For a Background to this series of summaries at the close of each trading day, READ: Introduction to Trends in Unashig's CBshare Price and Market Capitalization (availed at this link)
Share Price and Market Capitalization on Specified Days of the Week:
Friday, August 13th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
CBshare's price gained 0.18% today, settling at KES 2,483.83 (or US$ 22.72, at the still declining forex rate of KES 109.30 per US$). Its performance ranked fifth at the close, when measured against four NSE indices (all of which closed in positive territory as well), as the list below shows:
1) NSE 20 Index: Up 0.45%
2) NSE 25 Index: Up 0.43%
3) FTSE NSE Kenya 25: Up 0.29%
4) NASI (NSE All Share Index): Up 0.28%
5) CBshare Price: Up 0.18%.
However, when we compare relative performance on a Week-on-Week (WoW) basis -- that is, from the close of trading on Friday, May 6th 2021 to the close on Friday, May 13th, 2021 -- we get this different and more illuminating rank-order among the five metrices:
1) CBshare Price: Up 0.85%
2) NSE 20: Up 0.80%
3) NSE 25: Down 0.35%
4) FTSE NSE Kenya 25: Down 0.37%
5) NASI (NSE All Share Index): Down 0.40%.
YTD, CBshare has gained 21.61% in value. In contrast, it is reported in Cytonn Report (August 15, 2021) that three NSE indices have recorded the following gains YTD (all of which fall short of CBshare's mark): NASI (up 19.2%), NSE 25 (up 15.8%) and NSE 20 (up 4.7%). Based on CBshare's recent performance, we expect an even more robust gain at year's end (Updated: August 15th, 2021).
RELATED: Safaricom share hits highest price since NSE listing [in 2008]
Unashig's market capitalization also gained 0.18%, and closed at KES 7,816,876.00 (or US$ 71,517.62). On a YTD basis, it has now added 40.59% in value. Since December 31st, 2019, its value has jumped 360.80%. This is the second highest point so far attained, after the 360.81% mark reached on August 10,2021. The gain is certainly going to continue -- even with bumps along the way.
IMPORTANT NOTE: The price of a CBshare will hold at the new level of KES 2,483.83 (or US$ 22.72) -- plus statutory and brokerage charges approximating 2.4% over-and-above the direct cost of CBshares bought at a given time -- until Monday, August 16th, after (a) NSE releases its Daily Pricelist at around 4:15 PM (GMT+3); and, (b) Unashig announces a new CBshare price than evening or night.
Thursday, August 12th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
Once again, CBshare did not display any lift, closing 0.15% lower than yesterday at KES 2,479.38 (or US$ 22.70, at the still eroding forex rate of KES 109.20 per US$). Indeed, it ranked fourth for the second consecutive day when ranked against four NSE indices -- with the top two 'clarifying' their relative positions as follows:
1) FTSE NSE Kenya 25 Index: Up 0.09%
2) NASI: Up 0.06%
3) NSE 25 Index: Down 0.03%
4) CBshare Price: Down 0.15%
5) NSE 20 Index: Down 0.51%.
Unashig sold some CBshares and used the proceeds to shore up its future momentum by acquiring a selection of stocks across five counters at the NSE. Unashig's "shares outstanding" rose to 3,147.11. These continue to be distributed quite unevenly among 233 shareholders.
YTD, the value of a CBshare closed with a reduced gain of 21.39%, when compared with yesterday's number.
Unaffected by the 3,147.11 shares outstanding now in its books, Unashig's market capitalization closed 0.05% lower, and thus less steeply, than (a) it did yesterday; and, (b) CBshare more noticeably did today. The day ended with it standing at KES 7,802,871.00 (or US$ 71,454.86). YTD, it closed 40.34% higher. Its climb since December 31st, 2019 showed a 359.97% growth at today's close, though this was a lower peak on the curve than we saw in the last two days.
Wednesday, August 11th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
CBshare dropped 0.22% today, its price closing at KES 2,483.10 (or US$ 22.75, at the still weakening forex rate of KES 109.17 per US$). This lower price placed CBshare fourth when pitted against four key indices that track market performance at the NSE. Here is how they stacked up:
1) FTSE NSE Kenya 25 Index: Up 0.02%
2) NASI: Up 0.02%
3) NSE 25 Index: Down 0.12%
4) CBshare Price: Down 0.22%
5) NSE 20 Index: Down 0.65%.
Additional CBshares were sold today, and the proceeds used to acquire different bundles of quoted shares in a selection of counters at the NSE.
YTD, CBshare's value closed at the 21.57% point on the growth curve, which was a little lower than yesterday's close.
Unashig's market capitalization dropped 0.13% to close at KES 7,807,154.50 (or US$ 71,513.74). This drop noticeably less steep than we saw in CBshare's movement. YTD, capitalization has indeed climbed 40.41%. Since December 31st, 2019, it has made a 360.22% gain.
Tuesday, August 10th, 2021: Share Price and Market Capitalization at the Close of Trading Day.
The price of a CBshare closed 0.12% lower this Tuesday than we saw yesterday, and settled at KES 2,488.63 (or US$ 22.82, at a weakening forex rate which today stood at KES 109.05 per US$), This performance trailed four key indices at the NSE, as we see below:
1) NSE 25 Index: Up 0.06%
2) NASI: Up 0.04%
3) FTSE NSE Kenya 25 Index: Down 0.03%
4) NSE 20 Index: Down 0.10%
5) CBshare Price: Down 0.12%.
Some CBshares were sold today. Unashig used the proceeds to buy additional shares quoted on the NSE. We expect additional activity in both directions in the coming days.
YTD, CBshare's gain eroded somewhat, closing at the 21.84 percentage point on the growth curve. Yesterday, you will recall, it closed a little higher -- at 21.99%.
Unlike the CBshare price, Unashig's market capitalization closed the day 0.14% higher, and settled at KES 7,817,047.50 (or US$ 71,683.15). YTD, it has risen to the 40.59 percentage-point on the growth curve. Today its growth trajectory also hit the highest point since December 31st, 2019, closing the day with an unprecedented 360.81% cumulative gain,
Monday, August 9th, 2021: Share Price and Market Capitalization at the close of Trading Day
Monday closed on a high note, with the CBshare jumping 1.17% to KES 2,491.59 (or US$ 22.89, at the still declining forex rate of KES 108.85 per US$). This strong gain, fueled by momentum, catapulted CBshare ahead of all the four NSE indices, as follows:
1) CBshare Price: Up 1.17%
2) NASI: Up 1:10%
3) FTSE NSE Kenya 25 Index: Up 0.95%
4) NSE 25 Index: Up 0.49%
5) NSE 20 Index: Up 0.13%.
YTD, CBshare's price has grown 21.99% higher. This is the third highest price-level ever, and is only surpassed by the KES 2,499.08 level recorded last July 16th, and the KES 2,500.04 level hit three days later, on July 19th 2021.
Unashig's market capitalization also jumped 1.17%, and closed at KES 7,806,439.50 (or US% 71,717.40). YTD, it has made a 40.40% gain. Since December 31st, 2019, its growth path has returned it as of today to the second highest level -- i.e. 360.18% -- behind only the peak of 360.27% which was hit on July 19th, 2021.
FOR SUMMARIES OF EARLIER DATES, PLEASE READ: UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange _ August 2nd to August 6th 2021 [A link to earlier dates will be found there].
