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, June 2nd, 2023.
All four metrics closed Friday, and indeed the week, on a positive note -- with gains ranging from a high of +1.36% to a low of +0.10%.
Unashig's CBshare price made a 0.10% gain, to close at KES1,689.77 (or US$12.17, at an even weaker forex rate of KES138.80 per US$). However, its ranking remained stuck in the fourth position, as we see below:
1. NASI (NSE All-Share Index): +1.36%
2. NSE 25 Index: +1.31%
3. NSE 20 Index: +0.63%
4. CBshare price (25 counters): +0.10%*.
*** KES1,689.77 is the new price at which a CBshare will now sell -- until 5:00 PM, Monday, June 5th, 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 recorded a further 0.10% gain, to close Friday at KES5,844,249.50 (or US$42,105.54 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed in the negative (-10.92%), but this was an improvement over Wednesday's performance of -11.01%. Unashig's market capitalization closed at -8.92% -- which was an improvement compared to the loss level of -9.01% on Wednesday. Likewise, market capitalization at the Nairobi Securities Exchange, as a whole, improved, YTD, to -17.17% (from -18.18% on Wednesday), with a new valuation of KES1.64 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization saw some relief, closing this Friday at -22.24%. Market capitalization at the NSE as a whole also saw some relief, closing at -36.19% (or KES1.64 trillion) today.
Thursday, June 1st, 2023.
June 1st is a national holiday in Kenya -- Madaraka Day. The stock market, NSE, remains closed. It will be open for business, as usual, on Friday, June 2nd.
Wednesday, May 31st, 2023.
Wednesday was another day of positive results for all four metrics in our sights, as we see in the figures given below. The daily tabulations we've shared all this year, and even last year, show that it is virtually impossible for an index or a share price to maintain the same percentage rate of growth day after day, or month after month. So fluctuation is the norm, but one is also entitled to expect a trajectory that generally trends upward -- despite occasional or periodic dips, or a "shock" or two now and then. Moreover, exceptions do happen, as we see in NASI's performance yesterday and today (though this did not help it outcompete the others on both days. In the end, what's super-important is to spread one's exposure to fluctuations and risk, generally. Let 'jackpots' present themselves whenever they can! It is for this reason, indeed, that Unashig has invested in a max of 25 counters at the NSE. But the proportions of shares actually held per counter are not even, and are still to be further fine-tuned -- with some counters being shed entirely or added for period-by-period (season-by-season) optimization.
Unashig's CBshare price made a 0.32% gain today, on top of yesterday's 2.16% jump, to close at KES1,688.08 (or US$12.18, at a still-deteriorating forex rate of KES138.60 per US$). However, its ranking fell from the first position both yesterday and Monday, to the fourth today.
Here's today's performance ranking of the indices:
1. NASI (NSE All-Share Index): +1.86%
2. NSE 20 Index: +0.98%
3. NSE 25 Index: +0.93%
4. CBshare price (25 counters): +0.32%*.
Unashig's market capitalization also recorded a 0.32% gain, to close Wednesday at KES5,838,421.00 (or US$42,124.25 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed in the negative (-11.01%), but this was an improvement over Tuesday's performance of -11.29%. Unashig's market capitalization also recorded some gain (-9.01%) compared to the loss level of -9.30% on Tuesday. Likewise, market capitalization at the Nairobi Securities Exchange, as a whole, improved, YTD, to -18.18% (from -19.70% on Tuesday), with a new valuation of KES1.62 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization saw some relief, closing this Wednesday at -22.32%. Market capitalization at the NSE as a whole also saw some relief, closing at -36.96% (or KES1.62 trillion) today.
Tuesday, May 30th, 2023.
All indices closed higher yet again, as the list below shows. Unashig's CBshare
price maintained the top rank for the third day in a row. Its price made a 2.16% gain, on top of yesterday's jump (+2.61%), to close at KES1,682.65 (or US$12.15, at an unchanged forex rate of KES138.45 per US$).
1. CBshare price (25 counters): +2.16%*
2. NSE 25 Index: +1.98%
3. NASI (NSE All-Share Index): +1.87%
4. NSE 20 Index: +1.23%.
Unashig's market capitalization also recorded a 2.16% gain, to close Tuesday at KES5,819,623.50 (or US$42,034.12 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved yet further today, even though it still closed in the negative (-11.29%). Unashig's market capitalization also recorded some gain (-9.30%) compared to the loss level of -11.22% on Monday. Likewise, market capitalization at the Nairobi Securities Exchange, as a whole, improved to -19.70% (from -21.72% on Monday), YTD, with a new valuation of KES1.59 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization saw some relief, closing Tuesday at -22.57%. Market capitalization at the NSE as a whole also saw some relief, closing at -38.13% (or KES1.59 trillion) today.
Monday, May 29th, 2023.
Monday, the first trading day of the new week, closed on a positive note for all four metrics, with Unashig's CBshare price maintaining its pole position for the second day in a row. As we see below, the price of a CBshare surged by a 2.61% margin, to close Monday at KES1,647.02 (or US$11.90, at a forex rate of KES138.45 per US$). This is the highest point it has reached since May 9th, 2023.
1. CBshare price (25 counters): +2.61%*
2. NASI (NSE All-Share Index): +2.04%
3. NSE 25 Index: +1.93%
4. NSE 20 Index: +1.68%.
Unashig's market capitalization also recorded a 2.61% gain, to close at KES5,696,389.50 (or US$41,144.02 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved yet further today, even though it still closed in the negative (-13.17%). Last Friday, incidentally, it closed at -15.38%. Unashig's market capitalization also recorded some minor gain (-11.22%), compared to -13.48% at Friday's close. Market capitalization at the Nairobi Securities Exchange, as a whole, improved from -22.73% to -21.72%, YTD, with a new valuation of KES1.55 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization pared Friday's loss level (-26.14%) to close this Monday at -24.21%. Market capitalization at the NSE as a whole also improved -- from -40.47% last Friday to -39.69% (or KES1.55 trillion) today.
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 22nd to May 26th 2023"
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