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 10th, 2023.
All four indices tumbled in today's trading -- for the third time this week. As the list below shows, CBshare declined the most (-0.78%), to close at KES1,799.59 (or US$13.95, at the forex rate of KES129.01 per US$):
1. NSE 25 Index: -0.36%
2. NSE 20 Index: -0.46%
3. NASI (NSE All-Share Index): -0.74%
4. CBshare price (25 counters): -0.78%*.
*** KES1,799.59 is the new price at which a CBshare will sell -- until 5:00 PM Monday, March 13th, 2023. However, a buyer will need to add to that price the standard stock-market trading charges that apply, and in keeping with Unashig's pegging principle.
Unashig's market capitalization also dipped by 0.78%. It closed at KES6,206,091.50 (or US$48,105.51, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare fell by a -5.13% margin; while Unashig's market capitalization dipped by -3.28%, YTD.
The market capitalization of Nairobi Securities Exchange (the Bourse as a whole) remained unchanged at -7.58%, YTD, having closed unchanged at KES1.85 Trillion.
Looking back to end-of-year 2021, Unashig's market capitalization has shrunk by -17.48%. In contrast, NSE's market capitalization has remained unchanged at -28.79%, reflecting the fact that NSE's valuation is still at KES1.85 Trillion today.
Thursday, March 9th, 2023.
Only NSE 20 pulled out of the most recent downturn to close in positive territory (0.64%). The ranking below gives the basic picture. CBshare closed 0.12% down, at KES1,813.75 (or US$14.08, at the forex rate of KES128.83 per US$). Consequently, CBshare's ranking climbed a notch, from the third position yesterday to the second today:
1. NSE 20 Index: +0.64%
2. CBshare price (25 counters): -0.12%*
3. NASI (NSE All-Share Index): -0.35%.
4. NSE 25 Index: -0.48%.
Unashig's market capitalization also shrank -- but by a narrower margin (-0.03%). It closed at KES6,254,907.00 (or US$48,551.63, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare fell by a -4.38% margin (slightly lower than we saw yesterday); while Unashig's market capitalization declined by -2.51%, YTD.
The market capitalization of Nairobi Securities Exchange (i.e., the Bourse as a whole) remained unchanged at -6.57%, YTD, having closed unchanged at KES1.85 Trillion.
Looking back to end-of-year-2021, Unashig's market capitalization has shrunk slightly more (-16.78%). In contrast, the decline in NSE's market capitalization has remained steady at -28.02%. This unchanged percentage drop reflects the fact that NSE's valuation remained unchanged at KES1.85 Trillion at today's close.
Wednesday, March 8th, 2023.
All metrics fell even more steeply today, as we see in the table below. The price of a CBshare declined by a further 2.59% to close at KES1,815.94 (or US$14.08, at a weaker forex rate of KES128.98 per US$). Consequently, CBshare's ranking dropped from the first position yesterday to the third today:
1. NSE 20 Index: -1.46%
2. NSE 25 Index: -2.29%
3. CBshare price (25 counters): -2.59%*
4. NASI (NSE All-Share Index): -3.63%.
Unashig's market capitalization also shrank -- by the same margin (-2.59). It closed at KES6,257,011.50 (or US$48,511.49, at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare fell by a -4.27% margin; while Unashig's market capitalization declined by -2.48%, YTD.
The market capitalization of Nairobi Securities Exchange (i.e., the Bourse as a whole) sank by -6.57%, YTD, having closed at KES1.85 Trillion.
Looking back to end-of-year-2021, Unashig's market capitalization has eroded by 16.75%. On the other hand, NSE's market capitalization has now shrunk by 28.02%. This percentage drop reflects the bourse's lower valuation, now worth KES1.85 Trillion at today's close.
Tuesday, March 7th, 2023.
Reflecting the general malaise at the NSE, all our metrics floundered, and closed in the negative. The price of a CBshare, more specifically, fell by 0.92% to KES1,864.30 (or US$14.52, at a somewhat improved forex rate of KES128.39 per US$). As we see below, nonetheless, CBshare dipped the least among the indices. This pushed its ranking back from the third spot yesterday (when, like two others, it closed in positive territory) to the first today:
1. CBshare price (25 counters): -0.92%*
2. NSE 20 Index: -0.94%
3. NASI (NSE All-Share Index): -1.68%
4. NSE 25 Index: -1.74%.
Unashig's market capitalization also shrank. However, thanks to the magic of the denominator, not as seriously (-0.55%). It closed at KES6,423,653.00 (or US$50,032.35), at the indicated forex rate.
YTD (Year-To-Date), the price of a CBshare fell (-1.72%). In contrast, Unashig's market capitalization recorded a small gain (+0.12%), YTD.
The market capitalization of Nairobi Securities Exchange (that is, the Bourse as a whole) fell threefold (-3.03%), YTD, having closed at KES1.92 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has now eroded by 14.53%. On the other hand, NSE's market capitalization has shrunk by 25.29% drop. This percentage decline reflects the bourse's lower valuation of KES1.92 Trillion at today's close.
Monday, March 6th, 2023.
CBshare maintained its upward trajectory but, compared to the previous day's pace, only just (+0.07%). It closed at KES1,881.65 (or US$14.59, at a still weakening forex rate of KES128.98 per US$). As a result, and as we see below, its performance ranking fell third. It was top of the list last Friday.
Here's today's ranking:
1. NSE 20 Index: +0.66%
2. NSE 25 Index: +0.48%
3. CBshare price (25 counters): +0.07%*
4. NASI (NSE All-Share Index): -0.30%.
Unashig's market capitalization also jumped but, thanks to the magic of the denominator, notably higher (+0.21%). It closed at KES6,458,983.50 (or US$50,077.40), at the weakening forex rate indicated above).
YTD (Year-To-Date), the price of a CBshare fell by 0.80%, but this was an improvement compared to Friday's price. In contrast, Unashig's market capitalization recorded a relatively higher gain (+0.67%), YTD.
The market capitalization of Nairobi Securities Exchange (that is, the Bourse as a whole) remained stagnant at -1.01%, YTD, having closed yet again at KES1.96 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has now recorded a -14.06% loss (a slight improvement since Friday); while NSE's market capitalization
remains static with a -23.74% drop. This drop reflects today's unchanged valuation of KES1.96 Trillion.
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 27th to March 3rd, 2023 "
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