NSX DAILY UPDATE (11 SEPTEMBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 1,507,353.00 14,934,807.7098.45%
ETFs 1,433.00 235,012.001.55%
Total 1,508,786.00 15,169,819.70100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 14,934,807.70 worth of shares was traded on the NSX on Monday with about N$3,524,609 worth of shares belonging to Anglo-American plc and N$ 36,600 worth of shares belonging to Namibia Breweries. ETFs worth N$ 235,012.00 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Market participants subscribed to shares belonging to Anglo-American plc resulting in the company’s stock value to soar by 2.1% at the closing.
  • Namibia Breweries shares were traded by market participants, resulting in a decline of 0.1% in share price at closing.
  • New Gold Platinum ETF N positions were liquidated resulting in a decline in its price
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.6536.60-0.14%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.8115.810.00%
First Rand NamibiaFNB48.5048.500.00%
Standard Bank NamibiaSNO7.507.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.88-1.77%
Namibia Asset ManagementNAME0.700.69-1.43%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7412.740.00%
Mobile Telecommunication CompanyMOC7.137.140.14%
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 plcANM483.39493.502.09%
B2Gold CorporationB2G57.5757.51-0.10%
Oceana Group LimitedOCG71.0171.170.23%
TruworthsTRW74.8575.150.40%
Nedbank Group LimitedNBK211.01211.160.07%
Standard Bank GroupSNB192.30192.970.35%
Shoprite Holdings SRH253.84254.420.23%
Firstrand LimitedFST71.9071.85-0.07%
Momentum Metropolitan HoldingsMMT20.4720.10-1.81%
Old Mutual LtdOMM12.6912.770.63%
Sanlam LimitedSLA68.7568.19-0.81%
Santam LimitedSNM311.00307.48-1.13%
Vukile Property Fund LimitedVKN13.1313.391.98%
Investec LimitedIVD110.36111.491.02%
PSG Konsult LimitedKFS13.5013.882.81%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD342.08337.70-1.28%
New Gold Palladium ETFNGNPLD222.38220.05-1.05%
New Gold Platinum ETF NNGNPLT164.87163.64-0.75%
Satrix S&P Namibia Bond ETF)SXNNAM19.7119.65-0.30%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.91
EUR/NAD20.28
GBP/NAD23.63
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.24
AUD/USD0.64
USD/JPY146.86
Commodities @ 07:00 
Gold1,942.75
Silver23.28
Platinum901.55
Palladium1,216.53
WTI87.49
Brent90.75
Table 5: Exchange Rates and Commodities 

Local News

Various types of drugs valued at more than N$3.5 million were seized last month, while police arrested 135 suspects in connection with drug-related crimes (Sun Newspaper)

The Construction Industries Federation (CIF) and the Metal and Allied Namibian Workers Union (MANWU) continue to engage the government to cancel projects that have led to the exclusion or will exclude the majority of Namibian-owned contractors, due to mostly steep financial pre-qualification or qualification requirements. (New Era Newspaper)

Central banks can play an important role in helping governments respond to the socio-economic challenges posed by the increased threat of climate change but they need the government to create enabling policies. (The Namibian Newspaper)

Sub-Sahara News

The majority owner of WeBuyCars has seen its shares crash almost 80% so far in 2023, and a downturn in the taxi market has led to an “aggressive” restructuring of SA Taxi. (News24)

The Group of 20 major economies reached a hard-fought compromise over the war in Ukraine and papered over other key differences in a summit declaration at the weekend, presenting few concrete achievements in its core remit of responses to global financial issues. (CNBC Africa)

Ethiopia announced yesterday that it has successfully completed the fourth and final filling of the Grand Ethiopian Renaissance Dam (GERD), located on the Nile River. This news comes two weeks after negotiations between Ethiopia, Egypt, and Sudan concluded, which did not yield significant progress. However, the three countries have agreed to resume negotiations in September in Addis Abeba (AllAfrica News)

International News

North Korean leader Kim Jong Un has arrived in Russia, a source told Reuters on Tuesday, for what the Kremlin said would be a comprehensive discussion with President Vladimir Putin amid warnings from Washington they should not agree on an arms deal. (Reuters News)

Asian stocks fell on Tuesday as weak Chinese services data revived concerns about growth and spurred risk aversion. China’s service sector grew at the slowest pace in eight months in August largely due to weaker new business. (RTT News)

The Ukrainian military said it has recaptured several strategic gas and oil drilling platforms from Russia in the Black Sea close to Crimea, which Moscow’s forces had occupied since 2015. (Aljazeera News)

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