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, November 17th, 2023.
CBshare's performance today (+0.93%) is the highest since October 5th this year and extends its lead to the third consecutive day this trading week. It closed at KES1,623.68 per share (or US$10.66, at a forex rate unchanged at KES152.35 per US$). Here's how each of our five indices saw off the current week:
1. CBshare price (25 counters): +0.90% [corrected]
2. NSE 10 Index: +0.62%
3. NSE 25 Index: +0.58%
4. NSE 20 Index: +0.46%
5. NASI: +0.37%.
[NOTE: NASI is the abbreviation for Nairobi All Share Index. As of August 3rd, 2023, and going back many months, a total of 56 active counters could be tracked as NASI constituents on NSE's electronic Trading Floor-cum-Platform. In updating the count for its own internal purposes, Unashig excluded the following seven counters due to their lack of detectable, or regular, activity on the Floor: Homeboyz, Uchumi, KPLC (two Preference Share categories), Kurwitu, Kenya Airways, and Mumias Sugar Company. Some of them remain officially suspended by the regulator].
*** KES1,623.09 (US$10.65) is CBshare's new trading price. It will prevail until 5:00 PM Monday, November 20th. 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 nine CBshares in a day's transaction).
YTD (Year-To-Date), the price of a CBshare is down 14.43%. Unashig's market capitalization has declined 11.98%. Market capitalization at the Nairobi Securities Exchange, as a whole, is 28.28% lower, YTD [updated]
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's market capitalization has shed 24.85% of its value [updated]. Market capitalization at the NSE has devalued by 44.75%.
As a percentage of NSE's market valuation, Unashig's market capitalization remains unchanged today at 0.0004%.
Thursday, November 16th, 2023.
CBshare (+1.77%) maintained the lead for the second day, even though there was some 'slack' in its performance. It closed the day at KES1,608.66 per share (or US$10.56, at the forex rate of KES152.35 per US$). Here's the performance profile of the respective metrics at today's close:
1. CBshare price (25 counters): +1.77%
2. NSE 20 Index: +0.37%
3. NSE 25 Index: -0.06%
4. NASI: -0.07%
5. NSE 10 Index: -0.43%.
YTD (Year-To-Date), the price of a CBshare is down 15.19%. Unashig's market capitalization is down 12.76%. Market capitalization at the Nairobi Securities Exchange, as a whole, is 28.79% down, YTD.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's market capitalization has shed 25.52% of its value. Market capitalization at the NSE is 45.14% down.
We added a 'reasonable' number of Safaricom shares to the Unashig portfolio today. We expect a certain amount of sustainable lift in the near term, as a result. As a percentage of NSE's market valuation, however, Unashig's market capitalization remains unchanged today -- at 0.0004%.
Wednesday, November 15th, 2023.
The positive trend recorded yesterday continued across the board today. CBshare (+1.86%) leaped from fifth to first place, with its price rising to KES1580.69 (or US$10.38, at the forex rate of KES152.30 per US$). Here's Wednesday's ranking of the five indices:
1. CBshare price (25 counters): +1.86%
2. NSE 10 Index: +1.10%
3. NSE 20 Index: +1.02%
4. NASI: +0.93%
5. NSE 25 Index: +0.76%.
YTD (Year-To-Date), the price of a CBshare is down 16.67%. Unashig's market capitalization has fallen by 14.28%. Market capitalization at the Nairobi Securities Exchange, as a whole, is 28.28% down, YTD.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's market capitalization has shed 26.82% of its value. Market capitalization at the NSE is -44.75% down.
As a percentage of NSE's market valuation today, Unashig's market capitalization is unchanged at 0.0004%.
Tuesday, November 14th, 2023.
All indices maintained the upward trend witnessed last Friday. NSE 20 Index (+1.77%) led the surge, dislodging NSE 10 Index (+1.03%) -- which fell to third. CBshare (+0.10%) dropped to fifth, its price for the day closing marginally higher at KES1551.53 (or US$10.21, at the forex rate of KES152.00 per US$). Here's Tuesday's ranking of the five metrics:
1. NSE 20 Index: +1.77%
2. NSE 25 Index: +1.06%
3. NSE 10 Index: +1.03%
4. NASI: +0.45%
5. CBshare price (25 counters): +0.10%.
YTD (Year-To-Date), the price of a CBshare is down 18.20%. Unashig's market capitalization has depreciated by 15.86%. Market capitalization at the Nairobi Securities Exchange, as a whole, is 29.29% down, YTD.
Starting from farther back -- at end-of-year 2021 when it closed at KES7,515,735.50 -- Unashig's market capitalization has shed 28.17% of its value. Market capitalization at the NSE is -45.53% down.
As a percentage of NSE's market valuation today, Unashig's market capitalization is unchanged at 0.0004%.
Monday, November 13th, 2023.
There was no trading at the bourse today, November 13th having been declared a National Tree Planting Day in Kenya.
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