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Madness at the NSE
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obiero
#1861 Posted : Wednesday, October 30, 2019 10:51:10 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Sufficiently Philanga....thropic wrote:
Co-op bank rallying hard!
HAFR, the monkey, sitting at the table with the big boys.Wonders these d'oh!

COOP is a stock to watch

KQ ABP 4.26
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Fyatu
#1862 Posted : Wednesday, October 30, 2019 10:54:44 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
nairobby wrote:
NSE is back baby!



I hope you are squarely inside one of the buses and you are not like others who like making too much kelele and yet hold nothing. The winter has been long and dark. Lets enjoy the sunlight
Dumb money becomes dumb only when it listens to smart money
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  | | Edit by user: Wednesday, October 30, 2019 11:09 AM | Reason: Not specified
sparkly
#1863 Posted : Wednesday, October 30, 2019 1:31:53 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Santa Claus rally coming early. Possible to make 20-30% gains by Christmas.
Life is short. Live passionately.
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mlennyma
#1864 Posted : Wednesday, October 30, 2019 1:48:42 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
sparkly wrote:
Santa Claus rally coming early. Possible to make 20-30% gains by Christmas.

this rally was lastly witnessed during kibakis time, about 5 counters hitting 10%....supply dries in BBK,NCBA,CO OP,HFCK

Don't chase, wait for profit taking people were very hungry
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Wednesday, October 30, 2019 1:56 PM | Reason: Not specified
lochaz-index
#1865 Posted : Wednesday, October 30, 2019 2:03:38 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:
Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor.....




This will hold into next yearApplause Applause Applause

With the resistance set at 2420 on top of a GFC low of 2360 and a jumbo volume spike at current levels it will take a sell-off of monumental proportions to breach those targets. That will set up a nice fear gauge/capitulation measure when it pans out probably in H2 of 2020.

I don't expect the current rally to push above 3000 and not much either in the way of aggressive lending by banks. Going forward it is still risk management that is imperative rather than seeking outsize returns especially if the old loans are to be repriced. Turning my gaze to KES, bond yields, bank bond holdings and the now resurrected CBR.

Curious that BBK, SCBK and stanbic join the laggard HFCK on low trade volumes coupled with zero foreign buying in contrast to what is happening to Coop, Kcb, Equity and DTB on both metrics.
The main purpose of the stock market is to make fools of as many people as possible.
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Sufficiently Philanga....thropic
#1866 Posted : Wednesday, October 30, 2019 2:48:46 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:
Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor.....




This will hold into next yearApplause Applause Applause

With the resistance set at 2420 on top of a GFC low of 2360 and a jumbo volume spike at current levels it will take a sell-off of monumental proportions to breach those targets. That will set up a nice fear gauge/capitulation measure when it pans out probably in H2 of 2020.

I don't expect the current rally to push above 3000 and not much either in the way of aggressive lending by banks. Going forward it is still risk management that is imperative rather than seeking outsize returns especially if the old loans are to be repriced. Turning my gaze to KES, bond yields, bank bond holdings and the now resurrected CBR.

Curious that BBK, SCBK and stanbic join the laggard HFCK on low trade volumes coupled with zero foreign buying in contrast to what is happening to Coop, Kcb, Equity and DTB on both metrics.


Taking down 3000 on the NSE would take turbo volumes and more importantly fiscal discipline by GoK.
It would be interesting to see the bond trade volumes going forward as banks choose to either take a hit on AFS bonds or reclassifying them to HTM.
I like that KES has reacted positively to the news. It would be interesting to see how the pair trends in the coming days.
@SufficientlyP
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nairobby
#1867 Posted : Wednesday, October 30, 2019 3:17:27 PM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
Fyatu wrote:
nairobby wrote:
NSE is back baby!



I hope you are squarely inside one of the buses and you are not like others who like making too much kelele and yet hold nothing. The winter has been long and dark. Lets enjoy the sunlight


Bought EQT, KCB during the dip at 36/37. Tuko ndani kabisa.
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Fyatu
#1868 Posted : Wednesday, October 30, 2019 3:55:23 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
nairobby wrote:
Fyatu wrote:
nairobby wrote:
NSE is back baby!



I hope you are squarely inside one of the buses and you are not like others who like making too much kelele and yet hold nothing. The winter has been long and dark. Lets enjoy the sunlight


Bought EQT, KCB during the dip at 36/37. Tuko ndani kabisa.



Good man. Lets now enjoy the ride for the next three - five years.
Dumb money becomes dumb only when it listens to smart money
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heri
#1869 Posted : Wednesday, October 30, 2019 4:39:02 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
mlennyma wrote:
sparkly wrote:
Santa Claus rally coming early. Possible to make 20-30% gains by Christmas.

this rally was lastly witnessed during kibakis time, about 5 counters hitting 10%....supply dries in BBK,NCBA,CO OP,HFCK

Don't chase, wait for profit taking people were very hungry


My counter Diamond Trust seems mute to the good news
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Ericsson
#1870 Posted : Wednesday, October 30, 2019 4:49:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya Banking Stocks (Market Closed)

~ Housing Finance 10%
~ Coop 10%
~ IMH 10%
~ NCBA 9.99%
~ Equity 9.63%
~ KCB Group 8.89%
~ DTB 8.23%
~ Barclays 7.63%
~Stanchart 3.24%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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