For a Background to this series of summaries at the close of each trading day, READ: Introduction to Trends in Unashig's CBshare Price and Market Capitalization (availed at this link)
Share Price and Market Capitalization on Specific Days of the Week:
Friday, August 20th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
CBshare's price jumped 0.90% to close at KES 2,556.45 (or US$ 23.34, at the deteriorated forex rate of KES 109.55 per US$). All the four indices, which benchmark NSE performance, also showed gains at the close. Here's how they ranked relarive to each other, and to CBshare's own price movement:
1) NASI (NSE All Share Index): Up 1.01%
2) CBshare Price: Up 0.90%
3) FTSE NSE Kenya 25 Index: Up 0.78%
4) NSE 25 Index: Up 0.68%
5) NSE 20 Index: Up 0.50%.
YTD, the price of a CBshare has climbed 25.16%. The momentum continues, but needs periodic refueling -- which only the constant investor can provide by purchasing CBshares on a regular basis.
Like the CBshare, Unashig's market capitalization closed the day 0.90% higher, at KES 8,111,911.50 (or US$ 74,047.57). YTD, it has climbed 45.89%. Looking farther back to December 31st, 2019, we see that it has chalked up a 378.19% gain. Hitting the 400% point is only a matter of time, then, all things considered.
IMPORTANT NOTE: The price of a CBshare will hold at KES 2,556.45 (US$ 23.34) -- plus statutory and brokerage charges approximating 2.23% over-and-above the direct cost of CBshares bought by an investor at a given time -- until 5:00 PM (GMT+3) on Monday, August 23rd. A new price will be released later that evening or night.
RELATED: NSE _ Daily Pricelist.
Thursday, August 19th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
Reflecting the general trend at the bourse, CBshare closed 0.59% lower today, at KES 2,533.69 (or US$ 23.14, at a declining forex rate of KES 109.51 per US$). However, in a pecking order pitting its performance against four NSE indices, CBshare didn't do too badly at all -- placing second as the list presented below shows:
1) NSE 20 Index: Up 0.25%
2) CBshare Price: Down 0.59%
3) NASI (NSE All Share Index) : Down 0.79%
4) NSE 25 Index: Down 0.97%
5) FTSE NSE Kenya 25: Down 1,18%.
YTD, CBshare has seen a slight downward adjustment in its price to close at 24.05%.
Unashig's market capitalization also dropped 0.59%, closing the day at KES 8,039,685.00 (or US$ 73,415.08). YTD, it closed at the 44.59 percentage point on its growth curve. And since December 31st, 2019, its growth closed today at the 373.93% point.
Wednesday, August 18th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
The price of a CBshare dropped 0.56% to close at KES 2,548.61 (or US$ 23.42, at a downward trending forex rate of KES 109.50 per US$). This new price placed CBshare fourth today, when ranked against four NSE indices whose respective performances are shown below:
1) NSE 20 Index: Up 0.23%
2) NSE 25 Index: Down 0.17%
3) FTSE NSE Kenya 25 Index: Down 0.55%
4) CBshare Price: Down 0.56%
5) NASI (NSE All Share Index): Down 0.82%.
YTD, CBshare has recorded a 24.78% price-gain; but this is a lower point on the curve than we saw yesterday.
Like CBshare's price, Unashig's market capitalization dropped 0.56% at today's close, It settled at KES 8,087,023.50 (or US$ 73,854.10). Its growth trajectory, YTD, fell back a little as well compared to yesterday's close, and settled at the 45.45 percentage point on the growth curve. Since December 31st, 2019, it has now registered a 376.72% upward swing; though it perched a little higher at yesterday's close -- as will be recalled.
Tuesday, August 17th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
Tuesday saw a continuation of the recent spike in share prices and market capitalization at the NSE. Unashig did not sell any CBshares or buy any NSE-quoted securities today. Consequently, the number of shares outstanding in its books remained steady at 3,173.11. Still, CBshare's price was affected by the broader churn of buys and sells and underlying trends at the bourse. It rose 1.94% and closed at KES 2,563.03 (or US$ 23.42, at the still sliding forex rate of KES 109.45 per US$). Like the price of a CBshare, four familiar NSE indexes recorded gains at the close. Here is where CBshare stood among them:
1) FTSE NSE Kenya 25 Index: Up 2.63%
2) NSE 25 Index: Up 2.51%
3) NASI (NSE ALL Share Index): Up 2.46%
4) CBshare Price: Up 1.94%
5) NSE 20 Index: Up 1.16%.
YTD, the price of a CBshare has surged 25.48%.
Unashig's market capitalization also rose and, in tandem, closed 1.94% higher today, at KES 8,132,768.00 (or US$ 74,305.78). This was the very first time that valuation broke into the KES 8m 'space'. YTD, it has made a 46.27% gain. Since December 31st, 2019, its cumulative gain has hit the 379.42 percentage-point on the growth curve. We are now less than KES 2m to the KES 10m target by year's end.
Monday, August 16th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
CBshare price surged 1.22% on this first traading day of the new week to close at KES 2,514.17 (or US$ 22.98, at the adverse and still weakening forex rate of KSE 109.40 per US$). This is the highest price per CBshare (in KES) so far achieved. Furthermore, compared to four performaance indices at the NSE, CBshare perched at the top of today's pecking order, as we see below:
1) CBshare price: Up 1.22%
2) NASI (NSE All Share Index): Up 0.98%
3) FTSE NSE Kenya 25: Up 0.95%
4) NSE 25: Up 0.64%
5) NSE 20: Up 0.62%.
The momentum we have been making reference to emphatically reared its head today. We filled certain gaps in Unashig's quoted holdings with the weekend's relatively bumper proceeds from CBshare sales. Continuous buying of CBshares, on the one hand, and of quoted securities on the other, is truly a winning formula. Let's keep it up.
YTD, the price of a CBshare has recorded a 23.09% gain, helped rather than hindered by the quantum of shares outstanding (the hawk-eyed denominator) which now stand at 3,173.11.
With a burst of determination, we could easily push Unashig to the KES 10m market capitalization milestone by year's end. We still have four months to do so. With what we already have, we saw market capitalization surge 2.06% today to close at a new peak of KES 7,977,733.00 (or US72,922.61). YTD, it has shown a 43.48% gain -- and, Since December 31st, 2019, a 370.28% jump.
FOR TRADING SUMMARIES FOR EARLIER DATES, PLEASE READ: Unashig's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange, August 9th to August 13th, 2021 [A link to earlier dates will be found there]
