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 24th, 2023.
Only one index, NSE 20, closed with a gain (+0.12%) today. Consequently, it ranked first. CBshare closed with a -0.25% loss, at KES1,877.83 (or US$14.80, at today's forex rate of KES126.90 per US$). It dropped from first to fourth. Here's how the four indices stacked up at the close:
1. NSE 20 Index: +0.12%
2. NSE 25 Index: -0.04%
3. NASI (NSE All-Share Index): -0.09%
4. CBshare price (25 counters): -0.25%*.
*** KES1,877.83 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 27th, 2023.
Unashig's market capitalization also fell by 0.25% in value, to close at KES6,430,847.00 (or US$50,676.49, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has dropped by 1.00%. In contrast, Unashig's market capitalization has recorded a 0.23% gain, YTD.
On the orther hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) has remained steady at -0.51%, YTD, closing at KES1.97 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has recorded a -14.43% loss at today's close; while NSE's market capitalization remains static with a -23.35%, reflecting an unchanged KES1.97 Trillion valuation at today's close.
Thursday, February 23rd, 2023.
The downward slide witnessed yesterday persisted today across the four indices, as the performance ranking presented below indicates. As we saw yesterday, moreover, CBshare fell the least today (-0.14%). Consequently, it retained its top performance ranking , closing at KES1,882.46 (or US$14.91, at today's forex rate of KES126.29 per US$):
1. CBshare price (25 counters): -0.14%*
2. NSE 25 Index: -0.28%
3. NASI (NSE All-Share Index): -0.36%
4. NSE 20 Index: -0.63%.
Unashig's market capitalization also shed 0.14% in value, to close at KES6,446,681.50 (or US$51,046.65, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has dropped by 0.76%. In contrast, Unashig's market capitalization has recorded a 0.47% gain, YTD.
On the orther hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) has fallen by 0.51%, YTD, closing at KES1.97 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization shows a -14.22% loss at today's close; while NSE's market capitalization shows a decline of -23.35%, reflecting a KES1.97 Trillion valuation at today's close.
Wednesday, February 22nd, 2023.
As the performance ranking presented below indicates, all four indices fell at the close of day. However, CBshare fell the least (-0.06%) today, and consequently jumped from fourth yesterday to first today. NASI, on the other hand, fell from first to fourth. CBshare closed at KES1,885.14 (or US$14.95, at today's forex rate of KES126.07 per US$):
1. CBshare price (25 counters): -0.06%*
2. NSE 20 Index: -0.48%
3. NSE 25 Index: -0.91%
4. NASI (NSE All-Share Index): -1.78%.
Unashig's market capitalization also shed 0.06% in value, to close at KES6,455,886.00 (or US$51,208.74, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has dropped by -0.62%. In contrast, Unashig's market capitalization recorded a +0.62% gain, YTD.
On the orther hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) remained unchanged (0.00%), YTD, at KES1.98 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization showed a -14.10% dip at today's close; while NSE's market capitalization remained unchanged at -22.96%, reflecting an unchanged KES1.98 Trillion valuation.
Tuesday, February 21st, 2023.
Three out of four metrics improved their performance today, as shown on the list below. CBshare's price remained essentially unchanged (0.00%), to close at KES1,886.27 (or US$14.95, at the day's forex rate of KES126.13 per US$). However, its performance ranking fell from second to fourth:
1. NASI (NSE All-Share Index): +1.75%
2. NSE 25 Index: +0.79%.
3. NSE 20 Index: +0.03%
4. CBshare price (25 counters): 0.00%*.
Unashig's market capitalization also remained practically unchanged (0.00%), to close at KES6,459,733.50 (or US$51,214.89, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has dropped by -0.56%. In contrast, Unashig's market capitalization gain has remained unchanged (+0.68%), YTD, compared to the gain seen yesterday.
On the other hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) remained unchanged (0.00%), YTD, at KES1.98 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization was still stuck at -14.05% at today's close; while NSE's market capitalization remained unchanged at -22.96%, reflecting an unchanged KES1.98 Trillion valuation.
Monday, February 20th, 2023.
All four metrics that we track closed this first day of the week with a loss. Our main focus, CBshare price, fell by -0.69%, to close at KES1,886.32 (or US$14.96, at the day's forex rate of KES126.13 per US$). Consequently, its ranking jumped from the fourth to the second position today, as we see below:
1. NSE 20 Index: -0.55%
2. CBshare price (25 counters): -0.69%*
3. NASI (NSE All-Share Index): -0.71%
4. NSE 25 Index: -0.79%.
Unashig's market capitalization also closed with a -0.69% drop, at KES6,459,905.50 (or US$51,216.25, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has dropped by -0.55%. In contrast, Unashig's market capitalization recorded a 0.68% gain, YTD.
On the orther hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) remained unchanged (0.00%), YTD, at KES1.98 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has now shed a little more (-14.05%) in value; while NSE's market capitalization is down 22.96%.
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 13th to 17th, 2023 "
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