Market Overview
The week of market activities concluded with the SPSE e-trading platform witnessing a 2.24% rise in the overall market capitalisation. The increase in market capitalisation is attributed to positive price returns generated by the telecommunications giant, Amalgamated Telecom Holdings Limited (ATH) of 3.19%, the property and fleet
management company, VB Holdings Limited (VBH) of 0.96% and FMF Foods Limited (FMF) of 8.33%. Paradise
Beverages (Fiji) Limited (PBF) was the only stock to record a share price fall of 0.30%. The restricted stock, Fijian
Holdings Limited (FHL) and the media & entertainment conglomerate, Communications (Fiji) Limited (CFM) saw
their share prices remain unchanged from prior week at $3.50 and $4.10 respectively.
The market capitalisation at close of trading on Friday stood at a value of $908,932,038. The SPSE barometer, STRI also recorded an increase of 2.24% due to the positive price returns generated by ATH and VBH concluding at a value of 2304.86.
In terms of market statistics, 22 transactions were recorded in the final week of November with 756,547 shares
exchanging hands to garner $688,948 in consideration. FMF was the most active stock in terms of both volume and value traded accounting for 66.09% of the volume and 47.17% of the value traded respectively. ATH took the lead to be the most active in terms of number of trades recorded during the week under review.
The new order flow consideration was boosted by participation from few institutional investors entering the
market. The orders platform yielded an aggregate consideration of $1,021,294 amongst which 65.68% was
represented by an interest to purchase securities on SPSE. Huge volume orders were mostly recorded for VBH, ATH and FMF.
The overall unexecuted orders on the e-trading platform saw the total shares on bid to fall by 1.07%. The total
shares on offer also fell 26.01% after the FMF sell order entered last month was fully executed this week. The SPSE bid to offer ratio closed the week at 1:1.
ATH still ranks as the narrowest bid-offer margin security with a spread of $0.04 with The Rice Company of Fiji
Limited (RCF) still standing as the widest bid-offer margin stock having a spread of $0.59.
The SPSE market announcements platform recorded three market releases for the week. Future Forests (Fiji)
Limited (FFF) released the company’s annual general meeting resolutions. FHL announced strategic partnership
with Pernix Group while ATH ended the week of announcements releasing the company’s half year report.
For further information, please feel free to contact us on 330 4130 or e-mail on www.spse.com.fj
Jinita Prasad
Chief Executive
28-11-2014