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How to tell NSE has bottomed out
youcan'tstopusnow
#2071 Posted : Friday, January 25, 2013 5:14:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Week on week, turnover
declined to Kes.1.74bn
from Kes.2.49bn posted
the previous week, the
number of shares traded
stood at 143M against
133M the previous week.

The NSE 20 Share Index
shaved-off a total of
120.38 points during the
week to stand at 4379.71.

All Share Index (NASI)
shed 1.75 points during the
week to settle at 103.03.

FTSE NSE Kenya 15 Index
was down 0.66% during the
week to stand at 135.38
points.

FTSE NSE Kenya 25 Index
was down 0.46% during the
week to stand at 138.80
points.
GOD BLESS YOUR LIFE
hisah
#2072 Posted : Friday, January 25, 2013 10:05:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE20 down 2.68% for the week. The pullback has sliced below 4400 but the momentum is now slowing. Bollinger bands MA is around 4320 and I expect a bounce as the index approaches 4300 since the technicals are now reset from overbought extremes. KCB and EABL regained demand pressure today. First week of Feb should be interesting led by banks.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mwekez@ji
#2073 Posted : Saturday, January 26, 2013 12:15:56 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Noted; During the week the market saw a correction following the month long rally as investors sought to take up the gains made. Activity in terms of turnover slowed as volumes saw a marginal increase. The economic environment is still favorable for the equity markets which may explain the sustained confidence from foreign investors in the bourse as they dominate the buy side. It will be interesting to watch the direction the market will take as banks start releasing their full year financial mid next month with the coming general election in early March.
mwekez@ji
#2074 Posted : Saturday, January 26, 2013 12:21:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
BBK is expected to announce its FY12 financial results on 13th February #pre-valentine smile
ChessMaster
#2075 Posted : Sunday, January 27, 2013 3:20:07 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Should we start doing fundamental analysis of results as they come in?
Uncertainty is certain.Let go
Pesa Nane
#2076 Posted : Sunday, January 27, 2013 10:38:06 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mwekez@ji wrote:
#Noted; During the week the market saw a correction following the month long rally as investors sought to take up the gains made. Activity in terms of turnover slowed as. volumes saw a marginal increase The economic environment is still favorable for the equity markets which may explain the sustained confidence from foreign investors in the bourse as they dominate the buy side. It will be interesting to watch the direction the market will take as banks start releasing their full year financial mid next month with the coming general election in early March.

However, Equity turnover shed 29.79% as Kes 1.75bn worth of shares changed hands this week, down from Kes 2.49bn shares during the past week.
Pesa Nane plans to be shilingi when he grows up.
youcan'tstopusnow
#2077 Posted : Monday, January 28, 2013 6:15:53 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Upturn today:
The Bourse opened the
week with a total of 32M
shares valued at Kes.355M
transacted against
Kes.235M on 17M shares
posted last Friday.

The NSE 20 Share Index
closed 23.67 points higher
to stand at 4403.38.

All Share Index (NASI)
eased 0.08 points to stand
at 102.95.

FTSE NSE Kenya 15 Index
shed 0.69 points to stand
at 134.69.

FTSE NSE Kenya 25 Index
shed 0.79 points to stand
at 138.01.
GOD BLESS YOUR LIFE
hisah
#2078 Posted : Tuesday, January 29, 2013 8:55:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
NSE20 down 2.68% for the week. The pullback has sliced below 4400 but the momentum is now slowing. Bollinger bands MA is around 4320 and I expect a bounce as the index approaches 4300 since the technicals are now reset from overbought extremes. KCB and EABL regained demand pressure today. First week of Feb should be interesting led by banks.

NSE20 bounced yesterday to close back above 4400 after a series of lows after topping @4553. The overbought tech reading have now reset. I expect the indices to bounce as well with their tech readings also reset. Will banks earnings push the index above 4553 in Feb? The like of BAT, EABL, BAMB & mpesa bank need to hold or gain some to permit that challenge.

I can see OM securities have given up on NBK and no longer cover it in their reco. They've also put KPower. - http://www.businessdaily.../-/f6aktjz/-/index.html

kengen vs kpower, we will see by yr end just like nbk last yr. Wazuans vs IB/broker recos. Somebody start this thread then we see who's better for the next 5yrs.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
dunkang
#2079 Posted : Tuesday, January 29, 2013 10:25:27 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Foreign investor inflows at the stock market
rose 130 per cent in the fourth quarter of last year, compared with a previous period in 2011, on account of increasing confidence in the country and attractive yields.

According to data compiled by PineBridge
Investments, foreign investors injected Sh20billion in the fourth quarter of 2012 in the Nairobi Securities Exchange (NSE), up from Sh8.8 billion in a similar period in 2011.

http://www.nation.co.ke/...12/-/t8jd49/-/index.html
Receive with simplicity everything that happens to you.” ― Rashi

hisah
#2080 Posted : Wednesday, January 30, 2013 4:07:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
KCB, Mpesa bank, EABL, Uchumi and Equity are the top 5 turnover movers today. So far the big 3 (KCB, Mpesa bank and EABL) have pulled back and are now gearing for the next bull move.

I've also pointed out today a number of counters that are pending breakout moves. The complete list has 10 counters with expected price movement in brackets. Of interest is MSC, uchumi and CFCI since they have been seeing a lot of volume of late. Uchumi is sitting a the top of its range. If it fails to break above a double top will form and the reversal will be very nasty as profit taking ensues. CFCI has been getting a lot of volume, but the price has just stagnanted (accumulation). Same case with MSC, but its tech signals are mixed on the expected direction.

Keep an eye on these counters for the expected large moves.

KK (bear), KQ (,bear), MSC (neutral) Uchumi (bull), Carbacid (bull), TOTL (bear), CFCI (bull), C.Berger (bull), Kapchorua (neutral), WTK (neutral)
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
569 Pages«<206207208209210>»
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