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 [Abridged]
Friday, May 27th, 2022.
CBshare price remained essentially unchanged, with a -0.00% dip, to close at KES1,933.01 (or US$16.56, at the forex rate of KES116.70 per US$). Compared to the four NSE indices, its relative performance stayed put in the fourth position, while NSE 20 Index jumped from fifth to first. NSE 25 Index remained second, as we see below:
In terms of Week-on-Week performance, the metrics ranked as follows:
Thursday, May 26th, 2022.
CBshare price continued to rally, rising another 0.60% to close at KES1,933.06 (or US$16.57, at the forex rate of KES116.68 per US$). Compared to the four NSE indices, its relative performance ranking climbed a notch to the fourth position, as shown below:
Wednesday, May 25th, 2022.
All our usual metrics closed in positive territory today, as we see in the ranking below. CBshare price jumped 0.19% to close at KES1,921.62 (or US$16.47, at the forex rate of KES116.65 per US$). However, compared to the four NSE indices, its relative performance ranking stayed put at the fifth position:
Tuesday, May 24th, 2022.
At today's close, CBshare price dipped another 0.85%, to KES1,917.96 (or US$16.45, at the forex rate of KES116.60 per US$). Its ranking, compared to key NSE indices, dropped to fifth, mainly due to Safaricom's continued weakening at the bourse, and the absence of noticeable dip-buying by Unashig shareholders (as recently pointed out). Here is how the usual five metrics performed:
Monday, May 23rd, 2022.
The Nairobi Securities Exchange (NSE) continued on a downward slide, which has run roughly since the last week of February this year. This decline is being witnessed around much of the world, including the planet's largest bourses.
At today's close, CBshare price fell another 0.85%, to KES1,931.91 (or US$16.58, at the forex rate of KES116.55 per US$). That notwithstanding, it climbed from fourth last Friday to the second position in today's ranking at the NSE, as shown below:
ALL ARE ADVISED THAT: Share trading is not Unashig's core business, but an important aspect of enterprise. Unashig is a limited liability company registered under Kenya's Companies Act and entirely owned by its registered shareholders.
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 from stock holdings. 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, investment decisions pegged on the trajectory of any or often all of the four leading NSE indices.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: "UNASHIG's Share Price and Market Capitalization...May 16th to 20th, 2022"