Heaven's harmonies.
Stringplay, fine beats and lilting.
All, all for Kelya.
Stringplay, fine beats and lilting.
All, all for Kelya.
Here: Play Kelya
Friday, May 28, 2021
Monday, May 24, 2021
UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ May 24th to 28th 2021
For a background to this continuing series of summaries at the end of each trading day, READ: The Introductory Section (available at this link)
Share Price and Market Capitalization on Specified Days of the Week:
Friday, May 28th, 2021: Share Price and Market Capitalization at Close of the Trading Day.
Today's share price closed with a 1.21% gain over yesterday's, settling at KES 2,321.27 (or US$ 21.56). Unashig bought some quoted shares today with a small balance carried over from yesterday. However, no CA or CB shares were privately bought today, leaving the company's total of outstanding shares steady at 3,032.11 (the next monthly Shareholders' List will be issued on June 1st). The quantum of outstanding shares is one of two variables which determine the share price on any given day. The other is market capitalization.
Today's market report from Dyer & Blair shows that the NSE 20 Index closed with a 0.08% dip compared with yesterday; while NASI recorded a 2.22% gain -- which was 1.01 percentage points above Unashig's. As has so often happened, then, Unashig's performance placed it in-between the two indexes.
YTD (Year-to-Date), Unashig's share price has recorded a 13.65% gain. This gain is nevertheless the second lowest this week -- even if it is higher than any of the gains recorded for each day the previous week.
UPDATE (May 30th): Based on data seen in the Cytonn Weekly Report issued on May 30th, Unashig's share price performance YTD (13.65%) has actually exceeded that of both NSE 20 (-0.5%) and NASI (13.6%) -- as well as NSE 25 (8.9%), whose performance we have paid little attention to-date because it often requires additional "mining" (i.e. processing) time to determine.
Market capitalization closed today at KES 7,038,350.50 (or US$ 65,381.80). This indicates a 1.21% rise since yesterday. YTD, market capitalization has grown by 26.59%. The question that remains is: when will we hit the 50% mark?
Since December 31st, 2019, market capitalization has appreciated by 315.90%. This string of gains first exceeded the 300%-mark only on May 21st 2021. Today is therefore the sixth continuous day over that mark. What remains to be seen is when this growth will hit the 500%th mark for the first time -- even if from small beginnings.
IMPORTANT NOTE: Until the close of trading next Monday, May 31st, at 3:00 PM (GMT+3) -- and the subsequent release by NSE of the day's final Equity Price List approximately 60 to 90 minutes thereafter -- KES 2,321.27 (US$ 21.56), plus the brokerage and statutory charges pointed out in the Unashig Share Pricing Formula, will prevail as the price at which a Unashig CA or CB share may be bought from the company. The said charges add roughly 2.4% to the direct cost of the shares to be bought at any time.
Thursday, May 27th, 2021: Share Price and Market Capitalization at Close of the Trading Day.
The share price closed 1.29% down today, at KES 2,293.60 (or US$ 21.33, at the forex rate of US$1:KES107.55). Some Unashig shares were bought privately today, raising the company's outstanding shares to 3,032.11. Unashig in turn added some quoted shares to its growing and diverse portfolio. The dip in the Unashig share price was reflected as well in the two NSE Indexes which we track: NSE20 (-0.09%) and NASI (-2.17%). FYI, the NSE20 Index keeps watch on 20 select counters at the bourse, Unashig is invested in 24 counters of its own choice, and NASI (Nairobi All-Share Index) supposedly tracks all the 61 counters currently traded (or, more correctly, listed) on the NSE. Five others are suspended, namely: Mumias Sugar, Athi River Mining (ARM), Kenya Airways, Deacons and National Bank of Kenya (which has in fact been absorbed by KCB).
Dyer & Blair reports that foreign investors turned net sellers today, with 82.10% of all sales and 66.66% of all purchases. It is not known if, or how many, Diaspora Kenyans were counted as foreign investors.
YTD, the Unashig share price has gained 12.29% in fluctuating value.
The company's market capitalization closed 0.96% lower today, at KES 6,954,444.50 (or US$ 64,662.43). YTD, it has recorded a cumulative gain of 25.08%. And since December 31st, 2019, it has, despite frequent ups and downs, grown by 310.94%.
Wednesday, May 26th, 2021: Share Price and Market Capitalization at Close of the Trading Day.
Unashig's share price declined by 0.69% today, after the stellar performance recorded in the last two days. Today's price closed at KES 2,323.50 (or US$ 21.59, at the forex rate of US$1:KES107.60). Consequently, two market index data released by NSE and further processed by Unashig show that our company underperformed the NSE 20 Index (which recorded a 0.08% gain), but closed above NASI (which declined by 1.17%).
Dyer & Blair reports that foreign investors continued to dominate share buying at the bourse, accounting for 61.97% of all market purchases but 36.01% of all market sales. No Unashig shares were privately bought today, nor did the company purchase any quoted shares. The company's outstanding shares therefore remained at yesterday's level of 3,022.11. We do expect additional CA/CB share buys in the near term, however.
YTD, the share price has appreciated by 13.76%, which is nevertheless a dip from yesterday's closing number -- that is, 14.55%.
Closing at KES 7,021,861.50 (or US$ 65,258.94), and though maintaining a level above KES 7m, the company's market capitalization declined by 0.69% today. YTD, it closed with a gain of 26.29%, which was nevertheless a dip from yesterday's 27.16%. Compared to December 31st, 2019, today closed 314.92% higher -- though this was a dip as well compared to yesterday's 317.80%.
Tuesday, May 25th, 2021: Share Price and Market Capitalization at Close of the Trading Day.
The share price rose by a further 0.77% today, and settled at KES 2,339.60 (or US$21.72, at the forex rate, which is rather favorable to KES, of US$1:KES107.70). Consequently, as two market indexes computed inhouse from NSE data show, Unashig again outperformed the NSE 20 Index, which had a 0.19% gain for the day, but once again trailed NASI, which had a 1.47% gain.
Foreign investors continued in their 'net buyers' mode, accounting for 83.87% of all purchases and 48.60% of all market sales. Unashig privately sold a few of its own CB shares today at the prevailing price, and bought some quoted shares as well. It outstanding shares now total 3,022.11.
YTD, the share price has gained a 14.55% growth in value. The momentum continues. We cannot wait to hit US$ 25.00. Given Unashig's pegging principle, it is not a question of if but when.
The company's market capitalization closed today at KES 7,070,524.50. This is equivalent to US$ 65,650.18, and represents a 0.87% gain over yesterday's closing value. YTD, this market capitalization has appreciated by 27.16%. For those interested in comparisons, bond yields (foreign or domestic) don't rise this high. Since December 31st, 2019, this capitalization has grown by 317.80%.
Monday, May 24th, 2021: Share Price and Market Capitalization at Close of the Trading Day.
Today's share price jumped 2.71% higher than last Friday's, settling at KES 2,321.80 (or US$ 21.50, at the forex rate of US$1:KES108.00, which is comparatively more favorable for the local currency). Two market indexes derived from stats reported directly by Nairobi Securities Exchange indicate that Unashig outperformed the benchmark NSE 20 Index, which gained only 0.83% today; but was outdone by the catch-all NASI, which had a 3.89% gain. [Incidentally, the 0.08% rise for the day reported for NSE 20 by Dyer & Blair, whose report came out quite late today, was patently a calculation error],
Foreign investors changed gears and turned net buyers at the bourse, as reported by Dyer & Blair. They paid 83.56% of the total purchase order, and 46.64% of total market sales. The number of Unashig's CA and CB shares outstanding continued to stay put at 3,019.11. However, though the company did not buy any quoted shares either, a total of 2,400 I&M bonus shares in the ratio of 1:1, which was due last Friday was finally and fully credited to Unashig's CDSC and brokerage accounts today. This raised the total of I&M shares held to 4,800 (with today's closing price per I&M share being KES 22.90, or US$ 0.21). But the biggest gain today must be attributed to Safaricom, in which Unashig holds 58,200 shares. Its price per share closed today with a gain of over KES 2.00. We need to buy more. In fact, we must soon go beyond 100k shares
YTD, the share price has reached a suddenly new high -- registering a 13.67% cumulative gain. This signifies the built-in momentum which we continue to strive for, and to detect, in the company's diverse but still far from being sufficiently sizeable holdings. Additional CA and CB purchases would help to reinforce and further extend this momentum.
The company's market capitalization now stands at KES 7,009,761.00, or US$ 64,905.19. This represents a gain of 2.71% since Friday. It is, indeed, the highest level so far reached. YTD, we see a gain of 26.07%. Since December 31st, 2019, there has been a total gain of 314.21% -- which is yet another watershed moment.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: Unashig's Share Price and Market Capitalization: Week of May 17th to May 21st 2021 [A link to earlier dates will be found there]
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