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 8th, 2022.
CBshare jumped 1.56% to close the trading day at KES2,007.67 (or US$17.01, at a marginally improved forex rate of KES117.71 per US$). This performance pushed CBshare back to the second position. For the first time since last May 18th, more importantly, the latest price helped CBshare punch back a little -- to KES2,007.67 (or US$17.01) -- above its par (i.e. nominal) value of KES 2,000 (or US16.99, at today's rate).
Here's how the metrics faired at the close of Friday's trading:
Thursday, July 7th, 2022.
CBshare gained another 0.78% to close at KES1,976.96 (or US$ 16.75, at a forex rate of KES118.10 per US$). However, today's performance pushed CBshare down to the third position on the chart, as we see below:
Wednesday, July 6th, 2022.
NSE's recovery continues, though the pace has abated somewhat. FTSE NSE Kenya 25 Index continues to be inactive. CBshare made a 0.98% gain, to close at KES1,961.63 (or US$ 16.62, at an increasingly brutal forex rate which now stands at KES118.05 per US$). In the context of all that, today's performance was enough to push CBshare back to the top of the chart. Here's how the indices ranked:
Tuesday, July 5th, 2022.
The upward trend continued today, but less vigorously. However, FTSE NSE Kenya 25 Index remained inactive. CBshare made a 1.49% gain, to close at KES1,942.66 (US$ 16.46, at the forex rate of KES118.00 per US$). Today's performance helps CBshare keep the second position that it held yesterday. Indeed, all indices retain their relative positions, despite changes in their respective performances, as the list below shows:
Monday, July 4th, 2022.
The upward trend witnessed at the bourse much of last week continued today. Indeed, all NSE indices recorded relatively stronger growth. However, FTSE NSE Kenya 25 Index was missing in action for the second trading day in a row. Hopefully, June 30th 2022 will not turn out to have been their last day at the NSE -- just when Nairobi was making moves to launch Nairobi International Financial Centre (NIFC) as an African financial hub envisioned along the lines of London, Dubai, Singapore, Hong Kong and Johannesburg. And why not? Let's just say: #Inawezekana.
READ: Kenya seeks to rival London, Dubai with new financial hub ~ by Brian Ngugi
CBshare made a 2.40% gain, to close at KES1,914.14 (or US$ 16.23, at the forex rate of KES117.93 per US$). While we are still a ways to the KES2,000 baseline for our CBshare price, light at the end of the tunnel is detectable. Still: Do something, y'all! Today's performance places CBshare in second place, as the list below shows:
YTD numbers suggest that the price of a CBshare is now still 16.74% below where it was on December 31st 2021. Similarly, market capitalization is still down, by 15.02%.
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 27th to July 1st 2022"
