NSX DAILY UPDATE (20 OCTOBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 232,364.00 15,909,624.6198.65%
ETFs 4,022.00 216,986.901.35%
Total 236,386.00 16,126,611.51100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 15,909,624.61 worth of shares was traded on the NSX on Friday with about N$ 5,410,680 worth of shares belonging to Oceana Group Limited and N$ 3,658,100 worth of shares belonging to FirstRand Namibia Ltd. ETFs worth N$ 216,986.90 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold shares belonging to Oceana Group resulting in a decline in the company’s stock value by 0.9% at closing.
  • FirstRand Namibia shares were traded by market participants, resulting in no change in share price at closing
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.4836.480.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP16.5016.500.00%
First Rand NamibiaFNB50.0050.000.00%
Standard Bank NamibiaSNO7.577.570.00%
Oryx LimitedORY12.4712.470.00%
Letshego  LHN3.893.890.00%
Namibia Asset ManagementNAME0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7212.720.00%
Mobile Telecommunication CompanyMOC7.187.180.00%
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 plcANM497.35475.92-4.31%
B2Gold CorporationB2G63.7464.441.10%
Oceana Group LimitedOCG72.5771.94-0.87%
TruworthsTRW69.7269.15-0.82%
Nedbank Group LimitedNBK201.86199.20-1.32%
Standard Bank GroupSNB190.59185.06-2.90%
Shoprite Holdings SRH234.19233.42-0.33%
Firstrand LimitedFST60.5059.95-0.91%
Momentum Metropolitan HoldingsMMT20.7820.44-1.64%
Old Mutual LtdOMM12.0011.75-2.08%
Sanlam LimitedSLA65.7665.48-0.43%
Santam LimitedSNM270.93271.150.08%
Vukile Property Fund LimitedVKN12.7612.50-2.04%
Investec LimitedIVD106.61102.73-3.64%
PSG Konsult LimitedKFS13.9013.990.65%

Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD345.98350.421.28%
New Gold Palladium ETFNGNPLD205.74203.70-0.99%
New Gold Platinum ETF NNGNPLT163.63164.490.53%
Satrix S&P Namibia Bond ETF)SXNNAM19.6619.660.00%

Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.01
EUR/NAD20.11
GBP/NAD23.10
EUR/GBP0.87
EUR/USD1.05
GBP/USD1.21
AUD/USD0.63
USD/JPY149.93
Commodities @ 07:00 
Gold1,986.35
Silver23.41
Platinum898.90
Palladium1,102.53
WTI86.94
Brent91.18

Table 5: Exchange Rates and Commodities 

Local News

The City of Windhoek has approached the High Court in a bid to block Ongos Valley Development’s (OVD) plan to produce its own electricity. (Sun Newspaper)

Since its establishment, the Namibia Revenue Agency (NamRA) has been pumping billions of dollars into state coffers as it consistently surpasses its collection targets. This financial year, 2023/24, is no exception because as of 30 September, NamRA has already collected over N$37 billion. (New Era Newspaper)

Only two of the eight people charged in connection with a massive alleged customs scam involving Chinese-owned businesses in Namibia appeared in the Windhoek High Court for their latest pretrial hearing yesterday. (The Namibian Newspaper)

Sub-Sahara News

Standard Bank, which has a presence in 20 African countries, says the DRC is likely to emerge as one of its most important markets outside of SA thanks to the country’s massive endowment of minerals needed to drive the global energy transition. (News24)

Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible. (CNBC Africa)

Pharmaceutical manufacturer Adcock Ingram anticipates legal challenges to South Africa’s proposed National Health Insurance (NHI) that could potentially hinder its implementation. (AllAfrica News)

International News

Israel has amassed tanks and troops near Gaza, where authorities said 4,600 people have been killed, for a planned ground invasion aiming to annihilate Hamas, which killed 1,400 people in its rampage on southern Israel. (Reuters News)

Asian stocks fell in cautious trading on Monday amid fears that the Israel-Hamas war could spark a wider conflict in the oil-rich region. (RTT News)

United States Secretary of State Antony Blinken said Sunday that Washington is prepared to retaliate if US troops are targeted in the course of the Israel-Hamas war, as the possibility of the conflict spreading across the Middle East rises. (Aljazeera News)

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