Uncategorized

Analysts say NSE stocks to continue rally after fall

NSE StocksThe Nairobi Securities Exchange declined for the second successive day on Thursday though analysts suggested the recent rally to resume after incredible results from listed companies.

Many counters registered lower trading prices in the critical morning trading session after what analysts opined was profit taking and market correction after the rally on Monday and Tuesday. The stock run saw NSE touch a four-and-a-half-year high.

But, people watching the market were optimistic as the NSE 20 share Index gained over 850 points since January and over 1,700 points in the one-year period since March 2012.

Kuria Kamau, a research analyst at Kestrel Capital, said that they expected it to be a small detriment on the way provided that companies continued to show nice profits like Britam and Diamond Trust Bank showed on that day. The market fundamentals looked good.

DTB and Britam declared tremendously improved earnings for last year and improved take-home for owners. Britam shareholders’ dividend rose 66 per cent to KSh. 0.25 a share. DTB shareholders would now earn a dividend of KSh. 1.90 per share, which had gone up by 20 cents.

Standard Investment Bank analyst Eric Musau was of the opinion that the unpredictability of the market would proceed even after companies announced their results and closure of books by others. This was because of the risk of political uncertainty in the country as the presidential poll petition had not yet been decided.

Mr Musau said that there was bound to be some pull back as some of the counters were overvalued and any time there was a blip in the market they were inclined to come down. Another factor was that because of the growth of the market this year there was bound to be some profit taking.

The NSE 20 share index closed on Wednesday at 4,911 points, which was down by 75 points on Tuesday’s 4,985.9 points. It dropped another 79.60 points on Thursday to close at 4,831.85.

The largest losers in Thursday’s trading were CIC Insurance which came down by 7.96 per cent, Centum by 7.25 per cent, East African Cables by 7.12 per cent, while Barclays dropped by 7.10 per cent.

While 33 counters were in the negative in intraday trading, only 9 registered price increase with Uchumi in the lead which traded 6.7 per cent at KSh. 21.75 which was up from Wednesday’s closing price of KSh. 20.50. Market capitalisation dipped to KSh. 1,572.885 trillion from Wednesday’s KSh. 1.6 trillion.

In the currency market, the shilling remained firm against the dollar in the initial trading, consolidating in the 85.30/35 range. Dealers at CBA stated that the shilling’s immediate gains had induced a rise in demand for dollars and hence slowed down its rise against the dollar.

As per the CBK data, the shilling exchanged at an indicative mean rate of 85.34 units to the dollar which was just 0.02 cents lower than Wednesday’s mean of 85.32 units.

Image courtesy: FreeDigitalPhotos.net

Leave a Comment

Your email address will not be published.

You may also like

Growing a Business

Want Great Guidance ? Find yourself a Super Mentor

post-image

They are the gods of small businesses, those inspired individuals who have achieved the highest levels of success. They can be the shining beacons who light up the path of running your business with their vision, wisdom and wealth of resources and contacts. They are The Mentors.

If you are fired with the passion to take your business to great heights, the best thing to do is find yourself a super mentor. Here are some tips to help in your quest

Pinpoint your Need

Sit down and focus your thoughts on your business growth strategy. Which area of the business needs a lift. Is is staffing, is it the finances, is it the production, is it the your lack of customers or is it the business as a whole that needs a makeover. Once you’ve zoomed in on the sore spot, this is where you need…

Read More
Growing a Business

Dreaming Big? You can Move Mountains with these Business Productivty Tips

post-image

You may be full of admiration for some people who seem to manage themselves and their work so usefully and efficiently. They seem to fit in so much productive work into the same number of hours which everyone has.. Let’s look what makes them tick and take a few tips.

Learn to identify your most productive hours

Its true, most productive people know which time of the day they can be most creative and efficient. They identify and allot these hours for the best part of their work. This way they are able to give their 100% awareness to the job and business productivity.

Early to rise- A winning habit

Waking up early is a personal habit that has all the plusses on its side. You need not necessarily go to work that early. It’s a habit that gives you more time for personal care, like mediation, exercise, walking,…

Read More
Growing a Business

Leadership Qualities that can make you an Icon

post-image

You may have reached the leadership position through sheer dedication to performance and a do or die attitude . Now that you are at the top, your viewpoint needs to change. You have to now be a role model, one whom others will look up to and follow. Here are some tips that can shape your leadership and management skills

Be Competent: Employees will look up to a leader who has good industry knowledge and management skills. If you do not possess these skills you should surround yourself with knowledgeable people who can offer good counsel. Competence is a trait all employees will admire.

Be Trustworthy: No one will look up to a person they cannot trust. Your employees will want to rely on you and count on you. In difficult situations, leaders are expected to apprise their employees of the situations and find solutions on how to address…

Read More
Raising Money

Are You offering Your Services Using the Right Pricing Strategies?

post-image

In these times of fierce competition, business people , mostly those that offer services and belong to the service based industry, are finding it a challenge to implement the right pricing strategies. It is virtually a struggle to set the right business price that will retain and attract the customers, and not drive them away. Follow these tips, the crucial dos and don’t s and you may be in a much better position to offer your services at the best price.

Maintain your Business identity and Dignity

If you are offering a unique or special product or service, don’t underrate it just because you want to build a better relationship with the customer. This will just cheapen your offering as another run of the mill. If its something special you are offering the customer, then communicate this fact to the client and get the equation right with the most…

Read More
Raising Money

What is a Fair Wage? How Do you Assess Fair Wage?

post-image

How do you figure out a fair wage?

This is a very common question for startups and small businesses. They can’t seem to decide or understand how to set wages and manage reputations at a time. They are determined to pay well but they also have to think about encouraging their employees to stay with them for a long time. This is why there is a need to think strategically.

Listed below are a few expert tips to help you decide:

Don’t Focus Only on Money

Money should never be the main focus for you or for your employees. You should decide on the wages in such a way that your employees are tied to your business. When your business does well they should be able to taste that success and vice versa.

Also, think about additional perks such as exclusive benefits and time off. Many employees value this more than the overall…

Read More
Raising Money

Tips to Winning Hard Negotiations With Ease

post-image

While some negotiations are easy, others are quite hard to win. If you stumble you will lose.

Whether it is a potential client or an investor, negotiations can be very tough and frustrating. The problem is that the moment you let your frustration overwhelm you, you will lose the deal and you will give in to whatever is being offered to you. In order to avoid that, here are tips to overcome tough times and to win even the hard negotiations:

Research!

Know your opponent as well as possible. This is the rule no matter what you do. You should understand your opponent to the T. Who the person is, what his culture is, what he thinks, what he stands for, how is his network, etc. are the questions you should ask yourself and answer through research before meeting up for the negotiation. Understanding the opponent will give you a great advantage.

Walking…

Read More