Rich Today
The Nairobi All Share snapped a 4 Session losing Sequence to turn 0.401% higher to close at 126.76.
The Nairobi All Share is +33.628% in 2013 and just 1.683% below an All Time Closing High from Wednesday last week.
The Nairobi Securities Exchange [and coincidentally Ghana, Nigeria, Zimbabwe as well and I like to term it the SSA Middle] has been in a relentless Bull Market since May last Year.
We have just completed a Correction within the Bull Trend and Corrections have been well behaved and shallow since the Bull Market started last year.
The Nairobi NSE20 Index firmed 14.71 points to close at 4967.75.
The NSE20 closed above 5,000 4x in April and the Previous Occasion was in 2008.
The NSE20 has been circumspect of late below the 5,000 Figure but I expect a compelling move through 5,000 soonish.