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 30th, 2023.
CBshare retained its top ranking today, with a 0.55% performance. It closed at KES1,752.52 (or US$12.46, at a forex rate of KES140.60 per US$). NSE 20 Index moved from fourth to second:
1. CBshare price (25 counters): +0.55%*
2. NSE 20 Index: +0.22%
3. NASI (NSE All-Share Index): -0.16%
4. NSE 25 Index: -0.34%.
*** KES1,752.52 (US$12.46) is CBshare's new trading price. This will hold until 5:00 PM, Monday, July 3rd, 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 0.55% higher as well, at KES6,068,279.50 (or US$43,159.88, at the indicated forex rate). This is the highest valuation since April 13th, 2023 -- when it closed at KES 6,058,829.00 (or US$45,080.57, at the then prevailing forex rate of KES134.40 per US$).
On a YTD (Year-To-Date) basis, the price of a CBshare improved further, paring its loss level to -7.61% -- compared to -8.11% on Thursday. Unashig's market capitalization showed some gain as well (at -5.42%), YTD, compared to yesterday's level (-5.94%). Market capitalization at the Nairobi Securities Exchange, as a whole, was unchanged, YTD, closing once again at -15.66%.
Looking farther back to end-of-year 2021, Unashig's market capitalization was further improved (-19.26%) compared to the previous trading day's level (-19.70%). However, the overall level of Market capitalization contraction at the NSE as a whole remained unchanged (-35.02%), for the sixth trading day in a row.
Thursday, June 29th, 2023.
CBshare once again displayed a noteworthy feat today (+1.07%), jumping from third to first in the index ranking. It closed at KES1,742.94 (or US$12.40, at a forex rate of KES140.55 per US$). NSE 25 Index dropped from first place to second:
1. CBshare price (25 counters): +1.07%*
2. NSE 25 Index: +0.10%
3. NASI (NSE All-Share Index): -0.02%
4. NSE 20 Index: -0.35%.
Unashig's market capitalization closed 1.07% higher today as well, at KES6,035,107 (or US$42,939.22, at the new, and eroded, forex rate). This is the highest valuation since April 14th, 2023 -- when it closed at KES 6,017,888.50 (or US$44,775.96, at the then prevailing forex rate of KES134.40 per US$).
On a YTD (Year-To-Date) basis, the price of a CBshare showed some appreciation, with a -8.11% loss -- compared to -9.09% on Tuesday. Unashig's market capitalization showed some gain as well (-5.94%), YTD, compared to yesterday's (-6.94%). Market capitalization at the Nairobi Securities Exchange, as a whole, was unchanged, YTD, closing as it did at -15.66%.
Looking farther back to end-of-year 2021, however, Unashig's market capitalization was further improved (-19.70%) compared to the previous trading day's level (-20.55%). However, the ongoing Market capitalization contraction at the NSE as a whole was unchanged (at -35.02%).
Wednesday, June 28th, 2023.
The bourse remains
Closed this Wednesday.
It's Eid al-Adha Day.
Tuesday, June 27th, 2023.
A shuffling of positions saw NSE 25 Index leap (+0.06%) from third place last Friday to first today, as we see below. CBshare displayed just enough lift (+0.01%) to protect the second placing that it has held since last Tuesday -- closing as it did at KES1,724.40 (or US$12.27, at a forex rate of KES140.50 per US$):
1. NSE 25 Index: +0.63%
2. NSE 20 Index: +0.04%
3. CBshare price (25 counters): +0.01%*
4. NASI (NSE All-Share Index): -0.02%.
Unashig's market capitalization closed 0.03% higher -- there goes that quirk again, thanks here to the purchase of small bundles of shares in two counters -- at KES5,969,201.00 (or US$42,485.42, at the new forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare was unchanged (-9.09%) compared to yesterday's close. Unashig's market capitalization showed a minor gain (-6.94%), YTD, compared to yesterday's (-6.97%). Market capitalization at the Nairobi Securities Exchange, as a whole, was unchanged, YTD, as well. It closed at -15.66%.
Looking farther back to end-of-year 2021, however, Unashig's market capitalization was slightly improved (-20.55%) compared to the previous trading day's level (-20.58%). Market capitalization at the NSE as a whole was also unchanged (-35.02%).
Monday, June 26th, 2023.
NSE 25 Index gained enough (+0.63%) to maintain the first position that it held yesterday. NSE 20 Index rose from fourth place yesterday (-0.39%) to second today (+0.04%). CBshare made the same gain today (+0.01%) as it did yesterday, but still ended up in third place. It closed at KES1,724.50 (or US$12.28, at a barely improved forex rate of KES140.45 per US$):
1. NSE 25 Index: +0.06%
2. CBshare price (25 counters): +0.01%*
3. NASI (NSE All-Share Index): -0.03%
4. NSE 20 Index: -0.39%.
Unashig's market capitalization also closed 0.01% higher, at KES5,969,201.00 (or US$42,485.42, at the new forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare displayed a paper-thin recovery (-9.09%) compared to last Friday's level of -9.10%). Unashig's market capitalization also appreciated, however barely (-6.97%), YTD, compared to Friday's mark (-6.98%). Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged, YTD, closing as it did at -15.66%. In local currency terms, it closed once again at KES1.67 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization was unchanged (-20.58%) compared to the previous trading day's level. Market capitalization at the NSE as a whole also remained unchanged (-35.02%).
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 19th to June 23rd 2023"
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