The Kenyan National Stock Exchange reopened after trading was halted for 30 minutes to prevent panic trades after the country’s election was nullified by the Supreme Court.
Fears following the supreme court ruling in Kenya which nullified the Presidential election citing “irregularities and illegalities in elections” has resulted in Kenya bonds trade-off as investors move to secure their investment.
According to the NSE Kenya, “Trading has since resumed. We will continue to monitor market performace and keep you updated on any developments.”
The Kenyan Supreme Court nullification is the first time a presidential election is being declared null and avoid in the African continent.
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