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 31st, 2023.
CBshare roared back (+1.03%) to the front of the pack, as we see below, to close the week at KES1,763.83 (or US$13.31, at a still tanking forex rate of KES132.50 per US$). Indeed, all metrics closed in positive territory, spurred at least in part by NSE's return to a KES1.76 Trillion valuation:
1. CBshare price (25 counters): +1.03%*
2. NSE 25 Index: +0.99%
3. NASI (NSE All-Share Index): +0.91%
4. NSE 20 Index: +0.68%.
*** KES1,763.83 is the new price at which a CBshare will sell -- until 5:00 PM Monday, April 3rd, 2023. As is the practice at the bourse (and in keeping with Unashig's pegging principle), however, a buyer will need to add to that price the standard stock-market trading charges that apply -- that is, 3.55% of the price of each CBshare bought (up to 9 CBshares purchased in a transaction).
Unashig's market capitalization climbed by 1.06%, to close the day at KES6,100,395.50 (or US$46,040.72, at the forex rate indicated above). This is the highest point recorded since March 13th of this year.
On a YTD (Year-To-Date) basis, the price of a CBshare dropped by 7.01%. Unashig's market capitalization in turn fell by 4.92%.
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole closed at -11.11%, YTD, reflecting its latest valuation at KES1.76 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents an 18.83% decline. In turn, NSE's valuation has dipped by 31.52%.
Thursday, March 30th, 2023.
CBshare fell back (-0.13%), to close at KES1,745.85 (or US$13.19, at the forex rate of KES132.40 per US$). Consequently, CBshare's ranking fell to the third position, as shown below:
1. NSE 20 Index: +0.82% 2. NSE 25 Index: +0.11%
3. CBshare price (25 counters): -0.13%*
4. NASI (NSE All-Share Index): -0.66%.
Unashig's market capitalization also dropped by 0.13%, to close the day at KES6,036,459.50 (or US$45,592.59, at the current forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare has dropped by 7.96%. Unashig's market capitalization is, in turn, down by 5.92%.
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole closed at -12.12%, YTD, reflecting its latest valuation at KES1.74 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents a 19.68%. In turn, NSE's valuation has dipped by 32.30%.
Wednesday, March 29th, 2023.
CBshare bounced back with a 1.44% gain to close at KES1,748.19 (or US$13.23, at a further decline in the forex rate to KES132.15 per US$). As shown in today's performance ranking, CBshare once again closed in the first position:
1. CBshare price (25 counters): +1.44%*
2. NSE 25 Index: +1.42%
2. NSE 20 Index: +1.07%
3. NASI (NSE All-Share Index): +0.82%.
Spurred by some purchase of CBshares, Unashig's market capitalization grew by 1.53%, to close the day at KES6,044,573.50 (or US$45,740.25, at the current forex rate). In KES terms, this was the highest valuation in the last fortnight (that is, since March 14th).
YTD (Year-To-Date), the price of a CBshare improved somewhat, thought it closed at -7.84%. Unashig's market capitalization also improved, having pared its slide to -5.79%, compared Tuesday's closing point (-7.21%).
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole closed at -11.11% YTD, reflecting its latest valuation at KES1.76 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents a slightly reduced loss (-19.57%. In turn, NSE's valuation has, since then, reduced its decline to -31.52%.
Tuesday, March 28th, 2023.
The price of a CBshare fell (-0.39%), at the close, to KES1,723.34 (or US$13.10, at a steady forex rate of KES131.60 per US$). Consequently, CBshare's performance ranking slid to fourth place, as we see below:
1. NSE 20 Index: +0.78%
2. NSE 25 Index: +0.50%
3. NASI (NSE All-Share Index): -0.24%
4. CBshare price (25 counters): -0.39%*.
Unashig's market capitalization also contracted by -0.39%, to close at KES5,953,466.00 (or US$45,239.10, at the current forex rate).
YTD (Year-To-Date), the price of a CBshare once again declined, to close at -9.15%. Likewise, Unashig's market capitalization closed lower (-7.21%), compared to Monday's closing point.
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole closed at -12.12% YTD, reflecting its latest valuation of KES1.74 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents a -20.79% loss. In turn, NSE's valuation has, since then, declined by 32.30%.
Monday, March 27th, 2023.
CBshare edged upwards today (+0.80%) -- moving from the fourth to the third rank -- even as the other three metrics continued with their respective gains, buoyed as they were by the bourse's marginally higher valuation at the close (KES1.75 Trillion). It closed at KES1,730.10 (or US$13.15, at a further weakened forex rate of KES131.60 per US$). Here's how the indices ranked:
1. NSE 25 Index: +1.73%
2. NASI (NSE All-Share Index): +0.81%
3. CBshare price (25 counters): +0.80%*
4. NSE 20 Index: +0.31%.
Unashig's market capitalization also jumped by 0.80%, to close at KES5,976,812.50 (or US$45,416.51, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare moderated somewhat, to close at -8.79% (as opposed to -9.52% last Friday). Likewise, Unashig's market capitalization closed at -6.85% (as opposed to -7.59% on Friday).
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse), as a whole, reduced its contraction by just over a percentage point, YTD, to -11.62% today, as it closed a little higher at KES1.75 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization has now reduced its slide to -20.48%, reflecting NSE's valuation today -- down less steeply (-31.91%), compared to -32.68% last Friday.
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, March 20th to March 24th 2023 "
BOOK LINK: Rock of the Boat
NOTE: 1) Buy and Read the eBook Edition of Rock of the Boat Using a Free Kindle eBook App: Tap or Click on This Link To Download the Free eBook App
2) Alternatively, with a current subscription to Amazon Kindle Unlimited, you can download to your E-Reader, for free, a complete copy of Rock of the Boat.
