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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenyan shares inched higher on Wednesday to continue their winning streak for the sixth session in a row, helped by foreign investors looking to enter a rising market, while the shilling was steady against the dollar. The benchmark NSE-20 share index rose 0.1 percent to 4727.66 points http://www.reuters.com/article/...ts-idUSL5N0H72R720130911
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Very boring NSE highest gainer is OCH again... "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: 8/4/2010 Posts: 8,977
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Mpesa bank goes exdiv @8.05. I expected the price to be sub 7.80 by now. Will be interesting to see a retest of 7.50 former all time critical resistance. @murchr - nse wil remain boring until that 4500 - 4800 range is broken in either direction. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Interesting few month ahead...its either we will break out or break down as @hisah says...the VAT Bill...high pump prices...poor weather forecast....could push inflation to double digits...it will also be interesting to see if CBR will remain at 8.5% in 2013 ....either way the bias is for a break down..very little impetus for a break out given the valuations on our blue chips & the taper talk by the Fed which could reduce foreign investor participation..still some gems in the market though.....but one needs to be selective....a wild card is the ICC trials....if the cases are dismissed or the verdict is not guilty then expect a rally...if guilty then.....KaBooom!
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Good one @the deal. Next week,18th we get to listen to the FED chair. Lets see how the market plays out!! @SufficientlyP
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Eurobond RSA went out recently for USD1.5B and took USD2B. Attracted 22B in subscriptions. Yield 6% (over 3% the US treasuries). Let's see.
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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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The day by day foreign inflows speaking volumes
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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As for ICC, there is no dispute that people, me inclusive, were affected by PEV in one way or another. It's been over 5 years so what's new now?
Secondly, the cases must be about proving responsibility and not blatant character assassination which then, will not do anybody justice.
Personally, I don't see any reason why I won't wake up tomorrow and take care of business. What am I/we supposed to do? Stop working and stay home watching TV? BS. This is a Sovereign with structures and thus, Kazi Iendelee!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:As for ICC, there is no dispute that people, me inclusive, were affected by PEV in one way or another. It's been over 5 years so what's new now?
Secondly, the cases must be about proving responsibility and not blatant character assassination which then, will not do anybody justice.
Personally, I don't see any reason why I won't wake up tomorrow and take care of business. What am I/we supposed to do? Stop working and stay home watching TV? BS. This is a Sovereign with structures and thus, Kazi Iendelee! Furthermore, and legally speaking, these cases could run for more than 5 years just by gaming the system by both sides. Maybe some here can go hungry for that long, me I think I can do only 2 days max so I'll be hard at work... 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenyan shares edge up for eighth session in a rowKenyan shares nosed ahead for the eighth straight session on Friday, lifted by foreign investors buying of large-cap stocks, while the shilling held steady. The benchmark NSE-20 share index rose 0.3 percent to 4,749.32 points, and has recouped 2.17 percent after a two-week dip when investors booked gains after half-year results. http://www.reuters.com/article/...ts-idUSL5N0H92HF20130913
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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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Waiting to see if foreigners will step on the gas at NSE now that summers is out of the fed chairman race. Not bothered with the tapering talk, fed chair succession has more weight and looks bullish for now... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@$PT @Hisah must be very happy with safari. Mpesa bank has today printed a new 12 month high yet its ex-div ;-)
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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http://www.bloomberg.com...changed-before-fed.html
FED Refrains..But the VAT Bill still possess risk on the equities
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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mwekez@ji wrote:@$PT @Hisah must be very happy with safari. Mpesa bank has today printed a new 12 month high yet its ex-div ;-) Add to that the FED decision today to hold the monthly Asset purchases at $85B, Safari is still on Could touch 8.50 tomorrow before a sell off ensues. Eagerly awaiting that Div cheque coming in on or about 11th Dec @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Metasploit wrote:http://www.bloomberg.com/news/2013-09-18/u-s-stock-index-futures-are-little-changed-before-fed.html
FED Refrains..But the VAT Bill still possess risk on the equities Foreign purchases will compensate for wanjiku's dwindling take home/savings/buys! @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:mwekez@ji wrote:@$PT @Hisah must be very happy with safari. Mpesa bank has today printed a new 12 month high yet its ex-div ;-) Add to that the FED decision today to hold the monthly Asset purchases at $85B, Safari is still on Could touch 8.50 tomorrow before a sell off ensues. Eagerly awaiting that Div cheque coming in on or about 11th Dec Hii ndiyo kutengeneza pesa 2013. #kazi iendelee
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