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 29th, 2022.
All four active indices closed the week with noticeable gains, despite Tuesday's disappointments. CBshare closed today a further 0.56% over yesterday's close, at KES2,054.59 (or US$17.27, at a brutal forex rate of KES118.95 per US$). However, that gain was not enough to prevent CBshare's ranking from dropping to third:
1. NSE 20 Index: +1.17%
2. NSE 20 Index: +0.88%
3. CBshare price (25 counters): +0.56%*
4. NASI (NSE All-Share Index): +0.41%.
Unashig's market capitalization expanded a further 0.56% as well; and closed at KES6,861,523.00 (or US$57,684.09).
In terms of Week-on-Week (W-o-W) performance, here is how the metrics ranked:
1. NSE 25 Index: +3.92%
2. NASI (NSE All-Share Index): +3.28%
3. CBshare price (25 counters): +2.84%*
4. NSE 20 Index: +1.48%.
YTD (i.e, since December 31st, 2021), the price of a CBshare has made further gains, but still closed the day 10.63% in the negative. Market capitalization has also improved compared to yesterday's performance, but still closed 8.70% below par.
Thursday, July 28th, 2022.
All four active indices maintained their recent upward trend at today's close. CBshare closed a further 1.50%, at KES2,043.06 (or US$17.19, at the forex rate of KES118.88 per US$). Consequently, CBshare's ranking rose from third to second, as shown below:
1. NSE 25 Index: +1.72%
2. CBshare price (25 counters): +1.50%*
3. NASI (NSE All-Share Index): +1.42%
4. NSE 20 Index: +0.33%.
Unashig's market capitalization expanded 1.50% as well; and closed at KES6,823,024.00 (or US$57,394.21).
YTD (i.e, since December 31st, 2021), the price of a CBshare has made some noticeable gain, but still closed the day 11.13% in the negative. Market capitalization has also improved compared to yesterday's performance, but still closed 9.22% below par.
Wednesday, July 27th, 2022.
All four active indices made gains at the close this Wednesday. CBshare closed 1.27% higher, at KES2,012.85 (or US$16.97, at the forex rate of KES118.62 per US$). Consequently, CBshare's ranking for the day dropped from joint-first position to third, as we see in the ranking below:
1. NSE 25 Index: +1.46%
2. NASI (NSE All-Share Index): +1.41%
3. CBshare price (25 counters): +1.27%*
4. NSE 20 Index: +1.02%.
Unashig's market capitalization also grew 1.27%, to close at KES6,722,143.00 (or US$56,669.26).
YTD (i.e, since December 31st, 2021), the price of a CBshare gained somewhat; but still closed the day 12.45% down. Market capitalization also improved compared to yesterday's performance, but still closed l0.56% down.
Tuesday, July 26th, 2022.
All active indices dipped at the close this Tuesday. CBshare closed 0.89% down, at KES1,987.70 (or US$16.76, at the forex rate of KES118.60 per US$). Consequently, it shared the first position with NSE 25 Index, as we see in the ranking below:
1. NSE 25 Index: -0.89%
1. CBshare price (25 counters): -0.89%*
3. NASI (NSE All-Share Index): -1.09%
4. NSE 20 Index: -1.27%.
Unashig's market capitalization also fell 0.89%, to close at KES6,638,141.00 (or US$55,970.83).
YTD (i.e, since December 31st, 2021), the price of a CBshare closed the day 13.54% down, while market capitalization fell 11.68%.
Monday, July 25th, 2022.
All active indices continued in positive territory at Monday's close. CBshare closed (+0.39%), at KES2,005.54(or US$16.90, at the forex rate of KES118.67 per US$). Its ranking stayed put in the third place, as shown below:
1. NASI (NSE All-Share Index): +1.11%.
2. NSE 25 Index: +0.71%
3. CBshare price (25 counters): +0.39%*
4. NSE 20 Index: +0.25%.
Unashig's market capitalization also gained 0.39%, to close at KES6,697,730.50 (or US$56,439.96).
YTD (i.e, since December 31st, 2021), the price of a CBshare has lately seen some improvement, though it is still 12.77% down, while market capitalization is still 10.88% down.
SHAREHOLDERS ARE REMINDED THAT: While share trading is not Unashig's core business, 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 249. 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, July 18th to 22nd 2022"
