TransCentury share hits all-time low after 9.1pc drop

TransCentury chief executive Gachao Kiuna. PHOTO | FILE

Investment firm TransCentury lost 9.1 per cent of its market value to hit an all-time low yesterday.

The share traded at a low of Sh14 slightly over a week after it reported a loss of Sh2.3 billion for the year to December 31, 2014. The loss resulted from the sale of a 34 per cent stake in Rift Valley Railways for Sh3.8 billion. The stake went to a group of investors led by Egypt-based Qalaa Holdings.

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