NSE, shilling rebound on Trump tariff pause

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. 

Photo credit: File | Nation Media Group

The Nairobi Securities Exchange (NSE) and the shilling swung back into positive territory yesterday after the US announced a 90-day pause on reciprocal import tariffs above 10 percent, easing the jitters that had sent global markets into a near meltdown since Friday. 

NSE data shows that the bourse added Sh34 billion in market capitalisation -- the measure of investor wealth -- yesterday, clawing back nearly a third of the losses of Sh124.4 billion that it recorded between Monday and Wednesday.

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Note: The results are not exact but very close to the actual.