The Nairobi Securities Exchange has today issued an official statement indicating that Mumias Sugar Company shares have officially been suspended from trading at the Exchange for the next three months.
Yesterday, trading in Mumias Shares was halted immediately the market opened as the exchange waited for an official directive from the Capital Markets Authority.
The suspension in trading of the company’s shares takes effect from today, September 26, 2019 and shall remain in force for a period of three (3) months or such other period as may be determined by the Authority.
The exchange might extend this to period if Mumias Sugar woes are not sorted by the time of expiry of this notice. In recent times we have seen NSE extend suspension notices for ARM Plc and Deacons East Africa.
