Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,361,720	72,146,453	100.00%
ETFs	-	-	0.00%
Total	1,361,720	72,146,453	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 72,146,453 worth of shares was traded on the NSX on Thursday, with about N$ 11,728,036 worth of Anglo-American plc, N$    2,001,095 worth of Shoprite Holdings and N$  132,400  of Namibia Breweries 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 reduced as sell-off trend develops in the mining index on the stock market.
• Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
• On the NSX local listing, Namibia Breweries Ltd shares were sold off by market participants.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.01	40.00	-0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.30	13.30	0.00%
First Rand Namibia	FNB	30.04	30.04	0.00%
Standard Bank Namibia	SNO	4.51	4.50	-0.22%
Oryx Limited	ORY	10.21	10.21	0.00%
Letshego	LHN	2.50	2.50	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	12.01	12.01	0.00%
Mobile Telecommunication Company	MOC	7.53	7.53	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	792.00	740.07	-6.56%
B2Gold Corporation	B2G	72.57	72.57	0.00%
Oceana Group Limited	OCG	56.36	56.00	-0.64%
Mediclinic International Plc	MEP	75.08	76.81	2.30%
Truworths	TRW	56.35	55.39	-1.70%
Nedbank Group Limited	NBK	221.84	221.28	-0.25%
Standard Bank Group	SNB	165.59	170.36	2.88%
Shoprite Holdings	SRH	237.30	235.10	-0.93%
FirstRand Limited	FST	67.98	69.53	2.28%
Momentum Metropolitan Holdings	MMT	17.00	16.62	-2.24%
Old Mutual Ltd	OMM	12.09	12.29	1.65%
Sanlam Limited	SLA	68.45	69.29	1.23%
Santam Limited	SNM	295.00	295.02	0.01%
Vukile Property Fund Limited	VKN	13.63	13.38	-1.83%
Investec Limited	IVD	98.40	100.11	1.74%
PSG Konsult Limited	KFS	14.30	13.75	-3.85%

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	278.86	1.53%
New Gold Palladium ETF	NGNPLD	355.68	364.18	2.39%
New Gold Platinum ETF N	NGNPLT	143.82	144.59	0.54%
New Funds S&P NAM Bond	NFNAMA	16.43	16.43	0.00%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.41
EUR/ZAR	16.72
GBP/ZAR	20.08
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	127.83
Commodities
Gold	1,956.00
Silver	24.64
Platinum	967.80
Palladium	2,428.02
WTI	102.53
Brent	107.02

Table 5: Exchange Rates and Commodities 

Local News

A total of 96,139 births were registered last year, while 17,353 people died and more than 5,000 new marriages were registered in Namibia during the same period. (Namibian Sun)

The Ministry of Mines and Energy said that consultations are ongoing on how to potentially reduce fuel levies or taxes to provide some reprieve to Namibian consumers.  (New Era Newspaper)

National Petroleum Corporation of Namibia (Namcor) managing director Immanuel Mulunga says the country in 2014 missed out on a massive opportunity to commercialise the Kudu gas project. (The Namibian)

Sub-Sahara News

In a province which relies heavily on tourism, the pre-Easter holiday season floods could not have come at a worse time, particularly on the back of the July 2021 riots which left more than 300 people dead, nearly two million people unemployed and more than R50 billion "wiped off the economy", in the words of President Cyril Ramaphosa. (News24)

Zambia’s debt restructuring process has “stalled” as it awaits the formation of a creditor committee, Finance Minister Situmbeko Musokotwane said on Thursday at the International Monetary Fund (IMF) Spring Meetings. (CNBC Africa)

As of April 21, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,468,994 while over 282,593,552 vaccinations have been administered across the continent. (All Africa News)

International News

North Korean leader Kim Jong Un exchanged friendly letters with outgoing South Korean President Moon Jae-in this week, in what North Korean state media described as a rare moment of positive news for both countries. (Aljazeera News)

After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April. (RTT News)

North Korean leader Kim Jong Un has thanked South Korea's outgoing president for trying to improve relations, a rare gesture of goodwill but one that analysts said may not be enough to head off growing tension between the two Koreas. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	7,023,134	192,058,909	99.67%
ETFs	2,351	642,528	0.33%
Total	7,025,485	192,701,437	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 192,058,909 worth of shares was traded on the NSX on Wednesday, with about N$ 15,141,604 worth of Mediclinic International, N$   17,910,195 worth of Shoprite Holdings and N$ 8,782,195 of Namibia Breweries on the home front. ETFs worth N$ 642,528 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Mediclinic International, share price increased in price at closing
• Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
• On the NSX local listing, Namibia Breweries Ltd shares were bought 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	13.30	0.00%
First Rand Namibia	FNB	30.05	30.04	-0.03%
Standard Bank Namibia	SNO	4.50	4.51	0.22%
Oryx Limited	ORY	10.20	10.21	0.10%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.67	1.52%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.01	12.01	0.00%
Mobile Telecommunication Company	MOC	7.52	7.53	0.13%
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	804.44	792.00	-1.55%
B2Gold Corporation	B2G	73.08	72.57	-0.70%
Oceana Group Limited	OCG	56.75	56.36	-0.69%
Mediclinic International Plc	MEP	74.62	75.08	0.62%
Truworths	TRW	55.95	56.35	0.71%
Nedbank Group Limited	NBK	225.31	221.84	-1.54%
Standard Bank Group	SNB	168.50	165.59	-1.73%
Shoprite Holdings	SRH	234.06	237.30	1.38%
FirstRand Limited	FST	69.99	67.98	-2.87%
Momentum Metropolitan Holdings	MMT	16.68	17.00	1.92%
Old Mutual Ltd	OMM	12.33	12.09	-1.95%
Sanlam Limited	SLA	69.25	68.45	-1.16%
Santam Limited	SNM	290.50	295.00	1.55%
Vukile Property Fund Limited	VKN	13.48	13.63	1.11%
Investec Limited	IVD	96.55	98.40	1.92%
PSG Konsult Limited	KFS	14.00	14.30	2.14%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	272.99	274.67	0.62%
New Gold Palladium ETF	NGNPLD	343.53	355.68	3.54%
New Gold Platinum ETF N	NGNPLT	142.52	143.82	0.91%
New Funds S&P NAM Bond	NFNAMA	16.48	16.43	-0.30%

Table 4: ETFs

Exchange Rates
USD/ZAR	15.07
EUR/ZAR	16.35
GBP/ZAR	19.67
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	128.17
Commodities
Gold	1,953.70
Silver	25.15
Platinum	983.35
Palladium	2,442.02
WTI	103.51
Brent	108.25

Table 5: Exchange Rates and Commodities 

Local News

Lawyer Sisa Namandje yesterday confirmed he has been instructed by his client, Belgian company Challenger Air, to approach the High Court with a bid to liquidate TransNamib. (Namibian Sun)

Namibia should not be apologetic for having discovered oil, but the country should ensure it derives maximum benefit from it.  (New Era Newspaper)

National Petroleum Corporation of Namibia (Namcor) managing director Immanuel Mulunga says the country in 2014 missed out on a massive opportunity to commercialise the Kudu gas project. (The Namibian)

Sub-Sahara News

The South African Civil Aviation Authority (SACAA) is growing increasingly concerned about the number of air safety incidents and accidents in the country. (News24)

Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could mean an end to the rampant practice of borrowing a family member’s or friend’s — or loose acquaintance’s — login information. (CNBC Africa)

As of April 20, 2022, confirmed cases of Covid-19 from 55 African countries reached  11,465,800 while over 282,567,569 vaccinations have been administered across the continent. (All Africa News)

International News

Cut off from international payments systems by Western-led sanctions, Russia has turned to China to obtain the microchips it needs to meet surging demand for its domestic bank cards. (Aljazeera News)

Asian stocks advanced on Thursday, as a retreat in U.S. Treasury yields helped push rate-sensitive tech stocks higher and China pledged measures to cushion the damage to the economy due to the stringent lockdown measures imposed in Shanghai and elsewhere. (RTT News)

In a show of strength two months into its assault on Ukraine, Russia test-launched a new nuclear-capable intercontinental ballistic missile which President Vladimir Putin said on Wednesday would make Moscow's enemies stop and think. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	4,559,439	166,121,780	99.36%
ETFs	7,300	1,064,307	0.64%
Total	4,566,739	167,186,087	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 48,151,066 worth of shares was traded on the NSX on Tuesday, with about N$ 2,007,820 worth of Anglo-American plc, N$ 557,422  worth of Shoprite Holdings and N$ 7,980,000  of Capricorn Group on the home front. ETFs worth N$ 1,064,307 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased in price at closing
• Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
• On the NSX local listing, Capricorn Group shares were allotted by subscribers.

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	13.15	13.30	1.14%
First Rand Namibia	FNB	29.51	30.05	1.83%
Standard Bank Namibia	SNO	4.50	4.50	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.01	12.01	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

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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	796.60	804.44	0.98%
B2Gold Corporation	B2G	71.70	73.08	1.92%
Oceana Group Limited	OCG	57.00	56.75	-0.44%
Mediclinic International Plc	MEP	73.66	74.62	1.30%
Truworths	TRW	54.59	55.95	2.49%
Nedbank Group Limited	NBK	220.18	225.31	2.33%
Standard Bank Group	SNB	166.59	168.50	1.15%
Shoprite Holdings	SRH	233.12	234.06	0.40%
FirstRand Limited	FST	69.88	69.99	0.16%
Momentum Metropolitan Holdings	MMT	16.90	16.68	-1.30%
Old Mutual Ltd	OMM	12.23	12.33	0.82%
Sanlam Limited	SLA	68.61	69.25	0.93%
Santam Limited	SNM	288.56	290.50	0.67%
Vukile Property Fund Limited	VKN	13.54	13.48	-0.44%
Investec Limited	IVD	93.55	96.55	3.21%
PSG Konsult Limited	KFS	13.45	14.00	4.09%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	271.25	272.99	0.64%
New Gold Palladium ETF	NGNPLD	332.36	343.53	3.36%
New Gold Platinum ETF N	NGNPLT	139.14	142.52	2.43%
New Funds S&P NAM Bond	NFNAMA	16.53	16.48	-0.30%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.97
EUR/ZAR	16.19
GBP/ZAR	19.50
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	128.69
Commodities
Gold	1,941.95
Silver	25.07
Platinum	977.20
Palladium	2,395.02
WTI	102.62
Brent	107.82

Table 5: Exchange Rates and Commodities 

Local News

The Business Rescue Task Force (BRTF) has recommended an amendment to the insolvency Act to help struggling businesses from collapse, while the development of a business rescue fund was also proposed. (Namibian Sun)

The Anti-Corruption Commission has entered the fray in the parliament corruption scandal that broke over the Easter weekend. (New Era Newspaper)

A parliamentary standing committee on natural resources prematurely ended a meeting with the Ministry of Agriculture, Water and Land Reform after its officials failed to study an Affirmative Repositioning (AR) movement’s foreign land ownership petition. (The Namibian)

Sub-Sahara News

Matshela Koko, a former Eskom CEO who left the company under a cloud in 2018, has lost in court for the third time running as he tried to justify his punitive litigation against a member of the public who called him a crook on social media. (News24)

African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday. (CNBC Africa)

The conditions of nearly 90% of the International Monetary Fund's pandemic-related loans are forcing developing nations suffering some of the world's worst humanitarian crises to implement austerity measures that fuel further impoverishment and inequality. (All Africa News)

International News

When Chinese Premier Li Keqiang called for a “sense of urgency” about growing economic risks during a meeting with provincial officials earlier this week, it was his third such warning in days. (Aljazeera News)

China's exports grew more than expected in March and imports logged an unexpected fall largely due to the lockdown and supply chain disruptions, official data revealed on Wednesday. (RTT News)

Shanghai reported on Wednesday no new cases of COVID-19 outside quarantined areas in two districts, raising hopes that the tide was turning in its battle against the epidemic, with some factories around the city making a gradual return to work. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	488,938	48,151,066	100.00%
ETFs	-	-	0.00%
Total	488,938	48,151,066	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 48,151,066 worth of shares was traded on the NSX on Wednesday, with about N$7,199,748 worth of Anglo-American plc, N$   65,299  worth of Shoprite Holdings and N$   9,360 of Namibia Breweries on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price increased in price at closing
• Shares belonging to Shoprite Holdings were sold off as market conditions intensify.
• On the NSX local listing, Paratus Namibia Holdings Ltd shares were sold off.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	40.01	40.00	-0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.69	13.69	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	4.99	4.99	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.51	2.51	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.01	12.01	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	771.40	781.42	1.30%
B2Gold Corporation	B2G	68.58	69.03	0.66%
Oceana Group Limited	OCG	58.77	57.60	-1.99%
Mediclinic International Plc	MEP	71.50	72.82	1.85%
Truworths	TRW	55.14	55.25	0.20%
Nedbank Group Limited	NBK	221.06	219.15	-0.86%
Standard Bank Group	SNB	171.95	166.52	-3.16%
Shoprite Holdings	SRH	238.77	234.61	-1.74%
FirstRand Limited	FST	71.54	70.49	-1.47%
Momentum Metropolitan Holdings	MMT	17.59	16.89	-3.98%
Old Mutual Ltd	OMM	13.39	12.61	-5.83%
Sanlam Limited	SLA	70.50	69.44	-1.50%
Santam Limited	SNM	293.53	284.37	-3.12%
Vukile Property Fund Limited	VKN	13.66	13.92	1.90%
Investec Limited	IVD	95.40	93.28	-2.22%
PSG Konsult Limited	KFS	13.80	13.54	-1.88%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	266.67	269.08	0.90%
New Gold Platinum ETF N	NGNPLT	335.60	334.76	-0.25%
New Funds S&P NAM Bond	NFNAMA	137.48	137.36	-0.09%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.55
EUR/ZAR	15.88
GBP/ZAR	19.11
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	125.37
Commodities
Gold	1,974.10
Silver	26.03
Platinum	986.00
Palladium	2,358.02
WTI	103.00
Brent	107.73

Table 5: Exchange Rates and Commodities 

Local News

Politicians have been fingered by the Government Institutions Pension Fund (GIPF) as some of the culprits whenit comes to squandering pension money, subsequently subjecting them to rely on money from families and friends to get by. (Namibian Sun)

Political parties are seemingly embarking on early campaigns by aggressively coming out of their cacoons to snap up potential members as the political landscape heats up ahead of the 2024 general elections.  (New Era Newspaper)

Railway company TransNamib is moving to auction non-core properties, which mostly compromise the houses accommodating staff members. (The Namibian)

Sub-Sahara News

This week’s devastating flooding, which has left over 300 people dead, according to latest estimates, is the third major flood disaster in KwaZulu-Natal in the past three years. (News24)

Sub-Saharan Africa’s economy is set to grow 3.6% this year, down from 4% in 2021, the World Bank said on Wednesday, as it warned rising food and energy prices fuelled by Russia’s war in Ukraine could spark civil unrest in the region. (CNBC Africa)

In an unexpected announcement, Prime Minister Patrick Achi and his Cabinet have tendered their resignation. The leader of Ivory Coast's government had held the job for a little over a year. (All Africa News)

International News

When Chinese Premier Li Keqiang called for a “sense of urgency” about growing economic risks during a meeting with provincial officials earlier this week, it was his third such warning in days. (Aljazeera News)

European stocks advanced on Thursday, even as a cautious undertone prevailed following hawkish Federal Reserve minutes and Washington's new sanctions against Russia. (RTT News)

The man suspected of setting off smoke bombs and spraying gunfire inside a New York City subway car, injuring 23 people, was arrested on Wednesday on a federal charge of violently attacking a mass transportation system, capping an around-the-clock manhunt. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	192,462	12,835,322	100.00%
ETFs	-	-	0.00%
Total	192,462	12,835,322	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12,835,322 worth of shares was traded on the NSX on Tuesday, with about N$  8,057,912  worth of Anglo-American plc, N$  341,961 worth of Oceana Group Limited and N$  46,239  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:

• Anglo-American share price decreased in price as market tremble aimed the geo-political tensions around the world.
• Shares belonging to Oceana Group Limited increased in price despite bearish conditions
• On the NSX local listing, Paratus Namibia Holdings Ltd shares were sold off.

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	13.69	13.69	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	4.99	4.99	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.51	2.51	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.02	12.01	-0.08%
Mobile Telecommunication Company	MOC	7.52	7.52	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	777.00	771.40	-0.72%
B2Gold Corporation	B2G	68.14	68.58	0.65%
Oceana Group Limited	OCG	58.23	58.77	0.93%
Mediclinic International Plc	MEP	71.91	71.50	-0.57%
Truworths	TRW	57.00	55.14	-3.26%
Nedbank Group Limited	NBK	223.00	221.06	-0.87%
Standard Bank Group	SNB	173.52	171.95	-0.90%
Shoprite Holdings	SRH	242.05	238.77	-1.36%
FirstRand Limited	FST	72.80	71.54	-1.73%
Momentum Metropolitan Holdings	MMT	17.58	17.59	0.06%
Old Mutual Ltd	OMM	13.53	13.39	-1.03%
Sanlam Limited	SLA	70.00	70.50	0.71%
Santam Limited	SNM	290.72	293.53	0.97%
Vukile Property Fund Limited	VKN	13.80	13.66	-1.01%
Investec Limited	IVD	103.30	95.40	-7.65%
PSG Konsult Limited	KFS	13.60	13.80	1.47%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	265.91	266.67	0.29%
New Gold Platinum ETF N	NGNPLT	349.91	335.60	-4.09%
New Funds S&P NAM Bond	NFNAMA	138.76	137.48	-0.92%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.47
EUR/ZAR	15.69
GBP/ZAR	18.84
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	125.64
Commodities
Gold	1,970.70
Silver	25.71
Platinum	974.40
Palladium	2,389.77
WTI	100.86
Brent	105.06

Table 5: Exchange Rates and Commodities 

Local News

Finance Minister Iipumnu Shiimi has defended a change in pension fund regulation that would make it compulsory for individuals to preserve 75% of the value of their pensions until the age of 55. (Namibian Sun)

The Namibia Blood Transfusion Services (NamBTS) is pleading with individuals to come forth and donate blood due to the current shortage of bloody fluid.  (New Era Newspaper)

Swakop Uranium mine is accused of convincing its permanent employees to work overtime in exchange for meals worth N$ 200 at the mine’s canteen. (The Namibian)

Sub-Sahara News

It has emerged that Magister Investments, the obscure Mauritian company planning to take control of Tongaat, has a 41% mystery shareholder which has only been identified as "family" of the public face of the controversial deal. (News24)

The World Bank said on Tuesday it has signed deals to finance four projects in Senegal worth a total of $495 million to help improve education, electricity, economic development and road access to rural areas. (CNBC Africa)

Climate change activist Mithika Mwenda, the Executive Director of the Pan African Climate Justice Alliance (PACJA), is not reluctant to engage African governments to do what's necessary to commit to post-COVID-19 green growth strategies. (All Africa News)

International News

Ukrainian authorities say they captured a prominent pro-Kremlin tycoon who escaped from house arrest after Russia’s invasion. (Aljazeera News)

Asian stocks tumbled on Wednesday, the U.S. dollar strengthened and bond yields surged as investors pondered the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation. (RTT News)

The Chinese commercial capital of Shanghai warned on Wednesday that anyone who violates COVID-19 lockdown rules will be dealt with strictly, while also rallying people to defend their city as its tally of new cases rebounded to more than 25,000. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	132,787	14,602,864	100.00%
ETFs	-	-	0.00%
Total	132,787	14,602,864	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 14,602,864 worth of shares was traded on the NSX on Monday, with about N$ 448,750 worth of Anglo-American plc, N$ 46,098  worth of Mediclinic International Plc and N$ 260,665  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 share price decreased in price as market tremble aimed the geo-political tensions around the world.
• Shares belonging to Mediclinic International Plc increased in price despite bearish conditions
• On the NSX local listing, Namibia Breweries  shares bought before the trading stops on Wednesday as Heineken acquisition comes to an end.

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	13.80	13.69	-0.80%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.00	4.99	-0.20%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.50	2.51	0.40%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.01	12.02	0.08%
Mobile Telecommunication Company	MOC	7.51	7.52	0.13%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	792.31	777.00	-1.93%
B2Gold Corporation	B2G	68.02	68.14	0.18%
Oceana Group Limited	OCG	57.57	58.23	1.15%
Mediclinic International Plc	MEP	71.82	71.91	0.13%
Truworths	TRW	56.95	57.00	0.09%
Nedbank Group Limited	NBK	223.11	223.00	-0.05%
Standard Bank Group	SNB	173.50	173.52	0.01%
Shoprite Holdings	SRH	245.01	242.05	-1.21%
FirstRand Limited	FST	72.63	72.80	0.23%
Momentum Metropolitan Holdings	MMT	17.64	17.58	-0.34%
Old Mutual Ltd	OMM	13.65	13.53	-0.88%
Sanlam Limited	SLA	68.59	70.00	2.06%
Santam Limited	SNM	297.27	290.72	-2.20%
Vukile Property Fund Limited	VKN	13.69	13.80	0.80%
Investec Limited	IVD	103.55	103.30	-0.24%
PSG Konsult Limited	KFS	13.30	13.60	2.26%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	266.49	265.91	-0.22%
New Gold Platinum ETF N	NGNPLT	342.22	349.91	2.25%
New Funds S&P NAM Bond	NFNAMA	138.96	138.76	-0.14%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.55
EUR/ZAR	15.82
GBP/ZAR	18.96
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	125.52
Commodities
Gold	1,957.90
Silver	25.35
Platinum	983.20
Palladium	2,450.50
WTI	96.41
Brent	100.51

Table 5: Exchange Rates and Commodities 

Local News

Chinese businessman Li Bailong has filed a counter lawsuit of N$ 500,000 against former employee Itakeya George, who had accused him of stripping her naked in full view of co-workers and customers. (Namibian Sun)

Former public enterprises minister Leon Jooste says government is struggling to attract quality and skilled board members to fill positions at state-owned enterprises.  (New Era Newspaper)

Namibian trade unions have joined the uproar over the Financial Institutions and Markets Act (FIMA), claiming they have not been consulted by the Namibia Financial Institutions Supervisory Authority (NamFisa) regarding the proposed preservation of retirement benefits. (The Namibian)

Sub-Sahara News

SA's economic recovery depends on affordably, reliable energy - but capitulating to ongoing applications by Eskom for tariff increases in the long term would amount to rewarding inefficiency. (News24)

As Russian troops fought in Ukraine last month and the West sought global support for sanctions against the Kremlin, South African left-wing firebrand Julius Malema told a crowd he and his supporters would never turn on Russia after its support in the fight against apartheid. (CNBC Africa)

Although safe and effective COVID-19 vaccinations are available, the pandemic is still far from over, and countries affected by conflict are in danger of being left behind, the UN Security Council heard on Monday. (All Africa News)

International News

Sharply higher global food and energy prices due to the war in Ukraine are hitting developing countries hard, and better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults, the International Monetary Fund (IMF) said on Monday. (Aljazeera News)

Australia's central bank kept its key interest rate unchanged at a record low, as widely expected, and signaled a hawkish stance going forward (RTT News)

Taiwan's military released a handbook on civil defence for the first time on Tuesday, giving citizens survival guidance in a war scenario as Russia's invasion of Ukraine focuses attention on how the island should respond to China's pressure. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	19,952	2,321,764	62.79%
ETFs	5,160	1,376,172	37.21%
Total	25,112	3,697,936	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$  3,697,936 worth of shares was traded on the NSX on Friday, with about N$   1,278,217  worth of Santam Limited, N$    273,914 worth of Mediclinic International Plc and N$   89,700  of Capricorn Group on the home front. ETFs worth N$ 1,376,172 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Santam Limited share price increased in price as market participants targets insurance companies.
• Shares belonging to Mediclinic International Plc increased in price despite bearish conditions
• On the NSX local listing, Capricorn Group  shares were dumped resulting in decline in share price at market 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	13.84	13.80	-0.29%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.01	12.01	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	766.29	792.31	3.40%
B2Gold Corporation	B2G	66.76	68.02	1.89%
Oceana Group Limited	OCG	57.52	57.57	0.09%
Mediclinic International Plc	MEP	70.25	71.82	2.23%
Truworths	TRW	57.37	56.95	-0.73%
Nedbank Group Limited	NBK	226.34	223.11	-1.43%
Standard Bank Group	SNB	174.27	173.50	-0.44%
Shoprite Holdings	SRH	241.72	245.01	1.36%
FirstRand Limited	FST	73.05	72.63	-0.57%
Momentum Metropolitan Holdings	MMT	17.42	17.64	1.26%
Old Mutual Ltd	OMM	13.80	13.65	-1.09%
Sanlam Limited	SLA	67.88	68.59	1.05%
Santam Limited	SNM	297.00	297.27	0.09%
Vukile Property Fund Limited	VKN	13.58	13.69	0.81%
Investec Limited	IVD	102.06	103.55	1.46%
PSG Konsult Limited	KFS	13.22	13.30	0.61%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	267.50	266.49	-0.38%
New Gold Platinum ETF N	NGNPLT	320.73	342.22	6.70%
New Funds S&P NAM Bond	NFNAMA	136.53	138.96	1.78%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.67
EUR/ZAR	15.97
GBP/ZAR	19.10
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.74
USD/JPY	125.01
Commodities
Gold	1,941.10
Silver	24.85
Platinum	985.45
Palladium	2,485.77
WTI	96.23
Brent	100.84

Table 5: Exchange Rates and Commodities 

Local News

Local fishing industry stakeholders want the government to ban foreigners from taking part in quota auctions, to spur growth in the fishing industry. (Namibian Sun)

The vast swarm of locusts, which have decimated vital crops and grassland in the south of the country, has also been linked to the latest road accident which claimed three lives on Friday outside Keetmanshoop.  (New Era Newspaper)

Momentum is building against a regulation in the Financial Institutions and Markets Act 2 of 2021 (FIMA) which will see 75% of pension lump sums being withheld until a worker reaches the age of 55. (The Namibian)

Sub-Sahara News

South Africa needs $833.6 billion (~R12.3 trillion) to fund its transition to net-zero emissions, and assistance from developed markets is critical, according to a report by Standard Chartered. (News24)

Most emerging market currencies will continue to struggle against the mighty dollar over the coming year as the U.S. Federal Reserve finally delivers expected aggressive policy tightening, according to a Reuters poll of FX strategists. (CNBC Africa)

The National Industrial Court in Lagos has ordered the telecom giant, Airtel, to pay about N160 million to Abdul-Hakeem Olasewere, an employee wrongfully dismissed by the company on Christmas eve, 2013. (All Africa News)

International News

China’s inflation rose more than expected in March as COVID-19 lockdowns and the fallout of the war in Ukraine pushed up prices in the world’s second-largest economy. (Aljazeera News)

German exports rebounded at a stronger-than-expected pace in February, data from Destatis showed on Monday. (RTT News)

French President Emmanuel Macron will take his hunt for extra votes to the industrial heartlands of northern France on Monday, a blue-collar stronghold of his far-right rival Marine Le Pen who he will face in an April 24 presidential runoff vote. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,475,338	98,929,490	100.00%
ETFs	-	-	0.00%
Total	1,475,338	98,929,490	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 98,929,490 worth of shares was traded on the NSX on Thursday. with about N$  14,855,853  worth of Anglo-American, N$     995,215 worth of Mediclinic International Plc and N$  11,320  of Namibia Breweries on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased  aimed the bearish market conditions
• Shares belonging to Mediclinic International Plc increased in price in spite of bearish conditions
• On the NSX local listing, Namibia Breweries shares are frequenctly being dumped by market participants as shareholder loses investor confidence shortly after the company uttered there were no interim dividend.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	41.99	40.00	-4.74%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.84	13.84	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.01	12.01	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	772.50	766.29	-0.80%
B2Gold Corporation	B2G	67.07	66.76	-0.46%
Oceana Group Limited	OCG	56.70	57.52	1.45%
Mediclinic International Plc	MEP	68.01	70.25	3.29%
Truworths	TRW	57.65	57.37	-0.49%
Nedbank Group Limited	NBK	230.41	226.34	-1.77%
Standard Bank Group	SNB	175.35	174.27	-0.62%
Shoprite Holdings	SRH	241.19	241.72	0.22%
FirstRand Limited	FST	75.32	73.05	-3.01%
Momentum Metropolitan Holdings	MMT	17.48	17.42	-0.34%
Old Mutual Ltd	OMM	14.10	13.80	-2.13%
Sanlam Limited	SLA	68.29	67.88	-0.60%
Santam Limited	SNM	300.09	297.00	-1.03%
Vukile Property Fund Limited	VKN	13.93	13.58	-2.51%
Investec Limited	IVD	101.00	102.06	1.05%
PSG Konsult Limited	KFS	13.30	13.22	-0.60%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	263.38	267.50	1.56%
New Gold Platinum ETF N	NGNPLT	310.18	320.73	3.40%
New Funds S&P NAM Bond	NFNAMA	135.19	136.53	0.99%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.75
EUR/ZAR	16.03
GBP/ZAR	19.27
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.76
USD/JPY	124.02
Commodities
Gold	1,921.20
Silver	24.74
Platinum	961.75
Palladium	2,276.00
WTI	96.81
Brent	101.29

Table 5: Exchange Rates and Commodities 

Local News

The education sector is in crisis. Some schools have more than 100 learners per teacher, while others have not had accounting and mathematics teachers for three years. (Namibian Sun)

The Namibia Financial Institutions Supervisory Authority (NamFisa) yesterday urged the working public to remain calm ahead of the final standards and regulations on the Preservation of Retirement Benefits to be made under the Financial Institutions and Markets Act, 2021 (FIMA).  (New Era Newspaper)

The Central Procurement Board of Namibia (CPBN) has disqualified three companies- controlled by three brothers- from bidding for contracts valaued at N$ 382 million to supply maize meal and protein to the education ministry. (The Namibian)

Sub-Sahara News

The SA Revenue Service (SARS) saw nearly two million taxpayers who tried for refunds that were not allowed – some of which were "downright criminal", Commissioner Edward Kieswetter has said. (News24)

In South Africa, failed rescue attempts and a lack of qualified practitioners have contributed to what Deloitte is calling a "crisis of trust" in the business rescue industry. (CNBC Africa)

As of April 8, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,435,999 while over  273,178,717 vaccinations have been administered across the continent. (All Africa News)

International News

Two people have been killed and 10 wounded in a series of shootings in the heart of the Israeli city of Tel Aviv. .(Aljazeera News)

Asian stocks ended mixed on Friday after reports suggested Russian forces have been repositioning with a goal of focusing on securing the separatist republics in Ukraine's eastern Donbas region. (RTT News)

Russia gave the most sombre assessment so far of its invasion of Ukraine, describing the "tragedy" of mounting troop losses and the economic hit from sanctions, as Ukrainians were evacuated from eastern cities before an anticipated major offensive. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	201,824	11,199,586	89.32%
ETFs	5,063	1,339,128	10.68%
Total	206,887	12,538,714	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 11,199,586 worth of shares was traded on the NSX on Wednesday. with about N$ 2,237,307 worth of Anglo-American, N$    383,440 worth of Mediclinic International Plc and N$ 548,852 of Namibia Breweries on the home front. ETFs worth N$ 1,339,128 were traded on Wednesda.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American share price decreased  aimed the bearish market conditions
• Shares belonging to Mediclinic International Plc increased in price in spite of bearish conditions
• On the NSX local listing, Namibia Breweries shares were traded  by market participants, with a decrease in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.98	41.99	-6.65%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.89	13.84	-0.36%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.00	12.01	0.08%
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	779.42	772.50	-0.89%
B2Gold Corporation	B2G	68.42	67.07	-1.97%
Oceana Group Limited	OCG	57.64	56.70	-1.63%
Mediclinic International Plc	MEP	67.67	68.01	0.50%
Truworths	TRW	57.07	57.65	1.02%
Nedbank Group Limited	NBK	228.73	230.41	0.73%
Standard Bank Group	SNB	178.84	175.35	-1.95%
Shoprite Holdings	SRH	234.43	241.19	2.88%
FirstRand Limited	FST	74.46	75.32	1.15%
Momentum Metropolitan Holdings	MMT	17.45	17.48	0.17%
Old Mutual Ltd	OMM	13.76	14.10	2.47%
Sanlam Limited	SLA	70.95	68.29	-3.75%
Santam Limited	SNM	295.82	300.09	1.44%
Vukile Property Fund Limited	VKN	13.72	13.93	1.53%
Investec Limited	IVD	100.99	101.00	0.01%
PSG Konsult Limited	KFS	13.20	13.30	0.76%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	263.55	263.38	-0.06%
New Gold Platinum ETF N	NGNPLT	325.42	310.18	-4.68%
New Funds S&P NAM Bond	NFNAMA	137.82	135.19	-1.91%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.68
EUR/ZAR	16.03
GBP/ZAR	19.21
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.76
USD/JPY	123.61
Commodities
Gold	1,923.90
Silver	24.41
Platinum	948.40
Palladium	2,232.70
WTI	97.81
Brent	102.84

Table 5: Exchange Rates and Commodities 

Local News

FDI has been identified as critical to the country's economic recovery and unlocking opportunities that enable a better quality of life for all Namibians. (Namibian Sun)

After an eventful six months of promoting Namibia as an investment and tourist destination at the Expo 2020 Dubai, the Namibian Pavilion has officially closed its doors as the curtain falls. (New Era Newspaper)

The Namibia Transport and Taxi Union (NTTU) is demanding at least a 40% taxi fare increment which will see the price for a single trip being hiked from N$13 to N$19. (The Namibian)

Sub-Sahara News

A long-awaited exploration strategy for the mining sector has been gazetted but the development of a critical cadastre system remains a "nightmare" for the Department of Mineral Resources and Energy, Minister Gwede Mantashe has said. (News24)

Britain’s Moxico Resources IPO-MOXI.L plans to invest $100 million to expand its majority-owned Mimbula copper mine in Zambia, UK Minister for Africa Vicky Ford said on Wednesday. (CNBC Africa)

Internet giant Google is celebrating the 151st birthday of Charlotte Maxeke, popularly known as the "Mother of Black Freedom". Maxeke was a scholar, an evangelist, a political activist, as well as an advocate for women's rights. She was also the first black woman to graduate with a university degree in South Africa. (All Africa News)

International News

As Russia flounders on the battlefields of Ukraine, the once-unthinkable possibility of nuclear weapons use is now on the rise, as President Vladimir Putin’s options for victory narrow. (Aljazeera News)

European bourses are expected to open on a cautious note on Thursday as sentiment remains impacted by the geopolitical crisis in the region that continues unabated. (RTT News)

Yemen's president dismissed his controversial deputy on Thursday and delegated his own powers to a presidential council in a move backed by Saudi Arabia, removing some obstacles to U.N.-led efforts to revive negotiations to end the seven-year war. (Reuters)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,461,142.	89,849,044	100.00%
ETFs	-	-	0.00%
Total	1,461,142	89,849,044	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 89,849,044 worth of shares was traded on the NSX on Tuesday. with about N$   5,758,276  worth of Anglo-American, N$   5,683,878 worth of Mediclinic International Plc and N$  2,529,900  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 share price decreased  aimed the bearish market conditions
• Shares belonging to Mediclinic International Plc decreased in share price as global markets sell off emerges
• On the NSX local listing, Namibia Breweries shares were traded  by market participants, with a decrease in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	44.99	44.98	-0.02%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.89	13.89	0.00%
First Rand Namibia	FNB	29.51	29.51	0.00%
Standard Bank Namibia	SNO	5.00	5.00	0.00%
Oryx Limited	ORY	10.20	10.20	0.00%
Letshego	LHN	2.50	2.50	0.00%
Namibia Asset Management	NAM	0.66	0.66	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	12.00	-7.69%
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	782.68	779.42	-0.42%
B2Gold Corporation	B2G	69.12	68.42	-1.01%
Oceana Group Limited	OCG	57.82	57.64	-0.31%
Mediclinic International Plc	MEP	68.10	67.67	-0.63%
Truworths	TRW	58.28	57.07	-2.08%
Nedbank Group Limited	NBK	232.61	228.73	-1.67%
Standard Bank Group	SNB	182.01	178.84	-1.74%
Shoprite Holdings	SRH	235.55	234.43	-0.48%
FirstRand Limited	FST	76.70	74.46	-2.92%
Momentum Metropolitan Holdings	MMT	17.50	17.45	-0.29%
Old Mutual Ltd	OMM	13.85	13.76	-0.65%
Sanlam Limited	SLA	71.05	70.95	-0.14%
Santam Limited	SNM	295.55	295.82	0.09%
Vukile Property Fund Limited	VKN	13.75	13.72	-0.22%
Investec Limited	IVD	101.00	100.99	-0.01%
PSG Konsult Limited	KFS	13.15	13.20	0.38%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Palladium ETF	NGNPLD	263.84	263.55	-0.11%
New Gold Platinum ETF N	NGNPLT	324.92	325.42	0.15%
New Funds S&P NAM Bond	NFNAMA	139.67	137.82	-1.32%

Table 4: ETFs

Exchange Rates
USD/ZAR	14.72
EUR/ZAR	16.03
GBP/ZAR	19.23
EUR/GBP	0.83
EUR/USD	1.10
GBP/USD	1.30
AUD/USD	0.76
USD/JPY	123.93
Commodities
Gold	1,920.40
Silver	24.38
Platinum	968.50
Palladium	2,246.52
WTI	102.07
Brent	106.96

Table 5: Exchange Rates and Commodities 

Local News

The Institute for Public Policy Research (IPPR) has accused the government of shrouding in secrecy details linked to the awarding of the first ever green hydrogen project. (Namibian Sun)

President Hage Geingob will this afternoon deliver his annual State of the Nation Address (SONA) amid escalating prices of consumer goods, rampant unemployment and a struggling economy. (New Era Newspaper)

Around 890 houses completed under the government’s mass housing programme have still not been handed over to beneficiaries seven years after president Hage Geingob stopped the housing project. (The Namibian)

Sub-Sahara News

Global greenhouse gas emissions were at their highest levels in the past decade, and they need to be cut in order to avoid severe climate change impacts. Consumers can also play a significant role in emissions reductions, according to a report. (News24)

Cities are driving the human-caused climate change that threatens the global environment, but also offer hope. (CNBC Africa)

In developing countries, and the sub-Saharan region especially, the scale of unmet basic needs is enormous. It is estimated that 3 billion people in the developing world subsist on less than US$2 a day per person. (All Africa News)

International News

China may portray itself as a neutral party in the war in Ukraine, but the message it communicates to its audience at home tells a different story. (Aljazeera News)

Asian stocks rose broadly on Wednesday amid optimism around a peaceful resolution of the Ukraine war. (RTT News)

The United States and its allies on Wednesday prepared new sanctions on Moscow over civilian killings which President Volodymyr Zelenskiy described as "war crimes", as heavy fighting and Russian airstrikes pounded the besieged port of Mariupol. (Reuters)