Share Price and Market Capitalization on Specified Days of the Week: March 22nd to 26th, 2021.
Friday, March 26th, 2021: Unashig's Share Price and Market Capitalization at Close of Day:
Unashig's market-pegged share price closed 1.3% higher today than yesterday, settling at KES 2,277.50 -- or US$ 20.75 (at the exchange rate of US$1=KES 109.74). On a YTD (Year-to-Date) basis, the share price has risen by 11.51% since December 31st, 2020. Over the last two years, starting from a base level of KES 2,000/-, it has registered a growth of 13.88% -- or an average rate of 6.94% per year.
The company's market capitalization closed today at KES 6,614,118 (or US$ 60,270.80). Today's figure is 1.40% higher than yesterday's. On a YTD basis, this valuation has grown by 18.96%, since the valuation of KES 5,560,154.50 recorded on December 31st 2020. We wait to see what the full year will show us.
Going farther back to December 31st, 2019 -- when market capitalization closed at a patently proto base of KES 1,692,388.00 (or US$ 16,996.86, at the exchange rate at the time of US$1=KES99.5706) -- Unashig's market capitalization has, in just under 15 months, witnessed a growth of 290.82%! Is this sustainable in the next two or three years? We hope so, but only Time will tell.
Three shareholders very recently bought 52 additional CB shares at the prevailing (i.e. yesterday's) market price, raising the total outstanding CA and CB shares to 2,904.11. As the denominator, this figure is important in determining the price per Unashig share.
Unashig divested entirely from Kenya Power today, and immediately invested the proceeds in the other counters in which it already has presence. Proceeds from the recent CA and CB share purchases were likewise variously invested at the NSE, as the next CDSC statement due at the end of March will show.
NOTE: Until the close of NSE trading at 3:00 PM on Monday (March 29th, 2021), the market price of a Unashig share, as already indicated above, will remain KES 2,277.50 (or US$ 20.75). UPDATED: March 28, 2021 (1152 AM, 12.22 PM and 11:10 PM).
Thursday, March 25th, 2021: Unashig's Share Price and Market Capitalization at Close of Day:
The price of each outstanding/issued Unashig share declined by 1.91% this Thursday to KES 2,248.35 (or US$ 20.48 at the exchange rate of US$1=109.80), compared to Wednesday's level of KES 2,292.09. This is essentially explained by the fact that while the denominator -- that is, the number of shares outstanding -- rose from 2,852.11 yesterday to 2,901.11 today, the value of Unashig shares recently bought, up to this Thursday, and amounting to KES 130,590.80, could not feature in the numerator until converted via purchase to the value of shares quoted on the NSE. The earliest date for this to happen is this Friday.
While the price-level recorded today represented a 10.08% gain on a YTD (Year-to-Date) basis -- that is, compared to the KES 2,042.35 recorded on December 31st, 2020 -- it was comparatively lower than the 12.23% YTD gain registered the day before.
Market capitalization declined as well, from KES 6,537,283.00 yesterday to KES 6,522,715.00 today -- and for essentially the same reason as indicated above. On a YTD basis, it "grew" at a negative rate of -0.26% from the December 31st, 2020 level.
Wednesday, March 24th, 2021: Unashig's Share Price and Market Capitalization at Close of Day:
Wednesday's closing price per outstanding Unashig share was marginally higher, by 0.04%, than it was yesterday, having only risen to KES 2,292.09 (or US$ 20.88 at today's exchange rate of US$1= KES 109.80). On a YTD (Year-to-Date) basis, however, today's closing price was 12.23% higher than the December 31st, 2020 level of KES 2,042.35.
Market capitalization was also only marginally higher, having risen by only KES 2,393/- above yesterday's level to KES 6,537,283.00 or US$ 59,538.10. On a YTD basis, market capitalization increased by KES 977,128.50, or 17.57%, from last December's level of KES 5,560,154.50.
Unashig did not purchase any stocks on the NSE today, and no Unashig shares were bought. The number of outstanding CA and CB shares remained constant at 2,852.11.
Tuesday, March 23rd, 2021: Unashig's Share Price and Market Capitalization at Close of Day:
Tuesday's closing price per outstanding (i.e. issued) Unashig share was 0.64% higher than it was yesterday, having risen to KES 2,291.25 (or US$ 20.86 at today's exchange rate of US$1 = KES 109.85). On a YTD (Year-to-Date) basis, today's closing price was 12.19% higher than the December 31st, 2020 level of KES 2,042.35.
Market capitalization was also proportionately higher, having risen by KES 41,398/- since yesterday to KES 6,534,890, or US$ 59,489.21. On a YTD basis, market capitalization increased by KES 974,735.50, or 17.53%, from last year's level of KES 5,560,154.50.
Unashig did not purchase and stocks on the NSE today, and no Unashig shares were bought. The number of outstanding CA and CB shares remained at 2,852.11.
Monday, March 22nd, 2021: Unashig's Share Price and Market Capitalization at Close of Day:
Today's closing price per outstanding Unashig share was 0.32% than it was last Friday, having risen to KES 2,276.73 (or US 20.73 at today's exchange rate of US$1=KES109.85). On a YTD basis, Monday's closing price was 11.48% higher than the December 31st, 2020 level of KES 2,042.35.
The new YTD level contrasts favorably with all the three indexes which track the performance of the Nairobi Securities Exchange (NSE), namely: NSE All-Share Index (NASI), NSE 25-Share Index (NSE 25) and NSE 20-Share Index (NSE 20). According to the latest figures released on March 21st by Cytonn Investments, the respective indexes registered these lower YTD rates: NASI (9.8%), NSE 25 (8.8%) and NSE 20 (3.3%).
Market capitalization was also higher, by 0.32%, than we saw last Friday, closing today at KES 6,493,492.00 (or US$ 59,112.35). It was higher as well on a YTD basis, standing 16.79% above the December 31st, 2020 level of KES 5,560,154.50.
If the two YTD growth rates reported here for the share price (11.48%) and market capitalization (17.32%) are maintained for the next 6 to 7 years, the Rule of Seventy tells us to expect the doubling of today's share price and market capitalization at some point in Year 2026. Indeed, the doubled figure should itself double in Year 2032. We could reach those milestones even earlier if we kept investing at the current pace. But why not at a faster pace?
Unashig did not purchase any stock on the NSE today, and no Unashig shares were bought. The number of outstanding CA and CB shares remained at 2,852.11.
READ: Unashig's Share Price and Market Capitalization ~ March 15th to 19th, 2021
READ: Unashig's Share Price and Market Capitalization ~ March 8th to 12th, 2021
ALSO READ: Unashig's Portfolio of NSE-Listed Shares - As of February 28th, 2021
