For a background to this continuing series of summaries at the end of each trading day, READ: The Introductory Section (availed at this link)
Share Price and Market Capitalization on Specified Days of the Week:
Friday, June 11th, 2021: Unashig Share Price and Market Capitalization at the Close of Trading Day.
It was a slight downturn at the bourse today, with two familiar indexes dipping to reflect the more than a few lower share prices that drew attention -- and the lower prices in turn causing the dip in the indexes designed to frame them.
Unashig's own share price retreated by 0.10%, compared to its closing number the day before, settling at KES 2,381.28 (or US$ 22.07, at the still steady but nevertheless unwholesome forex rate of US$1:KES107.90). But NASI (Nairobi All Share Index) declined even less (by 0.09%). However, NSE 20, which tracks only 20 counters, declined by 0.21% -- that is, relatively more steeply than either (ref. Dyer & Blair).
Foreign investors were net sellers at the exchange, being responsible for 95.06% of the value all sales (to local buyers, by definition) and 79.36% of the value of all purchases (from local sellers).
Unashig was purely a buyer at the exchange, but bought only a few shares. It did not privately sell any of its own shares. Its outstanding CA and CB shares therefore remain at 3,056.11.
YTD (Year-to-Date), the Unashig share price has gained 16.58% in value. But the progression has not been on a straight line rightward and upward. Today's closing "altitude", for example, is a little lower than yesterday's.
Market capitalization dipped 0.10% as well, on this day. YTD, it has appreciated by 30.89%. Since December 31st 2019, it has recorded a gain of 330.01%, making today the15th consecutive trading day with a gain of over 300%.
IMPORTANT NOTE: Until the close of trading day on Monday, June 14th, at 3:00 PM (GMT+3) -- and the release by NSE of the day's final Equity Price List approximately 60 to 90 minutes thereafter -- KES 2,381.28 (US$ 22.07), plus the brokerage and statutory charges detailed in the Unashig Share Pricing Formula, will prevail as the price at which a CA or CB share may be privately bought from the company.
Thursday, June 10th, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price had a good day, 'spiking' 0.46% above yesterday's level. It closed at a new high of KES 2,383.69 (or US$ 22.09, with the forex rate remaining steady at US$1:KES 107.90). Observed trends suggest that it will hit the US$ 25.00 level in the not too distant future. It outperformed both the NSE 20 index (which had a 0.15% gain) and NASI (which followed more closely at 0.41%) (ref. Dyer & Blair). It is a see-saw race.
Local investors, including Unashig, flipped the general trend and dominated buying at the bourse today, owning 78.32% of the value of all shares bought. But they also disposed of 72.23% of the value of all shares sold (ref. Dyer & Blair). Only insiders, which we aren't, know who bought from or sold to whom.
YTD (Year-to-Date), the Unashig share price has gained 16.70% in value. The company is presently owned by 231 shareholders, who hold a combined total of 3,056.11 outstanding shares. We are working with a number of shareholders to convert their fractions to full shares. No additional fractions are allowed now.
On the basis of outstanding (i.e. issued) shares, the company's market capitalization closed today 0.65% higher than yesterday, at KES 7,284,806.50 (or US$ 67,514.43).
YTD, market capitalization has grown in value by 31.02%. Since December 31st, 2019, it has grown more than three-fold -- closing at 330.45%. Today is the 14th consecutive trading day with a gain above 300%.
There is a "school of thought" (or field of practice) which holds that the market value of outstanding shares can be extrapolated (or projected), one-for-one, to that of all formally authorized (and yet to be sold) shares. If that is so, then Unashig's 7,000 officially authorized shares give it a total valuation today of KES 16,685,830.00 (or US$154,641.61). Food for thought.
Wednesday, June 9th, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price closed with a 0.08% gain today, settling at KES 2,372.85 (or US$ 21.99, at a steady forex rate of US$1:KES107.90). This performance lagged the two indexes most frequently used to gauge the performance of the local bourse (NSE), as follows: NSE 20 (0.32%) and NASI (0.13%). The securities exchange was fired up by the transactions powered mostly by foreign investors, who accounted for 63.11% of the value of the day's total purchases and 88.03% of all sales (ref. Dyer & Blair).
YTD (Year-to-Date), Unashig's share price closed with a gain of 16.17%, but only eight basis points above yesterday. This was the third instance above 16% during the period.
Market capitalization rose 0.17% over yesterday's close, settling at KES 7,237,459.5 (US$ 67,075.62. YTD, this valuation has risen by 30.17%, which is a slightly higher reach from yesterday. Since December 31, 2019, a gain of 327.65% has now been achieved. This makes today the 13th consecutive day with a gain of over 300%.
Tuesday, June 8th, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price closed Tuesday with a 0.54% gain over Monday's price, settling at KES 2,371.07 (or US$ 21.97, at the forex rate of US$1:KES107.90). Two indexes which are widely used to track NSE's performance also rose, as follows: NSE 20 (0.15%) and NASI (0.80%). Unashig's performance was therefore tucked in-between them.
Some Unashig shares were privately bought today, raising the total of outstanding shares to 3,047.11. Unashig in turn bought a number of quoted shares at the bourse. The number of outstanding shares is a key factor (as the denominator) in determining the share price. The numerator is the day's aggregate market capitalization, which we shall see presently.
Unlike their foreign counterparts, local investors (including Unashig) were net buyers of quoted shares, accounting as a group for 47.42% of all purchases and 36.79% of total sales. Either way, however, foreign investors displayed deeper pockets. Unashig did not dispose of any of its quoted holdings, however. We were pure buyers, with a strong and on-going inclination to hold.
YTD (Year-to-Date), Unashig's share price has appreciated by 16.09%. This is its second highest point yet, and only the second time it is in the 16% range.
Market capitalization rose to KES 7,224,903.50 (US$ 66,959.25), which is 0.74% higher than yesterday's peak. YTD, this valuation has risen by 29.94%. Since December 31st 2019, it has had a 326.91% growth. Indeed, today's valuation marks the 12th consecutive trading day above the 300% threshold.
Monday, June 7th, 2021: Unashig's Share Price and Market Capitalization at the Close of Trading Day.
The share price was 0.20% higher at today's close than it was at the end of last Friday. It settled at KES 2,358.27 (or US$ 21.87, at the exchange rate of US$1:KES 107.90). As a result, Unashig outperformed the two indexes commonly used to track NSE's daily performance, namely: NASI (which rose by 0.18%) and NSE 20 (which declined by 0.24%).
Local investors dominated share buying activities at the bourse. They were responsible for 66.97% of total purchases, but only 18.85% of total sales (see today's Market Report by Dyer & Blair). No Unashig shares were bought, but some quoted shares were added to the company's portfolio. The total of outstanding Unashig shares held at 3,041.11. The number of shareholders now stands at 226.
YTD, the share price has risen by 15.46%. It should close this year in even better shape, regardless of the ups and downs that it may encounter along the way.
Market capitalization closed the day 0.20% higher than last Friday, settling at KES 7,171,749.50 (US$ 66,466.66) -- which is so far the second highest point this month, and on record. YTD, the company's capitalization has recorded a gain of 28.98%. And since December 31st, 2019, it has grown by 323.77%. Today is the 11th consecutive trading day with a gain of over 300%.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: Unashig's Share Price and Market Capitalization of Holdings..._ May 31st to June 4th, 2021 [A link to earlier dates will be found there]
