NSX DAILY UPDATE (11 JANUARY 2023)




NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 143,673.00 10,212,746.95100.00%
ETFs –   –  0.00%
Total 143,673.00 10,212,746.95100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 10,212,746.95 worth of shares was traded on the NSX on Wednesday with about N$ 1,868,748 worth of shares belonging to Anglo-American plc and N$ 56,029 from Capricorn Group on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American plc performance on the overall bourse increased as investors demands gold as a safe haven to hedge against a trifling microeconomic environment
  • Capricorn Group shares were traded by market participants, with no change in share price at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS46.0046.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0313.030.00%
First Rand NamibiaFNB33.0033.000.00%
Standard Bank NamibiaSNO4.424.420.00%
Oryx LimitedORY11.5011.500.00%
Letshego  LHN3.503.500.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.2013.200.00%
Mobile Telecommunication CompanyMOC7.047.040.00%
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 plcANM720.00732.051.67%
B2Gold CorporationB2G65.0467.003.01%
Oceana Group LimitedOCG67.5766.96-0.90%
Mediclinic International PlcMEP103.04102.30-0.72%
TruworthsTRW60.5361.651.85%
Nedbank Group LimitedNBK213.65211.89-0.82%
Standard Bank GroupSNB169.78168.41-0.81%
Shoprite HoldingsSRH238.80237.97-0.35%
FirstRand LimitedFST63.0262.89-0.21%
Momentum Metropolitan HoldingsMMT18.3418.03-1.69%
Old Mutual LtdOMM11.2811.18-0.89%
Sanlam LimitedSLA52.3452.550.40%
Santam LimitedSNM259.03260.350.51%
Vukile Property Fund LimitedVKN13.2113.512.27%
Investec LimitedIVD109.72108.65-0.98%
PSG Konsult LimitedKFS12.2612.16-0.82%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD298.41296.24-0.73%
New Gold Palladium ETFNGNPLD295.49289.16-2.14%
New Gold Platinum ETF NNGNPLT177.38178.980.90%
New Funds S&P NAM BondNFNAMA18.1518.200.28%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD16.91
EUR/NAD18.21
GBP/NAD20.57
EUR/GBP0.88
EUR/USD1.07
GBP/USD1.21
AUD/USD0.69
USD/JPY131.55
Commodities @ 08:00 
Gold1,887.00
Silver23.75
Platinum1,081.25
Palladium1,782.28
WTI77.42
Brent82.70

Table 5: Exchange Rates and Commodities 


Local News

The Market Share Promotion (MSP)_ Scheme will maintain at the current 47% threshold, enabling local traders to keep their market share (Sun Newspaper)

During the third quarter of 2022, foreign direct investment into Namibia recorded a higher inflow, mainly due to equity injections for exploration activities as well as the uptake of intercompany loans. (New Era Newspaper)

Namibia has been asked to send representatives to International Forex Expo and Women in Africa in the Forex Industry meeting to be held in Nigeria on Saturday (The Namibian)

Sub-Sahara News

In 2021, South African business leaders were worried about the economy. Over the two years to come, they told a global survey, their top concerns were prolonged economic stagnation and crises in employment and livelihoods. (News24)

South African power cuts worsened on Wednesday as struggling state utility Eskom said it would extend its worst-ever outages until further notice. (CNBC Africa)

Eskom has announced Stage 6 load shedding across the country. This usually means that electricity could be cut up to four times in 24 hours. The power utility said on Twitter that nightly blackouts will continue until further notice and that Stage 4 cuts would continue between 5 am and 4 pm daily. (All Africa News)

International News

People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their hometowns for holidays that the World Health Organization warns could inflame a raging outbreak. (Reuters)

European stocks declined on Thursday, snapping a three-day winning streak as the Federal Reserve’s Dec. (RTT News)

Predicting a difficult year ahead for Pakistan, the World Bank has revised the country’s growth projections from 4 percent in June last year to 2 percent for the current fiscal year, citing “precarious economic situation, low foreign exchange reserves, and large fiscal and current account deficits” among the primary reasons. (Aljazeera News)

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