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 17th, 2022.
CBshare price shed 0.75%, to close at KES 1,835.81 (or US$15.64, at the forex rate of KES117.35 per US$). However, its performance ranking went from third back to second. All NSE indices fell, as shown below:
1. NSE 20 Index: -0.17%
2. CBshare price (25 counters): -0.75%*
3. NSE 25 Index: -1.18%
4. FTSE NSE Kenya 25 Index: -1.51%
5. NASI (NSE All-Share Index): -1.75%.
Unashig's market capitalization also contracted, but by a somewhat discrepant margin of 0.57%, to close at KES6,119,880.00 (or US$52,150.66). The downward slide continued, but was subtly mitigated by the purchase of some CBshares today.
On a week-on-week basis, here's how CBshare performed relative to the four NSE indices:
1. NSE 20 Index: -2.97%
2. CBshare price (25 counters): -4.08%*
3. NSE 25 Index: -5.49%
4. FTSE NSE Kenya 25 Index: -5.99%
5. NASI (NSE All-Share Index): -6.22%.
As pointed out yesterday, and earlier, lower prices offer a buying opportunity for those with the long view. If more shareholders heeded this call, Unashig would find itself in a better and better place. The bigger the capitalization the greater the opportunities for further growth that come within your reach, and even seek you out.
READ: "NSE hits 19-year low as US rates hit 19-year low"
Thursday, June 16th, 2022.
CBshare price dipped 1.60%, to close at KES 1,849.74 (or US$15.75, at the forex rate of KES117.41 per US$). Consequently, its ranking fell from second to third. All NSE metrics covered here fell, as shown below:
1. NSE 20 Index: -0.91%
2. NSE 25 Index: -1.51%
3. CBshare price (25 counters): -1.60%*
4. FTSE NSE Kenya 25 Index: -1.68%
5. NASI (NSE All-Share Index): -1.72%.
Unashig's market capitalization also fell 1.60%, to close at KES6,155,219.00 (or US$52,425.00). The downward slide continues, as the country's economic health deteriorates -- in tandem with current global trends. Still, lower prices offer a buying opportunity for those with the long view.
Wednesday, June 15th, 2022.
CBshare price shed another 1.18%, to close at KES 1,879.77 (or US$16.03, at the forex rate of KES117.27 per US$). Its ranking nevertheless jumped from fifth to second, as shown below, having outperformed three indices. Indeed, all NSE metrics covered here fell, reflecting the current slide at the stock market and in the broader national economy:
1. NSE 20 Index: -0.76%
2. CBshare price (25 counters): -1.18%*
3. NSE 25 Index: -1.34%
4. FTSE NSE Kenya 25 Index: -1.47%
5. NASI (NSE All-Share Index): -1.62%.
Unashig's market capitalization also fell 1.18%, to close at KES6,255,138.50 (or US$53,339.63).
Tuesday, June 14th, 2022.
CBshare price dipped 0.93% to close at KES 1,902.19 (or US$16.23, at the forex rate of KES117.20 per US$). As a result, its ranking dropped today to the fifth position. The other metrics also closed in negative territory, leaving us with the day's ranking shown below:
1. NASI (NSE All-Share Index): -0.60%
2. NSE 25 Index: -0.63%
3. NSE 20 Index: -0.67%
4. FTSE NSE Kenya 25 Index: -0.70%
5. CBshare price (25 counters): -0.93%*.
Unashig's market capitalization also fell 0.93%, to close at KES6,329,736.50 (or US$54,007.99).
Monday, June 13th, 2022.
CBshare price outperformed the usual NSE indices with a 0.31% gain, to close at KES1,919.95 (or US$16.37, at the forex rate of KES117.25 per US$). It rose in the day's ranking to the first position, being also the only metric in positive territory, as we see below:
1. CBshare price (25 counters): +0.31%*
2. NSE 20 Index: -0.49%
3. NASI (NSE All-Share Index): -0.69%
4. FTSE NSE Kenya 25 Index: -0.77%
5. NSE 25 Index: -0.95%.
Unashig's market capitalization also gained 0.31%, to close at KES6,388,848.50 (or US$54,489.11).
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...June 6th to 10th 2022"
