This is past information! The future will paint a very different picture!

"Buoyed by solid volumes, week on week turnover soared to KSh.3.5bn from KSh.1.7bn posted the previous week, the number of shares traded stood at 160M against 89M the previous week.

The NSE 20 Share Index gained a total of 53.91 points during the week to stand at 3953.53.
All Share Index (NASI) was up 0.83% during the week to stand at 86.61 points.

FTSE NSE Kenya 15 Index was up 1.89% during the week to close at 114.79 points.
FTSE NSE Kenya 25 Index was up 1.70% during the week to close at 117.24 points."

When I started this thread, I promised to indicate when NSE will be headed for a bullish period. That time has come!? But not via the NSE chart, but the MSCI Kenya index chart. Very hidden from Wanjikus

But now Wanjikus know

Partial recovery happened in Apr 2012 when the falling trendline that marked the 2011 bear trend was broken. In the last 2 months the buy volume has been increasing to the level where foreigners have pumped in 9 billion as net buyers since the start of 2012. A few days ago EABL shares churned more than 1 billion in turnover trading around 0.84% of the share float!

Other factors boosting the calf to mature into a bull: -
- CBK's liquidity boost via CBR sizable rate cut after a nasty liquidity squeeze due to crazy inflation.
- ECB has decided they won't let the euro fold so will do whatever it takes with no time limit!
- US Fed has decided to inject USD into the US economy until umemployment reaches 6% and below levels. The program has no time limit! So we are facing 3 liquidity boost turbo thrusters...
- Fundamentally - hydrocarbon revenues are coming online in future and KE will soon shift from net importer to exporter effectively dealing with the stubborn trade deficit.

Now presenting the chart - MSCI Kenya (MXKE) - http://www.bloomberg.com/quote/MXKE:IND/chart





Fellow TA fans (@deal, @sparkly et al) what do you think? Note this is a 5yr chart and the falling trendline has been broken with the index closing above it for the first time in 5yrs since the top was put in at 1210 on Jun 5 2008.

I really hope this mbus can delay a bit in order to source more funds for the coming bull run...

Update - anyone also notice the inverted H&S pattern forming... Powerful upside coming up!

The market is just forming an extended double top...next year there will be pain at the markets due to:-

1. 2013 Elections
2. Inflation due to

i. easing in the developed markets...already pump prices have started rising
ii. Wage increases
iii. elections spending

Wow! You've just brought back memories of 06. I remember back then,when it was all about stocks,walking into the brokers office on a Monday morning in early April 2006 to place a bid for KQ at Ksh.100 & sell it at 130 thereabouts after a week or so & then throw in the proceeds into 10 diff accounts i had just opened for the Kengen play. I meet a young,new lady at the reception(SIB) & i go like...i want to place a Kq bid. She pauses & with a humble voice & innocent look,asks me why i'm buying KQ saying it's soo expensive.was rather annoyed that she would question my decision seeing that she was new & naive,or so i thot.Thot to ask her,just in passing what to her she thought was the best play.Again,she paused kidogo,then said HF.That suggestion annoyed me even the more seeing that HF was by then struggling to stay afloat,hadnt paid divs in donkey years.Worse still,the share price was still stranded at 13 bob despite the bull mart then. I quickly told her to bid for Kq & ofcourse disregarded her advice.A day after,there was a rumour that transcentury was contemplating buying some stake at HF & the share shot from 13 to 28!!!!!!!!!!
Moral of the story...Listen to the dull & forsaken,they too have their story!!

The bull began with the year #NSE 20 #NASI. If all stay ahead of the curve and see smooth and peaceful election, the bull aint stopping. Poor wanjiku was selling in H1