@Lochaz is the one who is on this bear trade @Mnandii says we will not break the lows.

18 year low on the NSE20 is 1000 points in 2002. We are yet to break the 11 year GFC low of 2360 in 2009. Then there is the small matter of the September 2019 low of 2419.

NSE is being held up by Safaricom and like 3 banks.

Hii 2020 tutaumia

I have done my back of envelope calculations and i with you, the further drop is still coming and we will go below the 2 support levels in 2020. We keep watch and updating each other.

From experience these tend to be temporary mini-rallies before resuming their downtrend

True the wazuan spirit

Acha nianze kutafuta to pick counter at cheap prices.

Very interesting discussion going on here.

Other factors held constant(coronavirus impact and the US elections), the get out of jail meal will be served from early next month when Banks start reporting FY19.
Safcom, the bellwether stock has hit a dead end for now at the 33 levels, twice in a month, while member and simba have faced strong headwinds at the 55 level.

On the international scene, the 2020 US elections shall see the mother of all battles, battle royale, with china fielding its candidate, Mike Bloomberg to face off with Russia's 2016 candidate Donald Trump.
Remember the Dems played the Stock Market card in 2008 to get into power. Will they use Mike this time? Let's see how the Dow performs as we head into the elections.
The dollar has been gaining vs other currencies in the wake of this coranavirus threat and this, coupled with our weak economy saddled with huge debts and a possible referendum around the corner will have an adverse effect on the NSE.

Investor should consider selective entry in the many dips that will show up this year at the NSE.

The goose is cooked internationally for Q1. Even if there isn't a single new infection of the virus, Q1 is in the dumps for most jurisdictions. The impact so far on supply chains, tourism, consumerism/retail, air traffic/shipping can't be undone. For starters, shave about 1-2% of China, Japan is a dead on certainty to hit a recession,Germany and its dependence on UK and China for its automobile industry is in trouble by proxy. Hong Kong will look to extend its recessary trend from 2019, Singapore and South Korea have also slowed down and underestimated their preparedness to combat the virus. Seems only the US is holding out.

As for CBs they are tapped out. The fed has its hands full with the repo crisis, the less said about ECB and BoJ the better...just have a peek at the euro and yen, it is a bloodbath. That leaves the only the PBoC to dyke the dam which is a a tall order considering they will be the worst hit by the virus. Central planning has had a good run with QE and other financial engineering programs but time is almost up for their gigs.

Safcom the bellweather of NSE