NSX DAILY UPDATES (23 JUNE 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 233,558.00 23,190,035.40100.00%
ETFs –   –  0.00%
Total 233,558.00 23,190,035.40100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 23,190,035.40worth of shares was traded on the NSX on Friday with about N$6,337,856 worth of shares belonging to Anglo-American plc and N$   1,845,200 worth of shares belonging FirstRand Namibia Ltd on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Market participants continue to sell-off shares belonging to Anglo-American as precious metal prices decline, thus resulting in a slight decrease of 1.3% in the company’s stock value at closing
  • Market participants actively traded FirstRand Namibia shares on the domestic market, resulting in an increase in share price at closing by 3.0%
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.0236.020.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.5014.802.07%
First Rand NamibiaFNB44.7946.132.99%
Standard Bank NamibiaSNO0.680.680.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.903.900.00%
Namibia Asset ManagementNAM0.680.680.00%
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 plcANM545.21538.06-1.31%
B2Gold CorporationB2G64.8268.485.65%
Oceana Group LimitedOCG67.0768.482.10%
TruworthsTRW55.6154.08-2.75%
Nedbank Group LimitedNBK227.49224.19-1.45%
Standard Bank GroupSNB175.50173.28-1.26%
Shoprite Holdings SRH227.10225.60-0.66%
Firstrand LimitedFST67.6766.53-1.68%
Momentum Metropolitan HoldingsMMT17.8817.80-0.45%
Old Mutual LtdOMM11.9511.85-0.84%
Sanlam LimitedSLA59.7157.88-3.06%
Santam LimitedSNM290.42287.00-1.18%
Vukile Property Fund LimitedVKN13.3813.12-1.94%
Investec LimitedIVD104.62103.69-0.89%
PSG Konsult LimitedKFS12.8412.68-1.25%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD329.82335.641.76%
New Gold Palladium ETFNGNPLD234.29232.25-0.87%
New Gold Platinum ETF NNGNPLT166.22166.870.39%
Satrix S&P Namibia Bond ETF)SXNNAM19.0919.02-0.37%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD18.72
EUR/NAD20.43
GBP/NAD23.85
EUR/GBP0.85
EUR/USD1.09
GBP/USD1.27
AUD/USD0.66
USD/JPY143.40
Commodities @ 07:00 
Gold1,936.25
Silver22.76
Platinum936.80
Palladium1,289.50
WTI69.41
Brent74.24
Table 5: Exchange Rates and Commodities 

Local News

Meatco sold 590 tons more beef and increased its revenue by N$113 million compared to the previous year. (Sun Newspaper)

Andrada Mining Limited, which is operating the Uis tin mine, has been criticized for not having all the requisite permissions and blasting equipment, as well as using the wrong explosives by the Ministry of Mines and Energy. (New Era Newspaper)

Political experts and opposition members of parliament (MPs) have expressed concern about Cabinet ministers rushing to table critical bills in parliament for amendment – seemingly to avoid Namibia being greylisted by the Financial Action Task Force (FATF). (The Namibian Newspaper)

Sub-Sahara News

President Cyril Ramaphosa said in February he expected much more energy capacity by the end of 2024. He is going to need to push that time line out (News24)

Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China, marking a long-awaited breakthrough for indebted nations around the world that have faced lengthy negotiations with creditors. (CNBC Africa)

The debt profiles, especially of countries in the global south, are rising, with many are now adjudged high-risk countries, keeping investors far from them. (AllAfrica News)

International News

Russia sought to restore calm on Monday after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine. (Reuters News)

Asian stocks retreated on Monday as investors exercised caution ahead of China’s interest-rate decision and Fed Chair Jerome Powell’s testimonies. (RTT News)

Australia, one of the biggest non-NATO contributors to Ukraine, is to send an additional 70 military vehicles to Ukraine as part of its latest military assistance package for the country. (Aljazeera News)

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