Nairobi Securities Exchange closes after Supreme Court nullifies Uhuru win
NAIROBI, KENYA: The Supreme Court ruling nullifying August 8 presidential election triggered a circuit breaker at the Nairobi Securities Exchange (NSE) causing a 30 minute shut down.
According to NSE, trading rules require the bourse to shut down the floor if an index dips by more than 5 per cent drastically.
“The NSE 20 share index declined by more than 5 per cent triggering a shut down between 12.30 and 1.00 pm but we are now back on,” A spokesperson at the NSE said.
During the shutdown window, Equity Bank was down 9.71 percent, Britam, CIC, both down by over 9 percent. NIC not far behind, down 8.64 percent. ARM, KenGen, Flame Tree, all down by over 7 percent. Housing Finance not far behind, down 6.9 percent.