Monday, March 10, 2008

NSE fallout from Nyaga?

Nyaga processed Ksh8.2bn of all transactions at the NSE last year. Yes, Ksh8.2bn and it still went bankrupt. Nyaga had 25% of all accounts held at the NSE. Nyaga uniquely probably had the widest network of branches of all the brokers. But Nyaga was probably bankrupt right around the fiasco of Mumias second OFS in 2006 when I started hearing noises about bouncing checks. If we don't have a bearish market over the next few weeks, it'll only be because a lot of investors used the last year to move away from Nyaga. Nyaga is said to have owed Ksh800m against something like Ksh200m in assets i.e. a buyer would have to buy Nyaga for Ksh600m to make sure everybody got there dues. Nyaga of course means ostrich so this one must have had its head in the sand for a considerable period.
Identifying what needs to be done is the easy part,

  1. Financial services regulator with a remit to look at all deposit-takers
  2. CDSC must been given the power to police trades and become a different audit trail
  3. Stockbrokers must file daily returns that reconcilable to what is held by CDSC
  4. NSE must de-mutualise

Doing it isn't easy because it should have been done last yr,
but because FT found a buyer, the unpalatable steps were not taken. It’s a bit like our political scene.
Talking of which, don't some peeps like Muthuara and Martha realize the kind hole Kenya was in last month? Muthaura needs to go to his farm and enjoy retirement while Martha can become our first female Rais
but needs to pick up the populist lessons from the golfing Raila.

7 comments:

Ssembonge said...

This are the very reasons that I give Kenya a wide berth when it comes to issues concerning my hard earned money.

MainaT said...

Be part of the solution, don't run away Ssem. Joking. I understand your concerns...

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.

Its like NSE and BSE
both are running out of volumes due to weak stock market trend from the beginning of 2008. We have seen new highs of Nifty and Sensex in the past and now they are trading on lower sides which is hampering the confidence of traders and investors. Fall in BSE
and NSE
resulted in lost of around 60% - 70% portfolio of investors though traders are minting money in week market too.

One point to be noted and learned is that people are investing money by ignoring all fundamentals and technical aspects. We request all of investors and traders that Invest money wisely its hard earned money do research work only then invest if you don't have time to do research work let professionals do it for you.

Think twice thrice before investing blindly without backed by technical and fundamental research.

Have a Nice trading days ahead.



Regards


SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425

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.

Now once again as on 02-June-08 around 11.15AM,market is trying to become bit bullish but still we cant rule out profit booking from every rise. Still we suggest everyone to remember this is Indian stock market
so watch your every step. Avoid going Long until Nifty crosses 5050 mark and avoid going short until nifty breaks 4820. Till then enjoy the consolidation phase and prefer to do intraday trading only.


Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

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. Currently something is cooking in the Indian stock market, We know it but unfortunately we cant disclose the reason so openly. We strongly suggest everyone not to take any long position at these levels. We will see Pullback in the market very soon but that will be a fake one so don’t consider pullback as opportunity to go Long in market( Delivery based). As after that initial pullback we can see fall once again. As mentioned cant disclose it still giving minor hint see call and put section and think why you are not able to access few options and check December part and think who are the people behind it?? We suggest wait for falls to take delivery till then prefer only intraday else you will find yourself out of BSE and NSE one fine day. For any query feel free to contact us. Regards SHARETIPSINFO TEAM +91- 9891655316 +91- 9899056796 +91 - 9891890425

santoshi prasad said...

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santoshi prasad said...

Indian markets prohibition of insider trading  were witnessing a lackluster session as traders continued to remain on sidelines due to lack of trading tips cues from global peers. Traders were also cautious ahead of Reserve Bank of India meet. Insider trading stock the central bank is likely to raise rates by 25bps.“The operator trading tips is likely to be subdued. The Nifty is hovering stock tips around its 200-DMA operator stock trading tips levels. Expect a range-bound day as stock market tips should adopt a defensive trading strategies in view of the result season and the upcoming intraday tips RBI meet next week This has further raised stocks expectations that RBI will raise rates by mostly a quarter percentage point on Tuesday,” said IIFL report.National Stock Exchange’s Nifty was at 5775.40, down 10.05 points or 0.17 per cent.The broader index operator share tips touched a high of 5804.30 and low of 5771.20 in trader so far.Bombay Stock Exchange’s Sensex was at 19260.0 down31.93operator calls points or 0.17 per cent. The 30-share trading index hit a high of 19356.50 and low of 19237.72 in early operator's stock tips. for more details please visit to:-http://www.insidercalls.com and www.operatorcalls.com (an initiative from www.puntergroups.com )