|Friday 24th of December 2010
North Korea threatens nuclear 'holy war' with South The Guardian
Law & Politics
Tensions on the Korean pensinsula were at their most dangerous level
since the 1950-53 war today when North Korea threatened to use nuclear
weapons in a "holy war" against its neighbour after South Korean
tanks, jets and artillery carried out one of the largest live-fire
drills in history close to the border.
The military exercise at Pocheon, just south of the demilitarized
zone, was the third such show of force this week by South Korea.
Multiple rocket-launchers, dozens of tanks and hundreds of troops
joined the drills, which the South Korean president, Lee Myung-bak,
insisted was necessary for self-defence, following two deadly attacks
"We had believed patience would ensure peace on this land, but that
was not the case," Lee told troops today. He earlier warned that he
was ready to order a "merciless counterattack" if further provoked.
North Korea's armed forces minister, Kim Yong-chun, also lifted the
pitch of the sabre-rattling. "To counter the enemy's intentional drive
to push the situation to the brink of war, our revolutionary forces
are making preparations to begin a holy war at any moment necessary
based on nuclear deterrent," North Korea's KCNA news agency quoted him
telling a rally in Pyongyang.
But the Chinese Communist party's nationalist newspaper, Global Times,
has accused South Korea of provocation.
"Many believe that if they try to be nice, Pyongyang will never stop;
and if they play tough, the other side will back off. But the two
Koreas are not street hoodlums, nor bullies in the schoolyard," it
noted in a recent editorial.
"The situation is still a tinderbox. There's still enormous tension,
enormous mistrust and I believe diplomacy is what is needed to get us
out of this tinderbox," Richardson said in an interview with the
Associated Press. He described the tensions as "the worst I have ever
seen on the peninsula".
The Hermit Kingdom The Star
Currency Markets At a Glance WSJ
Swiss Franc 0.9590
Dollar Index 80.35
Rand 6.7347 3 Year High
South Korean Won 1149.45
The dollar index gave up most of the gains it had notched every day
this week, rising just 0.1%. It’s still on track for a 3.4% gain this
year.The euro turned up to $1.3114, down from $1.3094 Wednesday. It’s
still near the lowest levels seen since the beginning of the month.The
euro has lost 0.6% this week and is headed toward an 8.5% decline for
the year. In June, it fell under $1.20 for the first time since 2006.
The dollar has fallen 1.2% against the yen this week and has
depreciated nearly 11% in 2010. In November, the dollar sunk to its
weakest level against the Japanese currency since 1995, when the
all-time low was set.
“With market volume and liquidity at a quarter of its normal volume,
and falling again sharply after the London close, foreign exchange
prices become increasingly vulnerable to stop-loss hunting,” said
Michael Woolfolk, senior currency strategist at Bank of New York
Mellon, referring for traders looking for specific levels where larger
amounts of sell orders are bunched.
That may help explain the sudden jump in the euro versus the dollar
after the euro jumped versus the Swiss franc, he said.
Tis the Season for “Giving Trees” Photo Booth NewYorker
1. Courtyard of the Meiji temple. Tokyo, Japan, 1951. Credit: Werner
2. Ramparts and fortified walls of the city. Essaouira, Morrocco,
1988. Credit: Harry Gruyaert/Magnum Photos
3. Boys forage in a public park for edible grasses and plants to bring
home to their families. Dakar, Senegal, 2008. Jim Goldberg/Magnum
Photograph: “Untitled,” 2008. © Richard Misrach.New Yorker Photo Booth
Commodity Markets at a Glance WSJ
Crude futures hit fresh two-year highs Thursday.Light, sweet crude for
February delivery finished the holiday-shortened week at $91.51 a
barrel on the New York Mercantile Exchange, up $1.03 on the day. It
rose to $91.63 earlier in the session, the highest price since October
Soft Commodities at a Glance INO
CC.H11.E Mar 2011 (E) 3020 +50 +1.65%
KC.H11.E Mar 2011 (E) 235.90 +6.80+2.88%
CT.H11.E Mar 2011 (E) 148.12 -6.00 -4.05%
OJ.F11.E Jan 2011 (E) 169.10 +1.65+0.97%
SUGAR #11 (WORLD) (NYBOT:SB)
SB.H11.E Mar 2011 (E) 33.98 +0.70+2.07%
The Breakfast Commodity Index + Tea is probably one of my Favourite
Absolute Return Indices.
Sugar March 2011 33.98 +0.70 (+2.07%) INO
Last Price 33.98
Open Int. 244306
Contract High 34.06
Contract Low 11.9
First Delivery 2011-05-15
Contract High Date 2010-12-23
Contract Low Date 2008-10-24
Picasso $106.5 Million Nude Feisty Ai Weiwei Star in 2010 Bloomberg
The age of austerity has been a jolly time for the art world, so far at least.
For Picasso, the year brought a record price for any work of art at
auction when his 1932 painting “Nude, Green Leaves and Bust” sold for
$106.5 million at Christie’s International in New York in May. It’s a
fine work, though some, including his biographer John Richardson,
prefer “Nude in Black Armchair,” which the artist painted the
following day (March 9, 1932).
As a reward for one day’s work, $106.5 million may be a record in
itself, although admittedly Picasso would have had to reach the age of
128, and kept hold of the picture, to reap it. Still, he may
posthumously be experiencing some satisfaction.
Giacometti, on the other hand, might have been miffed by his own
prices. His bronze sculpture “Walking Man I” fetched the equivalent of
$103.4 million at Sotheby’s in London on Feb. 3 -- only just missing
the world record of $104.2 million, for a Picasso, in 2004. An austere
man who worked and lived in a tiny Paris apartment with an earth
floor, Giacometti was intensely competitive with Picasso.
“Sunflower Seeds” by the Chinese artist Ai Weiwei, ran into health and
Dust from the installation, which consists of around 100 million
ceramic models of seeds, was deemed a hazard when walked upon. The
public was banned from close contact with the work on Oct. 16. This
was a disaster, since the point of the work is to walk or sit upon it.
From a distance, it looks like gray gravel.Poor Ai Weiwei, a brave and
outspoken critic of the Chinese government, had a tough autumn
altogether. His new studio in Shanghai was demolished for planning
infringements, and he was placed under house arrest. A move he claimed
was aimed at preventing him attending an (ironic) party to mark this
"Nude in a Black Armchair" (1932) by Pablo Picasso. The painting was
created the day after "Nude, Green Leaves and Bust." Source: Museum of
Modern Art via Bloomberg
"Walking Man I" by Alberto Giacometti. Giacometti. The work fetched
the equivalent of $103.4 million at Sotheby's on Feb. 3, 2010, close
to the world record price of $104.2 million for a Picasso in 2004.
Both were beaten by a $106.5 million Picasso in May. Source: Sotheby's
"The Unilever Series: Ai Weiwei Sunflower Seeds." The exhibition, in
the Turbine Hall at Tate Modern, ran into health and safety trouble,
when dust from the installation, which consists of around 100 million
ceramic models of seeds, was deemed a hazard. Source: Tate Britain via
Iraqi Christians Make Plans for a Silent Night WSJ
Among the estimated 500,000 Christians left in Iraq—half or less of
the estimated pre-invasion population of 800,000 to 1.4 million—the
Chaldean archbishop is a central figure. Chaldeans, an Eastern rite of
the Catholic Church, not only account for two-thirds of Iraq's
remaining Christian population, but Archbishop Nona also filled a
position left vacant when his predecessor in Mosul was kidnapped and
Countries warn Ivory Coast violence could escalate Reuters
Law & Politics
Nearly 200 people have been killed in Ivory Coast political violence
that must be halted and fully investigated, the United States told the
U.N. Human Rights Council on Thursday.At a special session in Geneva,
requested by African states, rich and poor countries roundly condemned
grave human rights violations committed since last month's disputed
presidential election and raised concerns that they could escalate.
"We have credible reports that almost 200 people may have already been
killed, with dozens more tortured or mistreated, and others have been
snatched from their home in the middle of the night," U.S. ambassador
Betty E. King said.
U.N. High Commissioner for Human Rights Navi Pillay said on Sunday
that more than 50 people had died so far.
Earlier on Thursday, Ivory Coast's army said it stands behind
presidential incumbent Laurent Gbagbo, who is under international
pressure to quit after a November 28 election that major powers say he
lost to rival Alassane Ouattara.The prime minister of Ouattara's rival
government, Guillaume Soro, has said the "only solution" to the crisis
that risks rekindling civil war in Ivory Coast was for world leaders
to use force to oust him if other measures fail.King told the 47
member-state U.N. body, where developing states often vote as a bloc,
that there was widespread agreement that the insecurity spreading in
Abidjan needed to be stopped before it worsens.
"We stand united in this Council and with the international community
in support of the people of Cote d'Ivoire in their rightful exercise
of democratic processes and condemn all human rights violations and
abuses in Cote d'Ivoire," King said.
"We call for the immediate end to the violence and the other abuses
and violations, and we will work to ensure that those responsible for
these human rights violations will be held accountable."
She also voiced concern that media outlets controlled by Gbagbo were
broadcasting hate speech and inciting violence against certain ethnic
groups and political opponents. U.N. staff in the country were also
being harassed and threatened.
The United States, the United Nations, the European Union, the African
Union and the West African bloc ECOWAS have all recognised electoral
commission results showing Ouattara as the winner of the election and
have called on Gbagbo to step down.
The United States and the European Union have also since slapped
travel sanctions on Gbagbo and his inner circle, and the World Bank on
Wednesday froze funding to the country, to which it has aid
commitments of over $800 million.
I suspect there is enough in the Tool Box with which to eventually
eject Gbagbo but the Degree of Escalation confirms All The Tools might
have to be used first.
West African Bank Gives Ouattara Access to Reserves, AFP Says Bloomberg
Law & Politics
The Central Bank of West African States, or BCEAO, recognized Alassane
Ouattara as Ivory Coast’s president, giving him control over state
reserves previously governed by Laurent Gbagbo, Agence France-Presse
reported, citing a statement by the bank.The seven finance ministers
of the member states backed Ouattara after the United Nations, the
African Union and the Economic Community of West African States had
supported him as the rightful winner of Nov. 28 elections, the news
service reported late yesterday.The finance ministers of the West
African Monetary Union decided to “only allow the rightfully appointed
representatives of the legitimate government of Ivory Coast to carry
out any transactions on the accounts that are open in its name,” AFP
cited the statement as saying.The West African franc, which Ivory
Coast uses, is pegged to the euro in an arrangement with the Bank of
France. Gbagbo has refused to accept defeat in the presidential
elections and has rejected international calls to step down as the
leader of the world’s top cocoa grower.
China says booming trade with Africa is transforming continent Guardian
China said yesterday its two-way trade with Africa had increased by
nearly 45% in a year to hit a record $114.81bn (£75bn), highlighting a
trend that could be helping transform the world's poorest continent.
In 1992 two-way trade between China and Africa stood at just $1bn.
The Chinese government report, entitled China-Africa Economic and
Trade Cooperation, says that in the first 11 months of 2010
China-Africa trade volume reached $114.81bn, a 43.5% year-on-year
increase. The report says growth is likely to gain traction in the
coming years as the "economic and trade co-operation is bright"
between the two sides.
"As economic globalisation progresses, the economic and trade
co-operation between China and Africa will definitely gain momentum to
reach a larger scale, broader scope and higher level," it said.
Western anxieties over the burgeoning relationship were highlighted by
Wiki Leaks' recent release of a US embassy cable in which Johnnie
Carson, the US assistant secretary of state for African affairs, said:
"China is a very aggressive and pernicious economic competitor with no
morals. China is in Africa for China primarily." The memo warned of
"tripwires", asking: "Is China developing a blue water navy? Have they
signed military base agreements?"
African governments have defended the ties. On a recent state visit to
Beijing, Jacob Zuma, the South Africa president, said: "China is there
discussing with the brothers and sisters in Africa to create a
mutually beneficial kind of relationship … different from former
western colonialists [who simply took] things by force."
South Africa-China trade ties: President Zuma bids to shore up
'Gateway to China' status CS Monitor
By Aly-Khan Satchu August 25, 2010
When I saw the sheer size of South African President Jacob Zuma's
China Posse (17 Cabinet Members and 300 businessmen), I could not help
but feel that the size of the posse was commensurate with this new
"late cycle" China-Africa engagement.
The numbers are breathtaking. The China-Africa trade curve topped a
$100 billion from a standing start in just 10 years.
China has overtaken the United States as South Africa's biggest trade
partner. The fingerprint trail of the recent engagement is to be found
in the trade data. Another example is iron ore and iron ore
concentrates; China was importing $297 million a month a year earlier
and it reached $549 million last month. This is as hyper a growth
curve as curves get.
Chinese Vice Commerce Minister Gao Hucheng has said, "The African
continent’s biggest economy is China’s No. 1 source of African iron,
copper, manganese, chrome, and diamonds."
History of China's 'soft power' in Africa
This recent engagement was preceeded by one many centuries earlier and
that tale of the Chinese Muslim Admiral Ze is something the Chinese
are trying to ventilate in their quest for a China-Africa soft-power
story that might resonate today and on which they might hang their
Admiral Ze came to Africa in the 1400s and left behind Chinese DNA
from that time. This was recently discovered via some DNA tests done
on some villagers in the Lamu Archipelago, near Somalia. So watch that
Adding value to South Africa's economy
President Zuma was quoted as saying "South Africa is open for business
in a big way" and talked of a new economic policy of "beneficiation."
I have to admit I thought I read "beatification" at first glance.
Beneficiation is basically a neater phrase for getting up the value or
food chain. There is a sense that commodities are being carted off
without any further processing and that it might make much more sense
to do some of the processing in South Africa. If nothing else,
encouraging the processing or refining of minerals or other
commodities in Africa would help to create jobs, and thereby increase
wealth at home.
The South Africa-China axis, while founded in trade has a number of
South Africa: Gateway to China
South Africa wants to join the BRIC (the group of emerging economies,
including Brazil, Russia, India, and China) and then probably it will
be newly minted as BRICSA; and they are pitching for China's support.
South Africa wants to be the gateway to the African continent for
President Zuma apparently produced his wish list, which ranged from a
nuclear reactor to a new $30 billion Chinese-financed railway, among
If truth be told, this trip confirms the answer to the question, "Who
has the money?"
Hu does, with $2.4 trillion in reserves, and in that regard, President
Zuma is but paying his newest and most deep-pocketed banker a visit.
South of the Sahara Boom times Economist
Sub-Saharan Africa will be more than just a commodity play, however,
as urbanisation and an expanding middle class increase demand for
modern goods and services. The arrival of new submarine fibre-optic
cables will boost bandwidth, cut costs and stimulate businesses that
rely on technology. With recovery in Western economies still looking
fragile, there will be a growing appetite to invest in Africa, adding
to the forays already made by China and India.
The fastest-growing areas will be telecoms, banking, retailing and
manufacturing. The provision of financial services to ordinary people,
including tele-banking, will thrive. In addition, outsiders will want
to buy or lease cheap agricultural land. Food-importing countries poor
in land and water but rich in capital, such as the Gulf states, and
countries with large populations and food-security concerns, such as
China, South Korea and India, will be at the forefront. Private
capital will also play a vital role—through privatisation and
public-private partnerships—in modernising the region’s inadequate
infrastructure, especially its transport and electricity networks.
Several countries will seek private investment in power generation,
although their weak regulation will remain an obstacle.
So in 2011 sub-Saharan Africa will find itself newly fashionable. But
investors will need to distinguish between the countries that are
starting to live up to their potential and those whose politics and
policy will keep them stuck in the slow lane.
Supply fears cloud Kenya govt bond market Reuters
Kenyan Bonds - Long Term
Expectations for higher Kenyan government borrowing this fiscal year
have driven up long-term bond yields, distorting the yield curve and
clouding a hitherto vibrant debt market, market sources said on
Thursday.Like other frontier markets, Kenya's debt market has
attracted increased attention from local and overseas investors in the
past two years.But uncertainty over the direction of interest rates in
the face of a rebound in the economy has made the market cautious,
sending investors into the short end of the curve where yields have
been relatively stable, moving within a band of less than 100 basis
points in recent weeks.
Traders say the uncertainty is reflected in the yield on the 15-year
bond, which jumped to 10.923 percent at auction on Wednesday, from
9.980 at the previous auction in March this year. This week's result
was far above the median market expectation for a 15-year yield of
"It is murky waters basically. You want some level of certainty for
investment decisions," said Duncan Kimani, head of fixed-income
trading at Bank of Africa, adding the results left holders of 20- and
25- year bonds getting lower returns in exchange for shouldering
"They have been underwater for some time now but that now puts them
under much more water."
Officials at the central bank's debt management office were not
immediately available for a response.
Ignatius Chicha, treasurer at Citi Kenya, said the outlook for yields
will grow clearer after the holidays.
"The outlook for (yields) depends on how the government reacts. If
they are not seen to be desperate to borrow, then we will see it (rise
in yields) easing out," he told Reuters.
Traders said in recent days, investors had been aggresively driving
yields higher in anticipation of increased government borrowing in
2011.In an interview with Reuters last week, the government said it
had raised its domestic borrowing target for this fiscal year ending
next June by 14 percent to 120 billion shillings ($1.49 billion) in
part to help fund the implementation of a new constitution enacted in
Also, tax collection revenues in the first quarter of this fiscal year
(July-Sept) fell short of the targeted amount by 22.1 billion
shillings, and a planned Eurobond issue looks set to be pushed into
the next financial year.
"For me it looks like the only form of recourse to plug this hole in
the taxman's deficit and to meet the ever-growing (fiscal)
requirements in terms of the constitution and all is through domestic
borrowing," said Olembo.
"It is because of people's views on long-term rates. With primary
auction yields coming in 100-150 basis points above the secondary
rates, you find people unsure where to price these papers in the
secondary market," Olembo said.
Others were angered by the results of the auction of the 15-year bond.
Fred Mweni of Tsavo Securities said the central bank should have
cancelled the auction to protect long-term bond holders from losses as
a result of marking them to market.
"These are bad results. By a stroke of the result of the 15-year, I
believe the market has lost close to 20 billion shillings," he said.
Dollar versus Kenya Shilling Live ForexPros 80.70 last
New pay TV station nipped in the bud [They are in the Office next to me] Nation
A new television station has been barred from launching its services
using channels of existing main television stations.Next Broadcasting
NGB Kenya Ltd, trading as Smart TV, was restrained from going on air
pending determination of a case filed by six media houses.Civil
Division High Court judge John Mwera certified as urgent a case
commenced against Next Broadcasting NGB Kenya Ltd and Smart TV.Justice
Mwera blocked the new pay TV station from transmitting on television
or otherwise using the existing TV channels or sound content pending
the hearing and determination of the case.Nation Media Group Limited,
Royal Media Services Limited, Radio Africa Limited, Baraza Limited,
TBN Family Limited and Media Max Network have lodged a case against
the operators of Smart TV, saying they are infringing on their
The Nairobi All share firmed 0.34 Points to close at 96.84.
The NSE20 bounced 24.21 points to close at 4361.27 making that a
34.55% Gain for the Year so far and 2nd only to Uganda in Africa.
Market Cap was 1.155251 Trillion versus 1.151168 Trillion last time.
Equity Turnover was a Christmas Eve 141.131m versus 180.00m last time.
The Bond Market is rattled and the Inflation Spike where Year on Year
Inflation spiked to 4.51% in November is going to rattle that Cage
some More. I would have thought with GDP expanding at above 6%, The
Equity Market is set to see some Asset Reallocation in its Favour in
the First Quarter 2011.
If You need to check Closing Prices at the Nairobi Stock Exchange
through January 1 then Please go to this Link
N.S.E Equities - Agricultural
Williamson Tea rallied a further 4.65% to close at 180.00 and traded
1,000 shares. Williamson Tea trades on a Trailing and Forward PE of
Sasini Tea and Coffee closed at 13.20 +1.538% and traded 3,800 shares.
The Price Earnings is 3.00 and I am certain Tea Prices and Coffee
Prices [at 13 Year Highs] are headed higher still.
Kakuzi was unchanged at 80.00 and traded 7,300 shares.
Rea Vipingo improved 10 cents to close at 15.60 and traded a 100 shares.
N.S.E Equities - Commercial & Services
shares volume 1,563,900
total turnover 7,385,735
CLOSING PRICE 4.70
high price 4.80
low price 4.70
last price 4.75
Safaricom closed unchanged at 4.70. Safaricom traded 1.563m shares but
Had Buyers for 10x that Amount. Safaricom trades on a Trailing PE of
12.368 and I think head through 5.00 in the 1st Quarter.
AccessKenya after 13 Consecutive Down Sessions rose again 0.38% [as it
did yesterday] to close at 13.05 and traded 66,600 shares.
Nation improved 0.632% to close at 159.00 and traded 73,500 shares.
Standard rallied 8.67% to close at 47.00 and traded a mighty 100 shares.
CMC Holdings firmed 2.4489% to close at 12.55 and traded 258,100 shares.
Cargen did not trade.
TPS Serena closed 0.735% stronger at 68.50 making it an 80.894% 1 Year
Return. TPS Serena traded 54,900 shares.
Kenya Airways edged 0.543% firmer to close at 46.25 and traded 17,000 shares.
N.S.E Equities - Finance & Investment
Barclays Bank bounced 1.7094% to close at 59.00 and was trading at
session highs of 59.50 +2.59% at the Close. Barclays Bank traded
94,500 shares and had Strong Demand of about 4x the Amount traded all
Equity Bank firmed 0.97% to close at 26.00 and was trading at 26.50
+2.91% session Highs at the Close. Equity Bank traded 364,300 shares.
COOP Bank rose 0.26% to close at 19.00 and traded 418,600 shares.
KCB was unchanged at 21.50 and traded 333,300 shares worth 7.171m. KCB
trades on an Implied Forward Price Earnings which has a 7.00 Handle in
fact. That looks plain anomalous, the Catalyst for its Re Pricing I
think will be the Release of the Full Year Results.
StanChart firmed 1.6% to close at 253.00 and traded 6,200 shares.
NIC traded 171,900 shares all at 46.00 and Unchanged.
NBK snapped 3.24% higher to close at 39.75 and traded 15,600 shares.
CFC StanBic was unchanged at 70.00 and traded 20,300 shares.
DTB traded 12,400 shares and closed a shilling better at 130.00.
HFCK improved 1% to close at 25.25 and traded 23,300 shares.
Centum firmed 1.12% to close at 22.50 and traded 63,600 shares.
Kenya Re bounced 1.83% off its 52 week closing Low of Yesterday to
close at 11.10 and traded 70,600 shares.
Jubilee rallied 2.185% to close at 187.00 and traded 2,800 shares.
PanAfric rose a shilling to close at 66.00 and traded 600 shares.
Olympia Capital was unchanged at 5.95.
N.S.E Equities - Industrial & Allied
Athi River Mining was the most active share on Christmas Eve. ARM
firmed 1.113% to close at 179.00 and in fact traded a 183.00 session
high. ARM traded 145,700 shares worth 26.185m shillings. ARM has seen
a much higher Volume Moving Average in the last 3 months confirming a
material Move on the Share register. ARM has posted a 77.004% 1 Year
Return and sits 3.24% below its all time High of 185.00.
Bamburi Cement and East African Portland did not trade.
EABL traded 2nd at the Bourse and eased 1.4325% to close at 206.00 and
traded a 200.00-208.00 range and 48,200 shares worth 9.969m. EABL has
posted a 51.572% 1 Year Return and reached an all time closing High of
226.00 on 19th November from which it has retreated. 200.00 is key
chart Support and I expect it to hold for a Move through All Time
Highs in the new Year. The Recent GDP Number is Meat and Drink to
those Investors looking for Africa Beverage Exposure.
KPLC was unchanged at 22.00 and trading 22.25 +1.14% into the Finish
Line. KPLC traded 301,000 shares worth 6.697m. The Rights Subscription
Profile will afford everyone a real Up Close and Personal look at
Kenya Risk Appetite.
KenGen closed at 17.10 but was trading at 17.50 +1.74% into the close
on light volume of 69,800 shares.
Cables closed at 16.05 and was trading at 17.00 +6.58% session Highs
at the Finish Line on good Volume of 214,400 shares.
Mumias Sugar finally bounced some 2.691% to close at 9.55. Mumias
Sugar traded 644,300 shares worth 6.152m. Mumias Sugar has retreated
from a 15.50 2010 High some 38.709% and Sugar has in the same period
scaled new Multi Year Highs culmination in a Move yesterday through
34cents. The Divergence is very marked. Mumias Sugar has returned
47.03% over a Period of 1 Year and trades on a Trailing PE of 9.293.
BAT firmed 0.726% to close at 274.00. BAT traded 17,600 shares. BAT
has posted a 67.181% 1 Year Return and sits 8.66% below its all time
Closing High of 300.00 from August.
KenolKobil firmed 0.52% to close at 9.75. KenolKobil traded 9.80
+1.04% at the close and a total of 567,100 shares. It looks oversold
at these Levels. The MD gave Bullish earnings Guidance this Month.
Total firmed 1.76% to close at 28.75 and traded 4,800 shares.
Eveready rallied 8% to close at 3.25 and traded 10,800 shares.
Crown Berger rallied 3.13% to close at 33.00 where a 1,000 shares were traded.
Sameer closed 0.68% better at 7.40 and traded 3,900 shares.
Unga was marked back 5.909% to close at 10.35 and traded 2,800 shares.
Carbacid traded 1,400 shares at 140.00 and unchanged.
BOC Gases did not trade.