NSX DAILY UPDATES (07 MARCH 2023)




NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 804,290.00 25,737,428.8599.19%
ETFs 667.00 210,618.590.81%
Total 804,957.00 25,948,047.44100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 25,737,428.85 worth of shares was traded on the NSX on Tuesday with about N$ 826,640 worth of shares belonging to Shoprite Holdings and N$   204,060 worth of FirstRand Namibia Ltd on the home front. ETFs worth N$ 210,618.59 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Shoprite’s share performance experienced a sell-off, resulting in a decline of 0.4% on the overall bourse.
  • Shares of FirstRand Namibia were traded on the domestic exchange, however there was no change in the company’s share price performance.
  • New Gold Issuer Ltd NM ETF was also sold off by market participants
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS46.0146.010.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8013.800.00%
First Rand NamibiaFNB34.0134.010.00%
Standard Bank NamibiaSNO5.195.190.00%
Oryx LimitedORY11.5011.500.00%
Letshego  LHN3.523.520.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.8512.850.00%
Mobile Telecommunication CompanyMOC7.097.090.00%
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 plcANM638.45636.00-0.38%
B2Gold CorporationB2G64.7263.79-1.44%
Oceana Group LimitedOCG72.6171.73-1.21%
Mediclinic International PlcMEP108.92109.580.61%
TruworthsTRW59.5159.850.57%
Nedbank Group LimitedNBK233.83231.72-0.90%
Standard Bank GroupSNB187.36183.10-2.27%
Shoprite HoldingsSRH225.00224.00-0.44%
FirstRand LimitedFST67.0067.390.58%
Momentum Metropolitan HoldingsMMT19.5419.41-0.67%
Old Mutual LtdOMM12.2812.411.06%
Sanlam LimitedSLA59.1359.160.05%
Santam LimitedSNM306.48302.00-1.46%
Vukile Property Fund LimitedVKN13.6613.660.00%
Investec LimitedIVD114.12113.73-0.34%
PSG Konsult LimitedKFS12.6612.680.16%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD314.74314.59-0.05%
New Gold Palladium ETFNGNPLD251.57253.560.79%
New Gold Platinum ETF NNGNPLT170.81169.32-0.87%
New Funds S&P NAM BondNFNAMA18.2018.200.00%

Table 4: ETFs


Exchange Rates @ 07:00 
USD/NAD18.61
EUR/NAD19.61
GBP/NAD22.01
EUR/GBP0.89
EUR/USD1.05
GBP/USD1.18
AUD/USD0.65
USD/JPY137.83
Commodities @ 07:00 
Gold1,815.55
Silver20.04
Platinum937.15
Palladium1,373.00
WTI77.64
Brent83.51

Table 5: Exchange Rates and Commodities 


Local News

The Paratus Group announced that all five of its data centers (DCs) have been awarded several stamps of approval for quality management, information security, and Payment Card Industry Data Security Standards certifications. (Sun Newspaper)

Black Business Leadership Network of Namibia president Irene Simeon-Kurtz last Friday said the network does not support the imminent threat of closure of the Meat Corporation of Namibia in favour of previously advantaged farmers. (New Era Newspaper)

Health and social services minister Kalumbi Shangula says his ministry has been forced to cancel some operations due to the cancellation of multibillion-dollar medical tenders a few weeks ago. (The Namibian Newspaper)

Sub-Sahara News

The fourth-quarter GDP contraction was a shocker, and South Africa may be heading for two negative quarters – a technical recession (News24)

South Africa’s biggest supermarket group Shoprite SHPJ.J expects diesel costs to operate generators to remain elevated given rolling power cuts, pressuring its margins, but says new store openings will drive growth in 2023. (CNBC Africa)

South African tax authorities have not been able to find any record that Hazim Mustafa, the Sudanese businessman who paid U.S.$580 000 in cash for buffalo from President Cyril Ramaphosa’s Phala Phala farm, declared the cash he brought into the country in December 2019, (All Africa News)

International News

Intelligence reviewed by U.S. officials indicates that a pro-Ukrainian group was behind last year’s attacks on the Nord Stream natural gas pipelines, but there was no evidence of the Kyiv government’s involvement, the New York Times reported. (Reuters)

European stocks may open flat to slightly higher on Wednesday as investors cheered signs of expanding manufacturing activity in China. (RTT News)

China is “strongly dissatisfied” with Germany’s reported plans to ban Huawei and ZTE from the country’s 5G network, the Chinese embassy has said. (Aljazeera News)

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