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Capital Markets Authority puts share valuers on the spot

A section of Nairobi Securities Exchange (NSE) trading during Charity Trading Day in Nairobi on November 10 2017.The annual event brings together various capital market players, known personalities, market participants and the financial community to network and have fun. (David Njaaga, Standard)

The Capital Markets Authority (CMA) is considering tighter share valuation rules to save investors from incorrect prices when companies are listing on Nairobi bourse.

CMA Director of Policy and Regulation Luke Ombara said issues around pricing of shares have seen some of the entrants on the Nairobi Securities Exchange (NSE) fall below par value upon starting to trade.

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