Jinita Prasad.
The week under review saw execution of the on-market dividend reinvestment trades for Fijian Holdings Limited (FHL). Following these trades, the share price for the restricted stock, FHL also saw an increase of $0.05 resulting in the overall capitalisation of the market to rise 0.06%, which at close of trading on Friday stood at $829,904,201.
Other securities witnessing trades were; Amalgamated Telecom Holdings Limited (ATH), the supermarket chain, RB Patel Group Limited (RBG) and BSP Convertible Notes Limited (BCN).
In terms of overall market statistics, 94,632 shares exchanged hands accumulating $213,566 in value. The SPSE barometer, STRI also saw an increase of 0.06% this week due to a positive price return generated by FHL. STRI ended the week at a value of 2065.19.
The new order flow platform recorded several orders for FHL due to the reinvestment trades; however, excluding all the orders due to these FHL trades, an aggregate consideration of $156,984 was recorded. These orders were noted for ATH, BCN, FTV and RBG.
In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid rose 1.07% with the total shares on offer decreasing by 1.98%. The SPSE bid to offer ratio remained unchanged at 1:1.
Communications Fiji Limited (CFM) still ranks as the widest bid-offer margin security with a spread of $1.40 while FijiCare Insurance Limited (FIL) continues to rank as the narrowest bid to offer margin security with a spread of $0.05.
The SPSE market announcements platform recorded three market releases for the week. Pleass Global Limited (PBP) released the notice of its Annual General Meeting, Kontiki Growth Fund Limited (KGF) released the company’s Annual General Meeting resolutions and declared final dividend of $0.01 per share. BSP Convertible Notes Limited (BCN) released the presentation at the BSP PNG Annual General Meeting.
For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj
Jinita Prasad
Chief Executive
23-05-2014