stock market
- Thread starter wrongturn
- Start date
Isn't that investor confidence when they put such money in kenya?
Has nothing to do with elections. Safaricom share price has been on the rise even before elections. Correlation does not imply causation
I guess it depends on how you look at it...if it has been on the rise despite the uncertainty, then it is bound to get stronger now that ruto has been confirmed president
If you think it has everything to do with the confidence on Ruto announcement, why is the bond yield increasing then?
So is that new confidence a bad things or not?
bigDog
Elder Lister
My point is that there's no sign to be read by 1 day trading. Analysis would be based on moving averages. 8 day and 21 day moving average could be best to guides.
Then you are just looking at one aspect which is price increases but the most fundamental one you are not looking at is volume. For instance today the BAT share price has increased by 3% but only 2,000 shares have been traded by BAT. Price increase or decrease from low volumes indicate nothing.
Then let us give it seven more days tuone
Not forgetting volumes.
You are really looking forward to a failing economy in Kenya. Try looking at the glass half full instead. Mimi niko sure Kenya will be just fine
It's past 7 days. This is how the market has performed. You want to make any interpretation?
@The.Black.Templar investor confidence iko vipi pale NSE?
Mwalimu-G
Elder Lister
How is the going now?
