NSE closes @3417 - down 90pts (2.57!%) for the week.
@QW - As promised. Britank closes @6.60 up 1.25 for the week a 23.4% gain... As usual @mleny takes this one for steely nerves. Sorry @QW
NBK - still no feet, freefall - closes @21... With the H1 losses, 15 is a realistic target! NBK fans that are trapped, hold on tight.
Update:
Mpesa has bounced 18.2% since going exdiv. @QW Mpesa exdiv short sell would have been underwater.
MSC is still up, trying to form a base like mpesa.
Sasini - 14 is still a solid barrier. Profit taking ongoing after a short bursty rally. Waiting to see if 12 will be tested for the next attempt to break 14.
HFCK - 19 - 20 is a solid barrier. Will head lower to 14.
Eqty - Needs to test 16 to confirm selling pressure. Losing the 16 support will see @qw's 13 level target.
ARM - slow motion slide. 120 would be a nice bargain.
The index looks like it may test the pin off @3357. If it bounces there we get a double bottom. A good sign. If it breaks the pin, 3000 is on the cards & these rallies will turn into premiums. Also the msc & mpesa basing support will give in & britank will tank below its low, making @5.35 look very rosy then.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!