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 Specified Days of the Week:
Friday, October 1st, 2021.
CBshare surged 2.47%, closing at KES 2,548.03 (or US$ 23.06, at a static forex rate of KES 110.50 per USD). All the usual NSE indices also maintained a positive posture, as we see in the ranking below, even though they mostly dropped a rung or two from positions held yesterday:
1) CBshare Price: Up 2.47%*
2) NASI (NSE All Share Index): Up 1.64%
3) FTSE NSE Kenya 25 Index: Up 1.31%
4) NSE 25 Index: Up 0.96%
5) NSE 20 Index: Up 0.34%.
CBshare topped the 'chart', partly due to the triggering of a momentum already built into it, and partly because a couple of investors brought in additional capital. The more, the merrier.
UPDATE (Saturday: October 2, 2021): A look at the most recent WoW (Week on Week) data shows that the same ranking as we saw on Friday did prevail for the week as a whole -- as we see below -- even though it is not a pattern necessarily to be expected:
1) CBshare Price: Up 2.40% for the week*
2) NASI (NSE All Share Index): Up 1.92% for the week
3) FTSE NSE Kenya 25 Index: 1p 1.43% for the week
4) NSE 25 Index: Up 0.86% for the week
5) NSE 20 Index: Down 0.08% for the week.
YTD, CBshare has gained 24.75% in pegged value. Compared to Q3 (i.e. end-of-September) results reported for three NSE indices in the latest Cytonn Weekly Report, CBshare's performance placed it above three NSE indices, whose YTD gains were as follows: NASI (up 19.1%), NSE 25 (up 15.7%) and NSE 20 (up 9.1%).
Unashig's market capitalization closed 1.61% higher today, compared to the day before, at KES 8,141,225.00 (or US$ 73,676.24). YTD, it has climbed 46.42% up the growth curve. Since December 31st, 2019, it has trended higher in relative terms, to close at 379.92%.
IMPORTANT NOTE TO ALL INVESTORS, WHEREVER YOU MAY BE: The price of a CBshare will hold at KES 2,548.03 (US% 23.06) -- plus statutory and brokerage charges approximating 2.23% over-and-above the direct cost of CBshares bought at a given time -- until 5:00 PM (GMT+3) next Monday, October 4th. A new price will be released, after some 'mining', early or later Monday night.
Thursday, September 30th, 2021.
The price of a CBshare climbed 0.41% to close at KES 2,486.68 (or US$ 22.50, at a weak forex rate of KES 110.50 per USD). All four NSE indices tracked by Unashig recovered somewhat, like CBshare, to close in positive territory, as the ranking below demonstrates:
1) NASI (NSE All Share Index): Up 0.72%
2) FTSE NSE Kenya 25: Up 0.57%
3) NSE 25 Index: Up 0.48%
4) CBshare Price: Up 0.41%*
5) NSE 20 Index: Up 0.05%.
A small addition to shares outstanding in Unashig's books was made today -- raising the total to 3,222.11 and adding some unilateral weight to the denominator -- but too late for the proceeds to be invested at the bourse before the close. The investment will be made tomorrow. It is possible that this "unfinished" process eroded, however temporarily, CBshare's value-acquisition potential today.
YTD, the value of a CBshare has risen to 21.75% on the growth curve.
Like CBshare's price, Unashig's market capitalization was up 0.41% up today. It closed at KES 8,012,364.50 (or US$ 72,510.09). YTD, it closed with a 44.10% gain. Since December 31st, 2019, it has grown 372.32%.
RELATED: NSE Daily Pricelist.
Wednesday, September 29th, 2021.
At today's close, CBshare dipped 0.66% to KES 2,476.42 (or US$ 22.41, at a downward-trending forex rate of KES 110.50 per USD). All the four NSE indices which we track also fell, to the respective levels indicated in the ranking below. It is evident, already, that this is a ranking process in which none of the "contestants" is ever assured of pole position:
1) NASI (NSE All Share Index): Down 0.09%
2) FTSE NSE Kenya 25 Index: Down 0.17%
3) NSE 25 Index: Down 0.38%
4) CBshare Price: Down 0.66%*
5) NSE 20 Index: Down 0.86%.
YTD, CBshare has achieved a 21.24% gain in price.
Like CBshare, Unashig's market capitalization fell 0.66% today to close at KES 7,971,857.50 (or US$ 72,143.51). A divergence between the two growth trajectories seems to occur only when the number of shares outstanding in Unashig's books increases.
YTD, market capitalization closed at 43.37%, up the growth curve. Starting from December 31st, 2019, it has now risen to perch at the 369.93% point on the curve.
Tuesday, September 28th, 2021.
CBshare dropped 0.49% to close at KES 2,492.98 (or US$ 22.57, at an even weaker forex rate of KES 110.45 per USD). Here is how it ranked against four NSE indices, all of which also declined:
1) NSE 25 Index: Down 0.35%
2) NSE 20 Index: Down 0.37%
2) FTSE NSE Kenya 25 Index: Down 0.37%
4) NASI (NSE All Share Index): Down 0.40%
5) CBshare Price: Down 0.49%.
YTD, CBshare has, against frequent odds, held its own and hit 22.06% on the growth curve.
Like CBshare, Unashig's market capitalization fell 0.49%. YTD, it has recorded a 44.33% gain. Since December 31st, 2019, it has gained 373.07% in value.
Monday, September 27th, 2021.
CBshare's price reversed the downward slide that we have witnessed since last Tuesday to close 0.68% higher than last Friday, at KES 2,505.31 (or US$ 22.69, at a disadvantageous forex rate lately stuck at KES 110.40 per USD). Like CBshare, all the four NSE indices that we track closed the day on a positive note. Here is how they placed against each other:
1) NSE 20 Index: Up 0.77%
2) CBshare Price: Up 0.68%*
3) NSE 25 Index: Up 0.16%
4) NASI (NSE All Share Index): Up 0.15%
5) FTSE NSE Kenya 25 Index: Up 0.10%.
Evidently, CBshare continues to be quite competitive against the mentioned indices, and to prove its worth. However, its present achievement is due essentially to the momentum built into it via periodic portfolio adjustments, and, secondly, to the not-so-recent infusion of fresh capital by the more enthusiastic shareholders. It is far from optimized.
In a word, we did not "buy the dip" at all, this time. We did not deploy additional funds to seize the opportunity to buy cheaper stocks; an opportunuty which may already be fading away. Unashig's "speed of capital" mobilization was too slow in the circumstances. We need to rev it up, as other opportunities will surely present themselves. We will most likely do better next time, if we do. We should.
YTD, CBshare has gained 22.66% in value, but this is not the highest peak it has scaled.
RELATED: Cytonn Weekly Equities Report, September 26, 2021
Like CBshare, Unashig's market capitalization closed 0.68% higher, at KES 8.064,871.50 (or US$ 73,051.37) than we saw at lasf Friday's close. YTD, it closed 45.05% higher. Since December 31st, 2019, it has now hit 375.41% on the growth curve.
FOR TRADING SUMMARIES FOR EARLIER DATES, READ: UNASHIG's Share Price and Market Capitalization of Holdings Quoted... _ September 20th to 24th, 2021 [A Link to earlier dates will be found there]
