For a background to this continuing series of summaries at the end of each trading day on the Nairobi Securities Exchange (NSE), READ: The Introduction Section (availed at this link)
Share Price and Market Capitalization on Specified Days of the Week: April 12th to 16th, 2021:
Friday, April 16th,2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price closed the day, and the week, 0.45% higher than Thursday's close, settling at KES 2,257.72 (or US$ 21.00, at the exchange rate of US$1 = KES 107.50). The day's gain lagged behind the NSE 20 index (which rose by 0.51%), and stayed close to NASI (0.46%). It is worthwhile noting that, compared to the nominal value of a Unashig share at inception, that is, KES 2,000.00, today's price represents a gain in value of 12.89%. There is ample room for further appreciation.
YTD (Year-to-Date), today's Unashig share price closed 10.55% higher. This was an improvement on yesterday's percentage.
Some Unashig shares were bought today, and Unashig in turn bought some quoted shares in two counters on the NSE. The number of outstanding Unashig shares now stands at 2,974.11.
Market capitalization closed today at 6,714,694.50 (or US$ 62,462.27). This is the highest point reached since the company's registration. Today's valuation represents a 7.94% gain since yesterday. In terms of YTD as well, it has risen by 20.76%; and since December 31st, 2019, we have witnessed an appreciation of 296.76%.
Thursday, April 15th, 2021: Share Price and Market Capitalization at Close of Day [Due to a KES 0.50 overstatement of the closing price of Jubilee Insurance (now corrected), information on Unashig's share price and market capitalization this Thursday was slightly revised on April 16th, as now appears below]:
Unashig''s share price closed today 1.59% higher than yesterday, settling at KES 2,247.60 (or US$ 20.99, at the exchange rate of US$ 1 = KES 107.10). The day's gain was somewhat overshadowed by NSE's NASI index, which closed at 1.82%. However, it was noticeably higher than the NSE 20 index, which closed at 0.34%. We attribute Unashig's gain to the reservoir of momentum that's already in place. However, momentum cannot be sustained for long if there is no continual addition in terms of: (a) the number of outstanding CA and CB shares; and, (b) the number of quoted shares held on the NSE, or any other credible exchange.
YTD, the share price closed 10.05% higher, which was an improvement over yesterday's level.
Market capitalization closed at KES 6,662,123.00 (or US$ 62,204.70), which was 1.18% higher than yesterday's closing figure. In YTD terms, it closed 19.82% higher. Growth in valuation since the end of 2019 continued on its upward trend, closing 293.65% higher this Thursday.
Wednesday, April 14th, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price closed today 0.09% above yesterday's level, settling at KES 2,212.44 (or US$ 20.71, at the new exchange rate of US$ 1 = KES 106.81). But this gain was outdone by both the NSE 20 index (0.31%) and NASI index (0.83%). YTD, the share price is a little higher (at 8.33%) than we saw on Tuesday -- and continues to show promise..
The number of outstanding CA and CB shares was unchanged at 2,964.11. Unashig did not acquire any additional shares on the stock exchange, thus missing obvious opportunities to buy the dip -- and to accumulate built-in momentum.
Market capitalization rose 0.52% higher than yesterday's closing level, settling at KES 6,584,600.00 (or US$ 61,647.79). YTD, capitalization has risen by 18.42%. Since December 31st, 2019, which capped the first full year of Unashig's operations, it has risen cumulatively by 289.07%.
Tuesday, April 13th, 2021: Share Price and Market Capitalization at Close of Day:
Unashig's share price closed today 0.31% above yesterday's level, settling at KES 2,210.48 (or US$ 20.68, at the new exchange rate of US$ 1 = KES 106.90). YTD, the share price represents a promising 8.23% gain.
The number of outstanding CA+CB shares remained unchanged today, at 2,964.11. No additional shares were acquired on the stock exchange.
Market capitalization rose 0.31% over yesterday's closing level to settle at KES 6,552,099.00, which, thanks to Kenya's strengthening currency presently, was the equivalent of US$ 61,291.85. YTD, capitalization has grown by 17.84%. Since December 31, 2019, it has grown by 287.15%.
Monday, April 12th, 2021: Share Price and Market Capitalization at Close of Day:
The closing share price dropped marginally today (-0.01%) compared to last Friday's, and settled at KES 2,203.74 (or US$ 20.57, at the exchange rate of US$1 = KES 107.15). The change in price, YTD, showed an increase of 7.90% since December 31st 2020.
The number of outstanding CA+CB shares rose to 2,964.11 today, after some CB purchases. A number of quoted shares were bought as well.
Market capitalization closed at KES 6,532,139.50 (or US$ 60,962.57), showing a 0.43% increase since last Friday. YTD, market capitalization has grown by 17.48%. It has also continued to show remarkable growth since the end of 2019, the latest growth milestone being 285.97%.
It goes without saying that both market capitalization and the quantum of outstanding shares do impact the share price. Conversely, a company's market capitalization will not realize robust growth or its potential, certainly for us, if there is no direct investment in its operations -- or, principally for most of us, there is no continual demand for and acquisition of its shares.
NOTE: As reflected in the Unashig Share Pricing Formula, a buyer of Unashig shares also shares (a) part of the RTGS charge incurred when his/her funds are transferred via the bank to the Broker; and, (b) certain statutory and Brokerage charges incurred during the process of pegging (converting) CA and CA share values to the values of quoted shares collectively bought on the NSE at any material time. The total of these related charges generally adds up to 2.4% of the pegged value of the quoted shares bought by an investor; that is, 2.4% of the number of shares ordered and subsequently bought x the prevailing Unashig share price.
FOR SUMMARIES FOR EARLIER DATES, READ: Unashig's Share Price and Market Capitalization: Week of April 6th to 9th 2021. [A link to even earlier dates will be found there]
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