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Friday, October 31, 2008

Dead cat bounce at NSE?

The volumes are modest but there is lack of supply thus higher prices expected on Monday.

Some counters were over-sold thus a significant discount on many shares to 'true' value.

Equity Bank released exceptional results leading to a huge increase in price.

HFCK released results that reflect growth. Add the effect of Equity Bank as the largest shareholder. Takeover in the books?

ARM & Carbacid had decent results given the poor economy post-election.

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