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, May 12th, 2023.
All indices continued to fall -- for the fourth consecutive day; and, despite their varied performance, maintained the same positions in their ranking for the second day. The price of a CBshare closed 2.96% lower, at KES1,566.74 (or US$11.44, at a weaker forex rate of KES137.00 per US$):
1. NSE 20 Index: -1.72%
2. CBshare price (25 counters): -2.96%*
3. NSE 25 Index: -3.55%
4. NASI (NSE All-Share Index): -4.84%.
*** KES1,566.74 is the new price at which a CBshare will sell -- until 5:00 PM, Monday, May 15th, 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 shrank (-2.96%), to close at KES5,418,731.00 (or US$39,552.78, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare declined further (to -17.40%). Unashig's market capitalization also dropped (-15.55%). Market capitalization at the Nairobi Securities Exchange, as a whole, dropped steeply to KES1.46 trillion, representing a -26.26% contraction, YTD. In their various ways, the indices reflect this overall contraction in NSE's valuation.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed this Friday with an even larger loss (-27.90%). In comparison, today's market capitalization at the NSE as a whole translates to a 43.19% cumulative loss over the indicated period of roughly 17 months.
Thursday, May 11th, 2023.
As the lists below show, our four indices continued on a downward slide for the third day -- mirroring the continuing weakening of NSE as a whole. NSE 20 Index jumped from second to first in today's performance ranking, while CBshare fell back to the second position. The price of a CBshare closed at KES1,614.53 (or US$11.79, at a weaker forex rate of KES136.90 per US$):
1. NSE 20 Index: -0.65%
2. CBshare price (25 counters): -1.76%*
3. NSE 25 Index: -1.79%
4. NASI (NSE All-Share Index): -2.16%.
Unashig's market capitalization also shrank (-1.76%), to close at KES5,584,029.00 (or US$40,789.11, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed even lower (at -14.88%). Unashig's market capitalization also fell (-12.97%). Market capitalization at the Nairobi Securities Exchange dropped to KES1.54 trillion, representing a -22.22% contraction, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed with an even larger loss (-25.70%) today. Market capitalization at the NSE as a whole (KES1.54 trillion) also reflected a further drop (-40.08%).
Wednesday, May 10th, 2023.
All metrics fell for the second day in a row, as we see below. Nevertheless, CBshare retained the top position that it secured yesterday, while NSE 20 Index remained in second position. The price of a CBshare closed at KES1,643.40 (or US$12.02, at the forex rate of KES136.75 per US$):
1. CBshare price (25 counters): -0.98%*
2. NSE 20 Index: -1.09%
3. NASI (NSE All-Share Index): -1.55%
4. NSE 25 Index: -1.75%.
Unashig's market capitalization also shrank (-0.98%), to close at KES5,683,880.50 (or US$41,564.03, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed even lower (at -13.36%). Unashig's market capitalization also fell, but somewhat less so, over the same period (-11.41%). Market capitalization at the Nairobi Securities Exchange dropped to KES1.57 trillion, representing a -20.71% contraction, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed today with a somewhat larger loss as well (-24.37%). Today's market capitalization at the NSE as a whole (KES1.57 trillion) also represented a further drop (-38.91%).
Tuesday, May 9th 2023.
Unlike Monday's results, Tuesday's numbers were negative across all indices, as we see below. The price of a CBshare closed with a 0.44% loss, at KES1,659.62 (or US$12.16, at the weaker forex rate of KES136.50 per US$):
1. CBshare price (25 counters): -0.44%*
2. NSE 20 Index: -0.62%
3. NSE 25 Index: -1.38%
4. NASI (NSE All-Share Index): -1.46%.
Unashig's market capitalization also shrank (-0.44%), to close at KES5,739,979.00 (or US$42,051.13, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed lower ( -12.51%). Unashig's market capitalization also fell over the same period (-10.54%). The market capitalization of Nairobi Securities Exchange contracted to KES1.59 trillion ( -19.70%), YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed today with a further dip (-23.63%). In contrast, NSE's market capitalization (KES1.59 tr) closed with a wider margin of loss (-38.13%).
Monday, May 8th 2023.
Compared to last Friday's results, all but one metric closed this Monday in positive territory. The price of a CBshare closed very marginally higher (0.01% ), at KES1,666.95 (or US$12.21, at the forex rate of KES136.50 per US$). Here's how the indices ranked:
1. NASI (NSE All-Share Index): +0.53%
2. NSE 25 Index: +0.29%
3. CBshare price (25 counters): +0.01%*
4. NSE 20 Index: -0.03%.
Unashig's market capitalization also recorded a minor gain (+0.01%), to close at KES5,765,342.50 (or US$42,236.94, at today's forex rate). NSE's market capitalization closed at KES 1.62 trillion.
On a YTD (Year-To-Date) basis, the price of a CBshare closed very slightly higher than last Friday (-12.12%). Unashig's market capitalization also closed marginally higher (while still in the negative) over the same period (-10.14%). The market capitalization of Nairobi Securities Exchange pared some of its loss (to -18.18%), YTD; having improved over the weekend to KES1.62 trillion, YTD.
Looking farther back to end-of-year 2021, one sees that Unashig's market capitalization closed this Monday with a slightly reduced (-23.29%). Market capitalization at the NSE as a whole also got some reprieve, closing 'higher' today (at -36.96%).
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.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: " UNASHIG's Share Price and....Capitalization, May 2nd to May 5th 2023"
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