Noontime

 Whose legacy? Who 

Will keep it up?  Decay comes

In so many forms. 

[Haiku]

UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ June 5th-9th 2023

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 9th, 2023. 

CBshare's trajectory swung back fairly strongly (+0.65%) to regain the top position in today's rank order. It closed the day at KES1,707.07 (or US$12.25, at a weaker forex rate of KES139.40 per US$). NASI, on the other hand, stayed put in the fourth spot:   

  

1. CBshare price (25 counters): +0.65%*

2. NSE 20 Index: +0.42% 

3. NSE 25 Index: +0.15%

4. NASI (NSE All-Share Index): -0.06%. 

*** KES1,707.07 is the new price at which a CBshare will now sell -- until 5:00 PM, Monday, June 12th, 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 grew somewhat more (+0.68%) than CBshare -- due, partly, to the purchase of a small lot of stocks -- to close the day at KES5,905,779.50 (or US$42,365.71, at the indicated forex rate).  

On a YTD (Year-To-Date) basis, the price of a CBshare improved further (-10.00%). Unashig's market capitalization likewise made a gain, even though it still closed in the negative (-7.96%), YTD. However, reflecting the day's static valuation of KES1.65 trillion, market capitalization at the Nairobi Securities Exchange, as a whole,  closed unchanged at -16.67%, YTD.   

Looking farther back to end-of-year 2021, Unashig's market capitalization posted a marginal gain (-21.42%) at the close, compared to yesterday's 21.95% dip. On the other hand, market capitalization at the NSE as a whole remained unchanged today (-35.80%). 

Thursday, June 8th, 2023.

All four indices tracked here closed the day in negative territory, though one (CBshare) improved despite being in the 'dungeon' by rising from a deeper low of -0.57% on Wednesday to a shallower level of -0.11% at Thursday's close. CBshare's price closed today at KES1,696.09 (or US$12.18, at a lower forex rate of KES139.25 per US$). Its ranking improved from the fourth position yesterday to the second. More remarkable, however, is that NSE 20 Index retained its top ranking for the second day in a row -- for posting the lowest loss for the day -- as can be inferred from the ranking shown below:   

  

1. NSE 20 Index: -0.10%

2. CBshare price (25 counters): -0.11%* 

3. NSE 25 Index: -0.35%

4. NASI (NSE All-Share Index): -0.50%. 

Unashig's market capitalization also contracted by 0.11%, to close the day at KES5,866,127.00 (or US$42,126.59 at the indicated forex rate).  

On a YTD (Year-To-Date) basis, the price of a CBshare fell further (-10.58%). Unashig's market capitalization also displayed a continued dip ( -8.57%), YTD. However, reflecting the day's weaker valuation of KES1.65 trillion, market capitalization at the Nairobi Securities Exchange, as a whole, weakened, YTD, to -16.67%.  

Looking farther back to end-of-year 2021, Unashig's market capitalization closed a little lower today, at -21.95%. By the same token, market capitalization at the NSE as a whole closed somewhat lower, at -35.80%. 

Wednesday, June 7th, 2023. 

Only NSE 20 Index made some gains (0.35%) today. CBshare's price dipped by 0.57%, closing at KES1,697.91 (or US$12.20, at a disappointing forex rate of KES139.15 per US$). Its ranking dropped from the third position to the fourth. On the other hand, NSE 20 Index rallied from fourth-ranked to first, as we see below:  

  

1. NSE 20 Index: +0.35%

2. NSE 25 Index: -0.04%

3. NASI (NSE All-Share Index): -0.08% 

4. CBshare price (25 counters): -0.57%*. 

Unashig's market capitalization also contracted by 0.57%, to close the day at KES5,872,415.00 (or US$42,202.05 at the indicated forex rate).  

On a YTD (Year-To-Date) basis, the price of a CBshare fell further (-10.49%). Unashig's market capitalization also displayed a continued dip ( -8.48%), YTD. However, reflecting the day's unchanged valuation of KES1.66 trillion, market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged, YTD, at -16.16%.  

Looking farther back to end-of-year 2021, Unashig's market capitalization closed lower today, at -21.87%. On the other hand, market capitalization at the NSE as a whole closed unchanged during the longer period, at -35.41% (reflecting the unchanged valuation). 

READ: Central Bank Allows Interest-Free Lipa na M-Pesa Loan Plan

Tuesday, June 6th, 2023.

Two indices maintained an upward drift, while two (including Unashig's CBshare) made some losses, as shown in the ranking below. CBshare fell by -0.01% to close at KES1,707.70 (or US$12.29, at a new forex rate of KES138.90 per US$). Its ranking stayed put at number three, nevertheless; while NASI advanced in one leap from fourth to first:  

  

1. NASI (NSE All-Share Index): +0.40% 

2. NSE 25 Index: +0.22%

3. CBshare price (25 counters): -0.01%* 

4. NSE 20 Index: -0.19%.

Unashig's market capitalization also dipped marginally, by 0.01%, to close the day at KES5,906,269.00 (or US$42,521.74 at today's forex rate).  

On a YTD (Year-To-Date) basis, then, the price of a CBshare dropped, quite marginally, by 9.97%. Unashig's market capitalization also closed lower (at -7.95%), YTD. On the other hand, market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged, YTD, at  -16.16%, reflecting the day's unchanged valuation of KES1.66 trillion.    

Looking farther back to end-of-year 2021, Unashig's market capitalization closed unchanged at -21.41%. Market capitalization at the NSE as a whole also closed unchanged today, at -35.41% (or KES1.66 trillion). 

ALSO READ: Kenya: On the Pros and Cons of a Central Bank Digital Currency (CBDC)

Monday, June 5th, 2023. 

The upward trend, which started two Fridays ago, continued with no let-up today, and, indeed, with palpable robustness all around. Still, it's far from clear how firm the ground is becoming, or already is, for any metric -- or some, or all, of them. Today's gains ranged from 0.94% to 1.91%, on top of Thursday's and Friday's positive numbers.

Unashig's CBshare price made a 1.07% gain, to close at KES1,707.82 (or US$12.30, at a forex rate unchanged at KES138.80 per US$). Its ranking improved to third, as we see below:  

  

1. NSE 20 Index: +1.91% 

2. NSE 25 Index: +1.47%

3. CBshare price (25 counters): +1.07%*

4. NASI (NSE All-Share Index): +0.94%.

Unashig's market capitalization also recorded a further 1.07% gain, to close today at KES5,906,685.00 (or US$42,555.37 at today's forex rate).  

On a YTD (Year-To-Date) basis, the price of a CBshare dropped by 9.96%, but this was an improvement over Friday's performance of  -10.92%. Unashig's market capitalization closed lower (at -7.94%), YTD -- which was also an improvement compared to the loss level of -8.92% on Friday. Likewise, market capitalization at the Nairobi Securities Exchange, as a whole improved, YTD (to -16.16%, against the backdrop of a -17.17% decline on Friday).   

Looking farther back to end-of-year 2021, Unashig's market capitalization closed at -21.41%. Market capitalization at the NSE as a whole also improved, closing at -35.41% (or KES1.66 trillion) today. 

READ: Kenya's economic growth slowed to 4.8pc in 2022

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, May 29th to June 2nd 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.