NSX DAILY UPDATE (11 MARCH 2022)




NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  149,125  7,781,393 94.86%
ETFs  1,517  421,301 5.14%
Total  150,642  8,202,694  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 7,781,393 worth of shares was traded on the NSX on Friday, with about N$ 168,674 worth of Anglo-American, N$ 1,413,866 worth of Investec Limited and N$  98,000 of Capricorn Group Limited on the home front. ETFs worth N$ 421,301 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price increased at closing as company buyback program was resumed
  • Shares belonging to Investec Limited were dumped by market participants on Friday
  • On the NSX local listing, Capricorn Group Limited  shares were allotted by market participants, resulting in an increase in share price at closing
  • ETF New Gold Issuer Ltd NM was traded in large volumes without any change in asking price
Name NSX Local Ticker Price Previous Close ‘N$ Price End of Day ‘N$ Daily Change %
Namibian Breweries NBS 46.98 46.98 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.20 14.00 6.06%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 5.38 5.38 0.00%
Oryx Limited ORY 10.00 10.00 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.08 7.90 -2.23%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


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Name South African Dual Listed Ticker Price Previous Close ‘N$ Price End of Day ‘N$ Daily Change %
Anglo-American plc ANM 755.00 766.15 1.48%
B2Gold Corporation B2G 68.45 68.92 0.69%
Oceana Group Limited OCG 55.64 55.64 0.00%
Mediclinic International Plc MEP 66.97 66.92 -0.07%
Truworths TRW 55.35 55.35 0.00%
Nedbank Group Limited NBK 216.64 222.19 2.56%
Standard Bank Group SNB 159.28 160.33 0.66%
Shoprite Holdings SRH 234.50 234.23 -0.12%
FirstRand Limited FST 67.49 70.18 3.99%
Momentum Metropolitan Holdings MMT 17.43 17.48 0.29%
Old Mutual Ltd OMM 12.65 13.12 3.72%
Sanlam Limited SLA 62.92 65.91 4.75%
Santam Limited SNM 293.00 292.00 -0.34%
Vukile Property Fund Limited VKN 12.48 12.27 -1.68%
Investec Limited IVD 86.61 88.55 2.24%
PSG Konsult Limited KFS 11.90 12.11 1.76%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close ‘N$ Price End of Day ‘N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 282.67 282.67 0.00%
New Gold Palladium ETF NGNPLD 436.08 436.08 0.00%
New Gold Platinum ETF N NGNPLT 157.17 157.17 0.00%
New Funds S&P NAM Bond NFNAMA 16.08 16.08 0.00%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.08
EUR/ZAR 16.46
GBP/ZAR 19.63
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.36
AUD/USD 0.73
USD/JPY 117.80
Commodities  
Gold 1,977.70
Silver 25.89
Platinum 1,071.90
Palladium 2,693.27
WTI 106.46
Brent 109.91

Table 5: Exchange Rates and Commodities 


Local News

The government has indicated that it intends to impose a withholding tax on dividends earned by residents from local investments, the so-called residents’ dividend withholding tax. (Namibian Sun)

The National Oil Storage Facility at Walvis Bay, which has been marred by controversy due to an exorbitant escalation of funding requirements, is crucial for the security of petroleum products supply for Namibia. (New Era Newspaper)

Ongwediva MediPark hospital managing director Tshali Iithele has been axed from his position, the chairperson of the hospital’s board of directors, Riël du Toit, said this week. (The Namibian)

Sub-Sahara News

The impact of the Russian invasion of Ukraine on the vegetable oil market in SA will be visible within the next few months. (News24)

South Africa’s Standard Bank SBKJ.J is trying to convince the Industrial and Commercial Bank of China (ICBC) 601398.SS to buy its 40% stake in their London-based joint venture, CEO Sim Tshabalala said on Friday. (CNBC Africa)

As the federal government continue its borrowing spree and debt servicing constituting a major threat to Nigeria’s economy, it has emerged that the Central Bank of Nigeria (CBN) spent $13.1billion in 11 years to settle Nigeria’s foreign debt obligations. (All Africa News)

International News

Russia has said it is banking on China’s help to withstand the crippling economic sanctions placed by Western nations over the war in Ukraine as the United States warned Beijing not to provide that lifeline. (Aljazeera News)

Asian stocks plunged on Monday as Brent crude hit an intraday high of $139 a barrel, the highest since 2008 (RTT News)

Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and the UK this week. (Reuters)

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