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, January 27th, 2023.
All four indices showed gains at today's, and this week's, close. CBshare's price rose the most (+0.76%), to close at a new price per share of KES1,866.44 (or US$15.00, at a still-worsening forex rate of KES124.45 per US$). Here's how the respective indices ranked:
1. CBshare price (25 counters): +0.76%*
2. NSE 20 Index: +0.50%
3. NSE 25 Index: +0.26%
4. NASI (NSE All-Share Index): +0.21%.
KES1,866.44 is 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, Monday, January 30th, 2023.
YTD (Year-To-Date), the price of a CBshare has dropped by 1.60%. In contrast, Unashig's market capitalization has declined by 1.02%, YTD, to close at KES6,350,760.00 (or US$51,035.61).
Market capitalization at the Nairobi Securities Exchange as a whole (The Bourse) has dropped slightly less, by 1.01%, so far this year, to close at KES1.98 Trillion.
Thursday, January 26th, 2023.
All four indices performed more poorly today than they did on Wednesday; and, except for NSE 20 Index (-0.55%), none kept the ranking it held at Wednesday's close. CBshare price dropped by -0.44% to close at a new price per share of KES1,852.35 (or US$14.90, at a forex rate of KES124.35 per US$). However, its performance ranking improved from fourth to second. Here's how the respective indices ranked:
1. NSE 25 Index: -0.33%
2. CBshare price (25 counters): -0.44%*
3. NSE 20 Index: -0.55%
4. NASI (NSE All-Share Index): -0.65%.
Unashig's market capitalization also fell (-0.44%), to close at KES6,302,811.50 (or US$50,686.06).
YTD (Year-To-Date), the price of a CBshare has dropped by 2.35%; while Unashig's market capitalization has fallen by 1.77%.
***In contrast, market capitalization at the Nairobi Securities Exchange as a whole (The Bourse) has so far dropped less steeply this year, by 1.01%. It is a bigger entity than any company (or subsidiary of a company) quoted on and traded at it, and is therefore a good local benchmark for investors (local and foreign) to track and make comparisons with.
Wednesday, January 25th, 2023.
Two indices made gains at today's close, while two others fell. NASI (+1.05%) jumped from second place in the ranking back to first, as the list below shows. CBshare in turn fell (-0.10%) back to fourth, closing at a price per share of KES1,860.53 (or US$14.98, at a slightly improved forex rate of KES124.19 per US$):
1. NASI (NSE All-Share Index): +1.05%
2. NSE 25 Index: +0.56%
3. NSE 20 Index: -0.03%
4. CBshare price (25 counters): -0.10%*.
Unashig's market capitalization also fell (-0.10%), to close at KES6,330,667.50 (or US$50,975.66).
YTD, the price of a CBshare has dropped by 1.91%; while Unashig's market capitalization, has fallen by 1.33%, YTD.
Tuesday, January 24th, 2023.
All indices fell at today's close. NASI (-0.29%), dropped from first to second in Tuesday's performance ranking. CBshare closed lower, by 0.20%, at a price per share of KES1,862.35 (or US$14.98, at the forex rate of KES124.30 per US$). However, its performance ranking jumped from the fourth position to the first, as shown below:
1. CBshare price (25 counters): -0.20%*
2. NASI (NSE All-Share Index): -0.29%
3. NSE 25 Index: -0.65%
4. NSE 20 Index: -1.03%.
Unashig's market capitalization also dipped (-0.20%), to close at KES6,336,843.00 (or US$50,980.23).
YTD, the price of a CBshare has dropped by 1.82%; while Unashig's market capitalization, has fallen by 1.24%, YTD.
Monday, January 23rd, 2023.
All indices maintained an upward trend at the close of this week's first trading day. NASI kept the lead for the third day in a row. CBshare closed 0.39% higher, at a price per share of KES1,866.03 (or US$15.04, at the forex rate of KES124.15 per US$). As we see below, however, its performance ranking dropped from the third position to the fourth:
1. NASI (NSE All-Share Index): +1.13%
2. NSE 25 Index: +0.86%
3. NSE 20 Index: +0.56%.
4. CBshare price (25 counters): +0.39%*
Unashig's market capitalization also made gains (+0.39%), to close at KES6,349,366.00 (or US$51,163.30).
YTD, the price of a CBshare has dropped by 1.63%. Unashig's market capitalization, on the other hand, has fallen by 1.04%, YTD.
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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