Unashig Kenya PLC, owned by 241 shareholders at the most recent count, holds shares in 25 companies publicly quoted on the Nairobi Securities Exchange (NSE). NSE is Eastern Africa's premier bourse, being both the largest and the oldest. It is also the most innovative.
The names of companies in which Unashing has invested, and the number of shares it currently holds in each, are provided via the link below:
LINK: Unashig's holdings at the NSE at the end of October 2021
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."
Share Price and Market Capitalization on Specified Days of the Week:
Friday, November 12th, 2021.
CBshare closed 0.72% lower, at KES 2,373.78 (or US$ 21.23, at the forex rate of KES 111.92 per US$). On a YTD basis, it closed at 16.22%.
All NSE indices on the Unashig list closed lower, as the ranking below shows:
RELATED: NSE Daily Pricelist.
Thursday, November 11th, 2021.
CBshare price fell 0.70% today, to close at KES 2,390.93 (or US$ 21.37, at the highly unfavorable forex rate of KES 111.90 per US$). On a YTD basis, however, it closed 17.06% higher.
As the ranking we see below shows, all the four NSE indices also closed lower today:
Of the 25 companies in Unashig's portfolio, the following 6 had improved share prices at today's close: Bamburi, Cooperative Bank, Ilam/Fahari I-REIT, Kakuzi, Liberty Kenya and NSE. The following 8 closed at the same respective prices as on Tuesday: Britam, Carbacid, Standard Group (owners of KTN and The Standard newspaper) ), KCB, KenGen, NMG (owners of NTV and Daily Nation), Safaricom and Williamson Tea. The remaining 11 closed lower. READ: NSE Daily Pricelist.
Unashig's market capitalization also dropped 0.70% from yesterday, closing at KES 7,751,665.00 (or US$ 69,273.15). On a YTD basis, it closed 39.41% higher. Since December 31st, 2019, its "peak" has dipped a notch to a still noteworthy 358.03%.
Wednesday, November 10th, 2021.
Even without additional purchases of CBshares, the share price grew by a further 0.49% to close at KES 2,407.84 (or US$ 21.55, at the debilitating forex rate of KES 111.74 per US$). Out of the usual 4 indices, only NSE 20 index declined (for the fifth day in a row), as shown in the ranking below (in which CBshare stayed put in fourth position):
Unashig's market capitalization closed with a 0.49% gain as well, at KES 7,806,494.00 (or US$ 69,863.02). On a YTD basis, it recorded a 40.40% gain. Counting from December 31st, 2019, this gain closed at 361.27% today.
Tuesday, November 9th, 2021.
CBshare price recovered with a 0.31% gain, closing at KES 2,396.04 (or US$ 21.46, at the forex rate of KES 111.65 per US$). Three out of the usual pack of four NSE indices, but not the iconic NSE 20, also gained ground, as today's ranking shows:
Unashig's market capitalization also closed 0.31% higher, at KES 7,768,215 (or US$ 69,576.49). On a YTD basis, this capitalization closed with a 39.72% gain. Counting from December 31st, 2019, this gain reads much higher -- at 359.01%.
Monday, November 8th, 2021.
The price of a CBshare declined 0.66% to close at KES 2,388.69 (or US$ 21.41, at the forex rate of KES 111.55 per US$). This downward trend is the result of a general erosion or stagnation in the market price of certain leading stocks such as Safaricom (current events in Ethiopia likely have something to do with it), Equity Group, Stanchart, EABL, NMG, KCB and Coop Bank. Failure to "buy the dip", such as is prevailing now, represents a missed opportunity to lock-in future momentum and generate long-term benefit. It only prolongs the negative effects of the very decline we are seemingly too petrified to circumvent or neutralize. It ends up delaying recovery and the resumption of tangible growth. The savvy investor "buys the dip" by continuing to invest when the prices of valued and generally resilient stocks drop (i.e. become cheaper) for a while and seem discouraging.
Here is how the NSE indices and the price of a CBshare performed against each other and ranked today:
YTD, the price of a CBshare closed with a still respectable 16.95% gain, which keeps it ahead of a plethora of Bond Yields reported both within Kenya and around the world (including the US).
Unashig's market capitalization closed the day 0.66% down as well, at a lower valuation level of KES 7.744.34.00 (or US$ 69,425.32). YTD, however, that valuation represented a reduced gain of 39.28%. Counting since December 31st, 2019, the indicated gain stands at a still respectable 357.60%.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: "UNASHIG's Share Price and Marker Capitalization... _ November 1st - 5th, 2021." [A link to earlier dates will be found there]
