Investors Diary

Dear Investor,
Welcome to sample a collection of my thoughts, research, financial advice, gut feeling and other works that i love to share with you from time to time.

If you are a stock market investor or otherwise and would like to invest in the Kenyan stock mart, the Nairobi Stock Exchange, you can always get free and helpful financial and investment advice on this site.

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Tuesday, January 30, 2007

Govt Upbeat on NSE Performance

Written By:Emmanuel Toili
Posted: Mon, Jan 29, 2007

The government is upbeat on Nairobi Stock Exchange performance.
Finance Minister Amos Kimunya says, the NSE 20 share index has surpassed the NSE share index gaining some 6000 points.
Speaking at the commencement of trading of Mumias Sugar Company shares at the NSE, Kimunya said the government raised over 4.6 billion shillings in the just concluded offer of over 91 million shares.
The government intends to raise 18 billion shillings this fiscal to cover the budget deficit. Government shareholding at the company has reduced to 20 per cent from 38 per cent.
Mumias will commence its proposed 1 to 5 share split. NSE chairman, Jimnah Mbaru said the split will enable the sugar company to attract more liquidity from investors.
He said banks issuing out syndicated loans were hampering the development of the bond market and urged the Capital Markets Authority to act.

2 comments:

www.ShareTipsInfo.com Team said...

Dear Visitors,

This Blog is really nice and informative. We are pleased to know this
blog is really helping people. Its our pleasure to post
Informative content on this useful blog created by webmaster.

As we all know major stock market exchanges in India are

BSE
and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
where as

NSE is
National stock exchange covering Nifty and Nifty stocks.

Now a days USA is facing recession which is affecting world market and
recently we have witnessed major fall in Nifty and Sensex.

In this fall many investors were trapped and loosed around 50% to 70%
of their portfolio which is a major issue and need to be taken care
of.

Stock market is risky and will remain risk always still one can
minimize risk factor in it by using proper stoploss. As the name suggest
Stoploss , it stops the losses
which one can incur in the market.

There are few levels which we call support and resistance level which
we suggest one should strictly follow for coming days if they want to
survive in stock market.


Right now Nifty is direction less

Major suport-4660 below it next will be 4400.If breached then 4000.

On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
closings above 5200 means 5400.

We suggest strictly follow these level and enter in market as per these
levels as these are very crucial levels technically.



Please feel free to contact us for any query.


Have a Nice trading days ahead.

Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

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