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, July 15th, 2022.
All four active indices dipped at the close of trading this Friday. CBshare closed 0.71% down, at KES2,055.88 (or US$17.39, at the forex rate of KES118.25 per US$). This performance was enough to help it retain the second position among its competitors, as we see below:
1. NSE 20 Index: -0.70%
2. CBshare price (25 counters): -0.76%*
3. NSE 25 Index: -1.45%
4. NASI (NSE All-Share Index): -1.56%
5. FTSE NSE Kenya 25 Index: 0.00% [Inactive. We will now cease tracking this index until, hopefully, we detect some activity].
Unashig's market capitalization also fell 0.76%, to close at KES6,865,843.00 (or US$58,062.10).
The latest Week-on-Week performance data scramble to a degree the respective metrics' ranking, as can be discerned below:
1. NASI (NSE All-Share Index): +5.15%
2. CBshare price (25 counters): +2.40*
3. NSE 25 Index: +1.53%
4. NSE 20 Index: -0.56%.
5. FTSE NSE Kenya 25 Index: 0.00% [Inactive].
YTD (i.e., since December 31st, 2021) the price of a CBshare is 10.58% down. Similarly, market capitalization is down 8.65%.
Thursday, July 14th, 2022.
CBshare resumed its upward trend, gaining 2.54% to close at KES2,071.66 (or US$17.53, at an unchanged forex rate of KES118.20 per US$). This performance brought it up from fourth to second position, as we see below:
1. NASI (NSE All-Share Index): +3.75%
2. CBshare price (25 counters): +2.54%*
3. NSE 25 Index: +2.03%
4. NSE 20 Index: +0.52%
5. FTSE NSE Kenya 25 Index: 0.00% [Inactive].
Unashig's market capitalization in turn gained 2.63%, to close at KES6,918,539.00 (or US$58,532.48). Soon enough capitalization will be once again back to, and past, the KES7m milestone.
YTD (that is, since December 31st, 2021) the price of a CBshare is still 9.89% down. Similarly, market capitalization is still down 7.95%.
Wednesday, July 13th, 2022.
CBshare price shed 0.09% to close at KES2,020.43 (or US$17.09, at the forex rate of KES118.20 per US$). This performance pushed CBshare's ranking down to fourth, as we see below:
1. NASI (NSE All-Share Index): +0.66%
2. NSE 25 Index: -0.00%
3. NSE 20 Index: -0.02%
4. CBshare price (25 counters): -0.09%*
5. FTSE NSE Kenya 25 Index: 0.00% [Inactive].
Unashig's market capitalization likewise dipped -0.09%, to close at KES6,741,375.00 (or US$57,033.63).
YTD (Year-to-Date) data show that the price of a CBshare is 12.12% below the December 31st 2021 benchmark. Similarly, market capitalization is down 10.30%.
Tuesday, July 12th, 2022. [Monday was a public holiday]
CBshare gained 0.73%, to close the trading day at KES2,022.24 (or US$17.13, at a weaker forex rate of KES118.15 per US$). This performance pushed CBshare back to the third position among the indices. Nevertheless, as already indicated, the price per CBshare edged upward a little more.
Here's how the metrics ranked at the close of today's trading:
1. NASI (NSE All-Share Index): +2.28%
2. NSE 25 Index: +0.97%
3. CBshare price (25 counters): +0.73%*
4. NSE 20 Index: -0.36%
5. FTSE NSE Kenya 25 Index: 0.00% [Inactive].
Unashig's market capitalization expanded 0.73%, to close the day at KES6,747,414.00 (or US$57,108.88, at today's forex rate).
On a YTD (Year-to-Date) basis, our data show that the price of a CBshare is still 12.04% below the December 31st 2021 mark. Similarly, market capitalization is still down 10.22% down.
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 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...June 27th to July 1st 2022"
