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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@guru - MSCI KE index comprises the most blue chips though I'm not privy to this info since it's not public and most likely has to be paid for. But from the way the index has been trending, blue chips command its course. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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hisah wrote:@guru - MSCI KE index comprises the most blue chips though I'm not privy to this info since it's not public and most likely has to be paid for. But from the way the index has been trending, blue chips command its course. If that is the case, then think MPesa, EABL, BAT. Overvalued if mixture if you ask me. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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dunkang wrote:hisah wrote:@guru - MSCI KE index comprises the most blue chips though I'm not privy to this info since it's not public and most likely has to be paid for. But from the way the index has been trending, blue chips command its course. If that is the case, then think MPesa, EABL, BAT. Overvalued if mixture if you ask me. In addition the index will likely have BAMB, KCB, EQTY, SCBK, BBK, COOP and ARM. Also KEGN, KPLC, KK and KQ could be included.$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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This is how MSCI KE index looks like to date...  $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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hisah wrote:Courtesy of Reuters. KE is trail blazing   Quote:What’s more, frontier stocks, for the most part, are cheaper than their emerging peers — Citi puts the average discount at the moment at 22 percent. Btw Bulgaria which is trail blazing this year was the 3rd last laggard last year at -32.78% meaning the current rally of 2013 has reset the negative return of 2012. If one was shorting this market, those short if any are completely fried at the moment.$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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NSE wrote:Buoyed by solid volumes, turnover soared to Kes.1.93bn on a volume of 88M shares, up
from Kes.746M on 47M shares posted yesterday.
The NSE 20 Share Index shed 1.45 points to stand at 4985.48.
All Share Index (NASI) eased 0.13 points to stand at 126.68. Shed 1.45pts today after all that turnover flood hitting almost 2B. Very very interesting. The break is coming... Keep watching... $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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Rich Today >>> The Equity Market continues to point higher and the Bull Market is very much in tact and in play
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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A market doing almost 2b in a day at the current prices tells you there could be more upside coming. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:NSE wrote:Buoyed by solid volumes, turnover soared to Kes.1.93bn on a volume of 88M shares, up
from Kes.746M on 47M shares posted yesterday.
The NSE 20 Share Index shed 1.45 points to stand at 4985.48.
All Share Index (NASI) eased 0.13 points to stand at 126.68. Shed 1.45pts today after all that turnover flood hitting almost 2B. Very very interesting. The break is coming... Keep watching... @hisah do not doubt the NSE... The bull is alive as long as the JGBs and US treasuries stay stable!! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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if bull play is intact then we are going into the phase of proper euphoria, where stocks will be so overvalued but buyers wont care. i sense the upward movement too with the market overheating at 5000 after elections and consolidating at that level after dipping to 4800. when the bull is fever pitch, ill become scared. already scared by the likes of saf and eabl, could the rest of the market be heading to those valuations.... The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Some 88M shares valued at Kes.1.1bn were traded in 2,200 deals, down from 88M shares that were valued at Kes.1.93bn posted yesterday.
The NSE 20 Share Index shed 1.15 points to stand at 4984.33.
All Share Index (NASI) was unchanged to close at 126.68 points.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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murchr wrote:kazee wrote:Anyone noticed how fast EABL has tumbled from its highs of 423 to 360's in a week? The pain is as deep as the bliss up Pump and dump, it has happened several times. Where is @Symbols aka @Chessmaster? Waiting on helicopter Ben.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#How to tell NSE has bottomed out >>> Kenyan shilling firms as foreign investors buy shares >>> http://www.reuters.com/article/...ts-idUSL5N0EI2FZ20130606
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rich Today wrote:The Nairobi All Share edged a marginal 0.07% lower to close at 126.58.
The All Share is +33.43% this Year and sits just 1.8455% below a
Record Closing High from last Month.
The Nairobi NSE20 turned 0.1% higher to close at 4989.04. The NSE20 is +20.711% this Year.
I expect a Narrowing in the Spread of the All Share versus the NSE20 ie some NSE20 strength.
The Market has been flatlining of late after a Powerful Burst higher and There is increasing breadth which is a Net Positive.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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And the tbills keep sliding... 91 day is sub 7% i.e. 6.72%. Now if only the graph below could be updated to the current rates.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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hisah wrote:And the tbills keep sliding... 91 day is sub 7% i.e. 6.72%. Now if only the graph below could be updated to the current rates.
With the 91 day at 6.72%,a sharp fall within the last four weeks.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Buoyed by solid volumes, week on week turnover soared to Kes.4.9bn from Kes.2.4bn posted the previous week, the number of shares traded rose significantly to 262M against 128M the previous week.
The NSE 20 Share Index shed a total of 44.30 points during the week to stand at 4962.66.
All Share Index (NASI) was down 0.48% during the week to stand at 126.19 points.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Agricultural Sector
Plantations accounted for 0.06% of the week’s traded volume. Sasini moved 123,000 shares during the week and closed at Kes.14.85.
Banking Sector
Banking Sector had 38M shares traded which 14.79% of the week’s traded volume. KCB touched a high of Kes.41.75 and low of Kes.40.00 on a volume of 14M shares. Equity Bank down 3.47% to Kes.34.75 moved 12M shares.
Commercial and Services Sector
Commercial & Services Sector moved 5M shares, which accounted for 1.97% of the week’s traded volume. ScanGroup closed the week 0.74% lower to Kes.67.00 on a volume of 2.2M shares. Kenya Airways moved 1.8M shares during the week and closed at Kes.11.00.
Energy & Petroleum Sector
Energy & Petroleum Sector moved 10M shares, which accounted for 4.09% of the week’s traded volume. KenolKobil down 4.76% to Kes.10.00 moved 5.1M shares. KenGen up 5.28% to Kes.15.95 moved 3.6M shares.
Manufacturing & Allied Sector
Manufacturing & Allied Sector moved 7.5M shares, which represented 2.86% of the week’s traded volume. Mumias Sugar actively moved 3.2M shares at between Kes.4.40 and Kes.4.55. Up 0.82% to Kes.370.00, EA Breweries moved 3.6M shares.
Telecommunication & Technology
Telecommunication & Technology had 189M shares traded and represented 71.98% of the week’s traded volume. Safaricom touched a high of Kes.7.25 and low of Kes.7.05 on a hefty tally of 189M shares.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Next decade (2025) top dollar (global capital melting pot) cities Citigroup report - http://www.citigroup.com...s/pdfs/hotspots2025.pdf BD has done a small summary on Nairobi - http://www.businessdaily.../-/5xjjpnz/-/index.html Quote: Nairobi’s profile as a regional business hub has been growing
as seen by the number multinationals, from diverse
industries, which have chosen to open shop in the Kenyan
capital or decided to choose the city as their base for
Africa-wide operations. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/18/2006 Posts: 131
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The market seems quite slow today. we are getting like one trade every 5 minutes.
Mr market seems confused on whether buyers should up their bids or sellers should lower what they are quoting.
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How to tell NSE has bottomed out
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