{"id":64580,"date":"2020-03-16T14:40:36","date_gmt":"2020-03-16T11:40:36","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=64580"},"modified":"2020-03-16T14:47:49","modified_gmt":"2020-03-16T11:47:49","slug":"nse-resumes-operations-amid-tumbling-of-stocks","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2020\/03\/nse-resumes-operations-amid-tumbling-of-stocks\/","title":{"rendered":"NSE resumes operations amid tumbling of stocks"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, Mar 16 &#8211; The Nairobi Securities Exchange resumed normal trading Monday following the trading halt imposed last Friday after the first case of coronavirus was reported, sending shares tumbling. <\/strong><\/p>\n<p>NSE\u2019s CEO Geoffrey Odundo urged investors not to panic, adding that they were hopeful the market would stabilize.<\/p>\n<p>On Friday, the benchmark index plunged by more than 5 percent, forcing the Exchange to halt operations, in accordance with the NSE Equity Trading Rules.<\/p>\n<p>\u201cThe market is open and we will continue to update the public on any new developments. We are hopeful that the market will stabilize but we continue to monitor and will advise the public on any developments,\u201d Odundo said.<\/p>\n<p>At the same time, Odundo urged investors to take advantage of unprecedented stock discounts.<\/p>\n<p>The NSE 20 share benchmark Index opened at 2128.45 representing a 0.175 percent increase above Friday&#8217;s close.<\/p>\n<p><a href=\"https:\/\/www.capitalfm.co.ke\/business\/2020\/03\/first-case-of-coronavirus-in-kenya-halts-trading-at-nse-as-panic-selling-escalates\/\" target=\"_blank\" rel=\"noopener noreferrer\">First Case Of Coronavirus In Kenya Halts Trading At NSE As Panic Selling Escalates<\/a><\/p>\n<p>Meanwhile, the shilling began the week on the backfoot moving further south against the greenback on account of increased dollar demand.<\/p>\n<p>Analysts at NCBA said they expect the home unit to trade on the defensive given the sentiment surrounding the reports of additional cases of the coronavirus.<\/p>\n<p>That said, provisional tax obligations coming in the course of the week could support dollar inflows which could give the shilling some much-needed reprieve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Mar 16 &#8211; The Nairobi Securities Exchange resumed normal trading Monday following the trading halt imposed last Friday after the first case of coronavirus was reported, sending shares tumbling. NSE\u2019s CEO Geoffrey Odundo urged investors not to panic, adding that they were hopeful the market would stabilize. On Friday, the benchmark index plunged [&hellip;]<\/p>\n","protected":false},"author":13754,"featured_media":64582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[872,1,919,687],"tags":[],"coauthors":[],"class_list":["post-64580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-kenya","category-markets","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NSE resumes operations amid tumbling of stocks - Capital Business<\/title>\n<meta name=\"description\" content=\"NAIROBI, Kenya, Mar 16 - The Nairobi Securities Exchange resumed normal trading Monday following the trading halt imposed last Friday after the first case Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2020\/03\/nse-resumes-operations-amid-tumbling-of-stocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSE resumes operations amid tumbling of stocks\" \/>\n<meta property=\"og:description\" content=\"NAIROBI, Kenya, Mar 16 - The Nairobi Securities Exchange resumed normal trading Monday following the trading halt imposed last Friday after the first case Kenya breaking news | Kenya news today |\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/business\/2020\/03\/nse-resumes-operations-amid-tumbling-of-stocks\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital Business\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-16T11:40:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-16T11:47:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2020\/03\/NSE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MARGARET NJUGUNAH\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MARGARET NJUGUNAH\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2020\\\/03\\\/nse-resumes-operations-amid-tumbling-of-stocks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2020\\\/03\\\/nse-resumes-operations-amid-tumbling-of-stocks\\\/\"},\"author\":{\"name\":\"MARGARET NJUGUNAH\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#\\\/schema\\\/person\\\/d8c5b8549c9847d639ec634afb48f11d\"},\"headline\":\"NSE resumes operations amid tumbling of stocks\",\"datePublished\":\"2020-03-16T11:40:36+00:00\",\"dateModified\":\"2020-03-16T11:47:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2020\\\/03\\\/nse-resumes-operations-amid-tumbling-of-stocks\\\/\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2020\\\/03\\\/nse-resumes-operations-amid-tumbling-of-stocks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/files\\\/2020\\\/03\\\/NSE.jpg\",\"articleSection\":[\"Headlines\",\"Kenya\",\"Markets\",\"Top Story\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2020\\\/03\\\/nse-resumes-operations-amid-tumbling-of-stocks\\\/\",\"url\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2020\\\/03\\\/nse-resumes-operations-amid-tumbling-of-stocks\\\/\",\"name\":\"NSE resumes operations amid tumbling of stocks - 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