NSX DAILY UPDATES (18 MAY 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 15,232.00 2,389,011.60100.00%
ETFs –   –  0.00%
Total 15,232.00 2,389,011.60100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 2,389,011.60 worth of shares was traded on the NSX on Thursday with about N$ 61,840 worth of shares belonging to Santam Limited. No trades occurred on the home front, as well as no ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Santam shares were sold off by market participants resulting in an increase in the company’s share price by -0.2%
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS35.9935.990.00%
Nictus HoldingsNHL1.901.900.00%
CapricornCGP13.8213.820.00%
First Rand NamibiaFNB38.5038.500.00%
Standard Bank NamibiaSNO7.997.990.00%
Oryx LimitedORY11.9911.990.00%
Letshego  LHN3.953.950.00%
Namibia Asset ManagementNAM0.680.680.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7912.790.00%
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 plcANM567.26563.11-0.73%
B2Gold CorporationB2G77.4377.37-0.08%
Oceana Group LimitedOCG67.0067.000.00%
Mediclinic International PlcMEP119.45117.68-1.48%
TruworthsTRW49.0048.19-1.65%
Nedbank Group LimitedNBK208.55208.730.09%
Standard Bank GroupSNB155.60155.770.11%
Shoprite HoldingsSRH199.86197.83-1.02%
FirstRand LimitedFST61.0160.92-0.15%
Momentum Metropolitan HoldingsMMT17.2017.19-0.06%
Old Mutual LtdOMM11.0711.090.18%
Sanlam LimitedSLA51.7652.010.48%
Santam LimitedSNM267.20266.59-0.23%
Vukile Property Fund LimitedVKN11.9712.000.25%
Investec LimitedIVD104.07108.043.81%
PSG Konsult LimitedKFS11.9711.76-1.75%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD356.06353.78-0.64%
New Gold Palladium ETFNGNPLD277.04273.41-1.31%
New Gold Platinum ETF NNGNPLT199.51199.24-0.14%
New Funds S&P NAM BondNFNAMA18.1018.140.22%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD19.26
EUR/NAD20.76
GBP/NAD23.91
EUR/GBP0.86
EUR/USD1.08
GBP/USD1.24
AUD/USD0.66
USD/JPY138.19
Commodities @ 07:00 
Gold1,967.75
Silver23.86
Platinum1,061.10
Palladium1.474.03
WTI72.61
Brent76.72
Table 5: Exchange Rates and Commodities 

Local News

Local and international bidders interested in developing the Tandjieskoppie, Zone, and Katima-Liselo irrigation projects, comprising 5 320 hectares of land, would be required to demonstrate access to or availability of liquid assets worth N$650 million. (Sun Newspaper)

Finance minister Iipumbu Shiimi warned that tax does not discriminate and thus urged all Namibian citizens to be compliant and pay tax as required. Shiimi further cautioned those trying to escape and avoid honoring their tax obligations to the revenue agency to be mindful because “it is just a matter of time”. (New Era Newspaper)

The Northern Regional Electricity Distributor (Nored) has been accused of keeping its customers in the dark about planned power disconnections due to outstanding debts to NamPower. (The Namibian Newspaper)

Sub-Sahara News

After US allegations that Russia was supplied with arms in SA triggered a rand crash, Deputy Minister of Finance David Masondo stressed that an urgent agreement is needed to settle the market. (News24)

The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a “crisis of adaptation” to rapid monetary policy tightening by central banks, according to a closely-watched report from the Institute of International Finance. (CNBC Africa)

Power utility Eskom predicts severe electricity shortages during winter with a minimum of Stage 5 power cuts and a strong possibility of Stage 8 over July and August, (AllAfrica News)

International News

Ukraine President Volodymyr Zelenskiy will attend the Group of Seven (G7) Hiroshima summit this weekend, a Ukrainian security official said, putting fresh pressure on Russia against the backdrop of a city synonymous with the horrors of nuclear war. (Reuters News)

Asian stocks retreated on Friday on lingering worries over the health of U.S. banks, an ongoing impasse over the U.S. debt ceiling and the Chinese economic recovery. (RTT News)

Tsunami warnings were triggered following a magnitude 7.7 earthquake that struck beneath the Pacific Ocean southeast of New Caledonia, emergency monitoring agencies said (Aljazeera News)

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