For a background to this series of summaries at the end of each trading day,, READ: The Introductory Section Section (availed at this link).
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Share Price and Market Capitalization on Specified Days of the Week:
Friday, June 18th, 2021: Unashig Share Price and Market Capitalization at the Close of Trading Day.
Today's share price declined as well (by 0.54%), closing at KES 2,369.10 -- or US$ 21.97, at the forex rate of US$1:KES107.85. That dip was less steep than NASI's (which fell 0.63%), but more pronounced than the 0.39% drop reflected in the day's NSE 20 Index (ref. NSE Daily Equity Price List). Unashig bought some shares at the bourse, and its own outstanding shares grew to 3,062.32.
YTD (Year-to-Date), the share price has appreciated by 15.99%, but this is a lower level than the 16.61% recorded yesterday. Straight lines are far from typical in Share price trends.
Market capitalization declined by 0.44% at the close, settling at KES 7,255,028.00 (or US$ 67,269.62). YTD, it has recorded a gain of 30.48%. Since December 31st, 2019, it has returned a cumulative value of 327.68%. Today's close, then, represents the 20th consecutive trading day with a gain in value of over 300% during the period.
IMPORTANT NOTE: Until the close of trading at 3:00 PM (GMT+3) on Monday, June 21st -- and the release by NSE of the day's Equity Price List approximately 60 to 90 minutes thereafter -- KES 2,369.10 (US$ 21.97), plus the brokerage and statutory charges integrated into the Unashig Share Pricing Formula, will prevail as the price at which a CA or CB share may be privately bought from the company.
Thursday, June 17th, 2021: Unashig Share Price and Market Capitalization at the Close of Trading Day.
The share price dipped 0.64% at the close today, settling at KES 2,381.86 (or US$ 21.91, at the forex rate of US$1:KES108.70, at the forex rate of US$1:KES108.70). Unashig was therefore outperformed by both the NSE 20 Index (which dropped by 0.15%) and the all-share index, NASI, which fell 0.40%.
YTD, it has gained 16.61% in value. This level is of course lower than the 17.37% seen at yesterday's close. Such ups and down are, however, an unavoidable characteristic of the investment curve. Waiting for "the straight line" to become permanent would be a futile hope.
Market capitalization also reversed course, declining by 0.64%. YTD, it has lost some lift, settling slightly lower (but still solidly in positive territory) at 31.06%. Since December 31st, 2019, it has grown by 330.57%. Today's closing level marks the 19th consecutive trading day with a gain of over 300% -- and the sixth in a row over 330%.
Wednesday, June 16th, 2021: Unashig Share Price and Market Capitalization at the Close of Trading Day.
The share price reversed last Friday's decline to close 0.60% higher, settling at KES 2,397.19 (or US$ 22.24, at the forex rate of US$1:KES107.80). This gain compares favorably with two familiar NSE indexes, both of which it outperformed: NSE 20 (which edged 0.12% higher than last Friday's close) and NASI (which closed today 0.48% higher).
The company bought some quoted shares today, but its outstanding shares, held by 232 shareholders, remained steady at 3,059.36. It was a day at the bourse on which local investors played second-fiddle once again, being virtually evenly balanced between selling (37.10% of total market purchases) and buying (37.00% of total markets sales). Foreign investors clearly dominated the day -- both in selling and buying (ref. Daily Market Report by Dyer & Blair).
YTD (Year-to-Date), the share price has recorded a 17.37% gain. This is indeed the first time ever that it has cracked the 17% ceiling. We wait to see when it will hit 20%, and then reach far beyond.
Market capitalization also rose 0.60% higher, and closed at a new high of KES 7,333,871.00 (or US$68,032.20). YTD, it has surged 31.90% higher. Since December 31st, 2019 it has soared 333.34%. Today's new high marks the 18th consequtive trading day with a gain over 300%, and the fifth over 330%. We cannot quite wait for the end of 2021 to start making our very own Rule of 70 projections -- or Rule of 72, if you wish.
Tuesday, June 15th, 2021: Unashig Share Price and Market Capitalization at the Close of Trading Day.
As so often happens, Unashig's share price -- which declined by 0.05% to close at KES 2,382.80 (or US$ 22.10, at, for us, the slightly degraded forex rate of US$1:KES107.80) -- was determined entirely by the buy-and-sell flux at the bourse. Not having bought or sold any quoted shares today -- and since none of its own shares were privately bought -- Unashig was obviously a by-stander (or "passive player") in the proceedings. The quantum of its outstanding CA and CB shares stayed put at 3,059.36.
The 0.05% dip in its share price meant that Unashig was outperformed by one NSE index (NASI), which closed with a gain of 0.25%. In turn, however, it stayed ahead of the NSE 20 Index, which closed with a 0.54% drop (ref. Daily Market Report by Dyer & Blair). It did not do too badly, but the goal is to do famously.
Foreigh investors were on this day nominally "net buyers". In reality, however, they accounted for only 44.50% of all buys and 28.02% of all sells. Local investors were conversely labeled "net sellers", even though they accounted for 55.5% of all buys -- and, of course, 71.98% of all sells (ref. Daily Market Report by Dyer & Blair). It would be more instructive to focus on the overall share of total buys and total sells by respective market players.
Unashig did not buy or sell any quoted shares today, but will do so tomorrow with some residual resources in its internal pipeline.
YTD (Year-to-Date) Unashig's share price has recorded a gain of 16.66%.
Market capitalization declined by 0.49% at the close. YTD, however, it has appreciated by 31,11%. Since December 31st, 2019, moreover, it has recorded a gain of 330.74%. Today's milestone marks the 18th consequtive trading day with a gain of over 300% -- and the fourth over 330%.
On the whole, the share price (and, more broadly, market capitalization) at the close of day is an importand snapshot. After all, it gives us an idea of what it is likely to cost us to acquire a particular number of shares, or how the value of our holdings looks "right now". However, one needs to (indeed must) keep an eye on the longer-term trend -- that is, YTD or Y-on-Y and the like. We will soon begin doing more of this. We must nurture the long view.
Monday, June 14th, 2021: Unashig Share Price and Market Capitalization at the Close of Trading Day.
The share price bounced back into positive territory, closing at KES 2,383.98 (or US$ 22.13, at a somewhat more favorable forex rate of US$1:KES107.75). However, the day's 0.11% gain was far from spectacular, trailing as it did the gains of 0.40% and 0.32% made by the NSE 20 index and NASI, respectively (ref. Dyer & Blair). The number of outstanding Unashig shares rose as well, to 3,059.36, after some were bought and one fractional share boosted to a "whole".
Unashig also acquired some quoted shares. On the whole, however, local investors underperformed on this day, claiming only 20.64% of the total value of shares bought on the exchange, and 4.94% of the value of those sold (Dyer & Blair).
YTD (Year-to-Date), however, the share price has gained 16.72% in value.
The market capitalization of Unashig's holdings recorded a gain of 0.22%, closing as it did at KES 7,293,438.50 (US$ 67,688.50). YTD, it has registered a 31.17% gain; and since December 31st, 2019, it has grown by 330.96%. Today's closing value marks the 16th consecutive trading day over the 300% mark. It is, furthermore, the third consecutive closing above 330%.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: Unashig's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ June 7th to June 11th, 2021. [A link to earlier dates will be found there]
