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How to tell NSE has bottomed out
Rank: Elder Joined: 3/19/2013 Posts: 2,552
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guru267 wrote:hisah wrote: Watching this one too. Final support @12.90 or 2009 GFC low... KK has nosedived, KQ, then MSC and now KPLC is looking similar. All on the back of heavy volumes. Should the NSE flip the bull trend, the above counters will be in a serious winter blitz... The NSE 20 looks set to under perform the All share index in the short term! 
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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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Rank: Member Joined: 8/16/2012 Posts: 660
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AUGUST 10-16, 2013
theeastafrican.co.keQuote:Only four months into his appointment, Mr Gichuki and the KAA board were engaged in a dispute over a key tender. The board responded by sending him on compulsory leave after he disregarded a board directive to cancel a $55 billion ($632 million) tender earlier awarded to two Chinese firms — An Hui Construction Engineering Group and China Aero-technology International Engineering Corporation — for the construction of a new terminal at the airport.
Mr Gichuki challenged the board in court, which ruled in his favour. His suspension was rescinded, and the authority received fresh instructions to deal with the Chinese firms. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Museveni wrote:AUGUST 10-16, 2013
theeastafrican.co.keQuote:Only four months into his appointment, Mr Gichuki and the KAA board were engaged in a dispute over a key tender. The board responded by sending him on compulsory leave after he disregarded a board directive to cancel a $55 billion ($632 million) tender earlier awarded to two Chinese firms — An Hui Construction Engineering Group and China Aero-technology International Engineering Corporation — for the construction of a new terminal at the airport.
Mr Gichuki challenged the board in court, which ruled in his favour. His suspension was rescinded, and the authority received fresh instructions to deal with the Chinese firms. His contract was coming to an end 23rd October 2013 and chaps are pulling stories of four months into his appointment! Nkt!! ... He needed to go following JKIA fire!!!
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Rank: Member Joined: 8/16/2012 Posts: 660
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mwekez@ji wrote:Museveni wrote:AUGUST 10-16, 2013
theeastafrican.co.keQuote:Only four months into his appointment, Mr Gichuki and the KAA board were engaged in a dispute over a key tender. The board responded by sending him on compulsory leave after he disregarded a board directive to cancel a $55 billion ($632 million) tender earlier awarded to two Chinese firms — An Hui Construction Engineering Group and China Aero-technology International Engineering Corporation — for the construction of a new terminal at the airport.
Mr Gichuki challenged the board in court, which ruled in his favour. His suspension was rescinded, and the authority received fresh instructions to deal with the Chinese firms. His contract was coming to an end 23rd October 2013 and chaps are pulling stories of four months into his appointment! Nkt!! ... He needed to go following JKIA fire!!! Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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So far Mpesa bank has broken out of 7.50 resistance. Member has also today broken the sideways action stuck at 32 - 34 range. KCB broke out of 41 - 43 range weeks back. Centum has also smashed the 24/- roof. ARM has also broken above 70. BAT, BBK, SCBK and Bamburi pressing the roof. NSE20 pending breakout as sideways action converges between 4750 - 4810. TA indicates upper bollinger band is set @4815 while the opposite is set @4774. FTSE NSE15/25 indices have all surpassed last month's close hinting bullish intent. The breakout is coming and likely direction as per above TA analysis is bullish... $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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Aguytrying wrote:@hisah. with most companies at one year/all time highs. are there any good(sound) companies to buy, not overvalued+cartoons in agreement. or is this the time to sit out of the market. oh I miss the bear. We are sooning going to reach that point where the nosediving stocks are the rosy flowers in the thorns thicket as bullish madness phase 2 starts again...
#MostHatedStocks$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Currently watching Dow getting smacked down 212points and counting ATM. Brent up at 110.81. Waiting to see how NSE responds to this kesho. @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:Currently watching Dow getting smacked down 212points and counting ATM. Brent up at 110.81. Waiting to see how NSE responds to this kesho. This brent thing is making me quite uncomfy esp on the inflation side and KES...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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hisah wrote:Sufficiently Philanga....thropic wrote:Currently watching Dow getting smacked down 212points and counting ATM. Brent up at 110.81. Waiting to see how NSE responds to this kesho. This brent thing is making me quite uncomfy esp on the inflation side and KES... Egyptians better sort themselves. @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Buoyed by sale of Nation Media group shares, turnover rose to Kes.8.8bn on a hefty tally on a volume of 173M shares, up from Kes.2.55bn on 83M shares posted the previous week. The NSE 20 Share Index was up 30.32 points during the week to stand at 4842.59. All Share Index (NASI) was up 0.18 points during the week to settle at 125.95 points. #Bulls won #Reading up up up's
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:Buoyed by sale of Nation Media group shares, turnover rose to Kes.8.8bn on a hefty tally on a volume of 173M shares, up from Kes.2.55bn on 83M shares posted the previous week. The NSE 20 Share Index was up 30.32 points during the week to stand at 4842.59. All Share Index (NASI) was up 0.18 points during the week to settle at 125.95 points. #Bulls won #Reading up up up's Bollinger band breakout as NSE20 breaks above 4814. Big caps (mpesa bank, member, simba etc) leading the charge...
Btw this break is on heavy turnover. September will be funky...$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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Is Mabati Rolling Mills selling OTC? Just seen their results on the NSE webpage "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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murchr wrote:Is Mabati Rolling Mills selling OTC? Just seen their results on the NSE webpage Not in OTC. ... MRM has two bonds trading at NSE (FR (MRM) 2008/8Yr and FXD (MRM) 2008/8Yr)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:mwekez@ji wrote:Buoyed by sale of Nation Media group shares, turnover rose to Kes.8.8bn on a hefty tally on a volume of 173M shares, up from Kes.2.55bn on 83M shares posted the previous week. The NSE 20 Share Index was up 30.32 points during the week to stand at 4842.59. All Share Index (NASI) was up 0.18 points during the week to settle at 125.95 points. #Bulls won #Reading up up up's Bollinger band breakout as NSE20 breaks above 4814. Big caps (mpesa bank, member, simba etc) leading the charge...
Btw this break is on heavy turnover. September will be funky... ;-) The Bull Market is in tact and headed higher
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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M&A deals see local law firms smile all the way to the bank - http://www.theeastafrica...2/-/5vwt8w/-/index.html
M&A deals are just getting warmed up. The entire EA is a hot bed... $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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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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The Bourse opened the week with a total of 31M shares valued at Kes.560M, down from Kes.1.17bn on a volume of 55M shares posted last Friday.
The NSE 20 Share Index was up 8.95 points to settle at 4851.54.
All Share Index (NASI) was up 0.26 points to stand at 126.21.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FUNKY wrote:The Bourse opened the week with a total of 31M shares valued at Kes.560M, down from Kes.1.17bn on a volume of 55M shares posted last Friday.
The NSE 20 Share Index was up 8.95 points to settle at 4851.54.
All Share Index (NASI) was up 0.26 points to stand at 126.21. Waiting for action in Sept as foreign trading desks in US & Europe get back to full action.
Quite a long thread this now on post 4000... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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