UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ June 6th to June 10th 2022

 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, June 10th, 2022. 

Only NASI recorded any sort of gain (+0.01%) at today's close. CBshare price declined 0.39% to close at KES1,913.97 (or US$16.34, at the forex rate of KES117.10 per US$). As a result,  CBshare's  performance ranking dropped from second to third, as we see below, while NASI stayed put at the top:   

1. NASI (NSE All-Share Index): +0.01%

2. NSE 25 Index: -0.37%

3. CBshare price (25 counters): -0.39%*

4. NSE 20 Index: -0.41%

5. FTSE NSE Kenya 25 Index: -0.43%.

Unashig's market capitalization shrank 0.40% (rounded), to close the week at KES6,368,930.50 (or US$54,388.82).

On the basis of Week-on-Week performance, here is how the respective metrics ranked:

1. NASI (NSE All-Share Index): +0.37%

2. FTSE NSE Kenya 25 Index: -0.18%

3. CBshare price (25 counters): -0.60%*

4. NSE 25 Index: -0.74%

5. NSE 20 Index: -1.37%.

Thursday, June 9th, 2022.

In contrast to Wednesday's closing numbers, all five metrics closed in negative territory. CBshare price shed 0.61% to close at KES1,921.56 (or US$16.41, at the forex rate of KES117.10 per US$). As we see below, however, CBshare's performance ranking rose from fourth to second, while NASI jumped from third to first:  

1. NASI (NSE All-Share Index): -0.11%

2. CBshare price (25 counters): -0.61%*

3. NSE 25 Index: -0.62%

4. FTSE NSE Kenya 25 Index: -0.68%

5. NSE 20 Index: -1.17%.

Unashig's market capitalization also shrank 0.61%, to close at KES6,394,206.00 (or US$54,604.66).

On the whole, it seems to be the case that foreign investors who heeded the dictum "Sell in May and go away" are yet to come back to the bourse. This being an election year, they may not be back till late August or early September. In the meantime, as the 'dip' continues, it's wise to grab some of the obviously low-hanging fruits at the NSE. 

Wednesday, June 8th, 2022.

CBshare price rose 0.14% to close at KES1,933.35 (or US$16.52, at the forex rate of KES117.02 per US$). All indices closed higher. However, CBshare's ranking dropped from second to fourth, as we see below:  

1. FTSE NSE Kenya 25 Index: +0.54%

2. NSE 20 Index: +0.22%

3. NASI (NSE All-Share Index):+0.15%   

4. CBshare price (25 counters):+0.14%*

5. NSE 25 Index: +0.09%.

Unashig's market capitalization also expanded 0.14%, to close at KES6,433,432.00 (or US$54,977.20). 

Tuesday, June 7th, 2022.

CBshare price climbed another 0.16% to close at KES1,930.56 (or US$16.50, at the forex rate of KES117.00 per US$). Its performance ranking consequently rose second (where it tied with FTSE NSE Kenya 25 Index), as shown below:  

1. NSE 20 Index: +0.21%  

2. CBshare price (25 counters):+0.16%*

2. FTSE NSE Kenya 25 Index: +0.16%

4. NASI (NSE All-Share Index):+0.07% 

5. NSE 25 Index: +0.03%.

Unashig's market capitalization also expanded 0.16%, to close at KES6,424,165.00 (or US$54,907.39). 

Monday, June 6th, 2022.

CBshare price gained another 0.10% to close at KES1,927.50 (or US$16.48, at the forex rate of KES116.95 per US$). Consequently, it rose in the day's ranking to the fourth position, as we see below:  

1. NASI (NSE All-Share Index):+0.26%

2. FTSE NSE Kenya 25 Index: +0.22%

3. NSE 25 Index: +0.13%

4. CBshare price (25 counters):+0.10%*

5. NSE 20 Index: -0.22%.   

Unashig's market capitalization also rose 0.10%, to close at KES6,413,977.50 (or US$54,843.76). There is still much recovery to be made, however.

ALL ARE ADVISED THAT: Share trading is not Unashig's core business, but an important aspect of an enterprise. Unashig is a limited liability company registered under Kenya's Companies Act. It is wholly owned by its registered shareholders, currently numbering 247. 

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. 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, those 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 30th to June 3rd, 2022"