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How to tell NSE has bottomed out
Rank: Elder Joined: 3/19/2013 Posts: 2,552
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NSE wrote:Buoyed by solid volumes, turnover soared to Kes.1.09bn on a hefty tally of 76M shares, up from Kes.495M on 19M shares posted yesterday.
The NSE 20 Share Index was up 3.97 points to stand at 4705.19.
All Share Index (NASI) closed 0.84 points higher to stand at 119.62.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Interesting day ahead.Financials take the lead.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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symbols wrote:Interesting day ahead.Financials take the lead. Yeah, Britak, Equity and KCB demand vs. supply looking real healthy. FTSE Indices already racing ahead 2%. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:symbols wrote:Interesting day ahead.Financials take the lead. Yeah, Britak, Equity and KCB demand vs. supply looking real healthy. FTSE Indices already racing ahead 2%. The high demand volumes are speaking volumes 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:youcan'tstopusnow wrote:symbols wrote:Interesting day ahead.Financials take the lead. Yeah, Britak, Equity and KCB demand vs. supply looking real healthy. FTSE Indices already racing ahead 2%. The high demand volumes are speaking volumes possunt quia posse videntur
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mwekez@ji wrote:youcan'tstopusnow wrote:symbols wrote:Interesting day ahead.Financials take the lead. Yeah, Britak, Equity and KCB demand vs. supply looking real healthy. FTSE Indices already racing ahead 2%. The high demand volumes are speaking volumes Demand is good in some counters but they need to start making trades.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:mwekez@ji wrote:youcan'tstopusnow wrote:symbols wrote:Interesting day ahead.Financials take the lead. Yeah, Britak, Equity and KCB demand vs. supply looking real healthy. FTSE Indices already racing ahead 2%. The high demand volumes are speaking volumes Demand is good in some counters but they need to start making trades. Equity & KCB are trading, KES 39.63M and KES 52.31M turnover respectively so far. As usual, in afternoon, trading races to high speed gear
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE wrote:Turnover declined to Kes.811M from the previous session’s Kes.1.09bn, the number of shares
traded stood at 69M against 76M posted yesterday.
The NSE 20 Share Index closed 0.17% higher to stand at 4713.39 points.
All Share Index (NASI) was up 0.71 points to stand at 120.33.
The bounce is weak and I still see scope of 4700 breaking down to fill that gap between 4600 - 4700. $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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Rich Today wrote:The Big Event were comments from Ben Bernanke yesterday where he signalled that QE3 might will end in 2014.
Predictably, His Comments roiled Global Markets, with the Dollar rallying sharply, Gold broke down through $1,300.00 and the Likes of the India Rupee sank to all time Lows, the Rand is at March 2009 Lows.
The Frontier is seen as the least correlated to Developed Markets and This Thesis is set to be tested over the next few weeks.
The adjustment [and US and Japan 10 Year Yields are worth watching] might well be disorderly if not violent.
The Nairobi All Share improved for the 2nd Consecutive Session and this is after a 9 Session losing Streak.
The All Share firmed 0.595% to close at 120.33.
The All Share is +26.85% in 2013 and 6.691% below its 22nd May Multi Year Closing High.
The Nairobi NSE20 improved 8.2 points to close at 4713.39.
The Nairobi NSE20 is +14.033% and has corrected 293 points since the 31st of May.
Equity Turnover was brisk at 811.243m and that makes it 1.909b over the last 2 Sessions which is material.
The Banks and Insurance Companies were strong today.
i remain of the View that the UpGrade of the Macro Economy and a steepening of the GDP Trajectory justifies higher Equity Prices.
ditto
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Real bounce or a dead cat bounce? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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ARM chief buys new shares after Sh5.7bn heritage  The managing director of ARM Cement Pradeep Paunrana has for the first time bought additional shares in the Nairobi bourse-listed firm since he inherited an 18 per cent stake in 2011. Filings with the Capital Markets Authority (CMA) show that Paunrana’s stake increased to 18.2 per cent in March, pushing the worth of his direct stake to Sh5.81 billion. He bought nearly half a million shares currently worth Sh29.5 million within the three months to March. Mr Paunrana’s move is seen as a vote of confidence in the cement firm whose share at the Nairobi Securities Exchange (NSE) has gained 62 per cent over the past year to stand at Sh64.50. http://www.businessdailyafrica....88/-/dqj8kw/-/index.html
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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sbg securities/cfc today wrote:Context for upside: In our pre-election strategy update on Kenya (cf. Value beyond the noise, published 19 February 2003), we argued for upside in Kenyan equities driven by liquidity from falling yields, asset allocation and a gradual return to economic growth. To us, these drivers remain part and parcel of our outlook on the NSE in particular, where we see levels of 5,700-6,200 by year end 2013. (cf. Africa Markets Revealed, May 2013). #Interesting ... Anybody with the report titled "Africa Markets Revealed" dated May 2013, pls share
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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At 6000 whats the price prediction on some counters?eabl 600,safcom 8.50,equity 55,coop25,kcb 56,bat700,hfck 48 ,cfc bank 105 ngai!! "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mlennyma wrote:At 6000 whats the price prediction on some counters?eabl 600,safcom 8.50,equity 55,coop25,kcb 56,bat700,hfck 48 ,cfc bank 105 ngai!! Scangroup and C&G
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:sbg securities/cfc today wrote:Context for upside: In our pre-election strategy update on Kenya (cf. Value beyond the noise, published 19 February 2003), we argued for upside in Kenyan equities driven by liquidity from falling yields, asset allocation and a gradual return to economic growth. To us, these drivers remain part and parcel of our outlook on the NSE in particular, where we see levels of 5,700-6,200 by year end 2013. (cf. Africa Markets Revealed, May 2013). #Interesting ... Anybody with the report titled "Africa Markets Revealed" dated May 2013, pls share Surely isnt this far fetched... possunt quia posse videntur
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Last time NSE printed 6K the mkt came a-tumbling down! Hehe..Kazi Iendelee..no, now it's #Tukopamoja
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Cde Monomotapa wrote:Last time NSE printed 6K the mkt came a-tumbling down! Hehe..Kazi Iendelee..no, now it's #Tukopamoja #Tunaweza, #LetsMove! The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FTSE NSE KE indices end the week flat. Today's close shows where the market wants to be next week. The bounce is still weak and nothing to get excited about, selling to continue... FTSE NSE 15 - Friday June 21 2013  $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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Active topics in the stocks section - Laminate Floor - Looking for CREDIBLE land seller in Emali - Nairobi Furnished Apartments for Sale - Looking for Syokimau Plots - Residential - Building a house with Prefabricated concrete Wall Yep, the market is in a selling mood... And the admin has also fallen asleep... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hisah wrote:Active topics in the stocks section
- Laminate Floor
- Looking for CREDIBLE land seller in Emali
- Nairobi Furnished Apartments for Sale
- Looking for Syokimau Plots - Residential
- Building a house with Prefabricated concrete Wall
Yep, the market is in a selling mood... And the admin has also fallen asleep... he he noticed that too...dead as a dodo possunt quia posse videntur
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