NSX DAILY UPDATE (31 AUGUST 2022)




NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 79,570.00 6,215,717.70100.00%
ETFs –   –  0.00%
Total 79,570.00 6,215,717.70 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 6,215,717.70 worth of shares was traded on the NSX on Wednesday, with about N$ 484,716 worth of Anglo-American plc and N$    11,934 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American shares were sold by market participants causing a decline in the share price at closing
  • Shares belonging SBN Holdings Ltd were traded causing an increase in share price at closing
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS40.0140.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP10.7210.720.00%
First Rand NamibiaFNB30.0230.020.00%
Standard Bank NamibiaSNO4.404.420.45%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.652.650.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.527.520.00%
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 plcANM551.80551.55-0.05%
B2Gold CorporationB2G53.8752.85-1.89%
Oceana Group LimitedOCG54.7354.900.31%
Mediclinic International PlcMEP98.0598.800.76%
TruworthsTRW56.4957.281.40%
Nedbank Group LimitedNBK215.89202.80-6.06%
Standard Bank GroupSNB157.80153.23-2.90%
Shoprite HoldingsSRH236.02232.72-1.40%
FirstRand LimitedFST65.8364.17-2.52%
Momentum Metropolitan HoldingsMMT16.9116.65-1.54%
Old Mutual LtdOMM10.5710.17-3.78%
Sanlam LimitedSLA54.8853.32-2.84%
Santam LimitedSNM247.87244.00-1.56%
Vukile Property Fund LimitedVKN13.5613.49-0.52%
Investec LimitedIVD81.1380.56-0.70%
PSG Konsult LimitedKFS11.3511.400.44%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD272.43273.470.38%
New Gold Palladium ETFNGNPLD342.49342.870.11%
New Gold Platinum ETF NNGNPLT138.76139.980.88%
New Funds S&P NAM BondNFNAMA17.2417.14-0.58%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.15
EUR/NAD17.18
GBP/NAD19.88
EUR/GBP0.85
EUR/USD0.99
GBP/USD1.15
AUD/USD0.68
USD/JPY139.33
Commodities @ 08:00 
Gold1,717.20
Silver17.64
Platinum828.30
Palladium2,095.02
WTI95.10
Brent95.11

Table 5: Exchange Rates and Commodities 


Local News

The more a country spends its national income on consumption, the less resources are available for investment and savings, and consequently for future production.  (Namibian Sun)

Old Mutual Short-Term Insurance Company (Namibia) Ltd (OMSIC) has agreed to pay a total sum of N$6 million as part of two settlement agreements, after the Namibian Competition Act N0.2 of 2003 in two separate investigations. (New Era Newspaper)

Australian- listed uranium development company Bannerman Mining Resources has submitted an application for a mining license to the Ministry of Mines and Energy for the proposed Etango-8 uranium mine. (The Namibian)

Sub-Sahara News

South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of load shedding, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy. (News24)

The La Nina weather pattern will last until at least the end of the year, becoming the first time this century, that it will have spanned three consecutive northern winters, the World Meteorological Organization predicted on Wednesday. (CNBC Africa)

The 2022 edition of the Sentech Africa Tech Week conference has begun, taking place in the Cape Town International Convention Centre from August, 31 to September, 1. Under the theme of ‘Bringing Tech Closer to Africa’, this year’s event will see multiple experts share their perspectives on technological progress made in Africa. (All Africa News)

International News

U.N. nuclear experts set out from the city of Zaporizhzhia on Thursday to visit a Russian-occupied nuclear power plant in Ukraine’s south to assess any damage, even as both sides in the conflict reported fighting in the area. (Reuters)

Asian stocks advanced on Thursday as investors looked forward to Fed Chair Jerome Powell’s speech on Friday at the central banking conference in Jackson Hole for further cues on the monetary policy outlook. (RTT News)

For weeks now, Ukraine and Russia have accused each other of endangering the Zaporizhzhia plant’s safety with shelling or drone strikes, risking a Chernobyl-style radiation disaster. (Aljazeera News)

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