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How to tell NSE has bottomed out
hisah
#2411 Posted : Tuesday, February 26, 2013 2:08:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
KCB definitely will test 40/- by tomorrow as announcement deadline approaches. Turnover stands at 242M from 6M shares traded so far.

Meanwhile all is quiet at mpesa bank corner, but it is coiling up silently and when the upthrust comes, I expect 6/- to give way.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#2412 Posted : Tuesday, February 26, 2013 3:38:40 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Disjointed patterns at NBK still but glaring today...1st 3 trades at 18 (2,700 units) then boom! 141.1K units at 16.50. A steady rise again to a last trade at 17.50. SMH... I wonder.
murchr
#2413 Posted : Tuesday, February 26, 2013 3:58:58 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Seems like the bourse was not eventful today
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
FUNKY
#2414 Posted : Tuesday, February 26, 2013 4:34:55 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Turnover declined to Kes.595M from the previous session’s Kes.1.16bn, the number of shares
traded stood at 18M against 15M posted yesterday.

The NSE 20 Share Index edged up 5.54 points to stand at 4469.19.
All Share Index (NASI) closed 0.27 points higher to stand at 105.19.
...
FTSE NSE Kenya 15 Index was up 1.27 points to stand at 138.77.
FTSE NSE Kenya 25 Index was up 1.20 points to stand at 141.83.
Aguytrying
#2415 Posted : Tuesday, February 26, 2013 5:11:23 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Disjointed patterns at NBK still but glaring today...1st 3 trades at 18 (2,700 units) then boom! 141.1K units at 16.50. A steady rise again to a last trade at 17.50. SMH... I wonder.


Since the market has cashed me out. I'm going to try and get some at 16.50 . At this price I feel more comfy to speculate
The investor's chief problem - and even his worst enemy - is likely to be himself
ChessMaster
#2416 Posted : Tuesday, February 26, 2013 5:12:39 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
murchr wrote:
Seems like the bourse was not eventful today


I don't think so.

@CDE - And a last minute rush of several counters.Tomorrow morning will illuminate more on what's happening.
Uncertainty is certain.Let go
hisah
#2417 Posted : Tuesday, February 26, 2013 5:14:47 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
After the hard selling on AK it managed to bounce intraday after trading @5.65 and edged up to 5.95 by close of trading. 5.50-5.80 range is support for now as supply is diminishing.

@cde - hiyo NBK, caution... That large trade (in case of NBK avg daily volume 141K is oversize) @16.50 forced the price VWAP to slice down hard to close @16.60. Despite the bond repair coz of CBR cuts, loan book don't look very good. I like it as a GoK bank since mining revenue will seep here at some point, but it has to many skeletons that need to be cleaned out before it's a comfy counter. I hope the new mgmt sorts it out. It could become another KCB, but smaller in size when efficiency works its magic on it.

KCB closed at @39.25 a new all time high with turnover touching 333M (8.45M shares).

KK looks like a classic bull trap. In a few weeks we will know whether 12.50 will stand.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
ChessMaster
#2418 Posted : Tuesday, February 26, 2013 5:21:34 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
hisah wrote:
After the hard selling on AK it managed to bounce intraday after trading @5.65 and edged up to 5.95 by close of trading. 5.50-5.80 range is support for now as supply is diminishing.



I find AK to be somewhat of a laggard but if today is any indication of the future it will surely bounce back because I don't see what has changed in this share.

Tomorrow I want to see if Cables will touch 15.
Uncertainty is certain.Let go
Cde Monomotapa
#2419 Posted : Tuesday, February 26, 2013 5:52:55 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@hisah hehe..mambo dicey only the results (woes sector wide: sympathy) and new management guidance (every man for self) esp. will cut direction for NBK near-term. Let's see.
Aguytrying
#2420 Posted : Tuesday, February 26, 2013 6:06:05 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@classmater.you seem to be having a field day on nse at the moment .

@hisah. Surely at 16.50 the skeletons are factore in. If it slices past 16.00 where would Sad it be going. Unless huge scary skeletons.
The investor's chief problem - and even his worst enemy - is likely to be himself
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