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, October 13th, 2023.
At Friday's close, all indices were on a downward trend. In all this, however, NSE 20 Index (-0.27%) 'outperformed' the rest by posting the least loss. On the other hand, CBshare (-0.63%) fared the worst, closing at KES1,608.86 (or US$10.78, at a forex rate of KES149.30 per US$). Here below is today's ranking:
1. NSE 20 Index: -0.27%
2. NSE 25 Index: -0.32%
3. NASI: -0.34%
4. NSE 10 Index: -0.48%
5. CBshare price (25 counters): -0.63%*.
[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].
*** KES1,608.86 (US$10.78) is CBshare's new trading price. It will hold until 5:00 PM, Monday, October 16th, 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 also recorded a 0.63% decline today. It closed at KES5,593,393.50 (or US$37,464.12, at today's rate).
YTD (Year-To-Date), the price of a CBshare is down 15.18%; while Unashig's market capitalization is 12.82% weaker. Market capitalization at the Nairobi Securities Exchange, as a whole, is even further down (-26.26%), YTD.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down (-25.58%) today. Market capitalization at the NSE as a whole has dipped further (-43.19%) as well -- to KES1.46 trillion.
Thursday, October 12th, 2023.
The trading tide turned positive once again for all metrics, as we see below. NSE 10 Index (+1.34%) jumped from fifth place yesterday to first. On the other hand, CBshare (+0.80%) dropped from first place yesterday to third today -- even though its price closed higher, at KES1,618.99 (or US$10.84, at a forex rate of KES149.40 per US$).
1. NSE 10 Index: +1.34%
2. NSE 25 Index: +1.00%
3. CBshare price (25 counters): +0.80%*
4. NASI: +0.74%
5. NSE 20 Index: +0.61%.
Unashig's market capitalization also recorded a 0.80% gain today. It closed at KES5,628,614 (or US$37,674.79, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 14.65% down; while Unashig's market capitalization is 12.28% weaker. Market capitalization at the Nairobi Securities Exchange, as a whole, is unchanged 25.76%, YTD.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 25.11% today. On the other hand, market capitalization at the NSE, as a whole, remains unchanged (-42.80%) at KES1.47 trillion.
Wednesday, October 11th, 2023.
All indices were weaker at today's close. CBshare (-0.36%) nevertheless topped the chart in terms of relative performance. It was followed by NSE 20 Index (-0.60%). The price of a CBshare closed at KES1,606.19 (or US$10.78, at a forex rate of KES148.95 per US$).
1. CBshare (25 counters): -0.36% 2. NSE 20 Index: -0.60% 3. NASI: -0.64% . 4. NSE 25 Index: -0.89% 5. NSE 10 Index: -1.30%.
Unashig's market capitalization also recorded a 0.36% dip. It closed at KES5,584,111 (or US$37,502.42, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 15.32% lower; while Unashig's market capitalization is 12.97% weaker. Market capitalization at the Nairobi Securities Exchange, as a whole, is down 25.76%, YTD.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 25.70% today. On the other hand, market capitalization at the NSE, as a whole, remains unchanged at -42.80%.
Tuesday, October 10th, 2023.
There was no trading at the Nairobi Securities Exchange today, this being Utamaduni Day -- a national holiday intended to showcase the richness, distinctiveness and diversity of Kenya's cultural heritage.
Monday, October 9th, 2023.
NSE 10 Index (+0.49%) topped the chart today -- a day on which all indices chalked up some gains. CBshare (+0.28%) ranked third, its price closing at KES1,612.07 (or US$10.83, at a forex rate of KES148.90 per US$). Here's how the indices ranked at the close:
1. NSE 10 Index: +0.49%
2. NSE 20 Index: +0.35%
3. CBshare price (25 counters): +0.28%*
4. NSE 25 Index: +0.19%
5. NASI: +0.12%.
Unashig's market capitalization also recorded a 0.28% gain over Friday's level. It closed at KES5,604,538 (or US$37,639.61, at today's rate).
YTD (Year-To-Date), the price of a CBshare is 15.01% lower. Unashig's market capitalization is down 12.65%. Market capitalization at the Nairobi Securities Exchange, as a whole, is down 25.76, YTD.
Looking farther back to end-of-year 2021 -- when it closed at KES7,515,735.50 -- Unashig's market capitalization is down 25.43% today. Market capitalization at the NSE, as a whole, remains unchanged at -42.80%.
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.
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