NSX DAILY UPDATES (01 SEPTEMBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 38,005.00 2,909,798.28100.00%
ETFs –   –  0.00%
Total 38,005.00 2,909,798.28100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 2,909,798.28 worth of shares was traded on the NSX on Friday with about N$ 891,601 worth of shares belonging to Truworths and N$ 336,797 worth of shares belonging to Santam Limited. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Market participants bought shares belonging to Truworths resulting in an uproar in the company’s stock value by 2.4% at the closing.
  • Santam Limited shares were traded by market participants, resulting in an increase in share price by 0.5% at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS38.0038.000.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.7015.700.00%
First Rand NamibiaFNB48.5048.500.00%
Standard Bank NamibiaSNO7.207.200.00%
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 CompanyMOC7.117.110.00%
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 plcANM506.99506.30-0.14%
B2Gold CorporationB2G58.4558.13-0.55%
Oceana Group LimitedOCG69.3368.70-0.91%
TruworthsTRW72.4674.222.43%
Nedbank Group LimitedNBK215.81214.07-0.81%
Standard Bank GroupSNB193.21193.12-0.05%
Shoprite Holdings SRH263.83261.52-0.88%
Firstrand LimitedFST73.4073.640.33%
Momentum Metropolitan HoldingsMMT20.1320.130.00%
Old Mutual LtdOMM12.6912.740.39%
Sanlam LimitedSLA68.1568.640.72%
Santam LimitedSNM298.61300.020.47%
Vukile Property Fund LimitedVKN13.3813.531.12%
Investec LimitedIVD110.84109.75-0.98%
PSG Konsult LimitedKFS14.0013.71-2.07%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD341.53338.77-0.81%
New Gold Palladium ETFNGNPLD222.90222.13-0.35%
New Gold Platinum ETF NNGNPLT176.80175.69-0.63%
Satrix S&P Namibia Bond ETF)SXNNAM19.8219.820.00%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.666
EUR/NAD20.24
GBP/NAD23.66
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.26
AUD/USD0.64
USD/JPY146.16
Commodities @ 07:00 
Gold1,972.05
Silver24.63
Platinum969.90
Palladium1,227.78
WTI85.62
Brent88.58
Table 5: Exchange Rates and Commodities 

Local News

The minimum wage for farm workers will increase by 10% from 1 October this year, which means that young, inexperienced workers will now have to receive at least N$6 per hour (Sun Newspaper)

The Office of the Prime Minister has announced that between July and September this year, approximately 579,000 people in Namibia are estimated to be facing high levels of acute food insecurity and requiring urgent humanitarian assistance. (New Era Newspaper)

The former ground handling service operator at Hosea Kutako International Airport (HKIA), Menzies Aviation Namibia, says its request to distribute cargo to clients has fallen on deaf ears. (The Namibian Newspaper)

Sub-Sahara News

South African President Cyril Ramaphosa said lower spending is “not necessarily” the answer to the country’s fiscal challenges, even as his government grapples with declining revenue. (News24)

Indebted nations that have faced lengthy negotiations with creditors need to have access to faster sovereign debt restructuring mechanisms, the International Monetary Fund’s First Deputy Managing Director Gita Gopinath said on Friday. (CNBC Africa)

Police have arrested a man suspected to have planted a bomb at the entrance of Miracle Centre Cathedral in Rubaga. (AllAfrica News)

International News

Global oil supplies are expected to improve in the next six to eight weeks because of refinery maintenance, although supplies of sour crude will stay tight. (Reuters News)

The monetary aggregates from the euro area are the only major economic report due on Monday. (RTT News)

Ukrainian President Volodymyr Zelenskyy has said he would ask parliament this week to dismiss Defence Minister Oleksii Reznikov and to replace him with Rustem Umerov, head of Ukraine’s main privatization fund. (Aljazeera News)

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