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Unlisted stocks miss out as NSE shares rally
ILAM Fahari Reit was listed on the NSE unquoted securities platform on July 10,2024 at Sh11 and continues to trade around the same mark according to the entity’s manager.
The stocks of companies listed on the unquoted securities platform (USP) have missed out on the broad Nairobi Securities Exchange (NSE) market rally on limited activity and restricted trading.
Issuers of securities have in the past favoured the USP over the main public market, seeking to cushion themselves against undervaluation of their firms.
