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, January 20th, 2023.
All indices closed higher for the second day in a row, but only one with a gain greater than one percentage point. CBshare closed 0.71% higher, at a price per share of KES1,858.75 (or US$14.98, at a weaker forex rate of KES124.10 per US$). However, as we see below, its performance ranking dropped from the second position to the third:
1. NASI (NSE All-Share Index): +1.69%
2. NSE 25 Index: +0.86%
3. CBshare price (25 counters): +0.71%*
4. NSE 20 Index: +0.06%.
KES1,858.75 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be sold -- until 5:00 PM next Monday, January 23rd, 2023.
Unashig's market capitalization also made gains (+0.68%), to close at KES6,324,611.00 (or US$50,963.83).
YTD, the price of a CBshare has depreciated by -2.01%. On the other hand, Unashig's market capitalization has fallen by -1.43%, YTD.
Thursday, January 19th, 2023.
All indices closed higher today, three of them with greater than one percentage-point gains. But NSE20 Index (+0.18) tumbled to the fourth position. CBshare closed 1.34% higher, at a price per share of KES1,845.63 (or US$14.88, at the forex rate of KES124.05 per US$). It jumped from the third to the second position.
Here's today's performance ranking:
1. NASI (NSE All-Share Index): +2.37%
2. CBshare price (25 counters): +1.34%*
3. NSE 25 Index: +1.19%
4. NSE 20 Index: +0.18%.
Unashig's market capitalization also made gains (+1.34%), to close at KES6,281,806.00 (or US$50,639.31).
YTD, the price of a CBshare has dropped (-2.70%). In turn, Unashig's market capitalization has fallen -2.10%, YTD.
Wednesday, January 18th, 2023.
In a downward-trending market, NSE20 Index (-0.57%) continued to lead the pack in terms of "resilience" -- contestable as that term might be. CBshare closed 0.70% down; but this was enough to bring it back to the second position, despite its price per share dropping to KES1,821.19 (or US$14.69, at the forex rate of KES123.97 per US$).
Here's how the indices ranked:
1. NSE 20 Index: -0.57%
2. CBshare price (25 counters): -0.70%*
3. NSE 25 Index: -0.76%
4. NASI (NSE All-Share Index): -1.08%.
Unashig's market capitalization contracted as well (-0.67%), to close at KES6,193,140.00 (or US$49,956.76).
YTD, the price of a CBshare has dropped (-3.99%). Unashig's market capitalization has, in turn, lost 3.48% in value, YTD.
Tuesday, January 17th, 2023.
It was a case of "more of the same", as the indices continued to slide at the bourse. One key culprit "behind the scenes" is the sliding Kenyan Shilling (KES). And one obvious trend behind all that is that the US$ is "killing it" -- killing KES -- even as hands continue to wring. A number of factors explain the continuing rout. We will not get into them here.
But, amidst all the rout, NSE20 Index continues, so to speak, to outperform within the local market. It closed at the top yet again -- with and despite a -0.33% performance. Yesterday it was at -0.03%. CBshare dropped from second to third (-0.78%), as we see below, with a lower price per share of KES1,834.10 (or US$14.80, at the day's forex rate of KES123.95 per US$).
Here's how the metrix ranked today:
1. NSE 20 Index: -0.33%
2. NSE 25 Index: -0.68%
3. CBshare price (25 counters): -0.78%*
4. NASI (NSE All-Share Index): -1.06%.
KES1,834.10 is the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now be sold -- until 5:00 PM tomorrow, Wednesday, January 18th 2023.
Unashig's market capitalization contracted (-0.70%) as well, to close at KES6,235,224.50 (or US$50,304.25).
YTD, the price of a CBshare has dipped by 3.31%. Unashig's market capitalization has, in turn, lost 2.82% in value. Nairobi Securities Exchange (NSE), as a whole and as a distinct entity, has continued to drag, compared with the respective indices.
READ: Rufus Mwanyasi's piece: "Are private equity returns believable?"
on the presumed advantage of certain alternative investment avenues or vehicles.
Monday, January 16th, 2023.
The downward slide, across the board, which we have been witnessing since last Thursday, continued unabated today. Even in that decline, NSE20 Index outperformed the rest by being the least "fallen" (-0.03%). CBshare jumped from fourth last Friday to second (-0.31%), with a price per share of KES1,847.03 (or US$14.91, at the day's forex rate of KES123.90 per US$). Here's how the usual four indices ranked today:
1. NSE 20 Index: -0.03%
2. CBshare price (25 counters): -0.31%*
3. NSE 25 Index: -0.61%
4. NASI (NSE All-Share Index): -1.05%.
Unashig's market capitalization contracted (-0.13%) as well, to close at KES6,279,194.00 (or US$50,679.53).
YTD, the price of a CBshare has dipped by 2.63%. Unashig's market capitalization has, in turn, lost 2.14% in value. Nairobi Securities Exchange (NSE) has continued to decline, compared with the respective indices. More specifically, it has declined by 29.68% on a YTD basis -- to close at a capitalization level recently stuck at KES1.90 trillion.
READ: Inflation wipes out returns on fixed deposits accounts (December 15, 2022)
READ: History of NSE
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.
READ: The Core Business of Unashig Kenya PLC.
FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: " UNASHIG's Share Price and....Capitalization, January 9th to 13th 2023 "
BOOK LINK: Rock of the Boat
NOTE: 1) Buy and Read the eBook Edition of Rock of the Boat Using a Free Kindle eBook App: Tap or Click on This Link To Download the Free eBook App
2) Alternatively, with a current subscription to Amazon Kindle Unlimited, you can download to your E-Reader, for free, a complete copy of Rock of the Boat.
