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, September 8th, 2023.
All five indices recorded some gains this Friday. NASI (up 0.73%) outperformed all metrics. NSE 10 Index closed third. CBshare (+0.21%) closed in fourth place. It posted a price per share of KES1,653.15 (or US$11.31, at the forex rate of KES146.15 per US$). Here's how all five indices ranked:
1. NASI: +073%
2. NSE 20 Index: +0.31%
3. NSE 10 Index: +0.22%
4. CBshare price (25 counters): +0.21%*
5. NSE 25 Index: +0.18%.
[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].
*** KES1,653.15 (US$11.31) is CBshare's new trading price. It will hold until 5:00 PM, Monday, September 11th, 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 recorded a gain (+0.23%) from yesterday's level, It closed at KES5,732,477 (or US$39,223.24, at today's rate).
YTD (Year-To-Date), the price of a CBshare is a lower (at -12.85%). Unashig's market capitalization is down as well (-10.66%). Market capitalization at the Nairobi Securities Exchange, as a whole, has pared some loss to close at -21.72%, YTD; thanks to a better valuation of KES1.55 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 23.73% today. Market capitalization at the NSE as a whole, is marginally improved (at -39.61%).
Thursday, September 7th, 2023.
All but one metric fell today. Only CBshare posted some gain (+0.20%) at the close. NSE 10 Index declined the most and, as a consequence, fell to fifth place. CBshare (-0.44%) closed the day at fifth. Its price per share closed at KES1,649.76 (or US$11.29, at the forex rate of KES146.15 per US$). Here's how the metrics ranked at the close:
All but one metric fell today. Only CBshare posted some gain (+0.20%) at the close. NSE 10 Index declined the most and, as a consequence, fell to fifth place. CBshare (-0.44%) closed the day at fifth. Its price per share closed at KES1,649.76 (or US$11.29, at the forex rate of KES146.15 per US$). Here's how the metrics ranked at the close:
1. CBshare price (25 counters): +0.20%*
2. NSE 20 Index: -0.33%
3. NSE 25 Index: -0.43%
4. NASI: -0.51%
5. NSE 10 Index: -0.58%.
Unashig's market capitalization rose 0.23% from yesterday's level, to close at KES5,719,070 (or US$39,131.51, at today's rate).
YTD (Year-To-Date), the price of a CBshare is lower (-13.03%); while Unashig's market capitalization is farther down (-10.87%). Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged at -22.22%, YTD. Its valuation at the close was KES1.54 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization has today shrunk by 24.57%. Market capitalization at the NSE as a whole closed unchanged (-40.08%).
Wednesday, September 6th, 2023.
All five indices fell yet again. NSE 10 Index (-0.12%) fell to the bottom of the heap. CBshare (-0.10%) didn't do significantly better, 'climbing' to fourth position. Its price per share closed at KES1,646.40 (or US$11.27, at the forex rate of KES146.05 per US$). Here's today's ranking:
1. NASI: -0.03%
2. NSE 25 Index: -0.05%
3. NSE 20 Index: -0.08%
4. CBshare price (25 counters): -0.10%*
5. NSE 10 Index: -0.12%.
Unashig's market capitalization shrank (-0.10%) as well, from yesterday's level, in tandem with today's CBshare price. It closed at KES5,705,799 (or US$39,067.30, at today's rate).
YTD (Year-To-Date), the price of a CBshare closed lower (-13.20%); while Unashig's market capitalization is down -11.07%. Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged (-22.22%), YTD. Its valuation at the close was steady at KES1.54 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization was still down 24.08% today. Market capitalization at the NSE as a whole, which is multiple times larger than Unashig's, closed unchanged at -40.08% down.
Tuesday, September 5th, 2023.
All five indices fell today. However, the 'newbie', NSE 10 Index (-0.03%), declined the least and, consequently, jumped to the top of the pecking order. CBshare (-0.44%) fell to the bottom, at fifth. Its price per share closed at KES1,648.08 (or US$11.29, at the forex rate of KES145.95 per US$). Here's how the indices performed relative to each other:
1. NSE 10 Index: -0.03%
2. NASI: -0.09%
3. NSE 20 Index: -0.11%
4. NSE 25 Index: -0.12%
5. CBshare price (25 counters): -0.44%*.
Unashig's market capitalization shrank a little less (-0.35%) from yesterday's level. It closed at KES5,711,604.50 (or US$39,133.98, at today's rate).
YTD (Year-To-Date), the price of a CBshare is -13.11% lower. Unashig's market capitalization is down as well (-10.98%). Market capitalization at the Nairobi Securities Exchange, as a whole, was unchanged (-22.22%), YTD. Its valuation was unchanged at KES1.54 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 24.00% today. Market capitalization at the NSE as a whole, which is multiple times larger than Unashig's, is unchanged (-40.08%).
Monday, September 4th, 2023.
CBshare's performance (up 1.10%) closed Monday at the top of the ladder, as we see in the chart below. NSE 20 Index (+0.41%) was second. CBshare's price per share stood at KES1,655.36 (or US$11.35, at the forex rate of KES145.80 per US$). Following the introduction of NSE 10 Index today, here's how the performance ladder looked for the five metrics at the closing bell:
1. CBshare price (25 counters): +1.10%*
2. NSE 20 Index: +0.41%
3. NASI: -0.04%
4. NSE 25 Index: -0.11%
5. NSE 10 Index: -0.84%.
Unashig's market capitalization expanded -- to +1.10% of yesterday's level -- mirroring today's CBshare price jump. It closed at KES5,731,866 (or US$39,313.21, at today's rate).
YTD (Year-To-Date), the price of a CBshare is -12.73% lower; while Unashig's market capitalization is down -10.67%. Market capitalization at the Nairobi Securities Exchange, as a whole, is still at -22.22%, YTD. Its valuation at today's close was unchanged KES1.54 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 23.74% today. Market capitalization at the broader NSE market, which is multiple times larger than Unashig's, is unchanged at -40.08%.
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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 21st to August 25th 2023"
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