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 16th, 2023.
Despite several up and down performances, CBshare closed the week just as it had started -- in the first position. Indeed, it topped the list three days out of five -- and was in the second position on two other days. It closed today's session a little higher, at KES1,671.10 (or US$11.93, at a horrible forex rate of KES140.10 per US$). NASI and NSE 20 Index tied for second:
1. CBshare price (25 counters): +0.19%*
2. NASI (NSE All-Share Index): -0.01%
2. NSE 20 Index: -0.01%
4. NSE 25 Index: -0.16%.
*** KES1,671.109 (US$11.93) is CBshare's new trading price. This will hold until 5:00 PM, Monday, June 19th, 2023. As is the practice at the Nairobi 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 closed 0.19% higher, at KES5,784,700.00 (or US$41,289.79, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed at -11.90%, compared to -12.07% the day before. Unashig's market capitalization also gained, closing at-9.84%, YTD ( compared to yesterday's -10.01%). Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged, YTD, at -20.71%. NSE's KES valuation held steady today, at KES1.57 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization made some gain today -- closing as it did at -23.03% -- compared to the previous trading day's level (-23.18%). Market capitalization at the NSE as a whole was unchanged, however, at -38.91%.
Thursday, June 15th, 2023.
The downward slide continued for the third consecutive day, for all metrics -- amidst a shuffling of performance ranks. CBshare bounced back to the top position, as we see below, despite dropping further (-0.90%) in value. It closed the trading day at KES1,667.99 (or US$11.92, at the forex rate of KES139.90 per US$). NASI flipped back noticeably, from the fourth position to the second:
1. CBshare price (25 counters): -0.90%*
2. NASI (NSE All-Share Index): -0.97%
3. NSE 25 Index: -1.00%
4. NSE 20 Index: -1.01%.
Unashig's market capitalization also ended the day at the same slope (-0.90%), to close at KES5,773,917.00 (or US$41,271.74, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare dropped to -12.07%, compared to -11.26% the day before). Unashig's market capitalization also weakened, YTD (-10.01%, compared to -9.19% yesterday). Market capitalization at the Nairobi Securities Exchange, as a whole, closed lower as well, YTD, (-20.71%, compared to -20.20% yesterday). NSE's valuation contracted to KES1.58 trillion today.
Looking farther back to end-of-year 2021, Unashig's market capitalization fell a little further today (-23.18%), compared to the previous trading day's level (-22.48%). Market capitalization at the NSE as a whole also contracted further (-38.91%, compared to yesterday's -38.52%).
Wednesday, June 14th, 2023.
All four indices experienced a downdraft for the second day in a row, as shown below. However, each metric significantly narrowed its loss margin, compared to Monday's results. It is further noteworthy that each metric retained the same performance ranking as we observed yesterday. This doesn't happen too often -- or even often enough. CBshare, in particular, dropped by -0.24%, to close at KES1,683.17 (or US$12.05, at the forex rate of KES139.70 per US$):
1. NSE 20 Index: -0.00%
2. CBshare price (25 counters): -0.24%*
3. NSE 25 Index: -0.29%
4. NASI (NSE All-Share Index): -0.33%.
Unashig's market capitalization also trended lower, at the same rate (-0.24%), to close at KES5,826,492.00 (or US$41,707.17, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare fell by 11.26%. Unashig's market capitalization also weakened, YTD (-9.19%, compared to -8.97% yesterday). Market capitalization at the Nairobi Securities Exchange, as a whole, also closed lower, YTD (-20.20%), compared to -19.70% yesterday. NSE's valuation contracted to KES1.58 trillion today.
Looking farther back to end-of-year 2021, Unashig's market capitalization fell a little further (to -22.48%), compared to the previous trading day's level (-22.29% ). Market capitalization at the NSE as a whole also recorded additional contraction, closing at -38.52% (compared to yesterday's level of -38.13%).
Tuesday, June 13th, 2023.
All four indices declined at today's close, as we see below. NSE 20 Index led the pack, despite slipping by 0.46%. CBshare dropped by 1.21% to rank second, to close at KES1,687.27 (or US$12.08, at the forex rate of KES139.65 per US$):
1. NSE 20 Index: -0.46%
2. CBshare price (25 counters): -1.21%*
3. NSE 25 Index: -1.41%
4. NASI (NSE All-Share Index): -2.06%.
Unashig's market capitalization also trended lower (-1.21%), to close at KES5,840,676.50 (or US$41,823.68, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare fell by 11.05%. Unashig's market capitalization also weakened (-8.97%, compared to -7.85% yesterday), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, also closed lower, YTD, (at -19.70%).
Looking farther back to end-of-year 2021, Unashig's market capitalization fell further (to -22.29%), compared to the previous trading day's level (-21.33% ). Market capitalization at the NSE as a whole also recorded additional contraction, closing at -38.13% (compared to Monday's level of -36.96%).
Monday, June 12th, 2023.
This first trading day of the week closed with CBshare still on top of the pecking order. It turns out, indeed, that it is the only metric that closed with a 'tangible' gain today (+0.05%). This was partly spurred, perhaps, by a minor shuffling of Unashig's holdings in 25 counters. A small amount of fresh cash was also injected into the fray, and likely had some impact. CBshare closed at KES1,708.01 (or US$12.25, at the forex rate of KES139.45 per US$). As it turned out, each index got stuck in the performance ranking that it held at the close of Friday trading, as we see below:
1. CBshare price (25 counters): +0.06%*
2. NSE 20 Index: -0.36%
3. NSE 25 Index: -1.00%
4. NASI (NSE All-Share Index): -1.91%.
Unashig's market capitalization edged up 0.11%, to close at KES5,912,499.50 (or US$42,398.35, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved further, paring its losses to -9.96%. Unashig's market capitalization likewise recorded some gain, even though it still closed in the negative (-7.85%), YTD. Reflecting to a degree the day's reduced valuation of KES1.62 trillion, market capitalization at the Nairobi Securities Exchange, as a whole, likewise fell; to a -18.18% level, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization now stands at -21.33%, compared to the previous trading day's -21.42% dip. On the other hand, market capitalization at the NSE as a whole closed 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, June 5th to June 9th 2023"
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