Signs of a bull run in the banking sector

Total industry lending increased to Sh1.69 trillion in the first three months of the year from Sh1.6 trillion last December, a 5.6 per cent growth.
That enabled the banks to make a massive Sh33.4 billion in pre-tax profits compared to the Sh28.2 billion they made last year, an 18.4 per cent increase.
The performance has been behind the recent rallying of bank stocks at the Nairobi Securities Exchange (NSE), which analysts expect to continue attracting investor attention in the coming months.
http://www.businessdaily...6/-/49wqf5z/-/index.html

I am on to KK at 8.9 and KPLC at 14.8

undervalued. but not for speculators, gains may take years to come

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@aguy - we are getting close to the TA resolutions (triangle and compressed BB) on the NSE20. And it looks bearish... The return of bargains perhaps and a very queit wazua period



The index has been above 4900 since the April low. Today it closed @4,899.92. We are in a series of lower highs since Nov 2013. Once the index prints a lower low from the triangle break downwards (sub 4800), things will move very quicky...

I repeat, I'm bearish banks...