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How to tell NSE has bottomed out
Sufficiently Philanga....thropic
#3911 Posted : Saturday, July 27, 2013 1:23:08 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate-News/-/539550/1927734/-/115j5kw/-/index.html

Talk of being sufficiently philanthropic!
@SufficientlyP
mwekez@ji
#3912 Posted : Monday, July 29, 2013 12:24:53 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Sufficiently Philanga....thropic wrote:
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate-News/-/539550/1927734/-/115j5kw/-/index.html

Talk of being sufficiently philanthropic!

Indeed! Sufficiently Philanthropic!!
murchr
#3913 Posted : Monday, July 29, 2013 5:16:01 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
NSE wrote:
The Bourse opened the week with a total of 16.5M shares valued at Kes.282M, up from Kes.208M on a volume of 8M shares posted last Friday.

The NSE 20 Share Index shed 7.81 points to stand at 4793.82
All Share Index (NASI) was down 0.48 points to stand at 123.23.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mwekez@ji
#3914 Posted : Wednesday, July 31, 2013 12:16:07 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Africa Buyout Frenzy

The recent flurry of buy outs confirms the bull market has legs and is now broadening out.
mwekez@ji
#3915 Posted : Wednesday, July 31, 2013 2:49:14 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kenya has cut clearing time for a commercial bank cheque to one day from two to reduce the costs of doing business and to fend off growing competition from mobile phone-based payment systems that operate in real time.

The east African nation accounts for half of all the money sent across mobile phone networks in the world per day, thanks to the M-Pesa service, offered by telecoms operator Safaricom .

"This is part of a multiple strategy to be able to allow money to flow," Jeremy Awori, chairman of the Kenya Bankers Association, said of the move to cut cheque clearance times.

"If we have more of this non-cash moving around and we reduce the amount of cash that is used for payments, it will help the economy grow faster," he told a news conference.

http://www.reuters.com/article/...es-idUSL6N0G12UG20130731
murchr
#3916 Posted : Wednesday, July 31, 2013 4:39:11 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nairob Securities Exchange wrote:
Turnover declined to Kes.391M from the previous session’s Kes.591M, the number of shares
traded stood at 22.3M against 22.6M posted yesterday.

The NSE 20 Share Index shed 9.41 points to stand at 4787.56.
All Share Index (NASI) was down 0.77 points to stand at 122.86.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mlennyma
#3917 Posted : Wednesday, July 31, 2013 5:25:47 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@murchr its good you have taken the job of updating the nse daily performance seriously. kudos
"Don't let the fear of losing be greater than the excitement of winning."
Mukiri
#3918 Posted : Wednesday, July 31, 2013 10:28:47 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
mwekez@ji wrote:
Kenya has cut clearing time for a commercial bank cheque to one day from two to reduce the costs of doing business and to fend off growing competition from mobile phone-based payment systems that operate in real time.

The east African nation accounts for half of all the money sent across mobile phone networks in the world per day, thanks to the M-Pesa service, offered by telecoms operator Safaricom .

"This is part of a multiple strategy to be able to allow money to flow," Jeremy Awori, chairman of the Kenya Bankers Association, said of the move to cut cheque clearance times.

"If we have more of this non-cash moving around and we reduce the amount of cash that is used for payments, it will help the economy grow faster," he told a news conference.

http://www.reuters.com/article/...es-idUSL6N0G12UG20130731

Amazing what can come out of competition.. Now what we need is legislation that checks unfair business practices eg monopoly. With the levels of corruption in our country, such legislation will go a long way to enhance Kenya's development

Proverbs 19:21
hisah
#3919 Posted : Wednesday, July 31, 2013 11:54:21 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
Nairob Securities Exchange wrote:
Turnover declined to Kes.391M from the previous session’s Kes.591M, the number of shares
traded stood at 22.3M against 22.6M posted yesterday.

The NSE 20 Share Index shed 9.41 points to stand at 4787.56.
All Share Index (NASI) was down 0.77 points to stand at 122.86.

This is how I see it. NSE20 fails to reclaim 4800 handle on rebound as July closes. August will be key as the range tightens. Sept & Oct the range breaks up or down... The more time the index spends chopping (sideways) at the resistance level without powering up, harder it'll fall when sellers become desperate.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#3920 Posted : Thursday, August 01, 2013 4:06:49 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nairobi Securities Exchange wrote:
Some 17M shares valued at Kes.298M were traded in 1,400 deals, down from 22M shares that were valued at Kes.391M posted the previous session.

The NSE 20 Share Index shed 6.16 points to settle at 4781.40.
All Share Index (NASI) edged up 0.17 points to stand at 123.03.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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