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How to tell NSE has bottomed out
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FUNKY
#2611 Posted : Monday, March 11, 2013 4:42:24 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Buoyed by robust trading, the bourse opened the week on a high note with a total of 33M shares valued at Kes.658M transacted against Kes.405M on 17M shares posted last Friday.

The NSE 20 Share Index gained significantly by 137.70 points or 2.96% to stand at 4796.33.
All Share Index (NASI) was up 3.58 points to stand at 115.37.
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hisah
#2612 Posted : Monday, March 11, 2013 4:55:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Oh, I can see youcant, funky and myself were eagerly waiting for the NSE update smile

With the index closing @4796 it has broken above 4701 (OCt 26 2010 high) as well as 4778 (Aug 21 2008 high).

At this level NSE20 is back at 5yr highs - it is back in 2008 and focus shifts to 5000 which is within striking distance!?!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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FUNKY
#2613 Posted : Monday, March 11, 2013 4:56:06 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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hisah
#2614 Posted : Monday, March 11, 2013 4:58:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
FUNKY wrote:
http://www.theeastafrican.co.ke/business/Poor-rainfall-in-Kenya-to-affect-earnings-from-agriculture/-/2560/1715694/-/8n2q0l/-/index.html

I fear for agri stocks. Strong KES with commodities poor performance is bad enough a cocktail esp for those with coffee only.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#2615 Posted : Monday, March 11, 2013 7:37:34 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Oh, I can see youcant, funky and myself were eagerly waiting for the NSE update smile

With the index closing @4796 it has broken above 4701 (OCt 26 2010 high) as well as 4778 (Aug 21 2008 high).

At this level NSE20 is back at 5yr highs - it is back in 2008 and focus shifts to 5000 which is within striking distance!?!


me too. 137 points. santa maria!! up up and away
The investor's chief problem - and even his worst enemy - is likely to be himself
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obiero
#2616 Posted : Monday, March 11, 2013 8:19:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,323
Location: nairobi
@stocksmaster needs to come out with a statement
COOP, IMH, KEGN, KQ, MTNU
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ChessMaster
#2617 Posted : Tuesday, March 12, 2013 6:39:43 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Why analysts shouldn't be investors
Uncertainty is certain.Let go
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hisah
#2618 Posted : Tuesday, March 12, 2013 7:43:31 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Inflation rebound as well as fx reserves at low threshold means MPC will not cut CBR today despite the econ needing stimulus. Tough call for them... The next national budget will confirm if NSE closes the year around 5000 or above. Any CBR hike could send equities down at this stage.

http://www.businessdaily...36/-/hyxhmg/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#2619 Posted : Tuesday, March 12, 2013 9:30:37 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
#panic buying on the nse day 2.
3 stocks a bought long time ago gained more than 8 % touching intra day ceiling yesterday. HF, CFCI AND WILLIAMSON. Will the same happen today? I sure hope so. Time to reap.

#making money 2013
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#2620 Posted : Tuesday, March 12, 2013 9:43:37 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The cowards sold and kept their money,but money now is not king,the mongolia episode begins and everyday millionaires are being created...just hold somewhere even if its the tail coz the drama is here to stay.
"Don't let the fear of losing be greater than the excitement of winning."
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570 Pages«<260261262263264>»
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