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, May 19th, 2023.
Only Nairobi All Share Index (NASI) recorded a gain (+0.18%) today -- indeed, despite the bourse's market capitalization remaining steady at KES1.54 trillion today. Consequently, its ranking rebounded from fourth place yesterday to first today. The price of a CBshare fell, but less steeply (-0.18%) than we saw yesterday, to close at KES1,602.69 (or US$ 11.64, at a forex rate of KES137.65 per US$, itself representing a further 0.11% depreciation today).
Here's how the indices ranked today:
1. NASI (NSE All-Share Index): +0.18%
2. CBshare price (25 counters): -0.18%*
3. NSE 20 Index: -0.51%
4. NSE 25 Index: -0.52%.
*** KES1,602.69 is the new price at which a CBshare will sell -- until 5:00 PM, Monday, May 22nd, 2023. As is the practice at the bourse (and in keeping with Unashig's pegging principle), a buyer will need to add to the stated price the standard stock trading charges that apply at the NSE -- that is, 3.55% of the price of each CBshare bought (up to 9 CBshares in one day's transaction).
Unashig's market capitalization dipped by 0.22%, to close at KES5,543,090.00 (or US$40,269.45 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened by 15.51%. Unashig's market capitalization also dipped to -13.61%. Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged at -22.22%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed at -26.25%. In comparison, today's market capitalization at the NSE as a whole remained unchanged at -40.08% over the indicated period.
Thursday, May 18th, 2023.
All indices fell today, as NSE's market capitalization dropped to KES 1.54 trillion. The price of a CBshare dipped by 0.77% to close at KES1,605.62 (or US$ 11.68, at a forex rate of KES137.50 per US$).
Here's how the indices ranked today:
1. NSE 20 Index: -0.52%
2. CBshare price (25 counters): -0.77%*
3. NSE 25 Index: -0.83%
4. NASI (NSE All-Share Index): -1.64%.
Unashig's market capitalization also fell by 0.77%, to close at KES5,555,210.00 (or US$40,386.98 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened to -15.35%. Unashig's market capitalization also dipped to -13.45%. Market capitalization at the Nairobi Securities Exchange, as a whole, dropped to -22.22%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed at -26.11%. In comparison, today's market capitalization at the NSE as a whole closed with a 40.08% cumulative loss over the indicated period.
Wednesday, May 17th, 2023.
NSE's market capitalization recorded yet another spike today, rising from KES1.51 trillion yesterday to KES1.56 trillion at today's close. All indices closed in positive territory as well. As shown below, each metric also retained the same ranking as it posted yesterday. Thus, NASI led the pack of four, with a 3.26% appreciation.
The price of a CBshare jumped a further 1.19% (on top of yesterday's 2.03%), to close the day's trading at KES1,618.13 (or US$ 11.78, at a still deteriorating forex rate of KES137.39 per US$).
Here's today's ranking:
1. NASI (NSE All-Share Index): +3.26%
2. NSE 25 Index: +1.80%
3. CBshare price (25 counters): +1.19%*
4. NSE 20 Index: +0.58%.
Unashig's market capitalization also grew by 1.19%, to close at KES5,596,463.50 (or US$40,734.14 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare eased to a negative 14.69%. Unashig's market capitalization also dipped, but, at -12.78%, with some moderation. Market capitalization at the Nairobi Securities Exchange, as a whole, closed with a reduced negative of -21.21%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed the day with a mitigated loss (-25.54%). In comparison, today's market capitalization at the NSE as a whole fell to a 39.30% cumulative loss over the indicated period.
Tuesday, May 16th, 2023.
NSE's market capitalization jumped from KES1.45 trillion yesterday to KES1.51 trillion at today's close. All indices went higher as well, in tandem with it. NASI led the pack of four with a 4.06% gain, consequently seeing its ranking jump from fourth to first. The price of a CBshare rose by 2.03%, closing the day's trading at KES1,599.16 (or US$ 11.66, at the forex rate of KES137.10 per US$). Its ranking dropped from first to third, as shown below:
1. NASI (NSE All-Share Index): +4.06%.
2. NSE 25 Index: +2.49%
3. CBshare price (25 counters): +2.03%*
4. NSE 20 Index: +0.47%.
Unashig's market capitalization also grew by 2.03%, to close at KES5,530,875.50 (or US$40,341.91 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare declined less steeply, by -15.69%. Unashig's market capitalization also dropped (by -13.80%). Market capitalization at the Nairobi Securities Exchange, as a whole, remained in the negative (-23.74%, corrected), YTD, even though it closed at KES1.51 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed this Tuesday with a further reduced loss (-26.41%). In comparison, today's market capitalization at the NSE as a whole translated to a 41.25% cumulative loss during the indicated period of roughly 17 months.
Monday, May 15th, 2023.
All but one index continued to fall today. It is CBshare that bucked the trend, closing the day's trading with a minor (+0.04%) price gain, at KES1,567.41 (or US$ 11.44, at the forex rate of KES137.05 per US$). This placed it at the top of today's performance hierarchy, as shown below:
1. CBshare price (25 counters): +0.04%*
2. NSE 25 Index: -0.24%
3. NSE 20 Index: -0.32%
4. NASI (NSE All-Share Index): -0.58%.
Unashig's market capitalization also grew by 0.04%, to close at KES5,421,049.50 (or US$39,555.27, at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare declined today by -17.40%. Unashig's market capitalization also dropped (by -15.51%). Market capitalization at the Nairobi Securities Exchange, as a whole, dropped steeply to KES1.45 trillion, representing a -26.77% contraction, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization closed this Monday with a slightly reduced loss (-27.87%). In comparison, today's market capitalization at the NSE as a whole translates to a 43.58% cumulative loss during the indicated period of roughly 17 months.
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.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: " UNASHIG's Share Price and....Capitalization, May 9th to May 12th 2023"
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