NSX DAILY UPDATES (09 MARCH 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 349,587.00 9,125,345.47100.00%
ETFs –   –  0.00%
Total 349,587.00 9,125,345.47100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 9,125,345.47 worth of shares was traded on the NSX on Thursday with about N$ 504,258 worth of shares belonging to Anglo-American plc and N$ 9,912 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American’s stock price has experienced a downturn in the general market following the disclosure of De Beers’ second sales cycle of 2023, which reported a decline in the value of rough diamond sales.
  • The domestic exchange facilitated the trading of Mobile Telecommunications’ shares, resulting in a neutral effect on the company’s stock price.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS46.0246.020.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8113.810.00%
First Rand NamibiaFNB34.0234.020.00%
Standard Bank NamibiaSNO5.205.200.00%
Oryx LimitedORY11.4911.490.00%
Letshego  LHN3.533.530.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.8412.840.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM629.70629.30-0.06%
B2Gold CorporationB2G62.0361.43-0.97%
Oceana Group LimitedOCG71.4369.71-2.41%
Mediclinic International PlcMEP109.00110.000.92%
TruworthsTRW59.4557.75-2.86%
Nedbank Group LimitedNBK222.99227.301.93%
Standard Bank GroupSNB178.64179.820.66%
Shoprite HoldingsSRH217.93218.730.37%
FirstRand LimitedFST66.2168.042.76%
Momentum Metropolitan HoldingsMMT19.1819.00-0.94%
Old Mutual LtdOMM12.1612.270.90%
Sanlam LimitedSLA58.3858.390.02%
Santam LimitedSNM301.36302.000.21%
Vukile Property Fund LimitedVKN13.7013.730.22%
Investec LimitedIVD111.42112.701.15%
PSG Konsult LimitedKFS12.6012.42-1.43%

Table 3: Dual Listed Trades


Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD314.10317.160.97%
New Gold Palladium ETFNGNPLD250.76246.68-1.63%
New Gold Platinum ETF NNGNPLT168.35171.712.00%
New Funds S&P NAM BondNFNAMA18.1418.11-0.17%

Table 4: ETFs


Exchange Rates @ 07:00 
USD/NAD18.52
EUR/NAD19.62
GBP/NAD22.09
EUR/GBP0.88
EUR/USD1.05
GBP/USD1.19
AUD/USD0.65
USD/JPY136.58
Commodities @ 07:00 
Gold1,834.05
Silver20.00
Platinum936.60
Palladium1,375.78
WTI75.14
Brent81.13

Table 5: Exchange Rates and Commodities 


Local News

Commercial public entities are expected to receive N$425.4 million in allocations from the budget following its tabling last month by finance minister Iipumbu Shiimi.. (Sun Newspaper)

Two unions, the Namibia National Teachers Union and Namibia Public Workers Union, proposed salary and other benefit increases for civil servants for the 2023/24 and 2024/25 financial years. (New Era Newspaper)

Social protection programs are necessitated by the escalation in food and commodity prices, which affect access to food for vulnerable communities. (The Namibian Newspaper)

Sub-Sahara News

A former analyst at the Public Investment Corporation has told the high court the group’s former head, Dan Matjila, acted like a “dictator” and bullied staff. Matjila has in the past denied similar claims (News24)

Nigeria’s electoral commission has postponed by a week Saturday’s elections to choose new governors, saying it needed more time to reconfigure electronic machines that are at the center of last month’s disputed presidential vote. (CNBC Africa)

Eight years after journalist and pro-democracy activist, Itai Dzamara went missing authorities are yet to give a progress report on their investigation efforts to ensure his family receives justice, truth, and reparation. (All Africa News)

International News

Russia’s first missile blitz on Ukrainian cities in weeks was met with defiance and disgust over the targeting of civilians, while Ukrainian forces defending the eastern town of Bakhmut continued to thwart Russian attempts to break through. (Reuters)

European stocks look set to open higher on Friday, as comments from a Federal Reserve official raised hopes that the Fed with stick with a 25-bps rate hike at its next meeting in March. (RTT News)

Malaysia’s former Prime Minister Muhyiddin Yassin has been charged with abuse of power and money laundering in connection with the awarding of government contracts during the COVID-19 pandemic.. (Aljazeera News)

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