NSX DAILY UPDATE (27 FEBRUARY 2023)




NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 441,920.00 63,260,732.32100.00%
ETFs –   –  0.00%
Total 441,920.00 63,260,732.32100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 63,260,732.32 worth of shares was traded on the NSX on Monday with about N$9,127,200 worth of shares belonging to Truworths and N$ 124,875 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

  • Truworth’s share performance on the overall bourse declined as market participants liquidates their positions over concerns regarding costs, sales, and who would be the next CEO.
  • SBN Holdings shares were traded  on the local bourse resulting in share price soaring by 1.2%
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS46.0146.010.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.7913.790.00%
First Rand NamibiaFNB33.5333.530.00%
Standard Bank NamibiaSNO5.195.251.16%
Oryx LimitedORY11.3811.380.00%
Letshego  LHN3.523.520.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.8512.850.00%
Mobile Telecommunication CompanyMOC7.097.090.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Anglo-American plcANM629.90634.850.79%
B2Gold CorporationB2G59.1961.113.24%
Oceana Group LimitedOCG68.9668.40-0.81%
Mediclinic International PlcMEP109.50109.580.07%
TruworthsTRW61.2360.46-1.26%
Nedbank Group LimitedNBK230.08230.790.31%
Standard Bank GroupSNB181.07182.000.51%
Shoprite HoldingsSRH225.63224.74-0.39%
FirstRand LimitedFST65.1165.230.18%
Momentum Metropolitan HoldingsMMT19.4319.38-0.26%
Old Mutual LtdOMM11.7511.810.51%
Sanlam LimitedSLA58.0458.350.53%
Santam LimitedSNM285.13288.111.05%
Vukile Property Fund LimitedVKN13.1013.170.53%
Investec LimitedIVD113.54115.862.04%
PSG Konsult LimitedKFS12.6112.39-1.74%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD310.83311.440.20%
New Gold Palladium ETFNGNPLD246.84256.964.10%
New Gold Platinum ETF NNGNPLT162.81166.572.31%
New Funds S&P NAM BondNFNAMA18.1818.180.00%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.43
EUR/NAD19.52
GBP/NAD22.21
EUR/GBP0.87
EUR/USD1.05
GBP/USD1.20
AUD/USD0.67
USD/JPY136.28
Commodities @ 08:00 
Gold1,820.90
Silver20.66
Platinum941.25
Palladium1,416.78
WTI75.95
Brent82.25

Table 5: Exchange Rates and Commodities 


Local News

Beef exports from Namibia’s northern communal areas (NCAs) do not carry foot-and-mouth disease (FMD) and pose no risk of introducing the disease in market countries, in particular, the Ghanaian market (Sun Newspaper)

Preliminary outturns in many respects point to improving fiscal fundamentals aligned to positive domestic economic growth prospects and buoyancy arising from tax administration reforms, Finance and Public Enterprises Minister Iipumbu Shiimi has said. (New Era Newspaper)

The Southern African Customs Union has appointed Thabo David Khasipe as its new executive secretary as of 1 February 2023. (The Namibian Newspaper)

Sub-Sahara News

Public Enterprises Minister Pravin Gordhan confirmed that former Eskom CEO Andre de Ruyter spoke to him about corruption at the power utility, but never presented any evidence. (News24)

Outsider Peter Obi defeated his ruling party challenger to win Nigeria’s commercial hub of Lagos on Monday, in an upset two days after a presidential election marred by delays and complaints of irregularities. (CNBC Africa)

President Emmanuel Macron announced on Monday a “noticeable reduction” of France’s troop presence in Africa following a withdrawal from Mali and Burkina Faso after years fighting jihadists there.

“The change will happen in the coming months with a noticeable reduction of our numbers and a greater presence in these bases of our African partners,” Macron said ahead of a four-nation African tour. (All Africa News)

International News

The Biden administration announced measures to crack down on child labor on Monday amid a steep rise in violations and investigative reports by Reuters and other news outlets on illegal employment of migrant minors in dangerous U.S. industries. (Reuters)

European stocks may open on a cautious note Tuesday as investors weigh geopolitical tensions and the prospect of more U.S. interest rate hikes. (RTT News)

Israeli settlers have carried out at least 300 attacks, including shootings and arson, in a rampage through Palestinian villages in the Nablus area of the occupied West Bank, Palestinian officials say, in what has been described as a “pogrom”. (Aljazeera News)

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