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Madness at the NSE
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Sufficiently Philanga....thropic wrote:Co-op bank rallying hard! HAFR, the monkey, sitting at the table with the big boys.Wonders these  COOP is a stock to watch
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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nairobby wrote:NSE is back baby! I hope you are squarely inside one of the buses and you are not like others who like making too much kelele and yet hold nothing. The winter has been long and dark. Lets enjoy the sunlight Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Santa Claus rally coming early. Possible to make 20-30% gains by Christmas. Life is short. Live passionately.
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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sparkly wrote:Santa Claus rally coming early. Possible to make 20-30% gains by Christmas. this rally was lastly witnessed during kibakis time, about 5 counters hitting 10%....supply dries in BBK,NCBA,CO OP,HFCK Don't chase, wait for profit taking people were very hungry "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote: With the resistance set at 2420 on top of a GFC low of 2360 and a jumbo volume spike at current levels it will take a sell-off of monumental proportions to breach those targets. That will set up a nice fear gauge/capitulation measure when it pans out probably in H2 of 2020. I don't expect the current rally to push above 3000 and not much either in the way of aggressive lending by banks. Going forward it is still risk management that is imperative rather than seeking outsize returns especially if the old loans are to be repriced. Turning my gaze to KES, bond yields, bank bond holdings and the now resurrected CBR. Curious that BBK, SCBK and stanbic join the laggard HFCK on low trade volumes coupled with zero foreign buying in contrast to what is happening to Coop, Kcb, Equity and DTB on both metrics. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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lochaz-index wrote:Sufficiently Philanga....thropic wrote: With the resistance set at 2420 on top of a GFC low of 2360 and a jumbo volume spike at current levels it will take a sell-off of monumental proportions to breach those targets. That will set up a nice fear gauge/capitulation measure when it pans out probably in H2 of 2020. I don't expect the current rally to push above 3000 and not much either in the way of aggressive lending by banks. Going forward it is still risk management that is imperative rather than seeking outsize returns especially if the old loans are to be repriced. Turning my gaze to KES, bond yields, bank bond holdings and the now resurrected CBR. Curious that BBK, SCBK and stanbic join the laggard HFCK on low trade volumes coupled with zero foreign buying in contrast to what is happening to Coop, Kcb, Equity and DTB on both metrics. Taking down 3000 on the NSE would take turbo volumes and more importantly fiscal discipline by GoK. It would be interesting to see the bond trade volumes going forward as banks choose to either take a hit on AFS bonds or reclassifying them to HTM. I like that KES has reacted positively to the news. It would be interesting to see how the pair trends in the coming days. @SufficientlyP
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Fyatu wrote:nairobby wrote:NSE is back baby! I hope you are squarely inside one of the buses and you are not like others who like making too much kelele and yet hold nothing. The winter has been long and dark. Lets enjoy the sunlight Bought EQT, KCB during the dip at 36/37. Tuko ndani kabisa.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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nairobby wrote:Fyatu wrote:nairobby wrote:NSE is back baby! I hope you are squarely inside one of the buses and you are not like others who like making too much kelele and yet hold nothing. The winter has been long and dark. Lets enjoy the sunlight Bought EQT, KCB during the dip at 36/37. Tuko ndani kabisa. Good man. Lets now enjoy the ride for the next three - five years. Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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mlennyma wrote:sparkly wrote:Santa Claus rally coming early. Possible to make 20-30% gains by Christmas. this rally was lastly witnessed during kibakis time, about 5 counters hitting 10%....supply dries in BBK,NCBA,CO OP,HFCK Don't chase, wait for profit taking people were very hungry My counter Diamond Trust seems mute to the good news
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Kenya Banking Stocks (Market Closed) ~ Housing Finance 10% ~ Coop 10% ~ IMH 10% ~ NCBA 9.99% ~ Equity 9.63% ~ KCB Group 8.89% ~ DTB 8.23% ~ Barclays 7.63% ~Stanchart 3.24% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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mlennyma wrote:sparkly wrote:Santa Claus rally coming early. Possible to make 20-30% gains by Christmas. this rally was lastly witnessed during kibakis time, about 5 counters hitting 10%....supply dries in BBK,NCBA,CO OP,HFCK Don't chase, wait for profit taking people were very hungry And horny like a bull Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote: With the resistance set at 2420 on top of a GFC low of 2360 and a jumbo volume spike at current levels it will take a sell-off of monumental proportions to breach those targets. That will set up a nice fear gauge/capitulation measure when it pans out probably in H2 of 2020. I don't expect the current rally to push above 3000 and not much either in the way of aggressive lending by banks. Going forward it is still risk management that is imperative rather than seeking outsize returns especially if the old loans are to be repriced. Turning my gaze to KES, bond yields, bank bond holdings and the now resurrected CBR. Curious that BBK, SCBK and stanbic join the laggard HFCK on low trade volumes coupled with zero foreign buying in contrast to what is happening to Coop, Kcb, Equity and DTB on both metrics. Taking down 3000 on the NSE would take turbo volumes and more importantly fiscal discipline by GoK. It would be interesting to see the bond trade volumes going forward as banks choose to either take a hit on AFS bonds or reclassifying them to HTM. I like that KES has reacted positively to the news. It would be interesting to see how the pair trends in the coming days. It will be interesting to observe GoK's fiscal position and its impact on the economy at large vis a vis sailing choppy waters both domestically and globally going forward. On fiscal discipline, we can write that off as a unicorn given that a new debt ceiling of 9T - approx 100% of GDP - was set specifically to enable KE to continue living beyond its means until something snaps aka kicking the can. There isn't much wiggle room left anyway so I guess the chickens will be coming home to roost. For banks, I would prefer the ones that significantly scale down and take the hit on AFS bond holdings rather than reclassifying them to HTM which would only exacerbate a fiscal doom loop. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member You have been a member since:: 6/26/2008 Posts: 384
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I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Think straight
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member You have been a member since:: 6/26/2008 Posts: 384
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lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know  . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 4/21/2015 Posts: 151
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xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. The CBK governor warns investors to expect lower returns from banks.Enjoy while it lasts!
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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If the cap goes it won't be very easy to get top banks at a discounted price "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Close of trade Thursday 31 October 2019 SCOM 23.21M 1.19T KCB 15.01M 159.78B EQTY 14.40M 175.48B COOP 2.93M 85.37B KEGN 2.45M 38.25B Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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