For a background on this continuing series of summaries at the end of each trading day on the Nairobi Securities Exchange (NSE), READ: The Introductory Section (availed at this link)
Share Price and Market Capitalization on Specified Days of the Week: April 19th to 23rd, 2021:
Friday, April 23rd, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price dropped yet again, however so slightly (-0.08%), to close at KES2,269.27 (or US$ 20.91 -- at today's exchange rate of US$1=KES108.50). This drop in price was accentuated by the NSE 20 index, which (see Dyer & Blair) rose by 0.34% on the day. In turn, however, Unashig eclipsed both the NASI Index (-0.20%) and the NSE All Share Index (-0.37%). Foreign investors were net sellers.
YTD (Year-to-Date), the share price has appreciated by 11.10% -- thus staying above 11% three days in a row, and above 10% for seven continuous days.
Some Unashig shares were bought after trading closed today. No quoted shares were added to the company's portfolio. The number of outstanding CA and CB shares stayed at 2,974.11.
Market capitalization depreciated by 0.08% from yesterday's level, closing at KES 6,749,067.00 (or US$ 62,203.83). YTD, however, capitalization has grown by 21.38%. When we trace back to December 31st, 2019, we find that the company's valuation has appreciated by 298.80% -- and is now a step or two away from the 300% mark.
IMPORTANT NOTE: Until the close of trading at 3:00 PM (GMT+3) next Monday, April 26th -- and the subsequent release by NSE of the day's stats approximately 60 to 90 minutes thereafter -- KES 2,269.27 (or US$ 20.91), plus RTGS and statutory charges, will prevail as the price at which a Unashig CA or CB share may be bought from the company.
Thursday, April 22nd, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price dropped 0.70% today, compared to yesterday, to close at KES 2,271.15 (or US$ 20.93, at today's exchange rate of US$1=KES108.50). This decline, though slight, was greater than reported by Dyer & Blair for NASI (i.e. 0.12%). But NSE 20 outperformed both. It actually rose by 0.21% compared to the day before -- a margin that nevertheless remains narrow. Foreign investors were net buyers on this day.
YTD, the share price has appreciated by 11.19% -- thus staying just above 11% two days in a row, and levitating above 10% for six continuous days.
No Unashig shares were bought today. No quoted shares were added to the company's portfolio either.
Market capitalization declined in tandem, and settled at a new level of KES 6,754,661.50 (or US$ 62,254.94) -- representing a 0.70% loss in value since the previous day. YTD, however, it has registered a 21.48% gain. Counting from December 31st, 2019, capitalization has appreciated even more -- by 299.13%.
Wednesday, April 21st, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price climber 1.44% higher today compared to yesterday, and settled at KES 2,287.06 (or US$ 21.09, at a weaker exchange rate of US$1=KES108.45). Today, consequently, Unashig outperformed both NSE 20 -- which, as reported by Dyer & Blair, was up by 0.22% -- and NASI (which was up by 0.83%). Foreign traders were reported to be in a net selling position -- which typically signals a dip in share prices.
YTD, the company's share price has appreciated by 11.97%. It has therefore continued to display a broadly upward trend, despite the inevitable ups and downs.
No Unashig shares were bought today, nor were any quoted shares added to the company's holdings.
Market capitalization settled at KES 6,801,970.50 (or US$ 62,671.88), showing a gain of 1.44% from the previous day, and 22.33% YTD. But since December 31st, 2019, the company's market capitalization has appreciated by KES 5,109,632.50 (or 301.93%).
Tuesday, April 20th, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price closed 0.18% higher today than we saw yesterday, settling at KES 2,254.58 (or US$ 20.84, at the exchange rate of US$1=KES108.20). Unashig therefore outperformed the NSE 20 index -- which, based on figures from brokers Dyer & Blair, dropped by 0.27% -- but was outpaced by the NASI index, which rose by 0.67%.
YTD, the share price has risen by 10.38%. Y/Y (Year-on-Year) comparisons will begin early next year.
No Unashig shares were bought today, nor were any quoted shares acquired from the stock market.
Market capitalization closed at KES 6,705,357.00 (or US$ 61,971.00). This represented a 0.18% gain over the previous day, and 20.60% YTD. Since December 31st, 2019, the gain in value has grown by 296.21%.
Monday, April 19th, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price closed 0.31% lower today than last Friday, settling at KES 2,250.62 (or US$ 20.85, at the exchange rate of US$1 = KES 107.95). Two NSE indexes declined as well -- NSE 20 by 0.21% and NASI by 0.82% (according to Dyer & Blair) -- with NSE 20 showing a rather more 'resilient' slope than Unashig, and NASI lagging both a little more noticeably.
YTD, the share price has risen by 10.19%, which is nevertheless a fall compared to last Friday's 10.55% mark. Compared to its nominal value of KES 2,000/- (which was 'reimagined' and 'freed to float' only this past February), the share price has appreciated by 12.53%
No Unashig shares were bought today, but our order placed last Friday for shares in a third, very low-priced, counter on the NSE was filled only today. You could buy 100,000 of those shares and not feel the pinch. The number of outstanding Unashig shares remains 2,974.11. That's a short distance to 3,000.
Market capitalization closed at KES 6,693,597.00 (or US$ 62,006.46), which was 0.71% lower than Friday's mark. YTD, it has risen by 20.39%. Since December 31st, 2019, it has appreciated by 295.51%.
NOTE: As reflected in the Unashig Share Pricing Formula, a buyer of Unashig shares also shares (a) part of the RTGS charge incurred when his/her funds are transferred via a bank to the Broker (we are exploring a remittance modality which does away with the RTGS cost for the buyer); and, (b) certain statutory and Brokerage charges incurred during the process of pegging (converting) CA and CB share values to the quoted values of shares collectively bought on the NSE at any material time. The total of these related charges generally adds up to 2.4% of the pegged value of the Unashig shares bought by an investor; that is: 2.4% of the number of shares ordered and subsequently bought x the prevailing Unashig share price.
FOR SUMMARIES FOR EARLIER DATES, READ: Unashig's Share Price and Market Capitalization: Week of April 12th to 16th, 2021. [A link to even earlier dates will be found there]
UPDATED: April 23rd, 2021 at 9:50 PM; April 24th, 2021 at 5:22 PM.
