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When is the Next NSE Bus Leaving the Stage
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Pesa Nane wrote:sparkly wrote:
@aguy how does someone become a victim of a rally.
@sparkly, try asking Wanjiku-husbands who bought barclays @650  But then again, hii safo iko?? @Pesa Nane ignorance is getting the better of you... have you heard of STOCK SPLITS before?? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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The desire to post on every thread. think before you speak...nowadays google before you post
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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NSE best performing frontier market so far in 2012 Investors who put money into Kenya’s stockmarket posted better returns than any other frontier markets in the first six months of 2012 despite high inflation, high interest rates, and the country running on a deficit. The Kenya shilling’s stability and a drop in bond yields has seen investors, mostly foreign, shift from the comfort of government securities into stocks, with the Nairobi Securities Exchange (NSE) up 18.3 percent since the beginning of 2012. According to Citigroup analysts, this rate of return has outpaced others in frontier markets, when compared with the MCSI USD index, which is a stockmarket index of more than 1,600 world stocks. http://www.theeastafrica...8/-/rg3al7/-/index.html
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:NSE best performing frontier market so far in 2012 Investors who put money into Kenya’s stockmarket posted better returns than any other frontier markets in the first six months of 2012 despite high inflation, high interest rates, and the country running on a deficit. The Kenya shilling’s stability and a drop in bond yields has seen investors, mostly foreign, shift from the comfort of government securities into stocks, with the Nairobi Securities Exchange (NSE) up 18.3 percent since the beginning of 2012. According to Citigroup analysts, this rate of return has outpaced others in frontier markets, when compared with the MCSI USD index, which is a stockmarket index of more than 1,600 world stocks. http://www.theeastafrica...8/-/rg3al7/-/index.html
True, the NSE gave very juicy returns but to only selective stocks.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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PKoli wrote:youcan'tstopusnow wrote:NSE best performing frontier market so far in 2012 Investors who put money into Kenya’s stockmarket posted better returns than any other frontier markets in the first six months of 2012 despite high inflation, high interest rates, and the country running on a deficit. The Kenya shilling’s stability and a drop in bond yields has seen investors, mostly foreign, shift from the comfort of government securities into stocks, with the Nairobi Securities Exchange (NSE) up 18.3 percent since the beginning of 2012. According to Citigroup analysts, this rate of return has outpaced others in frontier markets, when compared with the MCSI USD index, which is a stockmarket index of more than 1,600 world stocks. http://www.theeastafrica...8/-/rg3al7/-/index.html
True, the NSE gave very juicy returns but to only selective stocks. Selective rally mostly due to FTSE-NSE15 and FTSE-NSE25 indices. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:PKoli wrote:youcan'tstopusnow wrote:NSE best performing frontier market so far in 2012 Investors who put money into Kenya’s stockmarket posted better returns than any other frontier markets in the first six months of 2012 despite high inflation, high interest rates, and the country running on a deficit. The Kenya shilling’s stability and a drop in bond yields has seen investors, mostly foreign, shift from the comfort of government securities into stocks, with the Nairobi Securities Exchange (NSE) up 18.3 percent since the beginning of 2012. According to Citigroup analysts, this rate of return has outpaced others in frontier markets, when compared with the MCSI USD index, which is a stockmarket index of more than 1,600 world stocks. http://www.theeastafrica...8/-/rg3al7/-/index.html
True, the NSE gave very juicy returns but to only selective stocks. Selective rally mostly due to FTSE-NSE15 and FTSE-NSE25 indices. Yeah one ought to have owned stocks like KCB.. It drove all indices higher these past 6 months! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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I see CFCI, the next bus leaving the stage. Reported good FY2011 results, had eps 1.84 yet one subsidiary had only 8 months. This year should be much better. As we approach release of HY results, the stock should move to well above 10.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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PKoli wrote:I see CFCI, the next bus leaving the stage. Reported good FY2011 results, had eps 1.84 yet one subsidiary had only 8 months. This year should be much better. As we approach release of HY results, the stock should move to well above 10. Her sister CFC passed the psychological 45 at last trading session. Break the 47-48 resistance and we go up up up Life is short. Live passionately.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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PKoli wrote:I see CFCI, the next bus leaving the stage. Reported good FY2011 results, had eps 1.84 yet one subsidiary had only 8 months. This year should be much better. As we approach release of HY results, the stock should move to well above 10. I hope they did not panic like Britak and start running to property...if they continued buying into the NSE at its low level they should be much better and if the interest rates come down their bond portfolio should recover. with a small float like uchumi this bus is leaving the stage
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Kenya's 182-day T-bills yields jump to 12.354 pct - http://af.reuters.com/ar...s/idAFN6E8G901V20120711
Quote:The weighted average yield on Kenya's 182-day Treasury bills jumped to 12.354 percent from 11.415 percent last week, amid low investor demand, the central bank said on Wednesday. I'm not liking the reversal of yields upwards on the short term tbills. Either NSE goes up or money market yields go up, but not both. If the yields continue the uptrend, NSE will start sliding... $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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NSE 20-share index up 5.56 points to close at 3,802.96 GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:NSE 20-share index up 5.56 points to close at
3,802.96
We might see a mini rally depending on the HY performance.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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PKoli wrote:youcan'tstopusnow wrote:NSE 20-share index up 5.56 points to close at
3,802.96
We might see a mini rally depending on the HY performance. true, HY results are key to performance of the market going forwards, of course we have to factor in the inflation levels. (we are holding inflation constant or down, here) LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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youcan'tstopusnow wrote:NSE 20-share index up 5.56 points to close at
3,802.96
 Let us hope it will reach 4k barrier by October before campaign proper sets in later in the year Thieves
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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www.businessdailyafrica....0/-/4l2trez/-/index.htmlI hope we have not hit resistance.. @hisah do you see a temporary retracement coming?? or are we on 4k?? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:www.businessdailyafrica.com/-/539552/1452230/-/4l2trez/-/index.html
I hope we have not hit resistance..
@hisah do you see a temporary retracement coming?? or are we on 4k?? 4k is achievable but the index is stretched (overbought) at the moment and a retrace is highlylikely than a strong rally despite half year results being solid. What I am not comfy about is the tbill yields heading up. Money market and equities never rally together, they always have an inverse relationship. Tbill yields are edging up with dismal participation aka under subscription. This will force CBK to up the rates to attract more subscriptions (big money). Not a good sign. How will equities be supported if big money is being tempted into risk free gok papers? This is why I'd like CBR to be slashed by another 300-400bps to force the gok paper yields down and force that money into equities. With NSE overbought with GDP on a slowdown, such support is necessary to cushion the econ which needs credit jabs. Otherwise a bid-less phase will ensue and the reversals could be sharp considering a number of stocks have flipped 40%+ gains...
Using Fibs - assuming 4000 is achieved, the retrace will likely reach 3781 or 3645 while a steep one will reach 3536.
As a golden rule, when headlines become rosy about how a stock or market has rallied, it's time to take a pause or take profits. Money is always made before the gate-crashers come in...
*** The best stocks to accumulate would be those that have ignored this rally and are still undervalued... ***
NSE-20
NASI
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 10/22/2010 Posts: 35 Location: Nairobi
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*** The best stocks to accumulate would be those that have ignored this rally and are still undervalued... ***
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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platinum seeker wrote:*** The best stocks to accumulate would be those that have ignored this rally and are still undervalued... *** Such as..?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Big banks on the spot over bad loans, profit reporting - http://www.businessdaily...4/-/m7sytf/-/index.html
Now such news coming in after the NSE lofty praises is quite something... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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