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How to tell NSE has bottomed out
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hisah
#2341 Posted : Thursday, February 21, 2013 10:49:49 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
MSC looks ripe for capitulation in coming days...

KK closely behind.

How low will they go after that snap breakdown.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ChessMaster
#2342 Posted : Thursday, February 21, 2013 11:24:44 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
hisah wrote:
ChessMaster wrote:
guru267 wrote:
mwekez@ji wrote:
holycow wrote:
The political scene seems to be spooking the market. So who were the sellers in the past 3 days?


Sellers are locals. Foreigners continue to show confidence in our market by remaining in the buy side.


Maybe this is the reason for the sudden selling!

www.bbc.co.uk/news/world-africa-21519868


Thats not nice.Fuelling the flame but I guess the media has to do what the media has to do.

Fever pitch politics. The market is playing this condition at the moment.

Need more fear flood to shakeout weak hands as hard as possible in solid bluechips.

MSCI KE index is playing out as expected. Will be oversold by election time as fear hits climax. Then there'll be another round of volume spikes.

Market manipulation is very interesting smile


I agree.If the bluechips get hit hard it might get very interesting.
Uncertainty is certain.Let go
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hisah
#2343 Posted : Thursday, February 21, 2013 12:08:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ding ding - europe opens and from the scope of things after the US Fed FOMC minutes, which showed a number of them hint at a QE handbrake, it has been red from US session into asia and europe is equally poised to selloff hard (pre-open most euro indices are 1% plus down). With the USD index having reclaimed 81.00 handle the weekly chart is now bullish and looks poised to reclaim 82.00! This means global equities at multi year highs while some at pre GFC highs are at risk of reversal during this risk aversion period, which feels like 2011 all over again! Let's see if those sell orders will check in at the NSE by afternoon. If europe does selloff hard, I think the NSE will selloff hard too. My main interest is the MXKE as well FTSE. FTSE100 looks poised to crash 1.5 - 1.8% down by end of day.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, February 21, 2013 12:27 PM | Reason: Not specified
Cde Monomotapa
#2344 Posted : Thursday, February 21, 2013 1:36:18 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@hisah I've always thought foreign investors also learned from 2011 not to jump from the frying pan & into the fire, and my bet's been we'll get even more SSA allocations. I mean, our fundamentals check out, prospects rosy & the global sentiment's in favor. What else Odiero? Follow the SSA crowd! (de-coupling) Let's see...
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  | | Edit by user: Thursday, February 21, 2013 1:42 PM | Reason: Not specified
ChessMaster
#2345 Posted : Thursday, February 21, 2013 3:17:44 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Not the best of days but the market looked upbeat today.Lets see how it closes tomorrow.
Uncertainty is certain.Let go
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techboy
#2346 Posted : Thursday, February 21, 2013 3:39:40 PM
Rank: User

Joined: 6/18/2009
Posts: 271
ChessMaster wrote:
Not the best of days but the market looked upbeat today.Lets see how it closes tomorrow.


what are the closing figures for the index ?
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hisah
#2347 Posted : Thursday, February 21, 2013 4:32:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE wrote:
Buoyed by the sale of EA Breweries shares, turnover rose to Kes.876M on a volume of 28M shares, up from Kes.805M on 75M shares posted yesterday.

The NSE 20 Share Index closed 2.83 points higher to stand at 4505.59.
All share Index (NASI) edged up 0.26 points to stand at 105.39.

FTSE NSE Kenya 15 Index shed 0.07 points to stand at 137.09.
FTSE NSE Kenya 25 remained unchanged to stand at 140.05 points.


4500 providing support and today NSE20 bounced reversing the slide. EABL bounced too while KCB testing below 36/- attracted demand as supply gets absorbed. KCB still in focus pre announcement.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ChessMaster
#2348 Posted : Thursday, February 21, 2013 6:09:15 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
techboy wrote:
ChessMaster wrote:
Not the best of days but the market looked upbeat today.Lets see how it closes tomorrow.


what are the closing figures for the index ?


hisah has provided them
Uncertainty is certain.Let go
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hisah
#2349 Posted : Thursday, February 21, 2013 7:03:49 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
@hisah I've always thought foreign investors also learned from 2011 not to jump from the frying pan & into the fire, and my bet's been we'll get even more SSA allocations. I mean, our fundamentals check out, prospects rosy & the global sentiment's in favor. What else Odiero? Follow the SSA crowd! (de-coupling) Let's see...

True there is some partial decoupling. However all market operate on greed & fear. Shaking a market to pick ripe bluechips on the cheap is a usual occurence when global headwinds start blowing. The positive on the headwinds is the smashing of oil prices.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#2350 Posted : Thursday, February 21, 2013 7:19:12 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
@hisah I've always thought foreign investors also learned from 2011 not to jump from the frying pan & into the fire, and my bet's been we'll get even more SSA allocations. I mean, our fundamentals check out, prospects rosy & the global sentiment's in favor. What else Odiero? Follow the SSA crowd! (de-coupling) Let's see...

True there is some partial decoupling. However all market operate on greed & fear. Shaking a market to pick ripe bluechips on the cheap is a usual occurence when global headwinds start blowing. The positive on the headwinds is the smashing of oil prices.

Sasawaz. Soon-soon it'll be like when China was a growth point on its own & then others. We have to be a part of that.
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