Wazua
»
Investor
»
Stocks
»
How to tell NSE has bottomed out
Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
|
Buy kenya build kenya is what will reduce import bill and it starts with you; Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Ericsson wrote:Buy kenya build kenya is what will reduce import bill and it starts with you;
Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries I went to a supermarket yesterday to the clothes section. I was scandalized to see almost all the items are imported including socks and innerwear. what is more worrying is the fact if the CBK cuts its rate and most young people want to import their first probox and vitz, or ranger rover sports, then import furniture and fittings from china/Dubai. How many bags of tea and coffee does it take to import some of these items? When I left school the place to look for jobs was industrial area and the EPZ kitengela or doing merchandising in supermarkets and I don't see young guys doing that anymore. I don't see any serious effort on the part of govt to promote the export zones like used to happen. I see more of "tenderpreneurs" and people cutting deals which is quite worrying. How do you grow an economy on the services sector only or buying and selling real estate?
|
|
|
Rank: Elder Joined: 7/11/2012 Posts: 5,222
|
mkonomtupu wrote:Ericsson wrote:Buy kenya build kenya is what will reduce import bill and it starts with you;
Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries I went to a supermarket yesterday to the clothes section. I was scandalized to see almost all the items are imported including socks and innerwear. what is more worrying is the fact if the CBK cuts its rate and most young people want to import their first probox and vitz, or ranger rover sports, then import furniture and fittings from china/Dubai. How many bags of tea and coffee does it take to import some of these items? When I left school the place to look for jobs was industrial area and the EPZ kitengela or doing merchandising in supermarkets and I don't see young guys doing that anymore. I don't see any serious effort on the part of govt to promote the export zones like used to happen. I see more of "tenderpreneurs" and people cutting deals which is quite worrying. How do you grow an economy on the services sector only or buying and selling real estate? Blame it on our education system. Blame it on yourself. A good post would be 'I have noticed bla bla bla, during my days I did bla bla bla and to help this youngsters and ensure they don't end up robbing me, I am doing bla bla bla...'
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Mukiri wrote:mkonomtupu wrote:Ericsson wrote:Buy kenya build kenya is what will reduce import bill and it starts with you;
Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries I went to a supermarket yesterday to the clothes section. I was scandalized to see almost all the items are imported including socks and innerwear. what is more worrying is the fact if the CBK cuts its rate and most young people want to import their first probox and vitz, or ranger rover sports, then import furniture and fittings from china/Dubai. How many bags of tea and coffee does it take to import some of these items? When I left school the place to look for jobs was industrial area and the EPZ kitengela or doing merchandising in supermarkets and I don't see young guys doing that anymore. I don't see any serious effort on the part of govt to promote the export zones like used to happen. I see more of "tenderpreneurs" and people cutting deals which is quite worrying. How do you grow an economy on the services sector only or buying and selling real estate? Blame it on our education system. Blame it on yourself. A good post would be 'I have noticed bla bla bla, during my days I did bla bla bla and to help this youngsters and ensure they don't end up robbing me, I am doing bla bla bla...' @Mukiri, i already employ enough youngsters so i'm doing my part. I believe there is someone employed in govt to think through what I'm posting but I think they are sleeping on the job. Look at how obama is tackling the issue "Obama pledged to double exports, to $3.14 trillion in goods and services, by the end of 2014. Last year, they were a record $2.2 trillion, a 39 percent increase from 2009, when Obama took office, according to the Bureau of Economic Analysis." http://www.bloomberg.com...lumping-u-s-exports.html
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Mukiri wrote:mkonomtupu wrote:Ericsson wrote:Buy kenya build kenya is what will reduce import bill and it starts with you;
Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries I went to a supermarket yesterday to the clothes section. I was scandalized to see almost all the items are imported including socks and innerwear. what is more worrying is the fact if the CBK cuts its rate and most young people want to import their first probox and vitz, or ranger rover sports, then import furniture and fittings from china/Dubai. How many bags of tea and coffee does it take to import some of these items? When I left school the place to look for jobs was industrial area and the EPZ kitengela or doing merchandising in supermarkets and I don't see young guys doing that anymore. I don't see any serious effort on the part of govt to promote the export zones like used to happen. I see more of "tenderpreneurs" and people cutting deals which is quite worrying. How do you grow an economy on the services sector only or buying and selling real estate? Blame it on our education system. Blame it on yourself. A good post would be 'I have noticed bla bla bla, during my days I did bla bla bla and to help this youngsters and ensure they don't end up robbing me, I am doing bla bla bla...' @Mukiri, I have a ma3(infact 2) and I've employed 3 guys who are married hence I could be supporting.... Now I've to rely on an imported "Shark"! It's a circus!!! Rice yes we can buy from Mwea. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
|
Agricultural
Agricultural Sector accounted for 0.58% of the week’s traded volume. Sasini was the most heavily traded counter in this sector, with 669,000 shares changing hands at between Kes.12.35 and Kes.13.50.
Banking Sector
Banking Sector had 31M shares traded which 25.38% of the week’s traded volume. KCB actively moved 16.7M shares at between Kes.41.50 and Kes.42.50. Equity Bank down 3.13% to Kes.31.00 moved 9.9.M shares. Barclays Bank moved 1.6M shares and closed the week at Kes.17.65.
Commercial & Services
Commercial & Services Sector moved 6M shares, which accounted for 4.87% of the week’s traded volume. Uchumi Supermarkets down 3.66% to Kes.19.75 moved 2.8M shares. Kenya Airways moved 2.2M shares and closed at Kes.11.00.
Energy & Petroleum Sector
Energy & Petroleum Sector moved 2.8M shares, which accounted for 2.27% of the week’s traded volume. Kenya Power moved 1.2M shares during the week and closed at Kes.18.50.
Insurance Sector
The Insurance Sector had 4.9M shares traded and represented 3.94% of the week’s traded volume. CIC Insurance Group up 0.95% to Kes.5.30 moved 2.6M shares.
Manufacturing & Allied Sector
Manufacturing & Allied Sector moved 3.9M shares, which represented 3.20% of the week’s traded volume. EA Breweries actively moved 1M shares at between Kes.300.00 and Kes.325.00. Mumias Sugar down 2.11% to Kes.4.65 moved 2.5M shares. .
Telecommunicati on & Technology
Telecommunicati on & Technology had 72M shares traded and represented 58.01% of the week’s traded volume. Safaricom touched a high of Kes.7.20 and a low of Kes.6.65 on a volume of 69M shares. AceessKenya up 4.79% to Kes.9.85 moved 3M shares.
FIXED INCOME SECURITIES MARKET SEGMENT (FISMS).
BONDS
The Bond Market was upbeat, with bonds totaling to Kes.13.6bn transacted compared to Kes.7.6bn posted the previous week.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
@funky - thanks. I can see NSE is trying to be more informative on the weekly moves  NSE wrote:Turnover for the four-day trading week rose to Kes.2.38bn from the previous weeks Kes.1.69bn. The number of shares traded stood at 124M against 117M posted the previous week.
The NSE 20 Share Index was up 0.75% during the week to stand at 4821.17 points.
All Share Index (NASI) was up 2.26% during the week to settle at 120.06 points. NSE20 bouncing as per expectation and turning window (reversal resumption) is around May 15th. Mpesa bank had better hold its gains post results. EABL will offer a cushion if the bids continue north of 330. KCB goes exdiv on May 13th... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
mkonomtupu wrote:@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."
Cut rates to stimulate economy. it is still squeaking and slumped last year after that CBK credit squeeze.
Floatation infrastructure bonds as well as eurobond for development is highly required.
Form a bank for manufacturers to spur manufacturing.
Banks must finds ways to lend more for investment/development purpose rather than consumption.
Fiscal policies need to be well aligned with vision 2030 to promote development/investment than consumption.
KE current account deficit is not that bad as stated above, but needs to be managed. In eurozone KE would be best top 5 with the same! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
|
+1 though Kenya does not produce enough rice. Why don't we ditch maize (often imported from the USA, Zambia, Malawi) for what grows well in Kenya including cassava & arrow roots. We import grapes, apples & juices from South Africa. Oranges from Egypt. Instead of supporting EAC/Kenyan apple growers, bananas from Uganda, oranges from Tanzania, pineapples from Thika, etc Ericsson wrote:Buy kenya build kenya is what will reduce import bill and it starts with you;
Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 7/11/2012 Posts: 5,222
|
mkonomtupu wrote:Mukiri wrote:mkonomtupu wrote:Ericsson wrote:Buy kenya build kenya is what will reduce import bill and it starts with you;
Instead of buying at the supermarket rice imported from Pakistan,cooking oil from dubai buy the rice from mwea and cooking oil made by our local industries I went to a supermarket yesterday to the clothes section. I was scandalized to see almost all the items are imported including socks and innerwear. what is more worrying is the fact if the CBK cuts its rate and most young people want to import their first probox and vitz, or ranger rover sports, then import furniture and fittings from china/Dubai. How many bags of tea and coffee does it take to import some of these items? When I left school the place to look for jobs was industrial area and the EPZ kitengela or doing merchandising in supermarkets and I don't see young guys doing that anymore. I don't see any serious effort on the part of govt to promote the export zones like used to happen. I see more of "tenderpreneurs" and people cutting deals which is quite worrying. How do you grow an economy on the services sector only or buying and selling real estate? Blame it on our education system. Blame it on yourself. A good post would be 'I have noticed bla bla bla, during my days I did bla bla bla and to help this youngsters and ensure they don't end up robbing me, I am doing bla bla bla...' @Mukiri, i already employ enough youngsters so i'm doing my part. I believe there is someone employed in govt to think through what I'm posting but I think they are sleeping on the job. Look at how obama is tackling the issue "Obama pledged to double exports, to $3.14 trillion in goods and services, by the end of 2014. Last year, they were a record $2.2 trillion, a 39 percent increase from 2009, when Obama took office, according to the Bureau of Economic Analysis." http://www.bloomberg.com...umping-u-s-exports.html
Was just teasing. It's good that we now have producers at the helm to curtail abit of corruption. ie UHURUTO would want people buying their milk and milk products from brookside and maize from Eldoret so imports from China and GMOs will find abit of resistance. With a devolved Government too, imports will most probably target the cities. With counties yearning for increased income, production for sale to same cities will see competitive practices, behind scenes maneuvers etc It can only get better. It doesn't make sense buying an apple from SA or Egypt for 30/- when we have a Mr Wambugu in Nyeri. Main challenge is education. We need to get kids thinking. Make them shun employment. Maybe laptops is the way to go. Finally with railways resurrecting and a decreased rural-urban migration(devolved government), Ma3s might not be the way forward. Farming is the next cash cow... literary!
|
|
|
Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
|
we could reduce age limit for cars to 3 years and ban africasalihiya. I may be wrong..but then I could be right
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
youcan'tstopusnow wrote:Let's see what Prof. Ndung'u has to say on Monday...
Calling a Bullish 'laugh now, cry later' 150-200bps cut. As much as it is fun playing momentum, not wise being out the mkt too long.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
Cde Monomotapa wrote:youcan'tstopusnow wrote:Let's see what Prof. Ndung'u has to say on Monday...
Calling a Bullish 'laugh now, cry later' 150-200bps cut. As much as it is fun playing momentum, not wise being out the mkt too long. 50-100bps bruv!! Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
guru267 wrote:Cde Monomotapa wrote:youcan'tstopusnow wrote:Let's see what Prof. Ndung'u has to say on Monday...
Calling a Bullish 'laugh now, cry later' 150-200bps cut. As much as it is fun playing momentum, not wise being out the mkt too long. 50-100bps bruv!! We need excitement my dear but let us see.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Bank and stock market chief executives in Africa expect to record higher profit this year compared to last year, according to a recent survey by PricetwaterhouseCoopers (PwC). Nearly nine out of every 10 Kenyan CEOs interviewed were optimistic of growth, reflecting a confidence boost that came with peaceful conclusion of the General Election. The CEOs cited increased use of technology, favourable weather, cost cutting and regulatory reform as other crucial drivers of their performance this year. Expectations of improved performance in the financial sector also cut across Africa, the PwC report said. #Note > “When the economy is growing, the financial sector grows even faster,” http://www.businessdailyafrica....36/-/tw01nn/-/index.html
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Hey. Equity's Q1s are currently being released. Saw a live link on Twitter.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Kenya's Equity Bank says Q1 profit rises 21 pct | Reuters http://www.reuters.com/a...gs-idUSL6N0DN09X20130506
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
Now we wait for Simba! there is a wazuan who claims that they will post lower q1 numbers according to the "exchange bar" Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
MPC postpone to Tuesday, 7th.
|
|
|
Wazua
»
Investor
»
Stocks
»
How to tell NSE has bottomed out
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|