UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ June 20th to 24th 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 24th, 2022.

Contrary to yesterday's numbers, two NSE gauges closed with some sort of gain today, however small. CBshare, more specifically, climbed  0.03% to close at KES1,780.83 (or US$15.12, at the still weakening forex rate of KES117.75 per US$). This was enough to push its ranking, shown below, a notch higher -- from third to second:   

1. NSE 20 Index: +0.27%

2. CBshare price (25 counters): +0.03%* 

3. NSE 25 Index: -0.63%

4. FTSE NSE Kenya 25 Index: -0.73% 

2. NASI (NSE All-Share Index): -0.92%. 

Unashig's market capitalization also gained 0.03%, to close at KES5,941,930.00 (or US$50,462).

Here is how the metrics, all in downward slopes, now stack up on a Week-on-Week (W-o-W) basis: 

1. CBshare price (25 counters): -2.99%*  

2. NSE 20 Index: -3.29%

3. NASI (NSE All-Share Index): -3.73%

4. FTSE NSE Kenya 25 Index: -3.75% 

5. NSE 25 Index: -3.79%.

We are far from being out of the woods yet, as far as current valuations go. However, as we keep noting, low(er) share prices are a great opportunity to lock in long-term value -- all prudential measures considered. 

READ: NSE is Africa's third worst-performing stock market

Thursday, June 23rd, 2022.

All metrics closed in the negative, but less so than we saw yesterday. CBshare, more particularly, fell 0.38% to close at KES1,780.37 (or US$15.13, at a weaker forex rate of KES117.70 per US$). Its ranking dropped from first to third:   

1. FTSE NSE Kenya 25 Index: -0.26% 

2. NASI (NSE All-Share Index): -0.27% 

3. CBshare price (25 counters): -0.38%*

4. NSE 25 Index: -0.49%

5. NSE 20 Index: -0.69%.

Unashig's market capitalization also fell 0.38%, and closed at KES5,940,386.50 (or US$50,470.57).  

Wednesday, June 22nd, 2022.

All metrics fell once again, and generally more steeply. In this churn, however, CBshare price outperformed, with a relatively lower loss level of 0.88% and a closing price of KES 1,787.19 (or US$15.19, at the forex rate of KES117.65 per US$). As a consequence, its ranking jumped a little higher, from second to first -- as shown below:   

1. CBshare price (25 counters): -0.88%*

2. NSE 20 Index: -1.07%

3. FTSE NSE Kenya 25 Index: -1.28%

4. NSE 25 Index: -1.43%

5. NASI (NSE All-Share Index): -1.49%. 

Boosted by the purchase of a few more CBshares by a new Shareholder (the 248th, so far), Unashig's market capitalization fell 0.79%. This was less steep than the decline in CBshare's closing price. Today's capitalization level closed at KES5,963,170.00 (or US$50,685.68).  

Tuesday, June 21st, 2022.

All metrics continued on a downward slide, but with different slopes. CBshare price fell a further 0.87%, to close at KES 1,803.03 (or US$15.33, at the forex rate of KES117.60 per US$). However, its performance ranking jumped from fifth back to second, as shown below:   

1. NSE 25 Index: -0.81% 

2. CBshare price (25 counters): -0.87%*

3. FTSE NSE Kenya 25 Index: -0.88%

4. NASI (NSE All-Share Index): -0.98%  

5. NSE 20 Index: -0.98%.

Unashig's market capitalization also fell 0.87%, to close at KES6,010,591.00 (or US$51,110.47).  

Monday, June 20th, 2022. 

All key metrics at the bourse fell at today's close, just as we saw virtually all of last week. CBshare price, more specifically, declined a further 0.92%, to close at KES 1,818.89 (or US$15.49, at the forex rate of KES117.40 per US$). As a result, its performance ranking fell to fifth, as shown below, having closed last week in the second position:   

1. NASI (NSE All-Share Index): -0.17%  

2. NSE 25 Index: -0.48% 

3. FTSE NSE Kenya 25 Index: -0.64%

4. NSE 20 Index: -0.66%

5. CBshare price (25 counters): -0.92%*.

Unashig's market capitalization also fell 0.92%, to close at KES6,063,478.00 (or US$51,648.02).   

As pointed out previously, declining share prices -- due in large part to the flight of foreign investors back to the 'safety' of their local securities exchanges, and to the local dividend season turning ex-d) -- offer a buying opportunity to those with the long view. If more shareholders heeded this call, Unashig as an investor would find itself in a progressively more rewarding position. How so? The bigger the capitalization the greater the opportunities for further growth that would come Unashig's way.

READ: "NSE hits 19-year low as US rates hit 19-year low"

SHAREHOLDERS ARE REMINDED THAT: Share trading is not Unashig's core business, but it is an important aspect of an enterprise such as ours. Unashig is a limited liability company registered under Kenya's Companies Act. It is wholly owned by its registered shareholders, currently numbering 247. Investing the amounts generated through the periodic sale of issued CBshares in dividend/income-generating ventures is a prudent and indeed surer way of growing the company. Surer, certainly, than spending it on routine office activities.

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 13th to 17th 2022"