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 26th, 2023.
The week closed with all metrics garnering gains, as the list below shows. CBshare led the pack with a 0.60% lift, to close the day, and week, at KES1,605.11 (or US$11.60, at a forex rate of KES138.35 per US$). Yesterday's leading index, NSE 20, closed in third position. It was displaced from the top perch by CBshare:
1. CBshare price (25 counters): +0.60%*
2. NSE 25 Index: +0.55%
3. NSE 20 Index: +0.49%
4. NASI (NSE All-Share Index): +0.27%.
*** KES1,605.11 is the new price at which a CBshare will now sell -- until 5:00 PM, Friday, May 26th, 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 also recorded a 0.60% gain, to close at KES5,551,455.50 (or US$40,126.17 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved somewhat, even though it still closed in the negative (-15.38%). Unashig's market capitalization also recorded minor improvement, though it still closed in the negative (-13.48%). However, market capitalization at the Nairobi Securities Exchange, as a whole, stayed put at -22.73%, YTD, with a valuation of KES1.53 trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization crawled upward, with a reduced loss of -26.14%, compared to Wednesday (-26.58%). Market capitalization at the NSE as a whole remained unchanged, however, at -40.47% (or KES1.53 trillion).
Thursday, May 25th, 2023.
Thursday closed with only NSE 20 Index posting some gains (+0.32%). Furthermore, it remained in the top position for the second day in a row. The price of a CBshare lost some lift (-0.12%) in the day's churn, ending at KES1,595.51 (or US$11.54, at a forex rate of KES 138.30 per US$). Nevertheless, it also retained its position 2 placing.
Here below is today's ranking:
1. NSE 20 Index: +0.32%
2. CBshare price (25 counters): -0.12%*
3. NASI (NSE All-Share Index): -0.90%
4. NSE 25 Index: -0.92%.
Unashig's market capitalization dipped by 0.12% as well, to close at KES5,518,254.00 (or US$39,900.61 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare fell further, to -15.89%. Unashig's market capitalization also fell a little further, closing at -14.00%. Market capitalization at the Nairobi Securities Exchange, as a whole, dipped to -22.73%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization recorded yet more loss (-26.58%), compared to Wednesday (-26.49%). Market capitalization at the NSE as a whole also contracted (to -40.47%), closing at KES1.53 trillion.
Wednesday, May 24th, 2023.
Once again, all metrics closed higher -- into positive territory. The price of a CBshare spiked noticeably to a 1.11% gain, to close at KES1,597.39 (or US$11.57, at a new/ worse forex rate of KES138.10 per US$. Its ranking consequently rose one notch, from third to second. NSE 20 Index led the pack for the day, however, closing with a 1.37% gain. Here below is today's ranking:
1. NSE 20 Index: +1.37%
2. CBshare price (25 counters): +1.11%*
3. NSE 25 Index: +1.09%
4. NASI (NSE All-Share Index): +0.59%.
Unashig's market capitalization rose by 1.11% as well, to close at KES5,524,757.00 (or US$40,005.48 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare improved today, but still remained with a 15.79% loss. Unashig's market capitalization closed at -13.89%, which was nearly a one percentage point improvement from Tuesday. However, market capitalization at the Nairobi Securities Exchange, as a whole, remained static at -22.22%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization recorded a narrower loss of 26.49%, compared to the previous day (-27.30%). In comparison, today's market capitalization at the NSE as a whole remained unchanged, at a 40.08% loss level, closing unchanged as it did, at KES1.54 trillion.
Tuesday, May 23rd, 2023.
All but one index remained on a downward slope. The price of a CBshare dropped by a further 0.45% to close at KES1,579.90 (or US$11.47, at a static forex rate of KES137.80 per US$). However, it maintained its third position in the ranking, as shown below:
1. NASI (NSE All-Share Index): +0.24%
2. NSE 20 Index: -0.37%
3. CBshare price (25 counters): -0.45%*
4. NSE 25 Index: -0.78%.
Unashig's market capitalization fell by 0.45% as well, to close at KES5,464,245.00 (or US$39,653.45 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened to -16.71%. Unashig's market capitalization closed at -14.84%. Market capitalization at the Nairobi Securities Exchange, as a whole, improved a little to close at -22.22%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization recorded a 27.30% loss. In comparison, today's market capitalization at the NSE as a whole eased some, to -40.08%, closing as it did at KES1.54 trillion.
Monday, May 22nd, 2023.
Monday closed with all four indices on a downward slope. The price of a CBshare dropped by 0.97% to close at KES1,587.07 (or US$11.52, at a forex rate of KES137.80 per US$).
Here's how the indices ranked:
1. NSE 20 Index: -0.43%
2. NASI (NSE All-Share Index): -0.78%
3. CBshare price (25 counters): -0.97%*
4. NSE 25 Index: -1.16%.
Unashig's market capitalization fell by 0.97%, to close at KES5,489,053.50 (or US$39,833.48 at today's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened by 16.33%. Unashig's market capitalization also weakened by 14.45%. Market capitalization at the Nairobi Securities Exchange, as a whole, also declined further to -22.73%, YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization recorded a 26.97% loss. In comparison, today's market capitalization at the NSE as a whole weakened further, to -40.47%, closing at KES1.53 trillion.
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 15th to May 19th 2023"
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