[quote=mwekez@ji]Rich view:
The Nairobi ^NSE20 Index shaved off 8.05 points to close at 4147.94
The ^NSE20 Index is +39.3915% in 2012 and is 0.30164% off a 20 month closing high from the 15th of this Month.
Equity Turnover remained elevated at 498.187m versus 474.188m.
The Equity indices have floated higher on an increased Allocation by Foreign Investors who have bought a Net Amount of stocks valued at Sh26.4 billion in the period between January and October this year.
Local Investors have been on the sidelines in the expectation that the Markets would be soft ahead of the Election in 2013.
However, The Indices were egregiously oversold in 2011.
Foreign Investors have been increasing Africa Allocation throughout 2012 and this is evidenced in a Selection of index Returns.
Egypt [admittedly of a bombed out Post Mubarak Level] is +51.242%, Nigeria's All Share is +27.35% and South Africa is +15.11% in 2012.
The Bull Market might wobble if the Current Implosion in the Internal Security situation starts to tip [any more].
Its flashing Amber
.
[/quote]
So sell, sell sell?