NSX DAILY UPDATES (07 SEPTEMBER 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 149,778.00 4,627,453.08100.00%
ETFs –   –  0.00%
Total 149,778.00 4,627,453.08100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 4,627,453.08 worth of shares was traded on the NSX on Thursday with about N$ 118,124 worth of shares belonging to Shoprite Holdings and N$ 418,847 worth of shares belonging to Namibia Breweries. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Market participants subscribed shares belonging to Shoprite Holdings resulting in an increase in the company’s stock value by 0.9% at the closing.
  • Namibia Breweries. shares were traded by market participants, resulting in a decline of 3.6% in share price at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS38.0036.65-3.55%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.8015.810.06%
First Rand NamibiaFNB48.5048.49-0.02%
Standard Bank NamibiaSNO7.207.200.00%
Oryx LimitedORY11.3011.310.09%
Letshego  LHN3.953.960.25%
Namibia Asset ManagementNAME0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.74-0.08%
Mobile Telecommunication CompanyMOC7.127.130.14%
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 plcANM499.39484.05-3.07%
B2Gold CorporationB2G57.3858.381.74%
Oceana Group LimitedOCG71.0071.000.00%
TruworthsTRW72.2872.620.47%
Nedbank Group LimitedNBK207.29206.81-0.23%
Standard Bank GroupSNB192.42190.62-0.94%
Shoprite Holdings SRH244.41246.530.87%
Firstrand LimitedFST72.0071.42-0.81%
Momentum Metropolitan HoldingsMMT20.1419.94-0.99%
Old Mutual LtdOMM12.8412.68-1.25%
Sanlam LimitedSLA68.4267.01-2.06%
Santam LimitedSNM312.47306.85-1.80%
Vukile Property Fund LimitedVKN13.1512.98-1.29%
Investec LimitedIVD109.92109.20-0.66%
PSG Konsult LimitedKFS13.8413.75-0.65%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD343.59342.07-0.44%
New Gold Palladium ETFNGNPLD221.10225.672.07%
New Gold Platinum ETF NNGNPLT168.27167.39-0.52%
Satrix S&P Namibia Bond ETF)SXNNAM19.5219.590.36%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD19.08
EUR/NAD20.46
GBP/NAD23.86
EUR/GBP0.85
EUR/USD1.07
GBP/USD1.24
AUD/USD0.64
USD/JPY147.17
Commodities @ 07:00 
Gold1,949.65
Silver23.41
Platinum912.10
Palladium1,230.00
WTI86.34
Brent89.52
Table 5: Exchange Rates and Commodities 

Local News

The government has set November as the deadline for its decision on whether to take up a 24% equity offer in the green hydrogen project run by Hyphen Hydrogen Energy (Sun Newspaper)

The National Petroleum Corporation of Namibia (Namcor) has announced its first-ever oil and gas seminar, scheduled to take place on 11 and 12 September 2023 at the Namibia University of Science & Technology (Nust). However, due to an overwhelming response from potential participants, the corporation yesterday stated that the event has reached full capacity. (New Era Newspaper)

Renewable energy firm G7 has dropped its application for Eskom’s grid access rules to be set aside after several changes to make the rules less onerous. (The Namibian Newspaper)

Sub-Sahara News

Retail legend Raymond Ackerman has died, Pick n Pay, the retail group he founded announced on Thursday morning. (News24)

The G20 grouping of nations has agreed to grant permanent membership to the African Union, Bloomberg News reported on Thursday, citing people familiar with the matter. (CNBC Africa)

Africa contributes less than 4% of global greenhouse gas emissions, yet it suffers some of the worst effects of rising global temperatures. (AllAfrica News)

International News

North Korea has launched its first operational “tactical nuclear attack submarine” and assigned it to the fleet that patrols the waters between the Korean peninsula and Japan, state media said on Friday. (Reuters News)

UK house prices declined at the fastest pace in more than 14 years in August as rising borrowing costs continue to dampen housing market activity, data published by the Nationwide Building Society showed on Friday. (RTT News)

Cuban authorities have arrested 17 people on charges related to a human trafficking ring that allegedly lured young Cuban men to fight in Ukraine with the Russian military. (Aljazeera News)

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