Category: Reports




NSX DAILY UPDATE (14 JULY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 4,969,579.00 178,315,889.08100.00%
ETFs -   -  0.00%
Total 4,969,579.00 178,315,889.08100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 178,315,889.08 worth of shares was traded on the NSX on Friday with about N$ 504,067 worth of shares belonging to Anglo-American plc and N$ 13,080,470 worth of shares belonging to FirstRand Namibia Ltd. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Share belonging to Anglo-American were sold-off by market participants as China’s weak economic data deteriorates commodity prices, resulting in a decline of 0.5% in the company's stock value at closing
  • FirstRand Namibia’s shares were dumped by market participants, resulting in a decline of 0.8% in share price at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.6514.700.34%
First Rand NamibiaFNB50.4050.00-0.79%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.853.850.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.507.500.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades

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NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM559.80557.25-0.46%
B2Gold CorporationB2G68.7267.74-1.43%
Oceana Group LimitedOCG69.2568.37-1.27%
TruworthsTRW59.9859.990.02%
Nedbank Group LimitedNBK224.61223.11-0.67%
Standard Bank GroupSNB183.63183.57-0.03%
Shoprite Holdings SRH238.60238.04-0.23%
Firstrand LimitedFST69.8469.860.03%
Momentum Metropolitan HoldingsMMT18.4918.570.43%
Old Mutual LtdOMM12.4912.530.32%
Sanlam LimitedSLA62.9063.100.32%
Santam LimitedSNM290.00287.84-0.74%
Vukile Property Fund LimitedVKN12.0712.090.17%
Investec LimitedIVD107.23108.411.10%
PSG Konsult LimitedKFS13.5113.620.81%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD327.30330.380.94%
New Gold Palladium ETFNGNPLD223.44221.01-1.09%
New Gold Platinum ETF NNGNPLT168.05169.891.09%
Satrix S&P Namibia Bond ETF)SXNNAM19.0719.070.00%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.08
EUR/NAD20.31
GBP/NAD23.65
EUR/GBP0.85
EUR/USD1.12
GBP/USD1.30
AUD/USD0.68
USD/JPY138.45
Commodities @ 07:00 
Gold1,957
Silver25.01
Platinum975.00
Palladium1,256.78
WTI74.25
Brent88.75

Table 5: Exchange Rates and Commodities 

Local News

Parliament is among key state institutions claiming to be in the dark about the biggest investment in the country's history. (Sun Newspaper)

Parliamentarian Henny Seibeb has accused ministers of turning parastatals into cash cows to foot their globetrotting desires through subsistence and travel allowances. (New Era Newspaper)

In an attempt to preserve jobs and maintain effective refuse management, the Swakopmund municipal council recently agreed to the continuation of an agreement with waste management company Rent-a-Drum. (The Namibian Newspaper)

Sub-Sahara News

Richemont reported higher first-quarter sales as a rebound in China outweighed a decline in the Americas. (News24)

Sub-Saharan Africa’s gaming industry is expected to generate over $1 billion for the first time in 2024. (CNBC Africa)

The 194 Member States of the World Health Organization (WHO) are currently negotiating the first pandemic accord (AllAfrica News)

International News

China's economy grew at a frail pace in the second quarter as demand weakens at home and abroad, with the post-COVID momentum faltering rapidly and raising pressure on policymakers to deliver more stimulus to shore up activity. (Reuters News)

Asian stocks ended Monday's session on a mixed note after data showed China's economy teetered on the brink of deflation in June, adding to the case for policymakers to launch more stimulus to boost growth. (RTT News)

A United Nations and Turkey-brokered pact that allowed the export of Ukrainian grain via the Black Sea is set to expire on Monday if Russia does not agree to extend it. (Aljazeera News)

Inflation report, June 2023

Executive Summary

  • In June 2023, the annual inflation rate slowed to 5.3% from the 6.0% recorded in June 2022 and from the 6.3% recorded the prior month. (Figure 1)
  • The biggest contributors to inflation were: food and non-alcoholic beverages (11.7 %), recreation and culture (10.1%), and miscellaneous goods and services (8.1 %). (Figure 2)
  • Namibia recorded an inflation rate of 0.1% on a monthly basis in June 2023 compared to 0.2% in May 2023. The monthly decline was mainly driven by transport inflation which recorded a decline of 0.4%

Analysis

  • The food and non-alcoholic beverages component which accounts for 16.5% of the NCPI basket, recorded an annual inflation rate of 11.7% for June 2023, this was less than the 12.5% recorded in May 2023 but more than the 7.0% recorded for June 2022. The increase in the annual inflation rate for this category was mainly attributed to an increase in the prices of vegetables (18.5%), bread and cereals (17.3%), and fruits (17.2%). This was the 6th month of Food and non-alcoholic beverages being the largest contributor to inflation.
  • The transport category which accounts for 14.3% of the consumer basket registered a decline in the annual inflation rate of 0.1% in June 2023 compared to 18.6% recorded in June 2022. The decline in the annual inflation rate for this component was reflected mainly in the subcomponent of operation of personal transport equipment which declined by 2.5% compared to 32.0% obtained in June 2022 attributed to the -7% fall in petrol and diesel prices. On a monthly basis, the category registered a decline of 0.4% in the general level of prices in June 2023 compared to a decline of 0.6% registered in May 2023.
  • Recreation and culture recorded an increase in the annual inflation rate of 10.1% from 4.9%. This was influenced by an increase in the demand for package holidays as travel activities increases due to June being a school holiday month
  •  The annual inflation rate for miscellaneous goods and services increased from 0.8% to 8.1%. This was driven by an increase in prices of insurance services

Figure 1: Annual Inflation Index & Rate Namibia, (June 2022 – June 2023)

Source: NSA & HEI Research

Figure 2: Sub-Categorical analysis (%) change Year on Year(y-o-y) and Month on Month(m-o-m)

Source: NSA & HEI Research

Outlook

Going forward we expect inflation to continue easing mainly due to the base effect and the anticipated decline in prices of major components such as food and transport. This is due to easing cost-push factors and a decline in global oil prices.

NSX DAILY UPDATES (12 JULY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 429,619.00 10,034,623.10100.00%
ETFs -   -  0.00%
Total 429,619.00 10,034,623.10100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 10,034,623.10 worth of shares was traded on the NSX on Wednesday with about N$ 817,147 worth of shares belonging to Anglo-American plc and N$ 158,776 worth of shares belonging to Shoprite Holdings. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

  • Share belonging to Anglo-American was subscribed by market participants as cooling U.S inflation data boosted investor confidence in the mining sector, resulting in an increase of 3.1% in the company's stock value at closing
  • Shoprite Holdings’ shares were traded by market participants after the Competition Tribunal ruling regarding its exclusive lease agreements, resulting in a slight increase in share price by 2.5% at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.6514.650.00%
First Rand NamibiaFNB50.4050.400.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.0011.000.00%
Letshego  LHN3.853.850.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.507.500.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

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NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM533.52550.003.09%
B2Gold CorporationB2G66.9567.020.10%
Oceana Group LimitedOCG69.1170.962.68%
TruworthsTRW56.4859.605.52%
Nedbank Group LimitedNBK220.73224.461.69%
Standard Bank GroupSNB175.51179.011.99%
Shoprite Holdings SRH233.24239.112.52%
Firstrand LimitedFST67.8368.971.68%
Momentum Metropolitan HoldingsMMT18.1118.321.16%
Old Mutual LtdOMM12.0612.261.66%
Sanlam LimitedSLA60.2261.191.61%
Santam LimitedSNM283.08283.100.01%
Vukile Property Fund LimitedVKN12.0412.120.66%
Investec LimitedIVD104.42106.582.07%
PSG Konsult LimitedKFS13.4913.530.30%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD337.83331.70-1.81%
New Gold Palladium ETFNGNPLD222.13226.071.77%
New Gold Platinum ETF NNGNPLT167.81167.50-0.18%
Satrix S&P Namibia Bond ETF)SXNNAM18.9118.930.11%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.16
EUR/NAD20.23
GBP/NAD23.59
EUR/GBP0.85
EUR/USD1.11
GBP/USD1.29
AUD/USD0.68
USD/JPY138.77
Commodities @ 07:00 
Gold1,961.45
Silver24.37
Platinum962.80
Palladium1,294.28
WTI75.92
Brent80.33
Table 5: Exchange Rates and Commodities 

Local News

Rössing Uranium has sponsored N$50 000 to a team of 20 small-scale miners, under the Emerging Mining Association of Namibia, to attend an international mining conference in Angola (Sun Newspaper)

Meatco employees yesterday took to the streets to voice their grievances and demand significant improvements to their working conditions and pay (New Era Newspaper)

Mobile Telecommunications Company (MTC) yesterday said it would not share its infrastructure with other industry players. (The Namibian Newspaper)

Sub-Sahara News

The Competition Tribunal on Wednesday agreed to give Shoprite as much time as its rival, Pick n Pay, to phase out controversial exclusive lease agreements (News24)

Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said. (CNBC Africa)

At least seven people were killed in Wednesday's protests in Kenya, as demonstrators took to the streets to protest the high cost of living (AllAfrica News)

International News

President Joe Biden accused Russian President Vladimir Putin of having a "craven lust for land and power" at the end of a NATO summit on Wednesday where Ukraine won new security assurances from the U.S. and its allies for its defense against Moscow. (Reuters News)

European stocks tumbled on Thursday, as heightened concerns about China's economic recovery and expectations for a more hawkish Federal Reserve sapped investors' appetite for risk. (RTT News)

Pita Limjaroenrat’s progressive party may have won the most number of seats in Thailand’s general election, but it is far from certain that the 42-year-old businessman will succeed in becoming the Southeast Asian nation’s next prime minister. (Aljazeera News)

NSX DAILY UPDATES (06 JULY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,299,564.00 39,028,613.87100.00%
ETFs -   -  0.00%
Total 1,299,564.00 39,028,613.87100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 39,028,613.87 worth of shares was traded on the NSX on Thursday with about N$ 5,034,180 worth of shares belonging to Anglo-American plc and N$ 45,430 worth of shares belonging to Letshego Holdings Ltd on the domestic market. Additionally, No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Share belonging to Anglo-American continuously declined, as Chinese industrial profits data disappointed, resulting in a decline of 3.9% in the company's stock value at closing
  • Letshego Holdings’ shares were traded by market participants with a slight decline in share price by 2.5% at closing.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.6514.650.00%
First Rand NamibiaFNB50.4050.400.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.0011.000.00%
Letshego  LHN3.953.85-2.53%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.090.14%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM543.00522.00-3.87%
B2Gold CorporationB2G67.1366.32-1.21%
Oceana Group LimitedOCG71.6071.26-0.47%
TruworthsTRW56.7555.73-1.80%
Nedbank Group LimitedNBK226.56221.78-2.11%
Standard Bank GroupSNB178.36175.93-1.36%
Shoprite Holdings SRH225.23221.11-1.83%
Firstrand LimitedFST68.7567.77-1.43%
Momentum Metropolitan HoldingsMMT18.1217.76-1.99%
Old Mutual LtdOMM12.2011.95-2.05%
Sanlam LimitedSLA59.9959.12-1.45%
Santam LimitedSNM290.50287.99-0.86%
Vukile Property Fund LimitedVKN12.4912.10-3.12%
Investec LimitedIVD105.89103.38-2.37%
PSG Konsult LimitedKFS13.2113.411.51%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD336.32338.680.70%
New Gold Palladium ETFNGNPLD227.34226.96-0.17%
New Gold Platinum ETF NNGNPLT165.10164.98-0.07%
Satrix S&P Namibia Bond ETF)SXNNAM19.1319.02-0.58%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.08
EUR/NAD20.78
GBP/NAD24.30
EUR/GBP0.85
EUR/USD1.08
GBP/USD1.27
AUD/USD0.66
USD/JPY144.02
Commodities @ 07:00 
Gold1,916.15
Silver22.86
Platinum908.55
Palladium1,234.50
WTI71.83
Brent76.53
Table 5: Exchange Rates and Commodities 

Local News

Namibia’s sovereign wealth fund has grown to N$385 million from its initial capital injection of N$270 million, deposited at its launch in May 2022. (Sun Newspaper)

The real value of building plans approved decreased during the first quarter of 2023. This leading indicator for future construction activity, decreased year-on-year and quarter-on-quarter by 27.1% and 33.3%, respectively. (New Era Newspaper)

Economist Daniel Motinga has threatened to resign as NamPower board chairperson due to continued political interference in the running of the national electricity company. (The Namibian Newspaper)

Sub-Sahara News

A surge in US private payrolls fuelled worries that US interest rates would stay higher for longer. (News24)

Nigeria’s average daily petrol consumption has fallen by 28% since President Bola Tinubu scrapped a popular but costly subsidy on the fuel at the end of May, data from the industry regulator shows. (CNBC Africa)

Emergency services in the Ekurhuleni metro have confirmed that 24 people died of suspected gas inhalation at the Angelo informal settlement in Boksburg on Wednesday night (AllAfrica News)

International News

The head of the U.N.'s nuclear watchdog said on Friday that one or two of the team of international experts behind its report greenlighting Japan's release of treated radioactive water from the crippled Fukushima plant may have expressed concerns (Reuters News)

Quarterly national accounts from the UK and flash inflation from France and the euro area are due on Friday, headlining a hectic day for the European economic news. (RTT News)

Israeli forces have shot dead a Palestinian man after he opened fire near an illegal settlement, killing one Israeli soldier, according to Israel’s army. (Aljazeera News)

NSX DAILY UPDATE (03 JULY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 7,204,852.00 345,477,750.13100.00%
ETFs -   -  0.00%
Total 7,204,852.00 345,477,750.13100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 345,477,750.13 worth of shares was traded on the NSX on Monday with about N$ 23,154,213 value of shares belonging to Anglo-American plc. No trades on the domestic market and ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

  • Share belonging to Anglo-American recovers slightly, as the stock market rally slowly starts to morph into commodities, resulting in an increase of 3.1% in the company's stock value at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.6514.650.00%
First Rand NamibiaFNB50.3950.390.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.0011.000.00%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM537.22554.103.14%
B2Gold CorporationB2G65.5271.368.91%
Oceana Group LimitedOCG70.5071.361.22%
TruworthsTRW56.6056.860.46%
Nedbank Group LimitedNBK228.58227.74-0.37%
Standard Bank GroupSNB177.55177.00-0.31%
Shoprite Holdings SRH225.60226.230.28%
Firstrand LimitedFST68.5068.640.20%
Momentum Metropolitan HoldingsMMT18.0618.130.39%
Old Mutual LtdOMM12.1212.10-0.17%
Sanlam LimitedSLA58.3558.350.00%
Santam LimitedSNM289.00292.251.12%
Vukile Property Fund LimitedVKN12.5412.48-0.48%
Investec LimitedIVD106.02107.351.25%
PSG Konsult LimitedKFS13.2013.351.14%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD336.54336.35-0.06%
New Gold Palladium ETFNGNPLD226.19226.620.19%
New Gold Platinum ETF NNGNPLT164.08164.790.43%
Satrix S&P Namibia Bond ETF)SXNNAM19.1319.130.00%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.76
EUR/NAD20.46
GBP/NAD23.81
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.26
AUD/USD0.66
USD/JPY144.61
Commodities @ 07:00 
Gold1,930.40
Silver23.12
Platinum920.50
Palladium1,248.53
WTI70.27
Brent75.11

Table 5: Exchange Rates and Commodities 

Local News

Mines Minister Tom Alweendo yesterday morning announced the new members of the Diamond Board of Namibia. (Sun Newspaper)

The Ministry of Mines and Energy has announced that fuel prices will remain unchanged for the month of July. (New Era Newspaper)

As Botswana and the De Beers Group reached a mutually beneficial 50/50 diamond deal, the Namibian Government is preparing for a possible change in its collaboration with the diamond company. (The Namibian Newspaper)

Sub-Sahara News

SA's largest food producer, Tiger Brands, has welcomed a high court ruling against a transport company that allegedly swindled it out of R121 million over five years by submitting around 60 fake invoices. (News24)

Mozambique’s blockbuster lawsuit against Credit Suisse UBSG.S and others over the $2 billion “tuna bond” scandal can proceed to trial, a London judge ruled on Monday, despite complaints that the African nation has failed to fully disclose documents. (CNBC Africa)

Media reports have revealed how people-smuggling gangs are using the Thursday, June 29, decision by the United Kingdom's Court of Appeal which, among others, ruled that Rwanda is not a safe destination for asylum seekers and refugees. (AllAfrica News)

International News

Israeli forces hit the city of Jenin with drone strikes on Monday in one of the biggest West Bank operations in 20 years, killing at least eight Palestinians and involving hundreds of troops in sporadic gun battles that continued into the evening. (Reuters News)

Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, with traders remaining cautious amid concerns about tighter monetary policies and the impact of higher rates on economic growth, (RTT News)

China has announced it will restrict exports of rare metals used to manufacture semiconductors due to national security concerns. (Aljazeera News)

NSX DAILY UPDATE (30 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 621,320.00 30,418,043.4392.70%
ETFs 7,144.00 2,396,638.477.30%
Total 628,464.00 32,814,681.90100.00%

Table 1: NSX Trades

NSX Activities

A total of N$30,418,043.43 worth of shares was traded on the NSX on Friday with about N$  3,776,825 worth of shares belonging to Anglo-American plc and N$ 1,914,820 worth of shares belonging FirstRand Namibia Ltd on the home front. ETFs worth N$2,396,638.47 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

  • Share belonging to Anglo-American recovers slightly, despite US economic optimism hurting precious metals, resulting in a slight increase of 1.6% in the company's stock value at closing
  • FirstRand Namibia's share price on the domestic market soared by 3%, as the buyback program takes effect reaching all-time highs.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.3036.801.38%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.5014.651.03%
First Rand NamibiaFNB48.9350.392.98%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.00-2.65%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM528.95537.221.56%
B2Gold CorporationB2G64.3065.521.90%
Oceana Group LimitedOCG70.0170.500.70%
TruworthsTRW55.8456.601.36%
Nedbank Group LimitedNBK225.51228.581.36%
Standard Bank GroupSNB173.76177.552.18%
Shoprite Holdings SRH224.00225.600.71%
Firstrand LimitedFST67.4668.501.54%
Momentum Metropolitan HoldingsMMT17.8718.061.06%
Old Mutual LtdOMM11.9512.121.42%
Sanlam LimitedSLA57.7158.351.11%
Santam LimitedSNM289.93289.00-0.32%
Vukile Property Fund LimitedVKN12.2612.542.28%
Investec LimitedIVD103.49106.022.44%
PSG Konsult LimitedKFS12.9013.202.33%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD334.77336.540.53%
New Gold Palladium ETFNGNPLD224.07226.190.95%
New Gold Platinum ETF NNGNPLT162.00164.081.28%
Satrix S&P Namibia Bond ETF)SXNNAM19.4519.13-1.65%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.82
EUR/NAD20.52
GBP/NAD23.90
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.66
USD/JPY144.66
Commodities @ 07:00 
Gold1,924.25
Silver23.03
Platinum912.05
Palladium1,235.28
WTI70.63
Brent75.40

Table 5: Exchange Rates and Commodities 

Local News

Hyphen Hydrogen Energy (Hyphen), Namibia’s partner in its quest to develop its green hydrogen project, says the country is well-positioned to successfully execute the mega-project, which is seen as an integral part of the world’s decarbonization efforts. (Sun Newspaper)

In recent months, the Namibia University of Science and Technology (Nust) has garnered significant attention, for all the wrong reasons. The institution has been plagued by controversies surrounding its governance and purported questionable actions by its top leadership (New Era Newspaper)

Those who promote illegal financial schemes will, according to a newly tabled law, be liable to a fine of up to N$2 million, or 10 years in prison. (The Namibian Newspaper)

Sub-Sahara News

A payroll tax may be levied on seven million employees who are currently not paying income tax. (News24)

The South African rand weakened on Thursday as the U.S. dollar firmed, bolstered by market expectations of more rate hikes. (CNBC Africa)

Air travellers are appalled that owners of commercial airlines are getting away with infractions like undue delays, cancellations, among others in Nigeria, at the detriment of their passengers without being punished (AllAfrica News)

International News

Asian shares firmed on Monday as demand for tech stocks buoyed Japan's market, while a data-packed week promises to be pivotal to the outlook for the Chinese economy and U.S. interest rates. (Reuters News)

European stocks may open on a positive note Monday as investors keep a close eye on the situation in Russia. After an aborted mutiny by Wagner mercenary forces led by Yevgeny Prigozhin, (RTT News)

Israel will buy its third fleet of F-35 stealth fighter jets in a deal worth $3bn that will be financed through US military aid, according to the Israeli military. (Aljazeera News)

NSX DAILY UPDATE(29 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,398,201.00 85,000,458.64100.00%
ETFs -   -  0.00%
Total 1,398,201.00 85,000,458.64100.00%

Table 1: NSX Trades

NSX Activities

A total of N$85,000,458.64 worth of shares was traded on the NSX on Thursday with about N$ 6,574,354 value of shares belonging to Anglo-American plc and N$ 63,375 value of shares belonging FirstRand Namibia Ltd on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Share belonging to Anglo-American recovers slightly as market participants halt selling off the share, resulting in a slight increase of 0.7% in the company's stock value at closing
  • FirstRand Namibia share price on the domestic market soared by 3%, as the buyback program takes effect reaching in all-time highs.
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.3036.300.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.5014.500.00%
First Rand NamibiaFNB47.5148.932.99%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM525.08528.950.74%
B2Gold CorporationB2G64.9364.30-0.97%
Oceana Group LimitedOCG68.4670.012.26%
TruworthsTRW55.4555.840.70%
Nedbank Group LimitedNBK223.04225.511.11%
Standard Bank GroupSNB174.00173.76-0.14%
Shoprite Holdings SRH223.17224.000.37%
Firstrand LimitedFST67.5067.46-0.06%
Momentum Metropolitan HoldingsMMT17.7817.870.51%
Old Mutual LtdOMM11.8611.950.76%
Sanlam LimitedSLA57.5057.710.37%
Santam LimitedSNM288.60289.930.46%
Vukile Property Fund LimitedVKN12.3312.26-0.57%
Investec LimitedIVD102.94103.490.53%
PSG Konsult LimitedKFS12.5712.902.63%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD332.89334.770.56%
New Gold Palladium ETFNGNPLD222.13224.070.87%
New Gold Platinum ETF NNGNPLT163.86162.00-1.14%
Satrix S&P Namibia Bond ETF)SXNNAM19.3519.450.52%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.74
EUR/NAD20.37
GBP/NAD23.65
EUR/GBP0.86
EUR/USD1.08
GBP/USD1.26
AUD/USD0.66
USD/JPY144.72
Commodities @ 07:00 
Gold1,912.35
Silver22.51
Platinum906.55
Palladium1,242.28
WTI69.88
Brent74.61

Table 5: Exchange Rates and Commodities 

Local News

Hyphen Hydrogen Energy (Hyphen), Namibia’s partner in its quest to develop its green hydrogen project, says the country is well-positioned to successfully execute the mega-project, which is seen as an integral part of the world’s decarbonization efforts. (Sun Newspaper)

Despite the government spending N$600 million to support the Meat Corporation of Namibia (Meatco) and abattoirs in the north over the past three years, only N$32 million has in fact ended up in the pockets north of the redline. (New Era Newspaper)

The Electoral Commission of Namibia (ECN) has confirmed that 115 of the 117 laptops stolen from its head office in Windhoek are still missing (The Namibian Newspaper)

Sub-Sahara News

Influential think tank Chatham House says that SA should overcome its fears about NHI, which could be a remarkable success. (News24)

Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. (CNBC Africa)

At least 26 Ugandans have filed a lawsuit against French oil firm TotalEnergies in Paris, France, seeking compensation for alleged human rights abuses at the company's huge megaprojects there. (AllAfrica News)

International News

When liberal Justice Ketanji Brown Jackson became the first Black woman to join the U.S. Supreme Court, she was expected to bring a different view on racial matters than Justice Clarence Thomas, its only other Black member, and a staunch conservative. (Reuters News)

European stocks were subdued on Friday as investors react to mixed economic data from the region. Eurozone bond yields dropped after preliminary data revealed business activity growth in Europe slowed in June. (RTT News)

The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on a $3bn standby arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default. (Aljazeera News)

NSX DAILY UPDATES (27 JUNE 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 198,774.00 10,831,806.98100.00%
ETFs -   -  0.00%
Total 198,774.00 10,831,806.98100.00%
Table 1: NSX Trades

NSX Activities

A total of N$10,831,806.98 worth of shares was traded on the NSX on Tuesday with about N$3,729,020 worth of shares belonging to Anglo-American plc and N$42,327 worth of shares belonging to Mobile Telecommunications Limited on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 0.1% in the company's stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting an increase in share price at closing by 3.0%
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.3036.300.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.8514.850.00%
First Rand NamibiaFNB47.5147.510.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.097.090.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%
Table 2: Primary listed Trades

­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM537.70537.14-0.10%
B2Gold CorporationB2G66.8966.26-0.94%
Oceana Group LimitedOCG69.0668.05-1.46%
TruworthsTRW55.0055.300.55%
Nedbank Group LimitedNBK223.96224.330.17%
Standard Bank GroupSNB172.74173.500.44%
Shoprite Holdings SRH224.64224.51-0.06%
Firstrand LimitedFST66.8767.080.31%
Momentum Metropolitan HoldingsMMT17.5417.550.06%
Old Mutual LtdOMM11.8111.80-0.08%
Sanlam LimitedSLA57.6057.50-0.17%
Santam LimitedSNM286.73286.880.05%
Vukile Property Fund LimitedVKN13.1013.06-0.31%
Investec LimitedIVD102.05101.67-0.37%
PSG Konsult LimitedKFS12.8212.55-2.11%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD334.09330.10-1.19%
New Gold Palladium ETFNGNPLD237.07231.59-2.31%
New Gold Platinum ETF NNGNPLT166.65163.69-1.78%
Satrix S&P Namibia Bond ETF)SXNNAM19.1319.240.58%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.56
EUR/NAD20.32
GBP/NAD23.63
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.66
USD/JPY143.89
Commodities @ 07:00 
Gold1,923.95
Silver22.91
Platinum925.90
Palladium1,281.28
WTI68.12
Brent72.97
Table 5: Exchange Rates and Commodities 

Local News

The Affirmative Repositioning (AR) movement says the government should not be made to pay for a 24% stake in Hyphen Hydrogen Energy, which has been tasked to develop the Southern Corridor Development Initiative. (Sun Newspaper)

Namibia Chamber of Commerce and Industry president Bisey /Uirab yesterday said there is a trend emerging of developed countries that favor and actively promote protectionism and regionalism. (New Era Newspaper)

Namibia Breweries Limited (NBL), which was recently taken over by Heineken International BV, will be letting go of 31 fixed-term employees on Friday. (The Namibian Newspaper)

Sub-Sahara News

Naspers stable gains R260bn in a single day as investors welcome simpler structure. (News24)

Germany and South Africa on Tuesday agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa’s huge renewable resource potential to meet 2050 net-zero targets. (CNBC Africa)

There may be survivors trapped underground in an unused mining shaft in Welkom, in the Free State, where at least 31 illegal miners - believed to be Basotho nationals - were killed during a methane explosion in May 2023 (AllAfrica News)

International News

The U.S. Supreme Court on Tuesday rebuffed a legal theory favored by many conservatives that could hand sweeping power to state legislatures to establish rules for presidential and congressional elections and draft electoral maps giving huge advantages to the party already in control. (Reuters News)

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as some traders continued to cash in on recent strength in the markets by booking profits. (RTT News)

Clashes have broken out between demonstrators and police following public outrage over the shooting death of a 17-year-old in the Paris suburb of Nanterre after the youth allegedly failed to comply with a police order to stop his car. (Aljazeera News)

NSX DAILY UPDATE (10 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 734,159.00 40,603,485.20100.00%
ETFs -   -  0.00%
Total 734,159.00 40,603,485.20100.00%

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$35.99
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS36.0035.99-0.03%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.7113.710.00%
First Rand NamibiaFNB38.0338.030.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.067.080.28%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM570.55582.112.03%
B2Gold CorporationB2G75.3277.973.52%
Oceana Group LimitedOCG69.1067.60-2.17%
Mediclinic International PlcMEP116.38118.001.39%
TruworthsTRW51.0349.44-3.12%
Nedbank Group LimitedNBK212.31210.00-1.09%
Standard Bank GroupSNB165.15163.70-0.88%
Shoprite HoldingsSRH207.45205.76-0.81%
FirstRand LimitedFST63.6762.50-1.84%
Momentum Metropolitan HoldingsMMT18.2917.77-2.84%
Old Mutual LtdOMM11.5511.28-2.34%
Sanlam LimitedSLA54.4753.00-2.70%
Santam LimitedSNM266.60266.900.11%
Vukile Property Fund LimitedVKN12.1012.00-0.83%
Investec LimitedIVD103.33103.490.15%
PSG Konsult LimitedKFS12.4012.400.00%

Table 3: Dual Listed Trades


Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD350.45356.811.81%
New Gold Palladium ETFNGNPLD281.80294.764.60%
New Gold Platinum ETF NNGNPLT194.73200.793.11%
New Funds S&P NAM BondNFNAMA18.4218.32-0.54%

Table 4: ETFs


Exchange Rates @ 07:00 
USD/NAD18.86
EUR/NAD20.71
GBP/NAD23.81
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.26
AUD/USD0.67
USD/JPY134.17
Commodities @ 07:00 
Gold2,038.65
Silver25.56
Platinum1,127.50
Palladium1,602.03
WTI73.08
Brent76.95

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 DAILY UPDATE (08 MAY 2023)

NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 52,581.00 4,116,879.3499.12%
ETFs 2,000.00 36,560.000.88%
Total 54,581.00 4,153,439.34100.00%

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
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS35.9936.000.03%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.7013.700.00%
First Rand NamibiaFNB38.0338.030.00%
Standard Bank NamibiaSNO7.987.990.13%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.753.750.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
Mobile Telecommunication CompanyMOC7.067.060.00%
Alpha Namibia Industries Renewable Power LimitedANE8.998.990.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM568.66579.001.82%
B2Gold CorporationB2G76.0075.75-0.33%
Oceana Group LimitedOCG65.5367.763.40%
Mediclinic International PlcMEP116.59115.00-1.36%
TruworthsTRW49.7151.603.80%
Nedbank Group LimitedNBK209.17210.120.45%
Standard Bank GroupSNB164.00163.74-0.16%
Shoprite HoldingsSRH213.32210.12-1.50%
FirstRand LimitedFST63.3463.480.22%
Momentum Metropolitan HoldingsMMT18.2318.280.27%
Old Mutual LtdOMM11.5211.630.95%
Sanlam LimitedSLA55.0855.230.27%
Santam LimitedSNM274.21270.00-1.54%
Vukile Property Fund LimitedVKN12.4012.29-0.89%
Investec LimitedIVD102.78103.270.48%
PSG Konsult LimitedKFS13.0213.00-0.15%

Table 3: Dual Listed Trades


Name ETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD350.50345.17-1.52%
New Gold Palladium ETFNGNPLD253.38280.0810.54%
New Gold Platinum ETF NNGNPLT184.10191.153.83%
New Funds S&P NAM BondNFNAMA18.4218.420.00%

Table 4: ETFs


Exchange Rates @ 07:00 
USD/NAD18.34
EUR/NAD20.16
GBP/NAD23.14
EUR/GBP0.87
EUR/USD1.14
GBP/USD1.26
AUD/USD0.67
USD/JPY134.92
Commodities @ 07:00 
Gold2,033.55
Silver25.84
Platinum1,083.75
Palladium1,551.53
WTI72.69
Brent76.51

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)


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