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
Friday, October 28th, 2022.
All indices fell at today's close. Still, NSE 20 Index and NSE 25 Index gained in performance ranking. CBshare dropped from third to fourth, however, as we see below. It closed 1.08% lower, at KES1,930.21 (or US$15.91, at a forex rate of KES121.35 per US$):
1. NSE 25 Index: -0.48%
2. NSE 20 Index: -0.73%
3. NASI (NSE All-Share Index): -0.93%
4. CBshare price (25 counters): -1.08%*.
KES1,930.21 is the new price (over and above stock-market trading charges) at which a CBshare will be remotely traded -- until 5:00 PM, Monday, October 31st.
Like the price of a CBshare, Unashig's market capitalization fell 1.08% -- to close at KES6,484,738.00 (or US$53,438.30).
On a Week-on-Week basis, the metrics have displayed rather more positive performance -- with NSE 25 index perched at the top, and CBshare ranked third. Here below is the week's performance ranking:
1. NSE 25 Index: +0.42%
2. NASI (NSE All-Share Index): +0.10%
3. CBshare price (25 counters): -0.42%*
4. NSE 20 Index: -1.44%.
YTD, the price of a CBshare has fallen 16.04%, while Unashig's market capitalization has shrunk 13.72%.
READ: (Charles Mwaniki) "Surging bond rates put pressure on stock market"
Thursday, October 27th, 2022.
NSE 20 Index continued to fall, while the other metrics made some gains. CBshare closed 0.38% higher, at KES1,951.27 (or US$16.08, at a forex rate of KES121.35 per US$). Its ranking dropped to third, while NASI maintained the top position:
1. NASI (NSE All-Share Index): +0.74%
2. NSE 25 Index: +0.41%
3. CBshare price (25 counters): +0.38%*
4. NSE 20 Index: -0.09%.
KES1,951.27 is the new price (over and above stock-market trading charges) at which a CBshare will be remotely traded -- until 5:00 PM tomorrow, Friday, October 28th.
Like the price of a CBshare, Unashig's market capitalization made a 0.38% gain to close at KES6,555,501.50 (or US$54,021.44).
YTD, the price of a CBshare closed 15.13% down, while Unashig's market capitalization shed 12.78%.
Wednesday, October 26th, 2022.
All indices, except NSE 20, made gains at the close. CBshare closed 0.55% higher, at KES1,943.79 (or US$16.03, at a costlier forex rate of KES121.28 per US$). However, as shown below, its ranking dropped from first to second, even as NASI jumped from fourth to first:
1. NASI (NSE All-Share Index): +1.04%.
2. CBshare price (25 counters): +0.55%*
3. NSE 25 Index: +0.42%
4. NSE 20 Index: -0.34%.
Like the price of a CBshare, Unashig's market capitalization made a 0.55% gain to close at KES6,530,388.50 (or US$53,845.55).
YTD, the price of a CBshare closed 15.45% down, while Unashig's market capitalization shed 13.11%.
Tuesday, October 25th, 2022.
All the indices that we track pointed south this Tuesday. As we see below, however, CBshare's performance jumped from the third place to the first. It closed marginally lower (-0.05%) than we saw yesterday, at KES1,933.11 (or US$15.95, at a forex rate of KES121.20 per US$):
1. CBshare price (25 counters): -0.05%*
2. NSE 25 Index: -0.29%
3. NSE 20 Index: -0.31%
4. NASI (NSE All-Share Index): -0.33%.
Like the price of a CBshare, Unashig's market capitalization dipped 0.05%, to close at KES6,494,503.00 (or US$53,585.01).
YTD, the price of a CBshare closed 15.92% down, while Unashig's market capitalization shed 13.59%.
Monday, October 24th, 2022.
The bourse opened for business today. As it turned out, the government issued a belated notice that this Monday wasn't going to be yet another public holiday -- a celebration of #Diwali. But that didn't stop the usual frenzy of fireworks over Nairobi skies in the first three or four hours (or so) after sunset --particularly in Westlands and Parklands. There was indeed added frenzy in the works (and, one could tell, in the spirits of the celebrants), #RishiSunak (he with Indian and East African roots) having been declared, in faraway London, the new British Prime Minister.
Monday's trading floor nevertheless closed with mixed results. As we see below, CBshare's performance fell a notch to the third place, closing a further 0.22% down, at KES1,934.12 (or US$15.96, at a forex rate of KES121.20 per US$):
1. NSE 25 Index: +0.37%
2. NSE 20 Index: +0.03%
3. CBshare price (25 counters): -0.22%*
4. NASI (NSE All-Share Index): -0.41%.
Like the price of a CBshare, Unashig's market capitalization dipped 0.22%, to close at KES6,497,892.50 (or US$53,612.97).
YTD, the price of a CBshare closed 15.87% down, while Unashig's market capitalization shed 13.54%.
READ: Cytonn's Kenya Listed Insurance H1'2022 Report [Since (a) Unashig's stock holdings have an insurance component, and, (b) health insurance agency is part of Unashig's core activity, this Cytonn report has considerable relevance to Unashig shareholders]
ALSO READ: History of NSE
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 three active NSE indices.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: "UNASHIG's Share Price and....Capitalization, October 17th to 21st, 2022."
BOOK LINK: Rock of the Boat
