Rock of The Boat, A book of poems by Mauri Yambo

 Hi All,

Yours Truly just published his third book of poems. Do tap on the link below to sample the offerings, and let me know what you think. The book is available across the globe.

LINK: "Rock of the Boat": Please Sample the Offerings and Place Your Order Here

#RockOfTheBoat

More's coming, and will be shared with you.

UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ June 27th to July 1st 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, July 1st, 2022.

On the whole, NSE metrics made further gains during the week ending. However, CBshare's 0.28% gain at today's close (with an improved price per share of KES1,869.22, or US$15.87 at the forex rate of KES117.87 per US$) did not help it avoid a decline from third to fourth place out of five. Plainly, CBshare is not getting enough material support from its 248 holders!

Here is Friday's ranking of the metrics:   

1. NSE 20 Index: +0.62% 

2. NSE 25 Index: +0.45%

3. NASI (NSE All-Share Index): +0.38%

4. CBshare price: +0.28%  

5. FTSE NSE Kenya 25 Index: 0.00%.

Unashig's market capitalization expanded 0.28%, to close at KES6,236,866.50 (or US$52,944.54). 

Week-on-Week data shown below suggest both the broad and respective gains being made locally, and, more importantly, seem to signal a recovery mode of sorts. However, skeptics would argue that this is more apparent than real at this juncture, in view of the state of flux that continues to be reported around the globe and, in particular, in leading stock markets domiciled far from Nairobi. Here are the latest W-oW data:

1. NSE 25 Index: +7.20%

2. FTSE NSE Kenya 25 Index: +7.13%  

3. NASI (NSE All-Share Index): +6.60% 

4. CBshare price (25 counters): +4.96%*

5. NSE 20 Index: +3.15%.

YTD stats suggest that the price of a CBshare is still 18.69% below where it was on December 31st 2021. Similarly, market capitalization is 17.02% down. 

Regardless of all that, however, it remains true that erasing those losses can occur fairly quickly with a spirited focus on the part of investors and policymakers and implementers -- and with proper and dedicated macroeconomic management at the national and even county levels. 

Thursday, June 30th, 2022.

NSE metrics continued to record gains across the board. With a 1.39% gain and a price/share of KES1,863.95 (or US$15.81, at the forex rate of KES117.89 per US$), CBshare's ranking rose one notch from fourth to third in the day's rating scale:   

1. NSE 25 Index: +2.55%

2. FTSE NSE Kenya 25 Index: +2.40%

3. CBshare price (25 counters): +1.39%*

4. NASI (NSE All-Share Index): +1.34% 

5. NSE 20 Index: +0.76%. 

 

Unashig's market capitalization also expanded 1.39%, to close at KES6,219,280.50 (or US$52,754.95).

Wednesday, June 29th, 2022.

All NSE metrics recorded relatively better gains compared to Tuesday's results. However, with a 2.82% gain and a price/share of KES1,838.31 (or US$15.61, at the forex rate of KES117.80 per US$), CBshare fell from first to fourth in the day's rating scale, as we see below:   

1. NASI (NSE All-Share Index): +4.18% 

2. FTSE NSE Kenya 25 Index: +3.76%

3. NSE 25 Index: +3.46%

4. CBshare price (25 counters): +2.82%* 

5. NSE 20 Index: +1.39%. 

 

Unashig's market capitalization also expanded 2.82%, to close at KES6,133,738.00 (or US$52,069.08); thus going back to the KES6m+ range since last Tuesday. 

Tuesday, June 28th, 2022. 

All NSE metrics that we tracked reversed course and recorded some gains. CBshare, in particular, made a 1.26% gain to close at KES1,787.91 (or US$15.17, at the forex rate of KES117.82 per US$). This performance was sufficient to return it to the first position, as we see below:   

1. CBshare price (25 counters): +1.26%* 

2. FTSE NSE Kenya 25 Index: +1.17%

3. NSE 25 Index: +1.13%

4. NSE 20 Index: +0.96%

5. NASI (NSE All-Share Index): +0.87%. 

 

Unashig's market capitalization also expanded 1.26%, to close the day at KES5,965,567.00 (or US$50,632.89).

Monday, June 27th, 2022.

All the NSE metrics that we track closed this first day of the week in the negative. CBshare fell 0.85%, to close at KES1,765.74 (or US$14.99, at the weaker forex rate of KES117.80 per US$). This was the biggest drop today, resulting in CBshare ranking falling from second place last Friday to fifth. Here below is today's ranking:   

1. NASI (NSE All-Share Index): -0.28% 

2. FTSE NSE Kenya 25 Index: -0.34%

3. NSE 25 Index: -0.54%

4. NSE 20 Index: -0.61%

5. CBshare price (25 counters): -0.85%*. 

 

Unashig's market capitalization also dropped 0.85%, to close the day at KES5,891,572.50 (or US$50,013.35).

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

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 248. 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 20th to 24th 2022"