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NSE Halts Trading At 2PM After First Coronavirus Is Confirmed

BY Juma · March 13, 2020 10:03 pm

The confirmation of the first Coronavirus in Kenya sent the Nairobi Securities Exchange (NSE) in panic mode during the day on Friday.

The panic saw most of the listed companies falling in the red leading to the NSE suspending trading activities for the day at at 2:38pm while promising to resume on Monday.

Most of the losers are blue chip companies that saw the NSE 20 dropping by 15 percent, the largest drop since the spread of the deadly Coronavirus.

30 years of SIB

Safaricom share price has been dropping with each passing day this week. On Friday, the price dropped by 5.44 percent to 24.35 shillings per share as investors engaged the flight mode.

During the day, almost all the listed companies were blinking red as investors stayed away from buying shares for fear of the price falling further given what is happening around the world.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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