Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	42,202	15,675,144	100.00%
ETFs	-	-	0.00%
Total	42,202	15,675,144	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$15,675,144 worth of shares was traded on the NSX on Wednesday with about N$  14,541,427 worth of Anglo-American plc and N$  81,835 worth of Namibia Breweries 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  were sold off drastically causing a -1.0% decrease in share price
• On the local NSX listing, shares belonging to Namibia Breweries 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	40.00	40.92	2.30%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	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	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	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

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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	618.35	611.86	-1.05%
B2Gold Corporation	B2G	58.46	57.27	-2.04%
Oceana Group Limited	OCG	45.19	45.45	0.58%
Mediclinic International Plc	MEP	89.63	89.64	0.01%
Truworths	TRW	53.40	52.18	-2.28%
Nedbank Group Limited	NBK	217.78	212.00	-2.65%
Standard Bank Group	SNB	163.40	161.42	-1.21%
Shoprite Holdings	SRH	206.12	202.90	-1.56%
FirstRand Limited	FST	66.01	64.88	-1.71%
Momentum Metropolitan Holdings	MMT	14.53	14.35	-1.24%
Old Mutual Ltd	OMM	11.77	11.43	-2.89%
Sanlam Limited	SLA	55.56	55.57	0.02%
Santam Limited	SNM	262.73	257.63	-1.94%
Vukile Property Fund Limited	VKN	13.80	12.90	-6.52%
Investec Limited	IVD	90.50	90.09	-0.45%
PSG Konsult Limited	KFS	11.68	11.76	0.68%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.63	275.47	1.04%
New Gold Palladium ETF	NGNPLD	292.63	316.32	8.10%
New Gold Platinum ETF N	NGNPLT	141.14	143.94	1.98%
New Funds S&P NAM Bond	NFNAMA	16.79	16.84	0.30%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.27
EUR/ZAR	17.00
GBP/ZAR	19.73
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	136.36
Commodities
Gold	1,817.20
Silver	20.69
Platinum	912.50
Palladium	1,897.50
WTI	109.93
Brent	112.78

Table 5: Exchange Rates and Commodities 

Local News

State House yesterday defended President Hage Geingob’s foreign travels, saying they have brought great benefits to the country. (Namibian Sun)

Acting CEO of Namibia Students Financial Assistance Fund Kennedy Kandume said the waiving of interest on student loans does not equate to debt-forgiveness, advising students to pay off their loans. (New Era Newspaper)

Popular Democratic Movement (PDM) member of parliament Elma Dienda is still determined to get answers on why the state is paying for upgrades to vice president Nangolo Mbumba’s private firm.. (The Namibian)

Sub-Sahara News

Eskom workers are expected back at work this morning following violent industrial strike action, which plunged the country into an electricity supply crunch over the past week. (News24)

Russia condemned what it called a push to “politicize” its diamonds over the conflict in Ukraine and said attempts to question its compliance with the international diamond certification scheme were “totally unfounded” and “far-fetched”. (CNBC Africa)

The African Union Commission chief has voiced his shock at the "violent and degrading" treatment of African migrants trying to cross from Morocco into Spanish territory after 23 people died and have called for an investigation into the incident. (All Africa News)

International News

A congressional panel investigating the Jan. 6, 2021, assault on the U.S. Capitol announced on Wednesday that it has subpoenaed former President Donald Trump's White House counsel, Pat Cipollone, to testify about Trump's activities on the day of the melee. (Reuters)

European stocks are seen opening slightly lower on Thursday after Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that monetary policy is famously a blunt tool and there is a risk of recession.. (RTT News)

Russian President Vladimir Putin has condemned NATO’s “imperial ambitions”, accusing the military alliance of seeking to assert its “supremacy” through the Ukraine conflict. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,098,356	7,063,245	100.00%
ETFs	-	-	0.00%
Total	1,098,356	7,063,245	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 7,063,245 worth of shares was traded on the NSX on Tuesday with about N$ 762,019 worth of Momentum Metropolitan Holdings and N$ 3,965,998 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:

• Shares in Momentum Metropolitan Holdings were subscribed, resulting in a decrease in share price
• 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	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	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	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.85	7.91	0.76%
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	613.90	618.35	0.72%
B2Gold Corporation	B2G	57.11	58.46	2.36%
Oceana Group Limited	OCG	47.23	45.19	-4.32%
Mediclinic International Plc	MEP	89.73	89.63	-0.11%
Truworths	TRW	54.81	53.40	-2.57%
Nedbank Group Limited	NBK	219.30	217.78	-0.69%
Standard Bank Group	SNB	163.11	163.40	0.18%
Shoprite Holdings	SRH	212.22	206.12	-2.87%
FirstRand Limited	FST	67.21	66.01	-1.79%
Momentum Metropolitan Holdings	MMT	14.74	14.53	-1.42%
Old Mutual Ltd	OMM	11.58	11.77	1.64%
Sanlam Limited	SLA	54.83	55.56	1.33%
Santam Limited	SNM	265.19	262.73	-0.93%
Vukile Property Fund Limited	VKN	13.70	13.80	0.73%
Investec Limited	IVD	90.28	90.50	0.24%
PSG Konsult Limited	KFS	11.70	11.68	-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	269.96	272.63	0.99%
New Gold Palladium ETF	NGNPLD	294.40	292.63	-0.60%
New Gold Platinum ETF N	NGNPLT	137.84	141.14	2.39%
New Funds S&P NAM Bond	NFNAMA	16.86	16.79	-0.42%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.06
EUR/ZAR	16.88
GBP/ZAR	19.59
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	136.14
Commodities
Gold	1,822.25
Silver	20.78
Platinum	912.80
Palladium	1,897.50
WTI	111.03
Brent	112.94The works minis

Table 5: Exchange Rates and Commodities 

Local News

Cabinet and line Ministers have been accused of dragging their feet in the appointment of a board of directors for a number of owned enterprises, some of which have been operating without a board for months. (Namibian Sun)

A lawyer representing a Cuban doctor accused of raping his colleague at the doctor’s quarters in Windhoek says the Combating of Rape Act is too vague, wide, and confusing. (New Era Newspaper)

The health ministry yesterday scrambled to show that it is improving congestion at the dilapidated state of the Katutura State Hospital, yet realities on the ground proved the contrary. (The Namibian)

Sub-Sahara News

Stage 4 load shedding will then be implemented from 22:00 to 00:00. Load shedding will then be reduced to Stage 2 until 05:00 on Wednesday morning. From 05:00 until 16:00 on Wednesday, load shedding will be implemented at Stage 4 in South Africa. (News24)

South Africa’s state power company Eskom said it would on Tuesday and Wednesday be forced to repeat its most extensive electricity cuts yet after 10 generation units went offline overnight and a strike disrupted operations. (CNBC Africa)

The African Union Commission chief has voiced his shock at the "violent and degrading" treatment of African migrants trying to cross from Morocco into Spanish territory after 23 people died and have called for an investigation into the incident. (All Africa News)

International News

Abortions can resume in Texas after a judge on Tuesday blocked officials from enforcing a nearly century-old ban the state's Republican attorney general said was back in effect after the U.S. Supreme Court overturned the constitutional right to the procedure nationwide (Reuters)

With traders returning to their desks following the long holiday weekend, stocks moved sharply higher during trading on Tuesday. The major averages all showed strong moves to the upside after ending last Friday's volatile session mixed. (RTT News)

When a magnitude 5.9 earthquake struck eastern Afghanistan last week, Naqib lost his home and nearly his whole family. His parents and four siblings now lie buried on a hilltop overlooking the remote district of Gayan in hard-hit Paktika province. The 11-year-old now only has one sister, Nesab, who is four..(Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	179,065	34,460,176	100.00%
ETFs	-	-	0.00%
Total	179,065	34,460,176	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 34,460,176 worth of shares was traded on the NSX on Monday with about N$ 1,763,119 worth of Shoprite Holdings, and N$ 15,700 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Monday

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Shoprite Holdings were subscribed, resulting in an increase
• On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded with a reduction 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	12.80	13.00	1.56%
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	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.85	7.85	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	600.68	613.90	2.20%
B2Gold Corporation	B2G	55.67	57.11	2.59%
Oceana Group Limited	OCG	47.54	47.23	-0.65%
Mediclinic International Plc	MEP	88.02	89.73	1.94%
Truworths	TRW	55.44	54.81	-1.14%
Nedbank Group Limited	NBK	223.98	219.30	-2.09%
Standard Bank Group	SNB	165.11	163.11	-1.21%
Shoprite Holdings	SRH	212.46	212.22	-0.11%
FirstRand Limited	FST	68.83	67.21	-2.35%
Momentum Metropolitan Holdings	MMT	14.92	14.74	-1.21%
Old Mutual Ltd	OMM	11.62	11.58	-0.34%
Sanlam Limited	SLA	54.94	54.83	-0.20%
Santam Limited	SNM	265.16	265.19	0.01%
Vukile Property Fund Limited	VKN	13.94	13.70	-1.72%
Investec Limited	IVD	89.63	90.28	0.73%
PSG Konsult Limited	KFS	11.55	11.70	1.30%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.36	269.96	-1.60%
New Gold Palladium ETF	NGNPLD	289.73	294.40	1.61%
New Gold Platinum ETF N	NGNPLT	142.22	137.84	-3.08%
New Funds S&P NAM Bond	NFNAMA	17.01	16.86	-0.88%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.82
EUR/ZAR	16.73
GBP/ZAR	19.41
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.49
Commodities
Gold	1,826.95
Silver	21.18
Platinum	899.30
Palladium	1,877.28
WTI	110.72
Brent	112.19

Table 5: Exchange Rates and Commodities 

Local News

Cabinet and line ministers have been accused of dragging their feet in the appointment of a board of directors for a number of owned enterprises, some of which have been operating without a board for months. (Namibian Sun)

There was drama at the Wanahenda police station following the arrest of Windhoek mayor Sade Gawanas after a confrontation between her and police officers on patrol broke out at Okahandja Park yesterday. (New Era Newspaper)

The electronic voting machines (EVMs) that were at the heart of opposition candidates challenging the outcome of the 2019 presidential elections will be gathering dust for at least another five years. (The Namibian)

Sub-Sahara News

The Special Investigating Unit (SIU) has obtained a preservation order to freeze an R27 million luxury property linked to the former chairperson of the National Lotteries Commission, Professor Alfred Nevhutanda. (News24)

Dutch technology investor Prosus NV PRX.AS, PRXJn.J on Monday announced it will gradually sell down its massive stake in Tencent 0700.HK, reversing a pledge to retain the holding for a couple of years and knocking shares in the Chinese tech giant. (CNBC Africa)

The African Union and the International Monetary Fund (IMF) convened a two-day meeting on good governance and corruption in Botswana to discuss how Africa can reap the benefits of good governance, improve growth opportunities, create jobs, reduce poverty and achieve the United Nations' Sustainable Development Goals (SDGs) (All Africa News)

International News

The Nasdaq Composite index fell by midday trading on Monday, dragged down by high-growth stocks as last week's rally on easing concerns over inflation lost steam while recovering oil prices boosted shares of energy firms. (Reuters)

Asian stock markets are trading mostly higher on Tuesday, following the positive cues from European markets overnight (RTT News)

Authorities in Afghanistan are struggling to reach a remote area hit by an earthquake that killed at least 1,000 people as poor communications and a lack of proper roads hampered their efforts, officials said.(Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	70,064	4,622,958	100.00%
ETFs	-	-	0.00%
Total	70,064	4,622,958	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,622,958 worth of shares was traded on the NSX on Thursday with about N$ 1,763,119 worth of Shoprite Holdings, and N$ 15,700 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Thursday

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Shoprite Holdings were subscribed, resulting in an increase
• On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded with a reduction 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	12.80	12.80	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	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.90	7.85	-0.63%
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	631.57	606.27	-4.01%
B2Gold Corporation	B2G	58.77	58.15	-1.05%
Oceana Group Limited	OCG	48.25	48.75	1.04%
Mediclinic International Plc	MEP	85.27	87.16	2.22%
Truworths	TRW	55.00	54.20	-1.45%
Nedbank Group Limited	NBK	222.21	220.98	-0.55%
Standard Bank Group	SNB	162.83	161.99	-0.52%
Shoprite Holdings	SRH	214.86	210.55	-2.01%
FirstRand Limited	FST	66.37	67.30	1.40%
Momentum Metropolitan Holdings	MMT	14.35	14.35	0.00%
Old Mutual Ltd	OMM	11.30	11.21	-0.80%
Sanlam Limited	SLA	53.93	53.68	-0.46%
Santam Limited	SNM	270.01	273.68	1.36%
Vukile Property Fund Limited	VKN	13.73	13.78	0.36%
Investec Limited	IVD	87.88	87.30	-0.66%
PSG Konsult Limited	KFS	11.18	11.18	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	272.83	274.36	0.56%
New Gold Palladium ETF	NGNPLD	286.70	289.73	1.06%
New Gold Platinum ETF N	NGNPLT	143.22	142.22	-0.70%
New Funds S&P NAM Bond	NFNAMA	16.91	17.01	0.59%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.91
EUR/ZAR	16.82
GBP/ZAR	19.51
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.47
Commodities
Gold	1,826.40
Silver	21.06
Platinum	914.00
Palladium	1,856.28
WTI	104.73
Brent	110.27

Table 5: Exchange Rates and Commodities 

Local News

Swapo Think Tank chair Andrew Niikondo said shanty towns are here to stay for the foreseeable future, however, the government should find ways to change the face of shacks by setting up a trail project. (Namibian Sun)

Namibian Economic Freedom Fighter’s national coordinator Kalimbo Iipumbu yesterday said his party is pondering the next course of action when South African leader Cyril Ramaphosa touches down in Windhoek in the coming weeks   (New Era Newspaper)

The government has hand-picked an entity to renovate vice president Nangolo Mbumba’s private farm tender which could cost taxpayers millions of dollars. (The Namibian)

Sub-Sahara News

South Africa's constrained power system could soon get an 1800 MW generation boost. Eskom on Thursday confirmed that it had selected 18 companies to lease land to for the development of renewable energy projects. (News24)

The World Health Organization will decide on Thursday whether to declare monkeypox a global health emergency, stirring criticism from leading African scientists who say it has been a crisis in their region for years. (CNBC Africa)

The African Union and the International Monetary Fund (IMF) convened a two-day meeting on good governance and corruption in Botswana to discuss how Africa can reap the benefits of good governance, improve growth opportunities, create jobs, reduce poverty and achieve the United Nations' Sustainable Development Goals (SDGs) (All Africa News)

International News

The U.S. Supreme Court on Thursday declared for the first time that the U.S. Constitution protects an individual's right to carry a handgun in public for self-defense, handing a landmark victory to gun rights advocates in a nation deeply divided over how to address firearms violence. (Reuters)

Ford Motor Co. (F) is recalling about 2.9 million vehicles to fix a defective part that may prevent the vehicle from shifting into the intended gear. (RTT News)

Authorities in Afghanistan are struggling to reach a remote area hit by an earthquake that killed at least 1,000 people as poor communications and a lack of proper roads hampered their efforts, officials said.(Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	206,607	12,652,966	100.00%
ETFs	-	-	0.00%
Total	206,607	12,652,966	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12,652,966 worth of shares was traded on the NSX on Wednesday with about N$ 395,447 worth of Shoprite Holdings, and N$ 1,287,080 worth of Namibia Breweries on the home front. No ETFs were traded on Wednesday

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Shoprite Holdings were subscribed, resulting in a decrease in share price
• 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	40.00	40.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.80	12.80	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	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.90	7.90	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	656.49	631.57	-3.80%
B2Gold Corporation	B2G	57.79	58.77	1.70%
Oceana Group Limited	OCG	52.14	48.25	-7.46%
Mediclinic International Plc	MEP	84.05	85.27	1.45%
Truworths	TRW	54.82	55.00	0.33%
Nedbank Group Limited	NBK	224.54	222.21	-1.04%
Standard Bank Group	SNB	163.35	162.83	-0.32%
Shoprite Holdings	SRH	218.63	214.86	-1.72%
FirstRand Limited	FST	66.54	66.37	-0.26%
Momentum Metropolitan Holdings	MMT	14.71	14.35	-2.45%
Old Mutual Ltd	OMM	11.44	11.30	-1.22%
Sanlam Limited	SLA	54.59	53.93	-1.21%
Santam Limited	SNM	267.17	270.01	1.06%
Vukile Property Fund Limited	VKN	13.72	13.73	0.07%
Investec Limited	IVD	87.06	87.88	0.94%
PSG Konsult Limited	KFS	11.50	11.18	-2.78%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.22	272.83	0.22%
New Gold Palladium ETF	NGNPLD	291.01	286.70	-1.48%
New Gold Platinum ETF N	NGNPLT	145.91	143.22	-1.84%
New Funds S&P NAM Bond	NFNAMA	16.87	16.91	0.24%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.91
EUR/ZAR	16.82
GBP/ZAR	19.51
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.47
Commodities
Gold	1,835.40
Silver	21.43
Platinum	928.90
Palladium	1,866.50
WTI	105.08
Brent	109.79

Table 5: Exchange Rates and Commodities 

Local News

The country’s agriculture parastatal, which currently finds itself in a vegetative state, has allegedly paid board members close to N$ 250,000 in retainer fees- despite having nothing to show for it since their appointment in April 2021 (Namibian Sun)

A local pharmaceutical company yesterday lodged an urgent application in the Windhoek High Court where it is challenging certain conditions in a lucrative tender to supply medicine to the government   (New Era Newspaper)

The government plans to make getting a divorce cheaper and easier with its new proposed divorce law. (The Namibian)

Sub-Sahara News

The Passenger Rail Agency of South Africa (Prasa) told Parliament that it would need around R7.5 billion over five years as it works to refurbish up to 400 passenger rail coaches around the country and get them back in fully functional condition. (News24)

World Bank has approved a $2.3 billion program for Eastern and Southern African countries to help them tackle food insecurity, the bank said in a statement. (CNBC Africa)

The regional workshop of the expert committee on the harmonization of regulatory and supervisory frameworks of banking and microfinance institutions in ECOWAS Member States in preparation for the launch of the ECO (new ECOWAS currency) is underway in Banjul (All Africa News)

International News

The death toll from an earthquake in Afghanistan on Wednesday hit 1,000, disaster management officials said, with more than 600 injured, and the toll is expected to grow as information trickles in from remote mountain villages. (Reuters)

Ford Motor Co. (F) is recalling about 2.9 million vehicles to fix a defective part that may prevent the vehicle from shifting into the intended gear. (RTT News)

A suburb in the US city of Minneapolis, Minnesota has agreed to pay $3.2m to the family of Daunte Wright, a Black man who was fatally shot by a police officer who said she confused her gun for her taser. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	473,209	10,354,712	100.00%
ETFs	-	-	0.00%
Total	473,209	10,354,712	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 10,354,712 worth of shares was traded on the NSX on Tuesday with about N$ 239,017 worth of Shoprite Holdings, and N$ 2,225,337 worth of Paratus Namibia Holdings Ltd on the home front. No ETFs were traded on Tuesday

HEI Equity Research Commentary

From the trading activity that took place:

• Shares in Shoprite Holdings were subscribed, resulting in a decrease in share price
• On the local NSX listing, shares belonging to Paratus Namibia Holdings Ltd were traded resulting in a slight increase in the share price of 5% 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	12.80	12.80	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	2.98	3.00	0.67%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.80	5.00%
Mobile Telecommunication Company	MOC	7.90	7.90	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	657.96	656.49	-0.22%
B2Gold Corporation	B2G	58.70	57.79	-1.55%
Oceana Group Limited	OCG	56.00	52.14	-6.89%
Mediclinic International Plc	MEP	85.36	84.05	-1.53%
Truworths	TRW	53.88	54.82	1.74%
Nedbank Group Limited	NBK	218.56	224.54	2.74%
Standard Bank Group	SNB	162.87	163.35	0.29%
Shoprite Holdings	SRH	220.56	218.63	-0.88%
FirstRand Limited	FST	66.41	66.54	0.20%
Momentum Metropolitan Holdings	MMT	14.52	14.71	1.31%
Old Mutual Ltd	OMM	11.36	11.44	0.70%
Sanlam Limited	SLA	54.95	54.59	-0.66%
Santam Limited	SNM	269.46	267.17	-0.85%
Vukile Property Fund Limited	VKN	13.59	13.72	0.96%
Investec Limited	IVD	89.10	87.06	-2.29%
PSG Konsult Limited	KFS	12.18	11.50	-5.58%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	275.33	272.22	-1.13%
New Gold Palladium ETF	NGNPLD	287.37	291.01	1.27%
New Gold Platinum ETF N	NGNPLT	145.24	145.91	0.46%
New Funds S&P NAM Bond	NFNAMA	16.82	16.87	0.30%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.98
EUR/ZAR	16.76
GBP/ZAR	19.54
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	136.27
Commodities
Gold	1,826.40
Silver	21.32
Platinum	931.85
Palladium	1,848.34
WTI	105.41
Brent	110.74

Table 5: Exchange Rates and Commodities 

Local News

The ministry of justice says it is confident it will secure the extradition of runaway lawyer Maren de Klerk to allow him to be charged in the same vein as his Fishrot co-accused (Namibian Sun)

A UK-headquartered company, currently contracted to provide ground handling services at the Hosea Kutako International Airport, has refused to hand over the reins to a joint venture between Paragon Investment Holdings and Ethiopia Airlines.   (New Era Newspaper)

The Prosecutor General of Namibia has accused three Namibians of defrauding a British company of N$7 million by illegally selling diamonds without relevant documents. (The Namibian)

Sub-Sahara News

The Just Energy Transition Partnership (JetP) – which pledged $8.5 billion (around R136 billion) towards SA's transition to a lower-carbon economy last November at the COP26 global summit – released its six-month report on Tuesday, outlining steps so far taken to assist SA to reach its ambitious mitigation goals (News24)

Ukraine’s President Volodymyr Zelenskiy said on Monday that Africa was a “hostage” in the war with Russia, which had contributed to rising food prices on the continent. (CNBC Africa)

A shocking new UN report released on Tuesday indicates that the number of crisis-impacted school-aged children requiring educational support has grown from an estimated 75 million in 2016, to 222 million today. (All Africa News)

International News

Ukrainian and Russian forces were entrenched in eastern Ukrainian battlegrounds on Wednesday, a day of commemoration in both countries to mark the anniversary of Hitler's invasion of the Soviet Union in 1941. (Reuters)

Asian stocks ended Wednesday's session on a mixed note as investors awaited the Federal Reserve's interest rate decision later in the day for clues on how aggressive the U.S. central bank intends to be in the coming months (RTT News)

North Korean leader Kim Jong Un has opened a meeting of senior military officials to discuss national defense policies and a continuing arms buildup following a series of ballistic missile tests this year that have stirred tensions with Washington and Seoul. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	920,668	28,001,289	100.00%
ETFs	-	-	0.00%
Total	920,668	28,001,289	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 28,001,289 worth of shares was traded on the NSX on Monday with about N$ 5,208,792 worth of Anglo- American, N$   1, 1,937 worth of Shoprite Holdings, and N$   8,769,106 worth of Capricorn Group Limited on the home front. No ETFs were traded on Monday

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American shares price were dumped causing an increase in share price at closing
• Shares in Shoprite Holdings were subscribed, resulting in a decrease in share price
• On the local NSX listing, shares belonging to the Capricorn Group Limited were traded resulting in a slight increase in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	41.00	40.00	-2.44%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.79	12.80	0.08%
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	2.98	2.98	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.19	0.00%
Mobile Telecommunication Company	MOC	7.90	7.90	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	646.96	657.96	1.70%
B2Gold Corporation	B2G	60.11	58.70	-2.35%
Oceana Group Limited	OCG	59.59	56.00	-6.02%
Mediclinic International Plc	MEP	88.56	85.36	-3.61%
Truworths	TRW	52.97	53.88	1.72%
Nedbank Group Limited	NBK	211.45	218.56	3.36%
Standard Bank Group	SNB	158.01	162.87	3.08%
Shoprite Holdings	SRH	211.19	220.56	4.44%
FirstRand Limited	FST	64.23	66.41	3.39%
Momentum Metropolitan Holdings	MMT	14.82	14.52	-2.02%
Old Mutual Ltd	OMM	11.40	11.36	-0.35%
Sanlam Limited	SLA	54.19	54.95	1.40%
Santam Limited	SNM	272.00	269.46	-0.93%
Vukile Property Fund Limited	VKN	13.63	13.59	-0.29%
Investec Limited	IVD	87.01	89.10	2.40%
PSG Konsult Limited	KFS	12.46	12.18	-2.25%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.96	275.33	0.87%
New Gold Palladium ETF	NGNPLD	288.63	287.37	-0.44%
New Gold Platinum ETF N	NGNPLT	144.91	145.24	0.23%
New Funds S&P NAM Bond	NFNAMA	16.84	16.82	-0.12%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.05
EUR/ZAR	16.88
GBP/ZAR	19.67
EUR/GBP	0.85
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	135.10
Commodities
Gold	1,836.40
Silver	21.52
Platinum	932.85
Palladium	1,850.03
WTI	109.72
Brent	114.84

Table 5: Exchange Rates and Commodities 

Local News

Environment and tourism minister Pohamba Shifeta has confirmed suspicions that some of the ministry’s rangers are part of syndicates causing poaching havoc in the Etosha National Park. (Namibian Sun)

Swapo vice president Netumbo Nandi-Ndaitwah says the long-held dream by Founding President Sam Nujoma to pump water thousands of kilometers from the Congo River in the Democratic Republic of Congo to Namibia should be revived to ensure water security.   (New Era Newspaper)

The Ministry of Agriculture, Water and Land Reform’s promotion of a draft bill that would allow foreigners to lease communal land for 99 years has drawn backlash from political players, analysts, and traditional leaders. (The Namibian)

Sub-Sahara News

A new $300 million (~R4.8 billion) fund has been established to help accelerate the adoption of renewable energy in Africa. (News24)

Omnia delivers strong earnings growth amid global supply chain disruptions. (CNBC Africa)

As of June 20, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,819,858 while 314,903,272 vaccinations have been administered across the continent. (All Africa News)

International News

Former Tesla Inc (TSLA.O) employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notice of the job cuts. (Reuters)

Markets remain subdued as anxiety over persisting inflation dampened market sentiment ahead of the monetary policy reviews by the Federal Reserve on Wednesday and the Bank of England on Thursday. (RTT News)

Dmitry Muratov, the Russian editor-in-chief of the independent newspaper Novaya Gazeta, has auctioned off his Nobel Peace Prize medal for a record $103.5m to help Ukrainian children displaced by the war. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	158,976	29,542,978	99.79%
ETFs	228	62,625	0.21%
Total	159,204	29,605,603	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 29,542,978 worth of shares was traded on the NSX on Friday, with about N$ 25,349,978  worth of Anglo- American, N$   1,572,446 worth of Oceana Group Limited, and N$  35,943 worth of Mobile Telecommunications Limited on the home front. ETFs worth N$ 62,625  were traded on Friday

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American shares prices were dumped causing a decrease of -6.9% at closing.
• Shares in Oceana Group Limited were subscribed, however, there was no change in share price.
• On the local NSX listing, shares belonging to the Mobile Telecommunications Limited were traded resulting in a slight increase in share price.
• New Gold Issuer Ltd NM ETF exchanged hands but there was no change in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.99	41.00	0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.79	12.79	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.51	4.25	-5.76%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.98	2.98	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.19	0.00%
Mobile Telecommunication Company	MOC	7.88	7.90	0.25%
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	694.87	646.96	-6.89%
B2Gold Corporation	B2G	60.00	60.11	0.18%
Oceana Group Limited	OCG	59.59	59.59	0.00%
Mediclinic International Plc	MEP	85.84	88.56	3.17%
Truworths	TRW	52.97	52.97	0.00%
Nedbank Group Limited	NBK	217.40	211.45	-2.74%
Standard Bank Group	SNB	162.17	158.01	-2.57%
Shoprite Holdings	SRH	217.44	211.19	-2.87%
FirstRand Limited	FST	66.57	64.23	-3.52%
Momentum Metropolitan Holdings	MMT	14.99	14.82	-1.13%
Old Mutual Ltd	OMM	11.66	11.40	-2.23%
Sanlam Limited	SLA	56.12	54.19	-3.44%
Santam Limited	SNM	272.50	272.00	-0.18%
Vukile Property Fund Limited	VKN	13.96	13.63	-2.36%
Investec Limited	IVD	91.03	87.01	-4.42%
PSG Konsult Limited	KFS	11.58	12.46	7.60%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.98	272.96	-0.01%
New Gold Palladium ETF	NGNPLD	288.63	288.63	0.00%
New Gold Platinum ETF N	NGNPLT	144.91	144.91	0.00%
New Funds S&P NAM Bond	NFNAMA	16.84	16.84	0.00%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.96
EUR/ZAR	16.81
GBP/ZAR	19.54
EUR/GBP	0.86
EUR/USD	1.05
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	134.91
Commodities
Gold	1,846.40
Silver	21.71
Platinum	936.00
Palladium	1,842.28
WTI	108.89
Brent	114.00

Table 5: Exchange Rates and Commodities 

Local News

Bank of Namibia governor Johaness !Gawaxab says the government should lease out its green scheme operations, adding that it is not deriving the necessary benefits from the current arrangements. (Namibian Sun)

Preliminary investigations by the Namibian Competition Commission (NaCC) have found that some local insurance companies have contravened the law by entering into exclusive agreements with various windscreen retailers.   (New Era Newspaper)

The Ministry of Agriculture, Water and Land Reform’s promotion of a draft bill that would allow foreigners to lease communal land for 99 years has drawn backlash from political players, analysts, and traditional leaders. (The Namibian)

Sub-Sahara News

Companies are facing a different breed of consumers they didn't see coming a mere three years ago. Now, "humanising" their businesses will be a major factor in determining who will thrive and who might be forgotten in the next decade. (News24)

Emerging market stocks were set to end Friday with their biggest weekly declines in more than three months, while other assets posted sharp falls on mounting fears of a global recession as central banks aggressively tighten monetary policy. (CNBC Africa)

More than 200 civilians are reported killed in the war-torn West Wollega zone of Oromia regional state in what the Ethiopian Human Rights Commission (EHRC) said was related to clashes between government security forces and Oromo Liberation Army (OLA). (All Africa News)

International News

President Joe Biden's administration is reviewing the removal of some tariffs on China and a possible pause on the federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said on Sunday. (Reuters)

Asian stocks nosedived on Monday as hotter-than-expected U.S. inflation data coupled with news that China's capital Beijing is facing an "explosive" COVID-19 outbreak connected to bar-stoked concerns about global growth. (RTT News)

North Korea recorded 18,820 more cases of fever and no new deaths amid its first official COVID-19 outbreak, state media said on Monday, as authorities continue to insist infections in the impoverished country are being brought under control. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	152,961	12,216,154	100.00%
ETFs	-	-	0.00%
Total	152,961	12,216,154	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12,216,154 worth of shares was traded on the NSX on Wednesday, with about N$ 367,072 worth of Anglo- American, N$  3,755,584  worth of Oceana Group Limited, and no trading occurred on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American shares price slightly increases closing at 4.1% .
• Shares in Oceana Group Limited were subscribed resulting an increase of 3.6% at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.99	40.99	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.79	12.79	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.51	4.51	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.98	2.98	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.19	0.00%
Mobile Telecommunication Company	MOC	7.88	7.88	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	667.66	694.87	4.08%
B2Gold Corporation	B2G	61.57	60.00	-2.55%
Oceana Group Limited	OCG	57.50	59.59	3.63%
Mediclinic International Plc	MEP	85.75	85.84	0.10%
Truworths	TRW	51.83	52.97	2.20%
Nedbank Group Limited	NBK	213.22	217.40	1.96%
Standard Bank Group	SNB	159.29	162.17	1.81%
Shoprite Holdings	SRH	209.20	217.44	3.94%
FirstRand Limited	FST	64.86	66.57	2.64%
Momentum Metropolitan Holdings	MMT	15.00	14.99	-0.07%
Old Mutual Ltd	OMM	11.45	11.66	1.83%
Sanlam Limited	SLA	54.55	56.12	2.88%
Santam Limited	SNM	270.70	272.50	0.66%
Vukile Property Fund Limited	VKN	13.96	13.96	0.00%
Investec Limited	IVD	90.30	91.03	0.81%
PSG Konsult Limited	KFS	11.15	11.58	3.86%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.66	272.98	0.12%
New Gold Palladium ETF	NGNPLD	282.52	288.63	2.16%
New Gold Platinum ETF N	NGNPLT	144.32	144.91	0.41%
New Funds S&P NAM Bond	NFNAMA	16.73	16.84	0.66%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.88
EUR/ZAR	16.58
GBP/ZAR	19.27
EUR/GBP	0.86
EUR/USD	1.04
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	134.37
Commodities
Gold	1,833.70
Silver	21.63
Platinum	931.65
Palladium	1,838.53
WTI	116.30
Brent	119.34

Table 5: Exchange Rates and Commodities 

Local News

State House has rejected suggestions of investigating whether President Hage Geingob abused his position by using Namibian state institutions in a private matter of the theft of N$65 million belonging to his South African counterpart Cyril Ramaphosa (Namibian Sun)

Medical professionals have questioned a decision by the Health Professionals Council of Namibia to exempt doctors who undergo a remedial programme as medical interns, from writing the council examination.   (New Era Newspaper)

Fourteen companies were competing with each other in the past months to supply the Central Procurement Board of Namibia (CPBN) with a microwave, brass padlocks, kitchen utensils, top freezer, and urn. (The Namibian)

Sub-Sahara News

US stocks extended their rally on Wednesday in volatile trade and Treasury yields rose after the Federal Reserve raised interest rates by three-fourths of a percentage point, the biggest increase since 1994, as it sought to tamper with surging inflation. (News24)

Britain pressed on with its strategy of deporting asylum seekers to Rwanda on Wednesday and is planning further flights despite a last-minute intervention by European judges that grounded the first plane minutes before it was due to depart. (CNBC Africa)

As of June 15, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,792,787 while 323,261,238 vaccinations have been administered across the continent. (All Africa News)

International News

Russia has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show. (Reuters)

Asian stocks fell on Thursday, U.S. bond yields edged up and the Japanese yen slid to fresh 20-year lows against the dollar as investors waited for cues from the European Central Bank (ECB) meeting later in the day and Friday's U.S. consumer inflation. (RTT News)

The US Federal Reserve raised its target interest rate by three-quarters of a percentage point in an effort to drive down a surge in inflation and projected a slowing economy and rising unemployment in the months to come. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	115,373	11,881,395	100.00%
ETFs	-	-	0.00%
Total	115,373	11,881,395	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 11,881,395 worth of shares was traded on the NSX on Tuesday, with about N$ 1,952,903 worth of Anglo- American, N$  324,411  worth of Shoprite Holdings, and N$  606,490 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:

• Anglo-American shares price decreased at closing following a market meltdown on the JSE
• Shares in Shoprite Holdings slightly decreased at closing
• On the local NSX front, Namibia Breweries shares were traded in large volumes resulting in 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	40.99	2.48%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	12.79	12.79	0.00%
First Rand Namibia	FNB	30.50	30.50	0.00%
Standard Bank Namibia	SNO	4.50	4.51	0.22%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.98	2.98	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.19	12.19	0.00%
Mobile Telecommunication Company	MOC	7.99	7.88	-1.38%
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	709.00	687.11	-3.09%
B2Gold Corporation	B2G	60.91	66.46	9.11%
Oceana Group Limited	OCG	56.20	56.00	-0.36%
Mediclinic International Plc	MEP	84.49	85.48	1.17%
Truworths	TRW	53.80	51.59	-4.11%
Nedbank Group Limited	NBK	215.76	213.00	-1.28%
Standard Bank Group	SNB	155.58	155.52	-0.04%
Shoprite Holdings	SRH	209.28	209.98	0.33%
FirstRand Limited	FST	65.63	65.20	-0.66%
Momentum Metropolitan Holdings	MMT	14.28	14.49	1.47%
Old Mutual Ltd	OMM	12.01	11.70	-2.58%
Sanlam Limited	SLA	57.68	55.23	-4.25%
Santam Limited	SNM	270.00	265.37	-1.71%
Vukile Property Fund Limited	VKN	14.55	14.23	-2.20%
Investec Limited	IVD	91.00	90.32	-0.75%
PSG Konsult Limited	KFS	11.70	11.35	-2.99%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	274.24	275.56	0.48%
New Gold Palladium ETF	NGNPLD	286.87	283.51	-1.17%
New Gold Platinum ETF N	NGNPLT	147.90	147.55	-0.24%
New Funds S&P NAM Bond	NFNAMA	16.86	16.66	-1.19%

Table 4: ETFs

Exchange Rates
USD/ZAR	16.02
EUR/ZAR	16.72
GBP/ZAR	19.52
EUR/GBP	0.85
EUR/USD	1.04
GBP/USD	1.25
AUD/USD	0.69
USD/JPY	134.61
Commodities
Gold	1,830.10
Silver	21.26
Platinum	937.35
Palladium	1,802.53
WTI	121.56
Brent	123.03

Table 5: Exchange Rates and Commodities 

Local News

Two unions representing civil servants have until this Friday to determine their next step in a salary-increase battle they’ve been fighting since last year. (Namibian Sun)

The Kunene Regional Council has been thrown into panic mode following allegations of falsification of procurement documents and official signatures related to awarding of medical tenders in the region.  (New Era Newspaper)

The Anti-Corruption Commission (ACC) is investigating a Namibian company that allegedly faked a letter of award, using a Ministry of Health and Social Service letterhead and the signature of its executive director, Ben Nangombe. (The Namibian)

Sub-Sahara News

Despite another grim day on the markets, the JSE’s losses remain relatively contained compared to some of the other major markets. (News24)

Formula One boss Stefano Domenicali arrived in South Africa on Monday for talks that could see the country’s Kyalami circuit return to the Grand Prix calendar next year for the first time since 1993. (CNBC Africa)

Africa should be under no illusion about Vladimir Putin's invasion of Ukraine. It is the equivalent of France deciding it would like to have Algeria back or Portugal seeking to recover Mozambique and Angola or Britain aspiring to rule once more from the Cape to Cairo. (All Africa News)

International News

Britain published plans on Monday to override some post-Brexit trade rules for Northern Ireland by scrapping checks and challenging the role played by the European Union's court in a new clash with Brussels.. (Reuters)

Asian stocks ended mixed on Tuesday after a sell-off in the U.S. bond market overnight fueled anxiety about a possible economic slowdown. (RTT News)

At least 50 people have died in an attack by armed men on a village in northern Burkina Faso, a government spokesman said. (Aljazeera News)