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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ditto - Rich Today wrote:The Nairobi All Share retreated 0.658% to close at 125.24.
The All Share is +32.026% in 2013 and has corrected 2.861% off an All Time Closing High set in May.
The Nairobi NSE20 tumbled 1.42% to close at 4886.64.
The Nairobi NSE20 Index closed above 5,000 on April 2nd, 11th, 12th and May 31st this Year.
Prior to those Closes The last Time the NSE20 Index closed above 5,000 was on 21st July 2008.
The Securities Exchange traded mostly soft today with a Few Brightspots like Safaricom +1.38%, CFC +4.41%, KenGen +1.78%.
We are in a corrective Phase in a Bull Market.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE wrote:Buoyed by the sale of ARM Cement shares, turnover rose to Kes.682M on a volume of 32M shares, up from Kes.402M on 18M shares posted yesterday.
The NSE 20 Share Index was down 1.42% to stand at 4886.64 points.
All Share Index (NASI) shed 0.83 points to stand at 125.24
4860 had better hold or it's back to 4700 and 4600 levels as the tight triangle breaks down... $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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Foreign investors’ NSE activity drops - http://www.nation.co.ke/.../-/phg1k1z/-/index.html
Quote:“Local investors have suddenly shown interest in the stocks because of the fact that the period under review is the results period, hence they are keen on counters that have announced impressive dividends,” business development manager at NIC Securities Samuel Gichohi said.
Foreign investors’ participation at the stock market has declined for the third consecutive month as local investors edge them out.
Locals edging out foreigners... Too funny to comment anything here  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Those rising 10 year JGBs and US treasuries are causing a global sell off... If it continues we could be headed for 4,500 on the NSE 20 index  Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 9/12/2009 Posts: 312
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hisah wrote:NSE wrote:Buoyed by the sale of ARM Cement shares, turnover rose to Kes.682M on a volume of 32M shares, up from Kes.402M on 18M shares posted yesterday.
The NSE 20 Share Index was down 1.42% to stand at 4886.64 points.
All Share Index (NASI) shed 0.83 points to stand at 125.24
4860 had better hold or it's back to 4700 and 4600 levels as the tight triangle breaks down... Hisah, is the bull run on? Or is the bear out of hibernation?
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mwekez@ji wrote:kryptonite wrote:symbols wrote:guru267 wrote:mwekez@ji wrote:guru267 wrote:I hear one of the dyer and Blair servers crashed so no online trading! Looks like we will have low volumes today given D&Bs market share! >What D&Bs market share? >Whats the frequency of their market research reports (daily, weekly, on material announcements) >Whats the quality of the market research reports? @Mwekez@ji I actually get daily reports... like clockwork! Don't know if its intentional or not but Enjoy Thanks for the link @symbols Great resource! muchas gracias @symbols ... Q > Does D&B do analysis of financial results when they are released? I cant find any of their analysis on the recently released Q1 2013 bank results. What is more, I can’t see any of their analysis of other companies results which have been released @For Sport,kryptonite and Mwekez@ji - Karibu.Don't know about any other analysis but if I stumble on anything I'll communicate it.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mwekez@ji wrote:kryptonite wrote:symbols wrote:guru267 wrote:mwekez@ji wrote:guru267 wrote:I hear one of the dyer and Blair servers crashed so no online trading! Looks like we will have low volumes today given D&Bs market share! >What D&Bs market share? >Whats the frequency of their market research reports (daily, weekly, on material announcements) >Whats the quality of the market research reports? @Mwekez@ji I actually get daily reports... like clockwork! Don't know if its intentional or not but Enjoy Thanks for the link @symbols Great resource! muchas gracias @symbols ... Q > Does D&B do analysis of financial results when they are released? I cant find any of their analysis on the recently released Q1 2013 bank results. What is more, I can’t see any of their analysis of other companies results which have been released @For Sport,kryptonite and Mwekez@ji - Karibu.Don't know about any other analysis but if I stumble on anything I'll communicate it.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:Foreign investors’ NSE activity drops - http://www.nation.co.ke/.../-/phg1k1z/-/index.html
Quote:“Local investors have suddenly shown interest in the stocks because of the fact that the period under review is the results period, hence they are keen on counters that have announced impressive dividends,” business development manager at NIC Securities Samuel Gichohi said.
Foreign investors’ participation at the stock market has declined for the third consecutive month as local investors edge them out.
Locals edging out foreigners... Too funny to comment anything here guru267 wrote:Those rising 10 year JGBs and US treasuries are causing a global sell off... If it continues we could be headed for 4,500 on the NSE 20 index Tick tock
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Wondergirl wrote:hisah wrote:NSE wrote:Buoyed by the sale of ARM Cement shares, turnover rose to Kes.682M on a volume of 32M shares, up from Kes.402M on 18M shares posted yesterday.
The NSE 20 Share Index was down 1.42% to stand at 4886.64 points.
All Share Index (NASI) shed 0.83 points to stand at 125.24
4860 had better hold or it's back to 4700 and 4600 levels as the tight triangle breaks down... Hisah, is the bull run on? Or is the bear out of hibernation? Just a correction for now. Below 4000 would mean the bear is back. As @guru points out, jap 10yr rising bond yields and US treasurys are causing market jitters globally. Jap is especially in a crossfire since their central bank is in the middle of a huge stimulus econ program that has crashed the yen for 6 months now. Their plan was on course until the jap bond yields started rallying. Remember both jap & US funding rates are near zero %. So a movement from say 0.4 to 0.5% is a major yield spike if you are holding bonds for trading. This also make it hard for corporates to float bonds as the yield spike period makes it expensive for them. Already Toyota has shelved its corp bond and other large jap corps. Jap can't afford expensive fund rates at the moment with their econ still recessed since 2011 after that mega quake. In US those bonds will crash the fragile housing market again!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/18/2006 Posts: 131
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That explains why the market is seeing red!
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How to tell NSE has bottomed out
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