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, August 12th, 2022.
Three out of the usual indices closed in negative territory today. CBshare was one of them, having closed 0.51% down, at KES2,149.93 (or US$18.01 at the forex rate of KES119.35 per US$). However, CBshare maintained the second position that it held at Thursday's close.
1. NSE 20 Index: +0.18%
2. CBshare price (25 counters): -0.51%*
3. NSE 25 Index: -1.07%
4. NASI (NSE All-Share Index): -1.30%.
Unashig's market capitalization contracted 0.51% as well, to close at KES7,182,074.00 (or US$60,176.57).
Reflecting a generally positive trend in Week-on-Week (W-o-W) performance, here's how the metrics ranked:
1. NSE 20 Index: +4.22%
2. NSE 25 Index: +3.59%
3. NASI (NSE All-Share Index): +3.43%.
4. CBshare price (25 counters): +3.27%*.
YTD, the value of a CBshare is now 6.48% lower than it was at the beginning of the year, despite recent gains. Likewise, market capitalization closed this Friday 4.44% down on a YTD basis.
Thursday, August 11th, 2022.
The momentum seen on Wednesday continued across the board today. CBshare, for example, gained a further 1.57%, to close at KES2,161.04 (or US$18.10). And this despite a weakening forex rate currently standing at KES119.40 per US$. As a result of the said performance, CBshare's ranking rose from fourth to second, as shown below:
1. NASI (NSE All-Share Index): +2.56%
2. CBshare price (25 counters): +1.57%*
3. NSE 25 Index: +1.51%
4. NSE 20 Index: +1.20%.
Unashig's market capitalization expanded 1.57% as well, to close at KES7,219,197.50 (or US$60,462.29).
YTD, the value of a CBshare is still 6.00% lower than it was at the beginning of the year, despite today's gain of 1.57% in addition to earlier gains. Likewise, market capitalization closed this Thursday with a 1.57%gain, but was still 3.95% down on a YTD basis.
Wednesday, August 10th, 2022.
The four active metrics maintained their upward trend. CBshare, more specifically, rose 1.24%, to close at KES2,127.55 (or US$17.83, at the forex rate of KES119.35 per US$). As seen below, its ranking nevertheless dropped from third to fourth:
1. NSE 20 Index: +1.74%
2. NSE 25 Index: +1.52%
3. NASI (NSE All-Share Index): +1.43%
4. CBshare price (25 counters): +1.24%*.
Unashig's market capitalization expanded 1.24% as well, to close at KES7,107,302.50 (or US$59,550.08).
YTD, CBshare price remained 7.46% lower than it was at the beginning of the year, despite today's 1.24% gain. Likewise, market capitalization closed the day with a 1.24%gain, but was still 5.43% down YTD.
Tuesday, August 9th,2022.
Tuesday was a national elections day, and consequently a public holiday. The stock market was closed.
Monday, August 8th, 2022.
The upward trend witnessed across the four active metrics since last Tuesday persisted at today's close. CBshare climbed another 0.95%, to close at KES2,101.55 (or US$17.63, at a forex rate of KES119.20 per US$). However, it dropped in ranking from second to third, as shown below:
1. NSE 25 Index: +1.61%
2. NSE 20 Index: +1.04%
3. CBshare price (25 counters): +0.95%*
4. NASI (NSE All-Share Index): +0.73%.
Unashig's market capitalization also grew 0.95%, to close at KES7,020,459.50 (or US$58,896.47). This marked the first time it punched above the KES7m milestone since May 4th 2022 (when it closed at KES7,021,136.50).
YTD, CBshare price recorded a further gain, but still closed 8.59% down from where it was at the beginning of the year. Market capitalization also closed with a gain, but remained 6.59% below par. It is hoped that this period of rejuvenation will be sustained in the weeks ahead.
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, August 1st to 5th 2022"
