'user' wrote:not yet for me.crops getting destroyed by rains in the north rift. dollar has refused to come down.lost tourism revenue due to war.cost of war.fuel prices likely to remain high due to dora.etc
and yet the foreigners still flock to the NSE.. bringing bulls with them
There is only one determinant of NSE share pricez.. FOREIGN PARTICIPATION..
The return of foreigners will restore the shilling below 95..
NSE companies except industrials are pretty much resistant to all the economic shocks presented to them.. This is evidenced by q3 performance
I believe stocks must rise as foreigners return to the market and pension funds unleash unused capital
Mark 12:29
Deuteronomy 4:16