KK VWAP closes @10.85 as the dead cat bounce fades. Now waiting for MSC and KQ to follow suit.
Today Mpesa bank and EABL dominated trading sharing the turnover 111M and 129M respectivily. Having traded a high of 6.50 on volume fumes as the euphoria heated up last week, it is likely that that high will be revisited in the next orderly upleg. Volume today was anaemic across several counters with demand slowly returning after the 3 day selloff from the euphoria high.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!