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, December 16th, 2022.
The usual four indices were split more-or-less evenly between gainers and losers. The price of a CBshare fell (-0.33%), to close at KES1,892.14 (or US$15.37, at the forex rate of KES123.10 per US$). NASI reversed course as well, flipping from fourth in yesterday's ranking (-0.11%) to first today (+0.33%):
1. NASI (NSE All-Share Index): +33%.
2. NSE 25 Index: +0.26%
3. NSE 20 Index: -0.21%
4. CBshare price (25 counters): -0.33%.*
KES1,898.31 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be traded -- until 5:00 PM, Monday, December 19th.
Unashig's market capitalization dipped as well (-0.27%) to close at KES6,385,218.00 (or US$51,870.70).
YTD, the price of a CBshare has shed 17.70% in value. Unashig's market capitalization has declined rather less steeply -- by 15.04%. In comparison, the market capitalization of Nairobi Securities Exchange (NSE) as a whole has continued to dip even more sharply -- by 25.98% on a YTD basis -- to close at KES 2.00 trillion.
Thursday, December 15th, 2022.
Three indices closed higher today, with NSE 20, the only one which fell yesterday, ranking first. It's all very much like the planets chasing the only sun we/they have, and continually changing positions even as they orbit it -- and none ever totally left behind -- even as the sun itself courses through the cosmos, in its own little-known orbit.
The price of a CBshare gained a little more today (+0.36%), to close at KES1,898.31 (or US$15.43, at the forex rate of KES123.00 per US$). NSE 20 Index took the lead, as we see below. CBshare's performance and ranking also improved:
1. NSE 20 Index: +0.73%
2. CBshare price (25 counters): +0.36%*
3. NSE 25 Index: +0.29%
4. NASI (NSE All-Share Index): -0.11%.
Unashig's market capitalization made a 0.36% gain to close at KES6,402,251.00 (or US$52,050.82). This, the highest valuation since last month (November 24th), was aided by a small but continuing burst of CBshare purchases. In doing so, the shareholders involved are reducing the average cost of their holdings. Value-addition will follow.
YTD, the price of a CBshare has shed 17.43 in value, which is an improvement compared to recent levels. Unashig's market capitalization has declined noticeably less -- by 14.82%. In comparison, the market capitalization of Nairobi Securities Exchange (NSE) as a whole has declined even more sharply -- by 26.35% on a YTD basis. It has continued to underperform Unashig.
Wednesday, December 14th, 2022.
Today's feed of trading data certainly reflects yesterday's hushed technical glitches at the NSE in general, and, more particularly, in the operations of at least some brokerages. Noticeably, key stats were reported yesterday and today by those concerned without the usual forthrightness or accuracy.
What we do have shows that three of the usual indices closed in positive territory, with NSE 25 Index leading the pack and NSE 20 Index trailing.
The price of a CBshare gained a marginal 0.02%, to close at KES1,891.54 (or US$15.39, at the forex rate of KES122.91 per US$). However, CBshare's performance-based ranking remained steady in third place, as we see below:
1. NSE 25 Index: +0.64%
2. NASI (NSE All-Share Index): +0.31%
3. CBshare price (25 counters): +0.02%*
4. NSE 20 Index: -0.12%..
Unashig's market capitalization made a 0.14% gain to close at KES6,377,521.70 (or US$51,887.74). This, the highest valuation since the 24th of last month, was aided by a small burst of CBshare purchases.
YTD, the price of a CBshare has shed 17.72% in value, while Unashig's market capitalization has declined by 15.14%. In comparison, however, the market capitalization of Nairobi Securities Exchange (NSE) as a whole has declined relatively more sharply; by 25.98%, on a YTD basis. More specifically, NSE has continued to underperform Unashig.
READ: Inflation wipes out returns on fixed deposits accounts (December 15, 2022)
Tuesday, December 13th, 2022.
All four indices trended upward, with NASI leading the pack. The price of a CBshare gained a further 0.42%, to close at KES1,891.13 (or US$15.39, at the forex rate of KES122.90 per US$). Despite today's performance, CBshare's ranking dropped from first last Friday to third at today's close:
1. NASI (NSE All-Share Index): +1.07%
2. NSE 25 Index: +0.99%
3. CBshare price (25 counters): +0.42%*
4. NSE 20 Index: +0.26%.
KES1,891.13 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be traded -- until 5:00 PM, Wednesday, December 14th.
Unashig's market capitalization made a 0.42% gain as well, to close at KES6,368,582.50 (or US$51,819.22). This is the highest valuation since the 24th of last month.
YTD, the price of a CBshare declined by 17.74% at the close, while Unashig's market capitalization fell by 15.26%. In comparison, the market capitalization of Nairobi Securities Exchange (NSE) as a whole has declined by 26.35% on a YTD basis. More importantly, it has continued to underperform Unashig.
Monday, December 12th, 2022.
There was no trading this Monday, which was Jamhuri Day (a national holiday).
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 28th to December 2nd, 2022. "
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