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, August 25th, 2023.
All metrics closed the week on a losing mode, as shown below. Still, NSE 20 Index (-0.39%) advanced to top of today's performance ranking. NASI (-0.94%) followed in second position. CBshare (-2.63%) ended up fourth, its price closing at KES1,648.20 (or US$11.37, at a precarious forex rate of KES145.00 per US$):
1. NSE 20 Index: -0.39%
2. NASI: -0.94%
3. NSE 25 Index: -0.95%
4. CBshare price (25 counters): -2.63%*.
[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].
*** KES1,648.20 (US$11.37) is CBshare's new trading price. It will hold until 5:00 PM, Monday, August 28th, 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 Shareholders are reminded that we only need to purchase another 42 CA and/or CBshares in total in order to own 50% of Unashig's authorized shares. It is expected that this target will be hit by mid-September this year, as Members arrange to renew their annual health insurance.
Unashig's market capitalization also declined (-2.63%), to close at KES5,707,081.00 (or US$39,359.18, at today's rate).
YTD (Year-To-Date), the price of a CBshare is down 13.11%; while Unashig's market capitalization has lost 11.05% of its value. Market capitalization at the Nairobi Securities Exchange, as a whole, has also dipped further (-21.72%), YTD. Its valuation at today's close was KES1.55 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization was down 24.06% today. Market capitalization at the NSE as a whole, which is tens of times larger than Unashig's, also closed lower (-39.69%).
Thursday, August 24th, 2023.
NSE 25 Index (+0.50%) bounced back to overtake both NSE 20 Index (+0.11% yesterday, and -0.91% today) and CBshare (-0.26% yesterday, and -0.59% today). It topped today's performance ranking, as we see below. The price of a CBshare closed lower than we saw yesterday, at KES1,692.68 (or US$11.69, at an even weaker forex rate of KES144.85 per US$):
1. NSE 25 Index: +0.50%
2. NASI: +0.38%
2. CBshare price (25 counters): -0.59%*
3. NSE 20 Index: -0.91%.
Unashig's market capitalization also declined (-0.59%), to close at KES5,861.50 (or US$40,463.14, at today's rate).
YTD (Year-To-Date), the price of a CBshare is down 10.76%; while Unashig's market capitalization is down 8.65%. Market capitalization at the Nairobi Securities Exchange, as a whole, is also down (-20.71%), YTD. Its valuation at today's close was KES1.57 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization dipped to -22.02% today. Market capitalization at the NSE as a whole, which is tens of times larger than Unashig's, also fell (-38.91%) -- to close at KES1.57 trillion.
Wednesday, August 23rd, 2023.
NSE 20 Index (+0.11%) overtook CBshare (-0.26%) to close at the top of today's performance chart, as we see below. The price of a CBshare closed a notch lower than we saw yesterday, at KES1,702.81 (or US$11.78, at a weaker forex rate of KES144.55 per US$):
1. NSE 20 Index: +0.11%
2. CBshare price (25 counters): -0.26%*
3. NSE 25 Index: -0.55%
4. NASI: -0.94%.
Unashig's market capitalization also dipped (-0.26%), to close at KES5,896,153.00 (or US$40,789.71, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare stands at -10.23% of its value at the beginning of January; while Unashig's market capitalization is now at -8.11% of its value at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, also fell to -21.21%, YTD. Its total value today closed at KES 1.56 trillion.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization declined lower today (to -21.55%). Market capitalization at the NSE also fell (to -39.30%).
Tuesday, August 22nd, 2023.
CBshare (+0.93%) topped the performance chart today, as shown below. It closed higher, at KES1,707,18 (or US$11.82, at a static forex rate of KES144.40 per US$). It was the only metric to record a gain this Tuesday -- a relatively significant one at that:
1. CBshare price (25 counters): +0.93%*
2. NSE 20 Index: -0.11%
3. NASI: -0.17%
4. NSE 25 Index: -0.18%.
Unashig's market capitalization also jumped (+0.93%), to close the day at KES5,911,297.00 (or US$40,936.96, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare stands at -10.00% of its value at the beginning of January; while Unashig's market capitalization is now at -7.87% of its value at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, remained unchanged at -20.71%, YTD. Its total value today was KES 1.57 trillion.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- the company's market capitalization was somewhat improved today, though still in the negative ( -21.35%). Market capitalization at the NSE remained unchanged, however, (at -38.91%).
Monday, August 21st, 2023.
The downward trend witnessed last Friday continued today across the board. NSE 20 Index (-0.08%) nevertheless jumped from third position to first at today's close. On the other hand, CBshare (-0.88%) slipped from first to third; and closed at KES1,691.45 (or US$11.71, at a new forex rate of KES144.40 per US$). Here's how each index ranked:
1. NSE 20 Index: -0.08%
2. NASI: -0.48%
3. CBshare price (25 counters): -0.88%*
4. NSE 25 Index: -0.95%.
Unashig's market capitalization also fell (-0.88%), to close the day at KES5,856,845.00 (or US$40,559.87, at today's forex rate).
YTD (Year-To-Date), the price of a CBshare has lost 10.83% of its value; while Unashig's market capitalization is now 8.72% lower than it was at the beginning of this year. Market capitalization at the Nairobi Securities Exchange, as a whole, is also down (-20.71%), YTD. Its total value today was down to KES 1.57 trillion.
Looking farther back to end-of-year 2021 -- when Unashig closed at KES7,515,735.50 -- the company's market capitalization has weakened to a new level ( -22.07%). Market capitalization at the NSE as a whole has also declined (to -38.91%).
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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 14th to August 18th 2023"
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