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Does news move the markets?
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the deal
#1 Posted : Thursday, November 05, 2009 4:08:00 AM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
From what i have seen with KPLC and Carbacid good news does really move a stock or is it just the Nse dominated by retail investors where news is key instead of company fundamentals.My verdict is if ur investing on the Nse follow the news and you will survice.

The turtle always win the race.
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akowally
#2 Posted : Thursday, November 05, 2009 5:46:00 AM
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.............22 views....no reply.......let me go first

Any way it does...when Obama won the NSE resurfaced temporarily....when there was PEV (post election violence) NSE shukad seriously in days....passats affect CMC......e.t.c....the one that affects it the most is political unrest .... but well...that also depends on the definition you have of news .... because also stuff like profits,losses e.t.c. are business news and the WILL affect the markets

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tonicasert
#3 Posted : Thursday, November 05, 2009 5:57:00 AM
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I beleive there are also people who get wind of such details before it hits the media,so the news (at release) will already be priced in on the stock.
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Gordon Gekko
#4 Posted : Thursday, November 05, 2009 9:51:00 AM
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Joined: 5/27/2008
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@toni,that is a serious allegation - insider trading
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cnn
#5 Posted : Thursday, November 05, 2009 9:52:00 AM
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Joined: 6/17/2009
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@the deal...you lose me.You find nothing in the news that backs the fundamentals of Carbacid and Kplc?.The counters moved up because of speculation?

see it through my lens?
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the deal
#6 Posted : Thursday, November 05, 2009 10:20:00 AM
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Location: Windhoek/Nairobbery
@ cnn yes they moved due to speculation

The turtle always win the race.
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cnn
#7 Posted : Thursday, November 05, 2009 10:39:00 AM
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@ the deal,
they say little knowledge is dangerous,get your facts right or at least keep minnow opinion to yourself.If you seek to be enlightened herein you will find enough help from skerians.I beg to move.

see it through my lens?
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VituVingiSana
#8 Posted : Thursday, November 05, 2009 10:59:00 AM
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Joined: 1/3/2007
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Location: Nairobi
@cnn - wacha kudanganya... You said '@the deal...you lose me.You find nothing in the news that backs the fundamentals of Carbacid and Kplc?.The counters moved up because of speculation?'

****** KPLC announced great profits recently so the price jumped 20%. a nice dividend (8/-) was a sweetner as well. Almost 6% for the dividend. Yes,it is 50% of Kengen Bond but with potential to grow. That was the driver.
****** Carbacid has announced BEFORE the trading suspension was lifted an EPS of 22/- in this crappy time when other firms are losing chapaa... and a 15/- dividend!!! That was the reason for the jump in the price.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#9 Posted : Thursday, November 05, 2009 11:14:00 AM
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@ v v s
Those were questions i was putting to the @ the deal...i didnt talk of speculation anywhere.Read the posts again. I now hold shares in both companies and that is because all you said and more was within my grasp.

see it through my lens?
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Mainat
#10 Posted : Thursday, November 05, 2009 11:25:00 AM
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Joined: 11/21/2006
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Share prices (even NSE),are driven by 4 things:


Changes in companies fundamentals (think legal/environmental/political/economic/social/technology)
Other news
Speculation
Insider trading


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Sehemu ndio nyumba
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tonicasert
#11 Posted : Thursday, November 05, 2009 11:37:00 AM
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@GG,sure it is a serious offense,but we all know it happens...
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Kamaa
#12 Posted : Thursday, November 05, 2009 11:47:00 AM
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Joined: 10/6/2007
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Location: Nairobi - Kenya
think some of us underestimate the power or they don't know what it is NEWS!

according to my dictionary news could either mean...

1. recent information
2. current event
3. programme
4. somebody or something interesting
5. something previously unknown

tell me is this not bound to affect the market?

When you run so fast to get somewhere,you miss the fun of getting there... Life is not a race,so take it slowly....
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kizee
#13 Posted : Friday, November 06, 2009 9:21:00 AM
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traders move markets
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VituVingiSana
#14 Posted : Friday, November 06, 2009 10:06:00 AM
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@cnn - pole... IMHO the prices of KPLC & Carbacid (tho at 280/- seems too rich for me) moved coz of good results as well as POTENTIAL going forward...
**** At 140/- I think KPLC is a steal...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee
#15 Posted : Friday, November 06, 2009 11:17:00 AM
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as Tony said.. news in itself will not move price for as long as said news is not factored into the price..in a majority of markets arbitrage information exists and there is always someone with information that others dont..i say again traders move markets..news moves traders
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Wondergirl
#16 Posted : Monday, November 09, 2009 6:26:00 PM
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Joined: 9/12/2009
Posts: 312
Talking of news moving the markets,why is the price of C.M.C not moving upwards with the news that they just sold a handsome number of Passats just before the closure of books? I thought this would translate to better divideds...
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the deal
#17 Posted : Tuesday, November 10, 2009 7:30:00 AM
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If the passat deal translates into bumper profits then come feb cmc holders will be smiling all the way to the bank....

The turtle always win the race.
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Juojo
#18 Posted : Tuesday, November 10, 2009 12:36:00 PM
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Joined: 7/7/2009
Posts: 41
Of course news move the market,especially in a market like ours that is full of too many short term investors,translating to,SPECULATORS!

Its like the brokers are sleeping on their jobs of providing advice,they are just preying on the commissions,hence trying to get as many transactions as they can without keeping in mind the impact on the investor.

News can also be indirect,eg. The fact that Centum acquired a big chunk of Carbacid that is doing very well means positive news on the Centum stock.You just need to lookm @ the news in 3D.
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