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, January 6th, 2023.
CBshare closed this first trading week of 2023 at the top of the list, with a 0.46% gain in price, at KES1,902.05 (or US$15.39, at a marginally improved forex rate of KES123.60 per US$). Here's how the four indices ranked today:
1. CBshare price (25 counters): +0.46%*
2. NSE 20 Index: +0.34%
3. NSE 25 Index: +0.20%
4. NASI (NSE All-Share Index): -0.37%.
KES1,902.05 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be sold -- until 5:00 PM, Monday, January 9th, 2023.
Unashig's market capitalization also made a 0.46%% gain in value, to close at KES6,443,410.50 (or US$52,131.15). The KES gain registered today represents the highest point since November 18th, 2022.
On a Year-to-Date (YTD) basis -- that is, since 2023 trading started on January 3rd -- CBshare has made a 0.29% gain in price. Unashig's market capitalization has, on the other hand, registered a relatively higher gain of 0.42%, YTD. In contrast, the market capitalization of the Kenyan bourse (NSE) has declined by 27.09%, YTD.
Thursday, January 5th, 2023.
NSE 20 Index continued to top the list, with another gain of 0.82% at the close. CBshare's ranking fell to the fourth position, despite a 0.05% price gain. It closed at KES1,893.41 (or US$15.31, at weaker forex rate of KES123.66 per US$). Here's today's ranking:
1. NSE 20 Index: +0.82%
2. NSE 25 Index: +0.59%
3. NASI (NSE All-Share Index): +0.30%
4. CBshare price (25 counters): +0.05%*.
Unashig's market capitalization also made a 0.05%% gain in value, to close the trading day at KES6,414,121.50 (or US$51,869.01).
On a Year-to-Date (YTD) basis -- that is, since 2023 trading started on January 3rd -- CBshare's price has declined by -0.18%. On the other hand, Unashig's market capitalization is now down by noticeably less YTD -- that is, -0.03%.
Wednesday, January 4th, 2023.
NSE 20 Index, with a gain of 0.62%, displaced NSE 25 in the first spot at the close of this second trading day of 2023. CBshare's ranking fell to the third position, having shed 0.29% of its price to close at KES1,892.44 (or US$15.32, at the day's forex rate of KES123.55 per US$). Here's how the four indices lined up:
1. NSE 20 Index: +0.62%
2. NSE 25 Index: -0.28%
3. CBshare price (25 counters): -0.29%*
4. NASI (NSE All-Share Index): -0.31%.
Unashig's market capitalization fell 0.15%% in value, to close at KES6,410,857.00 (or US$51,888.77).
On a Year-to-Date (YTD) basis; that is, since 2023 trading started on January 3rd, CBshare's price has declined by 0.23%. On the other hand, Unashig's market capitalization has dipped by only 0.08% YTD.
Tuesday, January 3rd, 2023.
[There was no trading yesterday since Monday, January 2nd, was a public holiday]
NSE 25 Index closed this first trading day of the new year at the top, with its performance recording a 0.15% gain. CBshare's ranking improved as well, from third to second, having closed with a 0.06% gain, and a price per share of KES1,898.03 (or US$15.37, at the day's forex rate of KES123.50 per US$). Here's how the four indices stacked up:
1. NSE 25 Index: +0.15%
2. CBshare price (25 counters): +0.06%*
3. NSE 20 Index: -0.04%
4. NASI (NSE All-Share Index): -0.10%.
Unashig's market capitalization gained 0.06% in value as well, to close at KES6,420,305.00 (or US$51,986.28). This is still lower than the level recorded on November 21st, 2022.
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, December 28th to 30th, 2022. "
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