| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 3,138,762.00 | 102,042,873.71 | 100.00% |
| ETFs | – | – | 0.00% |
| Total | 3,138,762.00 | 102,042,873.71 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 102,042,873.71 worth of shares was traded on the NSX on Wednesday with about N$ 4,851,582 worth of shares belonging to Shoprite Holdings and N$ 58,610 worth of Capricorn Group Limited on the home front. No ETFs were traded on Wednesday
HEI Market Commentary
From the trading activity that took place:
- Shoprite’s shares have exhibited a bearish trend for two consecutive days, driven by the prevailing bullish market sentiment that has induced market participants to unwind their positions, causing a 2.7% decline in share performance.
- Shares of Capricorn Group were traded on the domestic exchange, resulting in a slight increase of 0.1% in the group’s share price on the local bourse
| Name | NSX Local Ticker | Price Previous Close ‘N$ | Price End of Day ‘N$ | Daily Change % |
| Namibian Breweries | NBS | 46.01 | 46.02 | 0.02% |
| Nictus Holdings | NHL | 1.90 | 1.90 | 0.00% |
| Capricorn | CGP | 13.80 | 13.81 | 0.07% |
| First Rand Namibia | FNB | 34.01 | 34.02 | 0.03% |
| Standard Bank Namibia | SNO | 5.19 | 5.20 | 0.19% |
| Oryx Limited | ORY | 11.50 | 11.49 | -0.09% |
| Letshego | LHN | 3.52 | 3.53 | 0.28% |
| Namibia Asset Management | NAM | 0.68 | 0.68 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 12.85 | 12.84 | -0.08% |
| Mobile Telecommunication Company | MOC | 7.09 | 7.08 | -0.14% |
| Alpha Namibia Industries Renewable Power Limited | ANE | 9.00 | 9.00 | 0.00% |
Table 2: Primary listed Trades
| Name | South African Dual-Listed Ticker | Price Previous Close ‘N$ | Price End of Day ‘N$ | Daily Change % |
| Anglo-American plc | ANM | 636.00 | 629.70 | -0.99% |
| B2Gold Corporation | B2G | 63.79 | 62.03 | -2.76% |
| Oceana Group Limited | OCG | 71.73 | 71.43 | -0.42% |
| Mediclinic International Plc | MEP | 109.58 | 109.00 | -0.53% |
| Truworths | TRW | 59.85 | 59.45 | -0.67% |
| Nedbank Group Limited | NBK | 231.72 | 222.99 | -3.77% |
| Standard Bank Group | SNB | 183.10 | 178.64 | -2.44% |
| Shoprite Holdings | SRH | 224.00 | 217.93 | -2.71% |
| FirstRand Limited | FST | 67.39 | 66.21 | -1.75% |
| Momentum Metropolitan Holdings | MMT | 19.41 | 19.18 | -1.18% |
| Old Mutual Ltd | OMM | 12.41 | 12.16 | -2.01% |
| Sanlam Limited | SLA | 59.16 | 58.38 | -1.32% |
| Santam Limited | SNM | 302.00 | 301.36 | -0.21% |
| Vukile Property Fund Limited | VKN | 13.66 | 13.70 | 0.29% |
| Investec Limited | IVD | 113.73 | 111.42 | -2.03% |
| PSG Konsult Limited | KFS | 12.68 | 12.60 | -0.63% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close ‘N$ | Price End of Day ‘N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 314.59 | 314.10 | -0.16% |
| New Gold Palladium ETF | NGNPLD | 253.56 | 250.76 | -1.10% |
| New Gold Platinum ETF N | NGNPLT | 169.32 | 168.35 | -0.57% |
| New Funds S&P NAM Bond | NFNAMA | 18.15 | 18.14 | -0.06% |
Table 4: ETFs
| Exchange Rates @ 07:00 | |
| USD/NAD | 18.59 |
| EUR/NAD | 19.61 |
| GBP/NAD | 22.04 |
| EUR/GBP | 0.89 |
| EUR/USD | 1.05 |
| GBP/USD | 1.18 |
| AUD/USD | 0.66 |
| USD/JPY | 136.76 |
| Commodities @ 07:00 | |
| Gold | 1,818.55 |
| Silver | 20.10 |
| Platinum | 940.90 |
| Palladium | 1,352.53 |
| WTI | 76.67 |
| Brent | 82.68 |
Table 5: Exchange Rates and Commodities
Local News
Amid concerns about an already bloated public service wage bill, unions representing civil servants last month submitted salary-increment demands to the government, which include an 8% salary hike across the board. (Sun Newspaper)
Lepidico Ltd, a vertically integrated lithium and other critical metals developer has provided an update on its ore reserve estimate at its 80%-owned Karibib project, which has added a further 1.16 million tonnes into its probable reserves. The estimate was prepared by Australian Mine Design and Development Pty Ltd (AMDAD) while the estimation work is reported in accordance with the requirements of the JORC Code (2012. (New Era Newspaper)
Businessman Knowledge Katti stands a chance of making around N$42 million by selling 1% of a petroleum block joint venture near a hotspot in Namibia where oil has been discovered. (The Namibian Newspaper)
Sub-Sahara News
S&P Global unexpectedly downgraded South Africa’s credit rating outlook to stable from positive on Wednesday evening. (News24)
International Monetary Fund staff will present Ghana’s request for a loan programme to its executive board by the end of the month, the country’s President Nana Akufo-Addo said on Wednesday during an annual state-of-the-nation address. (CNBC Africa)
The Angolan Attorney-General’s Office has reportedly opened an investigation against the country’s ambassador to Kenya. (All Africa News)
International News
China’s annual consumer inflation slowed to the lowest rate in a year in February as consumers remained cautious despite the abandonment of strong pandemic controls late in 2022. (Reuters)
European stocks may struggle for direction on Thursday after renewed U.S. rate-hike bets spurred an overnight spike in Treasury yields. (RTT News)
Australia is expected to announce it will buy as many as five US Virginia class nuclear-powered submarines in the 2030s as part of a landmark Pacific security pact with the United States and the United Kingdom, according to four US officials. (Aljazeera News)