@NSE closes @3360 - up a measly +3pts...
Anyone noticed tranny has moved 6.9M shares today?
Mpesa - mad rush for book closure or a turn up? QW - says a mad rush to dividends. Me thinks it is a shaping for a u-turn... 3 day volume = 146M shares and Meza joining the rivals in Vodacom Tz (Vodafone owned) confirms the move. Next confirmation will be Airtel not launching their delaaaayed 3G network... Wacha tuone.
Now tomorrow is britak listing. Mpesa moving huge volumes so far and tranny has a giant volume move out of the blue. Britak will open with a jump... That's the telegraphed message here... Let's see what Mr Market will do tomorrow.
@QW - coop @9.50 will be a fabulous discount...
BBK - sub 12.
Ekwety - sub 18... This one has me puzzled since it exceeded my 20/- target...
KCB - day 2 below 19.50 bull trendline support... This thing needs to bounce or 18 will show up.
SCB - volume building up... @199 some hands are getting attracted while looking at the rights price @165.45. SCB @199 is 20.27% higher than the rights price.
With mpesa having a big up day with huge volume, the index will close up after 4 down days since Aug 30th. In coming days we will know if mpesa is on a relief u-turn and forming a temporary floor. With NSE index RSI oversold @13.6 as per yesterday's close of 3357, a bounce is loooong overdue... If indeed a bounce is forming and the low is 3357, then the rebound should target 3505 - 3552 levels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!