Trading at the Nairobi Securities Exchange was today halted after the NSE All Share Index plunged by more than 5%. It followed the announcement of the first positive case of the corona virus in the country.
Kenyan stocks hit all time lows with some showing no demand. KPLC hit a new low of Ksh. 1.90 from Wednesday’s low of KSh2.10. Electricity Generating company KenGen, dropped to an all time low of Ksh. 4.70. British American Tobacco (BAT) Kenya dropped below Ksh. 400 to Ksh 395.50. BAT closed at Ksh. 466 on Wednesday 11th March.
Safaricom stocks went down by 6.6% to Ksh 24.05 having previously shed off 7.54% to close at Ksh. 27.85 on Thursday 12th March.
In the Banking sector, Absa and Cooperative Bank saw no demand with the latter reaching the maximum allowable decline in the price of a stock (Limit Down), having previously closed at Ksh. 14.60 on Thursday, hitting lows of upto Ksh. 12.90. Equity Group shed 9.09% of its share price trading at Ksh 4.10. NCBA shed off 9.94% of its share price to trade at Ksh. 3.20.