CBK weekly bulletin excerpts
"The holdings of Government securities by commercial banks increased from
52.4 percent in June 2009 to 57.6 percent as at February 19, 2010 while
those of pension funds declined marginally from 22.3 percent to 21.8 percent
during the same period. Similarly, holdings of insurance companies,
parastatals and other investors declined from 11.6 percent, 7.1 percent and
6.6 percent, respectively to 10.2 percent, 6.4 percent and 4.0 percent during the same period .
Given that institutional investor reduced their investment in government securities and most probably pumped those investments to stock and coupled by foreign investor interests the bull run is definately justified by this demand.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3