Category: Reports

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	734,159.00	40,603,485.20	100.00%
ETFs	-	-	0.00%
Total	734,159.00	40,603,485.20	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 40,603,485.20 worth of shares was traded on the NSX on Wednesday, with about N$1,613,960 worth of shares belonging to Anglo-American plc and N$5,163,379 worth of shares belonging to Namibia Breweries trades occurred on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were traded resulting in an increase in the company’s share price by 2.0%
• Namibia Breweries’ shares exchanged hands with an insignificant change in share price by -0.03% from N$36.00 to N$35.99

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	36.00	35.99	-0.03%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.71	13.71	0.00%
First Rand Namibia	FNB	38.03	38.03	0.00%
Standard Bank Namibia	SNO	7.99	7.99	0.00%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.06	7.08	0.28%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	570.55	582.11	2.03%
B2Gold Corporation	B2G	75.32	77.97	3.52%
Oceana Group Limited	OCG	69.10	67.60	-2.17%
Mediclinic International Plc	MEP	116.38	118.00	1.39%
Truworths	TRW	51.03	49.44	-3.12%
Nedbank Group Limited	NBK	212.31	210.00	-1.09%
Standard Bank Group	SNB	165.15	163.70	-0.88%
Shoprite Holdings	SRH	207.45	205.76	-0.81%
FirstRand Limited	FST	63.67	62.50	-1.84%
Momentum Metropolitan Holdings	MMT	18.29	17.77	-2.84%
Old Mutual Ltd	OMM	11.55	11.28	-2.34%
Sanlam Limited	SLA	54.47	53.00	-2.70%
Santam Limited	SNM	266.60	266.90	0.11%
Vukile Property Fund Limited	VKN	12.10	12.00	-0.83%
Investec Limited	IVD	103.33	103.49	0.15%
PSG Konsult Limited	KFS	12.40	12.40	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	350.45	356.81	1.81%
New Gold Palladium ETF	NGNPLD	281.80	294.76	4.60%
New Gold Platinum ETF N	NGNPLT	194.73	200.79	3.11%
New Funds S&P NAM Bond	NFNAMA	18.42	18.32	-0.54%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.86
EUR/NAD	20.71
GBP/NAD	23.81
EUR/GBP	0.86
EUR/USD	1.09
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	134.17
Commodities @ 07:00
Gold	2,038.65
Silver	25.56
Platinum	1,127.50
Palladium	1,602.03
WTI	73.08
Brent	76.95

Table 5: Exchange Rates and Commodities 

Local News

Canandian Trigon Metals Inc. has confirmed the successful first mining blast and the official restart of mining operations from its Kombat mine open pit, ahead of initial projections (Sun Newspaper)

The trade ministry has partnered with the German Sparkassenstiftung for International Cooperation (DSIK) to strengthen the capacity of micro, small, and medium enterprises (MSMEs) in Namibia through the provision of business simulation training workshops. (New Era Newspaper)

The Chinese mining company, Xinfeng Investment (Pty) Limited (Xinfeng), has filed an urgent application with the High Court to challenge a decision by the Minister of mines and Energy, Tom Alweendo, to revoke its lithium mining license, which was issued in September last year. (The Namibian Newspaper)

Sub-Sahara News

SAPS boss Fannie Masemola and Hawks chief Godfrey Lebeya faced Parliament's Standing Committee on Public Accounts on Tuesday. Both were evasive when asked to explain how they responded to allegations made by De Ruyter. (News24)

The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns over South Africa’s continuing energy shortage and deteriorating economic outlook intensify among investors (CNBC Africa)

In a crucial ruling on May 5, the North Gauteng High Court in Pretoria decided in favor of the National Union of Metalworkers of South Africa (NUMSA) and 18 other applicants seeking relief from severe power outages that have affected much of the country. (All Africa News)

International News

China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country -- but also try to get Beijing's cooperation in solving global debt problems. (Reuters)

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, on renewed concerns over the outlook for interest rate hikes after the US Fed hiked interest rates for the tenth straight time, but appeared to signal a potential pause in rate hikes. (RTT News)

United States President Joe Biden has warned the economy could enter a recession and shed millions of jobs unless Republicans agree to raise the country’s $31.4 trillion debt ceiling before a fast-approaching deadline. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	52,581.00	4,116,879.34	99.12%
ETFs	2,000.00	36,560.00	0.88%
Total	54,581.00	4,153,439.34	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,116,879.34 worth of shares was traded on the NSX on Monday, with about N$ 707,445 worth of shares belonging to Anglo-American plc and N$ 7,020 worth of shares belonging to Namibia Breweries trades occurred on the home front. ETFs worth N$ 36,560.00 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were traded causing a slight increase in the company’s share price by 1.8%
• Namibia Breweries’ shares exchanged hands with no change in share price at closing
• Satrix S&P Namibia Bond ETF (prev. NewFunds S&P Namibia Bond ETF) was traded on the secondary market resulting in no change in price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	35.99	36.00	0.03%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.70	13.70	0.00%
First Rand Namibia	FNB	38.03	38.03	0.00%
Standard Bank Namibia	SNO	7.98	7.99	0.13%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.06	7.06	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	0.00%

Table 2: Primary listed Trades

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Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	568.66	579.00	1.82%
B2Gold Corporation	B2G	76.00	75.75	-0.33%
Oceana Group Limited	OCG	65.53	67.76	3.40%
Mediclinic International Plc	MEP	116.59	115.00	-1.36%
Truworths	TRW	49.71	51.60	3.80%
Nedbank Group Limited	NBK	209.17	210.12	0.45%
Standard Bank Group	SNB	164.00	163.74	-0.16%
Shoprite Holdings	SRH	213.32	210.12	-1.50%
FirstRand Limited	FST	63.34	63.48	0.22%
Momentum Metropolitan Holdings	MMT	18.23	18.28	0.27%
Old Mutual Ltd	OMM	11.52	11.63	0.95%
Sanlam Limited	SLA	55.08	55.23	0.27%
Santam Limited	SNM	274.21	270.00	-1.54%
Vukile Property Fund Limited	VKN	12.40	12.29	-0.89%
Investec Limited	IVD	102.78	103.27	0.48%
PSG Konsult Limited	KFS	13.02	13.00	-0.15%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	350.50	345.17	-1.52%
New Gold Palladium ETF	NGNPLD	253.38	280.08	10.54%
New Gold Platinum ETF N	NGNPLT	184.10	191.15	3.83%
New Funds S&P NAM Bond	NFNAMA	18.42	18.42	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.34
EUR/NAD	20.16
GBP/NAD	23.14
EUR/GBP	0.87
EUR/USD	1.14
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	134.92
Commodities @ 07:00
Gold	2,033.55
Silver	25.84
Platinum	1,083.75
Palladium	1,551.53
WTI	72.69
Brent	76.51

Table 5: Exchange Rates and Commodities 

Local News

The Ministry of Industrialisation and Trade partnered with the German Sparkassenstiftung for International Cooperation (DSIK) to deliver entrepreneurial training interventions for local Micro Small and Medium Enterprises (MSMEs). (Sun Newspaper)

President Hage Geingob has welcomed Heineken’s takeover of Namibia Breweries Limited (NBL), and has reminded the new controlling shareholders to focus on industrialization and employment creation. (New Era Newspaper)

The Namibian government has budgeted N$528 million for membership fees to international organizations for next year, up from N$259 million it will pay this year. (The Namibian Newspaper)

Sub-Sahara News

Activist shareholders want the coal miners to provide greater disclosure on their climate lobbying activities, but the companies say the matter need not go to a shareholder vote. (News24)

Australia-listed Invictus Energy (IVZ.AX) on Monday confirmed the presence of light oil, gas condensate and helium at its Cabora Bassa project in Zimbabwe, sending its shares up 8.7% (CNBC Africa)

There has been a tremendous increase in female ownership of individual enterprises in the past five years, showcasing the growth of women entrepreneurship in the country, a new report by Rwanda Development Board (RDB) indicates. (All Africa News)

International News

Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the "catastrophic" impact a U.S. default on its debt would have on the U.S. and global economies, two sources familiar with the matter said on Monday. (Reuters)

Asian stocks ended Tuesday's session on a mixed note, with weak manufacturing data from China and uncertainty over the U.S. debt ceiling keeping investors nervous.. (RTT News)

LinkedIn, the social media platform for professional connections, has announced plans to cut more than 700 jobs and close its app for those seeking jobs in China. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	138,400.00	8,294,068.65	99.25%
ETFs	3,400.00	62,900.00	0.75%
Total	141,800.00	8,356,968.65	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 8,294,068.65 worth of shares was traded on the NSX on Friday, with about N$ 1,091,118 worth of shares belonging to Anglo-American plc and N$ 194,121 worth of shares belonging to Namibia Breweries trades occurred on the home front. ETFs worth N$ 62,900.00 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were traded causing a slight increase in the company’s share price by 4.3%
• Namibia Breweries’ shares soared by 12.5% as market participants subscribed to the company’s shares
• Satrix S&P Namibia Bond ETF (prev. NewFunds S&P Namibia Bond ETF) were traded on the secondary market resulting in no change in price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	35.99	12.47%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.70	13.70	0.00%
First Rand Namibia	FNB	38.03	38.03	0.00%
Standard Bank Namibia	SNO	8.45	7.98	-5.56%
Oryx Limited	ORY	11.99	11.99	0.00%
Letshego	LHN	3.75	3.75	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	12.79	12.79	0.00%
Mobile Telecommunication Company	MOC	7.07	7.06	-0.14%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	545.39	568.66	4.27%
B2Gold Corporation	B2G	73.44	76.00	3.49%
Oceana Group Limited	OCG	65.53	65.53	0.00%
Mediclinic International Plc	MEP	114.78	116.59	1.58%
Truworths	TRW	49.71	49.71	0.00%
Nedbank Group Limited	NBK	203.80	209.17	2.63%
Standard Bank Group	SNB	160.11	164.00	2.43%
Shoprite Holdings	SRH	211.97	213.32	0.64%
FirstRand Limited	FST	61.87	63.34	2.38%
Momentum Metropolitan Holdings	MMT	17.89	18.23	1.90%
Old Mutual Ltd	OMM	11.30	11.52	1.95%
Sanlam Limited	SLA	53.90	55.08	2.19%
Santam Limited	SNM	271.41	274.21	1.03%
Vukile Property Fund Limited	VKN	12.44	12.40	-0.32%
Investec Limited	IVD	99.15	102.78	3.66%
PSG Konsult Limited	KFS	13.25	13.02	-1.74%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	350.50	350.50	0.00%
New Gold Palladium ETF	NGNPLD	253.38	253.38	0.00%
New Gold Platinum ETF N	NGNPLT	184.10	184.10	0.00%
New Funds S&P NAM Bond	NFNAMA	18.23	18.42	1.04%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.39
EUR/NAD	20.30
GBP/NAD	23.26
EUR/GBP	0.87
EUR/USD	1.10
GBP/USD	1.26
AUD/USD	0.67
USD/JPY	134.76
Commodities @ 07:00
Gold	2,029.65
Silver	25.92
Platinum	1,075.20
Palladium	1,504.03
WTI	71.89
Brent	75.83

Table 5: Exchange Rates and Commodities 

Local News

Economists have voiced concerns that Namibia’s high corporate tax rate could hinder the growth of small and medium enterprises (MSMEs) and start-up businesses. (Sun Newspaper)

In 2022, Bank Windhoek financed 185 transactions valued at N$135 million in northern Namibia. This is according to Bank Windhoek’s Executive Officer of Retail Banking Services and Specialist Finance, James Chapman, who pointed out that Rundu accounted for 71 of the 185 transactions and contributed N$55 million of the total N$135 million. (New Era Newspaper)

The Erongo Desalination Plant (EDP), operated by Orano Mining Namibia, can ensure a long-term water supply to the region. (The Namibian Newspaper)

Sub-Sahara News

Higher levels of load shedding are likely this winter, and they are bound to have dire consequences for global platinum supplies. (News24)

Nigeria’s election tribunal will on Monday start hearing opposition petitions challenging president-elect Bola Tinubu’s victory in the disputed February presidential vote, court records showed on Friday. (CNBC Africa)

President Cyril Ramaphosa has authorized the deployment of 880 members of the South African National Defence Force (SANDF) to safeguard a number of Eskom power stations around the country. (All Africa News)

International News

Russia launched a wave of drone, missile, and air strikes on Kyiv and other Ukrainian cities, officials said on Monday, as Moscow stepped up attacks while preparing for its cherished Victory Day holiday celebrating the defeat of Nazi Germany in 1945. (Reuters)

Asian markets moved mostly higher on Monday amidst holidays in several countries, including China, Hong Kong, and South Korea. The Bank of Japan continues with its ultra-loose monetary policy and maintaining the status quo on the yield curve control policy helped sentiment. (RTT News)

Nearly a year after Thailand decriminalised cannabis amid promises of an economic bonanza, Thai growers and sellers say they are being undercut by illegal imports from the United States that sell for a fraction of the price of homegrown buds. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,350,437.00	156,826,244.35	99.61%
ETFs	2,491.00	610,834.43	0.39%
Total	2,352,928.00	157,437,078.78	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 156,826,244.35 worth of shares was traded on the NSX on Tuesday with about N$ 37,538,485 worth of shares belonging to Anglo-American plc and N$ 640,200 worth of Namibia Breweries on the home front. ETFs worth N$ 610,834.43 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares continued to be sold off by market participants for the third time this week, resulting in a decrease in share price by 2.3% at closing
• The shares belonging to Namibia Breweries were traded on the domestic stock exchange, resulting in a slight increase in share price at the end of the trading day
• New Gold Platinum ETF N and New Gold Issuer Ltd NM ETF were subscribed by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	15.00	15.00	0.00%
First Rand Namibia	FNB	37.06	38.00	2.54%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	12.00	12.00	0.00%
Letshego	LHN	3.75	3.75	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	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	567.75	554.74	-2.29%
B2Gold Corporation	B2G	74.79	74.68	-0.15%
Oceana Group Limited	OCG	70.85	70.00	-1.20%
Mediclinic International Plc	MEP	112.54	113.70	1.03%
Truworths	TRW	54.71	55.15	0.80%
Nedbank Group Limited	NBK	206.78	207.95	0.57%
Standard Bank Group	SNB	168.97	169.19	0.13%
Shoprite Holdings	SRH	219.50	222.55	1.39%
FirstRand Limited	FST	63.03	63.39	0.57%
Momentum Metropolitan Holdings	MMT	18.37	18.25	-0.65%
Old Mutual Ltd	OMM	11.35	11.22	-1.15%
Sanlam Limited	SLA	55.48	55.07	-0.74%
Santam Limited	SNM	289.60	282.58	-2.42%
Vukile Property Fund Limited	VKN	12.67	12.51	-1.26%
Investec Limited	IVD	99.05	98.06	-1.00%
PSG Konsult Limited	KFS	13.00	12.81	-1.46%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	335.64	340.45	1.43%
New Gold Palladium ETF	NGNPLD	273.04	264.79	-3.02%
New Gold Platinum ETF N	NGNPLT	191.20	191.60	0.21%
New Funds S&P NAM Bond	NFNAMA	18.32	18.26	-0.33%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.32
EUR/NAD	20.11
GBP/NAD	22.74
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	132.71
Commodities @ 07:00
Gold	2,010.95
Silver	25.34
Platinum	1,106.60
Palladium	1,495.00
WTI	77.30
Brent	80.60

Table 5: Exchange Rates and Commodities 

Local News

The Anti-Corruption Commission (ACC) is expected to finish interviewing individual board members of the National Petroleum Corporation of Namibia (Namcor) today over their role in an Angolan oil joint venture in which the company has a stake. (Sun Newspaper)

The Development Bank of Namibia has announced its participation in the Bank of Namibia SME Economic Recovery Loan scheme. Participation brings the number of schemes on offer by DBN to two. The other scheme offered by the Bank is the KfW Bankengruppe (KfW) scheme.. (New Era Newspaper)

A company leasing part of the Von Bach Dam area near Okahandja from Namibia Wildlife Resort wants the High Court to order the government to pay N$465 million to it, based on its claim that land used by the two waterski clubs at the dam overlaps the area leased by the company (The Namibian Newspaper)

Sub-Sahara News

The Eskom Debt Relief Bill, which will see R254 billion of debt removed from its balance sheet, will free up billions to fix Eskom and reduce load shedding. (News24)

As foreign governments scramble to evacuate their nationals from Sudan, those with nowhere to go say they feel forsaken, and fear the exodus of expatriates could mean worse bloodshed to come. (CNBC Africa)

Authorities in Burkina Faso must conduct a full and independent investigation into the recent killing of scores of civilians in a village near the border with Mali, the UN human rights office, OHCHR, said on Tuesday. (All Africa News)

International News

President Joe Biden launched his re-election bid on Tuesday with a promise to protect American liberties from "extremists" linked to former President Donald Trump, who he beat in 2020 and might face again in 2024. (Reuters)

Markets in Europe are expected to open weak on Wednesday amidst a renewed focus on the Fed ahead of the release of key data later in the week. (RTT News)

Sudanese and foreigners have streamed out of the capital of Khartoum and other battle zones, as fighting shook a new three-day truce brokered by the United States and Saudi Arabia. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	158,198.00	9,821,289.45	98.72%
ETFs	492.00	127,158.40	1.28%
Total	158,690.00	9,948,447.85	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 9,821,289.45 worth of shares was traded on the NSX on Monday with about N$ 2,265,632 worth of shares belonging to Anglo-American plc and N$    38,456 worth of SBN Holdings Ltd on the home front. ETFs worth N$ 127,158.40 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares were subscribed by  market participants on the overall bourse, with a 2.2% decline in share price at closing
• The shares owned by SBN Holdings Ltd were traded on the domestic stock exchange, causing the share price to rise by 53.85% at the end of the trading day, following the announcement of a dividend of 46 cents per share.
• New Gold Issuer Ltd NM and New Gold Platinum ETF N were traded on the exchange

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.02	46.03	0.02%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	37.00	37.00	0.00%
Standard Bank Namibia	SNO	5.20	8.00	53.85%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.75	3.65	-2.67%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.84	12.81	-0.23%
Mobile Telecommunication Company	MOC	7.08	7.08	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	566.15	570.79	0.82%
B2Gold Corporation	B2G	67.81	69.18	2.02%
Oceana Group Limited	OCG	70.96	70.76	-0.28%
Mediclinic International Plc	MEP	110.99	111.50	0.46%
Truworths	TRW	52.66	52.77	0.21%
Nedbank Group Limited	NBK	207.70	213.22	2.66%
Standard Bank Group	SNB	167.67	170.84	1.89%
Shoprite Holdings	SRH	216.50	219.91	1.58%
FirstRand Limited	FST	61.02	61.80	1.28%
Momentum Metropolitan Holdings	MMT	17.74	17.80	0.34%
Old Mutual Ltd	OMM	11.04	11.41	3.35%
Sanlam Limited	SLA	54.73	55.86	2.06%
Santam Limited	SNM	274.85	279.95	1.86%
Vukile Property Fund Limited	VKN	12.79	12.43	-2.81%
Investec Limited	IVD	96.70	97.55	0.88%
PSG Konsult Limited	KFS	12.30	12.20	-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	338.25	333.23	-1.48%
New Gold Palladium ETF	NGNPLD	247.20	249.37	0.88%
New Gold Platinum ETF N	NGNPLT	170.56	171.85	0.76%
New Funds S&P NAM Bond	NFNAMA	18.29	18.36	0.38%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.25
EUR/NAD	19.73
GBP/NAD	22.48
EUR/GBP	0.87
EUR/USD	1.08
GBP/USD	1.23
AUD/USD	0.66
USD/JPY	130.64
Commodities @ 07:00
Gold	1,977.55
Silver	23.16
Platinum	981.50
Palladium	1,407.28
WTI	72.72
Brent	77.36

Table 5: Exchange Rates and Commodities 

Local News

Namibia's newest - and the world's most technologically advanced - recovery ship, the Benguela Gem, yielded 480 000 carats of diamonds for the 2022-23 financial year. (Sun Newspaper)

The health ministry says although Namibia has not yet reported cases of the extremely dangerous Marburg virus, there is a need to be on high alert and vigilance, especially at the main border crossings, as well as in public and private facilities.. (New Era Newspaper)

The National Petroleum Corporation of Namibia (Namcor) is embroiled in a dirty power struggle between its board chairperson Jennifer Comalie and managing director Immanuel Mulunga over the control of the state-owned oil company. (The Namibian Newspaper)

Sub-Sahara News

Banking group FNB is now offering inverters, UPS systems, solar back-up, and complete off-grid solutions from its banking app. (News24)

Block CEO Jack Dorsey and his top brass descended on Accra for the inaugural Africa Bitcoin Conference in December to talk about one of the most potentially disruptive and transformative alternatives to the continent’s existing financial system: bitcoin. (CNBC Africa)

Government ministers and their deputies have been shielded from rolling power blackouts by the government spending more than R7m to buy generators and inverters for them at their official homes (All Africa News)

International News

North Korea unveiled new, smaller nuclear warheads as leader Kim Jong Un called for scaling up the production of weapons-grade nuclear material to expand the country's arsenal, state media KCNA said on Tuesday. (Reuters)

European stocks are seen opening on a positive note Tuesday amid growing bets that global central banks will adopt a less hawkish stance in the face of a potential bank breakdown (RTT News)

Russia’s navy has test-fired supersonic antiship missiles at a mock target in the Sea of Japan, the Russian defense ministry has said. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	51,212.00	4,160,630.51	100.00%
ETFs	-	-	0.00%
Total	51,212.00	4,160,630.51	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,160,630.51 worth of shares was traded on the NSX on Wednesday with about N$ 1,367,152 worth of shares belonging to Anglo-American plc and N$ 417,178 worth of Namibia Breweries on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share price plummet as one-third of the share award will be released in March 2024
• Shares belonging to Namibia Breweries 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	46.02	46.02	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	34.06	34.06	0.00%
Standard Bank Namibia	SNO	5.20	5.20	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.75	3.75	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	12.84	12.84	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	592.12	589.19	-0.49%
B2Gold Corporation	B2G	67.07	66.38	-1.03%
Oceana Group Limited	OCG	71.00	70.92	-0.11%
Mediclinic International Plc	MEP	112.28	111.55	-0.65%
Truworths	TRW	52.45	51.68	-1.47%
Nedbank Group Limited	NBK	207.96	212.91	2.38%
Standard Bank Group	SNB	165.15	167.79	1.60%
Shoprite Holdings	SRH	215.70	216.11	0.19%
FirstRand Limited	FST	60.91	62.20	2.12%
Momentum Metropolitan Holdings	MMT	17.67	18.04	2.09%
Old Mutual Ltd	OMM	10.88	11.02	1.29%
Sanlam Limited	SLA	54.20	55.06	1.59%
Santam Limited	SNM	283.35	277.70	-1.99%
Vukile Property Fund Limited	VKN	13.17	12.79	-2.89%
Investec Limited	IVD	99.42	100.76	1.35%
PSG Konsult Limited	KFS	12.10	12.26	1.32%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	340.04	333.00	-2.07%
New Gold Palladium ETF	NGNPLD	250.72	258.34	3.04%
New Gold Platinum ETF N	NGNPLT	175.62	174.12	-0.85%
New Funds S&P NAM Bond	NFNAMA	18.25	18.31	0.33%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.15
EUR/NAD	19.80
GBP/NAD	22.37
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.23
AUD/USD	0.67
USD/JPY	130.66
Commodities @ 07:00
Gold	1,979.50
Silver	23.12
Platinum	997.45
Palladium	1,438.53
WTI	70.16
Brent	76.03

Table 5: Exchange Rates and Commodities 

Local News

Executive director of the information ministry, Dr. Audrin Mathe, has hit back at British high commissioner to Namibia Charles Moore’s assertion that there’s no risk in Namibia granting citizenship to a boy whose fathers are in a same-sex marriage. (Sun Newspaper)

President Hage Geingob will soon lead a team to the Leonardville area, where a Russian company hopes to extract uranium, to listen to all concerned parties and debate on the controversial mining operations in the area. (New Era Newspaper)

The Nama Traditional Leaders Association (NTLA) has slammed the Namdia Foundation's lack of support with regards to hosting a genocide remembrance slated for 21 and 22 April at Shark Island, at Lüderitz in the ||Kharas region. (The Namibian Newspaper)

Sub-Sahara News

Engagements with management at five of Eskom's coal-fired power plants so far suggest it is technical and investment issues, and not corruption, adversely affecting the performance of the utility's fleet, the newly appointed minister of electricity has said. (News24)

Chinese battery minerals producer Zhejiang Huayou Cobalt 603799.SS said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe (CNBC Africa)

A US Embassy report on Zimbabwe's human rights situation has described the government as not willing to reform, involved in massive disregard for basic tenets of democracy and continuously repeating mistakes highlighted by observers five years ago. (All Africa News)

International News

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. (Reuters)

Asian stocks ended broadly lower on Thursday as concerns grew about the health of the global banking system. Investor attention also moved to central bank meetings and regulatory action to shore up confidence and avoid a repeat of the 2008 financial crisis. (RTT News)

The Saudi Arabian and Iranian foreign ministers spoke by phone to mark the beginning of Ramadan and have agreed to meet “soon” to start the process of re-opening embassies and consulates, according to Saudi Arabia’s foreign affairs ministry. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	401,200.00	4,791,302.50	100.00%
ETFs	-	-	0.00%
Total	401,200.00	4,791,302.50	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,791,302.50 worth of shares was traded on the NSX on Friday with about N$ 4,788,963 worth of shares belonging to PSG Konsult Limited and N$ 2,340 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• The JSE stock market experienced a sell-off, prompting investors to sell off PSG Konsult shares, resulting in a 1.3% decline in share price performance on the overall bourse
• 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	46.02	46.02	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	34.06	34.06	0.00%
Standard Bank Namibia	SNO	5.20	5.20	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.60	3.60	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	12.84	12.84	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

­­

Name	South African Dual-Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	553.71	557.90	0.76%
B2Gold Corporation	B2G	64.69	64.61	-0.12%
Oceana Group Limited	OCG	68.96	71.00	2.96%
Mediclinic International Plc	MEP	110.57	109.98	-0.53%
Truworths	TRW	52.70	52.22	-0.91%
Nedbank Group Limited	NBK	214.26	211.97	-1.07%
Standard Bank Group	SNB	168.30	165.56	-1.63%
Shoprite Holdings	SRH	215.79	215.38	-0.19%
FirstRand Limited	FST	61.93	61.44	-0.79%
Momentum Metropolitan Holdings	MMT	17.00	17.73	4.29%
Old Mutual Ltd	OMM	11.14	11.02	-1.08%
Sanlam Limited	SLA	54.43	53.89	-0.99%
Santam Limited	SNM	277.88	279.46	0.57%
Vukile Property Fund Limited	VKN	13.37	13.11	-1.94%
Investec Limited	IVD	100.58	97.58	-2.98%
PSG Konsult Limited	KFS	11.95	11.80	-1.26%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	330.48	335.84	1.62%
New Gold Palladium ETF	NGNPLD	253.92	248.99	-1.94%
New Gold Platinum ETF N	NGNPLT	171.55	172.23	0.40%
New Funds S&P NAM Bond	NFNAMA	18.24	18.22	-0.11%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.40
EUR/NAD	19.64
GBP/NAD	22.42
EUR/GBP	0.87
EUR/USD	1.06
GBP/USD	1.21
AUD/USD	0.66
USD/JPY	131.82
Commodities @ 07:00
Gold	1,991.65
Silver	22.59
Platinum	979.55
Palladium	1,414.53
WTI	66.23
Brent	72.12

Table 5: Exchange Rates and Commodities 

Local News

The National Housing Enterprise (NHE) board has snubbed a request by the Public Service Union of Namibia (PSUN) to meet for discussions aimed at finding solutions to a labor stand-off that has crippled operations at the housing agency. (Sun Newspaper)

The United Kingdom is in the process of changing Namibia’s status due to the purported abuse of its asylum and other immigration laws, New Era has been reliably informed. (New Era Newspaper)

The outgoing chief executive officer (CEO) of TransNamib, Johnny Smith, has been appointed as Grindrod Rail's new CEO as of 1 April. (The Namibian Newspaper)

Sub-Sahara News

The gold price is climbing amid financial sector turmoil in the US, and SA miners are well-positioned to benefit. (News24)

Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global airlines' industry association said on Thursday. (CNBC Africa)

A South African accountant who was investigating high-level corruption cases Cloete Murray (50), and his son Thomas (28), were shot by unknown gunmen on Saturday while they were driving in Johannesburg. (All Africa News)

International News

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks. (Reuters)

Asian stocks ended mixed on Monday as regulators from across the world moved to assuage investor concerns of a global ripple effect coming from the United States. (RTT News)

North Korean leader Kim Jong Un has supervised two days of drills “simulating a nuclear counterattack” — including the firing of a ballistic missile carrying a mock nuclear warhead — according to state news agency KCNA, as South Korea and the United States continued their own military exercises. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,189,808.00	39,543,578.31	100.00%
ETFs	-	-	0.00%
Total	1,189,808.00	39,543,578.31	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 39,543,578.31 worth of shares was traded on the NSX on Thursday with about N$ 4,369,602 worth of shares belonging to Shoprite Holdings and N$ 68,000 worth of Namibia Asset Management Limited on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• The JSE stock market experienced a sell-off, prompting investors to seek stable companies with lower volatility to hedge their risks. As a result, Shoprite's shares increased by 1.0%, with N$4 million worth of shares being traded in the market
• Although Namibia Asset Management shares were the most actively traded on the domestic market, their share price performance remained the same.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.02	46.02	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	34.06	34.06	0.00%
Standard Bank Namibia	SNO	5.21	5.20	-0.19%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.60	3.60	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	12.84	12.84	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	562.28	553.71	-1.52%
B2Gold Corporation	B2G	63.60	64.69	1.71%
Oceana Group Limited	OCG	69.00	68.96	-0.06%
Mediclinic International Plc	MEP	109.90	110.57	0.61%
Truworths	TRW	52.99	52.70	-0.55%
Nedbank Group Limited	NBK	213.62	214.26	0.30%
Standard Bank Group	SNB	166.25	168.30	1.23%
Shoprite Holdings	SRH	213.72	215.79	0.97%
FirstRand Limited	FST	62.47	61.93	-0.86%
Momentum Metropolitan Holdings	MMT	17.40	17.00	-2.30%
Old Mutual Ltd	OMM	11.27	11.14	-1.15%
Sanlam Limited	SLA	54.30	54.43	0.24%
Santam Limited	SNM	275.00	277.88	1.05%
Vukile Property Fund Limited	VKN	13.30	13.37	0.53%
Investec Limited	IVD	98.07	100.58	2.56%
PSG Konsult Limited	KFS	12.00	11.95	-0.42%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	321.37	329.56	2.55%
New Gold Palladium ETF	NGNPLD	264.41	255.99	-3.18%
New Gold Platinum ETF N	NGNPLT	172.17	169.40	-1.61%
New Funds S&P NAM Bond	NFNAMA	18.23	18.21	-0.11%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.34
EUR/NAD	19.52
GBP/NAD	22.27
EUR/GBP	0.87
EUR/USD	1.06
GBP/USD	1.21
AUD/USD	0.67
USD/JPY	133.12
Commodities @ 07:00
Gold	1,933.95
Silver	22.08
Platinum	991.95
Palladium	1,443.03
WTI	69.03
Brent	75.42

Table 5: Exchange Rates and Commodities 

Local News

President Hage Geingob yesterday stopped short of declaring a state of emergency over unemployment, but startlingly stated that hordes of frustrated unemployed youth may turn to ‘terrorism’ for survival. (Sun Newspaper)

Trade and industrialization minister Lucia Iipumbu says Namibia has recognized that achieving its global warming targets and commitments requires sectoral approaches. Thus, a National Cooling Strategy has been drafted and will soon be submitted to parliament for endorsement (New Era Newspaper)

PRIME minister Saara Kuugongelwa-Amadhila has sounded concerned over Namibia's increasing debt, which now stands at over 70% of the gross domestic product. (The Namibian Newspaper)

Sub-Sahara News

The new round of public sector wage negotiations could be settled as soon as next week should both government and the majority of unions each move by 0.5% at the next meeting of the Public Sector Coordinating Bargaining Chamber. (News24)

South Africa’s rand bounced on Thursday as the dollar eased and some calm was restored in markets after an emergency lifeline for embattled lender Credit Suisse by Swiss authorities, ahead of a key European Central Bank (ECB) meeting later in the day.. (CNBC Africa)

Women health workers are more than two-thirds of the health workforce and represent 90% of the world's frontline health workers, yet hold less than a quarter of senior leadership roles - a situation that is unfair and a significant risk for global health security. (All Africa News)

International News

Multi-billion dollar lifelines for troubled U.S. and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted. (Reuters)

European stocks tumbled on Thursday as investors assessed the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital (RTT News)

As Russian offensive power seemed to peter out across Ukraine’s eastern front, mercenary forces from Russia’s Wagner Group doubled down on attacks against the Ukrainian defenders of Bakhmut city in the Donetsk region during the 55th week of the war. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	952,972.00	22,960,744.10	100.00%
ETFs	-	-	0.00%
Total	952,972.00	22,960,744.10	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 22,960,744.10 worth of shares was traded on the NSX on Tuesday with about N$ 2,529,375 worth of shares belonging to Anglo-American plc and N$ 34,877 worth of Letshego Holdings (Namibia) Ltd home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• After a market sell-off, the share price of Anglo-American has been decreasing, and the company's stock price has dropped by 1.0%
• Letshego Holdings shares were traded on the domestic exchange, but there was no movement in the company's stock price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.02	46.02	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.81	13.81	0.00%
First Rand Namibia	FNB	34.06	34.06	0.00%
Standard Bank Namibia	SNO	5.20	5.20	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.60	3.60	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	12.84	12.84	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	611.26	605.22	-0.99%
B2Gold Corporation	B2G	60.83	63.71	4.73%
Oceana Group Limited	OCG	67.87	68.34	0.69%
Mediclinic International Plc	MEP	109.33	109.25	-0.07%
Truworths	TRW	55.54	54.96	-1.04%
Nedbank Group Limited	NBK	220.94	219.17	-0.80%
Standard Bank Group	SNB	170.48	169.99	-0.29%
Shoprite Holdings	SRH	214.93	217.07	1.00%
FirstRand Limited	FST	65.16	64.31	-1.30%
Momentum Metropolitan Holdings	MMT	17.98	17.86	-0.67%
Old Mutual Ltd	OMM	11.68	11.87	1.63%
Sanlam Limited	SLA	57.06	56.86	-0.35%
Santam Limited	SNM	297.28	288.00	-3.12%
Vukile Property Fund Limited	VKN	13.54	13.52	-0.15%
Investec Limited	IVD	103.43	101.98	-1.40%
PSG Konsult Limited	KFS	12.12	12.05	-0.58%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	324.66	321.37	-1.01%
New Gold Palladium ETF	NGNPLD	258.36	264.41	2.34%
New Gold Platinum ETF N	NGNPLT	175.33	172.17	-1.80%
New Funds S&P NAM Bond	NFNAMA	18.23	18.23	0.00%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.13
EUR/NAD	19.48
GBP/NAD	22.05
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.66
USD/JPY	134.57
Commodities @ 07:00
Gold	1,905.95
Silver	21.83
Platinum	991.45
Palladium	1,498.03
WTI	72.40
Brent	78.52

Table 5: Exchange Rates and Commodities 

Local News

Axed fishermen employed on ArcticNam Fishing’s Heinaste marine vessel are now gunning for the liquidation of the company after it failed to honour a N$1.82 million settlement by the Walvis Bay Labour Court. (Sun Newspaper)

Fisheries minister Derek Klazen says there are no new jobs in the fishing industry unless new factories are built or new vessels are bought by industry players. Klazen was speaking at the official opening of the Merlus Group’s new factory, known as Merlus Cormorant Fishing, at Walvis Bay on Friday. (New Era Newspaper)

The budgets allocated to the two state-funded media houses New Era Publication Corporation (NEPC) and the Namibia Press Agency (Nampa) have more than doubled this year. (The Namibian Newspaper)

Sub-Sahara News

Oudtshoorn in the Western Cape tops the list of 15 least polluted regional cities in Africa, a new report shows. However, Thabazimbi, in Limpopo, is among the top 15 regional cities in the continent which are most polluted. (News24)

Tropical Storm Freddy, one of the most powerful storms ever to hit the southern hemisphere, has killed 190 people in Malawi after ripping through southern Africa for the second time in a month, Malawi’s disaster management agency said on Tuesday. (CNBC Africa)

Newly appointed Minister of Public Service and Administration Minister Noxolo Kiviet allegedly received an honours and a master's degree from Fort Hare University without having a bachelor's degree, (All Africa News)

International News

Facebook-parent Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. (Reuters)

Asian stocks tumbled on Wednesday as hawkish comments from Fed Chair Jerome Powell on the first day of his semiannual two-day testimony before Congress stoked concerns about interest rates being hiked by 50 basis points at the March FOMC meeting (RTT News)

Tensions have flared in Pakistan’s eastern city of Lahore after police arrived outside the home of former Prime Minister Imran Khan to arrest him for failing to appear in court on Monday over corruption charges.. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	642,733.00	16,384,497.66	100.00%
ETFs	-	-	0.00%
Total	642,733.00	16,384,497.66	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 16,384,497.66 worth of shares was traded on the NSX on Friday with about N$ 495,290 worth of shares belonging to Anglo-American plc and N$145,879 worth of FirstRand Namibia Ltd on the home front. No ETFs were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American's stock price has experienced a downturn in the general market following the transactions made by Directors/PDMRs which was approved by the Company’s Remuneration Committee. This resulted in the decline of the company’s share price by 1.5%
• The domestic exchange facilitated the trading of FirstRand Namibia’s shares, resulting in an increase of 0.1% in the company's stock price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.02	46.02	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.81	13.81	0.00%
First Rand Namibia	FNB	34.02	34.06	0.12%
Standard Bank Namibia	SNO	5.20	5.20	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.53	3.53	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	12.84	12.84	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	629.30	619.60	-1.54%
B2Gold Corporation	B2G	61.43	60.37	-1.73%
Oceana Group Limited	OCG	69.71	67.94	-2.54%
Mediclinic International Plc	MEP	110.00	109.50	-0.45%
Truworths	TRW	57.75	56.44	-2.27%
Nedbank Group Limited	NBK	227.30	225.70	-0.70%
Standard Bank Group	SNB	179.82	175.68	-2.30%
Shoprite Holdings	SRH	218.73	217.50	-0.56%
FirstRand Limited	FST	68.04	67.18	-1.26%
Momentum Metropolitan Holdings	MMT	19.00	18.53	-2.47%
Old Mutual Ltd	OMM	12.27	12.05	-1.79%
Sanlam Limited	SLA	58.39	59.27	1.51%
Santam Limited	SNM	302.00	301.22	-0.26%
Vukile Property Fund Limited	VKN	13.73	13.55	-1.31%
Investec Limited	IVD	112.70	109.06	-3.23%
PSG Konsult Limited	KFS	12.42	12.25	-1.37%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	317.16	316.28	-0.28%
New Gold Palladium ETF	NGNPLD	246.68	245.31	-0.56%
New Gold Platinum ETF N	NGNPLT	171.71	167.43	-2.49%
New Funds S&P NAM Bond	NFNAMA	18.11	18.14	0.17%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.20
EUR/NAD	19.52
GBP/NAD	22.06
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.66
USD/JPY	134.04
Commodities @ 07:00
Gold	1,885.65
Silver	20.81
Platinum	970.90
Palladium	1,402.28
WTI	77.04
Brent	83.14

Table 5: Exchange Rates and Commodities 

Local News

For the period ending 31 December 2022, locally-listed Oryx Properties Limited maintained its positive momentum in financial and operational performance, resulting in rental income increasing by 10.8% (Dec 2021: 2.9%) to N$175 million (Dec 2021: N$158 million), while containing vacancies to a minimum and achieving 6.1% (Dec 2021: 5.9%). (Sun Newspaper)

The Motor Vehicle Accident Fund wants to proceed with a High Court judgment regarding an investment tender, despite the fact that the case has now been taken to the Supreme Court. (New Era Newspaper)

Many have been left shell shocked after 2,000 unemployed youth from Windhoek flocked to a local hang-spot to submit their curricula vitae (CVs) to be considered for 16 advertised positions. (The Namibian Newspaper)

Sub-Sahara News

As soon as the power goes off and the traffic lights are out, homeless men sporting bright-green high-visibility vests emerge apparently from nowhere and start directing the cars at a busy Johannesburg intersection. (News24)

Tropical storm Freddy is due to hit the coast of Southern Africa again late Friday or early Saturday, after killing at least 27 people in Mozambique and Madagascar since it first made landfall last month. (CNBC Africa)

As former leaders of the Press Union of Liberia, we issue this open letter appealing for collective action to prevent rigging of the October 2023 presidential and general elections and avert violence in Liberia. With our country facing increased instability, we call on all parties and candidates to come together and devise a mechanism to ensure free and fair democratic elections. (All Africa News)

International News

Nuclear-armed North Korea test-fired two strategic cruise missiles from a submarine on Sunday, state news agency KCNA said on Monday, just as U.S.-South Korea military drills were due to begin. (Reuters)

European stocks were broadly higher on Monday as investors awaited a testimony by Fed Chair Jerome Powell and the U.S. jobs report this week for further clarity on the rating outlook (RTT News)

Ukraine’s President Volodymyr Zelenskyy said more than 1,100 Russian soldiers had been killed in the past few days fighting along the Bakhmut section of the front line (Aljazeera News)