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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:All is set for nse to cross 3900pts and test 4k The Indices are within a whisker of 12 Month Closing Highs and we are in a Bull Break Out Phase after a Period of Rotation that lasted July 26th through Today. (Rich on 30.08.2012)
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mlennyma wrote:All is set for nse to cross 3900pts and test 4k It would be interesting to see it cross the bridge and leaving mpesa on the other side of sub 4. On the other hand,should mpesa stage a rally as it heads towards div book closure on 13th Sept & MPC decides to open the floodgates on 5th Sept,these 2 will conspire to lift the index post 4,000!!! @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Kenya in new World Bank energy financing deal http://www.china.org.cn/...31/content_26395619.htm
Quote:Although the immediate beneficiaries for the new financing arrangement are the expensive thermal power generators that use diesel to generate electricity because they are easy to set up, the long term gains of the new arrangement will be realized when the deal to finance large scale renewable is realized. Following the money. The oil is for export. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Safaricom hitting a high of 4.10 GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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We have crossed 3,900 points safely. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Analysts predicted 3900 pts as the best case scenario for the nse 2012 in january. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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"Buoyed by the sale of EA Breweries shares, turnover rose to KSh.553M on a volume of 14M
shares, up from KSh.146M on 18M shares posted yesterday.
The NSE 20 Share Index edged up 1.59 points to stand at 3897.45.
All Share Index (NASI) was up 0.20 points to stand at 85.82.
FTSE NSE Kenya 15 Index shed 0.08 points to stand at 113.17
FTSE NSE Kenya 25 Index was up 0.04 points to stand at 115.67."
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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mlennyma wrote:We have crossed 3,900 points safely. I think we are couple points shy (NSE20 = 3,897.45) A bad day fishing is better than a good day at work
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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youcan'tstopusnow wrote:Safaricom hitting a high of 4.10
It will be all eyes on Scom tomorrow! @SufficientlyP
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sufficiently Philanga....thropic wrote:youcan'tstopusnow wrote:Safaricom hitting a high of 4.10
It will be all eyes on Scom tomorrow! I have all eyes on banks & insurance! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:Sufficiently Philanga....thropic wrote:youcan'tstopusnow wrote:Safaricom hitting a high of 4.10
It will be all eyes on Scom tomorrow! I have all eyes on banks & insurance! Equity has lagged kcb for a while, I expect memba to rally to 28/- faster than kcb! CFC & Coop have lagged, they'll catch up soon. SCBK & NBK are the only ones that marked down their bonds to market. Big gains for them coming up. Britank has been consolidating for next move up - target 7.20. Insurance stocks will rally, not sure about CIC. Looking to see if 3.50/- is defended.
I thot that mpesa bank would be at this level around Jan 2013, but clearly I underestimated the calf growing fast!
NSE is still on course to test 4000 in 2012. But at this level a lot of counters have flipped 40% plus gains thus profit taking will slow things down. NSE is in overbought zone since late June and a correction is due. Rotation will thus favour stocks (with rosy future earnings) that lagged the index rally.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Not forgetting headlines such as best market performance in Africa - yes NSE has achieved this so far. Such bullish headlines are a signal to take profits or take a pause for the next discount entry. The opposite refers to a buy signal - doom & gloom headlines of a bear run. www.businessdailyafrica....8/-/wq4r4hz/-/index.htmlFinally, let's not forget to be cautious about euroland. The spanners from there could wreck the party easily... Sept 12 German court ruling is critical. And should it disappoint, global markets have a long way to fall. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:Sufficiently Philanga....thropic wrote:youcan'tstopusnow wrote:Safaricom hitting a high of 4.10
It will be all eyes on Scom tomorrow! I have all eyes on banks & insurance! Same as @guru. MPC has spoken well!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:Not forgetting headlines such as best market performance in Africa - yes NSE has achieved this so far. Such bullish headlines are a signal to take profits or take a pause for the next discount entry. The opposite refers to a buy signal - doom & gloom headlines of a bear run. www.businessdailyafrica....8/-/wq4r4hz/-/index.html Three reasons why the NSE boom is just getting started!! 1. SINGLE DIGIT P/E RATIOS
2. DOUBLE DIGIT DIVIDEND YIELDS
3. DISCOUNTS TO NAVMark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:hisah wrote:Not forgetting headlines such as best market performance in Africa - yes NSE has achieved this so far. Such bullish headlines are a signal to take profits or take a pause for the next discount entry. The opposite refers to a buy signal - doom & gloom headlines of a bear run. www.businessdailyafrica....8/-/wq4r4hz/-/index.html Three reasons why the NSE boom is just getting started!! 1. SINGLE DIGIT P/E RATIOS
2. DOUBLE DIGIT DIVIDEND YIELDS
3. DISCOUNTS TO NAV I'm aware of the above, but praise headlines always signal profit taking around the corner. Check out the trend globally.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:guru267 wrote:hisah wrote:Not forgetting headlines such as best market performance in Africa - yes NSE has achieved this so far. Such bullish headlines are a signal to take profits or take a pause for the next discount entry. The opposite refers to a buy signal - doom & gloom headlines of a bear run. www.businessdailyafrica....8/-/wq4r4hz/-/index.html Three reasons why the NSE boom is just getting started!! 1. SINGLE DIGIT P/E RATIOS
2. DOUBLE DIGIT DIVIDEND YIELDS
3. DISCOUNTS TO NAV I'm aware of the above, but praise headlines always signal profit taking around the corner. Check out the trend globally. How many countries have all the fundamentals mentioned above?? Answer: 0 Who else is dropping their CBR 350bps??? Profit taking wapi? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:
Equity has lagged kcb for a while, I expect memba to rally to 28/- faster than kcb!
@hisah why would insult simba like this? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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guru267 wrote:hisah wrote:
Equity has lagged kcb for a while, I expect memba to rally to 28/- faster than kcb!
@hisah why would insult simba like this? @SufficientlyP
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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3900, so near yet so far A bad day fishing is better than a good day at work
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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" Some 13M shares valued at KSh.417M were traded in 1,200 deals, down from 14M shares that were valued at KSh.553M posted yesterday.
The NSE 20 Share Index shed 9.31 points to stand at 3888.14.
All Share Index (NASI) eased 0.47 points to stand at 85.35.
FTSE NSE Kenya 15 Index was up 0.44 points to settle at 113.61.
FTSE NSE Kenya 25 Index was up 0.50 points to settle at 116.17."
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