For a Background to the 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, March 18th, 2022.
Key NSE indices declined. So did the price of a CBshare, which closed 0.38% down at KES2,187.21 (or US$19.12, at the forex rate of KES114.40 per US$). Here's how the indicators ranked:
2. NSE 25 Index: -0.13%
3. CBshare price (25 counters): -0.38%*
4. FTSE NSE Kenya 25 Index: -0.40%
5. NASI (NSE All-Share Index): -0.50%.
Unashig's market capitalization fell 0.38% as well, closing at KES7,249,746.50 (US$63,371.91).
On a Week-on-Week (W-o-W) basis, respective metrics declined more steeply, resulting in the performance ranking shown below:
2. NSE 25 Index: -0.52%
3. FTSE NSE Kenya 25 Index: -1.02%
4. CBshare price (25 counters): -1.11%*
5. NASI: -1.36%.
SUMMARY: The current price of a CBshare is KES2,187.21 (US$19.12) -- plus (for trading purposes) statutory and brokerage charges ranging from 3.55% of the price of one share to 2.26% of the price of 10 shares bought at the same time. Today's price will prevail until 5:00 PM Monday, 21st. A new price will be discovered Monday night.
Thursday, March 17th, 2022.
Like four key indices at the NSE, CBshare dipped, closing at KES2,195.58 (or US$19.20, at the forex rate of KES 114.35 per US$). Still, it jumped from fifth position yesterday to second today, as the ranking below helps to show:
2. CBshare price (25 counters): -0.42%*
3. NSE 25 Index: -0.83%
4. NASI (NSE All-Share Index): -0.94%
5. FTSE NSE Kenya 25 Index: -1.06%. l
Unashig's market capitalization also contracted by a 0.42% margin, closing at KES7,277,494.00 (US$63,642.27). Too many headwinds in the securities market lately. But buying the dip remains a sound, even alluring, proposition for the 'daring'.
YTD, CBshare has recorded a 4.50% decline, while market capitalization has shrunk 3.17%.
Looking farther back to the December 31st, 2020 baseline, however, we see that both CBshare (+7.02%) and the company's market capitalization (+30.89%) -- particularly the latter -- have maintained a reasonable growth curve despite newly-visible obstacles along whichever way we turn.
SUMMARY: The current price of a CBshare is KES2,195.58 (or US$19.20) -- plus (for trading purposes) statutory and brokerage charges ranging from 3.55% of the price of one share to 2.26% of the price of ten shares bought at the same time. Today's price will prevail until 5:00 PM Friday, March 18th. A new price will be discovered Friday night.
Wednesday, March 16th, 2022.
CBshare reversed yesterday's gain, slipping 0.53% and closing at KES2,204.94 (or US$19.26, at the forex rate of KES 114.47 per US$). Here's today's performance rating:
2. FTSE NSE Kenya 25 Index: +0.14%
3. NSE 20 Index: -0.15%
4. NASI (NSE All-Share Index): -0.19%
5. CBshare price (25 counters): -0.53%*.
Unashig's market capitalization also fell 0.53% to close at KES7,308,528.50 (US$63,846.67).
YTD, the price of a CBshare fell 4.09%, while market capitalization shrank 2.76%.
Since the December 31st, 2020 baseline, CBshare has gained 7.47%, while market capitalization has gained 31.44%.
Tuesday, March 15th, 2022.
CBshare recorded a marginal advance for the third trading day in a row, closing 0.20% up at KES2,216.65 (or US$19.39, at the forex rate of KES114.30 per US$). Today's performance returned it to the first position among the metrics, all of which closed in positive territory:
2. NSE 25 Index: +0.19%
3. NASI (NSE All-Share Index): +0.17%
4. FTSE NSE Kenya 25 Index: +0.15%
5. NSE 20 Index: +0.08%.
Monday, March 14th, 2022.
CBshare made another small gain (+0.02%), closing at KES2,212.17 (or US$19.41, at the forex rate of KES 114.25 per US$). It was outperformed by three NSE indices, but retained last Friday's closing position, as we see below:
2. NASI (NSE All-Share Index): +0.10%
3. NSE 20 Index: +0.09%
4. CBshare price (25 counters): +0.02%*
5. NSE 25 Index: -0.03%.
Unashig's market capitalization also made a narrow gain of 0.02% to close at KES7,332,457.50 (US$64,179.22).
YTD, CBshare declined 3.78%, while market capitalization contracted 2.44%.
With December 31st, 2020 as the baseline, CBshare closed the day 7.82% up, while market capitalization dropped to the 31.88% point on the growth curve.
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NOTE: Share trading is not Unashig's core business, but an important aspect of enterprise necessitated by the fact that it is a limited liability company owned by its shareholders and registered under the Companies Act. It is an established rule that the proceeds of CA and CBshare sales must not be committed to the company's day-to-day operations but, instead, invested in quoted stocks for Unashig's longer-term value-addition.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: "UNASHIG's Share Price and Market Capitalization...March 7th to 11th 2022" {A link to even early dates will be found there}
