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.
Thursday, April 6th, 2023.
All four indicators closed noticeably higher today. So did NSE's (the bourse's) valuation, which jumped to KES1.78 Trillion. CBshare certainly outperformed (+1.94%) the other three, to close at KES1,792.72 per share (or US$13.42, at today's 'insane' forex rate of KES133.60 per US$). More to the point, CBshare also surged from the fourth position to the first, as shown below. NASI (yesterday's numero uno) slipped a notch, from first to second:
1. CBshare price (25 counters): +1.94%*
2. NASI (NSE All-Share Index): +1.30%
3. NSE 20 Index: +1.28%
4. NSE 25 Index: +0.48%.
*** KES1,792.72 is the new price at which a CBshare will sell -- until 5:00 PM next Tuesday, April 11th, 2023. The bourse will be on Easter recess from tomorrow (Good Friday) to all of next Monday.
As is the practice at the bourse (and in keeping with Unashig's pegging principle), a buyer will need to add to the stated price the standard stock trading charges that apply at the NSE -- that is, 3.55% of the price of each CBshare bought (up to 9 CBshares in one day's transaction).
Unashig's market capitalization jumped as well (+1.94%), to close at KES6,200,306.00 (or US$46,409.47, at today's markedly weaker forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare fell less steeply (-5.49%) at today's close. Unashig's market capitalization also shrank more mildly (-3.37%).
The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole gained some relief as well, YTD, easing as it did from a dip of -11.11% to -10.10%. This was also due to today's aggregate valuation of KES1.78 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now displays a 17.50% decline (yesterday it closed at -19.07%). Likewise, NSE's new valuation gives it a -30.74% score, which is a minor gain compared to yesterday's valuation of -31.52%.
Wednesday, April 5th, 2023.
All four indicators in Unashig's focus fell today. CBshare pared 0.70% of yesterday's value, to close at KES1,758.57 per share (or US$13.20, at today's forex rate of KES133.20 per US$). This performance pushed CBshare back to the fourth position, as shown below. On the other hand, NASI (yesterday's weakest performer), topped today's chart:
1. NASI (NSE All-Share Index): -0.01%
2. NSE 25 Index: -0.12%
3. NSE 20 Index: -0.45%
4. CBshare price (25 counters): -0.70%*.
*** KES1,758.57 is the new price at which a CBshare will sell -- until 5:00 PM Thursday, April 6th, 2023. However, as is the practice at the bourse (and in keeping with Unashig's pegging principle), a buyer will need to add to that price the standard stock trading charges that apply -- that is, 3.55% of the price of each CBshare bought (up to 9 CBshares in one day's transaction).
Unashig's market capitalization also dipped by 0.70%, to close at KES6,082,207 (or US$45,662.18, at today's weaker forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare declined by 7.29%; while Unashig's market capitalization shrank by 5.21%.
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole remained static at -11.11%, YTD. This was due to its unchanged valuation of KES1.76 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents a 19.07% decline (yesterday it was at -18.51%). On the other hand, NSE's valuation is unchanged at negative 31.52%.
Tuesday, April 4th, 2023.
While all four metrics that we regularly report on closed with gains yesterday, only two did so today. CBshare, our main focus in these reports, maintained a positive 'flight path', but made a much smaller gain today (+0.03%). It closed at KES1,770.93 per share (or US$13.31, at a still weakening forex rate of KES133.05 per US$). Still, as we see below, today's performance lifted CBshare from yesterday's fourth place to today's first-place tie with NSE20 Index (yesterday's top performer):
1. NSE 20 Index: +0.03%
1. CBshare price (25 counters): +0.03%*
3. NSE 25 Index: -0.37%
4. NASI (NSE All-Share Index): - 0.40%.
Unashig's market capitalization also rose by 0.03%, to close at KES6,124,941.50 (or US$46,034.89, at today's weaker forex rate).
On a YTD basis, the price of a CBshare dropped by 6.64%; while Unashig's market capitalization fell by 4.54%. Both percentages were 'less bad' than we saw yesterday.
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole closed weaker at -11.11%, YTD. This was due to its latest valuation at KES1.76 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents an 18.51% decline (yesterday it was at -18.53%). On the other hand, NSE's valuation has dipped by 31.52% (that is, rather more challenged compared to -31.13% yesterday).
Monday, April 3rd, 2023.
CBshare closed this first day of the week with a 0.37% gain, at KES1,770.34 per share (or US$13.35, at a somewhat weaker forex rate of KES132.56 per US$). As shown in the ranking below, the other metrics closed with relatively higher gains, pushing CBshare to fourth place. The upward drift all around was helped by NSE's improved valuation (KES1.77 Trillion).
1. NSE 20 Index: +0.60%
2. NSE 25 Index: +0.54%
3. NASI (NSE All-Share Index): +0.43%
4. CBshare price (25 counters): +0.37%*.
Unashig's market capitalization also rose by 0.37%, to close at KES6,122,909.00 (or US$46,189.72, at the prevailing forex rate).
On a YTD basis, the price of a CBshare dropped by 6.67%; while Unashig's market capitalization fell by 4.57%.
On the other hand, the market capitalization of Nairobi Securities Exchange (the Bourse) as a whole closed at -10.61%, YTD. This was some improvement, due to its latest valuation at KES1.77 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization now represents an 18.53% decline (last Friday it was at -18.83%). On the other hand, NSE's valuation has dipped by 31.13% (that is, rather more mildly compared to -31.52% last Friday).
READ: Kenya: Squatters buy Sh101 million extra Kakuzi shares.
READ: Mystery (local) investor's purchase of Safaricom shares stops plunge (Buying the Dip)
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 27th to March 31st 2023 "
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