It’s a beginning. Kama uko na bank stocks uza saa hii… Don’t sit tight and watch your net worth reduce by the minute…If you are rich just sit tight and buy some more when prices are rock bottom
Remember the pre-kibaki era…banks used to loan government at 30+ interest rates and were not interested in loaning average kenyans money… Banks will re-invent themselves but right now International investors hapana taka jua…Just leave with them and come back when they return probably in 2017.
Kenyan investors do not always respond to news in an ideal way…But international investors do… They have several markets to invest in anyway. The Kenyan Banking sector is among the best in Africa and had attracted international investors…Most of them are walking away with profits.
They pulled a fast one, With the depreciation some billionaires will be converted to millionaires. Example of Dangote in Nigeria, he lost a few billion in his portfolio worth in the recent past.
My experience has been when stocks start to dive down like this due to s financial shake up, if you have any stock just dump. If you don’t have any, sit and watch. Do nothing. Chances are it may take years for the stock to regain their current value.
You can’t fall in love with stocks…I personally keep a price at which I must sell my stocks (which is mostly determined by my entry point and of course the current market dynamics)…I can always buy back later.
You mean circuit breakers? Sijui. I don’t/will never invest in NSE. That’s a shark infested area where if you don’t have insider information like the sharks, ole wako.