The drop in prices is certainly welcome. It gives room for share prices to experience considerable increases down the line. In my view, certain sections of our market remain cheap on PE, DY basis with good future prospects and this will attract buyers sooner rather than later.

The tapering talk has jolted most emerging and frontier markets and as usual the NSE lags most international markets. Note that the former are already beginning to recover from the battering that they had experienced in the last few sessions. I guess the talk of the reintroduction of Capital Gains Tax has spooked our markets further.

I am however betting that this slide cannot continue for too long and I have my money ready to buy into counters such as KCB and Equity Bank.

@hisah, where does TA indicate to be the support levels for KCB, Equity and Safaricom?

I @15.20. From keshoz we know how smart that was.

RSI for index below 30.For most shares RSI is between 30-37.
Last bottom for the index is 4763.If it the floor isnt at 4760 i will be scared.

How low can it get ? Will waTCH the Market tomorrow and Wednesday then Make a decision for EQUITY,KCB,Kenya RE.Even HFCK has started feeling the heat

Who's selling?