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 18th, 2023.
All four indices closed this Friday, and the week, in the negative. Two, NASI (-0.84%) and CBshare (-0.84%), were tied at the top of the ladder for the day, regardless. NSE 25 Index dropped from second place to fourth. CBshare closed at KES1,706.52 (or US$11.83, at a stalled forex rate of KES144.20 per US$). Here's how each index ranked:
1. NASI: -0.84%
1. CBshare price (25 counters): -0.84%*
3. NSE 20 Index: -0.92%
4. NSE 25 Index: -0.99%.
[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].
*** KES1,706.57 (US$11.83) is CBshare's new trading price. It will hold until 5:00 PM, Monday, August 21st, 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 declined (-0.84%), to close at KES5,909,010.20 (or US$40,977.88, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare, shown above, has lost 10.03% of its value; while Unashig's market capitalization is now 7.91% lower than it was at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, is also down (-20.20%), YTD. Its total value today was down to KES 1.58 trillion.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- the company's market capitalization weakened (to -21.38%). Market capitalization at the NSE as a whole also declined further (-38.52%).
Thursday, August 17th, 2023.
Three out of four indices made gains today, with NASI (+2.19%) jumping from fourth to first place. CBshare (+0.29%) remained in third place, at a price of KES1,721.00 (or US$11.93, at a still-falling forex rate of KES144.20 per US$). Here's today's ranking of the four indices:
1. NASI: +2.19%
2. NSE 25 Index: +0.86%
3. CBshare price (25 counters): +0.29%*
4. NSE 20 Index: -0.18%.
Unashig's market capitalization gained 0.30%, to close at KES5,959,152/- (or US$41,325.60, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare, shown above, has lost 9.27% of its value. Unashig's market capitalization is now 7.12% lower than it was at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, is down 19.19%, YTD, despite some gain.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- the company's market capitalization (-20.17%) showed some improvement today, despite the day's negative score. Market capitalization at the NSE as a whole also remained in the negative (-37.74%). NSE's valuation, a key factor in all this, ticked up to KES1.60 trillion today.
Wednesday, August 16th, 2023.
All four indices fell more steeply than we witnessed yesterday, with NSE 20 Index, today's leader (but fourth yesterday), recording a 0.79% loss. At a -2.68% loss, NASI's ranking dropped from first to fourth. The price of a CBshare, down 1.93% today, closed at KES1,715.94 (or US$11.91, at a still-falling forex rate of KES144.05 per US$). Here's today's ranking of the four indices of interest:
1. NSE 20 Index: -0.79%
2. NSE 25 Index: -1.77%.
3. CBshare price (25 counters): -1.93%*
4. NASI: -2.68%.
Unashig's market capitalization also dropped (-1.93%), to close at KES5,941,614/- (or US$41,246.89, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare, shown above, has lost 9.54% of its value. Unashig's market capitalization is now 7.40% lower than it was at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, is down 21.21%, YTD.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we note that the company's market capitalization is 20.94% lower today. Market capitalization at the NSE as a whole closed even lower, by 39.30%. NSE's valuation, a key factor in all this, dropped to KES1.56 trillion today.
Tuesday, August 15th, 2023.
Yesterday's losses carried over to Tuesday, but today's loss margins were comparatively lower. As we see below, moreover, each index retained the same ranking among the rest as it posted at yesterday's close. The price of a CBshare (-0.84%) closed at KES1,749.77 (or US$12.16, at a weaker forex rate of KES143.90 per US$). Here's today's performance hierarchy:
1. NASI (NSE All-Share Index): -0.45%
2. NSE 25 Index: -0.62%
3. CBshare price (25 counters): -0.84%*
4. NSE 20 Index: -0.88%.
Unashig's market capitalization also dropped (-0.84%), to close at KES6,058,759/- (or US$42,103.95, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare, shown above, has lost 7.75% of its value. Unashig's market capitalization is now 5.57% lower than it was at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, is down by 19.19%, YTD.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we see that the company's market capitalization is now 19.39% lower. In contrast, market capitalization at the NSE as a whole has dipped by 37.74% since the base date. That's nearly twice as steep as we see in Unashig's perfomance. NSE's valuation has now dropped to KES1.60 trillion. A more robust and ascendant local bourse (i.e. NSE as a whole) -- and the local currency -- would be an obvious boost to all investors involved.
Monday, August 14th, 2023.
Steeper losses were witnessed across the board today, with the ranking of metrics shifting from a 3, 2, 4, 1 mode last Friday to 1, 4, 2, 3 between last Friday and this Monday. NASI (-0.74%) topped the chart today, despite lackluster performance. CBshare (-0.94%) sank from first to third level. Its price closed at KES1,764.62 (or US$12.27, at a still-falling forex rate of KES143.80 per US$). Here's today's performance hierarchy:
1. NASI (NSE All-Share Index): -0.74%
2. NSE 25 Index: -0.77%
3. CBshare price (25 counters): -0.94%*
4. NSE 20 Index: -1.08%%.
Unashig's market capitalization also dropped (-0.94%), to close at KES6,110,179/- (or US$42,490.81, at today's forex rate).
YTD (Year-To-Date), CBshare's loss level has worsened (-6.97%), according to the latest stats. The contraction in Unashig's market capitalization (-4.77%) has continued as well, by almost one percentage point, YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, has also shrunk, from -18.18% to -18.69%, YTD.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- we see a further weakening of the company's market capitalization today (-18.70%). Likewise, market capitalization at the NSE as a whole has dipped further (-37.35%). NSE's valuation now stands at KES1.61 trillion today.
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, August 7th to August 11th 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.
