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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Aguy, Geometric mean is used. Read more here link @mukiha #post 9mukiha wrote:
Here is the formula from the NSE booklet I downloaded in 2009:
I[t] = I[t-1] * 20th-root-of ({P[1 t]/P[1 t-1]} * {P[2 t]/P[2 t-1]} * .... * {P[20 t]/P[20 t-1]})
Where:
I[t] = index at time t
I[t-1] = index at time t-1
P[j t] = price of stock j (i.e., 1, 2, 3, 4, .... 20) at time t
P[j t-1] = price of stock j at time t-1
Unfortunately, this booklet is not available in the new-look NSE website, otherwise I'd have given you the link.
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Eabl doing another over 700m by 1pm definately very big boys present at the nse. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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We close the week at 3,975.79 GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Aguytrying wrote:mwekez@ji wrote:cnn wrote:BGL wrote:Aguytrying wrote:guru267 wrote:youcan'tstopusnow wrote:ELFU NNE NDIO HIYO!
NSE 20-share index gained 103.58 points ( 2.61%) to close at 4,069.33
Equity turnover: KES 720.25M
Is it just me or is there something wrong with the figures? The gain does not seem proportionate with the move in share prices.. Shares were flat or down in general but the index is up 3.15%!! It is very weird to me too. I realised EABL was the main NSE 20 stock that gained with a large volume. Which begs the questions, is the NSE a weighted index? ERRATUM NSE 20 Up 13.37 points to close at 3958.62 So the 4069 on the NSE website is a hoax?,somebody should be fired. @BGL, you are on point. my workings yield that 3958.62. Its bizarre that NSE (website and daily report), Data vendors and analysts have the 4,069.33. How is it calculated? What better way to entice the fence sitters back to the NSE than a headline of "NSE 20 crosses the monumental 4000 mark" Error or no error the damage is done! A psychological nudge. looks like it will work. Life is short. Live passionately.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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"
Turnover up to KSh.388M from the previous session’s KSh.374M, the number of shares
traded stood at 17M against 28M posted yesterday.
The NSE 20 Share Index up 14.06 points to stand at 3997.00.
All Share Index (NASI) was up 0.72 points to stand at 87.85.
FTSE NSE Kenya 15 Index closed 0.61 points up to stand 116.77.
FTSE NSE Kenya 25 Index closed 0.63 points up to stand at 119.44."
Just 3 points shy of 4000 points!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FUNKY wrote:"
Turnover up to KSh.388M from the previous session’s KSh.374M, the number of shares
traded stood at 17M against 28M posted yesterday.
The NSE 20 Share Index up 14.06 points to stand at 3997.00.
All Share Index (NASI) was up 0.72 points to stand at 87.85.
FTSE NSE Kenya 15 Index closed 0.61 points up to stand 116.77.
FTSE NSE Kenya 25 Index closed 0.63 points up to stand at 119.44."
Just 3 points shy of 4000 points!! KCB, ARM, Mpesa bank, BAT, Equity and other heavy weights need to move hard in order to crash past 4000 with aplomb. Otherwise 4000 still remains key resistance until 4200 is tested.
This week the buyers have slowed down.$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:KCB, ARM, Mpesa bank, BAT, Equity and other heavy weights need to move hard in order to crash past 4000 with aplomb. Otherwise 4000 still remains key resistance until 4200 is tested.
This week the buyers have slowed down. I sense a break out to 30bob on KCB! It will definitely lead the way over 4,000 on the 20 index! Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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The Bourse opened the week with a total of 10.9M shares valued at KShs.222M, up from KSh.167M on a volume of 10.7M shares posted last Friday.
The NSE 20 Share Index notched up a total of 34.47 points to stand at 4029.50
All Share Index (NASI) was up 0.18 points to stand at 87.89.
FTSE NSE Kenya 15 Index was up 0.18 points to stand at 116.65.
FTSE NSE Kenya 25 Index was up 0.17 points to stand at 119.42.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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FUNKY wrote:The Bourse opened the week with a total of 10.9M shares valued at KShs.222M, up from KSh.167M on a volume of 10.7M shares posted last Friday.
The NSE 20 Share Index notched up a total of 34.47 points to stand at 4029.50
All Share Index (NASI) was up 0.18 points to stand at 87.89.
FTSE NSE Kenya 15 Index was up 0.18 points to stand at 116.65.
FTSE NSE Kenya 25 Index was up 0.17 points to stand at 119.42.
This time it's real I hope and not another 'error'  GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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4000 taken, just like Kismayu. Hope its no error.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Confirmed by NSE site - 4029.50. Finally 4000 tested Let's see if by Dec 4200 will be smashed.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Its common phenomena for markets to slowdown from october but this one seems to defy this. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:Confirmed by NSE site - 4029.50. Finally 4000 tested Let's see if by Dec 4200 will be smashed.  Time to be fully invested, few buses remaining. Life is short. Live passionately.
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Index hits 16 month high with nothing much to celebrate on many counters...whats this black magic? "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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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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FUNKY wrote:http://af.reuters.com/article/kenyaNews/idAFL5E8LFJGJ20121015 So for 15 cool months the NSE remained below 4,000pts. That's a long time for bears to run the show! This calls for a celebration!! Unfortunately,no one can call tomorrow! @SufficientlyP
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mlennyma wrote:Index hits 16 month high with nothing much to celebrate on.. Sad to hear that as we made money some people were hiding in cocoons  just off the top of my head in 2012 1. safcom 2.8bob-4.10bob (46%) 2. equity 16bob-23bob (44%) 3. KCB 16bob-28bob (75%) 4. EABL 170bob-240bob (41%) 5. KK 9.9bob-14bob (41%) 6. Kenya re 5.83bob-12bob (105% including bonus) 7. etc etc etc etc... Where have you been? ama you are in losing counters?? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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election vs economy discussion http://www.standardmedia...=2000068533&pageNo=1The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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With only ARM, KGN and express down today. The index should make strong gains today. nb. How is express in the NSE 20????  The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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guru267 wrote:mlennyma wrote:Index hits 16 month high with nothing much to celebrate on.. Sad to hear that as we made money some people were hiding in cocoons just off the top of my head in 2012 1. safcom 2.8bob-4.10bob (46%) 2. equity 16bob-23bob (44%) 3. KCB 16bob-28bob (75%) 4. EABL 170bob-240bob (41%) 5. KK 9.9bob-14bob (41%) 6. Kenya re 5.83bob-12bob (105% including bonus) 7. etc etc etc etc... Where have you been? ama you are in losing counters?? But @guru there are aslo dips and suffering in the likes of HFCK, ICDC, AK,Coop NBK et all. it has not been rosy all the way Thieves
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How to tell NSE has bottomed out
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