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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still pressing on the gas as the market fight (demand vs supply) continues. Most likely NSE20 will close more than 1% up which means 4700 handle will be vaulted. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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youcan'tstopusnow wrote:Aguytrying wrote:youcan'tstopusnow wrote:Turnover rose to Kes.421M from the previous session’s Kes.344M, the number of shares traded stood at 34M against 22M posted yesterday.
The NSE 20 Share Index gained a total of 13.02 points to stand at 4546.83.
All Share Index (NASI) was up 1.19 points to stand at 109.28.
Against all odds Once we are through with all these shennanigans, it's up up and away we go... All the market ever wanted was peace - and now it's got it! GOD BLESS YOUR LIFE
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Rank: Member Joined: 9/18/2006 Posts: 131
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hisah wrote:Still pressing on the gas as the market fight (demand vs supply) continues. Most likely NSE20 will close more than 1% up which means 4700 handle will be vaulted. @Hisah, if this trend plays out throughout the week, the index may sniff on 5,000. @MadamGuru, where at thou?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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kazee wrote:hisah wrote:Still pressing on the gas as the market fight (demand vs supply) continues. Most likely NSE20 will close more than 1% up which means 4700 handle will be vaulted. @Hisah, if this trend plays out throughout the week, the index may sniff on 5,000. @MadamGuru, where at thou? I'm only in the insurance party via Kenya re... But what a party it is... This melt up is crazy!!  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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No supply for most of the financials... GOD BLESS YOUR LIFE
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Rank: Member Joined: 9/18/2006 Posts: 131
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guru267 wrote:kazee wrote:hisah wrote:Still pressing on the gas as the market fight (demand vs supply) continues. Most likely NSE20 will close more than 1% up which means 4700 handle will be vaulted. @Hisah, if this trend plays out throughout the week, the index may sniff on 5,000. @MadamGuru, where at thou? I'm only in the insurance party via Kenya re... But what a party it is... This melt up is crazy!! @guru Am deep in the insurance too; CFCI, KenyaRe, Britam, and half of portfolio in Panafrica. *Belting up for the rise*
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Anyone still holding USD? Enjoy the meltdown ride! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oh my! Speechless! Look at the FTSE NSE15 and FTSE NSE25 - up 4.73% and 4.86% for the day!? Both indices almost up 10% since Mar 1 2013! FTSE NSE15  FTSE NSE25  Well if NSE20 manages to pop 4% forget about 4700. Actually 4800 will be eclipsed!?! 4% on NSE20 puts the index at 4844! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Buoyed by robust trading, the bourse opened the week on a high note with a total of 33M shares valued at Kes.658M transacted against Kes.405M on 17M shares posted last Friday. The NSE 20 Share Index gained significantly by 137.70 points or 2.96% to stand at 4796.33. All Share Index (NASI) was up 3.58 points to stand at 115.37. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE wrote:Buoyed by robust trading, the bourse opened the week on a high note with a total of 33M shares valued at Kes.658M transacted against Kes.405M on 17M shares posted last Friday.
The NSE 20 Share Index gained significantly by 137.70 points or 2.96% to stand at 4796.33.
All Share Index (NASI) was up 3.58 points to stand at 115.37. Yep. I wasn't badly off on crunching the index would shutter 4800. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Buoyed by robust trading, the bourse opened the week on a high note with a total of 33M shares valued at Kes.658M transacted against Kes.405M on 17M shares posted last Friday.
The NSE 20 Share Index gained significantly by 137.70 points or 2.96% to stand at 4796.33.
All Share Index (NASI) was up 3.58 points to stand at 115.37.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oh, I can see youcant, funky and myself were eagerly waiting for the NSE update With the index closing @4796 it has broken above 4701 (OCt 26 2010 high) as well as 4778 (Aug 21 2008 high). At this level NSE20 is back at 5yr highs - it is back in 2008 and focus shifts to 5000 which is within striking distance!?! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FUNKY wrote:http://www.theeastafrican.co.ke/business/Poor-rainfall-in-Kenya-to-affect-earnings-from-agriculture/-/2560/1715694/-/8n2q0l/-/index.html I fear for agri stocks. Strong KES with commodities poor performance is bad enough a cocktail esp for those with coffee only.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Oh, I can see youcant, funky and myself were eagerly waiting for the NSE update With the index closing @4796 it has broken above 4701 (OCt 26 2010 high) as well as 4778 (Aug 21 2008 high). At this level NSE20 is back at 5yr highs - it is back in 2008 and focus shifts to 5000 which is within striking distance!?! me too. 137 points. santa maria!! up up and away The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 14,059 Location: nairobi
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@stocksmaster needs to come out with a statement
KQ ABP 4.26
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Inflation rebound as well as fx reserves at low threshold means MPC will not cut CBR today despite the econ needing stimulus. Tough call for them... The next national budget will confirm if NSE closes the year around 5000 or above. Any CBR hike could send equities down at this stage. http://www.businessdaily...36/-/hyxhmg/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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#panic buying on the nse day 2. 3 stocks a bought long time ago gained more than 8 % touching intra day ceiling yesterday. HF, CFCI AND WILLIAMSON. Will the same happen today? I sure hope so. Time to reap. #making money 2013 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The cowards sold and kept their money,but money now is not king,the mongolia episode begins and everyday millionaires are being created...just hold somewhere even if its the tail coz the drama is here to stay. "Don't let the fear of losing be greater than the excitement of winning."
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