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Why the NSE Index is taking a continuous tumble

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Genghis Khan		#51 Posted : Wednesday, March 09, 2011 8:33:54 AM
Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi		VituVingiSana wrote: Yawn... the only thing that worries me is political stability... If we go to war in 2012... even the BEST Kenyan firm is in big trouble! - DTBK, Equity, NIC all have foreign operations but they are all regional & will be affected by problems in Kenya. Also Kenya remains the largest profit center - KenolKobil has diversified out of Kenya. Smart move but Kenya remains the Operations Center + Mombasa Port supplies Uganda. KK has a huge Kenya operation as well - KQ can fly its planes out in 2012 but the hangars, HQ & operations remain in Kenya. They need a 2nd hub that decreases their reliance on Kenya. - Tea firms export almost 100% of the produce but how do you harvest, process & transport the tea to the ports/airports? So I am confident that the share prices will rise to match the profits of most firms... but if 2012 means a civil war... we are screwed. Completely. Then you have little to worry about Lessons were learnt last time, I doubt violence will break out any time soon... violence is usually politically instigated and this Hague thing has our politicians rattled (thank God)... they wouldn't dare rock the boat again... thats my opinion. "I'd rather be lucky than clever... every time!" - ME "The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN "Space we can recover... time never!" - NAPOLEON BONAPARTE
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moneydust		#52 Posted : Wednesday, March 09, 2011 1:23:42 PM
Rank: Member Joined: 1/31/2007 Posts: 304		This plunge in prices at the NSE is really weird...it reminds me of 2008/09 when blue chip shares were going for a song ie eabl@99 KPLC @110 etc My gut feeling tells me foreign investors are behind this just as was the case then. Could it be because of the foreign exchange rate or turmoil in arab countries????
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youcan'tstopusnow		#53 Posted : Wednesday, March 09, 2011 4:44:06 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		MARKET IS CRASHING! GOD BLESS YOUR LIFE
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Muthawamunene		#54 Posted : Wednesday, March 09, 2011 4:55:22 PM
Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi		@youcantstopusnow come slow. we're far from crushing. Its jus some panicy buggers bailing out(most probably kina wanjiku who buy stock like skuma wiki) THe volumes surpport my case, how can 100 shares bring kengen to 12.75 ? But hope they go on, i will be happy to relieve them off their ''burdenous'' holdings at rock bottom prices.
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Sufficiently Philanga....thropic		#55 Posted : Wednesday, March 09, 2011 5:36:46 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		NSE tumbles to level it was on 12th March 2011, an year ago! At 4028, will it slide sub 4000 points kesho? Lets wait and see! BTW, Equity's fall by 3.85% in a day, was to me today's Financial segment shocker!It traded serious vols at 24.50! @SufficientlyP
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Cde Monomotapa		#56 Posted : Wednesday, March 09, 2011 6:11:16 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		youcan'tstopusnow wrote: MARKET IS CRASHING! Tihihi...
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youcan'tstopusnow		#57 Posted : Wednesday, March 09, 2011 7:38:52 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Muthawamunene wrote: @youcantstopusnow come slow. we're far from crushing. Its jus some panicy buggers bailing out(most probably kina wanjiku who buy stock like skuma wiki) THe volumes surpport my case, how can 100 shares bring kengen to 12.75 ? But hope they go on, i will be happy to relieve them off their ''burdenous'' holdings at rock bottom prices. The financials traded good volumes GOD BLESS YOUR LIFE
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hisah		#58 Posted : Thursday, March 10, 2011 5:12:21 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Sufficiently Philanga....thropic wrote: NSE tumbles to level it was on 12th March 2011, an year ago! At 4028, will it slide sub 4000 points kesho? Lets wait and see! BTW, Equity's fall by 3.85% in a day, was to me today's Financial segment shocker!It traded serious vols at 24.50! That 3900 - 4000 support level had better hold as I stated some few weeks back. From 3600 - 4000 the market rallied in a parabolic. If the support fails, 3600 is where it lands and that means more losses for blue chips. In a contrarian view, that is more blue chips bargains... Even if the NSE lands at 3000 it is not dooms day since the fundamentals are far much better than 2008 (PEV and Credit crunch) and 2009 (drought). However, if the global markets experience another credit crunch (especially due to national debt defaults), the effects will not be rosy... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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obiero		#59 Posted : Tuesday, September 18, 2018 10:24:40 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		A cyclic dance KQ ABP 4.26
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obiero		#60 Posted : Wednesday, September 19, 2018 6:27:22 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		ProverB wrote: the deal wrote: over exposure to banks...all the best in your self imposed exile... Actually on the contrary. ..follow DTK,Coop,Equity,KCB and centum since November 2010.. i'm good. real GOOD! ..just idle..nothing to do..slump entrenching even as results get released..nothing much worth doing.. NSE IPO my next big thing ... though KQ at lower pricing gets so tempting day after day.. Without vision, people perish.. The two men are taking us to realms unknown KQ ABP 4.26
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