NSX DAILY UPDATES (24 JULY 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 507,029.00 22,373,134.63100.00%
ETFs –   –  0.00%
Total 507,029.00 22,373,134.63100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 22,373,134.63 worth of shares was traded on the NSX on Monday with about N$1,376,673 worth of shares belonging to Anglo-American plc and N$ 4,822,830 worth of shares belonging to Capricorn Group Limited. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

  • Market participants offloaded shares of Anglo-American following an astonishing 71% plunge in the affiliate company’s interim earnings for the six months ending in June. As a consequence, the company’s stock value experienced a slight decline of 1.0% at the closing.
  • Capricorn Group’s shares were traded by market participants, resulting in an increase of 2.04% change in share price at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS36.8036.800.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP14.7015.002.04%
First Rand NamibiaFNB50.0048.00-4.00%
Standard Bank NamibiaSNO6.506.500.00%
Oryx LimitedORY11.1011.100.00%
Letshego  LHN3.863.860.00%
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 plcANM550.70545.03-1.03%
B2Gold CorporationB2G64.7764.910.22%
Oceana Group LimitedOCG68.8468.22-0.90%
TruworthsTRW61.3562.642.10%
Nedbank Group LimitedNBK226.34228.881.12%
Standard Bank GroupSNB185.10187.001.03%
Shoprite Holdings SRH242.77242.860.04%
Firstrand LimitedFST70.4270.980.80%
Momentum Metropolitan HoldingsMMT18.3018.360.33%
Old Mutual LtdOMM12.5512.600.40%
Sanlam LimitedSLA63.3263.630.49%
Santam LimitedSNM295.51291.20-1.46%
Vukile Property Fund LimitedVKN12.7012.760.47%
Investec LimitedIVD113.01112.31-0.62%
PSG Konsult LimitedKFS13.6913.881.39%
Table 3: Dual Listed Trades

Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD327.82324.34-1.06%
New Gold Palladium ETFNGNPLD222.97221.75-0.55%
New Gold Platinum ETF NNGNPLT165.73165.10-0.38%
Satrix S&P Namibia Bond ETF)SXNNAM19.3419.370.16%
Table 4: ETFs

Exchange Rates @ 07:00 
USD/NAD17.65
EUR/NAD19.55
GBP/NAD22.67
EUR/GBP0.86
EUR/USD1.10
GBP/USD1.28
AUD/USD0.67
USD/JPY141.45
Commodities @ 07:00 
Gold1,964.15
Silver24.70
Platinum973.60
Palladium1,282.28
WTI78.94
Brent82.63
Table 5: Exchange Rates and Commodities 

Local News

Education minister Anna Nghipondoka says the growing backlog of classrooms at public schools across the country poses a major challenge to the ministry (Sun Newspaper)

Excessive amounts of money at the Guardian Fund, a national investment vehicle comprising unclaimed inheritance, is being invested at an inadequate rate of return of as low as 5.5% by some fund managers. (New Era Newspaper)

This comes after the Electricity Control Board (ECB) announced ta­riff increases for the Erongo Regional Electricity Distributor (Erongored) with 9%, the Central-Northern Regional Electricity Distributor (Cenored) with 7,6%, NamPower Distribution with 9,2%, the Northern Regional Electricity Distributor (Nored) with 9,8%, the Omaheke Regional Council with 3,3%, and the Cenored-Okahandja joint venture with 7,3%. (The Namibian Newspaper)

Sub-Sahara News

Anglo American Platinum interim earnings have plunged an astounding 71% for the six months to end June, dropping to R7.9 billion, compared with R26.7 billion in the first half of 2022. (News24)

Russia and nations taking part in this week’s Russia-Africa summit will discuss Moscow’s grain and fertilizers exports, Oleg Ozerov, ambassador at large at the Russian foreign ministry, told the state RIA news agency in remarks published on Tuesday. (CNBC Africa)

At least 16 people have died and close to 30 injured when a four-storey building collapsed onto a smaller one in Cameroon’s largest city, Douala. (AllAfrica News)

International News

Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. (Reuters News)

European stocks traded lower on Monday after data showed the Chinese economy grew just 0.8 percent in the June quarter, down from 2.2 percent in the first three months of 2023. (RTT News)

Markets in Europe are expected to open on a weak note on Tuesday amidst anxiety ahead of the next round of corporate earnings. (Aljazeera News)

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