Trading was halted two hours into the day’s trading session, at 11.30 am, attributed to a network hitch on the ATS system that replaced the open outcry system seven years ago and did not resume for the rest of the day.
The NSE on Tuesday lost three-and-a-half trading hours following a technical hitch on the automated trading system.
Trading was halted two hours into the day’s trading session, at 11.30 am, attributed to a network hitch on the ATS system that replaced the open outcry system seven years ago and did not resume for the rest of the day.
“Today the NSE Automated Trading System (ATS) encountered a serious network error that resulted in a halt in trading from 11.30 am. The NSE wishes to reassure all our stakeholders that normal trading will resume from tomorrow Wednesday October 2, 2013,” said the stock exchange in a press release Tuesday evening.
As at the close of trading, the NSE 20 share index gained 11 points to stand at 4,804 points.
Equity turnover fell sharply as a result of the reduced trading hours, to Sh112 million from Sh569 million recorded on Monday.
The number of shares traded Tuesday fell to 2.8 million of which 1.8 million were Safaricom shares, compared to 18 million traded on Monday.
Olympia Capital led the list of gainers up 9.7 per cent to Sh5.10 per share, with Kenya Airways gaining 5.2 per cent to Sh10.15 per share. Safaricom made gains of 2.4 per cent to touch a new all time average high of Sh8.70.
The loss column showed Rea Vipingo shedding 6.3 per cent in value to Sh26.25, with East Africa Portland dropping 1.6 per cent to Sh60.
On the bonds market, a total of 10 deals worth Sh995 million were concluded Tuesday, compared to nine deals worth Sh808.5 million on Monday.
