NSX DAILY UPDATES (10 AUGUST 2023)




NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 232,681.00 12,023,530.1193.37%
ETFs 5,234.00  853,1426.63%
Total 237,915.00 12,876,672.11100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 12,023,530.11 worth of shares was traded on the NSX on Thursday with about N$ 1,097,864 worth of shares belonging to Oceana Group Limited and N$ 350 worth of shares belonging to SBN Holdings Ltd. ETFs worth N$ 853,142 were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold shares belonging to Oceana Group resulting in a 1.5% decline in the company’s stock value at the closing.
  • SBN Holdings’ shares were traded by market participants, resulting in an upsurge in share price by 7.5% at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS37.1937.190.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.0115.020.07%
First Rand NamibiaFNB48.0148.010.00%
Standard Bank NamibiaSNO6.506.997.54%
Oryx LimitedORY11.2911.300.09%
Letshego  LHN3.943.940.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.087.080.00%
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 plcANM519.50522.560.59%
B2Gold CorporationB2G60.0257.67-3.92%
Oceana Group LimitedOCG69.6468.60-1.49%
TruworthsTRW69.3369.18-0.22%
Nedbank Group LimitedNBK229.70232.001.00%
Standard Bank GroupSNB194.11196.291.12%
Shoprite HoldingsSRH257.12259.000.73%
Firstrand LimitedFST72.2573.041.09%
Momentum Metropolitan HoldingsMMT19.3619.772.12%
Old Mutual LtdOMM13.1113.251.07%
Sanlam LimitedSLA65.1565.05-0.15%
Santam LimitedSNM295.00297.430.82%
Vukile Property Fund LimitedVKN13.9113.86-0.36%
Investec LimitedIVD112.74112.35-0.35%
PSG Konsult LimitedKFS13.8714.061.37%
Table 3: Dual Listed Trades
NameETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD340.78334.09-1.96%
New Gold Palladium ETFNGNPLD223.02232.624.30%
New Gold Platinum ETF NNGNPLT164.92162.62-1.39%
Satrix S&P Namibia Bond ETF)SXNNAM19.6119.640.15%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.84
EUR/NAD20.71
GBP/NAD23.95
EUR/GBP0.86
EUR/USD1.09
GBP/USD1.27
AUD/USD0.65
USD/JPY144.72
Commodities @ 07:00 
Gold1,948.95
Silver22.78
Platinum919.60
Palladium1,301.78
WTI82.73
Brent86.27
Table 5: Exchange Rates and Commodities 

Local News

James Mnyupe’s transition from an investment banker to the champion of Namibia’s ambitious green hydrogen project has drawn both ire and awe in the public domain (Sun Newspaper)

Trade minister Lucia Iipumbu has urged newly appointed board members and management at state-owned enterprises (SOEs) to focus on matters that drive economic revival. Speaking at Monday’s inauguration of board members, Iipumbu said there is no room nor time to waste on unimportant issues (New Era Newspaper)

Former Rally for Democracy and Progress (RDP) elections director John Nghishekwa is suing former Namibian Central Intelligence Service (NCIS) director general Philemon Malima over a failed N$7 million farming business deal. (The Namibian Newspaper)

Sub-Sahara News

Despite eight court cases and being ordered to reinstate at least six executives, Prasa continues to pay millions of rand to keep qualified executives at home. (News24)

The South African rand strengthened against the dollar on Thursday, helped by dollar weakness after data showed a moderate rise in U.S. inflation in July. (CNBC Africa)

Citizens Coalition for Change (CCC) Deputy Spokesperson Ostallos Siziba has accused Zanu PF of putting an ugly face on Zimbabwe’s democracy, a day after the burial of Tinashe Chitsunge one of the opposition’s recently slain members. (AllAfrica News)

International News

Maui’s wildfires have killed at least 53 people, a toll expected to rise, and unleashed destruction on the resort town of Lahaina that will take many years and billions of dollars to rebuild, Hawaiian officials said on Thursday (Reuters News)

European stocks were mostly higher on Friday after three days of losses. Amid rising fears around slowing global growth, investors awaited the release of U.S. jobs data later in the day for further clues on the growth and rate outlook. (RTT News)

A handful of United States citizens imprisoned in Iran have been moved to house arrest, in what US news outlets are reporting is the first step in a potential prisoner swap deal between Washington and Tehran. (Aljazeera News)

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