How is mpesa bank a popular stock? The market reports have always shown the locals are net sellers for the longest time. Unless mpesa bank gets the buy climax symptoms witnessed in 2014 by britam, centum and equity (golden handcuffs) as locals rushed in, I doubt it'll pop as most expect! If the current rally was happening in a bull market with locals behind the rally, it'd qualify as a bubble waiting to burst.
Meanwhile I wait for 23 to print then evaluate the next likely outcome as long as 15 handle support remains intact.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!