Below is the latest value of the PesaPortfolio based on share prices at the end of trading yesterday, Thursday August 9^th 2012. Read a summary of yesterday's trading activity here.

To learn  more about  the PesaPortfolio click here.

[caption id="attachment_16002" align="aligncenter" width="872"] The PesaPortfolio at the end of NSE trading on Thursday 9th August 2012[/caption]

Since we last updated the PesaPortfolio at the end of trading on Wednesday 1^st August last week, it has gained KES 2,575.25 to stand at a total value of KES 93,487.50 from KES 90,912.25 at the last update.

If we were to sell the entire portfolio, we would take home KES 91,309.96 compared to KES 88,794.70 (transaction costs subtracted) when we last updated on Wednesday last week.

The gains to the portfolio were made through the following share counters:

• Mumias Sugar  –. The share lost 5 cents one day after our last update to stand at KES 6.70 and then climbed for three consecutive days to stabilize at KES 7.00 by Wednesday this week. At yesterday’s trading the share however lost 5 cents to close at its latest price of KES 6.95 adding a total of KES 270.00 to our portfolio since we last updated it.

• Housing Finance – The share has fluctuated since our last update on Wednesday last week, going as high as KES 15.65 but maintaining above KES 15.45 in the period. Yesterday it closed at KES 15.55 which was 10 cents higher than at our last update. This gain added KES 110.00 to our portfolio.

• Crown Berger – Since our last update, the Crown Berger share has been one of the highest gaining at the stock market, gaining consecutively since last Friday to touch its peak price of KES 34.75 for this year yesterday.  Total portfolio gains from this counter were KES 2,750.

• British–American Investments – One day after our last update, the financial services Group announced their half-year financial results that saw them post a billion shilling profit from prior losses. Read more on this here. With the earnings announcement, the share climbed to this year’s highest of KES 6.00 last Friday but dropped in the following days to stabilize at KES 5.90 per share where it has been since Wednesday this week. This counter has added KES 300 to our portfolio since our last update.

Losses to the portfolio were made through the following counters:

• NIC Bank – As the bank’s rights issue nears commencement later this month, the share has been on an overall decline since our last update, losing a total of KES 1.25 as of yesterday’s closing price.  This loss has reduced the value of our portfolio by a total of KES 375 since our last update.

• Rea Vipingo  – The share was stable at KES 17.10 which was the price at our last update until Tuesday this week when the share began a decline that has seen it lose 60 cents to stabilize at KES 16.50 where it closed at yesterday. The total portfolio loss from this counter is KES 480.

REMARKS

Recent portfolio gains are encouraging with most of our shares trading above the price we bought them at. In the coming week, we will be closely monitoring the NIC share as the bank is due to begin a right issue on the 27^th of this month that could benefit the portfolio with additional shares issued at a discount. Click here for a breakdown of the NIC Rights Issue.

{The PesaPortfolio is a simulation of the Nairobi Securities Exchange and is intended for investor education and entertainment only. It does not constitute investor advice and we do not trade on behalf of our readers}