@Youcant - KCB is still trying to hold on above 19.50. The next attempt and success to close below will see it plunge to 18/-
Indeed the 3500 flood-gate is sweeping things downstream swiftly...
NSE today will reclaim the 3300s handle on close which we will know in the next hour when the index metric is computed...
Last Friday the close was 3507.
This week the close will be... closed at 3397 (sub 3400 in a span of 4 days since Aug 29). No support coming anytime soon...
Making the weekly loss... lost 110pts - down 3.13%
Wanjiku will have to grow very thick skin to brave this squeeze.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!