the rapid growth of informal settlements. (Namibian Sun)

The European Union has officially adopted its multi-annual indicative programme for Namibia from 2021 to 2024. Through this programme, the EU pledges to provide N$627.3 million for that period (New Era Newspaper)

Agribank is inviting tenders for the disposal of the idle Witvlei abattoir and related properties the bank owns in the Omaheke region (The Namibian)

Sub-Sahara News

Due to the loss of five large generation units over the past 36 hours, as well as the delay in returning five units to service, load shedding will increase on Sunday, Eskom announced. (New s24)

Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company’s chief legal officer Friday. (CNBC Africa)

71 million people in the developing world have fallen into poverty in just three months as a direct consequence of global food and energy price surges. The impact on poverty rates is drastically faster than the shock of the COVID-19 pandemic. (All Africa News)

International News

Rescuers picked through the rubble of an apartment building in eastern Ukraine searching for two dozen people, including a child, feared trapped after a Russian rocket strike on the five-storey building killed 15 people. (Reuters)

Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday. (RTT News)

There is calm on the streets of Sri Lanka, a day after protesters stormed the president’s residence and set fire to the prime minister’s house, forcing both the leaders to announce their resignations over a worsening economic crisis in the country. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	167,243	7,794,522	85.44%
ETFs	4,860	1,327,920	14.56%
Total	172,103	9,122,442	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 7,794,522 worth of shares was traded on the NSX on Thursday, with about N$  2,238,966 worth of Anglo-American plc and N$  29,067 worth of Letshego Holdings (Namibia) Ltdon the home front. ETFs worth N$ 1,327,920 were traded on Thursday

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Anglo-American plc share price slump drastically as global markets sell-off resumes
• On the local NSX listing, shares belonging to Letshego Holdings (Namibia) Ltd were yet again traded, resulting in a 21.7% decline in share price at closing
• New Gold Issuer Ltd NM was sold off 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	13.30	13.30	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	2.35	-21.67%
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	8.00	8.00	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	527.52	568.60	7.79%
B2Gold Corporation	B2G	54.01	55.94	3.57%
Oceana Group Limited	OCG	47.20	46.51	-1.46%
Mediclinic International Plc	MEP	87.41	94.90	8.57%
Truworths	TRW	49.09	49.71	1.26%
Nedbank Group Limited	NBK	203.63	208.44	2.36%
Standard Bank Group	SNB	148.97	153.44	3.00%
Shoprite Holdings	SRH	202.00	203.87	0.93%
FirstRand Limited	FST	61.62	63.40	2.89%
Momentum Metropolitan Holdings	MMT	13.91	14.36	3.24%
Old Mutual Ltd	OMM	10.75	11.08	3.07%
Sanlam Limited	SLA	50.86	52.13	2.50%
Santam Limited	SNM	246.89	248.59	0.69%
Vukile Property Fund Limited	VKN	12.92	13.21	2.24%
Investec Limited	IVD	84.12	86.56	2.90%
PSG Konsult Limited	KFS	11.03	11.05	0.18%

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	272.84	-0.71%
New Gold Palladium ETF	NGNPLD	315.77	322.65	2.18%
New Gold Platinum ETF N	NGNPLT	138.79	141.37	1.86%
New Funds S&P NAM Bond	NFNAMA	16.72	16.74	0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.74
EUR/ZAR	17.00
GBP/ZAR	20.13
EUR/GBP	0.84
EUR/USD	1.01
GBP/USD	1.20
AUD/USD	0.68
USD/JPY	135.56
Commodities
Gold	1,739.75
Silver	19.09
Platinum	861.30
Palladium	1,983.00
WTI	102.39
Brent	104.46

Table 5: Exchange Rates and Commodities 

Local News

Namibia’s import bill faces upward pressure in the short term due to a much higher average oil price in 2022 compared with last year. (Namibian Sun)

The Tour & Safari Association of Namibia (TASA) officially went online today, with its visa application platform (New Era Newspaper)

The emergence of Savanna Beef Namibia which has already raised N$146 million through its 549 producers to start operations, has signaled the start of a vicious battle with the state-owned Meat Corporation of Namibia (Meatco) for control of the Namibian meat market. (The Namibian)

Sub-Sahara News

Public Enterprises Minister Pravin Gordhan had to be whisked away by security guards when an event he was addressing on Thursday evening descended into chaos, with a group who claimed to be students screaming threats and racist comments. (New s24)

Senegalese President Macky Sall said on Thursday there is growing international support for developing gas resources in Africa as part of the continent’s energy transition. (CNBC Africa)

Pharmaceutical companies have pledged to share surveillance data on new antimicrobial medicines such as antibiotics in a new register launched to combat antimicrobial resistance (AMR). Writing for SciDev.Net, Gilbert Nakweya reports that the initiative was launched on June 21, 2022, by Vivli , a non-profit clinical research data-sharing organization. (All Africa News)

International News

Scandal-ridden Boris Johnson announced on Thursday he would quit as British prime minister after he dramatically lost the support of his ministers and most Conservative lawmakers, but said he would stay on until his successor was chosen. (Reuters)

European stocks are likely to open lower on Friday amid worries that inflation-fighting central banks would tip world economies into recession. (RTT News)

Japan’s former Prime Minister Shinzo Abe has been taken to hospital after apparently being shot during a campaign speech in the western city of Nara, according to media reports. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	412,818	35,059,461	100.00%
ETFs	-	-	0.00%
Total	412,818	35,059,461	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 35,059,461 worth of shares was traded on the NSX on Wednesday with about N$  15,655,212 worth of Anglo-American plc and N$  67,584 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:

• Shares in Anglo-American plc share price slump drastically as global markets sell-off resumes
• On the local NSX listing, shares belonging to Mobile Telecommunications Limited were yet again traded, however, there was no significant change in share price.

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	13.30	13.30	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	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	8.00	8.00	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	520.78	527.52	1.29%
B2Gold Corporation	B2G	56.73	54.01	-4.79%
Oceana Group Limited	OCG	46.50	47.20	1.51%
Mediclinic International Plc	MEP	87.50	87.41	-0.10%
Truworths	TRW	49.40	49.09	-0.63%
Nedbank Group Limited	NBK	203.50	203.63	0.06%
Standard Bank Group	SNB	148.75	148.97	0.15%
Shoprite Holdings	SRH	199.00	202.00	1.51%
FirstRand Limited	FST	61.29	61.62	0.54%
Momentum Metropolitan Holdings	MMT	14.19	13.91	-1.97%
Old Mutual Ltd	OMM	10.80	10.75	-0.46%
Sanlam Limited	SLA	51.38	50.86	-1.01%
Santam Limited	SNM	248.58	246.89	-0.68%
Vukile Property Fund Limited	VKN	12.49	12.92	3.44%
Investec Limited	IVD	81.71	84.12	2.95%
PSG Konsult Limited	KFS	11.32	11.03	-2.56%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	273.98	274.79	0.30%
New Gold Palladium ETF	NGNPLD	309.78	315.77	1.93%
New Gold Platinum ETF N	NGNPLT	138.09	138.79	0.51%
New Funds S&P NAM Bond	NFNAMA	16.81	16.72	-0.54%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.76
EUR/ZAR	17.10
GBP/ZAR	20.03
EUR/GBP	0.85
EUR/USD	1.02
GBP/USD	1.19
AUD/USD	0.68
USD/JPY	135.74
Commodities
Gold	1,744.94
Silver	19.29
Platinum	850.00
Palladium	1,908.00
WTI	99.16
Brent	101.31

Table 5: Exchange Rates and Commodities 

Local News

Namibian small and mid-sized enterprises (SMEs) are increasingly looking to grow their businesses internationally and access new markets to mitigate the effects of a global economic slowdown. (Namibian Sun)

Specific initiatives being investigated between Namibia and Germany include whether NamPower could off-take cheap clean dispatchable electricity from the first green hydrogen project to satisfy domestic needs and possibly in the future even on-sell excess electricity into the Southern African Power Pool (SAPP). (New Era Newspaper)

The Namibia Revenue Agency (Namra) has started paying provisional taxpayers’ refunds again, but no tax was received between 2018 and 2022. (The Namibian)

Sub-Sahara News

Brian Molefe, the former CEO of Eskom, has been directed to pay back just under R10 million, plus interest, to the power utility's pension fund. (New s24)

The secretary-general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. (CNBC Africa)

Former Angolan President José Eduardo dos Santos is in critical condition after being hospitalized in Spain, RFI reports. His daughter Tchizé dos Santos filed a complaint on Tuesday, July 5 with the Catalan regional police for attempted homicide against her father. (All Africa News)

International News

Former Russian President Dmitry Medvedev said attempts by the West to punish a nuclear power such as Russia for the war in Ukraine risked endangering humanity, as the nearly five-month conflict leaves cities in ruins and thousands homeless. (Reuters)

European stocks may open on a tepid note Thursday as hawkish comments from central bank chiefs stoked recession fears. (RTT News)

British Prime Minister Boris Johnson has told MPs he would “keep going” despite a growing list of Conservative ministers and other officials resigning in protest over his handling of the case of a senior official accused of sexual misconduct. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	496,747	32,629,732	100.00%
ETFs	-	-	0.00%
Total	496,747	32,629,732	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 32,629,732 worth of shares was traded on the NSX on Tuesday, with about N$ 5,247,360 worth of Anglo-American plc and N$ 16,000 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Tuesday

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Anglo-American plc share price slump drastically as global markets sell-off resumes
• On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded 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	40.02	40.00	-0.05%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.30	13.30	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	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	7.91	8.00	1.14%
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	566.63	520.78	-8.09%
B2Gold Corporation	B2G	55.28	56.73	2.62%
Oceana Group Limited	OCG	47.60	46.50	-2.31%
Mediclinic International Plc	MEP	91.40	87.50	-4.27%
Truworths	TRW	49.80	49.40	-0.80%
Nedbank Group Limited	NBK	210.00	203.50	-3.10%
Standard Bank Group	SNB	156.31	148.75	-4.84%
Shoprite Holdings	SRH	202.93	199.00	-1.94%
FirstRand Limited	FST	63.25	61.29	-3.10%
Momentum Metropolitan Holdings	MMT	14.60	14.19	-2.81%
Old Mutual Ltd	OMM	11.12	10.80	-2.88%
Sanlam Limited	SLA	53.75	51.38	-4.41%
Santam Limited	SNM	257.20	248.58	-3.35%
Vukile Property Fund Limited	VKN	12.52	12.49	-0.24%
Investec Limited	IVD	86.72	81.71	-5.78%
PSG Konsult Limited	KFS	11.32	11.32	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	276.23	273.98	-0.81%
New Gold Palladium ETF	NGNPLD	307.55	309.78	0.73%
New Gold Platinum ETF N	NGNPLT	139.83	138.09	-1.24%
New Funds S&P NAM Bond	NFNAMA	16.82	16.81	-0.06%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.53
EUR/ZAR	16.97
GBP/ZAR	19.77
EUR/GBP	0.85
EUR/USD	1.04
GBP/USD	1.19
AUD/USD	0.68
USD/JPY	135.22
Commodities
Gold	1,768.25
Silver	19.09
Platinum	848.10
Palladium	1,920.50
WTI	00.60
Brent	103.52

Table 5: Exchange Rates and Commodities 

Local News

The City of Windhoek management has ordered the municipality’s executives to immediately restart the process of appointing a new CEO (Namibian Sun)

Incarcerated social activist Dimbulukeni Nauyoma and forex trader Micheal Amushelelo have roped in lawyer Kadhila Amoomo as they seek clarity on the specifics of the pending investigation into their housing scheme by the central bank. (New Era Newspaper)

A Swapo think tank report has advised the ruling party to allocate eight state-owned green schemes to regional councils to manage, create jobs and address food security. (The Namibian)

Sub-Sahara News

On Tuesday, the rand slumped to its weakest level against the dollar since 2020 as global investors took fright.. (New s24)

Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. (CNBC Africa)

During The Kigali Summit on Malaria and Neglected Tropical Diseases (NTDs) hosted by Rwanda, leaders reflected on the Kigali summit and made commitments to work towards ending the epidemic of malaria and NTDs by 2030, to recognize the Kigali Declaration on Neglected Tropical Diseases, and to call for the successful 7th replenishment of The Global Fund. (All Africa News)

International News

Macau has locked down one of the city's most famous hotels, the Grand Lisboa, after more than a dozen COVID-19 cases were found there on Tuesday, with infections spreading rapidly in the world's biggest gambling hub. (Reuters)

Asian stocks fell on Wednesday as investors fretted over high inflation and the possibility of a recession. (RTT News)

Two of the United Kingdom’s most senior ministers have resigned from the cabinet in the latest blow to Prime Minister Boris Johnson’s leadership. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	3,679,435	204,191,585	99.93%
ETFs	526	144,161	0.07%
Total	3,679,961	204,335,746	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 204,191,585 worth of shares was traded on the NSX on Monday, with about N$40,324,729 worth of Anglo-American plc and N$ 14,700  worth of Namibia Asset Management Limited on the home front. ETFs worth N$ 144,161 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Anglo-American plc share price to bounce back after a week’s sluggish performance.
• On the local NSX listing, shares belonging to Namibia Asset Management Limited were traded resulting in an increase in share price.
• New Gold Issuer Ltd NM ETF continues to be subscribed mid the market reaction prior to the release of the financial statements.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.92	40.02	-2.20%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.30	13.30	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.25	4.25	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.67	0.70	4.48%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.90	12.90	0.00%
Mobile Telecommunication Company	MOC	7.91	7.91	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	553.09	566.63	2.45%
B2Gold Corporation	B2G	55.26	55.28	0.04%
Oceana Group Limited	OCG	47.54	47.60	0.13%
Mediclinic International Plc	MEP	89.06	91.40	2.63%
Truworths	TRW	48.86	49.80	1.92%
Nedbank Group Limited	NBK	204.50	210.00	2.69%
Standard Bank Group	SNB	152.64	156.31	2.40%
Shoprite Holdings	SRH	196.09	202.93	3.49%
FirstRand Limited	FST	62.37	63.25	1.41%
Momentum Metropolitan Holdings	MMT	14.26	14.60	2.38%
Old Mutual Ltd	OMM	10.90	11.12	2.02%
Sanlam Limited	SLA	52.34	53.75	2.69%
Santam Limited	SNM	249.68	257.20	3.01%
Vukile Property Fund Limited	VKN	12.45	12.52	0.56%
Investec Limited	IVD	85.17	86.72	1.82%
PSG Konsult Limited	KFS	13.19	11.32	-14.18%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	277.16	276.23	-0.34%
New Gold Palladium ETF	NGNPLD	311.95	307.55	-1.41%
New Gold Platinum ETF N	NGNPLT	139.82	139.83	0.01%
New Funds S&P NAM Bond	NFNAMA	16.76	16.82	0.36%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.33
EUR/ZAR	17.03
GBP/ZAR	19.77
EUR/GBP	0.86
EUR/USD	1.04
GBP/USD	1.21
AUD/USD	0.68
USD/JPY	136.23
Commodities
Gold	1,810.85
Silver	19.99
Platinum	871.15
Palladium	1,913.53
WTI	110.17
Brent	113.46

Table 5: Exchange Rates and Commodities 

Local News

Ohangwena police have pleaded with men to stop trying to buy love, saying if they gift their partner items, they should do so with sincere hearts and not later collect the gifts once their relationship end (Namibian Sun)

The government sold 34 houses for less than N$3 million across the country last year, an audit report shows (New Era Newspaper)

The minister of finance, Iipumbu Shiimi, has brushed off speculation that he aims to become Namibia’s next vice president (The Namibian)

Sub-Sahara News

Transport Minister Fikile Mbalula has thrown his weight behind Chief Justice Raymond Zondo's report on the Commission of Inquiry into State Capture, saying government and its entities have to take its recommendations on board if they hope to reform. (New s24)

The European Union is planning a deal with Namibia to support the country’s nascent green hydrogen sector and boost its own imports of the fuel, EU and Namibian officials said, as the bloc works to reduce its dependence on Russian energy. (CNBC Africa)

As of July 04, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,914,302 while  316,347,241 vaccinations have been administered across the continent. (All Africa News)

International News

Ukrainian President Volodymyr Zelenskyy said on Monday his armed forces were undeterred in their efforts to "break" Moscow's will to pursue a nearly five-month war, while Russia's Vladimir Putin hailed his military's victory in the grueling battle of Luhansk. (Reuters)

European stocks are seen opening a tad lower on Tuesday, as positive U.S. economic data and climbing oil prices brought the focus back to policy tightening. (RTT News)

Sri Lanka has less than a day’s worth of fuel left, the energy minister says, with public transport grinding to a halt as the country’s economic crisis deepens. (Aljazeera News)