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 23rd, 2022.
CBshare lost its grip at the top to close second, with a 0.16% gain. The day's advantage was with NSE 25 Index (+0.52%). CBshare's price at the close was KES1,894.00 ( or US$15.36, at debilitating forex rate of KES123.30 per US$). NSE 25 Index closed in third (0.09%):
1. NSE 20 Index: +0.52%
2. CBshare price (25 counters): +0.16%*
3. NSE 25 Index: +0.09%
4. NASI (NSE All-Share Index): 0.00%.
KES1,894.00 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 28th.
Unashig's market capitalization rose a little higher (+0.07%), to close at KES6,388,926.00 (or US$51,912.94).
YTD, the price of a CBshare has shed 17.75% in value. Unashig's market capitalization has also dropped (-14.99%). Nairobi Securities Exchange (NSE), as a whole, has continued to underperform as well, compared with the other indices. It has declined by 26.35% on a YTD basis -- to close at KES1.99 trillion.
Thursday, December 22nd, 2022.
The price of a CBshare rose so very slightly (+0.04%), but it rose -- despite all the trading gloom. And this was enough to ensure that it retained top position for another day, as we see below. It closed the day at KES1,890.99 ( or US$15.37, at the forex rate of KES123.07 per US$). In second position was NSE 25 Index (0.00%):
1. CBshare price (25 counters): +0.04%*
2. NSE 25 Index: 0.00%
3. NASI (NSE All-Share Index): -0.05%.
4. NSE 20 Index: -0.10%
Unashig's market capitalization rose a little higher (+0.07%), to close at KES6,388,926.00 (or US$51,912.94).
YTD, the price of a CBshare has shed 17.75% in value. Unashig's market capitalization has also dropped (-14.99%). Nairobi Securities Exchange (NSE), as a whole, has continued to underperform as well, compared with the other indices. It has declined by 26.35% on a YTD basis -- to close at KES1.99 trillion.
Wednesday, December 21st, 2022.
At the close of today's trading, the price of a CBshare was 0.22% higher, at KES1,890.31 (US$15.35, at the forex rate of KES123.12 per US$). This placed it at the top of the chart. In the second position was NSE 20 Index (+0.07%):
1. CBshare price (25 counters): +0.22%*
2. NSE 20 Index: +0.07%
3. NSE 25 Index: -0.11%
3. NASI (NSE All-Share Index): -0.15%.
Unashig's market capitalization rose even higher (+0.31%) than CBshare price, to close at KES6,384,715.50 (or US$51,857.66).
YTD, the price of a CBshare has shed 17.78% in value. Unashig's market capitalization has also declined, but rather less steeply (-15.05%). Nairobi Securities Exchange (NSE), as a whole, has continued to underperform the other indices. It has declined by 26.35% on a YTD basis -- to close at KES1.99 trillion.
Tuesday, December 20th, 2022.
At the close of trading this Tuesday, all indices trended downward, as shown below. The price of a CBshare dropped the most (-0.35%), to close at KES1,886.22 (or US$15.32, at the forex rate of KES123.10 per US$). NSE20 Index topped the chart (-0.04%). CBshare continued to be stuck in the fourth position (at -0.35%):
1. NSE 20 Index: -0.04%
2. NSE 25 Index: -0.15%
3. NASI (NSE All-Share Index): -0.22%
4. CBshare price (25 counters): -0.35%.*
Unashig's market capitalization also fell -0.35%, to close at KES6,365,251.50 (or US$51,707.97).
YTD, the price of a CBshare has shed 17.96% in value. Unashig's market capitalization has also shrunk, by 15.31%). Nairobi Securities Exchange (NSE), as a whole, has continued to underperform the more "focused" indices. It has remained stuck at -25.98% on a YTD basis, to close at KES 2.00 trillion.
Monday, December 19th, 2022.
All four indices that we track closed this first trading day of the week trending upward, but only marginally. The price of a CBshare closed 0.03% higher, at KES1,892.78 (or US$15.38, at the forex rate of KES123.10 per US$). NSE25 Index topped the chart with a 0.31% gain, while CBshare remained stuck at fourth with a 0.03% gain, as we see below:
1. NSE 25 Index: +0.31%
2. NSE 20 Index: +0.18%
3. NASI (NSE All-Share Index): +0.11%
4. CBshare price (25 counters): +0.03%.*
KES1,892.78 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, Tuesday, December 20th.
Unashig's market capitalization likewise rose with little fanfare (+0.03%) to close at KES6,387,389.50 (or US$51,887.81).
YTD, the price of a CBshare has shed 17.67% in value. Unashig's market capitalization has also declined, but rather less steeply (-15.01%). Nairobi Securities Exchange (NSE), as a whole, has continued to underperform the patently more "focused" indices. It has declined by 25.98% on a YTD basis -- to close at KES 2.00 trillion.
READ: Inflation wipes out returns on fixed deposits accounts (December 15, 2022)
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, December 13th to 16th, 2022. "
BOOK LINK: Rock of the Boat
NOTE: 1) Buy and Read the eBook Edition of Rock of the Boat Using a Free Kindle eBook App: Tap or Click on This Link To Download the Free eBook App
2) Alternatively, with a current subscription to Amazon Kindle Unlimited, you can download to your E-Reader, for free, a complete copy of Rock of the Boat.
