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, March 17th, 2023.
CBshare fell further today (-2.58%), to close at KES1,648.17 (or US$12.68, at the forex rate of KES129.80 per US$). On its part, the forex rate fell a further 0.15% since Thursday. The other three indices retreated as well, as we see below. Despite all that, CBshare retained its ranking at position two for the third day in a row:
1. NSE 20 Index: -1.92%
2. CBshare price (25 counters): -2.58%*
3. NASI (NSE All-Share Index): -3.18%
4. NSE 25 Index: -3.20%.
*** KES1,648.17 is the new price at which a CBshare will sell -- until 5:00 PM Monday, March 20th, 2023. As usual, however, a buyer will need to add to that price the standard stock-market trading charges that apply -- that is, 3.55% of the price of up to 9 shares -- and in keeping with Unashig's pegging principle.
Unashig's market capitalization was stuck in the same downward slide as CBshare (-2.58%). It closed at KES5,692,125.00 (or US$43,785.58, at the prevailing forex rate). This is a new low in nearly three years.
YTD (Year-To-Date), the price of a CBshare fell by 13.11%; while Unashig's market capitalization dropped by 11.29%, YTD.
The market capitalization of Nairobi Securities Exchange (the Bourse as a whole) shrank by 18.69%, YTD, having closed at KES1.61 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization reveals a 24.26% fall. On the other hand, NSE's market capitalization has shrunk by 37.35% since then, which reflects the level, indicated above, to which NSE's valuation has now fallen.
Thursday, March 16th, 2023.
CBshare continued south yet again (-2.16%), to close at KES1,691.78 (or US$13.03, at the forex rate of KES129.80 per US$). The other three indices headed in the same direction, but, as seen below, on different slopes. CBshare nevertheless retained its ranking at position two:
1. NSE 20 Index: -1.88%
2. CBshare price (25 counters): -2.16%*
3. NSE 25 Index: -2.95%
4. NASI (NSE All-Share Index): -3.44%.
*** KES1,691.78 is the new price at which a CBshare will sell -- until 5:00 PM Friday, March 17th, 2023. As usual, however, a buyer will need to add to that price the standard stock-market trading charges that apply -- that is, 3.55% of the price of up to 9 shares -- and in keeping with Unashig's pegging principle.
Unashig's market capitalization continued on a similar trajectory as CBshare (-2.16%). The day's valuation closed at KES5,842,745.50 (or US$45,013.45, at the day's forex rate). This is, as well, the lowest valuation point in nearly three years.
YTD (Year-To-Date), the price of a CBshare fell by 10.81%; while Unashig's market capitalization declined by 8.94%, YTD.
The market capitalization of Nairobi Securities Exchange (the Bourse as a whole) shrank by 17.17%, YTD, having closed at KES1.64 Trillion.
Looking farther back to end-of-year 2021, we see that Unashig's market capitalization has now dropped by 22.26%. In even more stark contrast, NSE's market capitalization has dropped by 36.19% since then, reflecting the level to which NSE's valuation has so far fallen; that is, KES1.64 Trillion.
Wednesday, March 15th, 2023.
The price of a CBshare dropped 1.38% among the usual four metrics, to close at KES1,729.17 (or US$13.36, at the forex rate of KES129.47 per US$). As shown below, however, its ranking rose from the third position to the second:
1. NSE 20 Index: +0.03%
2. CBshare price (25 counters): -1.38%*
3. NSE 25 Index: -1.72%
4. NASI (NSE All-Share Index): -2.75%.
The downward trend in Unashig's market capitalization continued today (-1.38%), in tandem with the dip in the CBshare price. The day's valuation closed at KES5,971,885.00 (or US$46,125.63, at the day's forex rate). This is the lowest valuation point in nearly three years.
YTD (Year-To-Date), the price of a CBshare fell by 8.84%; while Unashig's market capitalization declined by 6.93%, YTD.
The market capitalization of Nairobi Securities Exchange (the Bourse as a whole) shrank by 13.13%, YTD, having closed at KES1.72 Trillion.
Looking farther back to end-of-year 2021, Unashig's market capitalization has now dropped by 20.54%. In even more stark contrast, NSE's market capitalization has dropped by 33.07% since then, reflecting the fact that NSE's valuation has today dropped to KES1.72 Trillion.
READ: Mystery (local) investor's purchase of Safaricom shares stops plunge (Buying the Dip)
Tuesday, March 14th, 2023.
The downward drift across the board continued for the fourth day. CBshare dropped another 1.02%, to close at KES1,753.31 (or US$13.54, at the forex rate of KES129.50 per US$). Its performance ranking remained unchanged at third; even, as shown below, NSE 20 Index continued to lead the pack:
1. NSE 20 Index: -0.53%
2. NSE 25 Index: -0.84%
3. CBshare price (25 counters): -1.02%*
4. NASI (NSE All-Share Index): -1.11%.
The downward trend in Unashig's market capitalization moderated somewhat today (-0.98%), and was rather less pronounced than the slope recorded in the CBshare price. It closed at KES6,055,251.00 (or US$46,758.69, at the day's forex rate).
YTD (Year-To-Date), the price of a CBshare fell by 7.57%; while Unashig's market capitalization fell by 5.63%, YTD.
The market capitalization of Nairobi Securities Exchange (the Bourse as a whole) shrank by 10.61%, YTD, having closed at KES1.77 Trillion.
Looking back to end-of-year 2021, Unashig's market capitalization has now dropped by 19.43%. In even more stark contrast, NSE's market capitalization has dropped by 31.13%, reflecting the fact that NSE's valuation has now dropped to KES1.77 Trillion.
Monday, March 13th, 2023.
Our usual indices continued to slide today -- for the third trading day in a row. CBshare's performance dropped even more (-1.56%), to close at KES1,771.43 (or US$13.72, at the forex rate of KES129.12 per US$). Its comparative standing improved somewhat, nonetheless, pushing it up from the fourth place on the ladder to the third -- as partially seen below:
1. NSE 20 Index: -0.65%
2. NSE 25 Index: -1.38%
3. CBshare price (25 counters): -1.56%*
4. NASI (NSE All-Share Index): -2.43%.
*** KES1,771.43 is the new price at which a CBshare will sell -- until 5:00 PM Tuesday, March 14th, 2023. However, a buyer will need to add to that price the standard stock-market trading charges that apply -- that is, 3.55% of the price of up to 9 shares -- and in keeping with Unashig's pegging principle.
The trend in Unashig's market capitalization dipped slightly less today (-1.45%) than in the CBshare price, closing at KES6,116,049.00 (or US$47,367.17 at the indicated forex rate).
YTD (Year-To-Date), the price of a CBshare fell by 6.61%; while Unashig's market capitalization dipped by 4.68%, YTD.
The market capitalization of Nairobi Securities Exchange (the Bourse as a whole) shrank by 9.60%, YTD, having closed at KES1.79 Trillion.
Looking back to end-of-year 2021, Unashig's market capitalization has now dropped by 18.62%. In stark contrast, NSE's market capitalization dropped 30.35%, reflecting the fact that NSE's valuation has now dropped to KES1.79 Trillion.
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, March 6th to March 10th 2023 "
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