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Sunday, July 21, 2024
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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.

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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.

Source link-standardmedia.co.ke

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