Caption: Jinita Prasad: File Photo:
Week in Review
The SPSE e-trading platform witnessed an exchange of 48,332 shares in 14 transactions garnering $42,008 in consideration. Securities witnessing trades this week were; Fijian Holdings Limited (FHL), FMF Foods Limited (FMF), Fiji Television Limited (FTV), Paradise Beverages (Fiji) Limited (PBF) and RB Patel Group Limited (RBG).
Amongst the price gainers were RBG and FHL with RBG seeing a rise of 3.04% in its share price to another all-time high of $2.37.
PBF was the only stock to record a fall in its share price while the share prices for FMF and FTV remained unchanged at $0.44 and $3.01 respectively. Variations in share prices led to the overall capitalisation of the market to increase 0.02% ending the week of trading at $788,255,926.
The SPSE Total Return Index (STRI) saw an increase of 0.15% and closed at 1907.88. Together with the price movements for the week, the market capitalisation weighted total return index also recorded a dividend return of 3.21% from FHL. FHL shareholders will receive their share of dividends on 29th October 2013.
In terms of new order flow during the week, a total consideration of $93,107 was recorded on the orders platform.
New orders were mostly recorded for FHL, RBG, Fijicare Insurance Limited (FIL), Amalgamated Telecom Holdings Limited (ATH), FTV and PBF.
The overall unexecuted orders on the platform at close of trading saw the total shares on bid decreasing by 3.32% with the total shares on offer also seeing a decrease of 1.84%.The SPSE bid to offer ratio closed the week at 1:3.
ATH also emerged as the narrowest bid to offer margin stock with a spread of $0.02 while Communications (Fiji) Limited (CFM) still queues as the widest bid to offer margin security with a spread of $1.26. The best offer price for CFM stands at $3.97.
The listed company market announcements platform remained fairly quiet this week with a single release recorded on the platform. FTV announced that it has secured the right to air live matches of the 2013 Rugby League World Cup.
For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj
Jinita Prasad
Chief Executive
25-10-2013