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, August 11th, 2023.
As we saw on Thursday, only one metric closed in the positive range today as well, but it wasn't NSE 20 Index. Instead, it was CBshare (+0.07%) -- which jumped back from third place to first -- 'marginal' as the gain seems. Its price closed just a little higher, to KES1,781.44 (or US$12.41, at the static forex rate of KES143.60 per US$). Here's today's performance ranking, incorporating some corrections:
1. CBshare price (25 counters): +0.07%*
2. NSE 20 Index: -0.03% [Updated]
3. NASI (NSE All-Share Index): -0.32% [Updated]
4. NSE 25 Index: -0.33%% [Updated].
[NOTE: As of August 3rd, 2023, and going back many months, a total of 56 active counters could be tracked on NSE's electronic Trading Floor-cum-Platform. In updating the count, Unashig excluded the following seven counters due to their lack of detectable, or regular, activity on the platform: Homeboyz, Uchumi, KPLC (two Preference Share categories), Kurwitu, Kenya Airways, and Mumias Sugar Company. Some of them are officially suspended].
*** KES1,781.44 (US$12.41) is CBshare's new trading price. It will hold until 5:00 PM, Monday, August 14th, 2023. As is the practice at the Nairobi Securities Exchange (NSE), 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 Shareholders are reminded that we only need to purchase another 42 CA and/or CBshares in total in order to own 50% of Unashig's authorized shares. It is expected that this target will be hit by mid-September this year, as Members arrange to renew their annual health insurance.
Unashig's market capitalization also recorded a marginal gain (+0.07%), to close at KES6,168,436.50 (or US$42,955.69, at today's forex rate).
YTD (Year-To-Date), CBshare's loss level has eased somewhat, from -6.15% to -6.08%. The contraction in Unashig's market capitalization has also eased, from -3.93% to -3.86%, YTD. On the other hand, market capitalization at the Nairobi Securities Exchange, as a whole, has shrunk from -17.68% to -18.18%, YTD).
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we see a slight improvement in the company's market capitalization today (-17.93%), compared to yesterday (-17.98%). Likewise, market capitalization at the NSE as a whole has slackened, from -36.58% yesterday to -36.96% today. NSE's valuation, it so happens, declined to KES1.62 trillion today.
Thursday, August 10th, 2023.
Only one indicator, NSE 20 Index (+0.36%), rose today -- which helped it retain its lead up the performance ladder. In second place, despite closing in the negative, was NSE 25 Index (-0.41%). CBshare (-0.45%) rose from fourth place to third -- despite losing some value. Its price closed lower, at KES1,780.22 (or US$12.40, due to a further 0.07% drop in the forex rate to KES143.60 per US$):
1. NSE 20 Index: +0.36%
2. NSE 25 Index: -0.41%
3. CBshare price (25 counters): -0.45%*
4. NASI (NSE All-Share Index): -0.61%.
[NOTE: As of August 3rd, 2023, and going back many months, a total of 56 active counters could be tracked on NSE's electronic Trading Floor-cum-Platform. In updating the count, Unashig excluded the following seven counters due to their lack of detectable, or regular, activity on the platform: Homeboyz, Uchumi, KPLC (two Preference Share categories), Kurwitu, Kenya Airways, and Mumias Sugar Company. Some of them are officially suspended].
Unashig's market capitalization also dipped (-0.45%), to close at KES6,164,221.50 (or US$42,926.33, at today's forex rate).
YTD (Year-To-Date), CBshare's loss level deepened, from -5.72% to -6.15%. The contraction in Unashig's market capitalization has worsened (to -3.93%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, shrank (to -17.68%), YTD).
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we see a weakening in the company's market capitalization today (-17.98%), compared to yesterday (-17.61%). Likewise, market capitalization at the NSE as a whole worsened from -36.19% to -36.58% today. NSE's valuation declined to KES1.63 trillion at today's close.
Wednesday, August 9th, 2023.
All four indicators recorded gains today, with NSE20 Index (+0.65%) jumping from second place to first -- followed by NASI (+0.13%), which rose from fourth place to second. CBshare (+0.04%) dropped to fourth place, after two days at the top. Its price closed very narrowly higher, nonetheless, to KES 1788.30 (or US$12.46, at a forex rate that weakened further to KES143.50 per US$):
1. NSE 20 Index: +0.65%
2. NASI (NSE All-Share Index): +0.13%
3. NSE 25 Index: +0.10%
4. CBshare price (25 counters): +0.05%*.
Unashig's market capitalization also rose by 0.04%, to close at KES6,192,198.00 (or US$43,151.21, at today's even weaker forex rate).
YTD (Year-To-Date), CBshare has reduced its loss level a little further, from -5.76% to -5.72%. The contraction in Unashig's market capitalization has also eased (to -3.49%, YTD). Market capitalization at the Nairobi Securities Exchange, as a whole, was unchanged today (at -17.17%, YTD).
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we see a little more improvement in Unashig's market capitalization today (-17.61%), compared to yesterday's level (-17.65%). On the other hand, market capitalization at the NSE as a whole remained unchanged at -36.19%. NSE's valuation was unchanged as well today, at KES1.64 trillion.
Tuesday, August 8th, 2023.
Depite posting a much smaller gain today, CBshare (+0.05%) maintained the top ranking that it scored yesterday. It was, indeed, the only metric with a positive result today, as we see below. Its price closed marginally higher, as well, at KES 1787.50 (or US$12.47, at a forex rate that weakened a further 0.10% overnight to KES143.35 per US$):
1. CBshare price (25 counters): +0.05%*
2. NSE 20 Index: -0.98%
3. NSE 25 Index: -1.07%
4. NASI (NSE All-Share Index): -1.17%.
Unashig's market capitalization also rose by 0.05%, to close at KES6,189,413.00 (or US$43,176.93, at today's weaker forex rate).
YTD (Year-To-Date), CBshare has reduced its loss level a little more, from -5.82% to -5.76%. The contraction in Unashig's market capitalization has also eased (to -3.54%, YTD). Market capitalization at the Nairobi Securities Exchange, as a whole, worsened today (to -17.17%, YTD).
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we see minimal improvement in Unashig's market capitalization today (-17.65%), compared to yesterday's level (-17.69%). On the other hand, market capitalization at the NSE as a whole declined further, to -36.19% -- that is, compared to the -35.41% level recorded on Monday. NSE's valuation closed lower today as well, to KES1.64 trillion.
Monday, August 7th, 2023.
The new week's results started with all but one of four indices showing some gains. NSE 20 Index (-0.01%), which topped the chart on two days last week, dropped a notch to second place; while NSE 25 Index (-0.09%) closed in second place. CBshare (+0.51%) returned to first place, after more than two weeks' absence from that spot. On a day when foreign investors were net buyers at the bourse, it closed at KES 1786.53 (or US$12.58, at a forex rate down 0.67% overnight to KES143.20 per US$):
1. CBshare price (25 counters): +0.51%*
2. NSE 20 Index: -0.01%
3. NASI (NSE All-Share Index): -0.02%
4. NSE 25 Index: -0.09%.
Unashig's market capitalization rose by 0.38% as well, to close at KES6,186,069.50 (or US$43,198.81, at today's weaker forex rate).
YTD (Year-To-Date), CBshare has reduced its loss level to -5.82%. The contraction in Unashig's market capitalization has also eased (to -3.59%, YTD). Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged at today's close (at -16.16%, YTD).
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we note marginal improvement in Unashig's market capitalization today (-17.69%), compared to Friday's level (-18.11%). On the other hand, market capitalization at the NSE as a whole remained stuck at -35.41% -- that is, the same level at which we closed last Friday. NSE's valuation closed unchanged this Monday, as well, at KES1.66 trillion.
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, July 31st to August 4th 2023"
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