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 20th, 2022.
Friday was another down day for all metrics at the bourse. CBshare price fell 1.10%, to close the day at KES1,948.39 (or US$16.72, at the forex rate of KES116.50 per US$). The ranking presented below shows that CBshare dropped to the fourth position in relative performance:
Performance on a Week-on-Week basis -- underscoring a deeper dip -- stacked up as follows, with CBshare ranking relatively better at the third position:
Thursday, May 19th, 2022.
Reflecting the current malaise in stock markets globally, and within Kenya, CBshare price shed another 1.89%, to close the day at KES1,970.13 (or US$16.93, at the forex rate of KES116.40 per US$). All NSE indices fell as well. The ranking presented below shows that CBshare dropped to third place in relative performance:
Wednesday, May 18th, 2022.
CBshare price shed 1.33% to close the day lower at KES2,008.10 (or US$17.26, at the forex rate of KES116.35 per US$). However, all NSE indices fell more steeply than CBshare -- which once again outperformed the rest, as shown below:
Tuesday, May 17th, 2022.
CBshare price rose 0.19% to close the day slightly higher at KES2,035.14 (or US$17.49, at the forex rate of KES116.35 per US$). CBshare nevertheless stayed at the fourth position, as we see on the list below:
Monday, May 16th, 2022.
CBshare price shed 0.07% to close the day lower at KES2,031.28 (or US$17.47, at the forex rate of KES116.30 per US$). As a result, CBshare's ranking dropped to fourth, as we see on the list below:
Unashig's market capitalization also contracted 0.07%, to close at KES6,751,175.50 (or US$58,049.66).
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.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: "UNASHIG's Share Price and Market Capitalization...May 9th to 13th, 2022"