For a Background to this series of summaries at the close of each trading day, please READ: "Introduction to Trends in Unashig's CBshare Price and Market Capitalization"
Share Price and Market Capitalization at the Close of Specified Days of the Week [Abridged]
Friday, May 13th, 2022.
CBshare price dipped 1.18% to close the day at KES2,032.78 (or US$17.48, at the forex rate of KES116.20 per US$). This performance placed it second to NSE 20 Index (+0.77%) on the list shown below:
Here is how the metrics ranked on a Week-on-Week basis (with all of them closing in the negative):
1. NSE 20 Index: -0.48%.
2. CBshare price (25 counters): -1.88%*
3. NSE 25 Index: -2.46%
4. FTSE NSE Kenya 25 Index: -3.22%
5. NASI (NSE All-Share Index): -3.51%.
Thursday, May 12th, 2022.
CBshare price and all the usual NSE indices fell today. As we see in the ranking below, however, CBshare declined the least and consequently regained its top position. It shed 0.79% to close at KES2,056.96 (or US$17.72, at the forex rate of KES116.10 per US$).
Wednesday, May 11th, 2022.
CBshare price shed 0.07% to close at KES2,073.35 (or US$17.86, at the forex rate of KES116.10 per US$). As shown in the ranking below, all the NSE indices closed in positive territory and outperformed CBshare:
Tuesday, May 10th, 2022.
CBshare price made another marginal gain today, rising 0.08% and closing at KES2,074.85 (or US$17.87, at the forex rate of KES116.10 per US$). This performance returned it to first place. It was the only one among the key indices to close in positive territory, as shown below:
Monday, May 9th, 2022.
For the first time in the last 16 days (since April 21st), CBshare price closed in positive territory (+0.07%) at KES2,073.27 (or US$17.87, at the forex rate of KES116.05 per US$). However, its performance ranking dropped to third, as shown below:
4. NSE 20 Index: -0.09%
ALL ARE ADVISED THAT: Share trading is not Unashig's core business, but an important aspect of enterprise. Unashig is a limited liability company registered under Kenya's Companies Act and entirely owned by its registered shareholders.
The average number of CBshares held per shareholder remains very low, however. This is not conducive to rapid capital/asset growth, or the generation of substantial and distributable dividend income from stock holdings. For over 12 months, the value of our CBshare has proven that Unashig's investment decisions continue to be competitive with, and quite frequently superior to, investment decisions pegged on the trajectory of any or often all of the four leading NSE indices. Indeed, its aggregate annual yield is, in percentage terms, superior to that of bonds issued in Kenya and, from what we can see, bond yields reported by US and European securities exchanges.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: "UNASHIG's
Share Price and Market Capitalization...May 2nd to 6th, 2022"