Share Price and Market Capitalization at the Close of Specified
Days of the Week.
Friday, April 28th 2023.
All indices once again lost momentum today, as we see on the list below. CBshare's performance ranking fell from second yesterday to third today, while NSE 20 Index fell from the first position to the fourth. The price of a CBshare closed at KES1,696.83 (or US$12.48, at a lower forex rate of KES135.90 per US$), representing a 1.48% loss.
1. NASI (NSE All-Share Index): -0.87%
2. NSE 25 Index: -1.02%
3. CBshare price (25 counters): -1.48%*
4. NSE 20 Index: -1.61%.
*** KES1,696.83 is the new price at which a CBshare will sell -- until 5:00 PM, Tuesday, May 2nd, 2023. (The reader probably knows already that May 1st is Labour Day, a public holiday in Kenya and other parts of the world). As is the practice at the 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 dipped (-1.48%), to close at KES5,868,657.50 (or US$43,151.89, at today's forex rate). NSE's (the bourse's) market capitalization also shrank (-1.48&%), to close at KES1.68 Trillion.
On a YTD (Year-To-Date) basis, however, the price of a CBshare closed at -9.20%, but this was an improvement on Tuesday's result (-9.47%). Unashig's market capitalization closed in the negative as well (at -10.54%), YTD. The market capitalization of Nairobi Securities Exchange fell (by 15.15%) to KES1.68 Trillion, YTD.
Looking farther back to end-of-year 2021, the fall in Unashig's market capitalization worsened somewhat (to -21.92%). Likewise, NSE's market valuation worsened (to -34.63%) this Wednesday.
Thursday, April 27th 2023.
Three out of four indices maintained yesterday's gains, though at lower tempos. CBshare's performance ranking rose from third to second, with a 0.30% gain. NSE 20 Index made the most gain (+0.71%), to close at the top of the list -- as we see below. The price of a CBshare closed at KES1,722.00 (or US$12.67, at a lower forex rate of KES135.90 per US$).
1. NSE 20 Index: +0.71%
2. CBshare price (25 counters): +0.30%*
3. NASI (NSE All-Share Index): +0.07%
4. NSE 25 Index: -0.10%.
Unashig's market capitalization also jumped (+0.30%), to close at KES5,957,090 (or US$43,834.36, at today's forex rate). NSE's (the bourse's) market capitalization rose to KES1.7 Trillion.
On a YTD (Year-To-Date) basis, however, the price of a CBshare closed at -9.20%, but this was an improvement on Tuesday's result (-9.47%). Unashig's market capitalization closed in the negative as well (at -9.20%), YTD; but this was also an improvement on the previous day (-9.47%). The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole made some gains at the close, at KES1.70 Trillion. In percentage terms, YTD, this represented a reduced loss level of -14.14% (compared to -14.65% the previous day).
Looking farther back to end-of-year 2021, the fall in Unashig's market capitalization eased somewhat today (to -20.74%). Likewise, NSE's market valuation, rising to KES1.7 Trillion, eased its loss level to -33.85% (compared to -34.24%) on Wednesday.
Wednesday, April 26th 2023.
The tide turned today for all four indices, with each recording some basis-point gains, as we see in the ranking below. CBshare maintained the same third rank as it had on Tuesday, having posted a 0.54% gain. NASI made the most gain (+0.74%), and closed top of the list, while NSE 20 Index dropped from first to fourth (at +0.16%). The price of a CBshare closed at KES1,717.20 (or US$12.64, at a lower forex rate of KES135.85 per US$).
1. NASI (NSE All-Share Index): +0.74%
2. NSE 25 Index: +0.63%
3. CBshare price (25 counters): +0.54%*
4. NSE 20 Index: +0.16%.
Unashig's market capitalization also jumped (+0.54%), to close the day at KES5,939,114.50 (or US$43,718.18, at today's forex rate). NSE's (the bourse's) market capitalization rose to KES1.69 Trillion at today's close.
On a YTD (Year-To-Date) basis, however, the price of a CBshare closed at -9.47%, but this was an improvement on Tuesday's result. Unashig's market capitalization also closed in the negative (at -7.44%), YTD; but this was also an improvement on the previous day. The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole made some gains as well, at KES1.69 Trillion. In percentage terms YTD, however, this represented a reduced loss level of -14.65% (compared to -15.15% the previous day).
Looking farther back to end-of-year 2021, Unashig's market capitalization fell further today (to -20.98%). NSE's market valuation, rising to KES1.69 Trillion, eased the loss level to -34.24% (compared to -34.63%) on Tuesday.
Tuesday, April 25th 2023.
All four indices fell today. As the ranking below shows, CBshare's ranking dropped from first to third, while NSE 20 Index jumped from fourth to first. The price of a CBshare closed at KES1,708.05 (or US$12.59, at a forex rate squeeze of KES135.70 per US$).
1. NSE 20 Index: -0.18%
2. NSE 25 Index: -0.46%
3. CBshare price (25 counters): -0.68%*
4. NASI (NSE All-Share Index): -0.69%.
Unashig's market capitalization also fell (-0.67%), to close the day at KES5,907,479.50 (or US$43,533.38, at today's forex rate). NSE's (the bourse's) market capitalization was still stuck at KES1.68 Trillion at today's close.
On a YTD (Year-To-Date) basis, however, the price of a CBshare closed lower today, at -9.95%. Unashig's market capitalization also closed lower (at -7.93%), YTD. The market capitalization of Nairobi Securities Exchange (the Bourse) as a whole stayed put at KES1.68 Trillion (its decline stuck at -15.15%), YTD.
Looking farther back to end-of-year 2021, Unashig's market capitalization fell further today (to -21.40%). NSE's market valuation, staying put at KES1.68 Trillion, maintained last Monday's loss level (-34.63%).
Monday, April 24th, 2023.
Three indices turned the opposite
direction to register more than one cumulative percentage-point gain since last
Thursday's close. As the ranking below helps to show, CBshare flipped from the
fourth position on Thursday to the first this Monday (there was no trading on
Friday), even as NSE 20 Index fell from the first to the fourth rank. The price
of a CBshare closed at KES1,719.66 (or US$12.69, at a forex rate squeeze of
KES135.50 per US$).
1. CBshare price (25 counters): +0.84%*
2. NASI (NSE
All-Share Index): +0.56%
3. NSE 25 Index: +0.51%
4. NSE 20 Index: -0.02%.
Unashig's market capitalization also posted a gain (+0.84%) today, to close the
day at KES5,947,618.00 (or US$43,893.86, at today's forex rate). NSE's (the
bourse's) market capitalization was still stuck at KES1.68 Trillion at today's
close.
On a YTD (Year-To-Date) basis, however, the price of a CBshare closed a
little less lower today, at -9.34%. Unashig's market capitalization also gained
some reprieve (closing at -7.30%), YTD. The market capitalization of Nairobi
Securities Exchange (the Bourse) as a whole stayed put at KES1.68 Trillion (its
decline stuck at -15.15%), YTD.
Looking farther back to end-of-year 2021,
Unashig's market capitalization displayed some relief as well, with a new loss
level (-20.86%). NSE's market valuation, staying put at KES1.68 Trillion,
maintained last Thursday's loss level (-34.63%).
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, April 17th to April 20th 2023 "
