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 6th, 2023.
The metrics declined across the board on this last day of the trading week. NSE 20 Index (-0.86%) stayed at the top of the performance list, regardless. CBshare (-1.61%) closed a step higher -- in fourth position -- at a lower price per share of KES1,607.61 (or US$10.81, at a forex rate unchanged at KES148.70 per US$). Here's how the usual indices ranked:
1. NSE 20 Index: -0.86%
2. NSE 10 Index: -1.17%
3. NSE 25 Index: -1.20%
4.CBshare price (25 counters): -1.61%*
5. NASI: -1.69%.
[NOTE: As of August 3rd, 2023, and going back many months, a total of 56 active counters could be tracked on NSE's electronic Trading Floor-cum-Platform. In updating the count, Unashig excluded the following seven counters due to their lack of detectable, or regular, activity on the platform: Homeboyz, Uchumi, KPLC (two Preference Share categories), Kurwitu, Kenya Airways, and Mumias Sugar Company. Some of them are officially suspended].
*** KES1,607.61 (US$10.81) is CBshare's new trading price. This will hold until 5:00 PM, Monday, October 9th, 2023. As is the practice at the Nairobi Securities Exchange (NSE), 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 shrank by 1.61% as well. It closed at KES5,589,043 (or US$37,586.03, at today's rate).
YTD (Year-To-Date), the price of a CBshare has fallen by 15.256%. Unashig's market capitalization has dipped as well (-12.89%), over the same period. NSE's market capitalization is down even more steeply (-25.76%).
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down further (-25,64%) today. NSE's market capitalization has weakened further as well (-42.80%).
Thursday, October 5th, 2023.
Only one index, NSE 20 Index (+0.11%), closed in positive territory today. CBshare (-0.68%) was fifth out of five at the end of trading, at a price per share of KES1,633.90 (or US$10.99, at the forex rate of KES148.70 per US$). The five indices ranked as follows:
1. NSE 20 Index: +0.11%
2. NSE 25 Index: -0.06%
3. NSE 10 Index: -0.26%
4. NASI: -0.35%
5.CBshare price (25 counters): -0.68%*.
Unashig's market capitalization contracted by 0.68% as well. It closed at KES5,680,449 (or US$38,200.73, at today's rate).
YTD (Year-To-Date), the price of a CBshare has fallen by 13.86%. Unashig's market capitalization has fallen as well (-11.47%) over the same period. NSE's market capitalization is down even more steeply (-24.75%).
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is significantly down (-24.42%) today. NSE's market capitalization has weakened further (-42.02%).
Wednesday, October 4th, 2023.
Four out of five indices showed some gains today. CBshare (+1.58%) topped the performance list yet again. It closed at a price per share of KES1,645.02 (or US$11.09, at the forex rate of KES148.40 per US$). The five metrics ranked as follows:
1. CBshare price (25 counters): +1.58%*
2. NSE 10 Index: +0.79%
3. NSE 25 Index: +0.42%
4. NASI: +0.13%
5. NSE 20 Index: -0.21%
Unashig's market capitalization recorded a 1.58% gain as well. It closed at KES5,719,104 (or US$38,538.44, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 13.28% lower. Unashig's market capitalization is down as well (-10.87%) over the same period. NSE's market capitalization is down even more steeply (-24.24%).
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 23.9% today. Compared to Tuesday's results, market capitalization at the NSE as a whole is unchanged at - 41.63%.
Tuesday, October 3rd, 2023.
All but one index fell more than was noted yesterday. CBshare (0.00%) topped the performance list, as we see below, by remaining essentially unchanged. Its price closed at KES1,619.45 (or US$10.91, at the forex rate of KES148.40 per US$):
1. CBshare price (25 counters): 0.00%*
2. NASI: -0.24%
3. NSE 25 Index: -0.30%
4. NSE 20 Index: -0.41%
5. NSE 10 Index: -0.70%.
Unashig's market capitalization recorded a 0.28% gain as well. It closed at KES5,630,388 (or US$37,953.06, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 14.62% lower. Unashig's market capitalization is down as well (-12.25%) over the same period. NSE's market capitalization is down even more steeply (-41.63%).
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is unchanged at -25.09% today. Market capitalization at the NSE, as a whole, is also unchanged at - 41.63%.
Monday, October 2nd, 2023.
All 5 indices ticked up for a change. NSE 25 (+0.38%) closed at the top, followed, as we see below, by NASI and CBshare respectively. The price of a CBshare closed at KES1,619.49 (or US$10.92, at a forex rate of KES148.35 per US$):
1. NSE 25 Index: +0.38%
2. NASI: +0.34%
3. CBshare price (25 counters): +0.28%*
4. NSE 10 Index: +0.24%
5. NSE 20 Index: +0.19%.
Unashig's market capitalization recorded a 0.28% gain as well. It closed at KES5,630,388 (or US$37,953.06, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 14.62% lower. Unashig's market capitalization is down as well (-12.25%) over the same period
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization shows minor improvement, though at -25.09% today. Market capitalization at the NSE, as a whole, also shows some easing despite closing at - 41.63%.
READ: #Dedollarization ~ Kenya Power seeking government's help to convert a portion of its dollar-denominated debt to to Kenya shillings.
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, August 21st to August 25th 2023"
#NSE #CDSC #NairobiSecuritiesExchange #CBshare #StockTrading #MarketCapitalization #OnlineTrading #MarketValue #ThePeggingPrinciple #NSE20Index #NSE25Index
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