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, April 21st, 2023.
Friday has been declared a public holiday in recognition/celebration of Eid Mubarak, a Muslim holy day. There will be no trading at the bourse on Friday and until Monday.
Thursday, April 20th, 2023.
Yesterday's decline across-the-board recurred today. Performance among the indices varied. However, their ranking remained the same as we saw yesterday, and as shown on the list below. NSE's market capitalization shrank to KES1.68 Trillion. NSE 20 Index retained the lead (with a -0.53% drop). As already indicated, CBshare remained in fourth position (with a -0.85% drop). It closed at KES1,705.25 (or US$12.60, at today's forex rate of KES135.35 per US$):
1. NSE 20 Index: -0.53%
2. NSE 25 Index: -0.68%
3. NASI (NSE All-Share Index): -0.75%
4. CBshare price (25 counters): -0.85%*.
*** KES1,705.25 is the new price at which a CBshare will sell -- until 5:00 PM Monday, April 24th, 2023. 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 also fell (to -0.85%), to close at KES5,897,795.50 (or US$43,574.40, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed lower today, at -10.10%. Unashig's market capitalization also fell (closing at -8.08%), YTD. The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole shrank to KES1.68 Trillion (a -15.15% drop), YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization now stands at a -21.53% loss. NSE's market valuation of KES1.68 Trillion in turn represents -34,63% drop for the bourse as a whole, during the indicated period of roughly 15 months.
Wednesday, April 19th, 2023.
All metrics once again headed south, as we see in the (corrected) ranking provided below. NSE's market capitalization was static at KES1.70 Trillion. NSE 20 Index took the lead (-0.32%). On the other hand, CBshare's performance ranking fell back to fourth, from yesterday's top ranking, as its price closed lower (-0.57%), at KES1,719.86 (or US$12.72, at today's forex rate of KES135.20 per US$):
1. NSE 20 Index: -0.32%
2. NSE 25 Index: -0.41%
3. NASI (NSE All-Share Index): -0.54%
4. CBshare price (25 counters): -0.57%*.
Unashig's market capitalization also dipped (-0.57%), to close at KES5,948,328.50 (or US$43,996.51, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed more steeply today (-9.33%) than we saw yesterday. Unashig's market capitalization also displayed a larger decline (closing at -7.29%), YTD. The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole remained steady, however, at -14.14%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization shrank (-20.86%). NSE's unchanged market valuation of KES1.70 Trillion also represents a continued low (-33.85%) during the indicated period.
Tuesday, April 18th, 2023.
Three out of four metrics continued to slide, as we see in the ranking provided below. NSE's market capitalization fell to KES1.70 Trillion. However, CBshare's ranking jumped from third to first, as its price closed 0.24% higher, at KES1,729.80 (or US$12.81, at today's forex rate of KES135.01 per US$):
1. CBshare price (25 counters): +0.24%*
2. NSE 20 Index: -0.03%
3. NSE 25 Index: -0.17%
4. NASI (NSE All-Share Index): -0.46%.
Unashig's market capitalization also rose (+0.24%), to close at KES5,982,701.50 (or US$44,313.02, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed less steeply today (-8.81%) than we saw yesterday. Unashig's market capitalization also displayed a lesser decline (closing at -6.76%), YTD. The change in NSE's market capitalization remained constant at -14.14%, YTD.
Looking farther back to end-of-year 2021, we see that Unashig's market capitalization closed further today, at -20.40%. However, NSE's market valuation of KES1.70 Trillion meant that the bourse's loss stayed put at -33.85% during the indicated period.
Monday, April 17th, 2023.
The downward slide witnessed last Friday continued today, as all indices lost ground, and NSE's market capitalization fell worryingly to KES1.71 Trillion. Indeed, this was the fifth day on which all indices closed in the negative. However, CBshare's ranking ticked up to the third position, as we see in the ranking below. Its price closed at KES1,725.65 (or US$12.81, at today's forex rate of KES134.68 per US$). NSE20 Index, on the other hand, retained its top ranking for the third trading day, while NASI fell from second to fourth:
1. NSE 20 Index: -0.35%
2. NSE 25 Index: -0.55%
3. CBshare price (25 counters): -0.82%*
4. NASI (NSE All-Share Index): -1.63%.
Unashig's market capitalization also dropped (-0.82%) from Friday's level, to close at a recent low of KES5,968,353.50 (or US$44,315.07, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare fell further, to -9.02%, at today's close. Unashig's market capitalization continued to shrink as well (closing at -6.98%), YTD. The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole dipped further to -13.64%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization has now shrunk by 20.59%. NSE's new market valuation of KES1.71 Trillion also represents a new low (at -33.46%) during the indicated period.
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, April 11th to April 14th 2023 "
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