NSX DAILY UPDATE (12 SEPTEMBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 183,154.00 3,343,406.0245.59%
ETFs 200,000.00 3,990,000.0054.41%
Total 383,154.00 7,333,406.02100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,343,406.02 worth of shares was traded on the NSX on Tuesday with about N$1,280,090 worth of shares belonging to Old Mutual Ltd and N$ 37,500 worth of shares belonging to Mobile Telecommunications Limited. ETFs worth N$ 3,990,000.00 were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold off shares belonging to Old Mutual Ltd resulting in the company’s stock value declining by 0.1% at the closing.
  • Mobile Telecommunications Limited shares were traded by market participants, resulting in an increase of 5.0% in share price at closing.
  • Satrix S&P Namibia Bond ETF positions were bought resulting in an increase in its price by 0.1%
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.6036.600.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.8115.80-0.06%
First Rand NamibiaFNB48.5048.500.00%
Standard Bank NamibiaSNO7.507.510.13%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.883.880.00%
Namibia Asset ManagementNAME0.690.690.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7412.740.00%
Mobile Telecommunication CompanyMOC7.147.505.04%
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 plcANM493.50494.400.18%
B2Gold CorporationB2G57.5158.782.21%
Oceana Group LimitedOCG71.1771.200.04%
TruworthsTRW75.1574.50-0.86%
Nedbank Group LimitedNBK211.16209.94-0.58%
Standard Bank GroupSNB192.97192.970.00%
Shoprite Holdings SRH254.42252.20-0.87%
Firstrand LimitedFST71.8571.850.00%
Momentum Metropolitan HoldingsMMT20.1020.100.00%
Old Mutual LtdOMM12.7712.76-0.08%
Sanlam LimitedSLA68.1968.12-0.10%
Santam LimitedSNM307.48307.480.00%
Vukile Property Fund LimitedVKN13.3913.390.00%
Investec LimitedIVD111.49109.92-1.41%
PSG Konsult LimitedKFS13.8813.72-1.15%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD337.70337.59-0.03%
New Gold Palladium ETFNGNPLD220.05225.342.40%
New Gold Platinum ETF NNGNPLT163.64166.301.63%
Satrix S&P Namibia Bond ETF)SXNNAM19.6519.660.05%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.95
EUR/NAD20.25
GBP/NAD23.60
EUR/GBP0.86
EUR/USD1.07
GBP/USD1.24
AUD/USD0.64
USD/JPY147.26
Commodities @ 07:00 
Gold1,930.90
Silver23.08
Platinum905.90
Palladium1,230.03
WTI89.00
Brent92.17

Table 5: Exchange Rates and Commodities 

Local News

Affirming its support of the One Foundation Economy #BeFree Project, the Capricorn Foundation recently committed N$517 000 towards the #BeFree Youth Campus training facility in Katutura (Sun Newspaper)

Mines and Energy Minister Tom Alweendo has told parliamentarians that Namibians must be cognizant of the risks when trying to increase the government’s share in the oil and gas industry. (New Era Newspaper)

First National Bank Namibia says a total of N$600 000 has been lost through 788 transactions made via the bank’s eWallet facility since August last year. (The Namibian Newspaper)

Sub-Sahara News

Minister of Public Enterprises Pravin Gordhan says that new valuations are being done to determine the purchase price of SAA. (News24)

OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are faring better than expected despite headwinds such as high interest rates and elevated inflation. (CNBC Africa)

At least 2,300 people have died in an eastern Libyan city alone after a powerful storm caused devastating floods in the area over the weekend, emergency services said on Tuesday (AllAfrica News)

International News

Russian President Vladimir Putin said he and North Korean leader Kim Jong Un would discuss Pyongyang’s satellite program, among other issues, as they met on Wednesday at a cosmodrome in Russia’s Far East. (Reuters News)

Asian markets finished trading on a mixed note on Wednesday amidst concerns about growth in China as well as the broader world economy. A rise in crude oil prices also weighed on sentiment. (RTT News)

Taiwan goes to the polls in January to choose a new president, with the candidate for the ruling Democratic Progressive Party (DPP) currently leading the race. (Aljazeera News)

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