After the hard selling on AK it managed to bounce intraday after trading @5.65 and edged up to 5.95 by close of trading. 5.50-5.80 range is support for now as supply is diminishing.
@cde - hiyo NBK, caution... That large trade (in case of NBK avg daily volume 141K is oversize) @16.50 forced the price VWAP to slice down hard to close @16.60. Despite the bond repair coz of CBR cuts, loan book don't look very good. I like it as a GoK bank since mining revenue will seep here at some point, but it has to many skeletons that need to be cleaned out before it's a comfy counter. I hope the new mgmt sorts it out. It could become another KCB, but smaller in size when efficiency works its magic on it.
KCB closed at @39.25 a new all time high with turnover touching 333M (8.45M shares).
KK looks like a classic bull trap. In a few weeks we will know whether 12.50 will stand.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!