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How to tell NSE has bottomed out
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Aguytrying
#4031 Posted : Thursday, August 29, 2013 8:04:14 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I'm impressed international factors affect nse more than local factors, means it has a global reach ala foreign investors
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#4032 Posted : Thursday, August 29, 2013 12:00:29 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
murchr wrote:
mwekez@ji wrote:
mkeiyd wrote:
murchr wrote:
hisah wrote:
Btw watch out for oil. If the price spikes above $120/bbl it'll be time to get defensive. NSE is still bullish, but that oil price spike will crater the markets globally. Oil price has spiked $8 in 3 days and currently trading at $117 surpassing the 2013 high.

Those holding KQ, KK, Total and industrials hold on tight if this Syria situation falls out, which is likely.


Will be safe if they hedged at 90s


I thought after KK's hedging, wazualand became anti-hedging?


Only @murchr supporting this. Anybody else?


@Mweke...the only "master hedger" if there's anything like that in Kenya has been the guy at KQ infact the little profits they reported in the yy prior to the huge loss were made from this.

Crude was less than $95 in June now $110, in 2 months. If KQ locked in a price of $95 for a years supply then they are good.

As for KK and the rest, i wonder how ERC will fill in this gap.


By pushing the burden to consumers via the price regulation
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hisah
#4033 Posted : Thursday, August 29, 2013 12:03:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
I'm impressed international factors affect nse more than local factors, means it has a global reach ala foreign investors

It is no secret foreigners have pumped in a lot of cash since Nov 2011. This effect is expected plus NSE now has two international indices i.e. MSCI KE index and FTSE NSE 15 & 25 indices. And FTSE also started a KE bond index. So, if the foreign platform gets spooked by global liquidity issues, the effect will be felt at NSE too. Btw if another GFC was to pop up, the selloff effect on NSE would be larger than 2008 - 2009.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, August 29, 2013 12:14 PM | Reason: Not specified
mlennyma
#4034 Posted : Thursday, August 29, 2013 2:36:40 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Going by the volumes,the market is still very alive.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#4035 Posted : Thursday, August 29, 2013 3:45:33 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
I'm impressed international factors affect nse more than local factors, means it has a global reach ala foreign investors

It is no secret foreigners have pumped in a lot of cash since Nov 2011. This effect is expected plus NSE now has two international indices i.e. MSCI KE index and FTSE NSE 15 & 25 indices. And FTSE also started a KE bond index. So, if the foreign platform gets spooked by global liquidity issues, the effect will be felt at NSE too. Btw if another GFC was to pop up, the selloff effect on NSE would be larger than 2008 - 2009.


ill give international news more attention. and eye popping comment. worse than GFC. that would be terrible but good
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#4036 Posted : Thursday, August 29, 2013 5:34:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Big volume watch




















Watching the trends going forward. Big volume always dictates the market direction. All the above have had one day trades above 0.4B at any one time in 2013. August being the month when the spikes have been the most. Closely watching esp now that volume spike (113M shares) has appeared on mpesa bank's counter...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, August 29, 2013 5:36 PM | Reason: Not specified
Sufficiently Philanga....thropic
#4037 Posted : Thursday, August 29, 2013 7:44:41 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Many thanks @Hisah for the charts. That mpesa vol today was eye catching. 113M, no joke. I see the 7.65 closing price today is ahead of vol as per the chart.
Will surely touch 8 tomorrow going by the surprisingly positive gains jana and today particularly in the US markets.
@SufficientlyP
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Metasploit
#4038 Posted : Thursday, August 29, 2013 8:03:10 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
@Mwekezaji

Kindly inform on todays % foreign buy and sale on Safaricom.

Many thanks!

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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cnn
#4039 Posted : Thursday, August 29, 2013 8:20:10 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Metasploit wrote:
@Mwekezaji

Kindly inform on todays % foreign buy and sale on Safaricom.

Many thanks!

It was a net 3% sell off by foreigners on this high volume day.
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murchr
#4040 Posted : Thursday, August 29, 2013 8:32:50 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
NSE wrote:
Buoyed by the sale of Safaricom shares, turnover soared to Kes.1.49bn on a hefty tally of 129M shares, up from Kes.584M on 38M shares posted yesterday.

The NSE 20 Share Index was down 34.10 points to stand at 4708.05.
All Share Index (NASI) shed 0.85 points to stand at 120.39.
"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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