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Friday 23rd of January 2015 |
Morning Africa |
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If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox as your Browser. 0930-1500 KENYA TIME Normal Board - The Whole shebang Prompt Board Next day settlement Expert Board All you need re an Individual stock.
The Latest Daily PodCast can be found here on the Front Page of the site http://www.rich.co.ke
Macro Thoughts |
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Kim's 'crime' is Putin, not Sony By Peter Lee Law & Politics |
I speculate that a more immediate explanation for the quick sanctions slapdown was that Kim Jung Un had compounded his diplomatic crime of trying to split and circumvent the Six Party Talks united front through unilateral outreach by dealing with the Monster of the Century (actually monster of three weeks ago and I expect soon to resume the crown) Vladimir Putin.
The PRC and the US, in fact, have a joint interest using the Six Party Talks to neutralize independent North Korean diplomacy and keep the initiative out of the hands of the DPRK and, for that matter, South Korea, Japan, and the Russian Federation.
The PRC, I think, wants to maintain North Korea as an impotent buffer state under its thumb, and the United States wants to quarantine North Korea as a nettlesome nuclear power (and, perhaps, an important non-Chinese justification for the enormous US's North Asia military presence). Neither superpower, in other words, places a high priority on seeing North Korean diplomacy evolve beyond the current futility
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FAR away in distant lands lies the Hermit Kingdom. This land is ruled by The House of Kim and its capital is Pyongyang. 29-11-2010 Law & Politics |
They all have had tiny little hands like the Elves in the Elves and the Shoemaker. And this country has nuclear weapons and on its border with its neighbour South Korea sit 25,000 American soldiers.
The media keeps chanting like a mantra, China will rein North Korea in. It is not in their Interests to have a mad dog like North Korea as an ally. And whether its the BBC, The New York Times or Radio France. I venture this is an embedded narrative fallacy and that most Western commentators are apparently popping Qaaludes.
China is taking a much more forward position and particularly in Asia, its near abroad.
I believe North Korea is the perfect instrument for China
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The Houthis aim the sword @Economist Law & Politics |
AFTER many debilitating jabs, Yemen's Houthi rebels appear to be moving in for the kill against the staggering government of President Abd Rabbo Mansour Hadi. The mostly Shia militiamen burst out of their northern redoubt in 2011 and advanced progressively into the capital, Sana'a, by cannily exploiting the country's power vacuum, engaging in populist politics and launching a series of well-timed attacks.
Mr Hadi was said to be hiding at his private home, surrounded by armed foes.
The consequences of instability in Yemen extend far beyond its borders.
A damaged trolleybus after it was hit by a shell in Donetsk, Ukraine. Photograph: Barcroft Media/TASS http://www.theguardian.com/world/2015/jan/22/donetsk-bus-stop-shelling-kills-13
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@BarackObama will not meet @Netanyahu on US trip: White House Law & Politics |
Washington (AFP) - President Barack Obama will not meet Benjamin Netanyahu when the Israeli prime minister visits the United States in early March, the White House said Thursday.
"The president will not be meeting with Prime Minister Netanyahu because of the proximity to the Israeli election," said National Security Council spokeswoman Bernadette Meehan.
'Chief Guest' @BarackObama Will Sit for Hours So That India and U.S. Can Move Closer http://www.bloomberg.com/news/2015-01-23/india-embraces-obama-as-part-of-long-term-plan-to-mend-relations.html
Barack Obama will do something in India on Monday that an American president almost never does in public.
He'll sit in one place, in a foreign country, for hours.
Obama will be the official "chief guest" at India's Republic Day parade. The first U.S. president invited to attend, his presence will signal an increasingly close relationship between partners with a sometimes prickly history.
Though presidents avoid lingering in public for security and schedule reasons, Obama will remain on a reviewing stand alongside his host, Prime Minister Narendra Modi, in the view of thousands of spectators and a television audience of millions.
The unusual appearance -- also making him the only two-time U.S. presidential visitor to India -- caps a remarkable turnaround in bilateral ties since the December 2013 arrest of an Indian diplomat in New York.
"As we look forward at the kind of global priorities where we want to make progress the next two years, we literally cannot achieve our objectives without cooperation from India," Ben Rhodes, Obama's deputy national security adviser, told reporters this week.
While in Delhi, Obama will give a speech, attend a chief executives' summit, and join Modi for a question-and-answer session on state-run radio. The president and first lady Michelle Obama will also tour the Taj Mahal in Agra, the white marble mausoleum that is India's best-known tourist attraction.
Conclusions
India rising under @NarendraModi
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12-JAN-2015 The Year of G2 as Europe Off Balance International Trade |
Money printing
Europe printed a negative year-on-year deflation rate of 0.2 per cent in December and the European Commercial Bank is imminently looking to launch a Quantitative Easing [money-printing] programme.
The euro/dollar exchange rate is headed to parity and even lower in 2015. I know Goldman Sachs has a parity call for euro/dollar in 2016, but I think the unravelling will happen in 2015 and a lot more quickly.
The economic blowback from the frozen conflict in Ukraine with Russia has exacted a price, as well. Economics and geopolitics are more intertwined than ever before. If European bond yields - they are at record all-time lows - are the 'signal in the noise', then this means Europe is in danger of a major 'death-spiral'.
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Currency Markets at a Glance WSJ World Currencies |
Euro 1.3336 touched $1.1315, the weakest since September 2003 Dollar Index 94.34 Japan Yen 118.38 Swiss Franc 0.8725 Pound 1.4998 Aussie 0.7996 Australia's dollar fell below 80 U.S. cents for the first time since 2009. India Rupee 61.535 South Korea Won 1083.65 Brazil Real 2.5742 Egypt Pound 7.3939 South Africa Rand 11.4161
A gauge of the U.S. dollar was set for its highest since 2004 on prospects America will outperform Europe and Japan, allowing the Federal Reserve to become the first central bank among the major economies to raise interest rates this year.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, gained 0.1 percent to 1,156.68.
"The prospect of the Fed statement next week -- which reiterates that the economy is recovering well and most likely they need to raise rates this year -- definitely underpins the dollar," Westpac's Callow said.
The dollar is the biggest gainer in the past week among 10 developed-nation peers tracked by Bloomberg Correlation-Weighted Indexes. It added 2.2 percent, the yen rose 1.4 percent and the euro was down 0.1 percent.
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Nigeria security adviser in favour of poll delay Africa |
Nigeria's national security adviser said on Thursday he had advised the country's electoral commission to consider delaying elections planned for next month so that it has time to distribute voters' cards to all those entitled to them.
Sambo Dasuki said during a talk at a London think-tank that the Independent National Electoral Commission (INEC) had 30 million cards left to distribute and had only managed to distribute 30 million in the past year.
"What sense does it make to vote three months early when there are 30 million cards still with INEC? That's my position," Dasuki said.
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NSE ranked third best performer in Africa @BD_Africa Kenyan Economy |
The NSE in full-year 2014 returned 19.2 per cent growth, taking account of all listed shares, while Tanzania and Uganda markets traded 22.7 and 14.1 per cent higher respectively.
The worst performers in local currency terms were Zimbabwe where the market lost 19.5 per cent and Nigeria which lost 16.1 per cent of its value in the year.
In dollar terms, however, most markets had negative returns. Performers with positive returns were only Kenya, Uganda, Tanzania and Malawi. The worst performers were Ghana, Nigeria and Zimbabwe.
Ghana lost 31.9 per cent while Nigeria and Zimbabwe lost 27.9 and 19.5 per cent respectively in the year.
31-DEC-2014 The Nairobi All Share will post its third consecutive winning year. http://www.rich.co.ke/media/docs/031NSX3112-2.pdf
CFC Bank raised Sh5.08 billion out of the anticipated Sh4 billion corporate Bond Nation http://www.nation.co.ke/business/CfC-Stanbic-Bank-Corporate-Bond-Expansion/-/996/2599042/-/otcev3z/-/index.html
The bond is priced at a fixed coupon rate of 12.95 per cent and qualifies as Tier II capital, which is aimed at further strengthening the bank's already adequate total capital position.
CFC Bank share price data here http://www.rich.co.ke/rcdata/company.php?i=MTU%3D
Par Value: 5/- Closing Price: 124.00 Total Shares Issued: 395321638.00 Market Capitalization: 49,019,883,112 EPS: 12.97 PE: 9.561
Kenya Shilling versus The Dollar Live ForexPros 91.75 http://j.mp/5jDOot
Nairobi All Share Bloomberg +1.4% 2015 http://www.BLOOMBERG.COM/quote/NSEASI:IND
165.17 +0.39 +0.24%
Nairobi ^NSE20 Bloomberg +1.18% 2015 http://j.mp/ajuMHJ
5,172.88 +12.92 +0.25%
Every Listed Share can be interrogated here http://www.rich.co.ke/rcdata/nsestocks.php
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N.S.E Today |
Yesterdays Announcement of QE by the ECB has sent the Euro into a Tail Spin and the Euro was last trading at 1.1178 versus The Dollar and is unravelling at speed and head to Parity versus the Dollar and below. International Markets have been extraordinary this year. It was only a few short days ago that the Swiss Central Bank lifted its EURO-CAP and sent the Swiss franc into orbit. The Nairobi All Share surged 0.905% to close at 166.68. The All Share is +2.326% in 2015 and within 0.5133% of an all time from last year. The Nairobi NSE20 rallied 45 points to close at 5217.88 Volume picked up clock speed to total 772.67m with heavy volume action in the Big Caps. Nairobi is coming into 2015 off a 36 month Bull Run which saw Investors bagging a 144% return [ex dividends] over that 3 year period. The Inflexion Point is roiling Nigeria but is set to provide a Silver bullet a wonderful grassroots stimulus here in Kenya. It was Pradeep Paunrana Esquire [at a KAM_Kenya Sundowner Function - I told Betty Maina the CEO you have sprinkled Fairy Dust over these Manufacturing Folks] who drew a similarity between 2015 and 2006-2007 when the Economy boomed. His Comparison is we'll made. The Price Remission in Fuel will add significant stimulus to the Economy.
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N.S.E Equities - Commercial & Services |
Safaricom was the most actively traded share at the Securities Exchange and eased 0.35% to close at 14.15 and traded heavy volume action of 14.165m shares worth 200.48m. Safaricom is +0.7117% in 2015 and will rebound from these Levels. The Growth Story is very much intact.
.@Safaricomltd share price data +0.7117% 2015 http://www.rich.co.ke/rcdata/company.php?i=NTU%3D
Kenya Airways rallied 3.66% to close at a 9.90 and traded 154,000 shares. Kenya Airways is +13.79% in 2015 as the share starts to play catch up with what has been a worldwide Airline stock Rally. Recent and decisive moves are also mending sentiment towards the stock.
@KenyaAirways share price data here +13.79% 2015 http://www.rich.co.ke/rcdata/company.php?i=OA%3D%3D
TPS Serena surged +6.16% to close at 38.75 and traded 62,700 shares. The Tourism Sector has challenges in bending the Perception curve but TPS Serena's share price has everything and then some baked into the price and room to rally up to 50.00 if sentiment starts to mend towards the sector.
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N.S.E Equities - Finance & Investment |
Kenya Commercial Bank firmed 0.85% to close at 59.50 and within touching distance well 0.8333% to be exact of a Life Time Closing High of 60.00 reached in August last year. Todays move higher was on good volume action of 2.458m shares worth 146.317m. Kenya Commercial Bank is +4.385% in 2015 and this run up in 2015 is a bullish Price Signal.
.@KCBGroup share price data here +4.385% 2015 http://www.rich.co.ke/rcdata/company.php?i=MjE%3D
Equity Group Holdings traded 3rd at the Securities exchange and surged +5.769% to close at 55.00 and traded 2.582m shares worth 142.866m. Equity Bank has rallied +10.00% so far in January,
Equity Group Holdings share price data here +10.00% 2015 http://www.rich.co.ke/rcdata/company.php?i=MTc%3D
Standard Chartered Bank rallied +1.488% to close at 341.00 and traded 4,100 shares. Standard Chartered had 10 Buyers for every Seller signalling an imminent and meaningful spike higher.
Jubilee Insurance rallied +5.65% to close at 486.00.
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N.S.E Equities - Industrial & Allied |
EABL rallied +1.2944% to close at 313.00 and traded 368,000 shares worth 115.474m. EABL is +1.6233% in 2015 and in a closed period ahead of a February Earnings Release. EABL targets 400.00 in 2015 and these levels present optimal Entry Levels versus 300.00 which has major Buy Side Support.
EABL share price data here +1.6233% 2015 http://www.rich.co.ke/rcdata/company.php?i=MzQ%3D
Mumias Sugar retreated a further 5.45% to close at 2.60 and the Supply overhang traded out in todays session with 15.326m shares worth 39.965m traded. Mumias Sugar remains +33.333% in 2015 even after correcting 25.71% off a 2015 high of 3.50 reached 19th January 2015. The Price base out today.
Mumias Sugar share price data here http://www.rich.co.ke/rcdata/company.php?i=Mzg%3D
Kenya power KPLC closed unchanged at 15.00 and transacted 3.084m shares worth 46.276m. KPLC is +3.78% in 2015 but has corrected 6.83% off a 9th January 2015 High. Strong Buy Side Demand is clustering just below 15.00.
Athi River Mining firmed 1.85% and has room to rebound further. East African Portland was high ticked +9.09% to close at 60.00 on just 100 shares.
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