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 23rd, 2023.
Today marks the third day in a row of positive results all across the four indices in our sights. NSE 20 Index jumped from fourth on Thursday to first (+0.58%) at Friday's closing bell. NASI, meanwhile, dropped from first to fourth (+0.32%). CBshare, on the other hand, maintained its second placing -- despite a lower gain for the day (+0.46%). Its market price closed at a touch higher -- KES1,724.25 (or US$12.28, at a fractionally reprieved forex rate of KES140.38 per US$). Here's how the metrics ranked:
1. NSE 20 Index: +0.58%
2. CBshare price (25 counters): +0.46%*
3. NSE 25 Index: +0.42%
4. NASI (NSE All-Share Index): +0.32%.
*** KES1,724.25 (US$12.28) is CBshare's new trading price. This will hold until 5:00 PM, Monday, June 26th, 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 closed 0.45% higher (rounding being what it is), at KES5,968,695.00 (or US$42,518.13, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved to -9.10% (from yesterday's level of -9.51%). Unashig's market capitalization also appreciated to -6.98% (from -7.40% yesterday), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged, YTD, closing at -15.66%. In local currency terms, it closed at KES1.67 trillion yet again.
Looking farther back to end-of-year 2021, Unashig's market capitalization improved (-20.58%) compared to the previous trading day's level. Market capitalization at the NSE as a whole remained unchanged (-35.02%) -- at KES1.67 trillion.
Thursday, June 22nd, 2023.
All four metrics closed on a positive note. NASI maintained the lead (+1.53%) today -- for the fourth consecutive day. CBshare (+1.08%), on the other hand, moved from third to second place, its market price closing somewhat higher -- at KES1,716.44 (or US$12.23, at a deteriorating forex rate lately at KES140.40 per US$):
1. NASI (NSE All-Share Index): +1.53%
2. CBshare price (25 counters): +1.08%*
3. NSE 25 Index: +0.55%
4. NSE 20 Index: +0.38%.
*** KES1,716.44 (US$12.23) is CBshare's new trading price. This will hold until 5:00 PM, Friday, June 23rd, 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 1.08% higher, at KES5,941,662.50 (or US$42,319.53, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved to -9.51%. Unashig's market capitalization also appreciated (to -7.40%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, likewise expanded, YTD, closing at -15.66%, as opposed to yesterday's level of -17.17%. In local currency terms, it closed this Thursday at KES1.67 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization recovered a little more today -- closing at -20.94% -- compared to the previous trading day's level (-21.79%). Market capitalization at the NSE as a whole 'improved' as well, to -35.02% -- in contrast with yesterday's closing level (-36.19%). The road back to a new growth regime -- past the 'recovery' phase -- is clearly long and winding.
Wednesday, June 21st, 2023.
NASI topped the list (+1.50%) for the third day in a row, while CBshare (+0.70%), overtaken by NSE 25 Index (+0.91%, fell to the third position. CBshare's market price nevertheless closed marginally higher at KES1,698.13 (or US$12.10, at weaker forex rate of KES140.30 per US$):
1. NASI (NSE All-Share Index): +1.50%
2. NSE 25 Index: +0.91%
3. CBshare price (25 counters): +0.70%*
4. NSE 20 Index: +0.57%.
Unashig's market capitalization also closed 0.70% higher, at KES5,878,274.00 (or US$41,897.89, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved to -10.48%. Unashig's market capitalization also appreciated (to -8.38%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, likewise expanded, YTD, closing at -17.17%, as opposed to yesterday's level of -18.18%. In local currency terms, it closed at KES1.64 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization made some gain today -- closing at -21.79% -- compared to the previous trading day's level (-22.33%). Market capitalization at the NSE as a whole 'improved' to -36.19% -- in contrast with yesterday's closing level (-36.96%).
Tuesday, June 20th, 2023.
NASI topped the list (+0.33%) for the second day, while CBshare (+0.03%) jumped to the second position, closing marginally higher at KES1,686.35 (or US$12.03, at a lower forex rate of KES140.20 per US$):
1. NASI (NSE All-Share Index): +0.33%
2. CBshare price (25 counters): +0.03%*
3. NSE 25 Index: -0.21%
4. NSE 20 Index: -0.24%.
Unashig's market capitalization also closed 0.03% higher, at KES5,837,501.50 (or US$41,636.96, at the indicated forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare closed at -11.10%, which was an improvement over Monday's close. Unashig's market capitalization also appreciated (to -9.02%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, likewise expanded, YTD, closing at -18.18%, as opposed to yesterday's level of -18.69%.
Looking farther back to end-of-year 2021, Unashig's market capitalization made some gain today -- closing at -22.33% -- compared to the previous trading day's level (-22.36%). Market capitalization at the NSE as a whole 'improved' to -36.96% -- in comparison to yesterday's closing level (-37.35%).
Monday, June 19th, 2023.
There was a considerable re-mix, at today's close, of the performance ranking of our usual crop of indices, as seen below. NASI, for one, topped the chart (+3.03%). CBshare dropped from first to third. NSE 20 Index shuffled from second to fourth. And NSE 25 Index hopped from fourth to second. The price of a CBshare closed a few shillings higher, at KES1,685.79 (or US$12. 03, at a stationary forex rate of KES140.10 per US$):
1. NASI (NSE All-Share Index): +3.03%
2. NSE 25 Index: +1.42%.
3. CBshare price (25 counters): +0.88%*
4. NSE 20 Index: -0.16%.
Unashig's market capitalization also closed 0.88% higher, at KES5,835,541.00 (or US$41,652.68, at the indicated forex rate). This was the highest spot since last Thursday (June 13th = JUNETEENTH).
On a YTD (Year-To-Date) basis, the price of a CBshare closed at -11.13%, which was an improvement from the level (-11.90%) recorded last Friday. Unashig's market capitalization also appreciated (at -9.05%), YTD, compared to Friday's closing level
(-9.84%). Market capitalization at the Nairobi Securities Exchange, as a whole, also expanded, YTD, closing as it did at -18.69%, as opposed to -20.71% last Friday; thanks in part (and tautologically) to NSE's new valuation of KES1.61 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization made some gain today -- closing at -22.36% -- compared to the previous trading day's level (-23.03%). Market capitalization at the NSE as a whole 'improved' to -37.35% -- in comparison to Friday's closing level (-38.91%).
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 12th to June 16th 2023"
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