The Nairobi NSE20 Index firmed 0.483% to close at 4788.26.
The Nairobi NSE20 is +15.848% and will regain the 5,000 Level in reasonably short order.
We have been in a Bull Market since May 2012 and we have just exited a Corrective Phase.
The Rate Cut in Europe and the Continued QE in the US plus Abenomics will continue to push Liquidity into Africa.
This coupled with a DeRisking of Kenya Post the Peaceful Election mean this Market Rally has real Legs and I expect a further 20-25% Rally in the Indices through Year End.
We remain in a Sweet Spot. #Rich view

@hisah, I've just read this from the NIC chairman's report, what does this mean going forward, can you just cut rates to stimulate more imports doesn't make sense

"On a cautionary note, a key threat to this growth is the spiraling current account deficit that stood at U.s. Dollars 4.5 billion (13%
of GDP) in December 2012. This deficit level is one of the highest in the world. Bold policy actions need to be taken urgently to
strengthen Kenya’s export engine and reduce the country’s reliance on imports that also leaves it vulnerable to unpredictable
exchange rate movements."

Hmmmm,rates are cuts and kshs is better more imports but agriculture and tourism is not so good.