I think that article should be read together with the Capital Market Master Plan for Kenya and see the emphasis on developing Islamic Finance going forward...

Ctrl + F for faster reference.

sib reiterates that this counter is now overvalued and i think i agree with them. N'way, i aint invested here and was just reading the below for info.

Britam acquires Real Insurance for KES 1.4bn.
(27.01.2014)

Britam has issued an abridged circular to shareholders on the proposed acquisition of a 99% equity stake in Real Insurance Company Limited (REAL) disclosing the price as KES 1.376bn; KES 825m in cash and KES 550m in share consideration. The shares are priced at KES 11.13 (75 trading days preceding share purchase agreement) resulting in the issuance of 51.9m shares- a 2.7% dilution to ordinary shareholders. The NAV multiple for the transaction at completion is estimated at x2.25 and PE x10.54; which at the current share price is accretive. The extraordinary general meeting to approve the deal is slated for 19 February 2014, with the transaction expected to be complete by 31 March 2014. In determining the acquisition, Britam considered the strong positioning of REAL in non-life insurance, long operational history and customers that comprise leading corporates in Kenya. It also considered the growth prospects given the presence of REAL in promising frontier markets such as Mozambique, Tanzania and Malawi. At KES 18.90, Britam now trades at a 38.5% premium to our valuation of KES 13.68. (Company filing, Standard Investment Bank)

I tend to disagree. HnS is typically a reversal pattern. The overall picture here is a continuation which would lend the triangular formation more credibility.
Still, this is rather bullish and yes, the break already happened and we in hyper bullish mode.

What does all this red mean, a correction or.. worse

well said

@hisah. I agree something doesn't add up here. foreigners selling, sharp correction just before announcement. as usual we might know later when it's too late.

Could the Red be associated with tapering of stimulus package by Uncle Ben. BBC mentioned turmoil in emerging markets like Turkey and South Africa.

There was a dip in global markets!NIKKEI just did a 3.02% decline!!if the NSE did the same we would be back in December

FED Tapered to 65B USD.

Its another day where the nse grabs and wears a red jersey and wazuans go hiding.

Glad i stayed in the money market-bargains coming up