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, June 4th, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price dipped by 0.77% to close at KES 2,353.65 (US$ 21.82). It was therefore outdone by the two NSE indexes regularly reported by Dyer & Blair and routinely used to gauge NSE's performance day-to-day and over extended periods, namely: NSE 20 and NASI. NSE 20 dipped as well, but at 0.15%, much less steeply. NASI's 0.63% drop was much closer to Unashig's. We are, this way, reminded that every road, indeed every journey, has its bumps and periodic dips. The investment journey requires its own shock absorbers.
Dyer & Blair stats allow us to infer that local investors were, like their foreign counterparts, net buyers on this day, accounting as they did for 54.40% of total purchase value and 40.05% of total sales.
YTD (Year-to-Date), Unashig's share price has registered a 15.23% gain, despite today's dip in the longer-term growth curve.
Market capitalization closed at a respectable KES 7,157,709.00 (US$ 66,367.26), though this was 0.67% lower than yesterday's closing mark. YTD, it has appreciated by 28.73%. We are near the half-year point, and it is already difficult to see which local or foreign bond yield will outperform Unashig's performance rate!
Since December 31st, 2019, market capitalization has, at 322.94%, already grown more than three-fold (albeit from small beginnings). Today marks the tenth consecutive trading day over the 300% mark. It will not be the last.
IMPORTANT NOTE: Until Nairobi Securities Exchange (NSE) closes trading next Monday, June 7th, at 3:00 PM (GMT+3) -- and, further, releases the day's final Equity Price List approximately 60 to 90 minutes thereafter -- KES 2,353.65 (US 21.82), plus the brokerage and statutory charges detailed in the Unashig Share Pricing Formula, will prevail as the price at which a Unashig CA or CB share may be privately bought from the company.
Thursday, June 3rd, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price continued on its upward trajectory, and closed 0.31% higher today than it did yesterday, at KES 2,371.98 (or US22.00, at the forex rate of US$1:KES107.80). The 0.31% increase compares favorably with two indexes typically used to monitor day-to-day performance at the Nairobi Securities Exchange (NSE) and whose figures were reported today by Dyer & Blair as follows: NSE 20 (rose by 0.63%) and NASI (dipped by 0.15%).
Some Unashig shares were privately bought today, but the company did not purchase any quoted shares. Its total outstanding shares -- which, together with market capitalization, are crucial to determining its share price -- increased marginally to 3,038.11. YTD (Year-to-Date), that share price has appreciated in value by 16.13%.
Market capitalization recorded a gain of 0.51% today, closing at KES 7,206,336.00 (or US$ 66,849.13). YTD, it has achieved a 29.61% increase. Since December 31st 2019, it has grown by 325.81%. Today's growth level makes this Thursday the ninth consecutive trading day over the 300% mark.
Wednesday, June 2nd, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
Unashig's share price closed today with a 1.82% gain over Monday's final price, settling at a new high of KES 2,364.63 (or US$ 21.96). It will be recalled in this regard that no trading took place on Tuesday (June 1st), which was a public holiday. Though no Unashig shares were privately bought, and though Unashig did not buy any quoted shares at the bourse, today's spike in its share price reflects the momentum built into it as a result of prior patterns of stock picking. Nevertheless, frequent buying is essential to keeping momentum from stalling.
It is also worth noting, for validation purposes, that Unashig's closing share price, shown above, outpaced both the NSE 20 index (which, according to Dyer & Blair, had a 1.50% gain for the day) and NASI (which rose by 0.72%).
Foreign investors overshadowed their local counterparts at the bourse by accounting for 78.96% of the value of total share purchases and 84.79% of total sales (ref. Market Report by Dyer & Blair).
YTD (Year-to-Date), the share price has realized a cumulative gain in value of 15.77%. We have reason to believe that momentum, if nurtured, will keep it on the upward trend in the second half of this year as well.
Market capitalization closed the day 1.74% higher, at KES 7,169,831.50 (US$ 66,572.25). In KES terms, the day's gain amounted to KES 127,871.50.
YTD, market capitalization has recorded a 28.95% gain. Since December 31st, 2019, it has appreciated by 323.65%. This Tuesday's closing level therefore marked the 8th consecutive trading day with a gain above 300%.
Monday, May 31st, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price had a slight gain of 0.05% today, closing at KES 2,322.46 (or US$ 21.56, at the forex rate of US$1:KES107.71). In comparison, NSE stats show that the NSE 20 Index rose by 0.50%, while NASI (Nairobi Securities Exchange All-Share Index) retreated by 1.58%. All this has once again left Unashig standing in the middle. From another but related perspective, today's share price of KES 2,322.46 indicates that the pegged value of a Unashig CA and CB share has to-date recorded a 16.12% margin over its nominal (i.e. par) value of KES 2,000/-.
Dyer & Blair figures show that foreign investors were net sellers, being responsible for 28.32% of total purchases at the bourse and 60.15% of all sales.
Some Unashig shares were bought today, raising the total of outstanding shares to 3,032.11. Unashig also bought some quoted shares on the exchange.
YTD (Year-to-Date), the Unashig share price has maintained the 13.65% gain in value which was first recorded last Friday.
Market capitalization rose by 0.05%, and closed the day, and the month, at KES 7,041,960 (US$ 65,378.89).
YTD -- that is, over the last five full months to the end of May -- market capitalization has appreciated by 26.70%. Since December 31, 2019, we have seen a cumulative gain in value of 316.11%. This is the seventh continuous day in which the growth in market capitalization has stayed over 300%. Can't wait to see end-of-June numbers.
ALSO NOTE: This post was updated at 8:40 AM on June 1st 2021 to reflect the correct number of outstanding Unashig shares (i.e. 3,032.11) and the calculations associated with it.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: Unashig's Share Price and Market Capitalization: Week of May 24th to May 28th, 2021 [A link to earlier dates will be found there]
