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, July 21st, 2023.
This last trading day of the week closed with all four indices in the negative, just as we have seen since Tuesday. As shown below, the downward slide today was on the whole less steep across the board than we saw yesterday and on Wednesday. CBshare (-0.17%) retained its position at the top of the ladder, while the other three metrics swapped places. CBshare closed the week at KES1,805.77 (or US$12.73, at a weaker forex rate of KES141.85 per US$):
1. CBshare price (25 counters): -0.17%*
2. NASI (NSE All-Share Index): -0.23%
3. NSE 25 Index: -0.28%
4. NSE 20 Index: -0.38%.
*** KES1,805.77 (US$12.73) is CBshare's new trading price. This will hold until 5:00 PM, Monday, July 24th, 2023. As is the practice at the Nairobi 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 weakened today (-0.17%), to KES6,252,677.50 (or US$44,079.50, at the day's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare fell yet again today (-4.80%), compared to -4.64% yesterday. Unashig's market capitalization also dropped (-2.55%), YTD, compared to yesterday's level (-2.38%). However, market capitalization at the Nairobi Securities Exchange, as a whole, was unchanged (-12.63%), YTD.
Looking farther back to end-of-year 2021 -- when Unashig's valuation closed at KES7,515,735.50 -- Unashig's market capitalization closed even lower today (-16.81%), compared to -16.66% yesterday. Longer-term market capitalization at the NSE as a whole was unchanged at today's close (-32.68%). The stock market's valuation remained unchanged today as well, at KES1.73 trillion.
Thursday, July 20th, 2023.
The downward slide continued today across all four metrics, as we see below. NSE 25 Index (-0.68%) slipped from first to fourth in the ranking. On the other hand, CBshare (-0.41%) jumped from third to first in the ranking. It closed at KES1,808.89 (or US$12.76, at a steady forex rate of KES141.75 per US$):
1. CBshare price (25 counters): -0.41%*
2. NSE 20 Index: -0.51%
3. NASI (NSE All-Share Index): -0.65%
4. NSE 25 Index: -0.68%.
Unashig's market capitalization shrank further today (-0.44%), to KES6,263,468/- (or US$44,186.72, at the day's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened today (-4.64%), compared to -4.21% yesterday. In turn, Unashig's market capitalization fell (-2.38%), compared to yesterday's level (-1.95%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, also fell (-12.63%), compared to yesterday's level of -12.12%, YTD.
Looking farther back to end-of-year 2021 -- when Unashig's valuation closed at KES7,515,735.50 -- Unashig's market capitalization contracted even further today, closing at -16.66%, compared to -16.29% yesterday. Longer-term market capitalization at the NSE as a whole fell further today (-32.68%), compared to -32.30% yesterday. The stock market's valuation dropped further to KES1.73 trillion at today's close.
Wednesday, July 19th, 2023.
All four indices tracked here closed this day in the negative, for the second day this week. As we see below, NSE 25 Index (-0.76%) displaced NSE20 Index (-0.82%) at the top of the ladder, with the latter settling for second place. CBshare (-0.85%) retained its third-place ranking, closing also at KES1,816.39 (or US$12.82, at the weaker forex rate of KES141.75 per US$):
1. NSE 25 Index: -0.76%
2. NSE 20 Index: -0.82%
3. CBshare price (25 counters): -0.85%*
4. NASI (NSE All-Share Index): -1.18%.
Unashig's market capitalization dipped further today (-0.82%), to KES6,291,184.50 (or US$44,382.25, at the day's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened today (-4.21%), compared to -3.42% yesterday. Unashig's market capitalization consequently fell to -1.95%, compared to yesterday's level (-1.13%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, also fell (-12.12%), compared to yesterday's level of -11.11%, YTD.
Looking farther back to end-of-year 2021 -- when Unashig's valuation closed at KES7,515,735.50 -- Unashig's market capitalization contracted even further today, closing at -16.29% compared to -15.60% yesterday. Longer-term market capitalization at the NSE as a whole fell further today (-32.30%), compared to -31.52% yesterday. Instructively, the stock market's valuation dropped to KES1.74 trillion today.
Tuesday, July 18th, 2023.
In terms of percentage change, it was a downward slide for all the indices at today's close. NSE 20 Index (-0.30%) nevertheless retained the top position, while NSE 25 Index (-0.89%) stayed in second place, as we see in the performance ladder below. CBshare (-0.96%) rose from the fourth rung to the third, closing at KES1,832/- (or US$12.94, at the still falling forex rate of KES141.60 per US$):
1. NSE 20 Index: -0.30%
2. NSE 25 Index: -0.89%
3. CBshare price (25 counters): -0.96%*
4. NASI (NSE All-Share Index): -1.79%.
*** KES1,832/- (US$12.94) is CBshare's new trading price. This will hold until 5:00 PM, Wednesday, July 19th, 2023. As is the practice at the Nairobi 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 declined today (-0.96%) as well, to KES6,343,510.50 (or US$44,798.80, at the day's forex rate).
On a YTD (Year-To-Date) basis, the price of a CBshare weakened today (-3.42%), compared to -2.48% yesterday. Unashig's market capitalization declined relatively steeply today (-1.13%), compared to yesterday's closing mark (-0.17%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, dropped further (-11.11%), YTD, compared to yesterday's level (-9.09%).
Looking farther back to end-of-year 2021 -- when Unashig's valuation closed at KES7,515,735.50 -- Unashig's market capitalization challenges got worse today, closing at -15.60%, compared to -14.77% yesterday. Longer-term market capitalization at the NSE as a whole weakened today to -31.52%, compared to -29.96% yesterday. Instructively, the stock market's valuation dropped to KES1.76 trillion today.
Monday, July 17th, 2023.
All metrics closed in positive territory today, as compared to only one last Friday. However, there was a 'scrambling' of performance ranks yet again, involving three indices. As pointed out on several occasions, it is difficult for any of the four metrics to maintain the same rate of gain, certainly not within the same market (such as the NSE), day in-day out -- either 'internally' (i.e. 'within itself') or comparatively. It is particularly challenging to do so internally.
As shown on the ranking list below, NSE 20 Index (+1.31%) -- which closed at number two last Friday -- returned to the number one spot today, after a seven-day absence. CBshare (+0.81%) dropped from first place last Friday to fourth today. It closed this Monday at KES1,849.84 (or US$13.07, at the forex rate of KES141.55 per US$):
1. NSE 20 Index: +1.31%
2. NSE 25 Index: +1.30%
3. NASI (NSE All-Share Index): +0.96%
4. CBshare price (25 counters): +0.81%*.
*** KES1,849.84 (US$13.07) is CBshare's new trading price. This will hold until 5:00 PM, Tuesday, July 18th, 2023. As is the practice at the Nairobi 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 closed notably higher today (+0.81%) as well, at KES6,405,290/- (or US$45,251.08, at the day's forex rate). This is the second highest level since March 7th, 2023, when it closed at KES6,423,653/-.
On a YTD (Year-To-Date) basis, the price of CBshare continued improve. It closed at -2.48%, compared to Friday's level (-3.26%). Unashig's market capitalization made an even more noteworthy recovery (-0.17%), compared to last Friday's closing mark (-0.97%), YTD. Market capitalization at the Nairobi Securities Exchange, as a whole, improve by roughly one percentage point (-9.09%), compared to Friday's closing level (-10.10%), in YTD terms.
Looking farther back to end-of-year 2021 -- when Unashig's valuation closed at KES7,515,735.50 -- the company's market capitalization challenges were eased further today, closing as it did at -14.77%), compared to -15.46% on Friday. Long-running market capitalization weakness at the NSE as a whole eased very marginally today (-29.96%), compared to Friday's level (-30.74%). It is noteworthy that the stock market's valuation 'improved' to KES1.80 trillion at today's close.
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, July 10th to July 14th 2023"
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