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, February 17th, 2023.
As can be inferred from the ranking below, two indices improved their performance today. However, only NSE 25 Index recorded a gain (+0.18% today) for the second consecutive day. Having topped the ranks the previous two days, CBshare price fell marginally (-0.08%) today, to close at KES1,899.42 (or US$15.09, at the day's forex rate of KES125.89 per US$). Here's today's pecking order:
1. NASI (NSE All-Share Index): +0.28%
2. NSE 20 Index: +0.24%
3. NSE 25 Index: +0.18%
4. CBshare price (25 counters): -0.08% today%*.
KES1,899.42 is therefore the new price (before we add the standard stock-market trading charges that apply) at which a CBshare will now sell -- until 5:00 PM Monday, February 20th, 2023.
Unashig's market capitalization also closed with a -0.08% dip, at KES6,504,781.00 (or US$51,670.36, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has climbed by only 0.14% in value. But it has. Unashig's market capitalization (as already pointed out) has recorded a better gain (+1.38%), YTD, though this is a fractional dip compared to yesterday's mark.
The market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) reversed course and closed in the negative (-0.51%), at KES1.99 Trillion. This is well below Unashig's percentage gain, YTD.
Looking farther back to the end of year 2021, Unashig's market capitalization has now shed a little more (-13.45%) in value. In contrast, NSE's market capitalization is still stuck with a -22.57% loss over the period in question.
Thursday, February 16th, 2023.
Only two indices recorded gains today, as we see in the ranking below. CBshare closed with a minor gain (+0.04%), but still outperformed the other three for the second day in a row. It closed at at KES1,900.90 (or US$15.13, at the day's forex rate of KES125.65 per US$). Here's how the four indices ranked today:
1. CBshare price (25 counters): +0.04%*
2. NSE 25 Index: +0.02%
3. NSE 20 Index: -0.05%
4. NASI (NSE All-Share Index): -0.15%.
Unashig's market capitalization also closed with a +0.04% gain, at KES6,509,834.50 (or US$51,809.27, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has gained 0.21% in value. Unashig's market capitalization (as already pointed out) has recorded an even better gain (+1.46%), YTD.
The market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) recorded an improved gain (+0.51%), having closed at KES1.99 Trillion. However, this is well below Unashig's percentage gain, YTD.
Looking farther back to the end of year 2021, Unashig's market capitalization has now shed a little less value (-13.38%) than we saw previously. In contrast, NSE's market capitalization is still stuck at -22.57% during the period in question.
Wednesday, February 15th, 2023.
All metrics in our sights made gains today. CBshare ended the day with a sizeable gain (+1.08%), closing at KES1,900.07 (or US$15.14, at the day's forex rate of KES125.50 per US$). Here's how the indices ranked today:
1. CBshare price (25 counters): +1.08%*
2. NSE 20 Index: +0.32%
3. NSE 25 Index: +0.17%
4. NASI (NSE All-Share Index): +0.09%.
Unashig's market capitalization also closed with a 1.08% gain, having closed at KES6,506,983.00 (or US$51,848.47 at the indicated forex rate). This is the highest market capitalization point since/after November 3rd, 2022..
YTD (Year-To-Date), the price of a CBshare has grown by 0.17%. Unashig's market capitalization (KES6,506,983.00, as already pointed out) has recorded an even better gain (+1.41%), YTD.
YTD, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) recorded an improved gain (+0.51%), having closed at KES1.99 Trillion. However, this is well below Unashig's percentage gain, YTD.
Looking farther back to the end of year 2021, Unashig's market capitalization has, by the latest count, shed a little less (-13.42%) than we saw previously. In contrast, NSE's market capitalization is still stuck at -22.57% during the period in question.
Tuesday, February 14th, 2023.
Only NSE 20 Index closed the day with a gain of any kind (+0.01%). The other three indices ended up in the loss category. CBshare ended up with the lowest performance score (-0.59%), closing at KES1,879.84 (or US$15.03, at the day's forex rate of KES125.10 per US$):
1. NSE 25 Index: +0.01%
2. NASI (NSE All-Share Index): -0.13%
3. NSE 20 Index: -0.54%
4. CBshare price (25 counters): -0.59%*.
YTD (Year-To-Date), the price of a CBshare has shed a -0.90% in value. On the other hand, Unashig's market capitalization shows a +0.33% gain, YTD, having closed at KES6,437,735.00 (or US$51,460.71 at the indicated forex rate).
The market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) recorded a lower gain (+0.33%), YTD, having closed at KES1.99 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has so far shed rather static value (-14.34%). In contrast, NSE's market capitalization was stuck at -22.57%, being unchanged after Monday's close.
Monday, February 13th, 2023.
Two indices closed today's trading in the negative, as we see in the ranking below. The other two, CBshare and NSE 20 Index closed with the same level of percentage gain (+0.54%). CBshare closed at KES1,891.08 (or US$15.10, at the day's forex rate of KES125.26 per US$):
1. CBshare price (25 counters): +0.54%*
1. NSE 20 Index: +0.54%
3. NSE 25 Index: -0.15%
4. NASI (NSE All-Share Index): -0.27%.
YTD (Year-To-Date), the price of a CBshare continues to record a loss, albeit at a somewhat reduced rate (-0.30%).
On the other hand, Unashig's market capitalization shows a +0.93% gain, YTD, having closed at KES6,476,200.00 (or US$51,720.06 at the indicated forex rate). This is the highest valuation recorded since November 10, 2022, when it closed at KES6,499,753 (or US$53,386.06).
The market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) recorded a lower gain (+0.51%), YTD, having closed at KES1.99 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has so far shed value (-13.83%), which is nevertheless a slight improvement on Friday's performance. In contrast, NSE's market capitalization dropped marginally lower (-22.57%), compared to Friday's level (-22.18).
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, February 6th to February 10th, 2023 "
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