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How to tell NSE has bottomed out
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hisah
#4051 Posted : Monday, September 02, 2013 12:55:13 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


TA tea leaves.

SMA 50 and lower BB clustered at 4500 while SMA100 and SMA200 are now converging at 4000 level with RSI starting to look bearish with volume spike in Aug 2013 towering all in this 2yr chart. If the market dips below 4500 on this huge volume spike, a trend shift will be confirmed.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#4052 Posted : Wednesday, September 04, 2013 9:20:59 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kenyan shares halt slide after central bank keeps rates on hold

Kenyan shares halted a seven-day slide on Wednesday after the central bank kept its key interest rate on hold a day earlier, signalling it is keen to support growth despite a higher inflation outlook.

On the foreign exchange market, shilling held steady with traders forecasting the local currency would remain in a narrow range.

The Central Bank of Kenya met market expectations when it kept its benchmark interest rate unchanged at 8.50 percent on Tuesday, saying inflation was contained within an acceptable margin of its medium-term target.

Treasury Cabinet Secretary Henry Rotich said on Wednesday he expected a one-off rise in some consumer prices in September after lawmakers widened the bracket of goods subject to value-added tax.

The main NSE-20 share index edged up 0.3 percent to 4,659.85 points. The index had lost 3.7 percent in seven straight sessions since Aug. 26 on investor profit taking as a half-year earning results season came to an end.

It is still 12.5 percent up so far this year.
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mwekez@ji
#4053 Posted : Friday, September 06, 2013 10:06:35 PM
Rank: Chief

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

Today’s turnover rose to Kes.845M on a volume of 52M shares, up from Kes.486M on 17M shares posted yesterday.

Week on week turnover declined to Kes.2.2bn from Kes.4bn posted the previous week, the number of shares traded stood at 107M against 248M the previous week.


The NSE 20 Share Index was up 0.24% during the week to stand at 4708.95 points.

All Share Index (NASI) was up 1.95% during the week to settle at 122.30 points.
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  | | Edit by user: Friday, September 06, 2013 10:36 PM | Reason: Not specified
hisah
#4054 Posted : Saturday, September 07, 2013 5:50:40 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Still a ranging or a sideways NSE20. Range between 4500 - 4800. Bear strength starts on breakdown of 4500 and vice versa breakout above 4800.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#4055 Posted : Sunday, September 08, 2013 9:03:46 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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hisah
#4056 Posted : Monday, September 09, 2013 11:19:13 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
http://www.businessdailyafrica....2/-/k579sfz/-/index.html

I hope we get another extreme negative sentiment period like in Nov 2012 - Mar 2013 for the market to keep ascending! Hope a large number of analysts issue lukewarm recommendations... Also wait for that exdiv period to pop up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#4057 Posted : Monday, September 09, 2013 8:14:53 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kenyan shares rose for the fourth session in a row on Monday, led by top telecoms operator Safaricom, which closed 2.5 percent higher as investors bought the stock ahead of a dividend payment.

The benchmark NSE-20 share index gained 0.3 percent to 4,722.89 points. The index has recovered after two weeks of falls as investors booked profits after companies' half-year results.

http://www.reuters.com/article/...ts-idUSL5N0H52LB20130909
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mwekez@ji
#4058 Posted : Tuesday, September 10, 2013 9:29:11 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kenya's main share index inched higher for a fifth session in a row on Tuesday, led by the bourse's biggest companies by market capitalisation Safaricom and East Africa Breweries (EABL).

The benchmark NSE-20 share index rose 0.03 percent to 4722.91 points.

http://in.reuters.com/article/2...ts-idINL5N0H62YL20130910
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hisah
#4059 Posted : Wednesday, September 11, 2013 2:47:53 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Kenya's main share index inched higher for a fifth session in a row on Tuesday, led by the bourse's biggest companies by market capitalisation Safaricom and East Africa Breweries (EABL).

The benchmark NSE-20 share index rose 0.03 percent to 4722.91 points.

http://in.reuters.com/article/2...ts-idINL5N0H62YL20130910

Huffing & puffing as the struggle to stay afloat intensifies. Hague drama might just trigger the balloon deflation for mr market to give sweet discounts.

As for EABL crucial support lies @270 - 280 zone. So far it has not cracked. A retest and bounce will confirm defence meaning 426 will be revisited later.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mukiri
#4060 Posted : Wednesday, September 11, 2013 11:02:03 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
hisah wrote:
mwekez@ji wrote:
Kenya's main share index inched higher for a fifth session in a row on Tuesday, led by the bourse's biggest companies by market capitalisation Safaricom and East Africa Breweries (EABL).

The benchmark NSE-20 share index rose 0.03 percent to 4722.91 points.

http://in.reuters.com/article/2...ts-idINL5N0H62YL20130910

Huffing & puffing as the struggle to stay afloat intensifies. Hague drama might just trigger the balloon deflation for mr market to give sweet discounts.

As for EABL crucial support lies @270 - 280 zone. So far it has not cracked. A retest and bounce will confirm defence meaning 426 will be revisited later.

Boss, how deep are your pockets? We just had a discount the other day.. You still have money to buy some more?

Proverbs 19:21
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