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 26th, 2022.
All key indices continued with a downward trend. The price of a CBshare, more specifically, fell a further 1.01% to close at KES2,042.09 (or US$17.02, at a forex rate of KES120.00 per US$). As a result of this performance, CBshare's ranking fell from the third to the fourth position, as shown below:
1. NSE 20 Index: -0.17%
2. NSE 25 Index: -0.25%
3. NASI (NSE All-Share Index): -0.63%
4. CBshare price (25 counters): -1.01%*
Unashig's market capitalization recorded a 1.01% dip as well, to close at KES6,821,814.00 (or US$56,848.45).
On a Week-on-Week basis, here is how the four indices performed at today's close relative to each other:
1. NSE 20 Index: -1.69%
2. NSE 25 Index: -3.43%
3. CBshare price (25 counters): -4.13%*
4. NASI (NSE All-Share Index): -5.73%.
YTD, the value of a CBshare is now 11.18% lower than it was at the beginning, reflecting recent gains and losses. Unashig's market capitalization also closed lower today, at 9.23% on a YTD basis, despite recent gains.
READ: NSE shares dive despite higher corporate yearly earnings
Thursday, August 25th, 2022.
The ongoing harsh forex regime continues to impact quite negatively on share prices at the NSE. The flight of foreign investors and the attendant weakening of the shilling are dampening buyers' enthusiasm, as we see in weakening indices. Still, this steep dip is a great buying opportunity for savvy, long-term investors -- particularly when quoted companies are posting generally positive returns, as we see now. Unashig shareholders should certainly be ahead of the curve.
All key indices declined today at the close, as already implied. The price of a CBshare fell a further 1.11% to close at KES2,062.89 (or US$17.19, at a forex rate of KES120.00 per US$, which is certainly the lowest this year). As a result of this performance, CBshare's ranking fell from the second to the third position:
1. NSE 20 Index: -0.38%
2. NSE 25 Index: -0.64%
3. CBshare price (25 counters): -1.11%*
4. NASI (NSE All-Share Index): -1.26%.
Unashig's market capitalization recorded a 1.11% dip as well, to close at KES6,891,297.00 (or US$57,427.48).
YTD, the value of a CBshare is now 10.27% lower than it was at the beginning of this year, reflecting recent gains and losses. Unashig's market capitalization closed lower today, at 8.31% on a YTD basis, despite recent gains.
READ: NSE shares dive despite higher corporate yearly earnings
Wednesday, August 24th, 2022.
Only one of the key indices (NSE20) closed higher today. The rest continued to dip at today's close, as the list below shows. The price of a CBshare fell a further 0.21% to close at KES2,086.10 (or US$17.39, at a debilitating forex rate of KES119.95 per US$). Despite this performance, however, CBshare's ranking maintained the second position that it held on Tuesday.
1. NSE 20 Index: +0.29%
2. CBshare price (25 counters): -0.21%*
3. NSE 25 Index: -0.85%
4. NASI (NSE All-Share Index): -1.27%.
Unashig's market capitalization recorded a 0.21% drop as well, to close at KES6,968,843.50 (or US$58,097.90).
YTD, the value of a CBshare is now 9.26% lower than it was at the beginning of this year, reflecting recent gains and losses. Unashig's market capitalization closed lower today, at 7.28%, on a YTD basis, despite recent gains.
Tuesday, August 23rd, 2022.
The downward slide continued across the key indices at today's close, as the list below shows. The price of a CBshare fell a further 0.91% to close at KES2,090.58 (or US$17.44, at the forex rate of KES119.85 per US$). Despite this performance, however, CBshare's ranking rose from third to second:
1. NASI (NSE All-Share Index): -0.83%
2. CBshare price (25 counters): -0.91%*
3. NSE 20 Index: -0.95%
3. NSE 25 Index: -0.95%.
Unashig's market capitalization recorded a 0.91% drop as well, to close at KES6,983,827.00 (or US$58,271.40).
YTD, the value of a CBshare is now 9.07% lower than it was at the beginning of this year, reflecting recent gains and losses. Unashig's market capitalization closed lower today, at 7.08%, on a YTD basis, despite recent gains.
Monday, August 22nd, 2022.
All four key indices showed a continued decline at today's close. The price of a CBshare fell 0.95% to close at KES2,109.70 (or US$17.60, at a weaker forex rate of KES119.85 per US$). Despite this performance, however, CBshare remained in the same third position as it held at last Friday's close, as we see below:
1. NSE 20 Index: -0.49%
2. NSE 25 Index: -0.79%
3. CBshare price (25 counters): -0.95%*
4. NASI (NSE All-Share Index): -1.87%.
Unashig's market capitalization recorded a 0.95% dip as well, to close at KES7,047,676.50 (or US$58,804.14).
YTD, the value of a CBshare is now 8.23% lower than it was at the beginning of this year, reflecting recent gains and losses. On the other hand, Unashig's market capitalization closed today 6.23% down, on a YTD basis, despite recent gains.
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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 three active 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 15th to 19th 2022"
