Caption: SPSE CEO Jinita Prasad.
Week in Review
Amongst the securities witnessing trades on the SPSE e-trading platform this week were; Fijian Holdings Limited (FHL), Fiji Television Limited (FTV), Amalgamated Telecom Holdings Limited (ATH), BSP Convertible Notes Limited (BCN) and Toyota Tsusho (South Sea) Limited (TTS). In aggregate, 6,551 shares exchanged hands in 13 transactions accumulating $21,457 in consideration. All the securities prices remained unchanged except for ATH and BCN.
ATH witnessed a drop of $0.01 while BCN recorded a $0.05 share price fall during the week under review. These price falls resulted in the overall capitalisation of the market to descend as well. The market capitalisation at close of trading on Friday stood at $804,710,990, a 0.54% fall for the week.
The SPSE Total Return Index (STRI) concluded the week at 1911.28, a 0.17% decline for the week. The negative share price returns from ATH and BCN led to the market capitalisation weighted total return index to fall. The dividend per share of $0.10 declared by RB Patel Group Limited (RBG) also got reflected in the total return index generating a dividend return of 4.42%. RBG shareholders will receive their share of dividends on 27th August 2013.
The new order flow consideration on the SPSE platform stood at $88,842. A strong buy interest was generated on the SPSE order platform this week as 73.04% of the total consideration was reflected by an interest to purchase securities on SPSE. The SPSE bid to offer ratio closed the week at 1:3. The Rice Company of Fiji Limited (RCF) continues to rank as the widest bid-offer margin security with a spread of $1.80 while RBG now queues as the narrowest bid-offer margin stock with a spread of $0.04.
The listed company market announcements platform recorded five market releases this week. Pacific Green Industries (Fiji) Limited (PGI) and FijiCare Insurance Limited (FIL) submitted their half year financial results. FTV announced that they are still in negotiation with their counterparts in regards to the English Premier League series.
FHL announced the appointment of a Director while ATH announced the acquisition of the remaining 51% of shares in Fiji International Telecommunications Limited (FINTEL).
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Jinita Prasad
Chief Executive
23-08-2013