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When is the Next NSE Bus Leaving the Stage
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hisah
#231 Posted : Thursday, July 12, 2012 3:42:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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youcan'tstopusnow
#232 Posted : Thursday, July 12, 2012 4:52:56 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
NSE 20-share index up 5.56 points to close at
3,802.96
GOD BLESS YOUR LIFE
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PKoli
#233 Posted : Thursday, July 12, 2012 4:57:44 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
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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kyt
#234 Posted : Thursday, July 12, 2012 5:12:54 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
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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King G
#235 Posted : Thursday, July 12, 2012 5:27:31 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
youcan'tstopusnow wrote:
NSE 20-share index up 5.56 points to close at
3,802.96


Applause Let us hope it will reach 4k barrier by October before campaign proper sets in later in the year
Thieves
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guru267
#236 Posted : Thursday, July 12, 2012 6:33:00 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
www.businessdailyafrica....0/-/4l2trez/-/index.html

I 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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hisah
#237 Posted : Thursday, July 12, 2012 7:08:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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  | | Edit by user: Friday, July 13, 2012 11:41 AM | Reason: Not specified
platinum seeker
#238 Posted : Friday, July 13, 2012 11:31:15 AM
Rank: New-farer

Joined: 10/22/2010
Posts: 35
Location: Nairobi
*** The best stocks to accumulate would be those that have ignored this rally and are still undervalued... ***

Applause Applause
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Chaka
#239 Posted : Friday, July 13, 2012 11:42:31 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
platinum seeker wrote:
*** The best stocks to accumulate would be those that have ignored this rally and are still undervalued... ***

Applause Applause

Such as..?
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hisah
#240 Posted : Friday, July 13, 2012 11:45:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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