Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

British-American of Kenya Falls Most in 3 Months: Nairobi Mover

April 27 (Bloomberg) -- British-American Investments Co., a Kenyan company which owns money managers and insurance businesses, dropped the most since January after a technical signal indicated the stock was poised to fall.

The stock declined 6.8 percent, the most since Jan. 4, to 4.80 shillings by the 3 p.m. close in Nairobi, the capital.

An eight-day rally between April 16 and 25 pushed the stock 20 percent higher, leaving the 14-day relative strength index at 83.19 on April 25, according to data compiled by Bloomberg. A reading above 70 means a security is overvalued and will probably fall. British American’s RSI has been above 70 since April 18.

“It is coming off because if you look at the counters that have gained of late, we are seeing some profit taking,” Eric Musau, a research analyst at Nairobi-based Standard Investment Bank Ltd., said in a phone interview today.

To contact the reporter on this story: Eric Ombok in Nairobi at

To contact the editor responsible for this story: Shaji Mathew at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.