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 24th, 2023.
Only CBshare (-0.21%) closed on a negative note note today, as we see below. Indeed, no metric escapes this fate whenever its valuation at the end of a given day falls below the previous day's level. However, it will still lead the pack on a given day if the other metrics fall more steeply, nominally, than it does. NSE 25 Index (+0.75%) jumped to top position, replacing NSE 20 Index ((+0.31%) -- which closed in fourth. CBshare's price closed marginally lower at KES1,650.05 per share (or US$10.81, at a slightly improved forex rate of KES152.60 per US$):
1. NSE 25 Index: +0.75%
2. NASI: +0.65%
3. NSE 10 Index: +0.64%
4. NSE 20 Index: +0.31%
5. CBshare price (25 counters): -0.21%.
[NOTE: NASI is the abbreviation for Nairobi All Share Index. As of August 3rd, 2023, and going back many months, a total of 56 active counters could be tracked as NASI constituents on NSE's electronic Trading Floor-cum-Platform. In updating the count for its own internal purposes, Unashig excluded the following seven counters due to their lack of detectable, or regular, activity on the Floor: Homeboyz, Uchumi, KPLC (two Preference Share categories), Kurwitu, Kenya Airways, and Mumias Sugar Company. Some of them remain officially suspended by the regulator].
*** KES1,650.05 (US$10.81) is CBshare's new trading price. It will prevail until 5:00 PM Monday, November 27th. As is the practice at the Nairobi Securities Exchange (NSE) and in keeping with Unashig's pegging principle, a buyer will need to add to the stated price the standard stock trading charges that apply at the NSE -- that is, 3.55% of the price of each CBshare bought (up to nine CBshares in a day's transaction).
YTD (Year-To-Date): The price of a CBshare is down 13.01%, while Unashig's portfolio valuation has dropped by 10.52%. Nairobi Securities Exchange's market capitalization, overall, is 26.77% down.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's portfolio valuation has so far shed, rather than gained, 23.61% of its value (which is a negative turn). NSE's market capitalization level has worsened to -43.58%.
As a percentage of NSE's immensely larger market valuation, Unashig's market capitalization remains 'constant' today at 0.0004%.
Thursday, November 23rd, 2023.
Only three of our targeted metrics closed on a positive note this Thursday. Performance ranking was inconstant, as is common -- and as common sense calls upon us, indeed allows us, to see. NSE 20 (+0.75%) moved a rung higher to top the day's chart. CBshare (+0.28%) jumped from fifth position yesterday to second today, and seems more feisty lately. It closed at KES1,653.43 per share (or US$10.82, at a yet higher forex rate of KES152.85 per US$). Here's how each metric ranked:
1. NSE 20 Index: +0.75%
2. CBshare price (25 counters): +0.28%
3. NSE 25 Index: +0.11%
4. NASI: -0.12%
5. NSE 10 Index: -0.20%.
YTD (Year-To-Date): The price of a CBshare is down 12.83%, while Unashig's portfolio valuation has dropped by 10.33%. Nairobi Securities Exchange's market capitalization, overall, has stayed put at -27.27%.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's portfolio valuation has so far shed 23.45% of its value (which is a tiny improvement). NSE's market capitalization level is unchanged at -43.97%.
As a percentage of NSE's market valuation, Unashig's market capitalization remains unchanged today at 0.0004%.
Wednesday, November 22nd, 2023.
Despite a generally positive show across the board, Wednesday witnessed a major shuffling of performance levels among the usual indices. NASI (+1.09%), for example, jumped from fourth place to first. NSE 25 Index (+0.56%) rose from fifth to third. CBshare (+0.38%%) fell from first place on Tuesday to fifth today. It closed at KES1,648.89 per share (or US$10.79, at a forex rate of KES152.80 per US$). Here's how each metric ranked:
1. NASI: +1.09%
2. NSE 20 Index: +0.77%
3. NSE 25 Index: +0.56%
4. NSE 10 Index: +0.47%
5. CBshare price (25 counters): +0.38%.
YTD (Year-To-Date): The price of a CBshare is down 13.07%. Unashig's portfolio valuation has dropped by 10.58%. Nairobi Securities Exchange's market capitalization, overall, has weakened by 27.27%.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's market capitalization has so far shed 23.66% of its value. In contrast, NSE's market capitalization level is 43.97% down.
As a percentage of NSE's market valuation, Unashig's market capitalization remains unchanged today at 0.0004%.
Tuesday, November 21st, 2023.
At today's close, CBshare (+1.11%) bounced back to top of the performance ladder -- a position in which it finds itself for the fourth time since last Wednesday. It closed today's trading at KES1,642.65 per share (or US$10.76, at a forex rate of KES152.60 per US$). NSE 10 Index (+0.61%) dropped from first to third today. Here's how each of the five indices ranked:
1. CBshare price (25 counters): +1.11%
2. NSE 20 Index: +0.63%
3. NSE 10 Index: +0.61%
4. NASI: +0.41%
5. NSE 25 Index: +0.33%.
YTD (Year-To-Date), the price of a CBshare is down 13.40%. Unashig's market capitalization is 10.92% down. Market capitalization at the Nairobi Securities Exchange, as a whole, is unchanged at -28.28%, YTD.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's market capitalization has shed 23.95% of its value [updated]. Market capitalization at the NSE is unchanged at -44.75%.
As a percentage of NSE's market valuation, Unashig's market capitalization remains unchanged today at 0.0004%.
Monday, November 20th, 2023.
The upward trajectory noted across the board last Friday continued today for four metrics. There was a shuffling of ranks as well, as we can observe below. NSE 10 Index (+0.37%) climbed from second place yesterday to first. CBshare (+0.09%) closed in fourth, at KES1,624.63 per share (or US$10.66, at a forex rate of KES152.45 per US$). NASI (-0.12%) ended up in fifth:
1. NSE 10 Index: +0.37%
2. NSE 25 Index: +0.32%
3. NSE 20 Index: +0.10%
4. CBshare price (25 counters): +0.09%
5. NASI: -0.12%.
YTD (Year-To-Date), the price of a CBshare is down 14.35%. Unashig's market capitalization closed the day 11.89% down. Market capitalization at the Nairobi Securities Exchange, as a whole, is unchanged at -28.28%, YTD.
Starting from farther back -- at end-of-year 2021, when it closed at KES7,515,735.50 -- Unashig's market capitalization has shed 24.78% of its value [updated]. Market capitalization at the NSE is unchanged at -44.75%.
As a percentage of NSE's market valuation, Unashig's market capitalization remains unchanged today at 0.0004%.
#NSE #CDSC #NairobiSecuritiesExchange #CBshare #StockTrading #MarketCapitalization #OnlineTrading #MarketValue #ThePeggingPrinciple #NSE20Index #NSE25Index
