Below is the value of the PesaPortfolio at the close of trading on Friday 20^th July 2012:

At the close of trading on Friday, our PesaPortfolio had gained KES 122.50 to stand at KES 94,457.50 up from KES 954,335.00 at the close of trading on Thursday last week.

Total cash receivable if we were to sell the entire portfolio would be Ksh 92,257.37 after deducting transaction costs.

In comparison, cash receivable at end of trading on Thursday was KES 92,137.72 representing a cash gain of KES 119.65

Gains in our portfolio were attributable to the following counters:

• Mumias Sugar – The share closed Friday’s trading up 0.15 percent closing at KES 6.65 from KES 6.50 on Thursday. This gain added KES 202.50 to our portfolio.
• Rea Vipingo – The share gained 0.1 percent on Friday to close at KES 17.10 up from KES 17.00 previously. This added KES 80.00 to our portfolio.

Losses in our portfolio stemmed from the following counters:

• Housing Finance – The share lost 10 cents at Friday’s trading to close at KES 15.40 from KES 15.50 on Thursday. This lost our portfolio KES 110.00
• Uchumi – The share lost 5 cents on Friday to close at KES 15.55 from KES 15.60 on Thursday. This lost our portfolio a total of KES 50.00

The following counters closed Friday at the same price as Thursday:

• Kengen – The share remained at KES 8.30
• Crown Berger – The share remained at KES 33.50 during Friday’s trading

In light of the PesaPortfolio’s waning performance, we have decided to make slight changes to it that we hope will improve its performance.

You can look out for these changes tomorrow morning.