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
Friday, October 14th, 2022.
Three indices changed course to close with relatively strong gains. CBshare was in this category, having made a 1.37% gain and closed at KES1,953.80 (or US$16.14, at a forex rate of KES121.05 per US$). However, its ranking dropped from second to third, as shown below:
1. NSE 25 Index: +2.28%
2. NSE 20 Index: +1.51%
3. CB share price (25 counters): +1.37%*
4. NASI (NSE All-Share Index): +0.86%.
KES1,953.80 is therefore the new price at which a CBshare will be traded (plus related trading charges) -- until 5:00 PM next Monday, October 17th.
Unashig's market capitalization made a 1.40% gain, to close at KES6,556,194.00 (or US$54,161.04). This was the highest point after September 28th this year.
On a Week-on-Week basis, only NSE20 dipped at the close. NASI's ranking flipped completely, from fourth to first. CBshare maintained its third-place ranking, while NSE 25 fell a notch to the second position.
YTD, the price of a CBshare closed 15.02% down, though this was an improvement. Unashig's market capitalization closed 12.77% lower, but this was an improvement as well -- unmatched since last September 28th.
Thursday, October 13th, 2022.
All four indices fell at today's close. CBshare closed 0.48% lower, at KES1,927.38 (or US$15.93, at a forex rate of KES121.00 per US$). CBshare's ranking nevertheless jumped to the second position overall, as shown below:
1. NSE 20 Index: -0.45%
2. CB share price (25 counters): -0.48%*
3. NSE 25 Index: -0.88%
4. NASI (NSE All-Share Index): -1.20% .
KES1,927.38 is therefore the new price (plus related trading charges) at which a CBshare will be traded -- until 5:00 PM tomorrow, Friday, October 14th.
Unashig's market capitalization dipped 0.45%, to close at KES6,465,592.50 (or US$53,434.65).
YTD, the price of a CBshare is 16.17% down, while Unashig's market capitalization is 13.97% lower.
Wednesday, October 12th, 2022.
A different set of three metrics closed with gains today. CBshare was the day's laggard. Foreign investors were net buyers today as well, accounting for 52.59% of total purchases, as reported by Dyer&Blair -- a Kenyan stockbroker. The price of a CBshare closed 0.03% lower, at KES1,936.60 (or US$16.00, at a forex rate of KES121.00 per US$). CBshare's ranking fell to fourth overall, as shown below:
1. NASI (NSE All-Share Index): +0.94%
2. NSE 20 Index: +0.89%
3. NSE 25 Index: +0.73%
4. CBshare price (25 counters): -0.03%*.
Unashig's market capitalization also shed 0.03%, to close the day at KES6,494,588.50 (or US$53,674.29).
YTD, the price of a CBshare is 15.76% down, while Unashig's market capitalization is 13.59% lower.
Tuesday, October 11th, 2022.
Three out of four metrics closed in positive territory today. NSE20 was the day's laggard, as it was last Friday. Foreign investors were net buyers today, accounting for 75.63% of total purchases, as reported by Dyer&Blair -- a Kenyan stockbroker. The price of a CBshare closed 1.08% higher, at KES1,937.18 (or US$16.02, at a forex rate still holding at KES120.90 per US$). CBshare's performance ranking moved a step higher to second place, as shown below:
1. NASI (NSE All-Share Index): +2.22%
2. CBshare price (25 counters): +1.08%*
3. NSE 25 Index: +0.87%
4. NSE 20 Index: -0.54%.
Unashig's market capitalization also gained 1.08%, to close the day at KES6,496,559.50 (or US$53,734.98).
YTD, the price of a CBshare is 15.74% down, while Unashig's market capitalization is 13.56% lower.
Monday, October 10th, 2022.
There was no trading this Monday, which was a national holiday -- Utamaduni Day (or Culture Day).
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....Capitalization, October 3rd to 7th, 2022."
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