Below is the value of the PesaPortfolio at the close of NSE trading on the 16^th July 2012:

At the close of trading yesterday, our PesaPortfolio lost Ksh 995.000 to stand at Ksh 94,435.00 down from Ksh 95,430.00 on Monday last week.

Total cash receivable if we were to sell the entire portfolio would be Ksh 92,241.70 after deducting transaction costs.

In comparison, cash receivable last Monday would be Ksh 93, 207.44 representing a cash loss of Ksh 965.74

Losses in the portfolio were due to the following counters which lost value in the one week period as follows:

• Housing Finance Co Ltd – The share fluctuated during the week, dropping 2.3 percent on Tuesday before climbing 3.0 percent on Wednesday and then dropping steadily from Thursday until yesterday’s 0.33 percent loss that closed the share at Ksh 15.25 down from Ksh 15.35 last Monday.
• Kengen Ltd – Overall, the share price declined steadily since last Monday apart from gaining 0.6 percent on Thursday. The share stabilized yesterday to remain at Ksh 8.45 similar to Friday’s close.
• Crown Berger Ltd – The share was initially stable at last Monday’s price of Ksh 34.75 but declined consecutively on Thursday and Friday before gaining once more yesterday to close  at Ksh 34.00  which is 75 cents lower than on Monday last week.
• Uchumi Supermarket Ltd – The share was on a downward trend last week, only gaining 0.3 percent on Thursday after which it resumed falling up to yesterday’s most recent loss of 0.32 percent which left the share at Ksh 15.50 which is 35 cents lower than its value last Monday.

Our Rea Vipingo shares offset the losses made by the four counters above as the share rallied on Tuesday through Thursday before dropping on Friday and climbing 2.17 percent once more yesterday to close at Ksh 16.50 which is 35 cents higher than the share’s price on Monday last week.

Mumias Sugar initially rallied last Tuesday and Wednesday to reach a 7-month high of Ksh 6.95 on Wednesday before declining to Ksh 6.70 where the share has stabilized to the same price as Monday last week.

While we have confidence in our portfolio shares, additional losses will prompt us to offload some stock for others that are more profitable  to stem short-term losses.