Category: Reports

HIGH ECONOMIC INTELLIGENCE NAMIBIAN STOCK EXCHANGE(NSX) DAILY REPORT (11 NOVEMBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	113,111.00	5,778,507.86	94.01%
ETFs	1,296.00	368,299.74	5.99%
Total	114,407.00	6,146,807.60	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 5,778,507.86 worth of shares was traded on the NSX on Friday with about N$ 812,370 worth of shares belonging to Anglo-American plc and N$ 188,500 from Capricorn Group Limited on the home front. ETFs worth N$ 368,299.74 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were subscribed by market participants displaying bearish market behavior.  
• Capricorn Group’s shares were traded by market participants, with no change in share price at closing
• New Gold Issuer Ltd NM was allotted consecutive times this week

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	31.00	31.00	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.02	7.02	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	635.36	679.47	6.94%
B2Gold Corporation	B2G	57.86	61.39	6.10%
Oceana Group Limited	OCG	56.58	57.61	1.82%
Mediclinic International Plc	MEP	100.57	100.09	-0.48%
Truworths	TRW	57.34	56.63	-1.24%
Nedbank Group Limited	NBK	226.06	223.70	-1.04%
Standard Bank Group	SNB	179.86	179.00	-0.48%
Shoprite Holdings	SRH	240.01	236.49	-1.47%
FirstRand Limited	FST	66.90	66.55	-0.52%
Momentum Metropolitan Holdings	MMT	17.13	17.01	-0.70%
Old Mutual Ltd	OMM	10.97	11.08	1.00%
Sanlam Limited	SLA	54.61	54.76	0.27%
Santam Limited	SNM	256.61	252.19	-1.72%
Vukile Property Fund Limited	VKN	13.89	14.07	1.30%
Investec Limited	IVD	95.54	95.42	-0.13%
PSG Konsult Limited	KFS	11.19	11.56	3.31%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	283.60	284.39	0.28%
New Gold Palladium ETF	NGNPLD	323.53	337.55	4.33%
New Gold Platinum ETF N	NGNPLT	173.94	173.20	-0.43%
New Funds S&P NAM Bond	NFNAMA	17.58	17.81	1.31%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.29
EUR/NAD	17.85
GBP/NAD	20.34
EUR/GBP	0.87
EUR/USD	1.03
GBP/USD	1.14
AUD/USD	0.66
USD/JPY	139.36
Commodities @ 08:00
Gold	1,765.70
Silver	21.58
Platinum	1,029.15
Palladium	2,012.50
WTI	88.72
Brent	95.81

Table 5: Exchange Rates and Commodities 

Local News

The Motor Vehicle Accident (MVA) Fund says any proposed future adjustments to fuel levies may erode its revenue stream and affects operations  (Sun Newspaper)

The government has spent N$100 million per annum over the last decade on the rehabilitation of rails along the Walvis Bay-Kranzberg- Tsumeb line (New Era Newspaper)

The fishing industry has called on the Ministry of Fisheries and Marine Resources to control “greedy” quota holders, as they are damaging the sustainability of the industry (The Namibian)

Sub-Sahara News

Africa’s biggest renewable power company said it will take years for SA’s electricity supply woes to ease after the government’s bias toward coal led to the collapse of wind and solar energy manufacturers. (News24)

Official events at the COP27 climate conference resume on Monday after a day of rest, with negotiators from nearly 200 countries diving into fractious debates on climate finance. (CNBC Africa)

President Cyril Ramaphosa came out of the heated ANC National Executive Committee (NEC) meeting over the weekend unscathed. (All Africa News)

International News

Ukrainian President Volodymyr Zelenskiy has accused Russian soldiers of committing war crimes and killing civilians in Kherson, parts of which were retaken by Ukraine's army last week after Russia pulled out. (Reuters)

European stocks rose on Monday, even as a cautious undertone prevailed ahead of mid-term elections in the United States and the latest U.S. consumer inflation report due this week. (RTT News)

Musk, who runs four other companies including electric carmaker Tesla, said on Monday he has been working “from morning til night”, seven days a week since purchasing the social media giant for $44bn last month. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	268,282.00	6,280,274.57	99.73%
ETFs	73.00	16,999.31	0.27%
Total	268,355.00	6,297,273.88	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 6,280,274.57 worth of shares was traded on the NSX on Thursday with about N$ 1,553,022 worth of shares belonging to Anglo-American plc and N$ 2,293,880 from Oryx Properties Limited on the home front. ETFs worth N$16,999.31 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were subscribed by market participants displaying bullish market sentiments
• Oryx Properties’ shares were traded by market participants, with no change in share price at closing
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were traded displaying mixed sentiments in the ETFs markets

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	31.00	31.00	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.02	7.02	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	618.10	635.36	2.79%
B2Gold Corporation	B2G	59.41	57.86	-2.61%
Oceana Group Limited	OCG	57.03	56.58	-0.79%
Mediclinic International Plc	MEP	100.60	100.57	-0.03%
Truworths	TRW	55.64	57.34	3.06%
Nedbank Group Limited	NBK	221.83	226.06	1.91%
Standard Bank Group	SNB	177.03	179.86	1.60%
Shoprite Holdings	SRH	254.37	240.01	-5.65%
FirstRand Limited	FST	66.78	66.90	0.18%
Momentum Metropolitan Holdings	MMT	16.79	17.13	2.03%
Old Mutual Ltd	OMM	10.68	10.97	2.72%
Sanlam Limited	SLA	53.69	54.61	1.71%
Santam Limited	SNM	254.37	256.61	0.88%
Vukile Property Fund Limited	VKN	13.68	13.89	1.54%
Investec Limited	IVD	93.31	95.54	2.39%
PSG Konsult Limited	KFS	11.23	11.19	-0.36%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	284.43	283.60	-0.29%
New Gold Palladium ETF	NGNPLD	327.51	323.53	-1.22%
New Gold Platinum ETF N	NGNPLT	170.72	173.94	1.89%
New Funds S&P NAM Bond	NFNAMA	17.56	17.58	0.11%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.35
EUR/NAD	17.75
GBP/NAD	20.34
EUR/GBP	0.87
EUR/USD	1.02
GBP/USD	1.14
AUD/USD	0.66
USD/JPY	141.47
Commodities @ 08:00
Gold	1,764.20
Silver	22.05
Platinum	1,063.20
Palladium	1,959.53
WTI	88.47
Brent	95.71

Table 5: Exchange Rates and Commodities 

Local News

Namibia is ranked among war-torn countries like Afghanistan and Congo where people feel least safe (Sun Newspaper)

The lucrative airport passenger and cargo handling tender at the Hosea Kutako International Airport, which is subject to several legal suits, has gotten even more complicated (New Era Newspaper)

The minister of agriculture, water, and forestry was in Angola this week to visit water projects in the neighboring country (The Namibian)

Sub-Sahara News

Only two out of 20 of the largest dams owned by the government comply with safety evaluation requirements as infrastructure maintenance lags. (News24)

Kenya’s government is reducing its rate of borrowing, officials said on Thursday, to attain a significantly narrower budget deficit in the next financial year. (CNBC Africa)

The family of British-Egyptian dissident Alaa Abdel-Fattah said on Thursday that prison authorities informed them that "medical intervention" was taken to maintain his health. Family members had recently demanded to know Abdel-Fattah's condition amid what they said were "rumors of force-feeding." (All Africa News)

International News

Toyota Motor Corp has discovered that even keys can be too "smart" for their own good (Reuters)

European stock markets are expected to open positive on Friday tracking gains (RTT News) Russian President Vladimir Putin has monitored drills of the country’s strategic nuclear forces involving multiple practice launches of ballistic and cruise missiles, in a show of force amid the heightened tensions with the West over the conflict in Ukraine. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	140,370.00	15,755,993.89	97.12%
ETFs	1,679.00	466,762.00	2.88%
Total	142,049.00	16,222,755.89	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 15,755,993.89 worth of shares was traded on the NSX on Monday with about N$ 2,565,995 worth of shares belonging to Anglo-American plc and N$ 83,200 from Capricorn Group on the home front. ETFs worth N$ 466,762.00 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares traded with an increase in share price at closing.
• Capricorn Group shares were traded by market participants, with no change in share price
• New Gold Issuer Ltd NM ETF was dumped by one market participant.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.70	30.70	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	3.00	3.00	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.02	7.02	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	608.47	612.38	0.64%
B2Gold Corporation	B2G	52.88	56.47	6.79%
Oceana Group Limited	OCG	56.50	56.84	0.60%
Mediclinic International Plc	MEP	100.09	100.50	0.41%
Truworths	TRW	54.51	55.40	1.63%
Nedbank Group Limited	NBK	219.04	222.81	1.72%
Standard Bank Group	SNB	175.51	177.38	1.07%
Shoprite Holdings	SRH	235.00	237.00	0.85%
FirstRand Limited	FST	65.35	65.91	0.86%
Momentum Metropolitan Holdings	MMT	16.96	17.09	0.77%
Old Mutual Ltd	OMM	10.62	10.74	1.13%
Sanlam Limited	SLA	54.00	54.45	0.83%
Santam Limited	SNM	253.00	259.96	2.75%
Vukile Property Fund Limited	VKN	13.54	13.87	2.44%
Investec Limited	IVD	93.00	92.32	-0.73%
PSG Konsult Limited	KFS	11.10	11.15	0.45%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	280.44	277.73	-0.97%
New Gold Palladium ETF	NGNPLD	331.76	322.48	-2.80%
New Gold Platinum ETF N	NGNPLT	165.72	165.87	0.09%
New Funds S&P NAM Bond	NFNAMA	17.37	17.49	0.69%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.76
EUR/NAD	17.77
GBP/NAD	20.41
EUR/GBP	0.87
EUR/USD	1.00
GBP/USD	1.14
AUD/USD	0.64
USD/JPY	147.67
Commodities @ 08:00
Gold	1,677.90
Silver	20.67
Platinum	988.55
Palladium	1,891.00
WTI	91.41
Brent	97.59

Table 5: Exchange Rates and Commodities 

Local News

Over two million people were engaged on Facebook during Namibia’s Tourism Expo last week. (Sun Newspaper)

Trustco Group Holdings will be correcting and adjusting its financial records after the Johannesburg Stock Exchange (JSE) suspended the trading of its shares with immediate effect yesterday (New Era Newspaper)

Namibia will chair the African Union (AU) Peace and Security Council (PSC) for November, focusing on a commitment to restore security in Mozambique’s Cabo Delgado province. (The Namibian)

Sub-Sahara News

Stage 2 load shedding will start at 09:00 on Tuesday, and will be implemented until further notice, Eskom has announced. (News24)

Kenya Airways KQNA.NR is recruiting new pilots and has started disciplinary action against its pilots who are out on strike, its CEO said on Monday. (CNBC Africa)

Greater global solidarity is needed to address the rapidly unfolding humanitarian catastrophe in the Horn of Africa, where millions are going hungry due to two years of unprecedented drought, UN agencies and partners said in a statement on Monday. (All Africa News)

International News

In a stark closing argument ahead of the U.S. midterm elections, President Joe Biden on Monday warned that a Republican victory could weaken the country's democratic institutions, while former President Donald Trump hinted he could announce another White House bid as soon as next week. (Reuters)

Asian stocks advanced on Tuesday, the dollar eased on improved risk sentiment, and bond yields dipped as investors braced for a hefty rate hike from the Federal Reserve. (RTT News)

Coast to coast, candidates and big-name backers have made their final appeals to voters in the last hours of campaigning for the midterm elections in the United States, with Republicans excited about the prospect of winning back Congress and President Joe Biden insisting his party could spring a surprise. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	690,412.00	33,125,252.10	100.00%
ETFs	-	-	0.00%
Total	690,412.00	33,125,252.10	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 33,125,252.10 worth of shares was traded on the NSX on Friday with about N$ 811,751 worth of shares belonging to Anglo-American plc and N$ 28,965,418 from Namibia Breweries on the home front. No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares traded with an increase in share price at closing.
• Namibia Breweries shares were traded by market participants, with no change in price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.70	30.70	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.82	3.00	6.38%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.02	7.02	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	545.94	608.47	11.45%
B2Gold Corporation	B2G	53.30	52.88	-0.79%
Oceana Group Limited	OCG	56.00	56.50	0.89%
Mediclinic International Plc	MEP	102.08	100.09	-1.95%
Truworths	TRW	53.54	54.51	1.81%
Nedbank Group Limited	NBK	215.00	219.04	1.88%
Standard Bank Group	SNB	170.76	175.51	2.78%
Shoprite Holdings	SRH	231.96	235.00	1.31%
FirstRand Limited	FST	63.65	65.35	2.67%
Momentum Metropolitan Holdings	MMT	16.75	16.96	1.25%
Old Mutual Ltd	OMM	10.16	10.62	4.53%
Sanlam Limited	SLA	52.09	54.00	3.67%
Santam Limited	SNM	251.00	253.00	0.80%
Vukile Property Fund Limited	VKN	13.51	13.54	0.22%
Investec Limited	IVD	90.34	93.00	2.94%
PSG Konsult Limited	KFS	11.00	11.10	0.91%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	278.46	280.44	0.71%
New Gold Palladium ETF	NGNPLD	321.84	331.76	3.08%
New Gold Platinum ETF N	NGNPLT	163.91	165.72	1.10%
New Funds S&P NAM Bond	NFNAMA	17.28	17.37	0.52%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.90
EUR/NAD	17.85
GBP/NAD	20.37
EUR/GBP	0.87
EUR/USD	0.99
GBP/USD	1.13
AUD/USD	0.64
USD/JPY	147.89
Commodities @ 08:00
Gold	1,677.80
Silver	20.68
Platinum	967.60
Palladium	1,880.03
WTI	92.00
Brent	98.21

Table 5: Exchange Rates and Commodities 

Local News

It is like we are lost in the woods and just repeatedly stepping into our own footprints in an attempt to find our destination. Like a dog eating its vomit, just to vomit again. (Sun Newspaper)

Local football fans have welcomed the return of top-flight football, saying the nation has been yearning to watch it for the longest time. This comes after the Namibia Football Association (NFA) on Wednesday released the first fixture of the premier league, which will see African Stars and Unam clash at the Dr Hage Geingob stadium on Sunday. (New Era Newspaper)

The minister of environment, forestry, and tourism Pohamba Shifeta said about 45 million hectares of Namibia's agricultural land is infested with encroached bushes. (The Namibian)

Sub-Sahara News

The board of Gold Fields has unanimously resolved not to revise its offer for the takeover of Yamana Gold following a competing 'superior proposal' from Agnico Eagle Mines Limited and Pan American Silver. (News24)

Public aid and funding from governments of developed countries alone won’t be enough to close the funding gap on climate change initiatives in developing countries, IMF chief Kristalina Georgieva told CNBC. (CNBC Africa)

The twenty-one (21) children who were kidnapped in the Mairuwa community in the Faskari local government area of Katsina State have regained their freedom. (All Africa News)

International News

Twitter Inc's new CEO Elon Musk said on Sunday the social media platform's mission was to become the most accurate source of information about the world, sparking debate about how it would achieve that and who determines what is accurate. (Reuters)

Asian stocks rose broadly on Monday amid renewed bets the U.S. Federal Reserve may slow the pace of interest-rate increases at its December meeting. (RTT News)

An election year that has unfolded against the backdrop of economic turmoil, the elimination of federal abortion rights, and broad concerns about the future of democracy is concluding with a final full day of campaigning in which leaders of both parties will issue urgent appeals to their supporters. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	264,988.00	18,405,573.11	100.00%
ETFs	-	-	0.00%
Total	264,988.00	18,405,573.11	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 18,405,573.11 worth of shares was traded on the NSX on Thursday with about N$1,826,749 worth of shares belonging to Anglo-American plc and N$ 296,560 from SBN Holdings Ltd on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares traded with a decrease in share price at closing.
• SBN Holdings shares were traded by market participants, with a slight decrease in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.70	30.70	0.00%
Standard Bank Namibia	SNO	4.41	4.40	-0.23%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.82	2.82	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.00	13.00	0.00%
Mobile Telecommunication Company	MOC	7.02	7.02	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	564.69	545.94	-3.32%
B2Gold Corporation	B2G	57.38	53.30	-7.11%
Oceana Group Limited	OCG	56.00	56.00	0.00%
Mediclinic International Plc	MEP	103.69	102.08	-1.55%
Truworths	TRW	53.93	53.54	-0.72%
Nedbank Group Limited	NBK	217.16	215.00	-0.99%
Standard Bank Group	SNB	172.09	170.76	-0.77%
Shoprite Holdings	SRH	233.81	231.96	-0.79%
FirstRand Limited	FST	64.10	63.65	-0.70%
Momentum Metropolitan Holdings	MMT	16.99	16.75	-1.41%
Old Mutual Ltd	OMM	10.45	10.16	-2.78%
Sanlam Limited	SLA	53.30	52.09	-2.27%
Santam Limited	SNM	250.05	251.00	0.38%
Vukile Property Fund Limited	VKN	13.52	13.51	-0.07%
Investec Limited	IVD	91.61	90.34	-1.39%
PSG Konsult Limited	KFS	11.21	11.00	-1.87%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	279.83	278.46	-0.49%
New Gold Palladium ETF	NGNPLD	327.05	321.84	-1.59%
New Gold Platinum ETF N	NGNPLT	166.60	163.91	-1.61%
New Funds S&P NAM Bond	NFNAMA	17.37	17.28	-0.52%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.27
EUR/NAD	17.88
GBP/NAD	20.51
EUR/GBP	0.87
EUR/USD	0.99
GBP/USD	1.13
AUD/USD	0.63
USD/JPY	147.89
Commodities @ 08:00
Gold	1,650.70
Silver	19.75
Platinum	935.10
Palladium	1,824.03
WTI	90.40
Brent	96.82

Table 5: Exchange Rates and Commodities 

Local News

The Twin Hills Gold Project, located close to Karibib is on track to create 750 new jobs in the region and has already brought N$224.6 million of foreign direct investment to the Namibian economy (Sun Newspaper)

The plan is in the pipeline but toll gates might not be coming soon. (New Era Newspaper)

A senior official in the Ministry of Fisheries and Marine Resources says Namibia has made great efforts towards the conservation and sustainable use of marine resources, which has given birth to the country’s blue economy policy (The Namibian)

Sub-Sahara News

Finance Minister Enoch Godongwana says he was misunderstood on Monday when he was quoted saying that the conditions under which government would take over Eskom's debt were linked to the power utility building new coal, gas and nuclear plants. (News24)

Uganda’s lawmakers have approved a request by the government to allow it to borrow $464 million from Standard Chartered Bank STAN.L and other international lenders to help finance infrastructure development, parliament said on Thursday. (CNBC Africa)

The Public Servants Association wage negotiations with the government deadlocked again this week. The union wants a 6.5% increase while the government dug in its heels at 3%. Public servants in the transport department, as well as home affairs, are participating, while other key public service unions - police union Popcru, nursing union Denosa and National Education, Health and Allied Workers' Union (Nehawu) - are yet to issue a notice to strike. (All Africa News)

International News

TOKYO, Oct 27 (Reuters) - Toyota Motor Corp has discovered that even keys can be too "smart" for their own good. (Reuters)

Asian stocks fell broadly on Friday as investors digested the monetary policy announcements from the ECB and BoJ and looked ahead to next week's FOMC meeting for clues on whether a pivot on the pace of rate hikes is on the table. U.S. GDP data released. (RTT News)

A Moscow-installed official in the Kherson region has indicated Russian troops might pull back from the west bank of the Dnieper river, but as the United States sounded an optimistic note on Ukraine’s ability to retake the strategically-important southern city of Kherson, Kyiv was warier. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	136,127.00	8,285,039.85	100.00%
ETFs	-	-	0.00%
Total	136,127.00	8,285,039.85	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,285,039.85 worth of shares was traded on the NSX on Monday with about N$ 216,534 worth of shares belonging to Anglo-American plc and N$ 521,180 from Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares traded with a slight change in share price at closing
• Namibia Breweries shares were traded by market participants, with no change in share price a closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.63	30.64	0.03%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.82	5.22%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.02	7.02	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	556.26	556.89	0.11%
B2Gold Corporation	B2G	56.26	56.19	-0.12%
Oceana Group Limited	OCG	55.35	55.39	0.07%
Mediclinic International Plc	MEP	103.15	104.41	1.22%
Truworths	TRW	52.97	52.26	-1.34%
Nedbank Group Limited	NBK	222.01	217.56	-2.00%
Standard Bank Group	SNB	173.07	171.65	-0.82%
Shoprite Holdings	SRH	239.00	233.90	-2.13%
FirstRand Limited	FST	65.81	64.35	-2.22%
Momentum Metropolitan Holdings	MMT	16.98	17.18	1.18%
Old Mutual Ltd	OMM	10.41	10.44	0.29%
Sanlam Limited	SLA	53.38	53.44	0.11%
Santam Limited	SNM	256.51	254.35	-0.84%
Vukile Property Fund Limited	VKN	13.67	13.45	-1.61%
Investec Limited	IVD	90.38	90.35	-0.03%
PSG Konsult Limited	KFS	11.06	10.97	-0.81%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	277.54	280.80	1.17%
New Gold Palladium ETF	NGNPLD	334.91	326.07	-2.64%
New Gold Platinum ETF N	NGNPLT	166.18	166.10	-0.05%
New Funds S&P NAM Bond	NFNAMA	17.39	17.26	-0.75%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.26
EUR/NAD	18.12
GBP/NAD	21.05
EUR/GBP	0.86
EUR/USD	0.99
GBP/USD	1.15
AUD/USD	0.64
USD/JPY	148.16
Commodities @ 08:00
Gold	1,645.35
Silver	19.54
Platinum	943.70
Palladium	1,859.53
WTI	87.72
Brent	94.14

Table 5: Exchange Rates and Commodities 

Local News

The new fuel prices in Walvis Bay will this week become N$24.10 per liter for diesel and will remain N$20.08 per liter for petrol (Sun Newspaper)

Namibia Investment and Promotion Development Board (NIPDB) CEO has reiterated that Namibia continues to export match-needed jobs to other countries (New Era Newspaper)

The National Training Authority (NTA) says 379 companies started making use of the National training fund in the 2014/15 financial year, which increased to 507 in 2021/22. (The Namibian)

Sub-Sahara News

The SA Reserve Bank has accused Berdine Odendaal, the rumored romantic interest of Markus Jooste, of enjoying a "lavish lifestyle" funded by about R60 million in loans from a company linked to the former Steinhoff CEO. (News24)

An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest players are distracted by urgent crises ranging from the war in Europe to rampant consumer inflation. (CNBC Africa)

The African Union (AU) on Sunday called for a ceasefire in the Democratic Republic of Congo (DRC) after Congolese rebels captured strategic terrain in the east of the country. (All Africa News)

International News

South Korea moved to calm public outrage on Tuesday over a Halloween party crush that killed more than 150 people, most of them young, promising a speedy and intensive inquiry and calling for tough new safety measures to prevent similar disasters. (Reuters)

Asian stocks turned in a mixed performance on Tuesday, as concerns over China's growth prospects and a new political order in the country offset hopes of a Fed pivot (RTT News)

Israelis are back at the polls to vote in parliamentary elections for the fifth time in just three and a half years, with the race expected to be close between supporters of opposition leader Benjamin Netanyahu and his opponents. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	137,537.00	24,129,401.49	100.00%
ETFs	-	-	0.00%
Total	137,537.00	24,129,401.49	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 24,129,401.49 worth of shares was traded on the NSX on Wednesday with about N$ 97,987 worth of shares belonging to  Shoprite Holdings and N$  6,500 from Paratus Namibia Holdings Ltd on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

• Shoprite Holdings shares continue to be subscribed as the South African Finance Minister outlined the government’s fiscal and debt outlook improved since the national budget statement in February 2022
• Paratus Namibia Holdings Ltd shares were allotted by market participants, resulting in a slight increase in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.62	30.62	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.02	0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	554.39	571.35	3.06%
B2Gold Corporation	B2G	57.99	57.46	-0.91%
Oceana Group Limited	OCG	54.69	55.00	0.57%
Mediclinic International Plc	MEP	103.20	103.00	-0.19%
Truworths	TRW	52.62	51.34	-2.43%
Nedbank Group Limited	NBK	214.05	221.06	3.27%
Standard Bank Group	SNB	171.60	173.02	0.83%
Shoprite Holdings	SRH	230.68	234.46	1.64%
FirstRand Limited	FST	62.64	65.14	3.99%
Momentum Metropolitan Holdings	MMT	16.89	17.11	1.30%
Old Mutual Ltd	OMM	10.00	10.41	4.10%
Sanlam Limited	SLA	52.04	53.30	2.42%
Santam Limited	SNM	253.36	251.97	-0.55%
Vukile Property Fund Limited	VKN	13.50	13.53	0.22%
Investec Limited	IVD	87.71	88.86	1.31%
PSG Konsult Limited	KFS	10.96	11.03	0.64%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	281.39	279.72	-0.59%
New Gold Palladium ETF	NGNPLD	339.91	340.19	0.08%
New Gold Platinum ETF N	NGNPLT	161.31	164.90	2.23%
New Funds S&P NAM Bond	NFNAMA	17.07	17.26	1.11%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.89
EUR/NAD	18.03
GBP/NAD	20.80
EUR/GBP	0.87
EUR/USD	0.99
GBP/USD	1.16
AUD/USD	0.65
USD/JPY	145.45
Commodities @ 08:00
Gold	1,669.85
Silver	19.51
Platinum	956.10
Palladium	1,981.78
WTI	87.84
Brent	93.70

Table 5: Exchange Rates and Commodities 

Local News

The Agricultural Bank of Namibia (Agribank) hereby informs its clients, prospective clients, and all stakeholders that, as of the 1^st of December 2022, Agribank will no longer accept cash payments (Sun Newspaper)

Ambassador of the European Union (EU) delegation to Namibia Sinikka Antila, yesterday said Namibia’s exports to the EU market have grown by 50% and at one point reached N$650 billion, while imports only grew by 8.9% (New Era Newspaper)

Public servants unions feel blindsided by finance minister Iipumbu Shiimi’s announcement to cut funding to the Public Service Employee Medical Aid Scheme (Psemas) by N$1 billion over the 2023/24 and 2024/25 financial years.  (The Namibian)

Sub-Sahara News

Finance Minister Enoch Godongwana uses his good fortune to cut borrowing and hit fiscal targets ahead of schedule. It is still tough love for the SA Post Office and SAA but Eskom and Transnet will be helped "to do the right thing", writes Carol Paton. (News24)

Eskom’s dollar-denominated bonds rose on Wednesday after South Africa’s Treasury said the government would take on part of the struggling state-owned power utility’s $22 billion debt. (CNBC Africa)

The Nigerian government has insisted that the country including the capital Abuja is safe for citizens and foreigners, contrary to an advisory by the US and UK governments. (All Africa News)

International News

Toyota Motor Corp has discovered that even keys can be too "smart" for their own good (Reuters)

Asian stocks finished mostly lower on Thursday, tracking Wednesday's losses on Wall Street. The People's Bank of China's status quo on rates and concerns about economic growth in China also dampened sentiment. (RTT News)

Russian President Vladimir Putin has monitored drills of the country’s strategic nuclear forces involving multiple practice launches of ballistic and cruise missiles, in a show of force amid the heightened tensions with the West over the conflict in Ukraine. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	20,742.00	4,450,684.07	100.00%
ETFs	-	-	0.00%
Total	20,742.00	4,450,684.07	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,450,684.07 worth of shares was traded on the NSX on Tuesday with about N$    2,179,760 worth of Anglo-American and N$      5,586 worth of SBN Holdings on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the stock exchange declined as global indexes declined amid the IMF World Outlook and fears of recessions
• Shares belonging to SBN Holdings were traded on the local bourse, with no change in share price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.61	0.00%
Standard Bank Namibia	SNO	4.90	4.90	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.67	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	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	551.02	543.02	-1.45%
B2Gold Corporation	B2G	58.01	57.54	-0.81%
Oceana Group Limited	OCG	54.69	54.05	-1.17%
Mediclinic International Plc	MEP	98.48	99.03	0.56%
Truworths	TRW	51.51	52.15	1.24%
Nedbank Group Limited	NBK	197.30	197.81	0.26%
Standard Bank Group	SNB	145.27	146.30	0.71%
Shoprite Holdings	SRH	216.38	218.50	0.98%
FirstRand Limited	FST	61.16	61.51	0.57%
Momentum Metropolitan Holdings	MMT	15.07	15.12	0.33%
Old Mutual Ltd	OMM	9.66	9.47	-1.97%
Sanlam Limited	SLA	50.22	48.63	-3.17%
Santam Limited	SNM	247.00	247.50	0.20%
Vukile Property Fund Limited	VKN	13.15	13.08	-0.53%
Investec Limited	IVD	78.01	78.16	0.19%
PSG Konsult Limited	KFS	10.80	10.78	-0.19%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	282.10	281.87	-0.08%
New Gold Palladium ETF	NGNPLD	392.47	373.53	-4.83%
New Gold Platinum ETF N	NGNPLT	157.84	155.67	-1.37%
New Funds S&P NAM Bond	NFNAMA	17.33	17.50	0.98%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.15
EUR/NAD	17.64
GBP/NAD	19.96
EUR/GBP	0.88
EUR/USD	0.97
GBP/USD	1.09
AUD/USD	0.62
USD/JPY	146.23
Commodities @ 08:00
Gold	1,676.05
Silver	19.18
Platinum	892.50
Palladium	2,153.52
WTI	89.17
Brent	94.34

Table 5: Exchange Rates and Commodities 

Local News

Standard Bank Namibia has raised N$400 million for various renewable energy projects. (Sun Newspaper)

The government is expected to spend close to N$100 million this year on over 500 war veterans as part of the hard cash payout initially meant for income-generating projects. (New Era Newspaper)

Namibia is again selling her scenic landscapes, safety, and good internet connectivity to professionals who are location-independent and self-sufficient, to come and live and work and travel in Namibia for up to six months. (The Namibian)

Sub-Sahara News

Lesetja Kganyago, governor of the SA Reserve Bank, has punted South African investments to US investors in New York this week. (News24)

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem after Russia’s invasion of Ukraine. (CNBC Africa)

Head of the Otash camp for the displaced in Nyala locality, South Darfur, Sheikh Abdelrazeg Jales revealed that a child has died and three others were taken to the hospital in critical condition after being poisoned eating from the landfill in El Kosha near the camp yesterday, as Sudan's food crisis worsens.. (All Africa News)

International News

The question of how, when, and whether to cap gas prices is set to dominate another meeting of European Union countries on Wednesday, as they pursue a joint plan to target high gas prices - a compromise that has eluded them for weeks. (Reuters)

Asian shares advanced on Wednesday after U.S. stocks posted strong gains for a second consecutive session overnight on expectations that the U.S. Federal Reserve might ease off on major rate hikes, heading into 2023. (RTT News)

The Biden administration has said it will “re-evaluate” ties with Saudi Arabia as United States lawmakers grow increasingly critical of the Gulf kingdom following a decision by a group of major oil producers, including Riyadh, to cut petroleum output. (Aljazeera News)