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)

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