NAIROBI, Kenya, Mar 13 – Kenya’s confirmation of the novel coronavirus stopped trading activity at the Nairobi Securities Exchange after the benchmark index plunged by more than 5 percent.
In a statement sent to newsrooms, the bourse says it stopped activity at 2:38 pm as provided in the NSE Equity Trading Rules requiring a temporarily stop of trading for not more than 30 minutes should the NSE 20 Share Index decrease by more than 5 percent.
“As per the provisions of Rule 9.4.1 (ii) of the NSE Equity Trading Rules, should the NSE 20 Share Index decrease by more than 5 percent at the opening session compared to its closing value or during the continuous session, compared to its opening value, the Exchange may temporarily halt trading for not more than 30 minutes.”