My 2 cents wrote:Dear Wazuans
You are all invited to the funeral mass of the NSE.
NSE caught a cold in 2015 and went into a coma in 2016.
NSE briefly recovered in 2017 only for his situation to deteriorate in 2018;only briefly recovering in 2019.
In 2020, covid striked and this sent NSE into another prolonged COMA. In 2021 he seemed to be recovering only to descend yet again in 2022. We had high hopes that he would recover post the 2022 elections unfortunately the high inflation rate in Kenya as well as the forex challenges have proved to be too much.
NSE has died.
He will be remembered as a person that have us a lot of joy (2012 - 2014) and lots of grief thereafter.
Please join me in mourning our dear NSE.
In an ideal situation, inflation should cause a rise in prices of shares.
Politicians can manipulate Wanjikus/hustlers to vote for them but the market is always dominated by intelligent people who are not easy to lie to.
For the longest, the nse index was being propped by safaricom shares which are currently being battered due to,inter alia, perceived government interference in the running of the company. If Ndegwa is replaced by somebody from the North Rift, a bloodbath will inevitably happen to the share; the long predicted 14 bob shall start to look like a bargain.
Further the replacement of the Upus Dei guy in June at the CBK has already started sending jitters in capital markets. The future looks very bleak.