NSX DAILY UPDATES (01 AUGUST 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 34,438.00 1,143,773.87100.00%
ETFs –   –  0.00%
Total 34,438.00 1,143,773.87100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 1,143,773.87 worth of shares was traded on the NSX on Tuesday with about N$ 107,124 worth of shares belonging to Vukile Property Fund Limited and N$ 818,400 worth of shares belonging to Namibia Breweries. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Market participants bought shares belonging to Vukile Property Fund, resulting in an increase of the company’s stock value of 2.1% at the closing.
  • Namibia Breweries’ shares were traded by market participants, resulting in an uptick of 1.1%  in share price at closing.           
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.8037.201.09%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.010.00%
First Rand NamibiaFNB50.0150.00-0.02%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.950.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM548.46546.46-0.36%
B2Gold CorporationB2G60.5961.771.95%
Oceana Group LimitedOCG69.8269.50-0.46%
TruworthsTRW71.7969.84-2.72%
Nedbank Group LimitedNBK235.00233.35-0.70%
Standard Bank GroupSNB191.00191.000.00%
Shoprite Holdings SRH258.40258.700.12%
Firstrand LimitedFST72.7972.920.18%
Momentum Metropolitan HoldingsMMT18.9618.76-1.05%
Old Mutual LtdOMM13.0113.030.15%
Sanlam LimitedSLA65.7765.910.21%
Santam LimitedSNM296.85301.121.44%
Vukile Property Fund LimitedVKN13.0713.342.07%
Investec LimitedIVD111.63112.350.64%
PSG Konsult LimitedKFS14.3314.360.21%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD324.88329.311.36%
New Gold Palladium ETFNGNPLD219.32216.88-1.11%
New Gold Platinum ETF NNGNPLT163.19162.77-0.26%
Satrix S&P Namibia Bond ETF)SXNNAM19.5619.52-0.20%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.32
EUR/NAD20.14
GBP/NAD23.41
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY142.86
Commodities @ 07:00 
Gold1,986.10
Silver24.45
Platinum937.45
Palladium1,228.53
WTI82.22
Brent85.78
Table 5: Exchange Rates and Commodities 

Local News

Bulk energy supplier NamPower says it is owed a combined N$790 million by various government offices, local authorities, and regional electricity distributors. (Sun Newspaper)

Four business parks in the Hardap region, developed by the government to provide infrastructure to small businesses, are gathering dust as little to no business activity is taking place. (New Era Newspaper)

The Bank of Namibia (BoN) is maintaining its stance that cryptocurrencies and virtual assets are not yet authorized as legal tender for transactions involving goods and services within the country. (The Namibian Newspaper)

Sub-Sahara News

A hedge fund collapsed after shorting Sanlam – its founder now faces legal action at last (News24)

India’s rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt. (CNBC Africa)

The interior ministry of Senegal has disbanded Ousmane Sonko’s political party for inciting disorder among his supporters during last month’s violent protests, which resulted in clashes between protesters and police in the country’s capital, Dakar, (AllAfrica News)

International News

Donald Trump was indicted on Tuesday for his wide-ranging attempts to overturn the 2020 election, the third time in four months that the former U.S. president has been criminally charged even as he campaigns to regain the presidency next year (Reuters News)

European stocks were subdued on Wednesday as investors braced for another interest-rate hike from the Federal Reserve later in the day (RTT News)

Top rating agency Fitch has downgraded the United States’s credit rating over its rising debt and a “deterioration in standards of governance”, prompting protests from the White House. (Aljazeera News)

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