Kenya’s politics has for quite a long time affected businesses across the nation as well as trade between countries collated to it. In today’s Supreme Court ruling that nullified the August 8 presidential election of President Uhuru Kenyatta, there was a trigger at the Nairobi Securities Exchange (NSE) causing a 30 minute shut down.
According to NSE, the business 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,” an NSE spokesman said so.
At the moment when the NSE was down, the most affected companies are as listed below:- – Equity Bank was down 9.71 percent,
– Britam, down by over 9 percent,
– CIC, down by over 9 percent,
– NIC, down 8.64 percent,
– ARM, down by over 7 percent,
– KenGen, down by over 7 percent,
– Flame Tree, down by over 7 percent,
– Housing Finance , down 6.9 percent.