Nairobi Security Exchange halts trading midway after Supreme Court ruling
The Nairobi Securities Exchange experienced a 30 minute shut down following the ruling of the Supreme Court that nullified the August 8 presidential elections.
All this originated from the NSE trading rules the bourse to shut down the floor if an index dips by more than 5% .
“The NSE 20 share index declined by more five percent triggering a shut down between 12:30 and 1:00 pm but we are now back on,” NSE spokesperson said.
During the shutdown window, Equity Bank was down by 9.71 %, Britam and CIC, both down by over 9%, NIC down by 8.64%, ARM, KenGen, Flame Tree all down by over 7% and Housing finance down by 6.9%.
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