Might the gods have found favor in us and be smiling down at us again?? If am not wrong, I see a picking market. Index up for the last two days, prices picking albeit gradually, might we be out of the woods or is it too early to celebrate?? Out of 44 active counters, 27 were up and only 12 declined, while 5 were unchanged. Boy! Does it feel good to be writing about more gaining counters that loosers.
Equity shot up the highest, having commenced the appreciation on yesterdays trading. It closed Kshs. 9.00 higher at Kshs. 228. KCB also aced Kshs. 9.00 to close at Kshs. 239. Jubilee edged up Kshs. 6.00 to close at Kshs. 309. I still see equity going much higher with the anticipated profits for year 2006 expected to hit the Kshs. 1 bn. Point. The heat is bound to be concentrated on financials as investors anticipate the results expected to start trickling in this month.
There is however one financial counter pulling the pack behind, and thats CFC. Commercials also braved a loosing day with Marshalls, Car & General and Nation shedding Kshs. 3.00, 2.50 and 2.00 respectively to close at 34, 55.5 and 293 in that order.
I guess as we celebrate the possible market turnaround, there are still some counters that just won't play to the music!!!
Equity shot up the highest, having commenced the appreciation on yesterdays trading. It closed Kshs. 9.00 higher at Kshs. 228. KCB also aced Kshs. 9.00 to close at Kshs. 239. Jubilee edged up Kshs. 6.00 to close at Kshs. 309. I still see equity going much higher with the anticipated profits for year 2006 expected to hit the Kshs. 1 bn. Point. The heat is bound to be concentrated on financials as investors anticipate the results expected to start trickling in this month.
There is however one financial counter pulling the pack behind, and thats CFC. Commercials also braved a loosing day with Marshalls, Car & General and Nation shedding Kshs. 3.00, 2.50 and 2.00 respectively to close at 34, 55.5 and 293 in that order.
I guess as we celebrate the possible market turnaround, there are still some counters that just won't play to the music!!!
No comments:
Post a Comment