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How to tell NSE has bottomed out
mwekez@ji
#4041 Posted : Thursday, August 29, 2013 8:57:36 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
cnn wrote:
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.


Foreign sales; 98.7%
Foreign buys; 95.3%

Price was bullish; +2% ... Cheers
Metasploit
#4042 Posted : Thursday, August 29, 2013 9:26:04 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
For the past week,Normal volumes traded on JSE,Nigerian exchange,Brazi exchange etc etc..

Trying to see how FED's Mid sept meeting will affect the global indices

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
hisah
#4043 Posted : Friday, August 30, 2013 5:51:28 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
EOM (end of month) today as Aug comes to a close. Waiting to see how NSE closes the month. So far the FTSE NSE indices have reversed the month's gains with big volume showing up...

Sept will definitely confirm the direction of the market. Mpesa bank exdiv is 2 weeks away. Line in the sand is 6.50. EABL already at critical support level; break below it gets funky in a bad way. These 2 counters are heavy weights and if they both sink the indices will reflect them...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#4044 Posted : Friday, August 30, 2013 6:47:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
August ends with an ugly reversal that failed to clinch the 2013 highs on all indices. A selling bout is coming soon.




Compare with 2 weeks ago to see how strong the reversal is and on huge volume spikes. Not good at all Sad

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#4045 Posted : Friday, August 30, 2013 6:58:45 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Metasploit wrote:
For the past week,Normal volumes traded on JSE,Nigerian exchange,Brazi exchange etc etc..

Trying to see how FED's Mid sept meeting will affect the global indices

I think it's both OK & not OK for the mkts to profit (loss) over the 'when & how' but what has been there all along is that tapering ISN'T sudden cutting, abandon! e.t.c smile September might be a no-show & the Fed also understands that any false moves na nikufyam! Infact, it would probably be better to tie tapering to recovery of private sector confidence in the Real economy but when the other guy is still waiting for the other guy, then the authorities must step in. Read this article too. V/interesting: Have Emerging Markets Gotten Oversold? | Mark Mobius http://mobius.blog.frank...bius&nismseg=twitter
Cde Monomotapa
#4046 Posted : Friday, August 30, 2013 7:03:31 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:



"Cando! Diyo!" ~Teacher Wanjiku smile Weekend njema folks...
King G
#4047 Posted : Friday, August 30, 2013 7:42:58 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
I am happy with the hold hopefully upto end of September. Will be good for some.
Thieves
Sufficiently Philanga....thropic
#4048 Posted : Friday, August 30, 2013 8:15:01 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
August ends with an ugly reversal that failed to clinch the 2013 highs on all indices. A selling bout is coming soon.




Compare with 2 weeks ago to see how strong the reversal is and on huge volume spikes. Not good at all Sad


Serious exit vols seen in the last 2 weeks. Memba at 34.50,mpesa at 7.70 yesterday and today, and Simba at 45.
September will be a very volatile month. Internationally,fears on tapering,Syria,a strong USD and weaker emerging market currencies,thus high interest rates going forward,a possible increase in oil prices,German elections. Locally(KE), we will have to deal with ICC cases,a possible hike in cbr to save KES.
All in all,there's money to be made in volatility.
Take charge of your money!
@SufficientlyP
mwekez@ji
#4049 Posted : Sunday, September 01, 2013 7:48:09 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji
#4050 Posted : Sunday, September 01, 2013 8:00:52 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Uchumi seeks to cross-list on East Africa stock exchanges #rights issue set for the end of the year.
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