NSX DAILY UPDATE (13 SEPTEMBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 73,883.00 3,287,763.9193.67%
ETFs 661.00 222,056.346.33%
Total 74,544.00 3,509,820.25100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,287,763.91 worth of shares was traded on the NSX on Wednesday with about N$ 111,110 worth of shares belonging to Truworths and N$280,988 worth of shares belonging to Oryx Properties Limited. ETFs worth N$ 222,056.34 were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold off shares belonging to Truworths resulting in the company’s stock value declining by 0.7% at the closing.
  • Oryx Properties shares were traded by market participants, resulting in an increase of 10.6% in share price at closing.
  • New Gold Issuer Ltd NM ETF positions were sold resulting in a decline in price by 1.0%
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.6036.600.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.8015.800.00%
First Rand NamibiaFNB48.5048.500.00%
Standard Bank NamibiaSNO7.517.510.00%
Oryx LimitedORY11.3012.5010.62%
Letshego  LHN3.883.880.00%
Namibia Asset ManagementNAME0.690.690.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7412.740.00%
Mobile Telecommunication CompanyMOC7.507.500.00%
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 plcANM494.40495.290.18%
B2Gold CorporationB2G58.7858.49-0.49%
Oceana Group LimitedOCG71.2071.670.66%
TruworthsTRW74.5074.00-0.67%
Nedbank Group LimitedNBK209.94207.22-1.30%
Standard Bank GroupSNB192.97183.63-4.84%
Shoprite Holdings SRH252.20253.000.32%
Firstrand LimitedFST71.8571.06-1.10%
Momentum Metropolitan HoldingsMMT20.1019.82-1.39%
Old Mutual LtdOMM12.7612.32-3.45%
Sanlam LimitedSLA68.1267.79-0.48%
Santam LimitedSNM307.48309.130.54%
Vukile Property Fund LimitedVKN13.3913.15-1.79%
Investec LimitedIVD109.92109.33-0.54%
PSG Konsult LimitedKFS13.7213.35-2.70%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD337.59334.17-1.01%
New Gold Palladium ETFNGNPLD225.34227.210.83%
New Gold Platinum ETF NNGNPLT166.30163.34-1.78%
Satrix S&P Namibia Bond ETF)SXNNAM19.6619.51-0.76%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.78
EUR/NAD20.17
GBP/NAD23.46
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.24
AUD/USD0.64
USD/JPY147.15
Commodities @ 07:00 
Gold1,928.55
Silver22.85
Platinum903.45
Palladium1,263.78
WTI89.07
Brent92.39

Table 5: Exchange Rates and Commodities 

Local News

Pursuant to a settlement agreement, the liquidators of Ramatex Textiles Namibia will sell eight of the enormous warehouses on-site in Windhoek and rehabilitate the land. (Sun Newspaper)

The Namibia Agronomic Board’s directors have announced the reappointment of Fidelis Mwazi as Chief Executive Officer (CEO) for five years, effective 01 August 2023. (New Era Newspaper)

Cargo that was being held at Menzies Aviation (Namibia) at Hosea Kutako International Airport has been released, Namibia Airports Company (NAC) spokesperson Dan Kamati announced on Wednesday. (The Namibian Newspaper)

Sub-Sahara News

Experts warned that coal-powered stations are unpredictable and that any further breakdowns could push the country into Stage 7. (News24)

Chinese stocks took a record hit as foreign investors yanked $15.5 billion out of emerging market portfolios in August, the largest monthly outflow in a year, as concerns over China’s growth permeated across equities in an otherwise strong year for EMs. (CNBC Africa)

The Competition Commission’s latest report reveals that South Africans are paying excessively high prices for certain food items, despite a significant decrease in overall inflation (AllAfrica News)

International News

SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company’s most valuable asset: chip designer Arm Holdings (Reuters News)

Asian stocks drifted lower on Thursday after China reported weak trade figures for August, adding to worries about slowing growth in the world’s second-largest economy. (RTT News)

Taiwan has clapped back at Elon Musk after the billionaire businessman waded into the delicate issue of the island’s relations with China. (Aljazeera News)

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