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, December 9th, 2022.
Three out of four indices sustained their most recent upward trend, as indicated below. CBshare price gained a further 0.60%, to close at KES1,883.19 (or US$15.33, at the forex rate of KES122.83 per US$. This performance enabled CBshare to retain its first position in the ranking:
1. CBshare price (25 counters): +0.60%*
2. NSE 20 Index: +0.22%
3. NASI (NSE All-Share Index): +0.10%
4. NSE 25 Index: -0.24%.
KES1,883.19 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be traded -- until 5:00 PM, Tuesday, December 13th (Monday, December 12th being a national holiday -- Jamhuri Day).
Unashig's market capitalization made a 0.60% gain as well, to close at KES6,341,853.50 (or US$51,631.14).
YTD, the price of a CBshare has dipped 18.09%), while Unashig's market capitalization has shrunk by 15.62%). On a YTD basis, the market capitalization of Nairobi Securities Exchange (NSE) as a whole has declined by 27.09%), and has continued to underperform Unashig's.
Thursday, December 8th, 2022.
All indices continued to trend upwards, for the third day in a row. CBshare price gained a further 0.43%, to close at KES1,871.88 (or US$15.24), even though the forex rate dipped lower to KES122.84 per US$. This performance enabled CBshare to jump from the third position to the first in the day's ranking, as we see below:
1. CBshare price (25 counters): +0.43%*
2. NSE 25 Index: +0.30%
3. NASI (NSE All-Share Index): +0.20%
4. NSE 20 Index: +0.13%.
Unashig's market capitalization made a 0.42% gain, to close at KES6,303,773.00 (or US$51,316.94). This turns out to be the second highest point since November 25th, 2022, when it closed at KES6,354,404.00 (or US$51,987.27, at the forex rate of KES122.23 per US$).
YTD, the price of a CBshare has declined (-18.58%), while Unashig's market capitalization has shrunk (-16.13%). On a YTD basis, NSE's market capitalization has dipped slightly less today (-27.09%) than we saw yesterday (-27.46), but has continued to underperform Unashig's.
Wednesday, December 7th, 2022.
The upward trend across the board that we noted at yesterday's close continued today. CBshare price climbed 0.47%, to close at KES1,863.96 (or US$15.18), despite a forex rate that weakened further to KES122.78 per US$. The performance ranking of the four metrics remained unchanged, as shown below:
1. NASI (NSE All-Share Index): +0.71%
2. NSE 25 Index: +0.63%
3. CBshare price (25 counters): +0.49%*
4. NSE 20 Index: +0.08%.
Unashig's market capitalization made a 0.49% gain as well, to close at KES6,277,101.00 (or US$51,124.78).
YTD, the price of a CBshare has declined (-18.92%), while Unashig's market capitalization has shrunk (-16.48%) during the same period. On a YTD basis, NSE's market capitalization fell slightly lower today (-27.46%) than we saw yesterday, but continued to be more challenged than Unashig's.
Tuesday, December 6th, 2022.
All indices reversed course, closing in positive territory as shown in the ranking below. CBshare price gained 0.35%, at KES1,854.85 (or US$15.12), despite a weaker forex rate of KES122.76 per US$:
1. NASI (NSE All-Share Index): +0.62%
2. NSE 25 Index: +0.48%
3. CBshare price (25 counters): +0.35%*
4. NSE 20 Index: +0.12%.
Unashig's market capitalization made a 0.38% gain, to close at KES6,246,407.00 (or US$50,920.41).
YTD, the price of a CBshare has declined (-19.32%), while Unashig's market capitalization has shrunk (-16.89%)during the same period. NSE's market capitalization fell even more steeply (-27.83%), YTD, than Unashig's.
Monday, December 5th, 2022.
All indices fell today. Three of them dipped with a margin of at least -1.00%, while one (NSE20 Index) fell by 0.75%. CBshare closed 1.00% down, at KES1,848.36 (or US$15.07, at the forex rate of KES122.67 per US$). Its performance tied it with NSE 25 Index for the second position, as we see below:
1. NSE 20 Index: -0.73%
2. NSE 25 Index: -1.00%
2. CBshare price (25 counters): -1.00%*
4. NASI (NSE All-Share Index): -1.58%..
Unashig's market capitalization also shrank (-1.00%), to close at KES6,222,707.50 (or US$50,727.22).
YTD, the price of a CBshare has declined 19.60%, while Unashig's market capitalization has shrunk by 17.20%. NSE's market capitalization fell even more steeply (-28.20%), YTD.
READ: History of NSE
SHAREHOLDERS ARE REMINDED THAT While share trading is not Unashig's core business, it is an important aspect of an enterprise such as ours. Unashig is a limited liability company registered under Kenya's Companies Act. It is wholly owned by its registered shareholders, currently numbering 249. Investing the amounts generated through the periodic sale of issued CBshares in dividend/income-generating ventures is a prudent and indeed surer way of growing the company. Surer, certainly, than spending it on routine office activities.
The average number of CBshares held per shareholder remains very low, however. This is not conducive to rapid capital/asset growth, or the generation of substantial and distributable dividend income. For over 12 months, the value of our CBshare has proven that Unashig's investment decisions continue to be competitive with, and quite frequently superior to, those pegged on the trajectory of any, or often all, of the three active NSE indices.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: " UNASHIG's Share Price and....Capitalization, November 28th to December 2nd, 2022. "
BOOK LINK: Rock of the Boat
NOTE: 1) Buy and Read the eBook Edition of Rock of the Boat Using a Free Kindle eBook App: Tap or Click on This Link To Download the Free eBook App
2) Alternatively, with a current subscription to Amazon Kindle Unlimited, you can download to your E-Reader, for free, a complete copy of Rock of the Boat.
No comments:
Post a Comment