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How to tell NSE has bottomed out
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youcan'tstopusnow
#3281 Posted : Friday, May 17, 2013 8:28:51 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
NSE-20 share index was up 23.18 points to close at 4978.79
The NASI edged up 0.23 points to 126.75
On a weekly basis, the NSE-20 and NASI were up 1.84% and 3.45% respectively.
GOD BLESS YOUR LIFE
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hisah
#3282 Posted : Friday, May 17, 2013 8:37:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Still keeping an eye on this for more accurate foreign trade behaviour... MSCI KE index



Btw I stopped posting MSCI stats after Bloomberg decided to move it to their professional product side. Seems someone is observing wazua smile


Foreigners wamekataa mambo ya discounts... Broken down 1500 with a huge breakout...

This tide is keeping crap afloat as can be seen on paka and OHL. Another crap is SGL.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3283 Posted : Friday, May 17, 2013 8:58:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
cnn wrote:
EABL touches 400 snuffing all the supply at this price today,something more than beer is brewing here!

I can see @the deal is also wondering WTH is up with EABL via Bloomberg.

The chart is shaping up like bralirwa and this thing could continue melting up to wild levels. This foreign bid pressure is not fundamental based.

The 40 plus P/Es are making a come back while the econ is still trailing. 2006 P/Es but lagging econ... Will the econ recover fast enough to reset these P/Es on some bluechips like ARM, Mpesa bank, EABL etc?

http://www.bloomberg.com...ally-nairobi-mover.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3284 Posted : Saturday, May 18, 2013 9:11:32 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Professionals vs wanjikus. Very nice article this - http://www.zerohedge.com...ld-fear-money-sidelines

Quote:


The good news for the professionals is that many
amateurs persist in trying to beat the market and,
in aggregate, they seem to do a significantly worse
job than the professionals.

In short, amateurs may be able to beat the
investment professionals, but most do far worse.
This keeps professional investors in business.




To put it simply, if the market is not fed losers, it'll collapse. This is why ponzi scheme fail since no losers exist. Money is a scarce commodity and not all can benefit from the same. To maintain balance there must be winners and losers.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Saturday, May 18, 2013 9:20 AM | Reason: Not specified
cnn
#3285 Posted : Saturday, May 18, 2013 10:22:59 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
hisah wrote:
cnn wrote:
EABL touches 400 snuffing all the supply at this price today,something more than beer is brewing here!

I can see @the deal is also wondering WTH is up with EABL via Bloomberg.

The chart is shaping up like bralirwa and this thing could continue melting up to wild levels. This foreign bid pressure is not fundamental based.

The 40 plus P/Es are making a come back while the econ is still trailing. 2006 P/Es but lagging econ... Will the econ recover fast enough to reset these P/Es on some bluechips like ARM, Mpesa bank, EABL etc?

http://www.bloomberg.com...ally-nairobi-mover.html

In America with their market indices setting consecutive all time highs questions have been raised as to whether the fundamentals back the rallies....some have just gone,'do not fight the Fed'
Locally i would say 'do not fight the foreign bid pressure'.If they target a stock it appears the sky is the limit,Scangroup,BAT(this would have risen to past 600 were it not for the foreign ownership limit being reached) and now EABL.
Where will their interests turn to next?
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Cde Monomotapa
#3286 Posted : Saturday, May 18, 2013 10:56:21 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
The BATZ stock on the ZSE is now @810USc = KES.680. A stock @150USc looked very costly the other day so I concur with @cnn - don't fight the foreign bids.
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  | | Edit by user: Saturday, May 18, 2013 11:04 AM | Reason: Not specified
mwekez@ji
#3287 Posted : Saturday, May 18, 2013 11:25:42 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
.... I concur with @cnn - don't fight the foreign bids.


... I too concur. With these foreign bids, in the banking sector, Equity, KCB & Coop share prices will continue to surprise the market. CFC looks attractive but the foreigners cannot buy because they have already hit the maximum allowed shareholding threshold, and if they decide to sell to locals i wonder how the huge supply will be treated by market
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hisah
#3288 Posted : Sunday, May 19, 2013 10:51:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Keep watching... The JPM aka the morgue has landed.

http://www.businessdaily...8/-/vwlqcd/-/index.html

Quote:
It joins a growing list of large international banks that have set base in Kenya seeking to profit from big-ticket infrastructure and oil transaction deals being undertaken in the region.

A representative office has mandate to sign financing deals for its parent company, but is not allowed to collect deposits from the public.

Kenya is regarded as a commercial and infrastructural hub in East Africa with the ability to carry out long-term projects,” said Lloyd Muposhi, chief representative officer at FirstRand Bank in an article published on Friday in the Business Daily.


At some point a mongolia happened aka a multi year boom or equities melt up. Looking forward to that period.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3289 Posted : Sunday, May 19, 2013 11:00:21 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Foreign bid pressure on the verge of taking over member - http://www.businessdaily...-/12b8gykz/-/index.html

KE on sale... Think
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#3290 Posted : Sunday, May 19, 2013 11:17:10 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
V/interesting ~JPM
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