Wazua
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Madness at the NSE
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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cnn wrote: Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now. Strange.At 2.57 pm it was 38 M Shares. When did the 90 million shares change hands ?????????? WOW! chasing for dividends ?????? With Liquidity and a DIV Yield of 4% this is one of the best investment options for very BIG MONEY
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Metasploit wrote:cnn wrote: Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now. Strange.At 2.57 pm it was 38 M Shares. When did the 90 million shares change hands ?????????? WOW! chasing for dividends ?????? With Liquidity and a DIV Yield of 4% this is one of the best investment options for very BIG MONEY Foreigners were net 5% on the sell side,i wonder if @hisah will be fronting exit volumes.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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On the same NOTE,BIG VOLUME Bids for KCB at 47 and 47.50 at close of trade (Finally breaking the 47 resistance level). Share trades 3.35 M with 97.35% foreign participation at between 47 and 47.5. No supply points beyond 48. These foreigners are good traders.50 just a stone throw away. EABL..Strong bids coming at 265 and resistance at 280 now looking more likely to give way in the short term. Will Equity Bank follow suit? Britam is constricting but price still below the 20 day simple moving average# watching it Generally Market looks good BUT keep in mind that the FED FOMC next meets on April 29th July (After FED FOMC June 21 meeting ) might be the end of the party..Before then ACCELERATION RELOADED.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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cnn wrote:Metasploit wrote:cnn wrote: Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now. Strange.At 2.57 pm it was 38 M Shares. When did the 90 million shares change hands ?????????? WOW! chasing for dividends ?????? With Liquidity and a DIV Yield of 4% this is one of the best investment options for very BIG MONEY Foreigners were net 5% on the sell side,i wonder if @hisah will be fronting exit volumes. Thats huge! A top 20 shareholder!!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mwekez@ji wrote:cnn wrote:Metasploit wrote:cnn wrote: Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now. Strange.At 2.57 pm it was 38 M Shares. When did the 90 million shares change hands ?????????? WOW! chasing for dividends ?????? With Liquidity and a DIV Yield of 4% this is one of the best investment options for very BIG MONEY Foreigners were net 5% on the sell side,i wonder if @hisah will be fronting exit volumes. Thats huge! A top 20 shareholder!! Mwekezaji..what were the foreign buy and sale. That must be a dark pool.Occured almost at close of trade. But i still consider > 35M shares on Safaricom as huge volumes.At 2.57 PM,we had 38M shares change hands. Big volume trades at record high prices always imply two meanings; 1.Either proffessional money know what the rest dont know therefore buying 2.Professional money selling
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:mwekez@ji wrote:cnn wrote:Metasploit wrote:cnn wrote: Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now. Strange.At 2.57 pm it was 38 M Shares. When did the 90 million shares change hands ?????????? WOW! chasing for dividends ?????? With Liquidity and a DIV Yield of 4% this is one of the best investment options for very BIG MONEY Foreigners were net 5% on the sell side,i wonder if @hisah will be fronting exit volumes. Thats huge! A top 20 shareholder!! Mwekezaji..what were the foreign buy and sale. That must be a dark pool.Occured almost at close of trade. But i still consider > 35M shares on Safaricom as huge volumes.At 2.57 PM,we had 38M shares change hands. Big volume trades at record high prices always imply two meanings; 1.Either proffessional money know what the rest dont know therefore buying 2.Professional money selling As @metaspoilt states, vol spike at resistance level means: -
- crashing resistance to force trend continuation or
- solid distribution (heavy selling).
From the look of things as per today's price close the behaviour looks like a trend continuation and if so, the highs coming up will be interesting to watch. Also the vol spike shows up weeks before the results. Today's trade is a significant marker. Note the date for this vol is what churns in some month's not a single day...
$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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hisah wrote:Metasploit wrote:mwekez@ji wrote:cnn wrote:Metasploit wrote:cnn wrote: Safaricom does 1.5billion shillings in turnover for 123 million shares.Most counters pointing up at the close.Lets us what next week brings.So much for the bear market talk..at least for now. Strange.At 2.57 pm it was 38 M Shares. When did the 90 million shares change hands ?????????? WOW! chasing for dividends ?????? With Liquidity and a DIV Yield of 4% this is one of the best investment options for very BIG MONEY Foreigners were net 5% on the sell side,i wonder if @hisah will be fronting exit volumes. Thats huge! A top 20 shareholder!! Mwekezaji..what were the foreign buy and sale. That must be a dark pool.Occured almost at close of trade. But i still consider > 35M shares on Safaricom as huge volumes.At 2.57 PM,we had 38M shares change hands. Big volume trades at record high prices always imply two meanings; 1.Either proffessional money know what the rest dont know therefore buying 2.Professional money selling As @metaspoilt states, vol spike at resistance level means: -
- crashing resistance to force trend continuation or
- solid distribution (heavy selling).
From the look of things as per today's price close the behaviour looks like a trend continuation and if so, the highs coming up will be interesting to watch. Also the vol spike shows up weeks before the results. Today's trade is a significant marker. Note the date for this vol is what churns in some month's not a single day...
@metaspoilt foreign sales; 97.5% foreign buys; 92.0% foreign-foreign crosses
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Rank: New-farer Joined: 4/29/2014 Posts: 15 Location: Nairobi
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Just be patient things will come your way
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Going forward the madness will be in: - (i) mining and infrastructure (ii) energy (iii) telcos and finance - mobile money merging magnet like ICT (iv) consumer goods But I see the mongolia in telco first then energy in the next 10yrs. Quote:ETHIOPIA has Africa’s last big telecoms monopoly. The absence of competition has seen a country of more than 80m lag badly behind the rest of the continent in an industry that has generally burgeoned alongside economic growth. Mobile-phone penetration, which averages 70% of the population elsewhere in Africa, is closer to 25% in Ethiopia. A paltry 2.5% of Ethiopians have access to the internet, compared with 40% in neighbouring Kenya. http://econ.st/1l1UvJO
Quote:Ethiopia is among the few still-untapped opportunities and a market MTN is keen to enter, the people said. The country, with a population of 89 million, had just 22 percent mobile-phone penetration in 2012, according to data compiled by Bloomberg. That compares with 131 percent in South Africa and 71 percent in Kenya. http://bloom.bg/1qldgPk$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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Just to compliment my comment above here is what I mean - http://www.rich.co.ke/media/docs/038NSX1205.pdf
Should the chingman pile in the NSE both bonds and equities, it will be interesting to watch those funds flow... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Upto this time 11.25am the market appears slow and dosing. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Why did this thread die? Or has the time come for it to be revised seeing the jump in EQTY, KCB, HFCK, BRIT, etc over the past 4 weeks? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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VituVingiSana wrote:Why did this thread die? Or has the time come for it to be revised seeing the jump in EQTY, KCB, HFCK, BRIT, etc over the past 4 weeks? Well,well,well,the capital appreciation in these stocks has been out of this world. Mpesa bank also trying to play catch up after short sojourn at 12.20 levels. Makes someone feel like they can buy the whole world and then give it out as charity  The reason why this thread suffered 'death' is because of the times that we are in. Smiles in some counters are quickly cancelled by the agony in others like Mumias and KQ. In short, not every one is all smiles. Add to this cocktail, the political noise by the opposition, rise in inflation for the 7th consecutive month and LB oil up to $112 a barrel due to unrest in Iraq(possible increase of pump prices by ERC on Monday)and you can see why the madness is not being appreciated by all. #MakingHayWhileTheSunShines @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Real madness will come when 6161 level is broken up. That's when the meltup will be on a hot streak... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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anyone knows why Sasini is having a huge turnover lately?
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Rank: New-farer Joined: 7/29/2014 Posts: 10 Location: BUNGOMA
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EverReady paka is heading where now??????
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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hisah wrote:Real madness will come when 6161 level is broken up. That's when the meltup will be on a hot streak... When are we likely to see that? Projections? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Madness at the NSE that is the counter. Where is the cheering squad NSE20 still struggling above 5000 for a 3rd attempt as it crawls towards 5200. Since 2012 NSE20 has clocked an avg gain of 800pts each year except this year. FTSE KE NSE15 is flashing some lights that are not party friendly... But who cares about that and the squeaky macroecons when the NSE counter is on a hot streak... Add me some tequila, need to party hard. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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