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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Its soo cold in NBO. Also in wazua. Where are discussions 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FTSE NSE indices have been in a congestion since July 16. Today the bulls seem to want to resolve this fight. In order to breakout out of this boring consolidation, the indices need to break above last Friday's close. This will ensure a bully close of July and make August a bull month with the challenge being the 2013 high set back in May. On NSE20 I'm watching 4850 - 4950 levels. If bulls are to become agressive, that range must be broken otherwise it's back to boring action (range bound trading 4500 - 4900). At some point the range must break either down or up... Best thing though is the euphoria gaps have been filled  $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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mwekez@ji wrote:Its soo cold in NBO. Also in wazua. Where are discussions Copy that. Even the action at the exchange for the last friday of the month is against the trend. Grinding to a halt...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:mwekez@ji wrote:Its soo cold in NBO. Also in wazua. Where are discussions Copy that. Even the action at the exchange for the last friday of the month is against the trend. Grinding to a halt... Earnings season has yet to hit fever pitch. HFCK wametuonjesha tu! Folks will be back when the earnings dam breaks. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rich Today wrote:Safaricom rallied 1.418% to close at 7.15 and was trading at session highs of 7.30 +3.55% at the Finish Line. Safaricom traded 1.336m shares and There was Buy Side Demand for 1277% more shares than were during the Session. 7.00 is a Line in the Sand that Buyers are defending in numbers. Safaricom is +41.584% in 2013 and I expect a 9.00 Print this Year. #SafariBull #BellWetherStock
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Week on week, turnover declined to Kes.1.8bn from Kes.2.6bn posted the previous week, the number of shares traded stood at 97M against 150M the previous week.
The NSE 20 Share Index was up 5.33 points during the week to stand at 4801.63 points. All Share Index (NASI) was up 0.49 points during the week to settle at 123.71 points.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FUNKY wrote:Week on week, turnover declined to Kes.1.8bn from Kes.2.6bn posted the previous week, the number of shares traded stood at 97M against 150M the previous week.
The NSE 20 Share Index was up 5.33 points during the week to stand at 4801.63 points. All Share Index (NASI) was up 0.49 points during the week to settle at 123.71 points. Bull vs bear not letying go. I had expected the index to close sub 4800 this week which it briefly tested intra week.
All indices are now stuck in a very tight range for the last 2 weeks. A large move is in the offing to resolve this congestion/consolidation/ranging. Half yr results siding with bulls, but bears have proved to be solid by putting a strong 5000 barrier...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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FUNKY wrote:http://www.businessdailyafrica.com/Corporate-News/-/539550/1927734/-/115j5kw/-/index.html Talk of being sufficiently philanthropic! @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:FUNKY wrote:http://www.businessdailyafrica.com/Corporate-News/-/539550/1927734/-/115j5kw/-/index.html Talk of being sufficiently philanthropic! Indeed! Sufficiently Philanthropic!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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NSE wrote:The Bourse opened the week with a total of 16.5M shares valued at Kes.282M, up from Kes.208M on a volume of 8M shares posted last Friday.
The NSE 20 Share Index shed 7.81 points to stand at 4793.82
All Share Index (NASI) was down 0.48 points to stand at 123.23. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Africa Buyout FrenzyThe recent flurry of buy outs confirms the bull market has legs and is now broadening out.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenya has cut clearing time for a commercial bank cheque to one day from two to reduce the costs of doing business and to fend off growing competition from mobile phone-based payment systems that operate in real time. The east African nation accounts for half of all the money sent across mobile phone networks in the world per day, thanks to the M-Pesa service, offered by telecoms operator Safaricom . "This is part of a multiple strategy to be able to allow money to flow," Jeremy Awori, chairman of the Kenya Bankers Association, said of the move to cut cheque clearance times. "If we have more of this non-cash moving around and we reduce the amount of cash that is used for payments, it will help the economy grow faster," he told a news conference. http://www.reuters.com/article/...es-idUSL6N0G12UG20130731
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nairob Securities Exchange wrote:Turnover declined to Kes.391M from the previous session’s Kes.591M, the number of shares
traded stood at 22.3M against 22.6M posted yesterday.
The NSE 20 Share Index shed 9.41 points to stand at 4787.56.
All Share Index (NASI) was down 0.77 points to stand at 122.86. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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@murchr its good you have taken the job of updating the nse daily performance seriously. kudos "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mwekez@ji wrote:Kenya has cut clearing time for a commercial bank cheque to one day from two to reduce the costs of doing business and to fend off growing competition from mobile phone-based payment systems that operate in real time. The east African nation accounts for half of all the money sent across mobile phone networks in the world per day, thanks to the M-Pesa service, offered by telecoms operator Safaricom . "This is part of a multiple strategy to be able to allow money to flow," Jeremy Awori, chairman of the Kenya Bankers Association, said of the move to cut cheque clearance times. "If we have more of this non-cash moving around and we reduce the amount of cash that is used for payments, it will help the economy grow faster," he told a news conference. http://www.reuters.com/article/...es-idUSL6N0G12UG20130731 Amazing what can come out of competition.. Now what we need is legislation that checks unfair business practices eg monopoly. With the levels of corruption in our country, such legislation will go a long way to enhance Kenya's development
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Nairob Securities Exchange wrote:Turnover declined to Kes.391M from the previous session’s Kes.591M, the number of shares
traded stood at 22.3M against 22.6M posted yesterday.
The NSE 20 Share Index shed 9.41 points to stand at 4787.56.
All Share Index (NASI) was down 0.77 points to stand at 122.86. This is how I see it. NSE20 fails to reclaim 4800 handle on rebound as July closes. August will be key as the range tightens. Sept & Oct the range breaks up or down... The more time the index spends chopping (sideways) at the resistance level without powering up, harder it'll fall when sellers become desperate. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nairobi Securities Exchange wrote:Some 17M shares valued at Kes.298M were traded in 1,400 deals, down from 22M shares that were valued at Kes.391M posted the previous session.
The NSE 20 Share Index shed 6.16 points to settle at 4781.40.
All Share Index (NASI) edged up 0.17 points to stand at 123.03. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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