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, November 25th, 2022.
This trading week closed with two metrics recording some gains, and two other falling. CBshare price fell 0.04%, to close marginally lower at KES1,887.48 (or US$15.44, at the forex rate of KES122.23 per US$). As shown below, the day's performance raised its ranking a notch, from the fourth place yesterday to the third today:
1. NSE 20 Index: +0.55%
2. NSE 25 Index: +0.27%
3. CBshare price (25 counters): -0.04%*
4. NASI (NSE All-Share Index): -0.18%.
KES1,887.48 is the new price (before we add the standard stock-market trading charges that apply) at which a CBshare will now be traded -- until 5:00 PM, Monday, November 28th.
Unashig's market capitalization also fell -0.04%, to close at KES6,354,404.00 (or US$51,987.27).
YTD, the price of a CBshare has fallen by 17.90%, while Unashig's market capitalization has dropped 15.45%. In contrast, NSE's market capitalization has remained steady with a -26.72% loss in value, YTD, having closed Thursday at a rounded constant of KES1.98 Trillion.
Thursday, November 24th, 2022.
At the close today, all metrics recorded a downturn. CBshare, more specifically, fell 0.66%, to close at KES1,888.27 (or US$15.45, at the forex rate of KES122.25 per US$). Here's how the metrics ranked:
1. NSE 25 Index: -0.01%
2. NSE 20 Index: -0.06%
3. NASI (NSE All-Share Index): -0.22%
4. CBshare price (25 counters): -0.66%*.
Unashig's market capitalization also fell 0.60%, to close at KES6,357,081.00 (or US$52,000.66).
YTD, the price of a CBshare has fallen by 17.87%, while Unashig's market capitalization has dipped 15.42%. In contrast, NSE's market capitalization has shed 26.72% in value, YTD, having closed Thursday at KES1.98 Trillion.
Wednesday, November 23rd, 2022.
Wednesday closed with all metrics changing course and recording some gains. CBshare and NSE 25 Index led the pack, as we see below, with each recording 0.26% gain and tying for the top rank. CBshare closed at KES1,900.85 (or US$15.54, at a weaker forex rate of KES122.30 per US$).
1. CBshare price (25 counters): +0.26%*
1. NSE 25 Index: +0.26%
3. NSE 20 Index: +0.21%
4. NASI (NSE All-Share Index): +0.19%.
Unashig's market capitalization also gained 0.26%, to close at KES6,399,410.50 (or US$52,325.52).
YTD, the price of a CBshare has fallen by 17.32%, while Unashig's market capitalization has shrunk by 14.85%. In contrast, NSE's market capitalization has shed 26.35% in value, YTD, having closed Wednesday at KES1.99 Trillion.
Tuesday, November 22nd, 2022.
All the metrics continued to fall, for the second trading day in a row. CBshare fell 0.86%, to close at KES1,895.86 (or US$15.52, at a forex rate of KES122.15 per US$), but regained its top ranking at the expense of NASI -- which dropped to third:
1. CBshare price (25 counters): -0.86%*
2. NSE 25 Index: -0.99%
3. NASI (NSE All-Share Index): -1.04%
4. NSE 20 Index: -1.14%.
Unashig's market capitalization also dipped 0.86%, to close at KES6,382,633.00 (or US$52,684.63).
YTD, the price of a CBshare has fallen by 17.54%, while Unashig's market capitalization has shrunk by 15.08%. In contrast, NSE's market capitalization has shed 26.72% in value, YTD, having closed the day at KES1.98 Trillion.
Monday, November 21st, 2022.
This first trading day of the new week closed on a negative note, with all active indices closing in the negative, as the ranking below underscores. CBshare, more specifically, fell 0.39%, to close at KES1,912.33 (or US$15.65, at a forex rate of KES122.20 per US$). Its performance ranking fell from first last Friday to fourth today (literally swapping places with NASI):
1. NASI (NSE All-Share Index): -0.10%
2. NSE 25 Index: -0.25%
3. NSE 20 Index: -0.32%
4. CBshare price (25 counters): -0.39%*.
Unashig's market capitalization also dipped 0.39%, to close at KES6,438,061.50 (or US$52,684.63).
YTD, the price of a CBshare has fallen by 16.82%, while Unashig's market capitalization has shrunk by 14.34%. In contrast, NSE's market capitalization was unchanged at -22.28%, YTD, closing at KES2.1 trillion.
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, November 14th to November 18th, 2022. "
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