Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Index down 30%+

with 3 comments

You know the pain in individual stocks when the leading index like DJIA or NIFTY is down 10%. Around 14 times in the previous century, the index has been down over 30% or more.

For Kenya and Nigeria that time is NOW. NSE20 index and Nigeria Index is down 40% as I write. You can imagine the plight of individual stocks.

kenyanigeria

I feel the next six-twelve months will continue to be bad for Kenya and Nigeria (Especially given the black market rates for NGN). But this is also the time to pick up opportunities, if not now then in 2017.

Tanzania has had a good run with its new President, John Magufuli playing tough with corrupt regime.

tanzania

Meanwhile India has not had a major correction since 2008, and second one earlier in 2016, that was more of a global pull down.

sensex

Of most interest are the un-correlated independent downturns in specific companies and countries, its where the opportunity to outscore exists.

Written by amitdipsite

November 23, 2016 at 6:57 pm

Posted in Uncategorized

3 Responses

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  1. Amit,

    Are you tracking Rwanda stock exchange opening as well, as part of Africa investment.

    Regards,
    Balaji

    Eternal Seeker

    November 23, 2016 at 8:22 pm

  2. Amit ji
    Srilanka investments ( Nestle and Chevron) is at same level. But got hefty dividends. From dividend money alone, bought Gestetner Lanka…
    After a/c opening in Nigeria, did not do anything. Guess, that was smart move by me.
    Last two years, every month was looking good in nigeria. but it keep going down. Lafarge, Cadbury, Coke, GSK, Lever…etc are at mouth watering level….

    Karthik

    November 24, 2016 at 5:38 am


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