Bloomberg News

TransCentury of Kenya Rises Most Since Listing on Technical Sign

October 04, 2011

Oct. 4 (Bloomberg) -- TransCentury Ltd., a Kenyan investor in infrastructure projects, headed for its biggest gain since it started trading on the Nairobi Stock Exchange in July 14.

The company’s shares rose 8 percent to 27 shillings as of 12:58 p.m. Nairobi-based TransCentury began trading on July 14 at a reference price of 50 shillings.

TransCentury’s 14-day relative strength index closed at 11.5 yesterday. A level of 30 or less indicates a possible buying opportunity.

--Editors: Hilton Shone, Peter Branton

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus