We are now in a bull market plain and simple. The Nairobi all share index rallied for the eighth consecutive session. The Nairobi all share rallied 1.49 points to close at an all time high for the second consecutive session.

The Nairobi all share is +17.847% in 2013. The Nairobi all share is one of five indices at all time highs, that roll call includes the dow jones, the Copenhagen benchmark index, the Ghana composite index and Philippines index.

The Nairobi NSE20 rallied 73.56 points to close at 4658.64. The Equity market will rally between 30-35% from here and through year end.

The market was optimistic of a clear cut first round winner. However, more important than that, I think the political risk curve has inflected. And I think that inflection happened via the extraordinary and compelling turn out that we witnessed and by the fact that the ground has shifted.

The likelihood of a violence spike as we witnessed in 2008 is close to zero and this is essentially because the citizenry would not allow this. This of itself is an outrageous bull signal.The shilling was last trading at 86.204 and could run up towards 80.00

In Agriculture

Kakuzi rallied 5.59% to close at 85.00. In Commercial and Services Safaricom firmed 0.84% to close at 6.00 a level last reached on the May 6 2010 and hence a 34-month closing high. Safaricom is now +18.811% in 2013. Safaricom traded 2.754m shares and will push on towards 6.40 from here.

Kenya Airways ticked 0.93% higher to close at 10.85 and traded 127,600 shares. Kenya Airways has based out and will start to run higher. Uchumi firmed 2.604% to close at 19.70 and traded 81,000 shares.

Access Kenya rallied 2.96% to close at 6.95 and traded 84,300 shares. Access Kenya is +57.95% in 2013 and This is a 20 Month High.

Among banks Kenya

Commercial Bank rallied 6.225% to close at 38.25 and traded 748,400 shares. CFC StanBic Bank rallied 7.14% to close at 60.00 and traded 57,300 shares.

CFC StanBic has rallied 31.868% since March 1 and the release of its full year earnings where FY PBT accelerated +63.924%. Diamond Trust Bank firmed 1.388% to close at 146.00.

Equity Bank traded second at the exchange and firmed 0.84% to close at 30.00 and was trading at 30.50 +2.52% session highs at the finish line. COOP Bank rallied 2.78% to close at 14.80 and traded 677,600 shares. Barclays Bank firmed 1.17% to close at 17.35 and traded 688,200 shares worth 11.95m.

NIC Bank rallied 3.157% to close at 49.00 and traded 96,900 shares. British American Investments rallied 5.59% to close at 8.50. In Industrial and Allied EABL firmed 0.676% to close at 297.00 and was trading at session highs of 300.00 +1.69% at the closing bell. Mumias Sugar rallied 6.66% to close at 4.80 and traded 3.509m shares worth 16.881m.

Mumias Sugar is now back within 1.03% of the price before the release of the first half earnings. Athi River Mining firmed 1.587% to close at 64.00 BAT eased 0.19% to close at 539.00. KenolKobil turned 0.92% higher to close at 11.00 and traded 2.296m shares worth 25.258m.