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How to tell NSE has bottomed out
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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NSE-20 share index was up 23.18 points to close at 4978.79 The NASI edged up 0.23 points to 126.75 On a weekly basis, the NSE-20 and NASI were up 1.84% and 3.45% respectively. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Still keeping an eye on this for more accurate foreign trade behaviour... MSCI KE index  Btw I stopped posting MSCI stats after Bloomberg decided to move it to their professional product side. Seems someone is observing wazua  Foreigners wamekataa mambo ya discounts... Broken down 1500 with a huge breakout...
This tide is keeping crap afloat as can be seen on paka and OHL. Another crap is SGL.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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cnn wrote:EABL touches 400 snuffing all the supply at this price today,something more than beer is brewing here! I can see @the deal is also wondering WTH is up with EABL via Bloomberg.
The chart is shaping up like bralirwa and this thing could continue melting up to wild levels. This foreign bid pressure is not fundamental based.
The 40 plus P/Es are making a come back while the econ is still trailing. 2006 P/Es but lagging econ... Will the econ recover fast enough to reset these P/Es on some bluechips like ARM, Mpesa bank, EABL etc?
http://www.bloomberg.com...ally-nairobi-mover.html $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Professionals vs wanjikus. Very nice article this - http://www.zerohedge.com...ld-fear-money-sidelines Quote:
The good news for the professionals is that many
amateurs persist in trying to beat the market and,
in aggregate, they seem to do a significantly worse
job than the professionals.
In short, amateurs may be able to beat the
investment professionals, but most do far worse.
This keeps professional investors in business.
To put it simply, if the market is not fed losers, it'll collapse. This is why ponzi scheme fail since no losers exist. Money is a scarce commodity and not all can benefit from the same. To maintain balance there must be winners and losers. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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hisah wrote:cnn wrote:EABL touches 400 snuffing all the supply at this price today,something more than beer is brewing here! I can see @the deal is also wondering WTH is up with EABL via Bloomberg.
The chart is shaping up like bralirwa and this thing could continue melting up to wild levels. This foreign bid pressure is not fundamental based.
The 40 plus P/Es are making a come back while the econ is still trailing. 2006 P/Es but lagging econ... Will the econ recover fast enough to reset these P/Es on some bluechips like ARM, Mpesa bank, EABL etc?
http://www.bloomberg.com...ally-nairobi-mover.html In America with their market indices setting consecutive all time highs questions have been raised as to whether the fundamentals back the rallies....some have just gone,'do not fight the Fed' Locally i would say 'do not fight the foreign bid pressure'.If they target a stock it appears the sky is the limit,Scangroup,BAT(this would have risen to past 600 were it not for the foreign ownership limit being reached) and now EABL. Where will their interests turn to next?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The BATZ stock on the ZSE is now @810USc = KES.680. A stock @150USc looked very costly the other day so I concur with @cnn - don't fight the foreign bids.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:.... I concur with @cnn - don't fight the foreign bids. ... I too concur. With these foreign bids, in the banking sector, Equity, KCB & Coop share prices will continue to surprise the market. CFC looks attractive but the foreigners cannot buy because they have already hit the maximum allowed shareholding threshold, and if they decide to sell to locals i wonder how the huge supply will be treated by market
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Keep watching... The JPM aka the morgue has landed. http://www.businessdaily...8/-/vwlqcd/-/index.html
Quote:It joins a growing list of large international banks that have set base in Kenya seeking to profit from big-ticket infrastructure and oil transaction deals being undertaken in the region.
A representative office has mandate to sign financing deals for its parent company, but is not allowed to collect deposits from the public.
Kenya is regarded as a commercial and infrastructural hub in East Africa with the ability to carry out long-term projects,” said Lloyd Muposhi, chief representative officer at FirstRand Bank in an article published on Friday in the Business Daily.
At some point a mongolia happened aka a multi year boom or equities melt up. Looking forward to that period. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Foreign bid pressure on the verge of taking over member - http://www.businessdaily...-/12b8gykz/-/index.html
KE on sale...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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The Bourse opened the week with a total of 8.5M shares valued at Kes.126M, down from Kes.458M on a volume of 19M shares posted last Friday.
The NSE 20 Share Index shed 18.49 points to stand at 4960.30.
All Share Index (NASI) eased 0.03 points to stand at 126.72
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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EABL melt up continues. Trades @410. Next aim 500!? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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My concern still remains that 5000 remains a stubborn barrier while bluechips print all time highs. That divergence is not comfy at all. Either the index breaks above or the chips fall off... I'm monitoring this very closely. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:V/interesting ~JPM
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:EABL melt up continues. Trades @410. Next aim 500!? This is surely madness, and the 500 will surely come. And safcom now chasing 8.00 after strong demand returning today! This bodes well for the other listed NSE stocks in my opinion. BTW KE investors are being bought out by foreigners, its happening under our noses. Siuzi anything i hold for now! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 4/25/2012 Posts: 110
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Aguytrying wrote:hisah wrote:EABL melt up continues. Trades @410. Next aim 500!? This is surely madness, and the 500 will surely come. And safcom now chasing 8.00 after strong demand returning today! This bodes well for the other listed NSE stocks in my opinion. BTW KE investors are being bought out by foreigners, its happening under our noses. Siuzi anything i hold for now! Foreign activity has also caught my eyes, until many more Kenyans are ready to buy a share of our companies to the level that it will be appropriate to reduce the foreign quota, lets just share the spoils with the foreigners. There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Asia Ends Mixed; Bernanke in Focus---http://www.cnbc.com/id/100752353 Europe Lower on Fed Fears; FTSE Hits New High---http://www.cnbc.com/id/100752762 US Futures Point Down as Investors Await Fed---http://www.cnbc.com/id/100753268 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I hear one of the dyer and Blair servers crashed so no online trading!  Looks like we will have low volumes today given D&Bs market share! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 9/18/2006 Posts: 131
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guru267 wrote:I hear one of the dyer and Blair servers crashed so no online trading! Looks like we will have low volumes today given D&Bs market share! Only about 100m worth has traded and it is around 11:30. ION, i am setting my EABL exit at 520. Let's how long it takes to get there!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:I hear one of the dyer and Blair servers crashed so no online trading! Looks like we will have low volumes today given D&Bs market share! >What D&Bs market share? >Whats the frequency of their market research reports (daily, weekly, on material announcements) >Whats the quality of the market research reports?
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