Jinita Prasad.
Week in review
The overall activity on the SPSE e-trading platform picked pace this week recording 25 transactions for the 83,010 shares that exchanged hands garnering an aggregate consideration of $169,283.
The listed securities that witnessed trades for the week under review were; the radio conglomerate, Communications Fiji Limited (CFM), market heavy-weight, Amalgamated Telecom Holdings Limited (ATH), Paradise Beverages Fiji Limited (PBF), FMF Foods Limited (FMF), the restricted stock, Fijian Holdings Limited (FHL) and VB Holdings Limited (VBH). Amongst these stocks, only CFM and PBF witnessed price movements of -1.23% and -3.20% respectively. With the price movements recorded, the overall capitalisation of the market recorded a decrease of 0.48% concluding the week of trading at a value of $829,080,968.
The market barometer, SPSE Total Return Index (STRI), which is market capitalisation based, took a slight dip of 0.09% concluding at 2063.14. Amongst these price movements, STRI also adjusted for the dividend returns declared by Atlantic & Pacific Packaging Company Limited (APP), FMF Foods Limited (FMF) and The Rice Company of Fiji Limited (RCF). The shareholders of these companies will receive their share of dividends on 14th May 2014.
The new order flows for the market remained active with an aggregate consideration of $310,520 recorded on the orders platform. Few big quantities of orders from institutional investors were entered for CFM, PBF and FMF. Other new orders were recorded for FHL, PBP, VBH and ATH. Additionally, 65.82% of these new orders were recorded as an interest to purchase securities on SPSE.
In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid rose 1.72% while the total shares on offer fell 0.37%. The SPSE bid to offer ratio changed to at 1:1.
Communications Fiji Limited (CFM) now ranks as the widest bid-offer margin security with a spread of $1.39 with the most lucrative offer placed at $4.09 while FijiCare Insurance Limited (FIL) continues to rank as the narrowest bid to offer margin security with a spread of $0.07.
The SPSE market announcements platform remained quiet recording only two releases for the week. CFM released its Annual General Meeting resolutions and the Chairperson’s speech at the meeting while Kontiki Growth Fund Limited (KGF) released the company’s net asset value as at 30th April 2014.
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Jinita Prasad
Chief Executive
09-05-2014