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 30th, 2022.
NSE 20 Index ended this trading week ahead of the other 3 indices, with a 0.63% gain for the day. CBshare closed in the third position (+0.35%), with a price per share of KES1,896.84 (or US$15.37, at the day's forex rate of KES123.40 per US$). Here's how the four indices ranked, all in positive territory, as we closed this year's trading:
1. NSE 20 Index: +0.63%
2. NASI (NSE All-Share Index): +0.39%
3. CBshare price (25 counters): +0.35%*
4. NSE 25 Index: +0.21%.
KES1,896.84 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be sold -- until 5:00 PM next Tuesday, January 3rd 2023.
Unashig's market capitalization gained 0.35% in value today, to close the year at KES6,416,270.50 (or US$51,995.71). This is the highest point since November 21st, 2022.
YTD, the price of a CBshare has dipped 17.49%. Unashig's market capitalization has, in turn, lost 14.63% in value. Nairobi Securities Exchange (NSE) has, as a whole, continued to underperform, compared with the respective indices. More specifically, it has declined by 26.72% on a YTD basis -- to close at a capitalization level recently stuck at KES1.98 trillion.
Wishing you all a Happy New Year, then. We remain optimistic that the stock market will do better, with a more robust and coordinated management of the national economy.
Thursday, December 29th, 022.
The advantage this Thursday, a day on which all the metrics pointed south, was with NSE 20 Index. It closed 0.16% down, but topped the list. CBshare closed second, at -0.33%, with a price per share of KES1,890.22 (or US$15.32, at the forex rate of KES123.39 per US$). Here's how the four indices ranked in the end:
1. NSE 20 Index: -0.16%
2. CBshare price (25 counters): -0.33%*
3. NSE 25 Index: -0.38%
4. NASI (NSE All-Share Index): -0.84%.
Unashig's market capitalization shed 0.16% of its value, to close at KES6,393,861.50 (or US$51,818.21).
YTD, the price of a CBshare has lost 17.78% in value. Unashig's market capitalization also declined, by 14.93%. Nairobi Securities Exchange (NSE) has, as a whole, continued to underperform, compared with the respective indices. More specifically, it has declined by 26.72% on a YTD basis -- to close at a capitalization level of KES1.98 trillion.
Wednesday, December 28th, 2022.
Trading resumed at the NSE this Wednesday, after Tuesday was made an extra public holiday to compensate for the fact that Christmas fell on a Sunday. Monday compensated for Sunday, which wasn't going to be appreciated by 'anyone' as a 'special' day of rest. The holiday was extended to Tuesday to accommodate Boxing Day (which has followed Christmas Day for decades now). One suspects that anyone who wishes to do away with Boxing Day will continue to be on the losing side -- particularly against the many who travel upcountry at year's end.
The trading day's advantage was with NSE 25 Index, followed by NSE 20 Inde, which closed with a 0.33% and 0.30% gain, respectively. CBshare closed third, with a 0.13% gain. Its price at the close was KES1,896.39 ( or US$15.39, at the forex rate of KES123.25 per US$):
1. NSE 25 Index: +0.33%
2. NSE 20 Index: +0.30%
3. CBshare price (25 counters): +0.13%*
4. NASI (NSE All-Share Index): -0.03%.
Unashig's market capitalization rose a little higher (+0.16%), to close at KES6,410,971.00 (or US$52,015.99).
YTD, the price of a CBshare has shed 17.51% in value. Unashig's market capitalization has also declined, by 14.99%. However, both numbers suggest an underlying improvement, particularly over the last 3 months or so. Nairobi Securities Exchange (NSE), as a whole, has continued to underperform, generally, compared with the respective indices. More specifically, it has declined by 26.35% on a YTD basis -- to close at a capitalization level that has tended to oscillate around KES1.99 trillion.
READ: Inflation wipes out returns on fixed deposits accounts (December 15, 2022)
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, December 19th to 23rd, 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