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, March 3rd, 2023.
CBshare rebounded today (+0.23%), to close at KES1,880.38 (or US$14.69, at an even weaker forex rate of KES128.00 per US$). As the list below indicates, moreover, its ranking jumped from the third position yesterday to the first today; while NASI fell from first to fourth:
1. CBshare price (25 counters): +0.23%*
2. NSE 20 Index: +0.08%
3. NSE 25 Index: +0.01%
4. NASI (NSE All-Share Index): -0.03%.
*** KES1,880.38 is therefore the new price (before we add the standard stock-market trading charges that apply) at which a CBshare will sell -- until 5:00 PM Monday, March 6th, 2023. [To that price, however, the buyer will need to add the standard stock-market trading charges that apply, and in keeping with Unashig's pegging principle].
Unashig's market capitalization, also recovered (+0.23%), to close at KES6,445,205.50 (or US$50,352.17, at the weaker forex rate indicated above).
YTD (Year-To-Date), CBshare posted a weaker price (-0.87%) -- though this was an improvement of sorts compared to Thursday's price. In contrast, Unashig's market capitalization showed a gain (+0.45%), YTD.
The market capitalization of Nairobi Securities Exchange (that is, the Bourse as a whole) was steady at -1.01%, YTD, having closed once again at KES1.96 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has now recorded a -14.24% loss; while NSE's market capitalization remains static with a -23.74% drop, reflecting an unchanged valuation of KES1.96 Trillion today.
Thursday, March 2nd, 2023.
As the performance ranking shown below shows, two indices recorded some gains at today's close, while two others ended the day at a loss. CBshare fell by 0.09%, to close at KES1,876.06 (or US$14.73, at the forex rate of KES127.40 per US$). As a result, its ranking dropped from the second to the third:
1. NASI (NSE All-Share Index): +0.26%
2. NSE 25 Index: +0.10%
3. CBshare price (25 counters): -0.09%*
4. NSE 20 Index: -0.33%.
*** KES1,876.06 is therefore the new price (before we add the standard stock-market trading charges that apply) at which a CBshare will sell -- until 5:00 PM Friday, March 3rd, 2023.
Unashig's market capitalization, also fell (-0.09%), to close at KES6,430,417.00 (or US$50,474.23, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has weakened by -1.10%. In contrast, Unashig's market capitalization shows a gain (+0.22%), YTD.
The market capitalization of Nairobi Securities Exchange (that is, the Bourse as a whole) was also steady at -1.01%, YTD, having closed once again at KES1.96 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has now recorded a -14.44% loss; while NSE's market capitalization remains static with a -23.74% dip, reflecting an unchanged valuation of KES1.96 Trillion today.
Wednesday, March 1st, 2023.
All four indices of particular interest dipped at today's close. CBshare, more specifically fell by 0.14%, to close at KES1,877.83 (or US$14.76, at today's forex rate of KES127.19 per US$). Nevertheless, its performance ranking at the close remained steady at number 2, as we see below:
1. NASI (NSE All-Share Index): -0.08%
2. CBshare price (25 counters): -0.14%*
3. NSE 25 Index: -0.21%
4. NSE 20 Index: -0.51%.
*** KES1,877.83 is therefore the new price (before we add the standard stock-market trading charges that apply) at which a CBshare will sell -- until 5:00 PM Thursday, March 2nd, 2023.
Unashig's market capitalization, also dipped by 0.14%, to close at KES6,436,474.50 (or US$50,605.19, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has weakened by -1.00%. In contrast, Unashig's market capitalization shows a 0.31% gain, YTD.
The market capitalization of Nairobi Securities Exchange (that is, the Bourse as a whole) has also remained steady at -1.01%, YTD, having remained unchanged at KES1.96 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has now recorded a -14.36% loss at today's close; while NSE's market capitalization remains static with a -23.74% dip, reflecting an unchanged valuation of KES1.96 Trillion today.
Tuesday, February 28th, 2023.
Three out of four indices closed with small gains. CBshare, in particular, closed 0.39% higher, at KES1,880.55 (or US$14.82, at today's forex rate of KES126.92 per US$). That was not enough to stop it from dropping today from first to second, as we see below:
1. NASI (NSE All-Share Index): +0.49%
2. CBshare price (25 counters): +0.39%*
3. NSE 25 Index: +0.20%
Unashig's market capitalization, on the other hand, rose by 0.48%, to close at KES6,445,787.50 (or US$50,786.22, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has 'eased' somewhat, but still closed in negative territory (-0.86%). In contrast, Unashig's market capitalization has recorded a 0.46% gain, YTD.
On the other hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) has declined slightly less steeply (-1.01%), YTD, having closed a little higher at KES1.96 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.
Monday, February 27th, 2023.
All four indices ranked here closed lower today than we saw last Friday. CBshare, more specifically, closed with a 0.25% dip, at KES1,873.22 (or US$14.76, at today's forex rate of KES126.75 per US$). That was enough, however, to catapult it back from the fourth position to the first:
1. CBshare price (25 counters): -0.25%*
2. NSE 20 Index: -0.40%
3. NSE 25 Index: -0.64%
4. NASI (NSE All-Share Index): -0.88%
Unashig's market capitalization also fell by 0.25%, to close at KES6,415,042.00 (or US$50,611.77, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare has dropped by 1.25%. In contrast, Unashig's market capitalization has recorded a marginal loss of 0.02%, YTD.
On the other hand, the market capitalization of Nairobi Securities Exchange (as The Bourse as a whole) has dropped by 1.57%, YTD, closing at KES1.95 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization recorded a 14.24% loss at today's close. The drop in NSE's market capitalization also eased somewhat (-23.74%), reflecting a marginally improved valuation of KES1.96 Trillion at today's close.
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 20th to 24th, 2023 "
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