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How to tell NSE has bottomed out
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the deal
#3461 Posted : Thursday, June 13, 2013 8:55:08 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
streetwise wrote:
The whole world is on a selling spree..where are they taking the money. There may be a n opportunity some where

The money is going into US treasuries..investors are betting on a strong US recovery...the one which can withstand high interest rates.
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hisah
#3462 Posted : Friday, June 14, 2013 7:25:01 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE20 closed below 4860 (@4838) as expected after breaking lower from the triangle. Selling pressure will persist for a while.

Now waiting for KQ to report today. Ugly figures with the selling mood will knock it down badly. Those in this bus sit tight.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#3463 Posted : Friday, June 14, 2013 8:55:33 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
NSE20 closed below 4860 (@4838) as expected after breaking lower from the triangle. Selling pressure will persist for a while.

Now waiting for KQ to report today. Ugly figures with the selling mood will knock it down badly. Those in this bus sit tight.


"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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guru267
#3464 Posted : Friday, June 14, 2013 9:19:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
hisah wrote:
NSE20 closed below 4860 (@4838) as expected after breaking lower from the triangle. Selling pressure will persist for a while.

Now waiting for KQ to report today. Ugly figures with the selling mood will knock it down badly. Those in this bus sit tight.




6 shillings wiped off the book value per share! Sad

Mark 12:29
Deuteronomy 4:16
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maka
#3465 Posted : Friday, June 14, 2013 10:03:16 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
streetwise wrote:
The whole world is on a selling spree..where are they taking the money. There may be a n opportunity some where

The money is going into US treasuries..investors are betting on a strong US recovery...the one which can withstand high interest rates.

Its more than that...
possunt quia posse videntur
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kazee
#3466 Posted : Friday, June 14, 2013 10:13:42 AM
Rank: Member

Joined: 9/18/2006
Posts: 131
maka wrote:
the deal wrote:
streetwise wrote:
The whole world is on a selling spree..where are they taking the money. There may be a n opportunity some where

The money is going into US treasuries..investors are betting on a strong US recovery...the one which can withstand high interest rates.

Its more than that...


Yesterday the shilling lost as many foreign investors sold their NSE holdings and hence were converting to USD. This doesn't sound good for foreign dominated counters like EABL, mpesa bank, member and roar
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Sufficiently Philanga....thropic
#3467 Posted : Friday, June 14, 2013 10:25:22 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Supply at mpesa corner is at 6.90 ATM.
Bei ya jioni reloadedsmile
@SufficientlyP
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mwekez@ji
#3468 Posted : Friday, June 14, 2013 10:30:18 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
kazee wrote:


Yesterday the shilling lost as many foreign investors sold their NSE holdings and hence were converting to USD.


@kazee wacha uongo. Yesterday the shilling lost for other reasons but not NSE >>> NSE recorded net foreign inflow
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Sufficiently Philanga....thropic
#3469 Posted : Friday, June 14, 2013 10:34:32 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
6.70 ATM
#SomeoneSaveMpesa
#ifonlysmile
@SufficientlyP
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kazee
#3470 Posted : Friday, June 14, 2013 10:35:04 AM
Rank: Member

Joined: 9/18/2006
Posts: 131
mwekez@ji wrote:
kazee wrote:


Yesterday the shilling lost as many foreign investors sold their NSE holdings and hence were converting to USD.


@kazee wacha uongo. Yesterday the shilling lost for other reasons but not NSE >>> NSE recorded net foreign inflow


@mwekezaji, don't shoot the messenger. See link below

Business daily link

Dealers said there was high demand for dollars by foreign investors who were seeking to convert their shilling earnings from the stock market.

“The Kenya shilling weakened on Wednesday, weighed down by foreign investors buying dollars as they booked gains from this year’s stock rally, pushing the main NSE share index lower,” said ABC in its update.
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