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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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cnn wrote:Metasploit wrote:@Mwekezaji
Kindly inform on todays % foreign buy and sale on Safaricom.
Many thanks! It was a net 3% sell off by foreigners on this high volume day. Foreign sales; 98.7% Foreign buys; 95.3% Price was bullish; +2% ... Cheers
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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For the past week,Normal volumes traded on JSE,Nigerian exchange,Brazi exchange etc etc.. Trying to see how FED's Mid sept meeting will affect the global indices
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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EOM (end of month) today as Aug comes to a close. Waiting to see how NSE closes the month. So far the FTSE NSE indices have reversed the month's gains with big volume showing up... Sept will definitely confirm the direction of the market. Mpesa bank exdiv is 2 weeks away. Line in the sand is 6.50. EABL already at critical support level; break below it gets funky in a bad way. These 2 counters are heavy weights and if they both sink the indices will reflect them... $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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August ends with an ugly reversal that failed to clinch the 2013 highs on all indices. A selling bout is coming soon.  Compare with 2 weeks ago to see how strong the reversal is and on huge volume spikes. Not good at all   $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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Metasploit wrote:For the past week,Normal volumes traded on JSE,Nigerian exchange,Brazi exchange etc etc..
Trying to see how FED's Mid sept meeting will affect the global indices I think it's both OK & not OK for the mkts to profit (loss) over the 'when & how' but what has been there all along is that tapering ISN'T sudden cutting, abandon! e.t.c  September might be a no-show & the Fed also understands that any false moves na nikufyam! Infact, it would probably be better to tie tapering to recovery of private sector confidence in the Real economy but when the other guy is still waiting for the other guy, then the authorities must step in. Read this article too. V/interesting: Have Emerging Markets Gotten Oversold? | Mark Mobius http://mobius.blog.frank...bius&nismseg=twitter
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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"Cando! Diyo!" ~Teacher Wanjiku Weekend njema folks...
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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I am happy with the hold hopefully upto end of September. Will be good for some. Thieves
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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hisah wrote:August ends with an ugly reversal that failed to clinch the 2013 highs on all indices. A selling bout is coming soon. Compare with 2 weeks ago to see how strong the reversal is and on huge volume spikes. Not good at all Serious exit vols seen in the last 2 weeks. Memba at 34.50,mpesa at 7.70 yesterday and today, and Simba at 45. September will be a very volatile month. Internationally,fears on tapering,Syria,a strong USD and weaker emerging market currencies,thus high interest rates going forward,a possible increase in oil prices,German elections. Locally(KE), we will have to deal with ICC cases,a possible hike in cbr to save KES. All in all,there's money to be made in volatility. Take charge of your money! @SufficientlyP
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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: Chief Joined: 8/4/2010 Posts: 8,977
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 TA tea leaves. SMA 50 and lower BB clustered at 4500 while SMA100 and SMA200 are now converging at 4000 level with RSI starting to look bearish with volume spike in Aug 2013 towering all in this 2yr chart. If the market dips below 4500 on this huge volume spike, a trend shift will be confirmed. $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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Kenyan shares halt slide after central bank keeps rates on holdKenyan shares halted a seven-day slide on Wednesday after the central bank kept its key interest rate on hold a day earlier, signalling it is keen to support growth despite a higher inflation outlook. On the foreign exchange market, shilling held steady with traders forecasting the local currency would remain in a narrow range. The Central Bank of Kenya met market expectations when it kept its benchmark interest rate unchanged at 8.50 percent on Tuesday, saying inflation was contained within an acceptable margin of its medium-term target. Treasury Cabinet Secretary Henry Rotich said on Wednesday he expected a one-off rise in some consumer prices in September after lawmakers widened the bracket of goods subject to value-added tax. The main NSE-20 share index edged up 0.3 percent to 4,659.85 points. The index had lost 3.7 percent in seven straight sessions since Aug. 26 on investor profit taking as a half-year earning results season came to an end. It is still 12.5 percent up so far this year.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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NSE wrote:
Today’s turnover rose to Kes.845M on a volume of 52M shares, up from Kes.486M on 17M shares posted yesterday.
Week on week turnover declined to Kes.2.2bn from Kes.4bn posted the previous week, the number of shares traded stood at 107M against 248M the previous week.
The NSE 20 Share Index was up 0.24% during the week to stand at 4708.95 points.
All Share Index (NASI) was up 1.95% during the week to settle at 122.30 points.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still a ranging or a sideways NSE20. Range between 4500 - 4800. Bear strength starts on breakdown of 4500 and vice versa breakout above 4800. $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: Chief Joined: 8/4/2010 Posts: 8,977
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I hope we get another extreme negative sentiment period like in Nov 2012 - Mar 2013 for the market to keep ascending! Hope a large number of analysts issue lukewarm recommendations... Also wait for that exdiv period to pop up.$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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Kenyan shares rose for the fourth session in a row on Monday, led by top telecoms operator Safaricom, which closed 2.5 percent higher as investors bought the stock ahead of a dividend payment. The benchmark NSE-20 share index gained 0.3 percent to 4,722.89 points. The index has recovered after two weeks of falls as investors booked profits after companies' half-year results. http://www.reuters.com/article/...ts-idUSL5N0H52LB20130909
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenya's main share index inched higher for a fifth session in a row on Tuesday, led by the bourse's biggest companies by market capitalisation Safaricom and East Africa Breweries (EABL). The benchmark NSE-20 share index rose 0.03 percent to 4722.91 points. http://in.reuters.com/article/2...ts-idINL5N0H62YL20130910
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:Kenya's main share index inched higher for a fifth session in a row on Tuesday, led by the bourse's biggest companies by market capitalisation Safaricom and East Africa Breweries (EABL). The benchmark NSE-20 share index rose 0.03 percent to 4722.91 points. http://in.reuters.com/article/2...ts-idINL5N0H62YL20130910 Huffing & puffing as the struggle to stay afloat intensifies. Hague drama might just trigger the balloon deflation for mr market to give sweet discounts.
As for EABL crucial support lies @270 - 280 zone. So far it has not cracked. A retest and bounce will confirm defence meaning 426 will be revisited later. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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hisah wrote:mwekez@ji wrote:Kenya's main share index inched higher for a fifth session in a row on Tuesday, led by the bourse's biggest companies by market capitalisation Safaricom and East Africa Breweries (EABL). The benchmark NSE-20 share index rose 0.03 percent to 4722.91 points. http://in.reuters.com/article/2...ts-idINL5N0H62YL20130910 Huffing & puffing as the struggle to stay afloat intensifies. Hague drama might just trigger the balloon deflation for mr market to give sweet discounts.
As for EABL crucial support lies @270 - 280 zone. So far it has not cracked. A retest and bounce will confirm defence meaning 426 will be revisited later. Boss, how deep are your pockets? We just had a discount the other day.. You still have money to buy some more?
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