It seems most counters are in the green so far today. I think it is a +vely strong budget reaction? Anything else at play?

Not too fast! ...no new cash has been pumped into the market..just trade offs n interchangin counters!!..u need a bit more data for that....not just prices!

..if it is not expressly prohibited in law.. DO IT!!!!

(1) The budget is just that - a budget. Reality is different. Earnings from tourism & horticulture will drop leading to lower tax revenues & fewer jobs. (2) As long as the roads are built by the Chinese,Kenyans receive the dregs since the Chinese import almost all the raw materials. The supervisors are all Chinese. BUT good road help the economy. (3) The MPigs will not pay taxes & will get more perks! Waste of cash!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

lets take the outlook with a pinch of salt...the coming weeks should be an indicator of the market reaction to the budget...

From a Little Spark may burst a Mighty Flame...

I think in the long term the NSE will take a direct hit if the budget recommendations are put in place.

Case in point: if the NSSF is to pump all money in the Govt. bonds and bills and not the stock exchange,then there will be reduced demand and a further plummet.

My take is to invest in both the market as well as the bonds and bills !


The Hedonist