NSX DAILY UPDATE (03 OCTOBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 345,358.00 26,707,416.27100.00%
ETFs –   –  0.00%
Total 345,358.00 26,707,416.27100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 26,707,416.27 worth of shares was traded on the NSX on Tuesday with about N$ 277,968 worth of shares belonging to Anglo-American plc` and N$ 14,632 worth of shares belonging to Namibia Breweries. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold shares belonging to Anglo-American decreasing the company’s stock value by 2.4% at the closing.
  • Namibia Breweries shares were traded by market participants, resulting in no change in share price at closing
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.5936.590.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP16.4216.420.00%
First Rand NamibiaFNB49.0049.000.00%
Standard Bank NamibiaSNO7.567.560.00%
Oryx LimitedORY12.5012.500.00%
Letshego  LHN3.883.880.00%
Namibia Asset ManagementNAME0.690.690.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7412.740.00%
Mobile Telecommunication CompanyMOC7.157.150.00%
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 plcANM516.82504.60-2.36%
B2Gold CorporationB2G54.2653.71-1.01%
Oceana Group LimitedOCG75.6075.640.05%
TruworthsTRW75.8474.43-1.86%
Nedbank Group LimitedNBK197.66197.670.01%
Standard Bank GroupSNB180.82182.641.01%
Shoprite Holdings SRH237.02238.280.53%
Firstrand LimitedFST62.7163.361.04%
Momentum Metropolitan HoldingsMMT19.6719.53-0.71%
Old Mutual LtdOMM11.9212.131.76%
Sanlam LimitedSLA64.4964.29-0.31%
Santam LimitedSNM296.72296.00-0.24%
Vukile Property Fund LimitedVKN13.1913.08-0.83%
Investec LimitedIVD104.37105.300.89%
PSG Konsult LimitedKFS12.8513.051.56%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD325.82327.980.66%
New Gold Palladium ETFNGNPLD222.00219.56-1.10%
New Gold Platinum ETF NNGNPLT163.82162.43-0.85%
Satrix S&P Namibia Bond ETF)SXNNAM19.7619.66-0.51%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.32
EUR/NAD20.23
GBP/NAD23.34
EUR/GBP0.86
EUR/USD1.04
GBP/USD1.20
AUD/USD0.63
USD/JPY149.19
Commodities @ 07:00 
Gold1,838.05
Silver21.37
Platinum870.10
Palladium1,170.53
WTI89.05
Brent89.05

Table 5: Exchange Rates and Commodities 

Local News

Windhoek mayor Joseph Uapingene is adamant that Redforce Debt Management, the municipality’s current debt collector, is the most viable option to collect monies owed by ratepayer (Sun Newspaper)

Green Enterprise Solutions, a leading provider of Information and Communication Technology (ICT) services in Namibia and beyond, has announced its participation as a Diamond Sponsor at this year’s highly anticipated ICT Summit. The summit is scheduled to take place from 09 to 11 October 2023 and will be held at Mercure Hotel (previously Safari Court) in Windhoek. (New Era Newspaper)

The International Monetary Fund (IMF) has raised concerns about excessive bureaucracy in Namibia, which it says is discouraging potential investors. (The Namibian Newspaper)

Sub-Sahara News

The industry has seen profits plummet amid a commodity price downturn, higher input costs and issues such as Transnet’s dysfunction. (News24)

Countries going through a sovereign default need a debt rework mechanism that grants timely relief, even if that means finding a solution outside the G20’s programme, an executive at Lazard’s sovereign advisory team said. (CNBC Africa)

Mozambique today announced a negotiated deal with the major Swiss Bank UBS. It took over Credit Suisse after CS collapsed under a series of corruption scandals including the Mozambique secret debt. This ends only part of the case about the secret debt in the commercial count in London.. (AllAfrica News)

International News

Canadian Prime Minister Justin Trudeau’s allegation last month that Indian government agents were involved in the killing of a Sikh separatist leader has thrust the secretive Research and Analysis Wing into the global spotlight. (Reuters News)

European stocks are seen opening on a cautious note Wednesday as fresh signs of economic strength stoked concerns that U.S. monetary policy will remain restrictive for longer. (RTT News)

The United States House of Representatives has voted to remove Republican House Speaker Kevin McCarthy, the result of infighting within his own party and persistent challenges from its rightward flank (Aljazeera News)

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