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, August 18rh, 2022.
All four key indices fell at today's close. CBshare, more specifically, declined 0.80% to close at KES2,129.98 (or US$17.80, at the unchanged forex rate of KES119.65 per US$). This performance pushed it from the first to the third position, as shown below:
1. NASI (NSE All-Share Index): -0.17%
2. NSE 20 Index: -0.57%
3. CBshare price (25 counters): +0.80%*
4. NSE 25 Index: -0.81%.
Unashig's market capitalization recorded a 0.80% drop as well, to close at KES7,115,448.50 (or US$59,468.85).
Here's how the metrics performed on a Week-on-Week basis; that is, since last Friday's close:
1. NASI (NSE All-Share Index): -0.39%
2. CBshare price (25 counters): -0.93%*
3. NSE 25 Index: -1.02%
4. NSE 20 Index: -1.13%.
YTD, the value of a CBshare is now 7.35% lower than it was at the beginning of this year, despite recent gains. On the other hand, Unashig's market capitalization closes today 5.33% down, on a YTD basis, despite recent gains.
Thursday, August 17th, 2022.
Three out of four indices closed lower today. CBshare was the exception, having gained 0.20% to close at KES2,147.12 (or US$17.95, at the forex rate of KES119.65 per US$). Its performance placed it in the first position, as shown below:
1. CBshare price (25 counters): +0.20%*
2. NASI (NSE All-Share Index): -0.18%
3. NSE 20 Index: -0.19%
4. NSE 25 Index: -0.37%.
Unashig's market capitalization recorded a 0.20% gain as well, to close at KES7,172,702.50 (or US$59,947.37).
YTD, the value of a CBshare is now 6.61% lower, despite recent gains. Market capitalization is now 4.56% down, on a YTD basis.
Wednesday, August 17th, 2022.
Three out of four indices closed lower today. Among them was CBshare, which lost 0.44% to close at KES2,142.88 (or US$17.92, at the forex rate of KES119.59 per US$). Its performance placed it in the third position, as shown below:
1. NSE 20 Index: +0.43%
2. NASI (NSE All-Share Index): -0.27%
3. CBshare price (25 counters): -0.44%*
4. NSE 25 Index: -0.48%.
Unashig's market capitalization contracted 0.44% as well, to close at KES7,158,521.50 (or US$59,858.86).
YTD, the value of a CBshare is now 6.79% lower, despite recent gains. Market capitalization is now 4.75% down on a YTD basis.
Tuesday, August 16th, 2022.
Three out of four indices closed higher, as we see below. Among them was CBshare, which gained 0.21% to close at KES2,152.30 (or US$18.00, at the forex rate of KES119.55 per US$). It also returned to a second-place ranking.
1. NSE 25 Index: +0.36%
2. CBshare price (25 counters): +0.21%*
3. NASI (NSE All-Share Index): +0.12%
4. NSE 20 Index: -0.50%.
Unashig's market capitalization expanded 0.21% as well, to close at KES7,189,978.50 (or US$60,142.02).
YTD, the value of a CBshare is now 6.38% lower, despite recent gains. Market capitalization is now 4.33% down on a YTD basis.
Monday, August 15th, 2022.
As shown below, two indices made minor gains at today's close; while the remaining two fell. CBshare, more particularly, closed 0.10% down, at KES2,147.85 (or US$17.97 at the forex rate of KES119.50 per US$). It also dropped in ranking from second to third:
1. NSE 25 Index: +0.27%
2. NASI (NSE All-Share Index): +0.10%
3. CBshare price (25 counters): -0.10%*
4. NSE 20 Index: -0.29%.
Unashig's market capitalization contracted 0.10% as well, to close at KES7,175,135.50 (or US$60,042.97).
YTD, the value of a CBshare is now 6.58% lower, despite recent gains. Likewise, market capitalization closed 4.53% down on a YTD basis.
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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, August 8th to 12th 2022"
