NSX DAILY UPDATES (30 AUGUST 2023)




NSX Trades Traded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 9,222.00 490,247.64100.00%
ETFs –   –  0.00%
Total 9,222.00 490,247.64100.00%
Table 1: NSX Trades

NSX Activities

A total of N$ 490,247.64 worth of shares was traded on the NSX on Wednesday with about N$ 272,537 worth of shares belonging to Truworths and N$ 210,151 worth of shares belonging to FirstRand Namibia Ltd. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

  • Market participants sold off shares belonging to Truworths resulting in a 0.2% decline in the company’s stock value at the closing.
  • FirstRand Namibia shares were traded by market participants, resulting in an increase by 1.0% in share price at closing.
NameNSX Local TickerPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
Namibian BreweriesNBS38.0038.000.00%
Nictus HoldingsNHL2.202.200.00%
CapricornCGP15.7015.700.00%
First Rand NamibiaFNB48.0048.501.04%
Standard Bank NamibiaSNO7.207.200.00%
Oryx LimitedORY11.3011.300.00%
Letshego  LHN3.953.950.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.7512.750.00%
Mobile Telecommunication CompanyMOC7.107.100.00%
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 plcANM487.69493.731.24%
B2Gold CorporationB2G57.4557.800.61%
Oceana Group LimitedOCG70.3370.20-0.18%
TruworthsTRW71.3471.20-0.20%
Nedbank Group LimitedNBK215.50217.640.99%
Standard Bank GroupSNB197.00198.130.57%
Shoprite Holdings SRH262.07264.801.04%
Firstrand LimitedFST74.0674.320.35%
Momentum Metropolitan HoldingsMMT19.9519.990.20%
Old Mutual LtdOMM12.8112.830.16%
Sanlam LimitedSLA66.5866.47-0.17%
Santam LimitedSNM292.06298.272.13%
Vukile Property Fund LimitedVKN13.3513.410.45%
Investec LimitedIVD108.72111.542.59%
PSG Konsult LimitedKFS14.0014.080.57%
Table 3: Dual Listed Trades
Name ETFsPrice Previous Close ‘N$Price End of Day ‘N$Daily Change %
New Gold Issuer Ltd NMNGNGLD332.60335.951.01%
New Gold Palladium ETFNGNPLD221.86220.40-0.66%
New Gold Platinum ETF NNGNPLT174.04173.64-0.23%
Satrix S&P Namibia Bond ETF)SXNNAM19.7419.73-0.05%
Table 4: ETFs
Exchange Rates @ 07:00 
USD/NAD18.72
EUR/NAD20.43
GBP/NAD23.74
EUR/GBP0.86
EUR/USD1.08
GBP/USD1.27
AUD/USD0.64
USD/JPY145.82
Commodities @ 07:00 
Gold1,971.85
Silver24.50
Platinum986.40
Palladium1,236.53
WTI81.91
Brent85.44
Table 5: Exchange Rates and Commodities 

Local News

An apparent lack of awareness and recognition of the extensive financial and social role of tourism in Namibia is a concern for tourism associations (Sun Newspaper)

Five northern regions – Oshana, Oshikoto, Ohangwena, Omusati, and Kunene north – owe the taxman a cumulative N$9.3 billion, the Namibia Revenue Agency revealed. (New Era Newspaper)

Following the transition to 24-hour operations at the Katima Mulilo and Buitepos border posts, the Ministry of Home Affairs, Immigration, Safety and Security, and the Road Fund Administration (RFA) have initiated a recruitment drive to increase staff at these ports of entry. (The Namibian Newspaper)

Sub-Sahara News

Lesetja Kganyago says the bank doesn’t believe its probe into Phala Phala has wider implications for money laundering. (News24)

A group of senior Gabonese military officers appeared on national television in the early hours of Wednesday and said they had taken power, minutes after the state election body announced President Ali Bongo had won a third term. (CNBC Africa)

At least 20 people died and 43 others were injured when a fire broke out at a five-storey building in the Johannesburg CBD on Thursday morning, (AllAfrica News)

International News

North Korea conducted a simulated “scorched-earth” nuclear strike on targets across South Korea, state media reported on Thursday, in reaction to allied exercises that it said amounted to plans for a preemptive nuclear attack by the United States (Reuters News)

Asian stocks ended mostly higher on Thursday as bond yields retreated from recent highs on the back of August PMI data signaling weaker economic activity in Asia, Europe, and the U.S. Blockbuster earnings and a bullish outlook from Nvidia (RTT News)

The White House has warned North Korea against selling munitions to Russia for its war in Ukraine as tensions between Pyongyang and Washington continue to mount (Aljazeera News)

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