@aguy between Bamburi and ARM, I prefer the latter. If it sinks to 40s that's a good level to start loading up.
Mpesa bank is bouncing furious after testing sub 14 handle. Financials are also bouncing hard

This is expected since the nosedive was rapid and the oversold readings got too stretched. They need to reset. Bullish momentum will however start stalling towards 4700 - 5000 level. Don't be surprised when NSE20 tests 4000 handle or lower in the next tanking episode.
Nothing has changed on the econ macros and this will be obvious when the GDP numbers start coming out.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!