NSX DAILY UPDATE (14 MARCH 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 952,972.00 22,960,744.10100.00%
ETFs –   –  0.00%
Total 952,972.00 22,960,744.10100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 22,960,744.10 worth of shares was traded on the NSX on Tuesday with about N$ 2,529,375 worth of shares belonging to Anglo-American plc and N$ 34,877 worth of Letshego Holdings (Namibia) Ltd home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

  • After a market sell-off, the share price of Anglo-American has been decreasing, and the company’s stock price has dropped by 1.0%
  • Letshego Holdings shares were traded on the domestic exchange, but there was no movement in the company’s stock price.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS46.0246.020.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8113.810.00%
First Rand NamibiaFNB34.0634.060.00%
Standard Bank NamibiaSNO5.205.200.00%
Oryx LimitedORY11.4911.490.00%
Letshego  LHN3.603.600.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.8412.840.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM611.26605.22-0.99%
B2Gold CorporationB2G60.8363.714.73%
Oceana Group LimitedOCG67.8768.340.69%
Mediclinic International PlcMEP109.33109.25-0.07%
TruworthsTRW55.5454.96-1.04%
Nedbank Group LimitedNBK220.94219.17-0.80%
Standard Bank GroupSNB170.48169.99-0.29%
Shoprite HoldingsSRH214.93217.071.00%
FirstRand LimitedFST65.1664.31-1.30%
Momentum Metropolitan HoldingsMMT17.9817.86-0.67%
Old Mutual LtdOMM11.6811.871.63%
Sanlam LimitedSLA57.0656.86-0.35%
Santam LimitedSNM297.28288.00-3.12%
Vukile Property Fund LimitedVKN13.5413.52-0.15%
Investec LimitedIVD103.43101.98-1.40%
PSG Konsult LimitedKFS12.1212.05-0.58%

Table 3: Dual Listed Trades


Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD324.66321.37-1.01%
New Gold Palladium ETFNGNPLD258.36264.412.34%
New Gold Platinum ETF NNGNPLT175.33172.17-1.80%
New Funds S&P NAM BondNFNAMA18.2318.230.00%

Table 4: ETFs


Exchange Rates @ 07:00 
USD/NAD18.13
EUR/NAD19.48
GBP/NAD22.05
EUR/GBP0.88
EUR/USD1.07
GBP/USD1.21
AUD/USD0.66
USD/JPY134.57
Commodities @ 07:00 
Gold1,905.95
Silver21.83
Platinum991.45
Palladium1,498.03
WTI72.40
Brent78.52

Table 5: Exchange Rates and Commodities 


Local News

Axed fishermen employed on ArcticNam Fishing’s Heinaste marine vessel are now gunning for the liquidation of the company after it failed to honour a N$1.82 million settlement by the Walvis Bay Labour Court. (Sun Newspaper)

Fisheries minister Derek Klazen says there are no new jobs in the fishing industry unless new factories are built or new vessels are bought by industry players. Klazen was speaking at the official opening of the Merlus Group’s new factory, known as Merlus Cormorant Fishing, at Walvis Bay on Friday. (New Era Newspaper)

The budgets allocated to the two state-funded media houses New Era Publication Corporation (NEPC) and the Namibia Press Agency (Nampa) have more than doubled this year. (The Namibian Newspaper)

Sub-Sahara News

Oudtshoorn in the Western Cape tops the list of 15 least polluted regional cities in Africa, a new report shows. However, Thabazimbi, in Limpopo, is among the top 15 regional cities in the continent which are most polluted. (News24)

Tropical Storm Freddy, one of the most powerful storms ever to hit the southern hemisphere, has killed 190 people in Malawi after ripping through southern Africa for the second time in a month, Malawi’s disaster management agency said on Tuesday. (CNBC Africa)

Newly appointed Minister of Public Service and Administration Minister Noxolo Kiviet allegedly received an honours and a master’s degree from Fort Hare University without having a bachelor’s degree, (All Africa News)

International News

Facebook-parent Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. (Reuters)

Asian stocks tumbled on Wednesday as hawkish comments from Fed Chair Jerome Powell on the first day of his semiannual two-day testimony before Congress stoked concerns about interest rates being hiked by 50 basis points at the March FOMC meeting (RTT News)

Tensions have flared in Pakistan’s eastern city of Lahore after police arrived outside the home of former Prime Minister Imran Khan to arrest him for failing to appear in court on Monday over corruption charges.. (Aljazeera News)

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