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How to tell NSE has bottomed out
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Buoyed by robust trading, turnover soared to Kes.954M on a volume of 40M shares, up from Kes.362M on 16M shares posted yesterday.
The NSE 20 Share Index shed 21.24 points to stand at 4844.81.
All Share Index (NASI) edged up 0.29 points to stand at 122.86.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Turnover declined to Kes.679M from the previous session’s Kes.1.37bn, the number of
shares traded stood at 31M against a hefty tally of 83M posted yesterday.
The NSE 20 Share Index closed 37.34 points higher to stand at 4955.61.
All Share Index (NASI) was up 1.36 points to stand at 126.52
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:KCB exdiv today - market open and bids testing a low of 39/- Waiting to see if 35 - 38 range offers support in coming weeks. So far coping well exdiv.
Bluechip counters need to see more huge bid pressure to dismiss 5100 with aplomb. Though I'm not comfy with that gap @4600 - 4700 level.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:hisah wrote:KCB exdiv today - market open and bids testing a low of 39/- Waiting to see if 35 - 38 range offers support in coming weeks. So far coping well exdiv.
Bluechip counters need to see more huge bid pressure to dismiss 5100 with aplomb. Though I'm not comfy with that gap @4600 - 4700 level. @hisah when did you become sooo obsessed with this gap theory?? I'm planning a HUGE buy for HFCK at 23.5 ex div on Monday... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Hfck goes ex today..you will be lucky to get it sub 23 with an interim div coming in july "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:Hfck goes ex today..you will be lucky to get it sub 23 with an interim div coming in july 26 is a barrier that needs to be broken. With eabl and saf rallying to high heaventhis bodes well for the market in general. And with equity also edging higher its only a matter of time. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:hisah wrote:hisah wrote:KCB exdiv today - market open and bids testing a low of 39/- Waiting to see if 35 - 38 range offers support in coming weeks. So far coping well exdiv.
Bluechip counters need to see more huge bid pressure to dismiss 5100 with aplomb. Though I'm not comfy with that gap @4600 - 4700 level. @hisah when did you become sooo obsessed with this gap theory?? I'm planning a HUGE buy for HFCK at 23.5 ex div on Monday... Not obsessed with gaps, just that gaps dont offer support. When a selloff during a bear run gets to a gap zone, ulcers central becomes deadly as no support exists and prices bleed heavily.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:guru267 wrote:hisah wrote:hisah wrote:KCB exdiv today - market open and bids testing a low of 39/- Waiting to see if 35 - 38 range offers support in coming weeks. So far coping well exdiv.
Bluechip counters need to see more huge bid pressure to dismiss 5100 with aplomb. Though I'm not comfy with that gap @4600 - 4700 level. @hisah when did you become sooo obsessed with this gap theory?? I'm planning a HUGE buy for HFCK at 23.5 ex div on Monday... Not obsessed with gaps, just that gaps dont offer support. When a selloff during a bear run gets to a gap zone, ulcers central becomes deadly as no support exists and prices bleed heavily. @hisah the gap principle guides perfectly liquid and perfectly informed markets... I don't think we should apply it fully to the NSE! Imho Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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EABL touches 400 snuffing all the supply at this price today,something more than beer is brewing here!
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Rank: Veteran Joined: 12/11/2006 Posts: 930
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EABL-this is price stuffing. “Invest in yourself. Your career is the engine of your wealth.”
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How to tell NSE has bottomed out
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