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, September 29th, 2023.
CBshare (+0.32%) topped the chart today, and only it and NSE 10 Index recorded gains. This topping of the chart happens now and then, and shouldn't be surprising. Still, it helps to affirm CBshare's "competitiveness" among the metrics. Even more importantly, however, it underscores the statistical point that what 'relative trajectory' -- or velocity -- tops the 'competition' (assuming that all are endowed/equipped with evenly distributed capacities to adjust) at a given moment doesn't always/invariably stay at the top.
The price of a CBshare closed at KES1,614.92 (or US$10.90, at a forex rate of KES148.20 per US$). Here's how the indices ranked at the close:
1. CBshare price (25 counters): +0.32%*
2. NSE 10 Index: +0.02%
3. NASI: -0.08%
4. NSE 25 Index: -0.10%
5. NSE 20 Index: -0.35%.
[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].
*** KES1,614.92 (US$10.90) is CBshare's new trading price. It will hold until 5:00 PM, Monday, October 2nd, 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 recorded a 0.38% gain over yesterday's level, It closed at KES5,614,441 (or US$37,884.22, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 14.86% lower. Unashig's market capitalization is down as well (-12.50%). Market capitalization at the Nairobi Securities Exchange, as a whole, is down 24.75%, YTD.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 25.30% today. Market capitalization at the NSE, as a whole, has dipped by 42.02%.
Thursday, September 28th, 2023.
All indices closed in negative territory. CBshare (-0.73%) was fifth out of five in this downward slide. Its price closed at KES1,609.74 (or US$10.87, at a forex rate of KES148.05 per US$).
Here is how the metrics ranked:
1. NSE 20 Index: -0.21%
2. NASI: -0.43%
3. NSE 25 Index: -0.48%
4. NSE 10 Index: -0.51%
5. CBshare price (25 counters): -0.73%*.
Unashig's market capitalization closed at KES5,634,274 (or US$38,108.04, at today's forex rate). [To be updated]
Wednesday, September 27th, 2023.
SKIP: Data processing incomplete/pending.
Tuesday, September 26th, 2023.
SKIP: Data processing incomplete/pending.
Monday, September 25th, 2023.
SKIP: Data processing incomplete/pending.
READ: #Dedollarization ~ Kenya Power seeking government's help to convert a portion of its dollar-denominated debt 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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