Two weeks at Nairobi Stock Exchange, the signs are good
Top Gaining and Loosing stocks in the last two weeks
The last time I wrote something about NSE I was so mad at everyone..brokers, CMA, and NSE management to an extent that i suggested people get their money out of NSE and keep it under their mattresses. In the end i got very sound advice from many prominent bloggers and went back to the market to monitor the situation there.
Apart from E.A Portland Cement, which recorded the biggest drop, Car and General, Pan Africa Insurance NIC bank and Coop bank, all the other counters made some significant gains in that period. The highest being recorded by Equity Bank followed by Nation Media Group. Some commentators and analysts still believe it is not yet time to pop the champaigne. An article by Reuters on the Nation.co.ke website http://www.nation.co.ke/business/news/-/1006/543596/-/j177hjz/-/index.html reports that the Kenyan stocks will remain under pressure in week ahead, supported by the fact that Nairobi Stock Exchange’s main index, the NSE-20 , fell to 2,375.01 last Friday compared with the previous week’s close of 2,474.8 points
So the overall outlook is better now and i guess we are heading to that period where people will start regretting why they did not buy the shares when they were very low… Well there is still time to do so now