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, February 3rd, 2023.
Yesterday's upward trend continued across the board today, even though performance ranks flipped in tandem turns over these last two trading days. The price of a CBshare rose only marginally (+0.07%), to close at a price per share of KES1,898.26 (or US$15.22, at a forex rate of KES124.75 per US$). Its performance ranking thus fell from the first position yesterday to the fourth today.
Indeed, the motif of a solar system in motion, in its own corner of a galactic system -- in which a set of planets (the four indices in our case) orbit their resident star/sun (i.e. NSE, or the bourse) at varying distances and velocities -- is fairly appropriate here. None of the planets escapes or exceeds the sun's gravitational pull, though the orbit of any or one of them may, in principle, veer ahead of the star's broader path -- before, predictably, falling back to within some discernible parameters. There's no escaping the sun. So what's crucial is how well any planet out-runs another, or the others, and with what frequency -- or margins.
Here is today's ranking:
1. NASI (NSE All-Share Index): +1.24%.
2. NSE 25 Index: +1.02%
3. NSE 20 Index: +0.35%
4. CBshare price (25 counters): +0.07%*.
KES1,898.26 is therefore the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now change hands -- until 5:00 PM, Monday, February 6th, 2023.
YTD (Year-To-Date), the price of a CBshare has remained essentially unchanged (at KES1898.26, or with a 0.07% gain), having closed at KES1896.84 at the end of last year. On the other hand, Unashig's market capitalization ticked up (+0.67%), to close at KES6,459,022.00 (or US$51,775.73) YTD. In comparison, market capitalization at Nairobi Securities Exchange (The Bourse as a whole) grew by 1.52%, YTD, to close at KES2.01 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has so far dropped by 14.06% in value, while the market capitalization of NSE as a whole has fallen by 21.79%,
Thursday, February 2nd, 2023.
All four metrics closed with some gains today. The price of a CBshare, which is our focus in all this, rose by another 0.33%, to close at a price per share of KES1,896.89 (or US$15.23, at a forex rate of KES124.59 per US$). Its performance ranking rose to the first position, as the list below shows:
1. CBshare price (25 counters): +0.33%*
2. NSE 20 Index: +0.13%
3. NSE 25 Index: +0.06%
4. NASI (NSE All-Share Index): +0.02%..
YTD (Year-To-Date), the price of a CBshare remained essentially unchanged (having closed at KES1896.84 at the end of last year (2022). On the other hand, Unashig's market capitalization ticked up (+0.59%), to close at KES6,454,380.00 (or US$51,804.96) YTD.
In comparison, market capitalization at Nairobi Securities Exchange (The Bourse as a whole) grew by 0.51%, YTD, to close at KES1.99 Trillion.
Looking farther back to the end of year 2021, Unashig's market capitalization has shed 14.12% in value, while the market capitalization of NSE as a whole has fallen by 22.57%,
Wednesday, February 1st, 2023.
Three indices made gains today, while one (NSE 20 Index) lost ground. More specifically, the price of a CBshare jumped 0.96%, to close at a price per share of KES1,890.65 (or US$15.19, at a forex rate of KES124.49 per US$). Its performance ranking consequently stayed put in the second position, where, as the list below shows, it was in a tie with NSE 25 Index:
1. NASI (NSE All-Share Index): +1.37%
2. CBshare price (25 counters): +0.96%*
2. NSE 25 Index: +0.96%
4. NSE 20 Index: -0.07%.
KES1,890.65 is therefore the new price (before adding the standard stock-market trading charges that apply) at which a CBshare will now exchange hands -- until 5:00 PM, Thursday, February 2nd, 2023.
YTD (Year-To-Date), the price of a CBshare closed lower (-0.33%) -- but this was an improvement, compared to Tuesday's performance. On the other hand, Unashig's market capitalization ticked up (+0.26%), to close at KES6,433,150.50 (or US$51,676.04) YTD.
In comparison, market capitalization at Nairobi Securities Exchange (The Bourse as a whole) grew by 0.51%, YTD, to close at KES1.99 Trillion.
Tuesday, January 31st, 2023.
CBshare fell 0.15% today, closing at a price per share of KES1,872.69 (or US$15.04, at a forex rate of KES124.50 per US$). Its performance ranking consequently dropped to second today from first yesterday, as the list below and Monday's list respectively indicate:
1. NASI (NSE All-Share Index): +0.29%
2. CBshare price (25 counters): -0.15%*
3. NSE 25 Index: -0.38%
4. NSE 20 Index: -0.52%.
YTD (Year-To-Date), the price of a CBshare closed lower (-1.27%). However, Unashig's market capitalization declined less steeply (-0.69%), YTD, to close at KES6,372,035.00 (or US$51,181.01).
On the other hand, the Market capitalization of Nairobi Securities Exchange (The Bourse as a whole) dropped more noticeably (-1.01%), YTD, than Unashig's (-0.69%, as we have seen), to close at KES1.96 Trillion.
Monday, January 30th, 2023.
Only CBshare recorded a gain (+0.48%) at today's close, at a price per share of KES1,875.42 (or US$15.07, at a forex rate of KES124.42 per US$). As the list below shows, CBshare maintained the top ranking among the four indices:
1. CBshare price (25 counters): +0.48%*
2. NSE 25 Index: -0.31%
3. NASI (NSE All-Share Index): -0.42%
4. NSE 20 Index: -0.49%.
YTD (Year-To-Date), the price of a CBshare closed lower (-1.13%) -- which is nevertheless an improvement compared to last Friday, when it closed at -1.60%). Unashig's market capitalization has declined less steeply (-0.54%), YTD, to close at KES6,381,309.50 (or US$51,288.45). On the other hand, Market capitalization at the Nairobi Securities Exchange (The Bourse as a whole) has dropped more noticeably (-1.52%) than at Unashig, YTD, to close at KES1.95 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, January 16th to 20th 2023 "
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